Investor Frenzy: Block deals hit Rs 8,364 crore this week; Suzlon, FirstCry, Infosys see major action
While Nifty ended with week-on-week gains of 0.7%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 8,364 crore on screen, which included both buying and selling actions. In the largecap segment, 15 companies witnessed significant block deals on the screen…
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13 high conviction stock ideas from InCred Equities to add in your portfolio – Top Picks
Indian Railway Finance Corporation Share Price 180.92 04:04 PM | 8 Aug 2024 -1.5(-0.82%) One97 Communications Share Price 508.5 03:59 PM | 8 Aug 2024 2.65(0.53%) YES Bank Share Price 23.92 04:00 PM | 8 Aug 2024 -0.13(-0.55%) ITC Share Price 494.75 03:59 PM | 8 Aug 2024 2.11(0.43%) HDFC Bank Share Price 1642.7 04:04…
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Avoid aggressive bets as markets may see volatility spike
Technical analysts advise avoiding aggressive bets until global market conditions stabilise. If Nifty stays below 24,800 and VIX remains above 14.5%, a correction is likely, with key support at 24,540 and 24,210. Stocks like Nykaa, HDFC Bank, Sun Pharma, TCS, GAIL, Adani Ports, ITC, Chambal Fertilisers, KNR Construction, Oil India, and CESC look promising, according…
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M-cap of 8 of top 10 firms plunges Rs 1.28 lakh crore; TCS, Infosys biggest laggards
Eight of the top-10 most valued firms together lost Rs 1,28,913.5 crore in market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys emerging as the biggest laggards, amid weak trend in equities. The valuation of TCS tumbled Rs 37,971.83 crore to Rs 15,49,626.88 crore, the most among the top-10 firms. The…
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Vedanta gets clearance from 75% secured lenders for demerger
In a key step for its proposed demerger, Vedanta has received approval from 75% of its secured creditors to obtain a clearance from stock exchanges. The natural resources major will then file the demerger scheme with the National Company Law Tribunal. The company is also in talks with some of these lenders to prepay their…
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Mcap of 6 of top-10 valued firms jumps Rs 1.85 lakh cr; LIC, Infosys biggest winners
The combined market valuation of six of the top 10 valued firms jumped Rs 1,85,186.51 crore last week, with Life Insurance Corporation of India (LIC) and Infosys emerging as the biggest gainers. Last week, the BSE benchmark climbed 728.07 points or 0.90 per cent. The valuation of LIC surged Rs 44,907.49 crore to Rs 7,46,602.73…
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hdfc bank shares: HDFC Bank shares surge 3% post Q1 results. Should you buy, sell or hold?
HDFC Bank surged nearly 3% to Rs 1,650.7 in Monday’s trade on BSE after the country’s top private lender reported a standalone net profit of Rs 16,175 crore for the quarter ended June 30, 2024, which was up by 35% over Rs 11,952 crore reported by the bank in the year-ago period. However, it was…
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Sensex, Nifty can fall up to 10% with bigger crash in smallcaps, warns Emkay
“We see the risk of an imminent 5-10% correction in the headline indices, with bigger drawdowns in small and midcap stocks. Nifty valuations are stretched at 21.4x 1YF PER, and a positive budget is now in the price. There are no additional positive catalysts, as we expect a tepid 1QFY25 earnings season with rate cuts…
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Q1 Results Today: What to expect from HDFC Bank and Kotak Bankβs earnings
The week will end with the announcement of 33 earnings on Saturday where heavyweight HDFC Bank will declare its April-June quarter results along with lenders Kotak Mahindra Bank and Yes Bank. Other important results that the Street would be keeping its eye on include Can Fin Homes, JK Cement, Poonawalla Fincorp and Netweb Technologies. On…
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hdfc bank: Stock Radar: HDFC Bank loses momentum after hitting record high in July; what traders should do
Short-term traders can look to buy the stock now for a target of Rs 1,800-1,900 in the next few weeks, suggested experts. Traders can look to buy the stock on dips in the range of 1,600-1,620, they advised. Synopsis HDFC Bank’s stock hit a record high of Rs 1,791 on July 3rd following a strong…
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