Moneycontrol Buzzing Stocks
-
GainersLosers: 10 stocks that moved the most on October 26
All sectoral indices ended in the red, with the Nifty auto and metal indices shedding more than 3 percent each. The BSE midcap and smallcap indices fell 0.9-1.8 percent.
Read more... -
Sunil Singhania#39;s Abakkus makes fresh buying in 3 stocks, ups stake in 7 in September quarter
Abakkus Growth Fund-1 reduced stake in Balrampur Chini Mills and Ugro Capital.
Read more... -
Muthoot Finance to raise Rs 2,000 crore through secured NCDs; shares trade in the red
The company has announced its 23rd series of public issue of secured redeemable non-convertible debentures (NCDs) of the face value of Rs 1,000 each.
Read more... -
JSW Steel share price slips over 4% post Q2 numbers; Credit Suisse downgrades
The company consolidated net profit fell 37.1 percent YoY at Rs 1,595 crore against Rs 2,536 crore in the same quarter last year.
Read more... -
Alembic Pharma share price slips 2% despite FDA nod for glaucoma drug
Alembic has a total of 134 ANDA approvals (117 final and 17 tentative) from the US drug regulator.
Read more... -
IndusInd share price rises as bank denies merger reports
The promoter has positively intervened to support and improve the financial position of the bank and would continue to support its initiatives to grow inorganically, the bank said in a BSE filing.
Read more... -
D-Street Buzz: Metal stocks trade lower - JSPL, Tata Steel, Hindalco down 2-3%; CLSA retains sell on JSW Steel
The metal index was down over a percent dragged by JSW Steel and Jindal SteelPower which shed 3 percent each followed by Hindustan Zinc, Tata Steel and Welspun Corp.
Read more... -
Aurobindo Pharma share price rises 4% as subsidiary sells business assets
Jefferies served as the sole financial adviser and SullivanCromwell LLP acted as legal counsel to Aurobindo.
Read more... -
Arbitrator puts Reliance Retail-Future deal on hold, RIL share price trades lower
The share touched its 52-week high Rs 2,368.80 and 52-week low Rs 867.45 on September 16, 2020 and March 23, 2020, respectively.
Read more... -
Yes Bank share price gains after bank reports profit of Rs 129 crore in Q2
The private sector lender reported profit at Rs 129.4 crore for September ended quarter 2020, against loss of Rs 600 crore in year-ago period.
Read more...
MC Technicals
-
Technical View: Nifty forms large bearish candle, may breach 11,661
Technical View: Nifty forms large bearish candle, may breach 11,661
Positional traders should short rallies in the 11,790â11,850 zone and look for a bigger target of 11,520 with a stop above 11,900 on a closing basis.
-
Fibonacci ratio of 61.8% suggests buying opportunity in ITC
Fibonacci ratio of 61.8% suggests buying opportunity in ITC
ITC traded higher in the previous week and the uptrend is likely to continue; Rs 160 should be considered the stoploss level on a closing basis, says Shabbir Kayyumi of Narnolia Financial Advisors. rnrn.
-
Deploy modified Put butterfly strategy in Bank Nifty: Shubham Agarwal
Deploy modified Put butterfly strategy in Bank Nifty: Shubham Agarwal
With the upcoming weekly expiry also being the monthly expiry, looks like the excessive writing was missing on an aggregate basis pushing the overall OIPCR a tad bit up last week.
-
Nifty may form new all-time high next week; 3 stock to bet on for 6-17% return in short-term
Nifty may form new all-time high next week; 3 stock to bet on for 6-17% return in short-term
Nifty is trading above all important moving averages 20/50/200 DMA indicating price action is in favour of bulls.
-
Initiate a Bull Call Spread as Bank Nifty may see upmove towards 25,000
Initiate a Bull Call Spread as Bank Nifty may see upmove towards 25,000
The maximum profit of 190 points could be gained if the Bank Nifty expires at or above 25,000.
-
FO data set-up: Supply pressure at higher zones could restrict Nifty upside momentum with high volatility
FO data set-up: Supply pressure at higher zones could restrict Nifty upside momentum with high volatility
Moving forward, Nifty has to hold above 11,820 levels to witness an upmove towards 12,100 while on the downside, key support exists at 11,777-11,750 zones.
-
Ratio Spreads: One of the best option trades if handled with care: Shubham Agarwal
Ratio Spreads: One of the best option trades if handled with care: Shubham Agarwal
Ratio Spreads would give a lot of advantage against the peril of Time Value Decay. The stop loss would be minuscule and over passage of time would outperform single Call.
-
Decisive move above 12,000-12,100 essential for Nifty to regain momentum: YES Securities
Decisive move above 12,000-12,100 essential for Nifty to regain momentum: YES Securities
11,800-11,750 are likely to act as an immediate floor for Nifty50.
-
These 3 stocks likely to outperform Nifty, fetch 9-14% return in short term
These 3 stocks likely to outperform Nifty, fetch 9-14% return in short term
The Nifty can continue trading in the 11,790-12,018 range with a positive bias and a level of 12,180 can be expected if the range breaks on the upside.
-
Technical View: Nifty forms Spinning Top pattern on weekly charts, consolidation seen till index holds 11,900
Technical View: Nifty forms Spinning Top pattern on weekly charts, consolidation seen till index holds 11,900
Mazhar Mohammad of Chartviewindia.in advised traders to remain neutral on long side whereas intraday traders can short below 11,900 and look for a modest target of 11,830.
MC Business News
-
NTPC board to consider buyback of equity shares on November 2
NTPC board to consider buyback of equity shares on November 2
In October, NTPC had filed an application with the Securities and Exchange Board of India (Sebi) to seek exemption from the strict enforcement of the buyback norms.
