With Friday's up move, Page Industries has recaptured 20 and 50 day SMA and rebounded sharply. Huge rising volumes on price rise signifies increased participation in the rally. The daily strength indicator RSI has turned bullish indicating rising strength.
Anand Rathi is bullish on IndiaMart InterMesh has recommended buy rating on the stock with a target price of Rs 5500 in its research report dated May 23, 2022.
HDFC Bank saw the most action on April 4 and was the biggest Nifty50 gainer, rising 10 percent to Rs 1,656.80 on the announcement of HDFC merger
As per the agreement, Indiamart will subscribe to Livekeeping’s 6,843 seed CCPS (Compulsorily Convertible Preference Shares) of the face value of Rs 10 each at a premium of Rs 51,138 per share, aggregating to around Rs 35 crore.
Given the growth path of IndiaMart, investors with a longer term view can accumulate the stock at lower levels
Here's what Mehul Kothari of Anand Rathi Shares & Stock Brokers, recommends what investors should do with these stocks when the market resumes trading today.
Malabar India Fund was the seller in Affle India, Hatsun Agro Product, La Opala RG, Newgen Software Technologies, and Saregama India, while Malabar Select Fund was the seller in IndiaMART InterMESH.
Competitive intensity will get higher, with some deep-pocket investors keen to get into online platform segment
Here's what Gaurav Sharma of Globe Capital Markets, recommends investors should do with these stocks when the market resumes trading today.
A further spike in online penetration from both buyers and sellers across different industries should augur well for a player like Indiamart