Reseñas

However, on the short-term time frame, the momentum indicators suggest that the stock is in an overbought zone and high chances of quick short-term correction are not ruled out if the stock trades below 368 or 10-Day SMA.

JP Morgan, in a research report, said, “We forecast most of the quarter-on-quarter earnings growth to be driven by O2C, as the SEZ export tax removal benefits O2C and E&P segments as the higher prices flow through from October onwards. We expect retail and digital to report muted sequential earnings Continue Reading

Based on surveillance inputs and its internal alert system, Sebi initiated examination of suspected front running by persons associated with certain market experts appearing on a business news channel. The modus-operandi of these entities was that they took positions in stocks just before recommendations were made by their associated market Continue Reading

This will be a year for the Indian economy to strengthen its position on the global stage while the rest of the world grapples with an impending recession, war and inflation, the Reserve Bank of India (RBI) said in its report on the state of the economy.

Under the new terms, the royalty is set to increase 80 basis points (0.8 percentage points) in a staggered way from 2.65% of revenue to 3.45% over a period of three years. Considering the consolidated revenue of 2021-22, an 80 bps increase in royalty on ₹51,400 crore translates to around Continue Reading

Concert has pioneered the use of deuterium (a hydrogen isotope) in medicinal chemistry and has an extensive patent portfolio, including its lead product candidate deuruxolitinib – an oral inhibitor that blocks Janus kinases JAK1 and JAK2 for the treatment of baldness. Concert has completed the evaluation of the efficacy and Continue Reading

The food ministry has allowed 60 lakh tonnes of sugar exports for the current 2022-23 marketing year (October-September). India exported around 110 lakh tonnes of sugar — an all-time high — in the previous year. In the current marketing year so far, the mills have dispatched 30 lakh tonnes of Continue Reading

Fear gauge index India VIX was down by 2.85% from 14.37 to 13.96 levels. Volatility cooled down from higher zones and paved the way for the bulls at declines. Now it needs to sustain below 14 for stability to resume the uptrend.

The company is in the right place at the right time and with the right products. The trend has just started. I am confident that Atul Auto has made India’s Tesla in three-wheelers,” said the investor, who is also a director in the company.

Ahead of Union Budget 2023, brokerage LKP Securities has selected some promising stocks, which have the strength and potential to yield decent returns. The brokerage firm believes stocks such as ITC, Power Finance Corporation, and Tata Power will provide good opportunities for the short term. Here is a list of Continue Reading