Latest Stock Market News

"We believe that the rally is sustainable since we expect earnings to improve from the third quarter of FY23. However, in case US markets do get into a next stage downturn, we could see volatility in the short term. Hence, investors can maintain a balanced approach and look at a phased approach of deployment into markets if they have surpluses."

“Almost all of the sectors which are closely linked to the investment cycle are seeing more investor interest at this point of time. Asset developers or pure infrastructure companies may not have seen that kind of interest as of now but many of the other pockets which are closely linked to economic growth or which are closely linked to investment cycle, have definitely seen better interest.”

"Small & midcaps tend to outperform their larger peers in a bull market but any reversal in the market trend is very brutal for them. Our recommendation is simple for small & midcap stocks, stay with the companies having strong fundamentals, good growth prospects vis-à-vis their valuations, quality management, and competitive advantages."

Hold HEG, target price Rs 1400: ICICI Direct

Updated at : 2022-08-19 10:40:02

Rate this item

(1 Vote)

HEG Ltd. key Products/Revenue Segments include Electrodes Graphite, Export Incentives, Power, Other Operating Revenue and Fly Ash for the year ending 31-Mar-2022.

Bitcoins slipped below the $23,000 mark amid the anticipation of further rate hikes. Even for Ethereum, the merge excitement got done and dusted. Experts see a range-bound movement in the days ahead.

Buy KSB, target price Rs 2180: ICICI Direct

Updated at : 2022-08-19 10:40:02

Rate this item

(1 Vote)

KSB Ltd., incorporated in the year 1960, is a Small Cap company (having a market cap of Rs 6200.32 Crore) operating in Irrigation & Allied Services sector.

Rate this item

(1 Vote)

Back in July-end, all knives were out against the loss-making food-tech company. Valuation Guru Aswath Damodaran went ahead to reduce his fair value target on Zomato from Rs Rs 41 per share to Rs 35.32.

Friday is the record date for dividends by Bombay Burmah Trading Corporation (Rs 1.2 per share), LG Balakrishnan (Rs 15 per share), Jagran Prakashan (Rs 4 per share), The Yamuna Syndicate (Rs 200 per share), Baid Finserv (Re 0.1 per share), Maral Overseas (Rs 2 per share), Shiva Mills (Rs 1.2 per share) and Starteck Finance (Re 0.25 per share) among others. The stocks went ex-dividend on Wednesday.

The stock has rallied over 50 per cent so far in this quarter. Last Thursday, the stock hit a fresh all-time high of Rs 399.45. On the daily and intraday charts, the stock has formed a higher bottom series pattern which indicates a continuation of the uptrend in the near future.

Rate this item

(1 Vote)

India Cements Ltd., incorporated in the year 1946, is a Small Cap company (having a market cap of Rs 6321.90 Crore) operating in Cement sector.

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