"As fund manager, the target range for returns that I set for myself, and my team, is between 18% to 24%. This range is based on the idea that if you can achieve returns within this range, your money can potentially double every 3 to 4 years, post expenses and fees. We anticipate India's economy to sustain an 8% growth rate while undergoing the $2 Trillion to $10 Trillion phase, with some years exceeding this and others falling slightly below."

The Defence Ministry would be shortly discussing the proposal moved by the Indian Navy as one of the biggest programmes under Prime Minister Narendra Modi's Aatmanirbharta (self reliance) programme in defence sector, they said. The programme will create several thousand direct and manifold indirect jobs through the Cochin Shipyard Limited in Kerala when the work on the IAC-2 is approved by the government.

Cochin Shipyard shares hit their 52-week high of Rs 1258.50 on September 8 and since then they have seen corrections in six successive trading sessions on the closing price basis as investors have looked to book profits after a big rally in an otherwise buoyant stock markets.

This project will have the participation of Indian electronics and associated industries, including MSMEs, which are sub-vendors of BEL.

Stocks that were in focus included names like L&T, which rose 1.88%, Cochin Shipyard, which fell 10.8%, and BEML, whose shares declined 10.61% on Tuesday.

Among defence stocks Bharat Electronics, Hindustan Aeronautics, Bharat Dynamics, and Garden Reach Shipbuilders & Engineers declined 3 -9%. In the Railways sector, RailTel Corporation of India, Rites and Rail Vikas Nigam dropped 9-11%.

Discover the significance of the overbought zone and the Relative Strength Index (RSI) in stock analysis. In this article, we explore why 10 stocks are currently trading in an overbought zone and why it's crucial to assess stock movements using RSI. Join us as we unravel the overbought phenomenon and its importance for informed investment choices.

The top loser was Cochin Shipyard whose stock fell by over 14% to the day's low of Rs 1,032.25. It was followed closely by Mazagon Dock Shipbuilders which plunged nearly 13% at Rs 2,005.10 on the NSE.

Ashish Kyal expects consolidation or minor retracement in midcap, smallcap indices, but it will be an opportunity to enter into the stocks that have shown leadership role during the rise.

On Thursday, shares of Cochin Shipyard soared 20% to an all-time high of ₹1,146. Mazagaon Dock Shipbuilders shares jumped by 9.51%. Indian Railway Finance Corporation, KIOCL, Power Finance Corp, REC rose by 4-7%. The BSE PSU Index gained 1.5% and the benchmark Sensex advanced 0.6%.

Sectorally, buying was seen in capital goods, industrials, public sector, and banks while FMCG stocks saw some selling

The multibagger stock which has a market capitalisation of Rs 14,282.65 crore has given returns of over 170% in the past 12 months, significantly outperforming the Nifty which has returned over 11% during this period.

“The price action demonstrates an inability to sustain higher levels, curtailing the scope for significant upward movements. This pattern indicates a market environment where caution and strategic planning are crucial, considering the challenges posed to sustaining profitable long positions,” he says.

A decisive move below 19,000 is likely to drag Nifty down to another lower support of 18,500 levels.

"The writing is on the wall with 18300 on the horizon. There are two opportunities ahead of us. One, play for a bounce off 50 DMA, near which we have closed for the last two days. Second, prepare for a buy on dips approach, while taking cues from the fact that even a tiresome bear phase that unfolded in Dec 2022, when similar conditions prevailed, lasted only for three months."

“A lot of the EV penetration or the growth that we have seen has been on the back of the subsidy support that was given and therefore, in light of that, we would also believe that going forward, while EV penetration will increase, there is still space for the ICE engines in terms of the two-wheeler space. ”

Sector-wise, buying was seen in consumer durables, and mid & smallcap stocks while utilities, energy, capital goods, and oil & gas witnessed heavy selling.

