Latest Stock Market News

Analysts see a number of opportunities for traders, where risk-reward ratio appears favourable. Based on their recommendations, here are nine stocks that are set to rally in the near term.

The personal care maker hit a 52-week high of Rs 610 on 7 December 2022. It witnessed some profit taking but experts feel that technical setup suggests the next target is placed around Rs 660 level.The stock has breached a tiny falling trendline and immediate hurdle indicating a resumption of positive movement on the monthly charts.

Bonus shares are additional shares issued by the company to the existing shareholders without any cost but require regulatory and shareholders’ approval. The company that is low on cash but wants to provide benefits to the shareholders on their investment, hence, they issue bonus shares.

The Relative Strength Index of the stock stood at 71.9 on Monday.

Cummins India, incorporated in the year 1962, is a Mid Cap company (having a market cap of Rs 41796.22 Crore) operating in Engineering sector.

A total of 11,547 shares changed hands on the counter till 10:10AM (IST).

GLOBAL-Asian shares dip, dollar firms ahead of central bank rate hikes

U.S. producer prices rose slightly more than expected in November amid a jump in the costs of services, but the trend is moderating, with annual inflation at the factory gate posting its smallest increase in 1-1/2 years.

Kama Holdings’ board will meet to consider and approve the audited condensed standalone and consolidated interim financial statements for the six month period ended September 30, 2022. Also, the company will meet for share buyback.

The Reserve Bank of India (RBI) allowed domestic investment in a GIFT City fund using the Liberalised Remittance Scheme (LRS), under which a resident Indian can invest up to $250,000 a year in stocks and properties abroad. But administrators of category 3 AIFs receiving such LRS money may have a tough time dealing with the taxman.