FINANCIAL MARKETS ANALYSIS
Stock Radar: 100% rally in a year! This pharma company takes support above 50-EMA; time to buy the dip?
Piramal Pharma's stock, after reaching record highs, experienced profit-taking but is showing signs of a bullish comeback. Experts suggest buying the stock, citing its rebound from the 50-day EMA and strong trading volume, with a potential target of Rs 280-286 in the coming weeks.
Are Indian households overleveraged in the equity market?
Reserve Bank of India has released new data revealing a surge in Indian household financial assets, driven by significant growth in equity investments. Despite this, household debt has also doubled since 2019, raising questions about the impact of this financial wealth on consumer spending.
Fed's rate cuts to trigger a $2 trillion exodus from money-market funds, where will the money go? Here's what Apollo's Torsten Slok says
US Fed rate cuts were implemented a couple of weeks ago, and that helped put recession fears at bay. However, the rate cuts have the potential of triggering a multi-trillion dollar exodus at the money market. says an Apollo chief economist. But, where will all of this money go?
Hot Stocks: Brokerage sees 18-20% in Paytm & Eicher Motors; Investec sees over 50% upside in Adani Energy
Investec has initiated coverage on Adani Energy with a "Buy" recommendation, citing significant opportunities in the transmission and smart metering segments
Daily Trading Desk: 2 trades for short-term gains; a mid-cap bank for over 9% surge, a mid-cap financial services stock for 8% gain
Select stocks gain momentum even in volatile markets.
Ahead of Market: 10 things that will decide D-Street action on Thursday
The Indian benchmark Nifty 50 ended a seven-day losing streak, driven by gains in HDFC Bank and Mahindra & Mahindra. The market saw a short-term relief rally after slipping into correction territory. Despite the rise, analysts remained cautious, highlighting potential volatility and resistance levels.
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Rupee rises 2 paise to 84.40 against US dollar in early trade
The Indian rupee saw a slight rise against the US dollar, reaching 84.40 in early trade due to recovering domestic equity markets and a weaker dollar. However, significant foreign fund outflows and rising crude oil prices limited the rupee's gains.
Daily Trading Desk: 2 trades for short-term gains; a financial services firm and a mid-cap logistics stock, both for a gain of 7%
Select stocks gain momentum even in volatile markets.
Capex companies will face a longer winter than consumer companies: Ajay Srivastava
Ajay Srivastava, CEO of Dimensions Corporate, believes that while the Indian market has faced difficulties, a reversal is underway. He sees positive signs in retail sales, particularly in sectors like two-wheelers, appliances, hotels, and aviation. However, he cautions that capex companies may experience a slower recovery due to limited government spending.
December rate cut could spark market revival: Chakri Lokapriya
?So, both are similar sized companies. They have similar market share. Only the thing is Swiggy is likely less profitable. So, the valuation differential could be made up. So, clearly one can buy Swiggy at current levels.
Stock Radar: Coforge making higher lows for past 6 months; hits fresh record high in November; time to buy?
Coforge Ltd's stock has been soaring, hitting higher highs and lows since May. Experts suggest the rally might continue, with a potential target of Rs 8,450 in the coming weeks. The stock's strength is evident in its consistent upward trend and ability to bounce back from dips.
Ahead of Market: 10 things that will decide D-Street action on Monday
The Nifty index has formed a Doji candle near its 200-day exponential moving average (DEMA) support at 23,540, indicating uncertainty. Immediate support is at 23,500-23,540, with a break below 23,500 potentially targeting 23,300-23,200. While the short-term trend is down, a pullback rally remains possible if Nifty holds above 23,500, according to Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.
Markets weak; caution advised amid potential rebound and selling pressure
The market is currently in a weak undercurrent, with a potential for a technical rebound. However, sustained selling pressure cannot be ruled out. The market breadth remains weak, and leveraged exposures should be curtailed. A cautious approach is advised for the coming week.
Morgan Stanley sees 31% upside in Zomato, believes QC might surprise
Morgan Stanley increased its target price for Zomato to Rs 355, indicating a 31.7% upside. The brokerage firm remains bullish on Zomato due to its strong execution in food delivery and quick commerce, deep balance sheet, and potential for a large profit pool by 2030.
SEBI study: 1 out of 4 times listed companies paid royalty exceeding 20% of their net profits to related parties
A Sebi study found that Indian listed companies paid royalty to related parties exceeding 20% of net profits once in four times. In half the cases, royalty payments exceeded dividends paid to non-related shareholders. 1,538 instances of royalty payments within 5% of turnover were observed, with 1,353 made by profitable companies and 185 by loss-making ones.
Apollo Tyres shares jump 3% after Q2 net profit falls 37% YoY. What should investors do?