This article sheds light on the concept of RSI and its significance in assessing stock movements, with a focus on ten stocks that have entered the overbought zone. As data from StockEdge revealed over 50 such stocks, and ETMarkets selected 10, we delve into why RSI matters and how it can empower investors to make informed choices.

“The near-term picture for foreign investor flows is hazy and over the next few weeks as things play out and as the dollar index peaks, the short term rally which is staging and as yields peak out, we will see funds flow start again. But in the near term, it could remain weak.”

In its Q1 FY24 results, GRSE reported its best-ever net profit of Rs 77 crore. The firm saw a 54% rise in net profit as compared to the Rs 50 crore it reported in the year-ago period. Meanwhile, its total income stood at Rs 827 crore in the first quarter of the current fiscal, 33% higher than Rs 621 crore in the year-ago period.

Sector-wise, buying was seen in utilities, realty, power and IT stocks while metal, telecom and banks saw heavy selling on Wednesday

Dive into the world of stock analysis as we explore the significance of the Relative Strength Index (RSI) and its trending up patterns. In this article, we delve into stocks identified by StockEdge with ascending RSI trends, spotlighting 10 selections handpicked by ETMarkets. Discover the role of RSI in deciphering market momentum and shaping investment decisions.

The stock market witnessed several noteworthy stocks crossing their 20-day Simple Moving Averages (SMA), indicating strong market momentum and potential bullish trends.

The BSE SmallCap Index made waves on August 16, 2023, as several stocks hit new 52-week highs, demonstrating remarkable growth and market strength.

Shares of warship maker GRSE rallied 19% to hit a new 52-week high of Rs 781 on BSE after the company reported its best-ever net profit of Rs 77 crore in the June quarter. The firm saw a 54% rise in net profit as compared to the Rs 50 crore it reported in the year-ago period.

NMDC broke the falling resistance trendline adjoining highs of January 13 and August 1, and clocked more than 4 percent gains at Rs 118.70. The stock has seen formation of long bullish candlestick pattern on the daily timeframe, with multi-fold jump in trading volumes.

Cochin Shipyard has been upgraded from ‘Schedule B’ to ‘Schedule A’ Central Public Sector Enterprise. The company says the move will allow it 'larger senior management bandwidth' to effectively manage its seven units

Sunteck Realty maintained upward journey for fifth consecutive session, rising more than 5 percent to Rs 378, the highest closing levels since December 8 last year and formed long bullish candlestick pattern on the daily charts, with above average volumes.

​Again IT is rebounding and that is bound to happen because now Fed is turning less hawkish and people expect that this could be the last rate hike so that is very bullish for the market.

Castrol India has seen a golden crossover with the 50-day EMA (exponential moving average) crossing 200-day EMA, which indicates possibility of further uptrend.

Shares of defense companies were up on Tuesday, with Premier Explosives leading the rally due to its robust order book and healthy pipeline. Other defense companies that saw gains were Bharat Dynamics, Zen Technologies, and Mazagon Dock Shipbuilders.

​So it is just away few points above its all-time high now and Bank Nifty which was struggling since a couple of days. Bank Nifty, in fact, was I would say laggard or underperforming the Nifty. Now Bank Nifty also is trading comfortably above 45000.

“Under the green tug transition programme, the Jawaharlal Nehru Port, Paradip Port, VOC Port and the Deendayal Port will be buying two green tugs each. In addition, hydrogen hubs will be set up at VOC and Deendayal ports to catalyse the transition towards green fuel,” a senior official aware of the development told ET.

Shares of Mazagon Dock Shipbuilders surged over 7% and hit a 52-week high after the company won a contract worth Rs 2,724 crore from the Indian Navy. The stock has seen a tremendous rally, delivering returns of 435% in the past year. With a market capitalization of over Rs 25,000 crore, Mazagon Dock has become the first shipbuilding company to achieve this milestone. Despite trading in an overbought zone, the stock has been performing well and is above its 50-day and 200-day moving averages.