Technical charts suggest the short-term trend of Nifty is likely to be range-bound with a weak bias. A move below the immediate support of 23,250 could indicate the beginning of a shortterm downward correction, according to technical analysts. For short-term trading, analysts recommend stocks such as SBI, IDFC First Bank, Granules, Infosys, HCL Tech, M&M … Read more
Indian market is likely to trade higher on Monday tracking positive global cues. The Nifty future closed positive with gains of 0.32% at 22126 levels on Friday. India VIX was up by 3.20% from 12.88 to 13.46 levels. Volatility rose during the week but is comparatively still at lower levels. On the options front, the … Read more
Leading multiplex chain PVR Inox has reported a consolidated net profit of Rs 166 crore for the quarter ended September 2023. The company had posted a loss of Rs 71 crore in the year-ago period. Revenue from operations during the quarter jumped 191% to Rs 2,000 crore against Rs 686 crore in the same quarter … Read more
Notwithstanding the June quarter net losses, PVR Inox shares opened with 3% gains on the NSE as a couple of top brokerages continued to trust PVR’s growth story and its box office success. Hong Kong-based CLSA recommended a ‘Buy’ on the stock betting on a strong line-up of movies for the period ahead. Domestic brokerage … Read more