In the Nifty500 pack, four stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on December 17, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day … Read more
Shares of Craftsman Automation zoomed 11% on BSE to day’s high of Rs 5,363.85 after the company entered into a Memorandum of Understanding (MoU) with Sunbeam Lightweighting Solutions and Kedaara Capital Fund II. The MoU pertains to the acquisition of whole or part of the business of Sunbeam. The acquisition proposal is still subject to … Read more
Brokerage firm Investec maintained a buy rating on Ujjivan SFB. Goldman Sachs recommends a buy rating on HDFC Bank while Citigroup maintains a sell rating on Persistent Systems and ICICI Securities initiated a coverage on Craftsman Automation with a target of Rs 5557. We have collated a list of recommendations from top brokerage firms from … Read more
On the auto ancillary space we are quite positive on , says Siddharth Sedani, Head – Senior VP – Equity Sales & Products Support, Anand Rathi Shares & Stock Brokers. Edited Excerpts: We have seen the PSU bank index actually kind of outperform the benchmarks, also the Nifty Bank for the most part of the … Read more