Trade Spotlight | What's your strategy for Manappuram Finance, Torrent Power, Emami today?
Torrent Power shares rallied 5 percent to Rs 511, after downtrend from Rs 550 on March 17 till Rs 487 on March 27. The stock has formed robust bullish candlestick pattern on the daily scale with above average volumes. In a single day rally, it clawed back above 50/100/200-day EMAs.
Big Movers on D-St: What should investors do with SPARC, Sheela Foam and Manappuram Finance?
After a long correction, eventually, the stock took support near 162 and bounced back sharply. On Thursday, it rallied over 10% and also formed a long bullish candle on the daily charts which is broadly positive.
Stocks to buy today: 3 short-term trading ideas by experts for 23 March 2023
Equity markets across Asia were also trading mixed after the US Federal Reserve hiked interest rates by 25 basis points (bps) in their latest committee meeting which was in line with market expectations.
Short Call: March theory, rising FII shorts, Hindustan Aeronautics, Manappuram Finance, Fed rate hike
FII net short positions in index futures have now climbed to 85 percent, surprising, as one would have expected some short covering in a rising market.
Motilal Oswal retains buy rating on Manappuram Finance, sees 26% upside
Motilal Oswal estimates the company's gold AUM to grow by around 3.5 percent QoQ in Q4 FY23, driven by improving demand from small-ticket size borrowers.
Hot Stocks: Brokerages view on Manappuram Finance, Bharti Airtel and Pidilite Industries
“The focus should be on portfolio diversification. The company is witnessing a strong growth outlook in the non-gold business. FY24 target includes 20% consolidated growth supported by non-gold,” BofA said.
Stocks to buy today: 6 short-term trading ideas by experts for 22 March 2023
On the weekly Options front, the maximum Call OI is placed at 17800 and then towards 17200 strikes while the maximum Put OI is placed at 17000 and then towards 16900 strikes.
Hot Stocks | Indian Oil, Zensar Tech, Manappuram Finance can fetch 10% return in short term
Flag Pattern Breakout is expected on the daily chart on Zensar Technologies. The stock price has witnessed healthy correction after sharp upswing. IT Sector has also reached oversold zone on short term charts.
Stocks to buy or sell today: 5 short-term trading ideas by experts for 10 March 2023
On the weekly options front, the maximum Call OI is placed at 17,700 and then towards 18,000 strikes, while the maximum Put OI is placed at 17,600 and then towards 17,700 strikes.
Trade Spotlight | What should you do with Manappuram Finance, CCL Products, RITES today?
RITES was also in action, rising 5.7 percent to Rs 371 and formed strong bullish candle on the daily timeframe with above average volumes. The stock held above all key moving averages since the breaking out of long downward sloping resistance trendline adjoining highs of November 4, 2022 and February 1, 2023.
Hot Stocks | Bet on UltraTech Cement, sell Manappuram Finance for short-term returns
On Friday, the consolidation range finally got broken on the lower side in Manappuram Finance. This not only confirmed a breakdown from multiple supports but also resulted in resuming its higher degree downtrend.
Buy Manappuram Finance; target of Rs 144: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Manappuram Finance has recommended buy rating on the stock with a target price of Rs 144 in its research report dated February 05, 2023.
Gold price near record high: Time to bet on Manappuram, Muthoot Finance?
"We believe that the strength in gold prices will sustain in CY23 because of the expected deterioration in the broader macroeconomic indicators both in India as well as globally," it said in a report.
Hot Stocks: Brokerages on Maruti Suzuki, Infosys, HCL Technologies and SBI Life
Morgan Stanley maintained its overweight stance on Maruti Suzuki with a target of Rs 10,483. The global investment bank believes that the share price will rise relative to the country index over the next 30 days.
Buy Manappuram Finance; target of Rs 144: Prabhudas Lilladher
Prabhudas Lilladher is bullish on Manappuram Finance has recommended buy rating on the stock with a target price of Rs 144 in its research report dated November 14, 2022.
Corporate Radar: Vedanta to consider dividend; PTC India results and more
Vedanta has fixed November 30 as the record date to determine shareholders eligibility for the dividend. So far in FY23, the company has declared a total dividend of Rs 51 per share, in two interim dividends of Rs 19.5 and Rs 31.5 per share. Earlier in FY22, the miner announced Rs 45 per share dividend. At the current price, this amounts to a dividend yield of 14.55%. Since 2001, the company has announced a total of 36 dividends, Trendlyne data showed.
Manappuram Finance net up 11 pc to Rs 409 cr in Sept-quarter
The company's consolidated assets under management (AUM) grew by 7.89 per cent to Rs 30,664.96 crore from Rs 28,421.63 crore a year ago, Manappuram Finance said in a release
Arey itni jaldi kaha... abhi to aage aag ka dariya he, ter ke jana he!
May do 110-112 in current leg. What follows that is would be interesting to watch. If somehow manages to cross & sustain above Yellow Zone, would attract many long term investors!
Mutual Fund Meter: Top stock picks & exits by MFs in September
The portfolio rejig comes ahead of the September quarter earnings season in which oil and gas and metal companies are expected to drag. “Sectors focused on domestic consumption, investments are likely to outperform the sectors dependent on global demand, cyclicals and commodities,” Motilal Oswal Financial Services said in a report.
Mutual Fund Meter: Top stock picks & exits by MFs in September
The portfolio rejig comes ahead of the September quarter earnings season in which oil and gas and metal companies are expected to drag. “Sectors focused on domestic consumption, investments are likely to outperform the sectors dependent on global demand, cyclicals and commodities,” Motilal Oswal Financial Services said in a report.
Manappuram Finance Ltd. key Products/Revenue Segments include Interest, Other Operating Revenue, Fees & Commission Income for the year ending 31-Mar-2022.