The market has shown strength for the last three consecutive days. Over the next few days, many heavyweights would be announcing their numbers, which would drive the market direction, according to analysts
Market to remain range bound with positive bias driven by results from index heavyweights. RVNL, Axis Bank, Maruti Suzuki, HUL among stocks to watch on Thursday
Shares of Miniratna Rail Vikas Nigam (RVNL) will be in focus on Thursday morning after the central public sector enterprise (CPSE) was awarded Navratna status by the Ministry of Finance. With this, RVNL would be 13th Navratna among the CPSEs
Maruti Suzuki India Ltd, India's biggest carmaker, on Wednesday, reported 43% surge in its fourth-quarter profit, as it benefited from strong demand for passenger cars. The firm's board approved a final dividend of Rs 90 per share
Dalmia Bharat on April 26 said it will acquire select cement, clinker and power plants of JP Associates, with whom it had inked binding agreements in December 2022 and February this year, at an "enterprise value of Rs 1500 crore, and costs and expenses up to Rs 190 crore"
Axis Bank is expected to report a 39.7% YoY rise in net profit in Q4FY23. The bank is otherwise expected to report a loss of Rs 5,487 crore in the quarter due to the integration with Citibank
HUL is expected to report double-digit revenue growth for the March quarter, led by price hikes. Meanwhile, EBITDA margins are likely to decline year-on-year owing to higher ad-spends and 30 bps royalty impact. The company will announce its results today
“For Nifty, the momentum remains strong and one should keep a buy approach and expect targets of 18,000/18,200 in the near term. The monthly expiry indicates resistance at 18,000 where the highest open interest is built up on the call side,” said Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities
“In the short term, Bank Nifty trend remains bullish with the new range for traders being 42,500-43,000, where writers have significant build-up. On the lower end, a fall below 42,500 may trigger panic in the banking space; whereas on the higher end, a decisive rise above 43,000 may induce further rally,” said Rupak De, Senior Technical Analyst at LKP Securities
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