Tech View: Nifty’s weekly bullish engulfing candle signals strength; key resistance at 23,800. How to trade on Monday
Nifty formed a red candle on the daily chart on Friday, indicating weakness, but a green candle on the weekly scale confirmed last week’s bullish engulfing pattern. Immediate support lies at 23,430, while key resistance is at 23,800. Given the strong weekly structure, traders should adopt a buy-on-dips approach, said Hrishikesh Yedve of Asit C. […]
What does a rate cut after 5 years mean for the economy? Dinesh Kumar Khara explains
Dinesh Kumar Khara emphasizes that the adoption of the repo rate as an external benchmark by banks will ensure quick transmission of policy rate changes into loan rates. However, deposit rates adjustments might lag. He highlights the importance of market liquidity and other measures announced by RBI to support economic growth and address short-term liquidity […]
Mazagon Dock Q3 Results: Cons PAT jumps 29% YoY to Rs 807 crore; revenue up 33%
Mazagon Dock Q3 Results: Revenue from operations surged 33% YoY to Rs 3,144 crore in the reviewed quarter, up from Rs 2,362 crore a year ago. EBITDA rose 51% YoY to Rs 817 crore from Rs 539 crore, with margins improving to 26%. Net profit after tax climbed 38% sequentially from Rs 585 crore in […]
Kerala Budget 2025 Highlights: High-speed rail corridor, metro projects, and IT park in Kannur, check all key announcements
Kerala Budget 2025 Highlights: Kerala Finance Minister K.N. Balagopal presented the 2025-26 budget, focusing on Metro rail projects, high-speed rail corridors, and the K-Homes project for tourism. Rs 750 crore is allocated for Wayanad rehabilitation. The budget also includes provisions for infrastructure development, social welfare, and healthcare, with significant investments in scholarships, pensions, and the […]
Sonata Software sinks 15% as Q3 profit drops sequentially on margin erosion
Sonata Software shares plunged 15.1% after reporting a 1.4% sequential decline in Q3 profit to Rs 105 crore, impacted by margin erosion due to a top-client ramp-down. Revenue rose 14% YoY to Rs 2,842.8 crore. The company expects a revenue dip in Q4 but anticipates AI-driven growth.
Cochin Shipyard shares crack 7% after reporting 27% YoY decline in Q3 PAT
Cochin Shipyard shares fell 7% after reporting a 27% YoY decline in Q3 net profit to Rs 177 crore. EBITDA dropped 23% to Rs 237 crore, while revenue rose 9%. The company announced a Rs 3.5 interim dividend. Shares have dropped nearly 10% YTD despite a strong yearly gain.
Bharti Hexacom shares zoom 4% after Q3 PAT, revenue jump over 20% YoY
Bharti Hexacom shares rose 3.8% after the company reported a 23% increase in net profit, reaching Rs 261 crore, and a 25% rise in revenue year-on-year for Q3FY25. Mobile services revenue and EBITDA margins also showed strong growth, driven by tariff adjustments and an improved revenue mix.
Trent shares jump 2% after Q3 profit jumps 33% YoY. Should you buy, sell, or hold?
Trent’s shares rose nearly 2% as Q3 FY25 net profit grew 33% to Rs 497 crore. Revenue increased by 34% to Rs 4,657 crore. The company expanded its store portfolio to over 850 large-box fashion stores. While earnings met expectations, revenue fell short, leading some analysts to adjust target prices. Trent’s management remains optimistic about […]
Positive Breakout: These 8 stocks cross above their 200 DMAs
In the Nifty500 pack, eight stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on February 6, 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 […]
Aster DM and 3 other stocks to trade ex-dividend on Monday. Last chance to buy!
Shares of Aster DM Healthcare, GPT Infraprojects, Indian Toners & Developers, and Suraj Ltd will be in focus as February 10 is the record date for determining dividend eligibility. Investors must purchase shares by today under the T+1 settlement cycle to qualify for these dividends.