Month: April 2020

​​On the weekly chart, the Nifty has formed a long bearish candle with long upper shadow which indicates every pullback action is witnessing selling pressure.   – Stocks-Markets-Economic Times

Nifty futures on the Singapore Exchange traded 22.25 points or 0.26 per cent higher at 8,484, indicating a positive start for Dalal Street.   – Stocks-Markets-Economic Times

The brokerage has cut FY21 and FY22 EPS estimates by 14.7 per cent and 15.8 per cent respectively.   – Stocks-Markets-Economic Times

One can look at accumulating quality scrips like ICICI Pru, HDFC Life, ICICI Lombard, SBI Life, HDFC Asset for the long term, and can also add quality FMCG scrips like … Read More

The company’s underlying business operations continue to remain of very high quality, said Citigroup.   – Stocks-Markets-Economic Times

The premium valuation multiple for TVS is not justified as it is unlikely to grow at a faster pace than Hero or Bajaj, the brokerage said.   – Stocks-Markets-Economic Times

The brokerage has cut its earnings estimates on Bajaj Auto for FY21and FY22 by around 2.8 per cent and 7.6 per cent respectively.   – Stocks-Markets-Economic Times

RSI as per Friday’s closing was at 30 for Nifty and for Bank Nifty at 26.   – Stocks-Markets-Economic Times

In the near term, the lockdown is likely to hurt the business significantly, said Citigroup.   – Stocks-Markets-Economic Times