Last calendar year was a rough year for Indian metal stocks, and all the hopes that 2023 will bring some respite for the beaten-down sector are down in the doldrums as of now. In CY23, the Nifty Metal index recorded a decline of roughly 15%, making it the second worst performer, with Nifty Media leading … Read more
It is better not to be very bullish on IT stocks at this stage because there is uncertainty and delay in decision making. US financials are a big segment for many of these companies and they are suffering. It is tough to build a bull case although the stocks have underperformed significantly, says Sandip Sabharwal, … Read more
, part of the metal sector, rose by nearly 20% in the last 3 months which helped the stock to break out from a range since May 2022 on the weekly charts. The stock largely moved in a range where Rs 320 acted as a stiff resistance on the upside while on the downside 200-WMA … Read more
Shares of rallied over 5% to RS 118.95 in Monday’s trade on BSE after global brokerage firm Jefferies turned positive on Indian metals stocks. Global brokerage Jefferies upgraded its hold rating on Tata Steel to a buy rating with a target price of Rs 150, implying an upside potential of 28% from the current market … Read more
Shares of metal companies such as , , and rallied up to 8% amid reports that Indian steel mills are eyeing price hikes in January on the back of improved global cues and the firming up of international prices. Shares of , , , , and also rose over 3%. At 1.13 pm, shares of … Read more
New Delhi: As the result season for the first quarter of the financial year 2022-23 approaches, foreign brokers have turned cautious over Indian equity markets. Goldman Sachs initiated coverage on Delhivery with a neutral rating while Jefferies maintained a bearish view on metal stocks. Goldman Sachs set a target price of Rs 540 on Delhivery … Read more
“As of now a patch of consolidation is more of a sector churn. But bias remains extremely bullish on the indices,” says independent market analyst Kunal Bothra The week was taken over by IT thanks to all those big results like Infosys, Wipro, TCS, Mindtree, HCL Tech. Going forward in the new week, what are … Read more
NEW DELHI: While on one hand the boom in commodities is causing a rip-roaring rally in metal stocks, it is giving a new headache in the other part of the market. Read about the effects of rising input inflation, Saurabh Mukherjea‘s interview, Michael Price’s contrarian view on markets, and more in this week’s edition of … Read more
NEW DELHI: Ace investor Rakesh Jhunjhunwala, who recently reduced his stake in Titan, says cyclical stocks and the most battered smallcaps and midcaps will outperform favoured blue chips like HDFC and Titan over the next 4-5 years. “If you look at the valuations of cement stocks and metal stocks, and if you look at the … Read more
According to Chandan Taparia, technical analyst at Motilal Oswal Financial Services, the major trend of the stock is positive as it has been making higher top-higher bottom along with buying interest in the entire metal space. Synopsis Shares have rallied 72% in the last one month and 166% in the last three months to close … Read more