Fanory is an AI-enabled co-pilot, or the “Shopify for creators” which enables them to create a personalised app where they can host fan meetups, live interactions, exclusive consultations for their superfans (or loyal customers).

A broad consensus amongst US-based investors is that India’s capex cycle is on upswing, a recent report by Jefferies said

Mazagon Dock Shipbuilders, Bank of India, Thermax, Uno Minda, and Vedant Fashions are the five midcap stocks which saw mutual funds reducing their exposure for three months in a row, according to the data shared by Nuvama Institutional Equities.

Prabhudas Lilladher recommended hold rating on Thermax with a target price of Rs 2771 in its research report dated October 06, 2023.

Stocks that were in focus include names like HUDCO which was up more than 3%, Thermax closed with gains of over 2% to hit a fresh lifetime high and Indian Bank pared gains and closed with gains of nearly 1% on Wednesday. All stocks hit a fresh all-time high.

On September 18, Monday, StockEdge identified 30 stocks trending up, a signal that investors often find valuable. ETMarkets has cherry-picked 10 of these stocks to explore their Relative Strength Index (RSI) trends and shed light on why RSI is a crucial tool for assessing stock movements.

Capital goods have seen an FII inflow of $4.8 billion till August, overtaking the financial services sector at $4.06 billion. FII weightage in capital goods has increased from 4.4% at the start of January to 6.2% at the end of August, according to data from Emkay Global.

In the case of BHEL, "if you were to just consider Rs 140 as a long-term resistance level, once it breaks out over there, the momentum will carry this trade into next year. Our targets are around Rs 180-200 and possibly higher as the new addition in the order book starts flowing in."

Sharekhan is bullish on Thermax has recommended buy rating on the stock with a target price of Rs 3235 in its research report dated August 31, 2023.

Prabhudas Lilladher recommended hold rating on Thermax with a target price of Rs 2613 in its research report dated August 23, 2023.

Jefferies analysts have raised FY24 earnings estimates for 46 percent of the 149 companies it tracks and downgraded 44 percent of the firms.

"As far as the top line is concerned, definitely there will be growth compared to last year. That is quite evident from the order backlog, which we are carrying, which is at a historic high. As far as new orders are concerned, our order intake will be more than what we are going to execute this year. We are now very well poised in a couple of orders to the tune of Rs 1,500 crore. "

"The next few quarters may certainly be very good for pharma companies. But these are no longer the secular growth stories which we have pursued back in the 2000 or 2010 era, when companies like Sun Pharma, Lupin, Dr. Reddy, Cipla were easily growing at 20% plus," says Dipan Mehta.

LKP Research is bullish on Thermax has recommended buy rating on the stock with a target price of Rs 2825 in its research report dated August 04, 2023.

Sharekhan is bullish on Thermax has recommended buy rating on the stock with a target price of Rs 2950 in its research report dated August 02, 2023.

Prabhudas Lilladher recommended hold rating on Thermax with a target price of Rs 2613 in its research report dated August 02, 2023.

Promoters held 61.98 per cent stake in the company as of 30-Jun-2023, while FIIs owned 12.35 per cent, DIIs 15.5 per cent.

The company's order book also remained healthy at Rs 2,567 crore by the end of the June quarter.

Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.

Securities in the ban period under the F&O segment include companies in which the security has crossed 95% of the market-wide position limit.

HEG formed bullish candlestick pattern with long upper shadow on the daily charts. The stock has seen a breakout of small downward sloping resistance trendline, which is a positive sign.

On Thursday, July 13, 2023, several significant stocks, including Finolex Cables, TCS, KIOCL, Triveni Turbine, Thermax, Aptus Value Housing Finance India, L&T Technology Services, and HDFC Bank, crossed their 50-day Simple Moving Average (SMA) indicating a potential shift in short-term momentum. These companies displayed impressive performance and positive momentum, surpassing their respective 50 SMA, which is considered a positive sign for investors.

Net Sales are expected to increase by 15 percent Y-o-Y (down 17.7 percent Q-o-Q) to Rs. 1,902.7 crore, according to Nirmal Bang.

The Relative Strength Index (RSI) is a technical indicator that measures recent price changes in a stock, helping investors analyze stock movements to make informed investment decisions. A reading above 70 indicates overbought conditions, and below 30 suggests oversold conditions.

Zee Entertainment Enterprises, Orient Electric, Thermax Limited and Vaibhav Global Limited showed promising growth on July 7, 2023, by crossing their 100-day Simple Moving Average (SMA). Zee Entertainment Enterprises, a media and entertainment company, closed at Rs 206.15, Orient Electric at Rs 252.30, Thermax Limited at Rs 2273.90

Several stocks, including Indian Bank, Canara Bank, Thermax, Tata Consultancy Services, Wipro, Atul, and Sun TV Network, closed above their 100-day Simple Moving Average (SMA) on June 30, 2023. This indicates potential short-term upward momentum and the emergence of a bullish pattern. These stocks belong to various sectors, including banking, engineering, IT services, chemicals, and media. Please note that this article has been generated by AI and contains data sourced from StockEdge. The opinions expressed in this article do not represent those of the Economic Times.

“If you are prudent and you have been in the stocks which we have been playing, this is a very good time to book some profit but get more into midcaps because the colour is changing. The market breadth is broadening and who knows midcaps again can be a lot of value plays.”