George Thomas, Equity Fund Manager, Quantum AMC, says incrementally, things should look better from where we are today. We are more positioned towards IT largecap names which would benefit in large end-to-end integration deals. Some of the IT mid and smallcap stocks have been factoring too much of positive news and valuations are slightly on … Read more
The Indian market is set to trade higher on Friday, tracking positive global cues. The Nifty futures closed positively with gains of 0.85%, reaching 26,220 on Thursday. The volatility index, India VIX, cooled by 7.12%, settling at 11.84, indicating a decrease in market volatility. On the options front, the maximum Call Open Interest (OI) is … Read more
Multibaggers Kfin Technologies and Computer Age Management Services (CAMS) are in a sweet spot, notwithstanding the stellar rally in the stocks in the last one year. The duopolistic nature of their business as Registrar and Transfer Agencies (RTAs) along with the booming domestic mutual fund growth story, discounts the current rich valuations and a potential … Read more
Indian Railway Finance Corporation Share Price 155.9 09:33 AM | 26 Sep 2024 -1.04(-0.67%) Suzlon Energy Share Price 82.58 09:33 AM | 26 Sep 2024 -0.38(-0.46%) Indian Renewable Energy Development Agency Share Price 219.57 09:33 AM | 26 Sep 2024 -3.91(-1.75%) Tata Motors Share Price 973.85 09:33 AM | 26 Sep 2024 10.25(1.07%) YES Bank … Read more
The Indian market is likely to consolidate on Wednesday, tracking muted global cues. The Nifty futures closed positively with gains of 0.15% at 25,956 levels on Tuesday. On the options front, the maximum Call open interest (OI) is placed at the 27,000 strike, followed by the 26,500 strike, while the maximum Put OI is at … Read more
The Indian market is expected to trade higher on Tuesday, tracking positive global cues. The Nifty futures closed positively, gaining 0.57% at 25,915 levels on Monday. The India VIX rose by 7.78%, closing at 13.78. On the options front, the maximum Call OI is at the 27,000 strike, followed by the 26,000 strike, while the … Read more
Stating future growth prospects and profitability improvements, domestic brokerage firm JM Financial has reiterated its ‘Buy’ rating on Nykaa and revised its target price to Rs 250, suggesting an upside potential of 15% from the previous day’s closing price of Rs 217. The revision is driven by Nykaa’s robust performance in FY24 and its strategic … Read more
The Indian market is likely to consolidate on Tuesday, tracking mixed global cues. On Monday, the Nifty futures closed positively with gains of 0.77%, reaching 25,045 levels. The India VIX increased by 1.33%, rising from 13.50 to 13.73. In the options market, the maximum Call Open Interest (OI) is at 26,000 strikes, followed by 25,500 … Read more
Indian market is expected to trade higher on Tuesday tracking positive global cues. The Nifty future closed flat at 24,590 levels on Monday. India VIX was down by 0.61% from 14.40 to 14.32 levels. On the options front, the maximum Call OI is placed at 25,000 and then towards 24,600 strikes while the maximum Put … Read more
Brokerage firm Systematix has initiated coverage on Patanjali Foods with a ‘Buy’ rating and a target price of Rs 2,259. This represents an upside potential of 24% from the previous closing price of Rs 1,828.50 per share. In its coverage initiation, Systematix highlighted Patanjali Foods’ aggressive palm oil plantation plan within its edible oils business. … Read more
