Reliance’s attractive valuations could make it a strong bet: Varun Saboo
Absolutely, I agree with you on the point that valuations have become very attractive out here and all businesses have been doing fine. So, I do not see any reason why Reliance should be here and we remain quite optimistic on it.
Positive Breakout: These 5 stocks cross above their 200 DMAs
In the NSE list of stocks with a market cap of over Rs 1000 crore, five stocks closed prices crossed above their 200 DMA (Daily Moving Averages) on January 8, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular […]
Q3 results today: TCS, Tata Elxsi, IREDA among 9 companies to announce earnings
TCS will release its Q3 earnings, with expected year-on-year revenue growth between 5.2% and 6.4%. Motilal Oswal forecasts an 8.1% PAT growth, while Kotak Equities anticipates deal wins of $9-10 billion. Analysts’ focus includes growth, deals, pricing, and BFSI trends.
Shriram Finance 1:5 stock split record date tomorrow: Last chance to buy
Investors have until today to purchase Shriram Finance shares to participate in the upcoming stock split scheduled for January 10. The company plans to split each equity share with a face value of Rs 10 into five equity shares with a face value of Rs 2 each. The split aims to enhance stock liquidity and […]
Davin Sons Retail IPO listing today. Here’s what GMP indicates
Davin Sons Retail shares are set to debut on the BSE SME platform with an expected 9% listing premium. The company received an impressive IPO subscription of 120 times. The proceeds will fund warehouse purchases, working capital, and general corporate purposes. Revenue saw a significant rise from Rs 3.91 crore in 2023 to Rs 13.39 […]
Stocks to buy today: Delta Corp, Waaree Energies and Tata Technologies on investors’ radar
Equity indices ended slightly lower on Wednesday due to investor hesitation ahead of the earnings season amid lower economic growth projections. Noteworthy stock movements include Delta Corp rising 3%, Waaree Energies falling 3%, and Tata Technologies gaining 0.37%. Analysts provided buy, sell, or hold recommendations based on technical analysis.
TCS’ operating efficiency to bring shine amid muted top-line show
TCS is expected to report a 0.4% sequential revenue drop for Q3 FY24 due to furloughs and currency headwinds. Net profit may grow 5.8% to ₹12,599.8 crore, supported by operational efficiencies and a weaker rupee.
Asian stocks dip as traders shift focus to US jobs
Asian shares fell as Wall Street traders held back on big bets before Friday’s US jobs report. US contracts slipped, and key data from China expected Thursday. Investors focus on payrolls and Federal Reserve’s stance. US stock markets will close on Jan. 9 for Jimmy Carter. Rising bond yields and potential market volatility ahead.
Indian companies sought $2.8 billion in ECBs in Nov: RBI Data
Four borrowers, Reliance Industries, Bajaj Finance, InterGlobe Aviation and REC registered to borrow $1.4 billion from the approval route with Reliance alone seeking to borrow $1 billion.
CLSA ‘constructive’ on cement cos’ prospects, upgrades Dalmia and ACC
The brokerage raised its price target on Dalmia to ₹2,110, implying an upside of 17% and on ACC to ₹2,580, implying gains of 28.5% over Wednesday’s closing price.