CORPORATE RADAR

RailTel, IRCTC among railway stocks rallying up to 9%. What’s the trigger?

Railway stocks like RailTel, IRFC, RVNL, Ircon International, and Titagarh Rail Systems surged up to 9% on BSE today amid positive news flow.

Suzlon shares dip 5% as independent director resigns

Shares of Suzlon Energy dropped by 5% during Monday's early session, hitting the day’s low of Rs 47. This decline followed the resignation of the company’s independent director, Marc Desaedeleer, from his directorship on June 8.

IPO Calendar: Ixigo's Rs 740 crore issue, 4 listings on primary market radar next week

The IPO of Le Travenues Technology which operates the travel platform Ixigo is set to launch on June 10, along with Kronox Labs' debut. Analysts foresee a surge in IPO activity in the coming days.

Defence stocks: Long runway, hedge a bit to avoid narrative-based decisions; 8 PSU & Pvt sector stocks, 4 with upside potential of upto 44%

In an election season, there are bound to be times when one or the other narrative may make one question about whether one should sell the stocks. The underlying reason would be fear of losing the gains on which one is sitting. Especially when it comes to sectors like defence, railways and others which have seen a strong re-rating and siting with big gains and already there has been skepticism about their stock price moving ahead of time. Now let's look at the issue in two ways, first is whether the fundamentals of the sector are on a strong foot and business is fine or not. Second, how to hedge the exposure so that one is not forced to sell due to narrative, because the fact is that a continuation in policy push means that the companies have just started their journey. While defence PSUs are well known, there are other private sector players, whose lifeline is dependent on defence expenditure and in the last few years they have also done well, both on the street and in terms of real business. So, it is better that one should hedge and stay with them and not get jittery because of one or the other narrative which will keep hitting the street till 4th June.

Stock Radar: 50% rally in 6 months! This railway stock could hit fresh record highs soon; time to buy?

The stock has breached a 4-month consolidation and this has made room for it to head towards 1,200 levels. If the momentum continues, the stock could hit fresh record highs. The railway stock rose from Rs 696 as of November 28, 2023, to Rs 1,101 on May 27, 2024, which translates into an upside of 58%.

Candidates of strong directional move on 4th June: 5 PSU stocks which have benefited the most due to government policy push and spending

​In the last two years, it is a well known fact that every PSU stock has been re-rated by the street, right from perennial under-performers like oil marketing and refining oil companies to PSU banks. But if one looks a bit deeper there are some which have been re-rated more than others. The reason, these are PSUs which are from the sectors where the government has clearly decided are its priority areas and there has been a policy push for these sectors. A company which is going to be providing finance for the expansion of the solar energy network which is the next focus of the government. The overall demand runway for these sectors is longer which means overall growth will be higher when confirmation of policy continuity comes. Also they are in business where it would be difficult for the private sector to compete. Now because it is the policy push which matters, the continuity of tailwinds of higher government spending, will push them for another round of re-rating on the result day.

Stock Radar: 70% rally in 1 year! This oil & gas stock making higher highs on monthly charts; what should investors do?

Tracking the momentum, BPCL shares hit a record high of Rs 687 on February 16, 2024, but it failed to hold the momentum. The oil & gas stock witnessed a price-wise correction but is showing signs of bottoming out.

Stock Radar: Abbott India on verge of a breakout from Bullish Flag pattern; target placed around Rs 30,000

A close above Rs 26,600 which also coincides with the 20-week moving average could add more momentum to the stock pushing it toward the Rs 30,000 mark. Short-term traders with high-risk profiles can look to buy Abbott India on dips for a target above Rs 30,000 in the next 4-6 weeks, suggest experts.

Stock Radar: 50% rally in 6 months! This logistics stock can give 30% return in 3-6 months; time to buy?

The logistics stock hit Rs 1,035 on February 23, 2024, but failed to hold momentum. It witnessed a dip which took the stock below crucial short-term moving averages and bounced back.

Fundamental Radar: Why Arun Agarwal is bullish on InterGlobe Aviation stock?

InterGlobe Aviation's market leadership through network leverage for international journey expansion anticipates robust demand growth from the rising middle class. IndiGo's differentiation with high frequency, codeshare, and large connectivity supports bullish brokerage outlook with a fair value of Rs 4,300.

Stock Radar: IRCTC found support above 20-week EMA after hitting a high in January; should you buy?

