“We expect the gradual up move in the market to continue given the positive macro and micro factors. We suggest investors to look for buy on dips strategy as the Q1 earning season is expected to be healthy,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Financial Services
“We expect Nifty to hold the 19,300-19,500 zone now so traders should utilise intermediate pause or a dip to create longs,” said Ajit Mishra, SVP - Technical Research, Religare Broking. Blue Dart Express, IndusInd Bank, RVNL, Polycab India, Tata Coffee, Tata Communications, among stocks to watch on Wednesday
Blue Dart stock will be in focus on Wednesday, July 19, as the shares will trade ex-dividend. The company had announced a dividend of Rs 30 per equity share
Mahindra Lifespace Developers stock will be in focus on Wednesday, July 19, as the shares will trade ex-dividend. The company had announced a dividend of Rs 2.3 per equity share
IndusInd Bank stock will be in focus as the lender on Tuesday reported a 32.45% YoY rise in standalone net profit at Rs 2,123.62 compared with Rs 1,603.29 crore in the corresponding quarter last year. Net interest income (NII) for the quarter came in at Rs 4,867.11 crore compared with Rs 4,125.20 crore in the same quarter last year, up 17.98%
L&T Finance shares will be in focus as the company is scheduled to report its Q1FY24 earnings today (July 18
Polycab India stock will be in focus as the cables and wire maker logged a stellar 81.68% rise in profit at Rs 399.27 crore for the June 2023 quarter against Rs 219.76 crore profit in the corresponding quarter of previous fiscal. Sales climbed 42.13% to Rs 3,889.38 crore in Q1FY24 against Rs 2,736.56 crore in the June 2022 quarter
Rail Vikas Nigam Ltd and Russian rail infra major Transmashholding on July 18 announced their decision to form a joint venture to manufacture Vande Bharat trains. A share purchase agreement has been signed between RVNL subsidiary Kinet Railway Solutions, RVNL, Joint Stock Company Metrowagonmash, and Joint Stock Company Locomotive Electronic Systems
ACGL, Bank of Maharashtra, Betala Global, Can Fin Homes, Century, Fredun Pharmaceutical, Good Luck, Hatsun Agro, Integra Engineering, Jubilant Pharmova, KCP Sugar, L&T Finance, Mastek, Newgen Software, Oriental RI, Premier Explosives, Tata Coffee, Tata Communications, Teesta Agro, TRF
"The near-term trend of Nifty remains up and any consolidation from here could be a buy on dips opportunity. Immediate support is placed at 19,550-19,600 levels and the upper area of 19,800-19,850 could act as a short-term resistance," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities
“Bank Nifty consolidated after a sharp surge in the previous trading session. This consolidation is a healthy sign, and any dip should be used as a buying opportunity. The daily momentum indicator has a positive crossover and thus any sip is a buying opportunity. On the upside we expect the Bank Nifty to target levels of 46,000 and 46,500," said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position