Angel One and Havells India among several companies are set to attract investor attention in the coming week as their record dates for various corporate actions approach. These actions include dividends, stock splits, and bonus share issuances. The record date is the critical cutoff for determining shareholder eligibility for corporate benefits such as dividends, stock … Read more
Indian market is likely to edge higher on Thursday tracking positive global cues, but may face selling pressure at higher levels. The volatility index, India VIX has failed to sustain above the 200-day EMA level and thereafter witnessed minor correction on Wednesday. Both FIIs and DIIs were net buyers on Wednesday to the tune of … Read more
The Indian market was off to a muted start on Wednesday, expected to consolidate going further tracking mixed global cues. The Nifty future closed positive with gains of 0.25% at 22196 levels on Tuesday. India VIX was up by 0.82% from 15.60 to 15.72 levels. Volatility has been rising from the last two sessions. Positive … Read more
With Ayodhya getting a $10 billion makeover after the grand opening of Ram Mandir on Monday, investors are continuing to look for stocks that could benefit from the surge in religious tourism. Shares of smallcap stock Responsive Industries rallied up to 7% on announcing its selection as a key partner for several prestigious hospitality and … Read more
Technical charts are currently signalling a notable absence of clear directional momentum in the market. If the Nifty index surpasses and maintains levels above 19,500, it could drive the index to the 19,700-19,800 range. Should the index breach the critical support level of 19,350, the downside target is anticipated to be within the 19,200-19,100 range. … Read more
“It might be prudent to adopt a staggered approach when making new equity purchases and consider waiting for potential corrections to add to our equity exposure,” says Sahil Kapoor, Market Strategist & Head – Products, DSP Mutual Fund. In an interview with ETMarkets, Kapoor said: “The market breadth, volatility indicators and earnings trend continue to … Read more
The Nifty has closed below its short-term moving average and the broader price structure. According to technical analysts, these indicate a possibility of a bearish head and shoulder pattern formation. Hence, upside momentum is expected only above the 18,267 level, while the index can witness selling if 18,042 is broken. Stocks such as Siemens, ABB, … Read more
Global brokerage firm Credit Suisse maintained an underperform rating on and outperform rating on Havells India; BofA Securities retained a buy call on , and CLSA maintained an outperform rating on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Credit Suisse on AU Small Finance Bank: … Read more
New Delhi: The Rs 500-crore initial public offering (IPO) of Electronics Mart India (EMIL) kicked off for subscription on Tuesday, October 4. The company is selling its shares in the range of Rs 56-59 apiece. Incorporated in 1980, Electronics Mart India is the fourth-largest consumer durable and electronics retailer in India with a leadership position … Read more
Indian companies have struggled to meet investor expectations in the March quarter. But there are a few firms that have seen earnings upgrades after the fourth quarter. Out of the NSE 500 stocks, 20 have seen both earnings upgrades and upward price target revisions, according to Bloomberg analyst consensus estimates. These include , , , … Read more