Shivangi Sarda, Manager Research Analyst, Motilal Oswal Financial Services, says Maruti has been the top gainer today and good buying is seen in this stock. RSI is showing a positive divergence and this stock has moved after a consolidation of the last five months. Rs 13,800 is the next target for Maruti with the support … Read more
Junior Nifty or the Nifty Next 50 has outperformed its smallcap and midcap index peers delivering 67% returns over one year, led by a solid performance across the board with seven multibaggers and 39 other stocks giving double-digit returns. Meanwhile, Nifty Smallcap 100 and Nifty Midcap 100, which are among the most tracked broader market … Read more
The Nifty50 pared gains after hitting fresh record highs on Tuesday in intraday trade. The S&P BSE Sensex fell nearly 200 points while the Nifty50 closed in the red after hitting a record high of 22,783. Sectorally, buying was seen in power, realty, and auto while energy, oil & gas, healthcare, and IT stocks saw … Read more
Fashion and lifestyle player Trent on Monday reported a multifold jump in consolidated net profit at Rs 712 crore for the quarter ended March 31, 2024. The profit stood at Rs 45 crore in the corresponding quarter last fiscal. The company reported a revenue of Rs 3,298 crore, up 51% year-on-year (YoY) from Rs 2,183 … Read more
Trent shares jumped nearly 4% in Thursday’s trade to fresh 52-week high of Rs 3,737.50 on strong December quarter earnings and target upgrades by a clutch of brokerages including Jefferies, Morgan Stanley and Nuvama. While earnings remain strong quarter-on-quarter, Jefferies flagged current valuations. The stock has extended its gains to 23% in two sessions. Fashion … Read more
