“Right now, it’s hard to say what to buy, but it’s best to wait for a reversal. Nifty has strong support at 23,800, with resistance around 24,600 to 24,700. Going short now is not advisable—any positive news could trigger a pullback to 24,500 or 24,600,” says Dharmesh Shah, ICICI Direct. Very interesting data point Soumeet … Read more
The Sovereign Gold Bond Scheme 2023-24 – Series I – has opened for subscription on Monday, June 19, and will close on June 23, with the settlement date of June 27. The issue price is Rs 5,926 per gram of gold while there is a discount of Rs 50 for those investors who subscribe to … Read more
Mumbai: ICICI Direct expects the Nifty to touch 21,400 in 2023 and 50,000 by 2030. The retail broker’s 2023 target implies an upside of 16.2% from the current levels. Larsen & Toubro remains its top pick with a target price of ₹2,520 per share implying a 16% upside. Other picks include (target ₹660), Bosch (target … Read more
ICICI Direct has given a buy rating to the Jhunjhunwala stock Star Health and Allied Insurance, for a target price of Rs 850, which implies an upside of 23% from the current levels. The company is the largest standalone insurer engaged in the health insurance segment with relatively superior market share and operating performance. Star … Read more
NEW DELHI: Shares of were trading flat in Tuesday’s trade ahead of its quarterly earnings scheduled for later in the day. The telecom major is expected to report a muted set of quarterly results with sales rising 8-9 per cent on a year-on-year basis and margins coming in flat sequentially. Analysts’ projections on profit differ … Read more