Technical analysis identifies Torrent Power and Olectra Greentech upside potential stocks. Both stocks have displayed promising structures and technical setups, including price volume contraction, and the potential to bounce back and breakout. Currently trading at Rs 1,413.30 and Rs 1,787.40 respectively, their price aligns with positive signals from technical indicators like RSI and ADX, suggesting …
On Wednesday, the market weakened ahead of election results, primarily due to poor performance in financial stocks like ICICI, HDFC Bank, and RIL. Sensex dropped by 0.89%, closing at 74,502.90, while Nifty fell by 0.8%, closing at 22,704.70. Nifty Pharma, Metal, and Media sectors gained, while Financial Services, Bank, and IT sectors underperformed. Top gainers …
During Wednesday’s trading sessions, these three equities gained significantly with price and volume activity, indicating potential bullish action. Here’s an in-depth look. Manali Petrochemicals Ltd Manali Petrochemicals Ltd saw significant activity with a traded volume of 5,159,594 shares, indicating a price volume breakout. Currently trading at Rs 82.8, it has risen from its previous close …
Semiconductors are like the brains of electronic devices. With the increase in demand for electronic devices, the demand for semiconductors is also increasing. Even the Indian Government is launching several initiatives to promote semiconductor production. Recently, in March 2024, they approved a US$ 15.2 billion investment in three semiconductor plants. The demand and the Government’s …
Grasim Industries Limited is an Indian manufacturing company based in Mumbai. The company has a market capitalization of about 1.65 Lakh crores and it was incepted in 1947 as a textile manufacturer and is a part of the Aditya Birla Group. The Birla Group, the promoter of Grasim has increased its shareholding in the company …
Reliance Industries Limited, The Indian multinational conglomerate led by Billionaire Mukesh Ambani has a diversified business including energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles. The Company has signed a deal with Russia’s Rosneft to buy oil in Roubles. Reliance To Buy Oil in Rubles Reliance Industries Limited has entered into a …
Indian benchmark indices opened the trading session on a lower note, reflecting the general weakness in most Asian markets. Banks, financial services, auto, and information technology sectors reported significant losses, while telecommunication and capital goods stocks attempted to counterbalance the downturn. At 10:05 am, the BSE Sensex fell 0.45% reaching a level of 74,821. The …
Campus Activewear (CAL), India’s largest omnichannel sports and athleisure footwear brand is buzzing on the bourses amid a sell-off in the market. CAL is amongst a few established national brands enjoying a 17% market share in the Indian branded sports and athleisure footwear industry which is predominated by international brands. The share price of Campus …
India’s banking sector has reached a significant milestone in fiscal year 2024 (FY24), with the collective net profit exceeding Rs 3 lakh crore for the first time ever. This achievement underscores a remarkable turnaround in the sector A closer analysis reveals a notable discrepancy in the performance between private sector banks and public sector banks …
Adani Group is an Indian multinational conglomerate, headquartered in Ahmedabad. Founded by Gautam Adani in 1988 as a commodity trading business, the Group’s businesses include sea and airport management, electricity generation and transmission, mining, natural gas, food, weapons, and infrastructure. The conglomerate is now planning to enter India’s digital payment and E-commerce spaces. Adani to …
