De also recommends ‘Buy’ on Bajaj Finance around Rs 980, with a target of Rs 1,050 and stop loss at Rs 944. The stock, currently trading at Rs 1,003.25, has staged a strong recovery from August lows of Rs 850 and is comfortably above its 21-EMA. However, De cautioned that RSI above 80 reflects overbought … Read more
While the RBI repo rate cut is undoubtedly a significant psychological and technical milestone, for Nifty to sustain above 25,000, the upcoming macro data and corporate earnings will be key, Mayank Jain, Market Analyst, Share.Market said as he advise investors to watch for consistent institutional flows and sector rotation to confirm if this breakout holds. … Read more
“Bank Nifty is also trying to get support around 55,000 which is the immediate put-based concentration,” says Rajesh Palviya, Axis Securities.So, the market is quite in a choppy zone right now. Before you give us you take on your picks for the day, I want to understand the support levels that you are looking at … Read more
After two straight sessions of gains, defence stocks saw profit booking on Wednesday, 30 April, even as geopolitical tensions between India and Pakistan remained elevated following the deadly Pahalgam terror attack. Shares of Hindustan Aeronautics (HAL), Garden Reach Shipbuilders & Engineers (GRSE), Data Patterns, Cochin Shipyard, and others declined up to 5.2% during the session. … Read more
Shares of Indian defence companies surged between 5% and 11.5% on Monday, 28th April, driven by escalating tensions between India and Pakistan and the expected formal announcement of the Rafale-M fighter jet deal. Stocks such as Paras Defence, Garden Reach Shipbuilders, Data Patterns, Cochin Shipyard, Mazagon Dock Shipbuilders, and Hindustan Aeronautics saw notable gains. The … Read more
BSE Smallcap’s 2% weekly slide had 821 culprits to blame for as they fell up to 43% in the truncated week that ended on Thursday. In this, 116 counters plunged in double-digits as the overall sentiments remained subdued on US recession fears and tariff wars, unleashed by President Donald Trump. The top 10 laggards in … Read more
Stocks such as ITC and Cochin Shipyard will be in focus next week as they approach their record dates for corporate actions including dividends, bonus shares, and stock splits. The record date serves as a cut-off date when companies determine which shareholders qualify for corporate benefits. For shareholders to be eligible for buybacks, bonus issues, … Read more
Quant Small Cap Fund, the largest fund managed by Quant Mutual Fund, has made a complete exit from Mazagon Dock from its portfolio in January and has reduced its stake in Cochin Shipyard and HUDCO before Budget.Around 4.21 lakh shares of Mazagon Dock were sold from the portfolio in January. The small cap fund reduced … Read more
A PSU firm, which rallied more than 15 times from January 2021 to July 2024, has seen a significant decline of over 51% from its 52-week high reached on July 8, 2024. This firm is Cochin Shipyard, whose order book stood at Rs 22,587 crore as of June 30, 2024, including Rs 21,587 crore in … Read more
The Rs 27,870 crore initial public offer (IPO) of Hyundai India, which opened for subscription on Tuesday, was subscribed 20% so far on the second day of the bidding process. The issue received nearly 1.98 crore consolidated share bids versus 9,97,69,810 shares available for subscription. Retail investors led the way, subscribing to the issue by … Read more