“For disclosure, HUL and Asian Paints have been my top picks since the beginning of this year, and I have mentioned this on your channel before. The slowdown in consumption had been so severe that a recovery was inevitable at some point. First, we had income tax rates being revised upwards, leaving more money in … Read more
The Indian market extended losses for a second consecutive week on Friday, dragged down by concerns over a delayed U.S. trade deal and disappointing quarterly results from Tata Consultancy Services. The Nifty 50 declined 1.22% to close at 25,149.85, while the BSE Sensex slipped 1.12% to 82,500.47 for the week. On the day, the Nifty … Read more
EID Parry is currently forming a Higher High, Higher Low structure, suggesting an ongoing uptrend. However, the stock has surged toward its rising trendline, which may act as a near-term resistance.Notably, the decline in volume during this price rise signals weakening momentum. The stock is trading 25% above its mean, while historically it tends to … Read more
Rich investors looking to borrow and invest in the upcoming initial public offerings will have to shell out higher costs for such loans. With the spate of recent issues resulting in money getting locked up and funded bets made on the last two offerings resulting in losses, finance companies have increased rates by as much … Read more