Short-term traders are advised to buy the stock for a possible target of Rs 1,040 in 1-2 months. ​IRCTC stock hit a 52-week high of Rs 1,049 on January 23 but failed to hold the momentum. It drifted lower and closed at Rs 928, which translates into a downside of over 11%.

India bright on radar of global players; am optimistic about future: Nykaa Founder Falguni Nayar

In an exclusive interview with PTI, Nykaa founder and CEO Falguni Nayar said the recent instances of corporate governance lapses in some well-known startups will lead to greater scrutiny by investors (in the ecosystem), and asserted that governance agenda has to be set out very early in an entrepreneurial journey.

Budget stocks to buy: Over 50 promising ideas on investor radar across sectors

Finance Minister Nirmala Sitharaman resisted the lure of populist schemes in an election year but followed the fiscal deficit consolidation path by maintaining its investment-led spending growth strategy. Stocks from several sectors like tourism, housing finance, solar, rail, microfinance and auto will be key beneficiaries.

Stock Radar: 20% rally in a month! Should you buy, sell or hold this oil & gas stock?

The Oil and Natural Gas Corporation stock hit a fresh 52-week high of Rs 234 in intraday trade on 15 January. It has rallied from Rs 195 recorded on December 14, 2023, which translates into an upside of about 20%. It rose over 7% in a week and more than 26% in the last 3 months. The momentum has helped the stock break out from a swing high of Rs 234 recorded in February 2015.

Stock Radar: Coastal Corporation hits fresh 52-week high in January; should you buy the stock?

Coastal Corporation is a micro-cap stock with a market capitalisation of Rs 430 crore (as on 9 January 2024). It is one of the leading producers and exporters of high-quality aquaculture seafood products across the globe. The micro-cap stock rose from Rs 255 on 8th December 2023 to Rs 326 recorded on 8th January, which translates into an upside of over 27% in a month. It rose more than 15% in a week.

Fundamental Radar: Siemens to see 15% sales CAGR over FY23-26 led by 3 segments: Sneha Poddar

The company has also been benefiting from decarbonisation-related initiatives from corporates and the uptick in investments in data centres, automation and digitization.

Stock Radar: Up 20% in 3 months! Should you buy, sell or hold Container Corp after breakout?

The breakout has opened room for the stock to head towards Rs 900 levels in the next 3-4 weeks, suggest experts. Short-term traders can look to buy the stock now or on marginal dips as the stock is likely to continue its winning run, they say.

Stock Radar: Stay put! IRCTC could hit fresh 52-week high in 2-3 months

The stock hit a 52-week high of Rs 758 on 8th September 2023 but failed to hold on to the momentum and has corrected by over 40% from its record high of above Rs 1200 in October 2021. It formed a strong base above Rs 600 levels in March 2023 and has moved up steadily since then. It gave a breakout from a falling trendline from April 2022 high on the weekly charts.

Stock Radar: Nearly 50% rally in November! Should you buy PFC or book profits?

In terms of price action, the stock is trading well above most of the crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts. The daily Relative Strength Index (RSI) is at 79.9. RSI above 70 is considered overbought. This implies that stock may show pullback. The daily MACD is above its center and signal Line, this is a bullish indicator.

Fundamental Radar: Why does LIC’s valuation look undemanding despite structural challenges?

On a year-to-date basis, the stock has given negative returns of nearly 12%, whereas the benchmark Nifty 50 has given positive returns of over 7% in the same period.

These 4 Nifty stocks will trade ex-dividend this week

Stock Radar: 30% in a month! SCI nears breakout from a 15-year falling trendline. Time to buy?

The stock has been in a corrective phase after it made a top around Rs 221 levels back in January 2008 on the monthly charts. It made a base around Rs 26 levels in August 2013 and then again in September 2019. It is now on the verge of giving a breakout from a downward-sloping trendline resistance on the monthly charts. However, it has confirmed a breakout on weekly Heikin Ashi charts, suggesting that the up move has started

Stock Radar: Post 16% rise in a week, there is more room to rally. Is this financial stock a good buy now?

Traders can remain in the stock as long as it holds on to last week’s support of Rs 34 on a closing basis, suggest experts. In terms of price action, the stock is trading well above most of the crucial short- and long-term moving averages such as 5,10,30,50,100 and 200-DMA on the daily charts, which is a positive sign for the bulls.