In the Nifty200 pack, five stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on October 18, according to stockedge.com’s technical scan data.
Posts in category Economic Times
How to trade Nifty Bank in earnings season. Anand James shares outlook (21-10-2024)
Towards this end, we retain our last week’s view of 25390. Downside marker meanwhile would be at 24770, with supports below seen at 24470 and 23900.
China cuts benchmark loan prime rates by 25 bps (21-10-2024)
The one-year loan prime rate (LPR) was lowered by 25 basis points to 3.10 from 3.35%, while the five-year LPR was cut by the same margin to 3.6% from 3.85% previously.
Premium Plast IPO opens today: Check issue size, GMP, price band and other details (21-10-2024)
The SME IPO of Premium Plast opens for subscription today and will close on October 23. The company aims to raise approximately Rs 26 crore through this offering, with plans to list its shares on the NSE SME platform. This IPO consists entirely of a fresh equity sale of 53.46 lakh shares.
HDFC Bank has more re-rating potential than ICICI Bank: Santanu Chakrabarti, BNP Paribas (21-10-2024)
Headline inflation in India also remains fairly benign with persistent inflation pockets like vegetable prices unlikely to be materially influenced by monetary policy. All in all, we see a high likelihood that a cut is coming.
Buy L&T Technology Services, target price Rs 5,862: Choice Equity Broking (21-10-2024)
Choice Equity Broking recommends buying L&T Technology Services with a target of Rs 5,862. The current price of the stock is Rs 5,135.8. LTTS aims for $2 billion revenue with a 17-18% EBIT margin in the medium term. Promoters hold 73.69% stake, while FIIs own 4.35% and DIIs 13.72% in the company.
Deepak Builders IPO: Should you subscribe to this issue? (21-10-2024)
Deepak Builders & Engineers’ IPO opens today with a fresh equity sale of Rs 217 crore and an OFS of 21 lakh shares. The IPO price band is Rs 192-203 per share, closing on October 23. Analysts recommend long-term investment due to fair valuations but advise caution due to geographical concentration and competition.
Waaree Energies IPO opens for subscription today. Check GMP and other key details (21-10-2024)
The IPO of Waaree Energies opens today with a fresh equity sale worth Rs 3,600 crore and an offer for sale of 48 lakh shares. The price band is Rs 1,427-1,503 per share. Analysts recommend subscribing due to the company’s market leadership in PV module manufacturing and ambitious global expansion plans in India and the US.
At multi-year highs: These 3 stocks witnessed 5-year swing high breakouts (21-10-2024)
In the NSE list of stocks with a market cap of over Rs 10,000 crore, we have collated a list of three stocks that witnessed a 5-year swing high at the close on October 21, suggesting bullishness in counters, according to stockedge.com’s technical scan data.
JM Financial shares zoom 6% after RBI lifts curbs on co’s non-banking unit (21-10-2024)
Shares of JM Financial will be closely watched after the RBI lifted a ten-month ban on its subsidiary, JM Financial Products Ltd, allowing it to resume business activities tied to funding for shares and bonds following rectification of previous regulatory violations and governance issues.