Latest Stock Market News

Gaurav Dua on 2 sectors to bet on for near term

Updated at : 2023-08-16 15:20:01

Rate this item

(1 Vote)

​So, what we see is that overall we see that investors are getting mature. However, those clients who have not been in the market for a long time and who are new to the markets, there we see lot of interest in small cap, midcaps.

Notable stocks that crossed their 100 SMA include Johnson Controls - Hitachi Air Conditioning India, Apcotex Industries, Monte Carlo Fashions, Rane Holdings, Aditya Birla Fashion and Retail, Tube Investments of India, Cummins India, and more.

Shares of warship maker GRSE rallied 19% to hit a new 52-week high of Rs 781 on BSE after the company reported its best-ever net profit of Rs 77 crore in the June quarter. The firm saw a 54% rise in net profit as compared to the Rs 50 crore it reported in the year-ago period.

“If for the whole of the country, there are going to be only two food delivery companies, then the opportunity is much bigger and today maybe a 100 million customers out of 1.4 billion are using a service like this. Five years out, 200 million, 250 million of the middle class households might use that and then the frequency of use might improve.”

The Burman family, which owns a controlling stake in FMCG major Dabur, already owns more than 14% stake in Religare Enterprises through various entities. The news was reported by ETNow.

Rajagopal Menon, Vice President at WazirX, said, "Major market oscillators point to a Buy sentiment. The Relative Strength Index (14) sits at 45, with a neutral outlook. The Stochastic %K (14, 3, 3) at 39 and the Average Directional Index (14) at 13 indicate a Neutral outlook."

Rate this item

(1 Vote)

Promoters held 0.0 per cent stake in the company as of 30-Jun-2023, while FII and DII ownership stood at 15.43 per cent and 4.39 per cent, respectively.

Last year, Deloitte was appointed as the statutory auditor for a period of 5 years. However, the auditor had differences with the management regarding certain transactions, which were also flagged by US-based Hindenburg Research in its report in January.

Rate this item

(1 Vote)

The Relative Strength Index of the stock stood at 45.33 on Wednesday.

Voltas shares drop 0.03% as Sensex rises

Updated at : 2023-08-16 14:20:01

Rate this item

(1 Vote)

A total of 14,805 shares changed hands on the counter till 01:19PM (IST)

Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.