As per the options data, the support and resistance levels for Nifty has shifted lower compared to last week and the immediate support is seen around 11,200 and 11,000 levels whereas 11,500 will act as a strong hurdle in September expiry.
Credit Suisse in a report downgraded Bank of Baroda to underperform from outperform and reduced its target price to Rs 120 from Rs 184 earlier as synergy benefits in PSUs are difficult to extract.
Indian market bottomed out in October 2008 and has since then rallied over 400 percent while there are many stocks which have given 10,000-50,000% returns
Traders can accumulate the stock in a range of Rs 4,150-Rs 4,200 for the upside target of Rs 4,500 level with a stop loss below Rs 3,950, says Shitij Gandhi of SMC Global Securities.
The long-term rating of IL&FS' Rs 5,225 crore non-convertible debenture programme and the Rs 350 crore term loans has been cut to 'BB' from 'AA+'.
Strong capex by Power Grid Corporation of India, state electricity boards and railways will continue to drive power growth in transmission and distribution
The S&P BSE Sensex managed to reclaim 38,000 marks in the week gone by but there are over 60 stocks which hit a fresh 52-weeks low in the S&P BSE Small-cap index and just 26 stocks hit a 52-week high is a sign of caution.
For the market, the expert sees earnings to set the tone going ahead, the pace of this recovery is likely to be a gradual one.
Rakesh Jhunjhunwala has over 11 percent stake in Aptech, followed by VIP Industries, Dewan Housing Finance, Escorts, and Titan Company.
We advise traders to use any technical bounce to go short in the given range Rs 405-407 for target of Rs 382, says Jayant Manglik of Religare Broking.
As many as 28 out of Nifty50 stocks added to Nifty50 market capitalisation while the remaining 22 stocks witnessed selling pressure in 2018.
From the mid-cap space, only four stocks managed to climb above 50 percent each in the same period
Now we are expecting a positive return in FY19. The stock is already bottomed out and its weekly chart looks highly promising. We are recommending a buy for the medium term, says Sumit Bilgaiyan of Equity99.
The momentum is still on the upside but investors are advised to tread with caution. Crucial support for the Nifty is placed at 11,500, with resistance around 11,600-11,640 levels
If investors plan to shortlist stocks for their portfolio based on what LIC’s investment methodology then they should ideally keep long investment horizons, experts suggest.
The stock can be bought at current level and on dips to Rs 610 with a stop loss below Rs 590 and a target of Rs 710 levels, says Ashish Chaturmohta of Sanctum Wealth Management.
June quarter earnings were relatively better as analysts saw good performance from consumption themes, among others.
We believe L&T Tech is one of the better placed company with significant exposure to this market providing better growth prospects for the company. We initiate our coverage on L&T Technology Services with a buy rating and a target of Rs 1,940 per share, says a report by Anand Rathi.
Morgan Stanley is Overweight on Grasim with a target price at Rs 1,329 per share as outlook for the VSF business remains constructive.
The company believes the new business segments will allow management to increase focus on newly developed products that offer environmental benefits to its customers as well as those that are servicing the needs of certain high growth areas.
We recommend Investors to accumulate on dips with target price of Rs 400, upside 37 percent expected on medium to long term long term investment horizon, says Prashanth Tapse of Mehta Group.
We recommend Investors to accumulate on dips with Target price of Rs 160, upside 84 percent expected on medium to long term long term investment horizon, says Prashanth Tapse of Mehta Group.
We expect the company would go debt free in next 2-3 years, hence stocks looks attractive at current levels with Target price of Rs 600, upside 40 percent, says Prashanth Tapse of Mehta Group.
We have collated a list of 20 stocks which rose 20-100% from July till August 9 after falling up to 70 percent in the first six months of 2018.
The 200-day daily moving average (DMA) is considered one of the most important indicators by traders and chartists to determine the long term trend of a stock or an index.