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On the technical charts, the RSI of the stock stood at 45.41.

Jefferies said FY24 guidance suggests a weak demand outlook and therefore cut its FY24-25 estimates by 3-6%. It sees potential stock fall on weak Q4 results as an attractive buying opportunity. Key risks include weaker revenue growth, lower margin, unfavourable currency and corporate action, the brokerage said.

The neckline of the pattern was placed around Rs 1,780. The stock closed at Rs 1,791 on 14 April 2023 – thus confirming the breakout. As long as the stock stays above Rs 1,700 levels bulls are likely to stay in control, suggest experts.

​So if I look at the economy as well as corporate earnings, to my mind, that one theme which can change a lot of things is crude.

Bharat Dynamics., incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 18070.61 Crore) operating in Defence sector.

A total of 260 shares changed hands on the counter till time (IST).

The contrast illustrates that retail investors love hunting for fallen stars at the cost of reigning superstars. New investors often confuse the price of the stock with its value. When the price falls, like in the case of Yes Bank which was saved from getting bankrupt by the Reserve Bank of India (RBI) in 2020, retailers try to catch the fall knife under the impression that it is becoming cheaper to own.

I think HDFC Limited is already selling whatever they felt were the pain assets or they may be wanting to get rid before they get into the merger.

“Last year was extremely good for Porsche India; there was a 64% increase in retail over the last year and the year before was 62%. It told us that there is a lot of potential here and, of course, we think this year will also be a good year for Porsche India.”

Tata Steel, incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 131402.12 Crore) operating in Metals - Ferrous sector.