Chart Check: Breakout from symmetrical triangle pattern makes Godrej Consumer Products an attractive buy
Godrej Consumer Products, part of the personal care space, managed to buck the trend and hit a fresh 52-week high earlier in March 2023 and technical setup suggests that the upside may not be over yet. The stock price of Godrej Consumer Products hit a fresh 52-week high of Rs 963 on 20th March 2023….
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nifty it stocks to buy: Top Nifty IT stocks analysts suggest buying this week
Synopsis With expectation of depreciation in rupee and given the fact that interest rates are unlikely to soften any time soon. IT stocks may be back in the limelight. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk…
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midcap stocks to buy: 5 midcap stocks that beat volatile markets have an upside potential of up to 32%, according to analysts
Synopsis On the face of it, to many it might appear that the stock market has gotten into correction recently. However, the fact is that a large part of the stock market has been in bearish territory since November 2021. A look at market breadth will show that the number of mid caps which have…
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RIL: Brokerages bullish on RIL, expect stock to gain up to 38%
Mumbai: Brokerages including CLSA, JPMorgan, Kotak Institutional Equities and Jefferies have reiterated their ‘buy’ or ‘overweight’ ratings on Reliance Industries in the past few days on the grounds that the recent decline in the stock price has made valuations cheaper. Their target prices on the stock range between ₹2,900 and ₹3,100, implying an upside of…
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AMCs reopen international plans to investors
Domestic mutual fund houses have resumed accepting lump-sum contributions to their international equity plans after the latest Finance Bill removed tax advantages for debt-oriented saving plans from April 1. Onshore plans that invest in overseas markets are treated as debt funds locally for taxation purposes. At least three asset management companies (AMCs) have together opened…
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Arcil: Arcil offers Rs 700 cr for L&T Fin’s Xrbia book
Mumbai: Global investment firm Avenue Capital-backed Asset Reconstruction Company of India (Arcil) has emerged as the highest bidder for L&T Finance’s real estate portfolio of Pune-based Xrbia group, said two persons aware of the development. Arcil offered ₹700 crore in a combination of cash and security receipts for a portfolio of ₹880 crore, the people…
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IT stocks: Looking to buy top IT stocks? Wait for a quarter to get bargains
Mumbai: Investors looking to buy shares of technology companies such as TCS, Infosys and HCL Tech among others amid the recent weakness could consider accumulating them after three to six months. With the banking and financial sectors in the developed economies especially the US – a segment that contributes a sizeable chunk to the domestic…
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Public sector banks to submit plan to deal with key business risks
State-run banks will within two weeks submit to the government a detailed scenario-mapped plan of various business risks, people familiar with the development told ET. They will also outline a communication strategy to deal with any exigency, they said. This is part of increased vigilance amid turmoil in the US and Europe as depositors fret…
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nifty news: Nifty to remain under pressure, support at 16,800: Analysts
The market continues to be under pressure as any intermediate bounce is getting sold into, while global banking crises and STT hikes are likely to dampen sentiment in the near term, according to technical analysts. The Nifty, however, is expected to find support at 16,800, and stocks such as UltraTech, ABB, Siemens, SRF, Titan, Axis…
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stock market march: Investors brace for another week of turmoil as mad March ends
Global financial markets are poised for another week of turmoil, as traders close out a dizzying month in which cascading worries about US and European lenders dominated sentiment and complicated central banks’ fight against inflation. Currency markets will give the first read on demand for haven assets as trading kicks off in Asia on Monday….
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