Lawyers land $700 million bounty from crypto collapse

Lawyers land $700 million bounty from crypto collapse

The collapse in cryptocurrency prices last year forced a procession of major firms into bankruptcy, trigging a government crackdown and erasing the savings of millions of inexperienced investors. But for a small group of corporate turnaround specialists, crypto‘s implosion has become a financial bonanza. Lawyers, accountants, consultants, cryptocurrency analysts and other professionals have racked up … Read more

Sustaining above 19,500 can take Nifty higher: Analysts

Sustaining above 19,500 can take Nifty higher: Analysts

Technical charts are currently signalling a notable absence of clear directional momentum in the market. If the Nifty index surpasses and maintains levels above 19,500, it could drive the index to the 19,700-19,800 range. Should the index breach the critical support level of 19,350, the downside target is anticipated to be within the 19,200-19,100 range. … Read more

Traders see modest Nifty moves in September

Traders see modest Nifty moves in September

Mumbai: Traders held back from carrying forward aggressive bets on Nifty futures to September on Thursday – when the August contracts expired – on expectations of modest moves in the benchmark index in the near future. Though the index closed below a key support of 19,260, analysts are not anticipating it would fall below 19,000 … Read more

Power stocks surge amid policy push to drive demand for energy

Power stocks surge amid policy push to drive demand for energy

Mumbai: Power stocks were among the top gainers on Tuesday, riding the bullish momentum in the past month, as investors bet that the government’s increased thrust on manufacturing would boost the demand for energy. The BSE Power Index, which gained 10% in the last month, rose 1.5% on Tuesday. Analysts believe the favourable government policies … Read more

Nifty likely to stay range bound in 19,300-19,700: Analysts

Nifty likely to stay range bound in 19,300-19,700: Analysts

The market is likely to keep traders on their toes this week with Nifty expected to swing in 19,300-19,700 range. Breakouts from this zone can take the index to 20,000-20,200 on the upside or 19,000-18,800 on the downside, according to technical analysts. ACC, Sun Pharma, TCS, Tech Mahindra, HCL Technologies, Atul, Jubilant Food, IDBI Bank … Read more

Analysts raise L&T targets on stellar Q1, share buyback

Analysts raise L&T targets on stellar Q1, share buyback

Mumbai: Larsen & Toubro (L&T) surged to an all-time high on Wednesday – rising as much as 4.4% in early trades – as the Street cheered better-than-expected first-quarter earnings that saw its order book surpass ₹4 lakh crore for the first time ever. Separately, the company announced a special dividend and a ₹10,000 crore share … Read more

Analysts maintain bullish calls on ICICI Pru Life on the back of a renewed business strategy

Analysts maintain bullish calls on ICICI Pru Life on the back of a renewed business strategy

Mumbai: Shares of ICICI Prudential Life Insurance Co fell as much as 5% in Wednesday’s trading to their lowest levels in nearly one month after the private life insurer posted a drop in first quarter core business revenue. However, analysts remained hopeful of a recovery on the back of a renewed business strategy, and maintained … Read more

On a path to recovery: 4 small and mid cap pharma stocks with an upside potential up to 25 %

On a path to recovery: 4 small and mid cap pharma stocks with an upside potential up to 25 %

Suven Pharmaceuticals Limited is a company that is primarily engaged in providing services to global life science and fine chemical, including custom synthesis, process research and development, scale up and contract manufacturing of intermediates, active pharmaceutical ingredients (APIs) and formulations. Synopsis Pharma as a sector has been under pressure for a very long time. However, … Read more

Selling could intensify if Nifty breaks 18,042: Analysts

Selling could intensify if Nifty breaks 18,042: Analysts

The Nifty has closed below its short-term moving average and the broader price structure. According to technical analysts, these indicate a possibility of a bearish head and shoulder pattern formation. Hence, upside momentum is expected only above the 18,267 level, while the index can witness selling if 18,042 is broken. Stocks such as Siemens, ABB, … Read more

Analysts’ most-loved stocks can return up to 50% in a year

Analysts’ most-loved stocks can return up to 50% in a year

Mumbai: The recent decline in equities triggered by the crisis in the US banking industry has investors scouring the stock market for potential winners. Though share valuations in India remain expensive despite the recent correction, analysts said there is a growing demand for companies that could withstand the ongoing uncertainty and grow faster when the … Read more