Latest Stock Market News

The Street would also want to hear out the outlook on deal pipeline for the coming quarters in the backdrop of the macroeconomic slowdown in the US and Europe - two major markets for the software industry.

The stock quoted a 52-week high of Rs 429.8 and a 52-week low of Rs 294.75.

Pattern of three crows and a bearish turtle breaksuggests continuation of downtrend since October.

The stock quoted a 52-week high of Rs 1418.65 and a 52-week low of Rs 1037.8.

Consumer businesses are likely to drive growth for Reliance Industries. However, there is an upside risk to 02C earnings, said the note. RIL outperformed Nifty by 4% in the year 2022. The global investment bank forecasts 18% EBITDA growth in FY24E with 21% growth in retail.

As per ADP, the US economy added 235,000 private jobs in December against expected 150,000. Initial jobless claims too came in lower at 204,000 against expected 225,000, IFA Global Research Academy said in a research note.

Promoters held 0.0 per cent stake in the company as of 30-Jun-2022, while FII and DII ownership stood at 19.65 per cent and 6.76 per cent, respectively.

The Relative Strength Index of the stock stood at 40.58 on Friday.

Long-term investors can look at buying the stock after the recent fall for a target of Rs 108 in the next 12 months, suggest experts. Lemon Tree Hotels is India’s largest hotel chain in the mid-priced hotel sector, and the third largest overall, based on controlling interest in owned and leased rooms.

“In areas like retail, consumer products and other areas, we continue to see a decent hiring demand coming through. Maybe ecommerce is seeing a little bit of a slump in terms of hiring. But there are jobs in the other consumer-led businesses. It is here that the India story comes in. India is weathering the storm through a change in consumer behaviour on the ground.”