Page 39 - Stock Market Rally

Midcap index nears record high; Varun Beverages, Cummins climb new peaks

The midcap index hit an intra-day high of 26,705.56, was less than 2% away from its record high level of 27,246.34, touched on October 19, 2021.

Midcaps to outdo benchmarks in setting historic peak; 50% flash leadership

if the Nifty Midcap index succeeds to absorb selling pressure emerging at current level of 33,000 mark, the probability of breaking out over the previous historic peak of 33,245 becomes more plausible

ITC hits new high, up for the 5th straight day; soars 32% so far in 2023

Analysts raised their cigarette volumes growth estimate for FY24E considering market share gains from illicit cigarettes as well as strong growth in high price cigarettes.

Dreamfolks hits record high; rallies 16% in two days on healthy Q4 results

The stock hit a record high of Rs 592.15 in intra-day today, and was trading 82 per cent higher against its issue price of Rs 326 per share.

Ceat hits new summit; zooms over 46% so far this May on strong Q4 results

The management is hopeful that the coming quarters will see further uptick in growth, as commodity prices remain stable, and the global inflation slows down.

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%.

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.

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

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

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.

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.

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.

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

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.

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.

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.

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.

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