The Relative Strength Index of the stock stood at 49 on Tuesday.
Posts in category Economic Times
Deven Choksey on 2 themes to bet on in a volatile market (19-11-2024)
Market analyst Deven Choksey expresses strong optimism for India’s renewable energy sector, particularly solar and wind power generation. While bullish on EPC and distribution prospects, he advises caution regarding the high valuations of renewable energy companies. Choksey also favors the insurance sector, particularly LIC, citing its strong financials and distribution network.
Bitcoin rises above $91,000 level; Dogecoin, Chainlink jumps up to 5% (19-11-2024)
Bitcoin sees renewed buying interest after dipping to $88,700, trading at $91,400. Institutional interest and Bitcoin ETF inflows could drive prices higher. Ethereum faces support at $3,000.
DLF shares 1.89% as Nifty gains (19-11-2024)
The stock quoted a 52-week high price of Rs 967.00 and low of Rs 619.35.
ACC shares 1.51% as Sensex rises (19-11-2024)
A total of 1,768 shares changed hands on the counter till 11:46AM (IST)
If India’s growth story is so strong, why is Reliance down? Deven Choksey answers (19-11-2024)
Reliance Industries stock is facing pressure due to large investors reducing their stake. Uncertainty around the unlocking of value in Jio and Reliance Retail is also a concern. However, other large-cap stocks like Bajaj Finserv and metal companies offer good investment opportunities. Banks are expected to perform well once interest rates decrease.
Share price of Info Edge as Nifty (19-11-2024)
A total of 863 shares changed hands on the counter till 11:37AM (IST).
The “catalyst” effect in value investing (19-11-2024)
Value investing involves identifying undervalued companies, but the key lies in recognizing the catalysts that can unlock their true potential. These catalysts, ranging from internal restructuring to external market shifts, act as triggers, propelling the discounted price towards its intrinsic value and helping investors avoid value traps.
Share price of GAIL as Sensex gains 1040.34 points (19-11-2024)
A total of 114,258 shares changed hands on the counter till 11:32AM (IST)
China jitters, earnings drag Europe’s STOXX 600 down 2% to three-month low (12-11-2024)
European stocks experienced their sharpest decline in months, driven by anxieties surrounding U.S.-China relations under the incoming Trump administration. Concerns over potential trade tariffs, particularly impacting China’s fragile economy, fueled the sell-off. Downbeat earnings reports from companies like Bayer and Brenntag further exacerbated the market downturn.