Bullish Momentum: 7 stocks with White Marubozu Pattern (21-10-2024)
On October 18, seven stocks with market cap over Rs 1000 crore came to the bullish scanner of “White Marubozu”, according to stockedge.com’s technical scan data.
Hyundai’s India IPO harks back to another era (21-10-2024)
Hyundai Motor India Ltd.’s $3.3 billion IPO is India’s largest and may set a precedent for multinational listings, similar to Colgate-Palmolive’s 1977 IPO. Other firms like LG Electronics and Coca-Cola are considering similar moves, driven by India’s attractive valuations and robust investor base.
Dalmia Bharat stock in focus after Q2 profit slumps 60% on weak pricing (21-10-2024)
Shares of Dalmia Bharat are expected to be in the spotlight on Monday following a significant 60% decline in profit for the September quarter. The company’s net profit fell to Rs 49 crore, impacted by weak cement prices, despite an 8% increase in cement sales, totaling 6.7 million tonnes. Revenue from operations also dropped by over 2% to Rs 3,087 crore.
Buy Larsen & Toubro, target price Rs 4,250: Motilal Oswal Financial Services (21-10-2024)
Motilal Oswal Financial Services recommends buying Larsen & Toubro with a target price of Rs 4,250. The company’s current market price is Rs 3576.25. Despite recent underperformance, factors like strong order book and expected revival of domestic order inflows support this call. Key risks include order inflow slowdown and increased competition.
Positive Breakout: These 5 stocks close cross above their 200 DMA (21-10-2024)
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.
Godrej Properties acquires land for residential project in Vastrapur, Ahmedabad (21-10-2024)
Godrej Properties announced that it has acquired ~3 acres of land in Vastrapur, Ahmedabad.
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.