HDFC Bank shares have recently hit a 52-week low following a 10% decline after the release of its Q3 earnings. The stock is now in the oversold territory with an RSI of 24.5, indicating potential for a recovery. Despite the dip, global brokerage CLSA maintains a buy rating with a target of Rs 2,025 per … Read more
Nova AgriTech’s IPO has seen overwhelming response, fully subscribed on the first day itself with more than 10 times the demand. The IPO opened on January 23, 2024, and is set to remain open for subscription until January 25, 2024. The total size of Nova AgriTech’s IPO stands at INR 143.81 crores, and the company’s … Read more
In today’s market analysis, we’ll delve into the technical breakout stocks of Bharti Airtel, Larsen & Toubro (L&T), and Titan Company. These stocks have recently witnessed significant movements and show potential for further upward trends, according to insights from Kunal Kamble Sr, a Technical Analyst at Bonanza Portfolio. Bharti Airtel: On a Positive Trajectory Bharti … Read more
KPI Green Energy’s Soaring Performance and New Solar Project KPI Green Energy Limited, a company operating in the green energy sector, witnessed a 1.87% increase in its stock on Saturday’s trading session, closing at INR 1,433 on the NSE (National Stock Exchange) with a 442% return. This surge comes after its subsidiary, KPI Green Energia … Read more
The stock market buzz is centered around Tata’s Voltas shares, which witnessed a dip in prices last Saturday. Despite the decline, experts from Motilal Oswal, a domestic brokerage, are optimistic, predicting that the share could surpass ₹1100. This projection comes just ahead of the company’s release of third-quarter results in December. As of the last … Read more
Sterling & Wilson Renewable Energy Limited’s shares have been witnessing continuous growth, reaching new highs driven by a substantial order. In the past three trading days, the company’s shares have consistently hit the upper circuit. Last Saturday, Sterling & Wilson Renewable Energy Limited shares surged by 11% to reach ₹504.15, marking a new high. Over … Read more
Foreign Portfolio Investors (FPIs) have adopted a cautious stance in January, pulling out Rs 13,000 crore from Indian stocks in the first three weeks. This cautious approach is attributed to the high valuations of Indian stocks and the surge in US bond yields. In contrast, FPIs have shown bullishness in the debt market, injecting Rs … Read more
L&T Infotech, India’s sixth-largest IT company, has reported impressive profits for the December quarter. The company’s consolidated net profit increased by 17% year-on-year, reaching ₹11.69 billion, while its operational revenue grew by approximately 5% to ₹90.16 billion. Despite these positive financials, investors seem concerned, as the company’s shares have experienced a drop of more than … Read more
In the volatile landscape of the stock market, Paramount Cable’s shares defied the broader trend as they surged by 5 percent amid a market crash. Despite the early trade plunge witnessed by benchmark equity indices Sensex and Nifty on a Wednesday, Paramount Cables exhibited resilience, reaching the upper circuit at Rs 96.83 compared to the … Read more
The Indian stock market experienced a substantial decline today, with the BSE Sensex plunging over 1,600 points and the Nifty50 ending below 21,600. This marked the worst day for the 30-share index in the last 16 months. HDFC Bank, a significant player in the indices, led the downturn after reporting quarterly results below expectations. The … Read more