Stock Radar: BEL shows signs of bottoming out after a 16% fall from highs; what traders should do
Short-term traders with a high-risk profile can look to buy the stock for a target of Rs 330 in the next 3-4 weeks if the momentum sustains, suggested experts. Synopsis BEL stock hit Rs 340 on July 10, 2024, but fell over 16% to Rs 285 by January 20, 2025. It found support near Rs…
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Budget 2025: Capex stocks drop up to 43% from the last budget. Can government spending do the trick?
As the countdown to Modi 3.0’s Budget 2025 begins, D-Street is pinning its hopes on higher public capital expenditure to fire up the Indian economy. Due to a 7-month spending lull, government spending is expected to fall 15% short of the FY25 budget estimate of Rs 11.1 lakh crore.The impact has shown in India’s GDP…
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Q2 review: 14 stocks in BSE PSU index rebound from 52-week lows, 5 turn multibaggers
With Q2FY25 earnings behind now, a performance analysis of PSU companies reveals 14 stocks which have not just shown a double-digit growth in their July-September quarter revenue and net profit but also posted double-digit returns from their respective 52 week lows. In this, five stocks are multibaggers viz. National Aluminium Company (NALCO), Housing & Urban…
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JPMorgan bullish on defence stocks: Initiates coverage on BEL, HAL, Mazagon Dock, sees up to 17% upside
Global brokerage firm JPMorgan has expressed a positive outlook on Indiaβs defense sector as it initiated coverage on Bharat Electronics (BEL), Hindustan Aeronautics (HAL), and Mazagon Dock Shipbuilders, signaling a growth potential of up to 17%. JPMorgan highlighted the strong growth prospects in production and exports within the sector. Here is what the foreign brokerage…
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Stocks in news: Nykaa, BEL, Tata Motors, HEG, Puravankara
Equity markets remained under pressure and extended its corrective phase, losing nearly a percent. In today’s trade, shares of Nykaa, BEL, Tata Motors, HEG, Puravankara among others will be in focus due to various news developments. HEGHEG acquired 8.23% stake in GrafTech International for about Rs 248.62 crore. GrafTech International is a leading manufacturer of…
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NSE indices shakeup to trigger $633 million inflows for 5 PSU stocks
The NSE Indices Committee recently announced the September 2024 semi-annual reshuffle, affecting major indices such as the Nifty 50, Next 50, Nifty 100, and Nifty Bank. Effective September 30th, these adjustments are expected to significantly impact fund flows within the market. Two sectors, in particular, are poised for significant activity: retail and defense. In the…
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Stocks in news: Trent, BEL, LTIMindtree, Ambuja Cements, Alembic Pharma, Transport Corp
Domestic markets edged higher for the second consecutive week, moving closer to record highs, supported by favorable cues. In today’s trade, shares of Trent, BEL, LTIMindtree, Ambuja Cements, Alembic Pharma, Transport Corp among others will be in focus due to various news developments. Transport CorporationTransport Corporation of India announced that it will conduct its first-ever…
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Nifty Bank Reshuffle: State-run Canara Bank makes entry while Bandhan Bank pushed out
PSU stock Canara Bank has entered the Nifty Bank index at the cost of Bandhan Bank as part of the semi-annual rejig. Canara Bank’s average free-float market capitalisation stood at Rs 38,973 crore over six months as against Bandhan Bank’s Rs 15,945 crore. With its inclusion, Canara Bank is expected to receive flows of $…
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NSE rejig: Vodafone Idea to exit Nifty 500, Nifty Midcap 100
Vodafone Idea has made an exit from Nifty 500 index and Nifty Midcap 100 as part of a semi-annual rejig of NSE’s various indices. Vodafone’s current free-float market capitalisation stands at Rs 36,534 crore and the stock today ended at Rs 15.83, down by Rs 0.37 or 2.28% over the Thursday closing price. Vodafone’s exit…
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