Foreign investors have pulled out Rs 31,575 crore from the country’s equity markets so far this month, in the wake of turbulence emanating from sweeping tariffs imposed by the US on most nations, including India. This came following a net investment of Rs 30,927 crore in the six trading sessions from March 21 to March … Read more
After the market climbed walls of worries posed by two wars, a slowing global economy and higher for longer interest rates in Samvat 2079, market insiders expect strong earnings and a healthy economic outlook to support gains in Samvat 2080. The Hindu accounting year began with an upgrade from global brokerage Goldman Sachs which said … Read more
Vinit Bolinjkar, Head-Equity Research, Ventura Securities, says RBL is definitely a stock to buy. So, irrespective of Mahindra putting money into this stock, we had a buy on this stock at Rs 130 with a target of Rs 260. Today, we are sitting around 210-220 odd levels still a way to go and our estimates … Read more
The initial public offer (IPO) of high-end computing solutions (HCS) provider Netweb Technologies opened for public subscription on Monday. The IPO, which closes on July 19, comprises a fresh equity issue of Rs 206 crore and an offer for sale (OFS) of 8.5 million equity shares. Most analysts advise investors to subscribe to the IPO … Read more
Notwithstanding the recent correction, Maruti Suzuki India (MSIL) shares are in a strong uptrend and trading above most of their simple moving averages. The stock has a potential upside of 14% or over Rs 1,300 per share based on the current chart structure along with robust fundamentals. MSIL shares rallied 7% or nearly 650 points … Read more
Max Healthcare, part of the hospital space, hit a fresh record high earlier this week in May 2023 but failed to hold on to the momentum, but the technical chart suggests that the rally may not be over yet, suggest experts. Medium-term traders can look to buy the stock now or on dips towards Rs … Read more
Xpro India, part of the packaging industry, gave multibagger returns in the last 3 years and the chart pattern suggests that bulls are likely to take the stock to fresh record highs in the next 6 months, suggest experts. The stock price rose more than 6000% in the last 3 years, but it did witness … Read more
Ador Welding, part of the industrial product space, has rallied by about 10% in a month, and technical suggests that the stock price will surpass September 2022 high and hit a fresh record highs above Rs 1,000 in the next 6 months, suggest experts. Ador Welding stock price which is part of the S&P BSE … Read more
“Not factoring in any international events that are very disruptive, the indices are seen to move up higher next week,” says Vinit Bolinjkar, Ventura Securities. Does it feel that the market is out of the slumber for sure and now we are headed for 18,000 or higher levels? There are a couple of things which … Read more
KDDL, part of the gems & jewellery space, has rallied by about 300% in the last 3 years but recent momentum helped the stock to break out of the range and hit a fresh record high. The stock rose from Rs 1,051 as on 31 January 2023 to hit a fresh record high of Rs … Read more