In the world of technical analysis, there are few chart patterns as widely recognized and celebrated as the golden cross. This occurs when a stock’s short-term moving average (usually the 50-day) crosses above its long-term moving average (usually the 200-day). This is often seen as a bullish signal, indicating that the stock is breaking out …
These three equities gained significantly during Monday’s trading sessions, indicating strong bullish action. Here’s an in-depth look. Shanti Overseas (India) Ltd Shanti Overseas exhibits a compelling technical setup. The stock has demonstrated a Price Volume Breakout along with a 52-week breakout on the daily timeframe and formation of a rounding bottom on the weekly chart, …
Imagine two companies in the same business, selling similar products, yet valued differently by the market. This is the intriguing story of Public Sector Banks (PSBs) and Private Sector Banks (Pvt Banks) in India, as revealed by their Price-to-book (PB) ratio over the past 2 years (July 2022 – Feb 2024). Buckle up, as we …
DB Realty’s board has in principle approved the demerger of its hospitality business, aimed at unlocking shareholder value, pursuing a focused strategy in the Indian hospitality sector, and listing the resulting company’s equity shares on BSE and NSE. With this corporate announcement stock price has surged 3.09% today. Corporate Restructuring DB Realty has its board …
Indian billionaire Gautam Adani’s conglomerate, Adani Group, is in discussions to secure approximately USD 500 million through dollar bonds, marking its first overseas issuance since the Hindenburg Research report triggered apprehensions about the group’s ability to manage its debt obligations. Adani Green Energy’s Bond Issue: Adani Green Energy Ltd, the solar energy arm of the …
General Insurance Corporation of India is an India-based global reinsurance solutions provider, offering a wide range of services in the insurance and reinsurance industry to cater to diverse needs both domestically and internationally. Today, the company experienced a significant surge in its share price. Share Performance At the start of the trading day, the company’s …
Market closes at day’s low with financials remain a drag RBI’s status quo policy & healthy growth estimates fail to boost mkt sentiment Sensex closed substantially lower by 1% concluding at 71,428.43 level, while Nifty also significantly plunged by 0.97% and closed at 21,717.95 level. Four of 5 top 5 Nifty contributors to the downside …
Zomato, the Indian online food delivery giant, disclosed its performance for the December quarter of FY24. After the announcement, the company’s shares experienced a rally during the closing of today’s trading session. Quarterly earnings According to the company’s statement, it reported a total revenue of Rs 3,507 crore, indicating a remarkable growth of 65% YoY …
These three equities gained significantly during Thursday’s trading sessions, indicating strong bullish action. Here’s an in-depth look. B.L. Kashyap & Sons Ltd B.L. Kashyap & Sons exhibits a compelling technical setup. The stock has demonstrated a Price Volume Breakout along with a consolidation range breakout on the daily timeframe, signifying a strong bullish sentiment. Furthermore, …
In a landmark agreement, Inox Wind, India’s one of the leading wind energy solutions providers, has signed a binding framework agreement with CESC Limited, a major power utility, to install and supply 1,500 MW of wind power capacity over the next 3-4 years. This marks the single largest wind project order ever secured by an …
