Key indices Sensex and Nifty50 opened lower, impacted by banking stocks and persistent foreign selling, with Sensex down 331 points.
Posts in category Economic Times
These 5 F&O stocks saw a high increase in futures open interest (30-10-2024)
As of October 29, four stocks in the NSE F&O pack saw over a 10% increase in futures open interest, indicating growing participation and expanding positions in the futures market.
Hot stocks: Brokerage view on Marico, Maruti, CONCOR and Cipla (30-10-2024)
UBS has maintained a buy rating on Maruti, lowering the target price to Rs 14,800 despite Q2 results missing expectations. Improved demand and margins led to this decision. Meanwhile, JPMorgan holds a neutral stance on Container Corporation with a target price of Rs 1,000. Although growth was sluggish, cost reductions boosted margins, while volume growth of 6% YoY fell short of guidance.
Buy Sun Pharma, target price Rs 2,280: Motilal Oswal Financial Services (30-10-2024)
Motilal Oswal Financial Services has recommended a buy on Sun Pharma with a target price of Rs 2,280, citing ongoing efforts in product addition, differentiated clinical development, and branded generics. Sun Pharma reported a 9.29% YoY increase in consolidated total income for Q2 2024 and a net profit of Rs 3030.67 crore. Promoters hold 54.48% stake.
F&O Radar| Deploy Bull Call Spread in Nifty for gains from potential upmove (30-10-2024)
Nifty index opened flat, initially fell but found support at 24,150, and pulled back near 24,500. It formed a bullish candle yet did not surpass 24,500. Further movement hinges on holding above 24,500 with potential targets of 24,600 and 24,750, while supports lie at 24,350 and 24,150.
Bullish Momentum: SBI among 3 stocks with White Marubozu Pattern (30-10-2024)
On October 29, three Nifty50 stocks appeared in the “White Marubozu” bullish scanner, indicating strong buying pressure, with opening prices as lows and closing prices as highs, signaling potential upward momentum.
At multi-year highs: These 3 stocks witness 5-year swing high breakout (30-10-2024)
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe
Reduce HPCL, target price Rs 340: HDFC Securities (30-10-2024)
HDFC Securities has recommended a reduce call on Hindustan Petroleum Corporation Ltd. with a target price of Rs 340. The current market price is Rs 377.85. Key risks include lower auto-fuel marketing margins, reduced refining margins, and elevated debt levels due to high capital expenditure. Promoters hold 54.9%, FIIs 14.11%, and DIIs 21.56%.
Maruti Suzuki shares in focus after Q2 profit misses estimates. Should you invest? (30-10-2024)
Maruti Suzuki’s shares are under scrutiny following a 17% drop in standalone net profit to Rs 3,069 crore for the September quarter, missing estimates. Revenue rose marginally to Rs 37,203 crore but also fell short of expectations. Analysts have mixed views: UBS maintains a ‘Buy’ rating, while Investec has a ‘Hold’ rating, citing concerns over margin pressures and shifting consumer preferences.