Following a 27% weekly rally in shares of Sterling & Wilson Renewable Energy last week, Kunal Shah of LKP Securities suggests buying the stock on dips. “The stock has strong support in the Rs 345-340 zone, indicating a potential buying opportunity if the stock retraces to this level. Considering the breakout and support levels, there … Read more
Rescue operation being conducted after four coaches of the Coromandel Express derailed. At least 50 people are feared dead and several others injured, in Balasore district on June 2, 2023. | Photo Credit: PTI Expressing distress over the train accident in Odisha, Prime Minister Narendra Modi on Friday said rescue operations were underway at the … Read more
The underperformance of broader indices continued for another week. Technical analysts are, however, expecting a pre-Budget rally with a weak dollar and India VIX below 15 levels. If the Nifty crosses and sustains above 18,200 level, it would take the index towards 18,500 levels, analysts said. HDFC Bank, TCS, L&T, , , Persistent, ONGC, , … Read more
“Investor pessimism about the US economy with rising inflation and recession fears has led to the slide in the Indian Technologies companies last week,” says Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher Pvt. Ltd.In an interview with ETMarkets.com, Parekh who has over 16 years of experience said: “TCS has been in consolidation for … Read more