The average market capitalisation cut-off for a stock to make it to the largecap category in the upcoming Amfi semi-annual categorisation is expected to be Rs 84,000 crore compared to an average of Rs 67,000 crore in the six months ending December 2023, Nuvama said in a note. Meanwhile, the midcap threshold is likely to … Read more
Various widely tracked companies like Reliance Industries, Jio Financial Services, HDFC Bank, Asian Paints, LTIMindtree, IndusInd Bank, Polycab India, HUL, UltraTech Cement, ICICI Bank, and Kotak Mahindra Bank will be releasing their December quarter report cards this week. Here’s a list: January 15Jio Financial Services, Angel One, PCBL, Choice, International, Kesoram Industries, Fedbank Financial Services, … Read more
Brokerage firm InCred upgraded Infosys to an ADD post Q3 results, Morgan Stanley also upgraded TCS to overweight post Q3 results, Axis Capital maintained an ADD rating on Polycab and Jefferies has a buy rating on Macrotech Developers. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: InCred … Read more
Polycab India Ltd, part of the cable maker, rose by about 50% in the last 3 months and the chart pattern suggests that the rally may not be over yet, suggest experts. Short to medium-term traders can look to buy the stock for a target of Rs 5650 in the next 1-2 months, they say. … Read more
Coal India Share Price 247.80 04:02 PM | 04 Sep 2023 10.90(4.60%) Wipro Share Price 434.10 04:02 PM | 04 Sep 2023 17.75(4.26%) HCL Technologies Share Price 1232.50 04:02 PM | 04 Sep 2023 46.70(3.94%) UltraTech Cement Share Price 8582.55 03:59 PM | 04 Sep 2023 320.15(3.87%) Tata Steel Share Price 131.75 04:02 PM | … Read more
Polycab India, part of the wire and cable industry, rallied by more than 40% in just 3 months which pushed the stock to fresh record highs last month and also registered a breakout from a ‘flag’ pattern on the daily charts. Short-term traders can look to buy the stock for a target above Rs 5,000 … Read more
Equity markets witnessed a broad-based rally during the week, supported by robust macro data and sustained foreign inflows. During the week, as many as 68 smallcap stocks delivered double-digit weekly returns with four of them offering over 25% returns. DCM Shriram Industries was the top gainer in the smallcap pack with a nearly 32% return, … Read more
Boosted by positive Q1 earnings by some counters and strong global cues, Indian equities rallied to fresh record highs for yet another session on Thursday. Nifty ended shy of 20,000 levels. Nonetheless, Friday’s session may be influenced by Infosys earnings wherein the IT behemoth sharply slashed its revenue guidance for FY24. Here’s how analysts read … Read more
The Indian market closed higher for the sixth consecutive day on Thursday. The S&P BSE Sensex rose nearly 500 points, while the Nifty50 inched closer to the 20,000 mark. Sectorally, buying was seen in FMCG, banks, healthcare, and energy stocks while some profit-taking was seen in IT, power, and capital goods stocks. Stocks that were … Read more
Brokerage firm Goldman Sachs maintained a buy rating on IndusInd Bank, HSBC initiated coverage on Titagarh Wagons with a buy rating, Jefferies recommended a buy on Polycab and CLSA maintained a buy rating on ICICI Lombard. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Goldman Sachs on … Read more