Moneycontrol Buzzing Stocks
-
Edelweiss Financial tanks 13% despite clarification on investment in Kohinoor Group
The stock shed 35.4 percent in six consecutive sessions to hit Rs 93, the lowest level since December 2016, and 64 percent in last one year amid liquidity crisis and exposure to few debt laden companies
Read more... -
D-Street Buzz: Zee Ent, Vedanta jump 5% each; Infosys hits record high, IndusInd Bank drags
Nifty Midcap added 2.5 percent, the top gainers are Cholamandalam Investment, Dewan Housing Finance, Castrol India, Dish TV, Exide Industries and MM Financial Services.
Read more... -
Aviation stocks fly high as IndiGo maintains pole position in July market share, SpiceJet trails
InterGlobe and SpiceJet shot up around 60 percent each in last nine months, thanks to suspension of airline services by cash-strapped Jet Airways which resulted into higher ticket prices and stable crude oil prices.
Read more... -
DLF recovers more than 7% from day#39;s low; CLSA retains buy, sees 58% upside
Post significant deleveraging, risk profile is lower than before for DLF, CLSA said.
Read more... -
Prime Focus declines 2% as board approves sale of VFX business
The company will sell VFX business for up to Rs 270 crore, subject to approval of the shareholders.
Read more... -
Maruti Suzuki slips 2% after voluntarily recalling WagonR to rectify possible defect
The company will inspect 40,618 vehicles of WagonR (1 litre) for a possible issue of fuel hose fouling with metal clamp.
Read more... -
Tech stocks outperform Nifty, Sensex as rupee tumbles to 8-month low; Infosys, TCS rake in the most
Many technology companies export their services and earn money in dollar terms, hence any fall in rupee against greenback is always favourable to these companies.
Read more... -
Premier rises nearly 5% on final settlement with Corporation Bank
The company said it has paid Rs 31.17 crore, consisting of the principal amount, to Corporation Bank as the one-time full and final settlement
Read more... -
HDFC Bank management rejig drags Bank Nifty; PSU banks gather steam
Nifty PSU Bank added over a percent led by gains from Bank of Baroda and PNB, which jumped over 2 percent each. Bank of India, Canara Bank, IDBI Bank and Oriental Bank of Commerce were up 1 percent each.
Read more... -
Kennametal India slips 5% despite better June quarter results
The share touched its 52-week high Rs 1,275 and 52-week low Rs 750 on 25 April, 2019 and 26 October, 2018, respectively.
Read more...
MC Technicals
-
Technical View: Nifty forms Piercing pattern, follow-up buying can push index above 11K
Technical View: Nifty forms Piercing pattern, follow-up buying can push index above 11K
Traders should look for stability in the index and are advised to shift their focus on stock specific opportunities, Mazhar Mohammad advised.
-
Technical View: Nifty forms long black day pattern; 10,718 crucial
Technical View: Nifty forms long black day pattern; 10,718 crucial
Mazhar Mohammad advised that as market is approaching critical support levels short sellers should remain cautious and should give preference to book profits rather than creating fresh positional shorts.
-
Technical View: Nifty forms bearish candle; short if index breaks 10,900
Technical View: Nifty forms bearish candle; short if index breaks 10,900
Mazhar Mohammad said for time being it looks prudent on the part of traders to avoid long side bets whereas shorting can be considered if Nifty trades below 10,900 for atleast 30 minutes in next session
-
Technical View: Nifty forms bearish candle, likely to remain in 10,900-11,150 range
Technical View: Nifty forms bearish candle, likely to remain in 10,900-11,150 range
Mazhar Mohammad said traders for time being should maintain a neutral stance till directional move emerges.
-
Technical View: Nifty forms shooting star pattern, 11,150 crucial for further upside
Technical View: Nifty forms shooting star pattern, 11,150 crucial for further upside
In next trading session it is imperative for Nifty to sustain above 11,058 levels, as breach can possibly drag down the index towards 10,900 kinds of levels, Mazhar Mohammad said.
-
Short covering likely to take Nifty higher; deploy Bull Call Spread this week
Short covering likely to take Nifty higher; deploy Bull Call Spread this week
Considering excessive short accumulation in the index and options data showing intermediate support at 11000 which is likely to hold good, short-covering drive to earlier breakdown level of 11,300-11,350 is possible
-
What are bull, bear markets and how to tackle them
What are bull, bear markets and how to tackle them
In simple terms, a #39;bull market#39; is when the market moves higher and a #39;bear market#39; is when the market moves lower
-
Are you getting stopped out? Escape volatile gyrations with âOut of The Moneyâ spreads
Are you getting stopped out? Escape volatile gyrations with âOut of The Moneyâ spreads
When market forces are pushing our trade into unfavourable territory, we should devise a mechanism which could reap the benefits of favourable move when the tide turn.
-
Golden Crossover suggests buying in United Spirits â hereâs why
Golden Crossover suggests buying in United Spirits â hereâs why
We recommend buying United Spirits (McDowell) above Rs 600-604 levels with a stop loss of Rs 554 for higher targets of Rs 676.
