Page 35 - Stock Market Rally
IndusInd Bank gains 15% in one month; nears 52-week high on healthy outlook
The management introduced planning cycle - 6 (FY23-26) wherein they have guided for 18-23% YoY credit growth, mainly-driven by retail (55-60% proportion) and PPOP margins to be 5.25-5.75%.
 "IndusInd Bank gains 15% in one month; nears 52-week high on healthy outlook")
Engineers India hits over 3-year high; stock surges 45% in 7 weeks
The company is currently working on feasibility projects across multiple hydrocarbon fuels, pipeline and renewable fuels like hydrogen, ethanol and other biofuels.
 "Engineers India hits over 3-year high; stock surges 45% in 7 weeks")
Adani Green, Adani Total Gas: How to trade Adani group stks post ASM exit?
Barring Adani Transmission, Adani Green Energy and Adani Total Gas appears for a smart reversal on the charts unless key supports are breached
 "Adani Green, Adani Total Gas: How to trade Adani group stks post ASM exit?")
HDFC, Bajaj Finance: Trading strategies for Bajaj, HDFC twins
Unless major resistances are crossed, both the HDFC and Bajaj twins are likely to face selling pressure on up moves
 "HDFC, Bajaj Finance: Trading strategies for Bajaj, HDFC twins")
IHCL, Kamat: Hotel stocks at 52-week high; check out the trading strategies
Shares of Kamat Hotels India are on the course to double this year, while Royal Orchid Hotels and Oriental Hotels have both gained 30 per cent each.
 "IHCL, Kamat: Hotel stocks at 52-week high; check out the trading strategies")
BSE Midcap index nears 52-week high; outperforms Smallcap, Sensex
ABB, Alkem Lab, AU SFB, Cholamandalam Investment, Glenmark Pharma, IDFC First Bank, IGL, Indian Hotels, M&M Financial and Varun Beverages (VBL) hit their respective 52-week highs on the BSE.
 "BSE Midcap index nears 52-week high; outperforms Smallcap, Sensex")
Paytm rallies 5% as Q4 loss narrows; Goldman Sachs sets Rs 1,150 target
The company reported a net loss of Rs 168 crore for Q4FY23 as against a net loss of Rs 763 crore in the year ago quarter.
 "Paytm rallies 5% as Q4 loss narrows; Goldman Sachs sets Rs 1,150 target")
Limited downside seen in markets as over half of Nifty500 stks hold 200-DMA
Following a sharp reversal at the end of the April series, the BSE Sensex and Nifty 50 took a breather near to their respective the 200-day moving average (DMA) before offering the next leg of upside
 "Limited downside seen in markets as over half of Nifty500 stks hold 200-DMA")
Blue Star rallies 5% on 1:1 bonus plan; 3-fold jump in Q4 net
The company's net profit jumped to Rs 225 crore in Q4FY23 from Rs 76 crore a year ago, aided by profit from sale of freehold land.
 "Blue Star rallies 5% on 1:1 bonus plan; 3-fold jump in Q4 net")
29 out of Nifty 500 stocks overbought; ABB, Apar Inds signal up to 20% gain
While it is risky to be bullish on the stock trading in the overbought category, the underlying trend must to be followed at all time.
 "29 out of Nifty 500 stocks overbought; ABB, Apar Inds signal up to 20% gain")
Trading strategies for Aviation stocks amid Go First bankruptcy
Indigo shares may hit a new historic peak once it settles over Rs 2,200 level.
 "Trading strategies for Aviation stocks amid Go First bankruptcy")
Paytm, Zomato, Nykaa: Select new-age stocks may rise up to 12%
While the overall trend in the new-age companies has been negative, selective stocks are reflecting a robust comeback. If they succeed in restoring their optimistic faith, the price action may offer s
IT sell-off snaps markets' 9-day gaining streak; Infosys slumps about 10%
On Monday, however, FPIs, who have big exposure to the IT sector, sold shares worth Rs 533 crore
Infosys can slip below Rs 1,000 levels; TCS can hit Rs 2,900, charts show
Nifty IT index may fall up to 3 per cent post hitting a new 52-week low, trend turns bearish.
 "Infosys can slip below Rs 1,000 levels; TCS can hit Rs 2,900, charts show")
Renuka, EID Parry: Sugar stocks to sweeten as global prices hit 11 yr-high
Domestic sugar stocks may rally up to 25 per cent after crossing key hurdles
 "Renuka, EID Parry: Sugar stocks to sweeten as global prices hit 11 yr-high")
RIL, ONCG, OIL: Windfall tax cut may propel bullish rally of up to 15%
When a stock reaches a new definitive peak, the trend is observed to rally in the same direction in the following sessions. This could become the case for Oil & Natural Gas Corporation and Oil India.
 "RIL, ONCG, OIL: Windfall tax cut may propel bullish rally of up to 15%")
Overall breadth needs to improve for a reversal in Indian market
Over half of the Nifty 500 stocks are trading below 200-DMA, this points to a weak strength. Market breadth needs to improve if further highs are to be set
 "Overall breadth needs to improve for a reversal in Indian market")
Sensex may reclaim 62,000, Nifty 18,000 if these levels are conquered
Positive divergence may push Sensex and NIfty in a bullish trend for coming sessions, show technical charts.
 "Sensex may reclaim 62,000, Nifty 18,000 if these levels are conquered")
Manappuram, MGL: Select small-cap stocks are poised for bigger upside
Selective small-cap stocks may rally up to 22 per cent in coming months, show technical charts
 "Manappuram, MGL: Select small-cap stocks are poised for bigger upside")
BPCL, HPCL, IOC: Brent crude fall may trigger short-term rally in OMCs
BPCL, HPCL and IOC may rise up to 11 per cent in coming sessions, and if they manage to sustain their upward rally, medium-term bias may strongly shift in bull's favour.