These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 20%, according to analysts
In the recent phase of correction which the nifty witnessed for four weeks, mid-cap stocks were still under the control of bulls. Overall market participation in this segment continues to rise with market breadth being positive. ET screener powered by Refinitivs Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
Vardhman Textiles, Chemplast Sanmar among 10 stocks with RSI trending up
This article delves into the concept of RSI and its role in evaluating stock movements, particularly those showing upward trends. With StockEdge reporting 17 stocks trending up on Friday, August 18, ETMarkets has spotlighted 10 promising stocks for analysis. By exploring the interplay between RSI and stock trends, investors can glean valuable insights to guide their investment decisions.
Amara Raja Batteries has topped the list of Indian Nifty 500 companies with the widest gap between CEO and median employee salaries, paying its CMD over ₹52 cr, 1,872 times the median employee salary. Small and mid-cap promoter-driven companies, such as Amber Enterprises and JK Paper and Balkrishna Ind, were also featured. The CEO pay hike across some firms was higher than that seen in employee remuneration.
IndiGo's Gangwal family offloads 2.9% stake in Rs 2,800 crore deal
Rakesh Gangwal and his wife, Shobha Gangwal, held about 13.23% and 2.99%, respectively, in IndiGo at the end of June quarter, while their Chinkerpoo Family Trust holds a 13.5% stake, according to exchange data
Wait for Nifty to break above 19,800 region: Anand James
“We would wait for a break above 19,800 region to climb back onto the 20600 trajectory. Alternatively, a slippage back below 19450 could set our eyes on 19139-18900, but the chances of a collapse looks low for next week,” he says.
The Relative Strength Index (RSI) is a crucial tool in evaluating stock movements and identifying potential reversals in momentum. Stocks with declining RSI trends while being in the overbought zone indicate the possibility of a bearish trend. ETMarkets has selected ten such overbought but bearish stocks based on a StockEdge report.
Hundreds pay respects to child raped, strangulated to death in Kerala; demand death for accused
Hundreds of people paid tribute to a girl who was raped and killed near Kochi, demanding a stringent punishment for the accused, especially the death penalty. The accused, a migrant worker from Bihar who lived in the same building, was arrested and will be interrogated once he is not in an inebriated state. Congress MLA Anwar Sadath wants the government and police to ensure the accused receives the highest punishment.
Major real estate developers in India have seen their liquidity and credit profiles improve despite the Covid-19 pandemic, thanks to strong sales momentum in the housing market. Collections and realizations have climbed for major developers across India's top property markets, giving them added strength in leveraging their credit profiles. Companies like DLF, Godrej Properties and Oberoi Realty have seen their gross debts decline by over 42% since the pandemic began in 2019.
TCS, Hindalco, 4 others witness break above 200-day SMA
Tata Consultancy Services, Hindalco Industries and other companies crossed the 200-day Simple Moving Average indicator on July 13, 2023, signaling market growth. TCS and Hindalco Industries' stocks surged past their 200 SMA, while Triveni Engineering & Industries and KIOCL maintained their performance around the 200 SMA. Mobile advertising and marketing firm Affle (India) and real estate developer Sobha also stayed above their 200 SMA. The data was sourced from StockEdge, and today's data on 100 SMA will be updated after market hours.
Inox-PVR a sell on every high; best realty bets for risk-averse investors: Dipan Mehta
“We are shareholders of PVR and on every upside, we are looking at exit opportunities. The reason for that is that the habits have changed and more and more entertainment is being consumed online through OTT platforms to an extent and even through gaming. So I am not positive on the prospects of Inox PVR.”
Praj Industries, Star Health, two others cross 200-day SMA
Praj Industries, an Indian company specialising in sustainable solutions for bioenergy, water, and high purity process systems, showcased promising growth on July 7, 2023. Its stock closed at Rs 397.35, surpassing the 200 SMA of Rs 373.27.
Sobha shares rise over 4% after strong Q1 business update
As per Trendlyne data, the average target price of Sobha stock is Rs 778, which shows an upside potential of 36% from the current market prices. The consensus recommendation from 15 analysts for the stock is a 'Buy'.
Godrej, Sobha and MacroTech top 3 realty picks; accumulate Reliance on dips: Nischal Maheshwari
“We continue to be positive on real estate. The cycle has turned. Unlike other sectors, the real estate cycle historically has been at least five to seven years. This is maybe the second year as far as real estate upturn is concerned. We will find strong growth coming in. There is a lot of pent-up demand in the system.”
Director Akhil Marar wins Bigg Boss Malayalam 5, defeats Reneesha Rahiman by a wide margin
While the competition remained the highlight of the evening, the grand event also treated viewers to a delightful array of entertainment. Evicted contestants dazzled the stage with captivating dance performances, while former participants Sooraj and Noby enthralled the audience with their hilarious comedy skits, ensuring an evening brimming with entertainment.
As far as the Bank Nifty is concerned, it is very much clear I would say that the range for the Bank Nifty is 44,000 on the upside technically and as far as derivatives data is concerned, that is the level.