Tech View: Nifty ends below 20 DEMA; 24,000 key to avoiding sell-off. How to trade on Wednesday
Nifty’s daily chart on Tuesday formed a long bear candle, wiping out most of Friday’s gains. This market action signals a lack of strength to sustain the upward bounce. Nifty’s higher tops and bottoms pattern remains intact, with crucial support at 24,200-24,000; holding above this level could trigger an upside bounce.
December print and next few prints may take us closer to 4% inflation mark: Aditi Nayar
ICRA’s Chief Economist, Aditi Nayar, projects a slight rise in WPI inflation to 2.5-3% this month, diverging from CPI but converging by December. She anticipates CPI inflation cooling to 5-5.1%, potentially prompting a February rate cut. While a record trade deficit was driven by gold imports, Nayar expects moderation, forecasting a full-year current account deficit […]
Rakshit Ranjan on why Marcellus is betting on agile players over traditional FMCG giants
Tata Consumer is a very different business compared to where it was even till last year and very-very different from where it was four or five years ago. And it is this capital allocation intensity of some of our consumption picks, which is what we are trying to play rather than the standard FMCG of […]
Over next 3-4 years, plan to reduce debt to zero: Hubtown promoter
Hubtown focuses on debt reduction and land monetization. The company aims for zero debt in the coming years. It will leverage prime land holdings, including a 150-acre Thane plot. Hubtown has a 30 million square feet portfolio. Ongoing projects include 25 Downtown and Hubtown Seasons. Upcoming projects include 25 Estates and 25 Vistas. The company […]
CSB Bank shares rally 8% after meeting with asset management firm WhiteOak Capital
CSB Bank’s stock surged after a meeting with WhiteOak Capital. The bank’s shares saw a 7.7% jump. This followed a 9.91% rise over the past month. The bank’s net profit grew by 3.9% in the September quarter. Net sales increased by 25.8% during the same period. However, the stock has declined over the longer term.
Quess Corp shares surge over 9% as Antique Stock Broking sees stock rallying up to Rs 1,000
Quess Corp shares rose 9.4% after Antique Stock Broking initiated coverage with a “buy” rating and Rs 1,000 target, citing strong hiring trends and projected revenue growth of 12%-14% CAGR through 2027.
Cipla shares rise over 2% as Kotak forecasts better days ahead, upgrades rating to ‘buy’
Cipla shares rose by 2.4% to Rs 1,483.40 on Tuesday after Kotak Institutional Equities upgraded the stock from “add” to “buy,” with a target price of Rs 1,725. This suggests a potential upside of over 16% from the current levels.
Enviro Infra shares skyrocket 20% in 2 Days, soar 140% from IPO price
Shares of Enviro Infra Engineers, which debuted on the exchanges in November, saw a significant surge in trading volumes, rising by 20% to reach a new high of Rs 354.60 on the BSE. The company had set an upper price band of Rs 148 for its IPO, and the stock listed at Rs 218.
Supreme Industries positioned for growth amidst raw material price volatility: Chakri Lokapriya
When the companies start putting earnings, we are likely to see a lots of downgrades of earnings So, against that backdrop bank loan growth has to pick up.
Death Crossovers: These 4 stocks signal bearishness on December 17
In the Nifty500 pack, four stocks are witnessing Death Crossovers, according to stockedge.com’s technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving average on the downside. These stocks’ 50-day SMA crossed below […]