Tech view: Nifty needs to break out above 25,150 for trend reversal. How to trade on Tuesday
Although the Nifty’s short-term trend is still weak, the market shows promising signs of a sustainable recovery after a minor dip. According to Nagaraj Shetti of HDFC Securities, crossing the 25,150 level is crucial for confirming a potential upward trend reversal. He also notes that immediate support lies at 24,750.
Mutual fund SIP vs lumpsum investment: What’s the best strategy in this market?
With the stock market experiencing fluctuations, mutual fund investors are unsure whether to opt for SIP or lumpsum investments. Experts suggest that asset allocation should be based on risk appetite, investment horizon, and liquidity needs. Large cap-oriented strategies and a staggered approach via SIP or STPs are recommended to manage market volatility.
PN Gadgil Jewellers IPO: Top brass on ‘Peshwa route’ and how it became a legacy jeweller in Maharashtra
ET Markets, in an exclusive episode of IPO TALK, spoke with Saurabh Gadgil, Managing Director of PN Gadgil Jewellers, to understand how well the company is positioned at this point and what are the prospects.
Tata Tech hopes to achieve 20-21% margin in next 2-3 years: Warren Harris
Warren Harris, CEO of Tata Tech, discusses the company’s focus on margin preservation and growth in the EV sector. Tata Tech aims to achieve a 20-21% margin in the next two to three years. The company is also excited about its partnerships with Agratas and BMW, which are expected to drive future growth.
What to do with Vodafone Idea, HUDCO, Oil India and 3 other stocks? Aamar Deo of Angel One decodes
It is a foregone conclusion that there is a very high probability of a rate cut, it’s the quantum of the cut that is driving the markets. Also, it is being expressed by some quarters in the US, that the US Fed appears to be behind the curve this time, in rate cuts.
2 near-term triggers for the market; earnings visibility highest in consumption-driven sectors: Sandeep Bhatia
Sandeep Bhatia of Macquarie Capital highlights the importance of state elections and US political stability for market triggers. He emphasizes earnings visibility in domestic consumption sectors and discusses trends in the auto industry, particularly luxury cars and SUVs. Bhatia also notes the potential impact of interest rate adjustments on NBFCs and private sector banks.
Gala Precision Engineering shares list at 42% premium over IPO price
Gala Precision Engineering Share Price: Gala Precision Engineering’s shares debuted on the exchanges with a significant premium, listing at Rs 750 on BSE and Rs 721.1 on NSE. The IPO saw a strong subscription of 200 times. The funds will be used for setting up a new facility, purchasing equipment, and repaying debt.
Axis mutual fund front-running: ED registers case under FEMA, conduct raids
In February of the previous year, SEBI prohibited Joshi and 20 other entities from participating in the securities market due to their involvement in front-running. The regulator claimed these entities collectively profited unjustly to the extent of Rs 30.56 crore through their trading activities, which SEBI ordered to be seized.
Suzlon Energy shares jump 3% on winning India’s largest wind energy order from NTPC
Suzlon Energy’s shares rose 3% after securing a 1,166 MW wind energy order from NTPC Green Energy. The project in Gujarat will power 3 million households and boost Suzlon’s PSU presence.
Premier Energies shares rally 41% in 3 days on Rs 200 crore order win from UP Government
Premier Energies Share Price: Premier Energies’ shares surged 41% in three days after securing a Rs 215 crore order from Uttar Pradesh for solar water pumping systems. The project, under the PM-KUSUM scheme, aims to be completed by March 2025. The company’s IPO saw strong investor interest, with shares debuting at a significant premium.