Ravi Dharamshi on how to approach PSU stocks and why he dumped IT
January 3rd, 2024 10:27
Ravi Dharamshi says: “IT companies have old legacy business, which is rolling off; and then there is this new business, which is digitisation, that is picking up. But the one that is rolling off is rolling off faster than the one that is growing. So at an aggregate level, these companies are not able to grow beyond 8, 10%, some gave guidance of 1 to 3%.”
Adani stocks rally up to 10% ahead of Supreme Court verdict on Hindenburg
January 3rd, 2024 10:27
Among Adani group stocks, Adani Energy Solutions was the top gainer as it shot up to 10% while Adani Total Gas was up 8% and NDTV 7%. Shares of Adani Green Energy, Adani Wilmar, Adani Enterprises and Adani Power were trading 5-6% higher. The Ahmedabad-based conglomerate's cash cow Adani Ports was up 3%.
Buy Ashok Leyland, target price Rs 220: BNP Paribas
January 3rd, 2024 10:27
Ashok Leyland Ltd. key Products/Revenue Segments include Commercial Vehicles, Spare Parts & Others, Sale of services, Engine & Gensets, Ferrous Castings, Scrap, Export Incentives, Other Operating Revenue for the year ending 31-Mar-2022.
Momentum Pick: Multibagger Vodafone Idea delivers 280% returns from 52-week lows. Should you dial it?
January 3rd, 2024 10:27
On Monday, the stock gained 6% and hit a fresh 52 week high of Rs 18.40 on a media report hinting at a possible tie-up between Vi and Starlink to pare entire gains on Tuesday after the company rejected the report. Investor interest remains paramount as the price action has been supported by volume action with over 100 crore shares getting traded in each of the last two trading sessions.
Which price do professional traders watch the most?
January 3rd, 2024 10:27
The closing price of a security on Friday sets the tone for Mondayâs opening. But itâs not as simple as it appears. What should you be looking for, in order to be a smarter trader?
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