F&O Radar | Deploy Bull Call Spread in Nifty to gain from positive bias
The Nifty50 Index has been trading within a narrow range in recent sessions, hovering around its 200-day EMA, currently positioned near the 23,700 mark. However, Thursday’s session witnessed a surge in activity across Financials, IT, and Auto stocks, propelling the index to a robust gain of nearly 450 points, closing at 24,188.65. Volatility levels have…
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Eicher Motors shares jump 9%, hits 52-week high after strong Royal Enfield sales in December
Shares of Eicher Motors, the maker of Royal Enfield motorcycles, jumped 9% to hit a 52-week high of Rs 5325.75 on the BSE during Thursday’s trade, following robust December sales figures. In a regulatory filing, the company reported a 25% year-on-year (YoY) increase in Royal Enfield sales, with 79,466 units sold in December compared to…
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FPI Focus: Financials, IT, and real estate dominate December inflows
Nearly 83% of foreign portfolio investor (FPI) flows in the first fortnight of December were concentrated in three sectors – financial services, IT, and real estate. Overseas investors poured ₹7,424 crore into financial services, ₹6,754 crore into IT, and ₹4,689 crore into real estate stocks in this period. These investors sold ₹5,337 crore worth of…
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Tech surge propels STOXX 600 to near one-week high
Europe’s STOXX 600 ended the week on a high note, bolstered by a rally in tech stocks, while investors analysed the euro zone inflation report to assess the likelihood of a larger interest rate cut in December. The pan-European main stock index reversed earlier losses and was up 0.6% at 510.25 points on Friday, logging…
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Sensex rises above 85,300 for the first time, Nifty hits fresh peak; IT, bank stocks shine
Key equity indices Sensex and Nifty opened at fresh record highs for the sixth consecutive session on Thursday, driven by gains in IT and auto stocks, amid continued optimism over higher foreign inflows. The BSE Sensex was up 123 points, or 0.15%, at 85,290, while the Nifty50 rose 40 points, or 0.15%, to 26,043 around…
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A possible cool off & also an opportunity to play on structural transformation: 6 auto stocks an upside potential of up to 28%
Synopsis While they are all classified under the broad category of auto stocks, the operating matrix of each company is very different. For heavy commercial vehicle players the factors impacting the sales are very different from a two wheeler maker and a passenger car maker has a different matrix to deal with when it comes…
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Should you consider ancillary stocks amid demand and valuation concerns in auto sector?
Diversified auto ancillary companies’ revenue and EBITDA for the April-June quarter outperformed OEMs on a year-on-year basis. Moreover, their focus on electric vehicles, strong order books, and exposure to exports could benefit them amid potential headwinds for original equipment manufacturers, such as growing inventory, weakening demand, and stretched valuations. Diversified auto ancillaries’ revenue growth stood…
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Waning demand set to hit breakneck rally in auto stocks
A sizzling rally in India’s auto shares is reversing as a build up of unsold vehicles and growing discounts by carmakers pressure profit margins. India’s NSE Nifty Auto Index is down 4.1% in August, more than double the decline in the Nifty 50 Index. Bellwether Maruti Suzuki India Ltd. has slid 6% so far in…
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These auto stocks can deliver more than 20 % return in one year according to analysts
Synopsis Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components — earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members. Below is a list containing mean…
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