Tech view: Bullish reversal on Nifty hinges on sustained breakout. How to trade tomorrow
The Nifty index formed a bearish engulfing pattern, signaling potential bearish momentum below the 23,000 support level. Resistance lies at 23,300–23,500, requiring a breakout to confirm bullish reversal amid volatile conditions.
Zomato shares crack 11% after Q3 PAT falls 57% YoY. Should you buy, sell or hold?
Why Zomato Share is Falling Today: Zomato share price dropped by 11.43% after reporting a 57% decline in Q3 net profit to Rs 59 crore. Revenue rose by 64% to Rs 5,405 crore. Analysts have mixed ratings: UBS and Nomura maintained ‘Buy’ ratings, while Macquarie rated it ‘Underperform’. BofA expects Blinkit’s losses to persist but […]
Lumino Industries files draft papers with Sebi to raise Rs 1,000-cr via IPO
Conductors and power cables manufacturer Lumino Industries has filed preliminary papers with capital markets regulator Sebi to raise 1,000 crore through an initial public offering (IPO).
Investors who bought into Andhra stocks euphoria after last Budget are licking their wounds
Andhra Pradesh-based stocks like Heritage Foods and Amara Raja Energy, which gained investor interest post-Budget, are now underperforming. Despite initial market excitement and promises from Andhra CM Chandra Babu Naidu and Finance Minister Nirmala Sitharaman, most of these stocks are trading negatively due to worsening market sentiments.
2 top stock recommendations from Vinay Rajani
If we adjoin that trend line, the support comes in at around today’s low only. But overall, the way it has come down from the higher levels, it looks like that the bears are having more dominance right now and the chances of going down looking higher than from here.
Global investors eyeing cheaper alternatives as India’s valuations stay high: Manishi Raychaudhuri
When you look at the relative valuations, India in relation to Asia ex-Japan, that argument becomes even more egregious. India is on a forward PE basis trading at about 62% premium to Asia ex-Japan. The long-term average is 38%. On price to book it is between 80% to 90% premium.
Blinkit continues to lead market despite growing competition: Karan Taurani
The cash burn is not a question here. The question here is that Blinkit has always focused on assortment, on user experience, and on trying to basically be better ahead of peers. Their focus remains to be on that and not on cash burn.
Existing promoters to continue to control Nazara; Sacheti and Khandelwal to be deemed co-promoters: Nitish Mittersain
Mithun Sacheti of Caratlane and Arpit Khandelwal of Plutus Wealth Management have invested Rs 495 crore in Nazara Technologies, acquiring a 5.4% stake. The funds will be used for strategic acquisitions, highlighting the company’s bullish growth projections for FY26 and beyond. The existing promoters will continue managing, with Sacheti and Khandelwal as deemed co-promoters.
Q3 results today: Tata Technologies among 31 companies to announce earnings on Tuesday
Approximately 31 companies will announce their Q3 results, including Tata Technologies, ICICI Prudential Life, and Indiamart. Tata Technologies is expected to report marginal revenue growth and a dip in net profit. Key focus areas include medium-term client spends, Airbus engagements, and technology solutions segment outlook. Investors will closely watch for updates on these aspects.
Positive Breakout: These 4 stocks cross above their 200 DMAs
In the Nifty200 pack, four stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on January 20, 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 stock. As long as the stock is priced above the 200-day […]