Depending on the circumstances, promoter pledge of shares could either be read as a sign of great conviction or an act of desperation.
From metals to textiles and some consumer-facing stocks, the list names stocks of companies that reported good earnings
MindTree reversed after forming a Double Bottom pattern around Rs 440 and rose to 2-week high.
At CMP of Rs.496, the stock is trading at PE of 20.5x its FY18E EPS & 17x its FY19E EPS. We are initiating our coverage on Finolex Cables Limited with “BUY” recommendation and target price of 640 per share
The benchmark indices started the week on a bullish note on positive global cues, however midway it lost its momentum and started consolidating amidst mixed global cues and inflation data released by the RBI
According to bulk deal data available with BSE, Xenok offloaded 1,10,79,700 shares, amounting to 4.14 percent stake, in MFSL
Earlier in the day, HDFC Bank had surpassed TCS to become the country's second most valued firm.
It was a week of consolidation as Nifty moved in a narrow range of just 50 points, which is really a tiresome thing for the traders preferring index specific trades.
NIFTY’s key support levels of 9,800 held during the week. CNX Midcap and Small caps outperformed headline indices with gains of 3% and 4.2% respectively for the week. India VIX declined by 7.1% for the week to close at sub 12 levels. Among the sectors Realty, Metals and Autos gained by 5.1%, 3.8% and 2.4% respectively for the week. Energy, FMCG and Pharma sectors ended positive by around 2%.
Driven by a 12% volume CAGR anticipated over FY17-19, we expect its utilisation to improve to 74% in FY19 (vs. 61% in FY17) on no new capacity except for the 1.5m-2m tons due to de-bottlenecking.
Here's what happened in the pharma space this week.
The move comes after the SAT, last week, stayed trading restrictions imposed on the company which figured in a list of 331 "suspected shell companies" referred by the government to Sebi.
COLPAL has retraced marginal from its record high and found support near to medium term moving average on daily chart. Also, it has formed a fresh buying pivot and looks all set for fresh surge ahead. Traders are advised to initiate fresh longs in the given range.
We like the company on the back of its turnaround and multiple growth drivers. Additionally, the relatively undemanding valuation is an additional draw.
The regulator has placed trading curbs on 331 stocks of firms suspected to be shell companies. Of these, 162 are actively traded.
Seven of the top-10 most valued Indian firms together added Rs 40,799.71 crore in market valuation last week, led by RIL that emerged as the biggest gainer
Another tough past week for pharmaceutical stocks, many have sunk on weak Q1 results due to destocking of channel on account of GST rollout and US pricing pressures
The stock brokers were required to submit data about their respective clients' funds on a weekly basis.
The board of directors of the bank will meet next month to consider the proposal, the bank said in a regulatory filing.
This also marks the sixth consecutive monthly rise in the mutual funds' exposure to bank stocks.
FMCG major Unilever's volume in India for the first half of this year was 'flat in aggregate' on account of destocking of trade partners due to migration to new tax regime GST and economic crisis in Brazil.
According to the block deal data available with BSE, Macquarie Bank offloaded 11.25 lakh shares, or 0.24 percent stake, in the Aditya Birla Group firm.
BSE would shift as many as 28 stocks, including Shriram Asset Management Company and Sahara One Media & Entertainment, to the trade-for-trade segment represented by 'T', 'XT' or 'ST' groups.
A probe conducted by Sebi found that Prime Broking was holding 8.75 per cent stake in Aanjaneya Lifecare on behalf of its three clients -- Kannan Vishwanath, CSA Holdings and CLT Investments for more than two quarters