These three equities gained significantly during Thursday’s trading session, indicating strong bullish action. Here’s an in-depth look. Oswal Agro Mills Ltd Shares of Oswal Agro Mills experienced a notable volume price breakout, coupled with an ascending triangle breakout. Currently priced at Rs 38.75, the stock has witnessed a substantial surge in trading activity today. The …
Stocks in India rose across the board on Thursday, with the main indexes hitting new highs! The Sensex climbed nearly 0.7%, ending the day at 71,847.57, while the Nifty advanced over 0.6% to 21,658.60. Things are getting calmer on the market, too. The India VIX, which measures volatility, dropped 5.3%, showing less worry among investors. …
The current PE ratio of Nifty 50 stands at 22.9, compared to last year’s historical PE of 21.7. Looking further back, three years ago, the PE ratio remained within a moderate range, not indicating an expensive or cheap valuation. On the other hand, the Nifty Midcap 150 is trading at a PE ratio of 26.7, …
The Genesis of 100-Baggers The term “10-bagger” was first coined by Peter Lynch, legendary investor and former manager of the Magellan Fund, to describe stocks that multiplied in value tenfold or 10 to 1. Christopher Mayer, portfolio manager and co-founder of Woodlock House Family Capital, later extended this concept to discuss stocks going from 1 …
Today, the broader indices, NSE Nifty50 and BSE Sensex, ended the day in the green. The Nifty50 closed at 21,658.60, marking an increase of 141.25 points or 0.66% compared to the previous day’s closing level. Meanwhile, the BSE Sensex concluded at 71,847.57, reflecting a surge of 491 points. Among all the stocks listed on the …
With price volume support, Mahindra Lifespace Developers and Electrosteel Castings are strong bullish breakout potential. The stock price has displayed an ascending triangle and rectangle chart pattern breakout, respectively, and is presently trading at Rs 573 and Rs 119. The breakout corresponds to the RSI, ADX, and other technical analysis indicators. Mahindra Lifespace Developers Ltd …
In a landmark development for the power sector, Power Finance Corporation Ltd. (PFC), a prestigious Maharatna Central Public Sector Enterprise (CPSE) and a leading Non-Banking Financial Company (NBFC) in the power domain, sealed a momentous Memorandum of Understanding (MoU) with the Government of Gujarat (GoG) on January 3, 2024. The signing ceremony, held in the …
On Monday, the benchmark indices were trading lower with the Sensex down around 60 points or 0.10% at 72,190 while the Nifty-50 down around 3 points or 0.01% at 21,730. About 2,515 shares have advanced, 1,080 declined, and 221 are unchanged on the BSE. Top gainers and losers on the BSE Sensex index are as …
As we reflect on the past year, it’s undeniable that 2023 was nothing short of remarkable for Nifty. Despite the looming uncertainty that cast doubt on the bull-run, Nifty not only weathered the storm but delivered an impressive 20% return. However, as we stand on the cusp of a new year, the million-dollar question lingers …
Strategic Land Acquisition in Bengaluru Godrej Properties Ltd. (GPL), a prominent player in India’s real estate development, has announced a strategic land acquisition in Yeshwanthpur, Bengaluru. The 4-acre parcel, situated along National Highway – 75, is a prime location estimated to yield approximately 0.7 million square feet of saleable area. This includes premium residential apartments, …
