Latest Stock Market News

Cantabil Retail witnesses a remarkable 10-year surge, but recent performance shows stagnation. With revenue growth in Q4FY24, technical indicators suggest potential for a pullback rally. Analysts recommend holding with a stop-loss at Rs 198 and target levels at Rs 223 and Rs 240.

Rate this item

(1 Vote)

For the year ended on March 31, 2024, the company said its net profit increased to Rs 478 crore as against Rs 326 crore in FY23.

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness.

Currently, the index is trading above its short and long-term moving averages. The daily RSI has given a breakout of a falling wedge pattern and is about to cross the 60 mark, indicating strengthening momentum. Additionally, all the other indicators and oscillators indicate strength, and hence, we expect the current positive momentum to continue.

Rate this item

(1 Vote)

The cement and clinker volume for the fourth quarter was 24.36 lakh tonne as compared to 27.85 lakh tonne in the same period of the previous year, it added.

Sanjiv Bhasin suggests holding RattanIndia for further gains. His top picks include Embassy Office and Wipro, with potential gains to Rs 450 and Rs 700, respectively. Zydus and Lupin stand out in pharma, while Zee remains an avoid due to management issues.

Indian Prime Minister Modi predicts a post-election rally could propel the market to new highs, with Sensex nearing a record peak. Amidst volatility, analysts advise focusing on long-term goals and quality stocks for navigating market fluctuations.

Rate this item

(1 Vote)

A milder inflation report last week has investors once again pricing in U.S. rate cuts as early as September, buoying global market sentiment and in turn boosting Japanese equities

Equity markets worldwide are experiencing highs. In the US, the S&P 500 and Nasdaq 100 indexes hit records this week, while the Dow Jones Industrial Average crossed 40,000 for the first time ever. Meanwhile, the biggest bourses in Europe, Canada, Brazil, India, Japan and Australia are currently at or near their peaks.

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