-
BP eyes India#39;s fuel market, wants gas in GST: CEO Bernard Looney
BP eyes India#39;s fuel market, wants gas in GST: CEO Bernard Looney
On the impact of COVID-19 on oil demand, Looney said it was too early to say what the true impact was but there would be some impact in the medium to long term.
-
Another cricketing racket busted by Delhi Police, five held
Another cricketing racket busted by Delhi Police, five held
One laptop, nine mobile phones, Rs 21,000 in cash were retrieved from the accused
-
OPEC chief says rising infections may delay oil recovery
OPEC chief says rising infections may delay oil recovery
OPEC#39;s Mohammad Barkindo, asked at the virtual India Energy Forum by CERAWeek if the second wave of the virus required any changes to OPECstrategy, said hopes earlier this year of a demand rebound had been disappointed.
-
Corporate roundup: Bajaj Auto launches upgraded version of CT100 motorcycle
Corporate roundup: Bajaj Auto launches upgraded version of CT100 motorcycle
Bajaj Auto has launched a more #39;Kadak#39; version of its CT100 motorcycle this festive season with its proven DTSi engine and with addition of eight new kadak features, the company said in a release.
-
Copper futures slip 0.93% to Rs 540.05 per kg on firm dollar and surging coronavirus cases
Copper futures slip 0.93% to Rs 540.05 per kg on firm dollar and surging coronavirus cases
In the futures market, copper for October delivery touched an intraday high of Rs 546 per kg and a low of Rs 540.10 per kg on the MCX. Surging coronavirus cases have paused a rally in copper.
-
RuPay card users can avail up to 65% discount on various purchases: NPCI
RuPay card users can avail up to 65% discount on various purchases: NPCI
The #39;RuPay Festive Carnival#39; will provide compelling benefits and attractive discounts to RuPay users, aimed at encouraging safe, contactless and cashless payments, NPCI said in a release.
-
Wall Street opens lower as virus cases surge, stimulus doubts weigh
Wall Street opens lower as virus cases surge, stimulus doubts weigh
The Dow Jones Industrial Average fell 149.75 points, or 0.53 percent, at the open to 28,185.82.
-
Govt procures 151.17 lakh tonne paddy at MSP for Rs 28,543 crore so far this season
Govt procures 151.17 lakh tonne paddy at MSP for Rs 28,543 crore so far this season
Paddy procurement for kharif 2020-21 is progressing smoothly in Punjab, Haryana, Uttar Pradesh, Tamil Nadu and Kerala with purchase of over 151.17 lakh tonne up to October 25 against 125.05 lakh tonnes in the corresponding period of last year.
-
OnePlus Nord N10 5G and OnePlus Nord N100 announced: Check price, specifications
OnePlus Nord N10 5G and OnePlus Nord N100 announced: Check price, specifications
The two OnePlus Nord devices will be arriving in Europe next month and will launch in the US at a later date
MC Brokerage Recos
-
Buy Subros; target of Rs 310: HDFC Securities
Buy Subros; target of Rs 310: HDFC Securities
HDFC Securities is bullish on Subros has recommended buy rating on the stock with a target price of Rs 310 in its research report dated October 24, 2020.
-
Buy Mphasis; target of Rs 1655: HDFC Securities
Buy Mphasis; target of Rs 1655: HDFC Securities
HDFC Securities is bullish on Mphasis has recommended buy rating on the stock with a target price of Rs 1655 in its research report dated October 23, 2020.
-
Buy Tech Mahindra; target of Rs 940: HDFC Securities
Buy Tech Mahindra; target of Rs 940: HDFC Securities
HDFC Securities is bullish on Tech Mahindra has recommended buy rating on the stock with a target price of Rs 940 in its research report dated October 23, 2020.
-
Buy Atul; target of Rs 7500: Anand Rathi
Buy Atul; target of Rs 7500: Anand Rathi
Anand Rathi is bullish on Atul has recommended buy rating on the stock with a target price of Rs 7500 in its research report dated October 25, 2020.
-
Buy Polycab, India; target of Rs 1228: Anand Rathi
Buy Polycab, India; target of Rs 1228: Anand Rathi
Anand Rathi is bullish on Polycab, India has recommended buy rating on the stock with a target price of Rs 1228 in its research report dated October 25, 2020.
-
Reduce Nestle India; target of Rs 14,080: HDFC Securities
Reduce Nestle India; target of Rs 14,080: HDFC Securities
HDFC Securities recommended reduce rating on Nestle India with a target price of Rs 14,080 in its research report dated October 23, 2020.
-
Hold Ambuja Cement; target of Rs 262: Arihant Capital
Hold Ambuja Cement; target of Rs 262: Arihant Capital
Arihant Capital recommended hold rating on Ambuja Cement with a target price of Rs 262 in its research report dated October 26, 2020.
-
Buy Sterlite Technologies; target of Rs 191: KRChoksey
Buy Sterlite Technologies; target of Rs 191: KRChoksey
KRChoksey is bullish on Sterlite Technologies has recommended buy rating on the stock with a target price of Rs 191 in its research report dated October 23, 2020.
-
Buy Bajaj Finserv; target of Rs 8203: KRChoksey
Buy Bajaj Finserv; target of Rs 8203: KRChoksey
KRChoksey is bullish on Bajaj Finserv has recommended buy rating on the stock with a target price of Rs 8203 in its research report dated October 23, 2020.
-
Accumulate Colgate Palmolive (India); target of Rs 1622: KRChoksey
Accumulate Colgate Palmolive (India); target of Rs 1622: KRChoksey
KRChoksey recommended accumulate rating on Colgate Palmolive (India) with a target price of Rs 1622 in its research report dated October 23, 2020.