-
Technical View: Nifty forms hammer candle on weekly scale, consolidation likely with support at 10,900
Technical View: Nifty forms hammer candle on weekly scale, consolidation likely with support at 10,900
Mazhar Mohammad said as long as the index sustains above the said low a breakout above the 28-day old descending channel can be expected which is in progress from July highs of 11,981 levels.
MC Business News
-
Hollywood on its way to â1,000 crore clubâ in India led by Avengers: End Game and The Lion King
Hollywood on its way to â1,000 crore clubâ in India led by Avengers: End Game and The Lion King
Still, the fact that the winning ratio for Hollywood releases has been on an upswing this year and the sheer quantum too is showing an upward trend means there is a lot more films from West that would be running[…]
-
Aadhaar-based KYC â Smooth on-boarding awaits MF investors
Aadhaar-based KYC â Smooth on-boarding awaits MF investors
Customers having Aadhaar can now invest in mutual funds after completing authentication online
-
Slowdown in sale of biscuits and cookies: A blip in rural consumption or premiumisation of eatables?
Slowdown in sale of biscuits and cookies: A blip in rural consumption or premiumisation of eatables?
The Rs 35,000 crore biscuit industry has several players, the top most being the Britannia and Parle, which accounts for 70 percent of the industryâs volume and revenues.
-
Gold soars 2% after Powell speech, Donald Trump tweets
Gold soars 2% after Powell speech, Donald Trump tweets
Jerome Powell#39;s speech prompted a backlash from Trump on Twitter, asking whether the Fed chair was a greater "enemy" than China#39;s leader Xi Jinping.
-
Pink slips are coming: No mercy for poor performers at India Inc
Pink slips are coming: No mercy for poor performers at India Inc
Retrenchment decisions are being made quicker as companies fight cost pressures
-
This week in Auto: FMâs measures to give auto a fillip; new launches hit headlines
This week in Auto: FMâs measures to give auto a fillip; new launches hit headlines
Hereâs a look at all the important news that made headlines during the week
-
The Moneycontrol Show âInvesting in NCDs, Direct Tax Code,Market Strategies
The Moneycontrol Show âInvesting in NCDs, Direct Tax Code,Market Strategies
Santosh Nair, Editor, Moneycontrol wraps the week#39;s market action as well as shares with us what are market expectations from Budget 2019.
-
World#39;s worst performing bank stocks; find out how many Indian lenders make the top 10
World#39;s worst performing bank stocks; find out how many Indian lenders make the top 10
The data indicated that seven Indian banks were in the global top ten as the country struggles due to an economic slowdown.
-
IndiGo founders call a truce
IndiGo founders call a truce
IndiGo co-founder Rakesh Gangwal had earlier this month said that he won#39;t sign on the changes unless the loophole was removed.
-
[email protected] | Near-term trend may be downwards
[email protected] | Near-term trend may be downwards
Nifty Bank slipped 4.5% for the week, the biggest fall seen in 11 months. Midcap index was down 3% for the week.
MC Brokerage Recos
-
Bharat Forgeâs weak result on expected lines â Valuation turning attractive for long term
Bharat Forgeâs weak result on expected lines â Valuation turning attractive for long term
NULL
-
Weekly tactical pick: NTPC
Weekly tactical pick: NTPC
Fundamentals are on the mend. Somehow, the market seems to be ignoring all that.
-
Accumulate Mahanagar Gas; target of Rs 985: Dolat Capital
Accumulate Mahanagar Gas; target of Rs 985: Dolat Capital
Dolat Capital recommended accumulate rating on Mahanagar Gas with a target price of Rs 985 in its research report dated August 21, 2019.
-
Hold Shankara Building Products; target of Rs 325: ICICI Direct
Hold Shankara Building Products; target of Rs 325: ICICI Direct
ICICI Direct recommended Hold rating on Shankara Building Products with a target price of Rs 325 in its research report dated August 20, 2019.
-
Hold Vardhman Textiles; target of Rs 990: ICICI Direct
Hold Vardhman Textiles; target of Rs 990: ICICI Direct
ICICI Direct recommended Hold rating on Vardhman Textiles with a target price of Rs 990 in its research report dated August 19, 2019.
-
Buy Bajaj Holdings and Investment; target of Rs 4150: Sharekhan
Buy Bajaj Holdings and Investment; target of Rs 4150: Sharekhan
Sharekhan is bullish on Bajaj Holdings and Investment has recommended buy rating on the stock with a target price of Rs 4150 in its research report dated August 20, 2019.
-
Hold Finolex Cables; target of Rs 412: Sharekhan
Hold Finolex Cables; target of Rs 412: Sharekhan
Sharekhan recommended Hold rating on Finolex Cables with a target price of Rs 412 in its research report dated August 21, 2019.
-
Diamonds in the Dust | Transition to a âglobal total foods companyâ to support valuations
Diamonds in the Dust | Transition to a âglobal total foods companyâ to support valuations
NULL
-
This stock could be the next Havells
This stock could be the next Havells
NULL
-
Hold NMDC; target of Rs 115: ICICI Direct
Hold NMDC; target of Rs 115: ICICI Direct
ICICI Direct recommended Hold rating on NMDC with a target price of Rs 115 in its research report dated August 16, 2019.