Apollo Tyres' shares rose 3% despite a 37% drop in Q2 profit to Rs 297 crore, attributed to weak demand in India and rising raw material costs. While European operations showed growth, the Indian market suffered from a slowdown in the commercial vehicle segment. Analysts maintain optimistic outlooks, citing potential for pricing improvements and robust European performance.
F&O Stock Strategy: How to trade Siemens and Ramco Cements
Indian equity indices opened lower due to a rise in October retail inflation, dampening hopes of a rate cut. Analyst Sudeep Shah recommends selling Siemens stock due to a bearish flag breakdown and accumulating Ramco Cement stock due to a trendline breakout.
BSE shares tumble over 3% even as Q2 profit skyrockets 193% YoY to Rs 346 crore
BSE's share price dropped 3.5% despite a 193% surge in Q2 net profit, reaching Rs 346 crore. Revenue also saw a significant rise of 138%, hitting Rs 746.3 crore. While analysts acknowledge the strong performance driven by derivatives and increased market share, some remain cautious, suggesting a 'Hold' rating for the stock.
Information versus Insight: Shaping fund analysis and market dynamics
As the gap between information and true insight widens, stock market swings will become increasingly intense, with each peak fueled by growing fervor. Enthusiasm will build as more voices join in, until, abruptly, the momentum fades¡ªleaving many holding the ball in sudden silence.
Swiggy IPO subscribed 3.59 times on final day of bidding; check GMP and key details
Swiggy launched its IPO with a reduced valuation of $11.3 billion, down from its initial target of approximately $15 billion. Through this issuance, the company aims to raise around Rs 11,300 crore, which includes a fresh equity sale of Rs 4,499 crore and an offer for sale (OFS) of 17,50,87,963 equity shares.
Dr Reddy's Labs shares up 3% after Q2 results. What should investors do?
Dr. Reddy's Labs reported a 15% decline in Q2 net profit, despite a 17% rise in revenue driven by global generics. While analysts acknowledge the strong revenue momentum, opinions are divided on the stock's future prospects, with ratings ranging from 'Buy' to 'Sell'.
Ahead of Market: 10 things that will decide stock action on Wednesday
Indian equity indices rebounded on Tuesday, driven by investor interest in undervalued financial stocks ahead of the U.S. election. The Nifty 50 rose 0.91%, and Sensex gained 0.88%. Analysts see potential for a bullish reversal, with buy-on-dips strategies recommended.
Trump or Kamala Harris? Get ready for a nail-biting week: Charu Chanana
With the US elections underway, early ballots indicate a tight race between Kamala Harris and Donald Trump. Markets had been betting on a Trump victory, but recent shifts in traditionally Republican states suggest growing support for Harris. Financial markets may react differently depending on the election outcome, influencing the US dollar and sector-specific stocks.
Big movers on D-Street: What should investors do with Tata Power, Dabur India and L&T?
Sensex and Nifty fell, influenced by banking and financial stocks amid weak global market trends. Tata Power saw a breakdown below 430, suggesting further decline. Dabur India hit a major support zone at 530, indicating a potential rise. L&T's breakdown below 3430 points to a bearish trend.
Tech view: Move above 24,700 likely to signal upside in Nifty. How to trade tomorrow
A small negative candle was formed on the daily chart at the new swing lows of 24,341 with minor upper and lower shadows. Technically, this pattern indicates the formation of a Doji-type candle pattern (not a classical one). The short-term trend of the Nifty remains negative. But the present pattern formation is signaling a possibility of an upside bounce from here or from slightly lower levels.
Nifty looks oversold, may pull back to 25,500: Analysts
As both indices have reached near monthly support levels, along with current oversold positions, traders can expect a bounce from the current level. Nifty may bounce toward the 25,250-25,500 level and Bank Nifty to 52,200-52,800 in the coming days.
Nifty faces key levels; cautious approach advised for the week ahead
The Nifty remained range-bound in the past week, with a minor weekly loss of 50.35 points (-0.20%). Volatility also tapered down, with the India VIX falling 6.42% to 13.22. The trading range narrowed to 539.70 points. The coming weeks are crucial for the markets due to the discontinuation of weekly contracts for NIFTY Bank and FINNIFTY starting November 20.
What should long term investors do in current market scenario? Daljeet Kohli answers
?Good part is that in terms of our portfolio, we were already positioned towards things which were at reasonable valuation. So, we have avoided PSUs, railways, defence, those kind of stocks. We do not own in our portfolio for quite some time now.
Big movers on D-Street: What should investors do with M&M Financial, DMart and Vedanta?
Domestic markets declined nearly 1% amid West Asia tensions and FII outflows, affecting stocks like M&M Financial, Angel One, and Vedanta. Analysts suggest M&M Financial and DMart show bearish patterns, while Vedanta demonstrates a bullish trend with potential for further gains.
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