Tech View: Nifty bulls eyeing 25K, hurdle at 24,700. Here’s how to trade on Wednesday
According to Nagaraj Shetti of HDFC Securities, the Nifty’s overall trend is still positive. If it can maintain a position above 24,700, we could see it reach 25,000-25,100 soon. The immediate support level is at 24,500.
Here’s why Sudip Bandyopadhyay is bullish on Raymond
If you compare FY24, Raymond, the lifestyle piece was about 3450 crore top line, whereas Vedant was about 1368 crore top line. And of course, the EBITDA margins were about 20.9% for Raymond’s branded lifestyle piece and do not forget that Vedant, you get, say, about 37-time EBITDA multiple as far as valuation is concerned […]
Mazagon Dock, GRSE shares fall up to 12% in 3 days. Here’s why
GRSE Share Price: Shares of Mazagon Dock Shipbuilders and Garden Reach Shipbuilders fell sharply after ICICI Securities predicted significant downside risks. The brokerage firm cited stock overvaluation and potential order execution challenges, influencing investor sentiment negatively.
Looking to pick only one index fund? Radhika Gupta shares an idea
Edelweiss Mutual Fund CEO Radhika Gupta recommended the Large and Midcap 250 Index as a top index fund choice for investors aiming for broad economic coverage. Gupta’s suggestion came in response to confusion expressed by Mahesh, an AMFI-registered distributor, regarding the various available index fund options for investors.
2 top stock recommendations from Vinay Rajani
And as we have been discussing that the breadth of the market is quite strong, broader markets have been very supportive in yesterday’s session also. Even if Nifty and Bank Nifty were muted, but we witnessed a sharp bounce in the Small Cap Index and Small Cap Index has crossed all the resistances and headed […]
Time to take contra bet in financials? Here’s what you can go for
Deven Choksey of DRChoksey FinServ Pvt. Ltd highlighted the current price rationalization in financial stocks, suggesting it’s a favorable time for investment. He pointed out ICICI Bank, HDFC Bank, SBI, and Bajaj Finance as strong candidates. He also stressed India’s economic potential, projected to grow from $4 trillion to $10 trillion in the next decade.
Markets brace for a dovish surprise; expecting 100% chance of a rate cut in September: Farah Mourad
Even though if you notice today this drop on US dollar and expectation for the Fed minutes and Jerome Powell’s speech, I believe the markets are pricing a dovish surprise. I highly doubt it is the right time for it, but that is what the markets are pricing right now.
Zomato shares fall 2% after Antfin Singapore likely offloads 2% stake via block deal
Shares of food aggregator Zomato dropped 2% to a day’s low of Rs 257.10 on the BSE in the early trading session following reports that Antfin Singapore sold a 2.4% stake in the company through a block deal. Approximately 21 crore shares, equating to a 2.4% stake, were traded in this deal. The identities of […]
F&O stocks to buy today: RIL, ITC among top 9 trading ideas for 20 August 2024
The Indian market was expected to see gains on Tuesday amid positive global cues. The Nifty future ended flat at 24,590 on Monday. Analysts suggested Nifty needs to hold above 24,500 levels for further gains. Experts named several stocks for short-term trading in the F&O and cash markets.
Hot Stocks: Brokerage view on HCLTech, Reliance, TCS and IndusInd Bank
JPMorgan has maintained a neutral rating on HCLTech with a target price of Rs 1,510. The recent CFO succession, while surprising, is expected to proceed smoothly. Prateek, who held the CFO position for six years, had been with HCLTech for 13.5 years in total.