“If one were to go into such mechanical ways of valuation, it would be very difficult to one to say that where will we make money, but as again I go back to that, these are core holdings, these are defensive stocks, FMCG, and people are perhaps owning them for a shorter periods of time … Read more
Motilal Oswal maintains a positive outlook on PNB Housing Finance, giving it a ‘Buy’ rating with a target price of Rs 1,230, citing robust franchise expansion and an attractive risk-reward profile. Synopsis Brokerage houses have issued varied stock recommendations for PNB Housing Finance, PI Industries, and Indoco Remedies. Motilal Oswal is optimistic about PNB Housing … Read more
ICICI Securities has maintained its Hold call on Century Plyboards (India) Ltd. with a revised target price of Rs 743 (earlier Rs 766). The current market price of Century Plyboards (India) is Rs 773.05. Century Plyboards (India), incorporated in 1982, is a Mid Cap company with a market cap of Rs 17186.19 crore, operating in … Read more
“The overall biasness remains positive for Nifty and Bank Nifty as well. In case of Nifty as well if someone wants to go ahead and take a long position, they can, keeping a strict stop loss of 24,500,” says Sneha Seth, Angel One.Firstly, how do you pencil in the move for the index, once again … Read more
Indian frontline indices ended in the red on Friday, recording their second successive losses amid selling pressure in auto, bank, and FMCG stocks. The BSE Sensex fell by 588.90 points, or 0.74%, to 79,212.53, while the Nifty declined 207.35 points, or 0.86%, to end the day at 24,039.35.Commenting on the day’s action, Rupak De, Senior … Read more
“Both the daily and weekly RMI momentum indicator that we use are giving bullish signals. So, there is no doubt right now that the markets are going to weaken further,” says Rohit Srivastava, Founder, Strike Money Analytics & Indiacharts.With this new series, a lot of volatility already kicking in. There are big events lined up, … Read more
A V-shaped recovery in equity markets is likely to continue with a bullish gap on daily charts suggesting a barrier at 23,700 levels, and a decisive breakthrough above could trigger bullish sentiment, enabling Nifty to reclaim the pivotal 24,000 level, said technical analysts. Stocks such as Bajaj Finance, Bharti Airtel, Eicher Motors, Grasim, HDFC Bank, … Read more
“Things are looking little better and they seem to be little ahead of the curve. They have completed correction ahead of global market,” says Aditya Arora, Adlytick. Do you believe that the markets are also ready to make a win?Aditya Arora: Exactly. Markets are ready to win. Today morning it was a tough fight between … Read more
“Going ahead what is interesting is markets are oscillating in a falling wedge pattern and Nifty today took support at the lower end of the wedge pattern and there it is trying to post a recovery. It will be interesting to see if market actually manages to scale past the resistance levels of 22,650, 22,700,” … Read more
Indian benchmark indices BSE Sensex and Nifty ended with minor declines on Tuesday dragged by IT and bank stocks. While the 30-stock BSE Sensex finished at 78,472.87, falling by 67.30 points or 0.09%, the broader Nifty50 finished at 23,727.65, declining by 25.80 points or 0.11%. Domestic markets were closed today (Wednesday, December 25) on account … Read more