IEX is currently in a short-term downtrend, trading at Rs 198.97 after pulling back from higher levels. The stock has formed an inverted flag and pole pattern on the daily chart, indicating a potential breakdown and downside risk.
Posts in category Economic Times
Hot Stocks: Brokerages on Trent, Nykaa, M&M, Tata Motors and Godrej Properties (08-10-2024)
Brokerages have varied ratings on key stocks. Morgan Stanley maintains an overweight call on Nykaa and Trent, citing strong beauty growth. CLSA upgraded M&M to outperform, expecting SUV market share gains and tractor segment resilience. UBS retains a sell on Tata Motors due to China market challenges, while BofA holds a neutral view on Godrej Properties, expecting solid Q2 metrics.
ETMarkets Smart Talk: Sachin Shah on India’s role in ‘China +1’ and ‘Europe +1’ strategies in global supply chains (08-10-2024)
Global purchasing managers have been seeking to de-risk procurement from China for many years. They have been working on this, but post-COVID and due to recent geopolitical challenges, this trend has accelerated.
Stocks to buy or sell today: Infosys, Tata Motors among top 7 trading ideas for October 8, 2024 (08-10-2024)
The Indian market is expected to rebound on Tuesday, following positive global cues. Nifty futures closed down 0.67% at 25,005 on Monday. Options data shows maximum Call OI at 27,000 and 26,000, and maximum Put OI at 24,000 and 24,500. Analysts suggest a broader trading range between 24,400 and 25,400, with immediate resistance at 24,950.
Tata Motors shares slip 3% as JLR production slumps 7%, retail sales down 3% in Q2 (08-10-2024)
Tata Motors Share Price: Tata Motors’ shares fell by 3% after Jaguar Land Rover posted a 3% drop in retail sales for Q2 FY25. Production in Q2 FY25 also declined by 7% due to aluminum supply disruptions. Despite these setbacks, Tata Motors expects production to improve in the second half of the fiscal year.
Shiv Texchem IPO opens: Check GMP, price band, and other details (08-10-2024)
The SME IPO of Shiv Texchem opens today and closes on October 10, aiming to raise Rs 101 crore through a fresh equity sale of 61.05 lakh shares. The company plans to list on the BSE SME platform. Key details about the offer are provided to help investors make informed decisions before subscribing.
Garuda Construction IPO opens for subscription today. Should you bid or skip? (08-10-2024)
The IPO of Garuda Construction and Engineering opens today, running until October 10. The company raised Rs 75 crore from anchor investors ahead of the launch. The IPO comprises a fresh equity sale worth Rs 173 crore and an OFS of Rs 90 crore. Allocation includes 50% for institutional buyers, 35% for retail, and 15% for non-institutional investors.