At multi-year highs: These 6 stocks witness 5-year swing high breakout – On a high

At multi-year highs: These 6 stocks witness 5-year swing high breakout – On a high

In the Nifty200 pack, we have collated a list of six stocks that witnessed a 5-year swing high at the close on April 17, suggesting bullishness in counters, according to stockedge.com’s technical scan data. A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a … Read more

PL Capital predicts Nifty bull case target at 27,590, flags 23 SMID, largecap stocks as high conviction picks

PL Capital predicts Nifty bull case target at 27,590, flags 23 SMID, largecap stocks as high conviction picks

Even as macroeconomic uncertainty and global trade tensions cloud near-term market sentiment, leading brokerage Prabhudas Lilladher Capital (PL Capital) remains optimistic about the long-term prospects of Indian equities. In its latest market outlook, the brokerage has outlined a bull case target of 27,590 for the Nifty. It projects a potential upside scenario if valuations revert … Read more

Crude oil-sensitive stocks fall as brent surges over $81 per barrel; HPCL, IndiGo, Kansai Nerolac drop up to 6%

Crude oil-sensitive stocks fall as brent surges over  per barrel; HPCL, IndiGo, Kansai Nerolac drop up to 6%

Crude-sensitive stocks, including oil marketers, paint, tyre manufacturers, and airlines, fell on Monday, January 13, as Brent oil prices surged past $81 per barrel. The rise follows expectations that new U.S. sanctions on Russia will impact crude supplies to China and India. Oil prices reached their highest level in over three months, driven by concerns … Read more

Block deals worth over Rs 8,228 crore this week; TCS, ICICI Bank, Power Grid lead the action

Block deals worth over Rs 8,228 crore this week; TCS, ICICI Bank, Power Grid lead the action

While the Nifty ended the week with a 1.6% gain, over Rs 8,228 crore worth of block deals were executed across large, mid, and small-cap stocks, marking significant market activity, which included both buying and selling action. Large-cap block deals In the large-cap segment, Torrent Pharma led the action, recording block deals worth Rs 3,207 … Read more

Indigo Q1 Results preview: PAT may decline by up to 28% YoY on weak load factor, Delhi T1 crisis

Indigo Q1 Results preview: PAT may decline by up to 28% YoY on weak load factor, Delhi T1 crisis

India’s largest airline by market share, InterGlobe Aviation is expected to report a sharp decline in its year-on-year net profit for the three-month period ended June 30, 2024. The profit after tax (PAT) is seen in the range between Rs 2,135 crore – Rs 2,430 crore for April-June according to estimates by a couple of … Read more

InterGlobe Aviation shares rally 3% after doubling Q4 profit. Brokerages increase target price up to Rs 5,192

InterGlobe Aviation shares rally 3% after doubling Q4 profit. Brokerages increase target price up to Rs 5,192

Shares of InterGlobe Aviation, which operates IndiGo Airlines, rose nearly 3% in Friday’s trade on BSE to its new 52-week high of Rs 4,520 after the company’s PAT more than doubled to Rs 1,895 crore in Q4. Revenue from operations increased 26% year-on-year (YoY) to Rs 17,825 crore in the reporting quarter while the airline’s … Read more

Pieter Elbers explains what is driving up IndiGo profitability and double-digit capacity guidance for FY25

Pieter Elbers explains what is driving up IndiGo profitability and double-digit capacity guidance for FY25

Pieter Elbers, Chief Executive Officer, InterGlobe Aviation, says IndiGo is in a unique position globally, to have more than 50 planes being delivered on a yearly basis. So, every week a new plane comes in, which helps them to address the issue of grounded aircraft. IndiGo has taken some additional damp leases, extended some existing … Read more

Hot Stocks: Brokerage view on Indigo, HDFC Bank, Godrej Consumer and Dr Lal PathLabs

Hot Stocks: Brokerage view on Indigo, HDFC Bank, Godrej Consumer and Dr Lal PathLabs

Brokerage firm Kotak Institutional Equities upgraded Dr. Lal PathLabs, Investec maintained a buy rating on Godrej Consumer, CLSA maintained an outperform rating on HDFC Bank and Jefferies upgraded InterGlobe Aviation to hold. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Kotak Institutional Equities on Dr Lal PathLabs: … Read more

Chock-a-Block: Rs 55,000 crore mega stock deals & counting

Chock-a-Block: Rs 55,000 crore mega stock deals & counting

Mumbai: The frequency and size of block deals in India are keeping pace with the recent surge in India’s equity indices as promoters, private equity majors and global investment funds execute billions of dollars of negotiated trades in public stock. So far in March, shares worth more than ₹55,000 crore – the highest ever in … Read more