Domestic markets sustained their upward trajectory into the new week as indices reached fresh highs on Monday. In today’s trade, shares of Bajaj Auto, SpiceJet, Jio Financial, HUL, Vedanta, ZEE among others will be in focus due to various news developments and first quarter results. Bajaj Auto, L&T Finance, Just Dial Shares of Bajaj Auto, … Read more
Companies like CDSL, IDBI Bank, IDFC, and Nestle India, among others, have declared dividends for eligible shareholders, with the record date set as July 16. Today is the last day to buy shares of these companies to qualify for the announced dividends.Dividends are paid to shareholders whose names appear in the company’s database on the … Read more
DHARMESH SHAH, HEAD OF TECHNICALS, ICICI SECURITIESWhere is Nifty headed this week?We expect Nifty to continue trade with a positive bias and gradually head towards 24,700 by July end. Higher peaks and troughs supported by market breadth signifies inherent strength (currently 86% of stocks are trading above 50-day EMAs), and the global setup continues to … Read more
Shares of PSU defence company Mazagon Dock, which ended last week 33% higher, can rally up to Rs 6,700 level before moving into a consolidation phase, says Anand James, Chief Market Strategist, Geojit Financial Services. Edited excerpts from a chat in which the analyst also reads the charts for Nifty and Nifty Bank traders. Unlock … Read more
“So, given that kind of environment, I believe that Indoco Remedies is a stock which is going very cheap, available at cheap valuations and the management is pretty well embedded in the business, they have been around for 30 years,” says Vinit Bolinjkar, Ventura Securities.A view on the pharma space in AstraZeneca, Lupin, Laurus, Zydus … Read more
“Nykaa is a stock which I always believed will perform at some stage. Now, we are coming at a stage where the company is trying to get some costs under control and we could potentially have some benefits coming to individual taxpayers to boost personal consumption, then Nykaa could actually be a performer,” says Sandip … Read more
Domestic markets exhibited positive trends throughout the past week, marking their third consecutive week of growth. In today’s trade, shares of Adani Ports, Cipla, Prestige Estates, MCX, and Lupin among others will be in focus due to various news developments. Thomas Cook IndiaThomas Cook (India) said the demand and spending in the travel industry will … Read more
Domestic indices Sensex and Nifty hit their new closing lifetime highs on Friday, following buying in market heavyweights. In today’s trade, shares of Zomato, Paytm, HAL, Som Distilleries, Adani Enterprises, TCS among others will be in focus due to various news developments. APL Apollo TubesThe National Company Law Appellate Tribunal (NCLAT) has directed the NCLT … Read more
After a hectic five days, domestic markets started the new week on a subdued note on Monday and ended slightly lower. In today’s trade, shares of IndiGo, Mphasis, IRB Infra, Raymond, BPCL among others will be in focus due to various news developments. IndiGo InterGlobe Enterprises, one of the promoters of IndiGo, is planning to … Read more
“In North America, Revlimid is the key contributor and again, speciality drugs for Zydus Lifesciences that will keep on increasing EBITDA margins towards 29-30% and also in the valuation-wise Zydus Life is not trading at much higher valuations like Sun, therefore we feel that Zydus Life is also a second stock which can see good … Read more
