Gautam Shah optimistic on market recovery; sees Nifty reaching 28,400 in 18 months
I think so and you will be amazed to know that in the last 25 years, we track data all the way back from 2000, January is known for its challenging times, it is known for its market tops.
Stocks to buy today: Indiamart, Tata Communication and Newgen Software
Benchmark Sensex sees a significant decline due to global tariff war concerns and foreign fund outflows, with specific focus on stocks Indiamart, Tata Communication, and Newgen Software. Analysts suggest strategic buying at dips, indicating potential long-term growth despite current market volatility.
Q3 results today: HDFC Bank, HUL among 50 companies to announce earnings
Around 50 companies, including HDFC Bank, HUL, Tata Communications, and Hudco, are set to announce their Q3 earnings. HDFC Bank is expected to report a 7-8.4% YoY growth in net interest income, while HUL’s growth may be muted due to weaker demand and input cost inflation. Key metrics to watch include HDFC’s deposits and HUL’s […]
Death Crossovers: These 4 stocks signal bearishness on Jan 22
In the NSE list of stocks, four stocks with a market cap of over Rs 10,000 crore are witnessing Death Crossovers, according to stockedge.com’s technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term […]
Indian Hotels shares tumble 4% after company posts Q3 profit at Rs 633 crore
Indian Hotels shares: Tata Group-backed IHCL shares fell 3.9% to Rs 782.20 despite reporting a 33% rise in quarterly profit to Rs 633 crore and a 29% increase in revenue to Rs 2,592 crore. CEO Puneet Chhatwal highlighted plans for 700 hotels by 2030 and remained optimistic about sector growth.
RBL Bank shares skid 6% after Q3 net profit plummets 86% YoY to Rs 33 crore
RBL Bank shares dropped by 5.9% due to an 86% YoY decline in net profit for the December quarter, mainly from microloan issues. Core net interest income rose slightly, but net interest margin fell. CEO Subramaniakumar noted improvements in collection efficiency and expected recovery in microfinance and credit card segments over the coming quarters.
IREDA shares rise 1.1% as board announces meeting date for fund raise via QIP
IREDA shares rose by 1.1% to Rs 209.50 on news of a board meeting set for January 23, 2025, to approve fund-raising via Qualified Institutional Placement (QIP). IREDA announced a 27% YoY net profit increase to Rs 425.38 crore in Q3 FY25, with a 35.6% rise in revenue. Analysts give a ‘Hold’ recommendation with a […]
Kotak Mahindra Bank’s positive results signal potential for a broader market recovery: Sandip Sabharwal
So, overall, we have seen stress on the balance sheets for private sector as well as public sector banks. But they are manageable vis-a-vis what we saw in previous cycles and that is the positive part of it.
Positive Breakout: These 3 stocks cross above their 200 DMAs
In the Nifty200 pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on January 17, according to stockedge.com’s technical scan data.
Barflex Polyfilms IPO listing today. Check GMP ahead of debut
Shares of Barflex Polyfilms are set to debut on the NSE SME platform with a 21% premium over the issue price, supported by strong investor response. Funds from the IPO will be utilized for capital expenditure and business expansion, aiming for significant growth in the flexible packaging materials sector.