Citing rich valuation, domestic brokerage firm Kotak Securities initiated coverage on with a reduce rating with a target of Rs 1,320, an upside of 6% from the current market price of Rs 1,243. The brokerage said it likes Trent’s ability to conceptualize and scale up new formats within short periods of time. It also forecasts … Read more
The benchmark index Sensex ended higher, up about 786 points to 60,746 on Monday. During the trade, six stocks from the BSE midcap index managed to hit their new 52-week highs. The 52-week high is the highest price at which a stock has traded during the last year. Some traders and investors use this technical … Read more
Indian market started on a strong note on Tuesday tracking positive global cues. The S&P BSE Sensex rose more than 300 points while the Nifty50 also climbed above 17700 levels in the first 15 minutes of trade. Sectorally, buying was seen in auto, realty, consumer discretionary, and banks while some selling was seen in metals … Read more
Legendary investment manager Lee Freeman-Shor says all successful investors have some common traits which are instrumental to their success. Shor believes successful investors have the skill to be wrong most of the time and still make money as their performance is largely dictated by what they do after they buy a stock and how they … Read more
Recovery in the second half of 4QFY22 offset the impact of the Omicron Covid wave. While the business was impacted for 35-40 days in 4QFY22, a quick recovery was seen in the latter part of the quarter. Sales in January 2022 and in mid-February 2022 were affected by the onset of the Omicron Covid wave. … Read more
Tata Group firm recently came out with its annual report, which suggested the retailer is pursuing growth aggressively, at all cost. The stock has performed exceptionally over the last five years, delivering nearly 35 per cent returns compounded annually. A few brokerages see up to 36 per cent further upside on Trent. This is despite … Read more
The Nifty could be headed to 16,800 levels after surpassing a key hurdle of 16,400 last week, said technical and derivatives analysts. The Index gained 1.5% last week to end at 16,584.30. This week, all eyes will be on the RBI monetary policy and US inflation data. Analysts said the Nifty could go as far … Read more
Nifty futures on the Singapore Exchange traded 181 points, or 1.03 per cent lower at 17,425, signaling that Dalal Street was headed for a negative start on Friday. Here are a dozen stocks which may buzz the most in today’s trade: ONGC, Divi’s Labs, Apollo Hospitals: Oil and Natural Gas Corporation, Divis Laboratories, Apollo Hospitals, … Read more
It was the effort from the likes of Trent Boult and James Pattinson that led Rohit Sharma to flaunt that Mumbai Indians are confident they can defend any total at Indian Premier League (IPL) 2020. Rohit had the bragging rights as MI became the first team to not concede 200 or more in Sharjah, which … Read more