Mumbai: Institutional investors have mounted bearish derivatives wagers on Indian equities as the strengthening dollar and elevated interest rates in the US have heightened uncertainty in the near term. Foreign funds’ net bearish index futures positions were 77% of their total bets on Monday – reaching almost the level seen at the onset of Covid … Read more
Mumbai: Traders looking to bet on Infosys ahead of its September quarter results on Thursday could create a strategy using a combination of stock options. Analysts said this strategy is designed to bet on a drop in the premium of Infosys options after its results. The expectation is that would trade in a ₹1,400-range. On … Read more
Synopsis From a hospital stock, which has been quietly adding number of beds, to a gold loan-focussed lender, five stocks have seen an improvement in analysts’ score on SR plus and their stock prices have also moved higher. This improvement in score along with rise in prices took place amid wild market swings. Does better … Read more
ET takes a look at some of the top stock recommendations by analysts. These stocks are expected to return between 11% and 26% as per analysts’ price targets. Brokerage: Price Target: Rs 290 CMP: Rs 231.4 | Upside: 25.3% The brokerage has raised its price target on the stock to Rs 290 from Rs 275, … Read more
Mumbai: Shares of paper manufacturers rallied up to 10% on Wednesday on speculation there could be a price hike from September 1. But analysts warned against buying afresh at current levels as the stocks have run up substantially in 2022. Mills, , and gained 5% each while rose 8% on Wednesday. and shares surged more … Read more
Technical analysts expect the market to extend its decline this week. The Nifty is likely to touch the 17,600 level, and in case of further weakness, the index is expected to fall below the 17,200. Traders must buy stocks such as , , and Thermax; and sell , , BoB, and , analysts said. NAGARAJ … Read more
Mumbai: Investors must brace for limited gains in shares of metal and mining companies as earnings could come under pressure in the coming quarters on weakening prices, said analysts. With Chinese steelmakers flooding the global market, analysts expect prices to be under pressure for now. , , , and remain top picks though analysts warn … Read more
Technical analysts expect the Nifty to test 17,300 in the short term after the index closed above the 17,000-mark for the first time in nearly two months on Friday. The Nifty ended with a gain of 2.6% last week at 17,158.25. If it crosses 17,300, a further upmove towards 17,800 cannot be ruled out, said … Read more
Mumbai: (), India’s biggest company by market value, Friday reported a 41% jump in consolidated profit in the June quarter as cheaper Russian crude and robust fuel demand boosted refining margins, while consumer-facing retail and telecom segments also clocked higher revenues. Net profit came in at ₹19,443 crore, missing Street estimates on higher taxes and … Read more
Mumbai: Shares of oil refiners and producers surged on Wednesday after the government cut windfall taxes on fuel exports due to falling global prices. Analysts said the move will provide a sentimental boost to these stocks and eases regulatory overhang. But investors are unlikely to rush to buy these stocks as policy risks persist, said … Read more