Rajesh Bhosale from Angel One anticipates a strong upward trend in State Bank. He advises purchasing it around 818-820 levels, setting a stop loss at 802, with a target of 855. Bhosale is also optimistic about Muthoot Finance. He notes a flag pattern on the daily chart.
Cash takes centre stage as investors rethink AI spending boom
Investors are increasingly focused on technology companies’ cash generation capabilities to fund artificial intelligence investments. Microsoft and Oracle are gaining positive attention from investors, while