Posts in category Economic Times
F&O stocks: DLF, Exide Industries among 5 stocks with short buildup (29-04-2024)
In Monday's trading session, the following five stocks witnessed a build of fresh short positions. Let us first understand how this conclusion is reached that whether the stock has seen a buildup of fresh short position or not.
Nifty options radar: Deploy Bull Call spread amid election uncertainty (29-04-2024)
Nifty options radar suggests a Bull Call spread during election uncertainty. Trading within 22,700 - 22,400 range. Shrey Jain recommends a strategy with max loss at Rs 826 and potential profit up to Rs 4,174. Positive trend indicated by MACD Index and MA levels.
Govt to take decision on Hindustan Zinc OFS after testing market: Mines Secretary (29-04-2024)
The government is committed to offloading its stake in Vedanta group firm Hindustan Zinc through offer for sale (OFS) and will take the decision on this after testing the market, mines secretary V L Kantha Rao said on Monday. The government, the largest minority shareholder in Hindustan Zinc, owns a 29.54 per cent stake in the company.
KPIT Tech shares surge 7% after PAT grows 47% in Q4 (29-04-2024)
KPIT Technologies shares surged 7% to Rs 1,520 on BSE after reporting a 47.3% YoY profit growth in Q4FY24, reaching Rs 164.4 crore. Revenue rose to Rs 13,178 crore, a 29% increase from the previous year. EBITDA margin stood at 20.7%, up 160 bps YoY.
MCX shares drop 6% after Sebi’s regulatory fee directive (29-04-2024)
MCX received a letter from Sebi asking the exchange to pay regulatory fees on option basis notional turnover and not premium turnover. The market also instructed the exchange to pay the differential regulatory fee for past periods with an applicable interest of 15% per annum for every delayed month.
No significant election impact on equity markets; Nifty to hit 30,000-35,000 by 2027: FidelFolio (29-04-2024)
According to the equity advisory firm, apart from a few exceptions the Nifty indices have often demonstrated an upward trajectory around elections. Despite the difficulties and volatility during the previous 30 years, Nifty has provided a CAGR return of 13% when examining market returns.
2 top stock recommendations from Aditya Arora (29-04-2024)
So, I think around May it is going to be very important time zone for the market, so I am playing tactically over here being bullish on the largecaps and being bearish on the smallcaps and midcaps.
H1 will see strong bookings and drive growth momentum in subsequent quarters: C Vijayakumar, HCL Tech (29-04-2024)
HCL Tech's leadership foresees strong growth momentum post Q4, with FY25 challenges mirroring FY24. Emphasis on deal impacts, margin strategies, and transparency in deal metrics for sustained growth. Prateek Aggaewal says: " 18-19% margin band has been very steady over the last three years. In FY23, we had given the same guidance; FY24 was the same guidance, and we delivered in the 18.2% for both those years as well and we are just carrying that forward."
ICICI Bank shares breach Rs 8 lakh crore market cap, propel Nifty Bank to fresh lifetime high (29-04-2024)
ICICI Bank, India's second-largest private lender, saw its market capitalization (m-cap) exceed the 8 lakh crore mark as its shares surged to a new 52-week high. The buying action also propelled Nifty Bank to a new record high.
SBI Cards shares drop 4% after March quarter results. Should you buy, sell or hold? (29-04-2024)
Shares of SBI Cards and Payment Services dropped 4% to the day’s low of Rs 718 on Monday after the company released its Q4 results on Friday wherein an 11% year-on-year (YoY) rise in profit after tax to Rs 662 crore for the quarter ended March 2024 was reported.