Tata Communications has staged a decisive breakout, signaling a potential structural uptrend. According to Rupak De, Senior Technical Analyst at LKP Securities, the stock looks poised for a medium-term rally with a target of Rs 2,300 over the next 9–12 months, while Rs 1,700 remains a key support level. Edited excerpts from a chat: Notwithstanding … Read more
Amid improving profitability and strong revenue growth, a clutch of India’s internet-focused stocks have shed the tag of being just great business models without earnings. An analysis of the Nifty India Internet index shows eight stocks delivering double-digit returns of up to 80% when India’s headline index Nifty has slipped 1.4%. Leading the rally is … Read more
After a volatile start to the week, the Nifty index has shown signs of recovery, trading flat at 24,840 on Friday. Market experts point to technical cues suggesting a possible upward momentum in the near term. CA Rudramurthy BV, a seasoned market analyst, highlighted the shift in market patterns over recent sessions. “Last week on … Read more
“If I was to pick something within the new-age companies, I definitely would go with Swiggy or Eternal or Policybazaar and not Nykaa,” says Hemang Jani, Independent Market Expert.What is it that you are making of the market structure? I guess, all things in control at least when it comes to the macro data points, … Read more
The Indian market is likely to trade higher on Thursday, tracking positive global cues. The Nifty future closed positively with gains of 0.71% at 25,250 levels on Wednesday. India VIX fell by nearly 5% to close at 12.97 in the previous session. On the options front, the maximum Call OI is placed at 25,300 and … Read more
Shares of FSN E-Commerce Ventures, the parent company of Nykaa, are likely to be in focus on Monday after the company reported a 193% year-on-year (YoY) jump in consolidated profit after tax (PAT) to Rs 20 crore in Q4FY25, compared to Rs 7 crore in the same quarter last year. The profit is attributable to … Read more
The Indian market is likely to trade higher on Wednesday, tracking positive global cues. The Nifty50 closed 378 points higher at 23,739 on Tuesday. India VIX, the market’s fear gauge, edged lower by 2.33% to 14.02 in the previous trading session. The index has breached both the 50-day and 200-day EMAs, further cementing bullish momentum. … Read more
Shares of FSN E-Commerce Ventures rallied 5.3% today to an intraday high of Rs 176.50 on the BSE after the company announced a strong third quarter, with net revenue growth expected to be higher than the mid-twenties. “Nykaa (FSN E-Commerce Ventures Limited, along with its subsidiaries) witnessed strong performance in Q3 FY2025, with consolidated net … Read more
The stock market witnessed a slump on Tuesday, extending its correction phase with the Sensex dropping over 800 points and the Nifty shedding 200 points. This decline reduced the market capitalisation of BSE-listed companies by Rs 5.76 lakh crore, bringing it down to Rs 436.78 lakh crore. However, there are some key stocks that will … Read more
“If you have such a frothy valuation 120 times, market is very unrelenting and that is why we have seen this kind of a strong cut. Yes, I do agree, it should be a good time to start accumulating. I would not say go out and buy at one shot, but it is a good … Read more