)
Deepak Korgaonkar boasts of an impressive 25-year experience on tracking and writing market stories based on extensive research and analysis of stocks/ sectors. He also specialises in reporting real-time stock market trends and impact stories. He holds a postgraduate degree from Mumbai University.
Deepak Korgaonkar boasts of an impressive 25-year experience on tracking and writing market stories based on extensive research and analysis of stocks/ sectors. He also specialises in reporting real-time stock market trends and impact stories. He holds a postgraduate degree from Mumbai University.
The stock has now dipped for the third day in a row, falling around 4 per cent during this period and wiping off nearly Rs 53,000 crore in market capitalisation
Adani Green Energy (Rs 1,115.85), Adani Transmission (Rs 1,297.65), Adani Total Gas (Rs 1,321) and Adani Power (Rs 120.60) were locked in 5 per cent upper circuit on the BSE
The stock of the Mumbai-based Central Bank was locked in the upper circuit at Rs 24.30 on the back of an over 2x jump in trading volumes. A combined 88.5 million shares changed hands
CLSA initiated coverage on Nazara Tech with a Sell rating and target price of Rs 1,095, citing hefty premium valuation
The recent optimism at the bourses stems from the hope that consumers will resort to 'revenge buying' once the lockdown condition is lifted following the second wave of Covid infections receding
The stock hit a record high of Rs 1,484.10, surpassing its previous high of Rs 1,480 touched on April 12, 2021
NSDL has already clarified that the accounts of three foreign funds - holding nearly Rs 43,000 crore worth of Adani group shares - are 'active' and not frozen
Adani Group clarified that the demat accounts of three foreign funds-Albula Investment Fund, Cresta Fund and APMS Investment Fund holding shares in group Companies are not frozen.
Bank stocks such as HDFC Bank, State Bank of India (SBI), RBL Bank, Bandhan Bank and Punjab National Bank slipped nearly 1 per cent each
Lupin rose 4 per cent to Rs 1,258.70 on the BSE in intra-day trade on Wednesday, a level that was last seen in May 2017
Analysts remain cautious on cigarettes and hotels businesses in the medium term. On the techncial charts, the stock is in the process of forming an 'Island Reversal Pattern'
Shares of Reliance Industries are up more than 9 per cent over two days to Rs 2,160.45
Jefferies maintains 'buy' rating on the stock with price target of Rs 2,580 per share.
Analysts say the hike in DAP subsidy will have a positive rub-off on fertiliser and agri-input companies
New-age businesses are doing well as compared to the traditional sectors and the optimism is getting reflected in their stock prices, analysts say
Shares of several firms rally between 15% and 20%
A large part of this rally is attributed to the economic recovery over the past few months, which analysts feel will directly benefit small and mid-sized companies
In FY21, the S&P BSE Sensex and Nifty50 have rallied 68 per cent and 71 per cent, respectively
Analysts believe that given Nazara Technologies' stock has surged nearly 100 per cent over the issue price, investors can partially book profit and can add more at a later stage once it corrects
Though there can be an intermittent correction, stock selection will be key, they say