Technical Stock Pick: 30% rally in 3 months! Indus Tower breaks out from falling trendline resistance; time to buy?

Technical Stock Pick: 30% rally in 3 months! Indus Tower breaks out from falling trendline resistance; time to buy?

Indus Towers Ltd, part of the telecom industry, rallied more than 30% to break out from a falling trendline resistance on the weekly charts and the momentum could take the stock to a fresh 52-week high. Short-term traders can look to buy the stock on dips for a possible target of Rs 285 in the … Read more

Hot Stocks: 3 stocks that may give returns upto 38%

Hot Stocks: 3 stocks that may give returns upto 38%

ET looks at some of the latest stock recommendations by analysts. These stocks are expected to return between 16% and 38% as per analysts’ price targets. Indus Towers BROKERAGE BOFA SECURITIES Price Target: Rs 280 CMP: Rs 240.5 Upside: 16% Vodafone Idea’s potential fund raise for network expansion to be positive for Indus as it … Read more

Q2 results, yield movement, FII flows among 7 factors likely to hog Dalal Street this week

Q2 results, yield movement, FII flows among 7 factors likely to hog Dalal Street this week

MUMBAI: Benchmark indices snapped two-week winning streak and net lost over 1% in the week-ended October 20. The rising US bond yields, firm crude oil prices, and weak earnings from IT majors were some of the factors that weighed on the market sentiment. The coming truncated week is likely to bring in volatility as a … Read more

NSE Indices changes criteria to calculate price-to-book value for indices

NSE Indices changes criteria to calculate price-to-book value for indices

The price-to-book value (P/B) for indices on the National Stock Exchange will be calculated based on the networth of each index constituent at the consolidated level in the annual financials, NSE Indices, a subsidiary of the exchange, said in a release on Thursday. Currently, the P/B for indices are calculated by taking into consideration the … Read more

MSCI rejig on May 31: Adani Transmission, Adani Total to exit; HAL, Max Health to be included

MSCI rejig on May 31: Adani Transmission, Adani Total to exit; HAL, Max Health to be included

Shares of Adani Transmission, Adani Total Gas and Indus Towers will exit the MSCI Global Standard Index on May 31, 2023, as a part of the May rejig exercise. On the other hand, Max Healthcare Institute, Hindustan Aeronautics (HAL) and Sona BLW Precision Forgings will make an entry into the index. The exit of Adani … Read more

Which stocks will see maximum outflow and inflow? Sriram Velayudhan answers

Which stocks will see maximum outflow and inflow? Sriram Velayudhan answers

“In case of deletions, the index provider has decided to delete Adani Transmission and Adani Total Gas and Indus Towers as well. In case of Adani Group of stocks, in case of Adani Transmission, the net outflow is to the tune of 190 million dollars. In case of Adani Total Gas it is 170 million … Read more

Voda Idea’s loss widens to Rs 7,990 crore in Q3. Should you buy, sell or hold the stock?

Voda Idea’s loss widens to Rs 7,990 crore in Q3. Should you buy, sell or hold the stock?

Shares of debt-ridden Vodafone Idea (Vi) fell nearly 3% to Rs 7.51 in Thursday’s intraday trade on BSE after the telecom operator’s consolidated net loss for the quarter ended December 2022 widened to Rs 7,990 crore from Rs 7231 crore a year ago, and Rs 7,596 crore a quarter ago. However, its consolidated revenue increased … Read more

MSCI index rejig today: These 4 stocks likely in limelight ahead of rebalancing

MSCI index rejig today: These 4 stocks likely in limelight ahead of rebalancing

MSCI Inc will announce the results of the quarterly review of its global standard indices later Thursday. The proposed changes will come into effect as of the close of February 28. Dalal Street will have its eyes glued to it given that several foreign investors use the MSCI indices as a gauge to invest in … Read more

People in Maharashtra may face telecom connectivity issues if lockdown is imposed: TAIPA

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People in Maharashtra may face problems in telecom connectivity if a lockdown is imposed in the state due to infrastructure companies facing inconvenience from local authorities in rolling out and maintaining networks, industry body TAIPA said on Thursday. Maharashtra has seen a sudden spike in COVID-19 cases and there were 31,855 fresh cases recorded in … Read more

Bharti Infratel-Indus Towers merger offers limited synergy savings: Analysts

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New Delhi: The merger of tower company Bharti Infratel with Indus Towers will offer limited synergies in operating expenditure due to limited overlap in operations, brokerage analysts say. “Given the limited overlap in the operations of Bharti Infratel and Indus Towers, synergies from the merger are likely to be limited to savings on administrative overheads,” … Read more