While most brokerages are bullish on , the largest holding of the billionaire Jhunjhunwala family, HDFC Securities sees the multibagger stock dropping up to 25% to Rs 2,050. “While Titan’s execution has been on point, it has benefited from a sharp gold price rise over FY19-22. The lion’s share of this price tailwind seems to … Read more
New Delhi: Domestic brokerage firm HDFC Securities has initiated coverage on , the company which floated the first initial public offering (IPO) for the year 2022. It expects a recovery in the payment solution business, led by the revival in ATM transactions, increasing cash circulation, higher demand for CRM machines, preference for RBI & MHA … Read more
recently reported a 72 per cent rise in June quarter profit on a three times jump in sales, but analyst views on the counter have been fairly mixed. Those who see a strong outlook are betting on the company’s sneakers segment and see steady recovery in volumes ahead. Others who are not, pointed to volumes … Read more
High raw material prices hurt the profitability of Indian companies in the fiscal first quarter, although passing on part of the cost burden helped boost their revenue growth. With softening commodity prices and rising consumption, analysts expect the overall corporate performance to improve in the second half of the fiscal year. The aggregate revenue of … Read more
With Nifty scaling past the key hurdle at 17,500 on Monday, bulls are now looking much stronger on Dalal Street. The positive momentum is expected to continue with Nifty eyeing 17,700 – 17,800 zones. Here’s how analysts read the market pulse: Ajit Mishra, VP – Research, Religare Broking, said Nifty has decisively surpassed the hurdle … Read more
Nifty50 on Wednesday settled below its key support of 16,000 and formed a large bearish candle on the daily chart. Analysts said the bears have got an edge over the bulls, and some downside looks likely. The long negative candle on the daily chart overlapped the previous day’s negative candle, said Nagaraj Shetti, Technical Research … Read more
New Delhi: Nifty50 on Thursday closed above its 50-day simple moving average and formed a bullish candle on the daily chart, with a long wick. Analysts said that since the breakout of 15,900, the technical setup for the index looks positive. They believe a push above the 16,150-175 range may attract further buying. For the … Read more
New Delhi: Nifty50 on Wednesday breached the 16,000 mark intraday, for the second straight session, before closing just below the psychological level. The index formed a bullish candle on the daily chart that almost engulfed the negative candle of the previous session. Technically, it indicates a negation of bearish formation and signals positive bias for … Read more
New Delhi: Nifty50 on Wednesday saw selling pressure, as it ended up forming a bearish candle on the daily chart. The index failed to see a follow through buying, following the breach of 15,200-15,400 range in the previous session, reflecting a lack of strength. Analysts said a fall below 15,400 could trigger further weakness in … Read more
New Delhi: Nifty50 on Monday snapped a six-day losing streak and formed an indecisive candle on the daily chart. The advance-decline ratio for the broader market remained skewed in favour of the bears, but analysts said certain technical parameters on Nifty50 are hinting at recovery ahead. Certain positive factors cropped up on the lower time … Read more