CONSOLIDATION
Microsoft consolidates retail channels in China
Microsoft consolidates retail channels in mainland China, impacting authorised physical retailers. Closure details undisclosed. No confirmation on number of stores impacted. Company focuses on channel approach in Mainland China. Products available via partners and website. No direct physical stores in China. Report by Casey Hall; Edited by Stephen Coates.
Amnish Aggarwal on 2 top cement large-cap stocks to bet on; best buy in auto
“Mahindra & Mahindra continues to be an exception where the volume growth continues to be good, both in UVs as well as if you look at the tractors, tractors after last year's decline are turning to be positive, although the valuations are rich, if a double-digit volume growth in the PV business continues, M&M can still do well from the current levels.”
UltraTech's India Cements stake buy a win-win for both. Here's what analyst said on industry consolidation
UltraTech Cement's Rs 1,885 crore stake purchase in India Cements is expected to be mutually beneficial for both companies and would consolidate its position in South India at a time when the Adani Group's acquisitive spree is intensifying competition between the two players.
Stock Radar: Page Industries back above 40,000; stock breaks out from 15-month consolidation
Page Industries Ltd breaks out from a consolidation phase, supported by key technical indicators, suggesting a bullish trend ahead with targets set at 43000-46000. Traders can consider accumulating the stock within a specified range for potential gains.
Consolidation push to continue as key raw material gets scarce: 11 small cap cement stocks which fit the bill and may see some action
In less than a month, two cement majors clearly showed their intent. The intent is to grow through an inorganic route. One by complete acquisition, the other by taking a large stake in the company. Another common thing, both of them are focussed on the southern part of India, where the cement companies have a history of being under pressure. So why are they looking toward southern India? The answer lies in something else. It is one of the key raw materials that have become scarce and that is what is leading to a situation where big players clearly know that if they have to grow their capacities they have to pick on companies which have access to that critical raw material. This aggressive consolidation is likely to continue and it is the smaller players which are likely to be targeted.
Stock Radar I Time to buy? Indian Hotels gave a breakout from a 4-month consolidation: Shivangi Sarda
"Indian Hotels stock has recently given a breakout of its range of the last four months and is making higher highs from the last six weeks. Traders can buy for a target of Rs 685 in the next 3-4 weeks," Shivangi Sarda, Analyst, Derivatives and Techn...
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Stock Radar: IEX hits fresh 52-week high; breaks out of almost 2 years of consolidation
From Rs 144 on May 14 the IEX stock rose to Rs 170 on June 14 — an upside of over 24% in a month. The momentum fuelled a rally in the stock, which hit a fresh 52-week high of Rs 182 on June 14. After a prolonged consolidation of 2 years, it witnessed a time-wise and price-wise correction and eventually found support above 110 levels in June 2023. It quickly recouped losses and built on gains. Despite this, it failed to hold above the 170 level again in January 2024.
Consolidation phase to continue for banks; SBI, HDFC remain preferred picks: InCred Equities
The domestic brokerage firm also stated that the bank managements are already adopting various means including driving staff KRAs and incentivizing employees towards higher deposit augmentation and the recent branch expansion of most banks in semi-urban/rural areas will drive the CASA deposits momentum
Stock Radar: Balrampur Chini breaks out from 6-month consolidation range; time to buy?
Balrampur Chini Mills Ltd, a major player in the sugar industry, experienced a significant stock rally and breakout, supported by technical indicators. The stock's positive momentum suggests a potential upside towards 485-490 levels.
A break above 23,500 may clear Nifty’s path to 24,000
Technical charts, options data, and India VIX levels suggest possible consolidation for the Nifty within the 23,200-23,600 range this week. If the index anages to close decisively above 23,500, it could move towards 24,000, analysts said. M&M, TVS Motors, Bharti, Indian Hotels, ICICI Lombard, Cipla, JB Chemicals, harmabees, and Hindustan Zinc are some of the stocks recommended by the analysts for trading.
Stock Radar: 100% rally in a year! This auto stock gives a breakout from 10-week consolidation; time to buy?
Bajaj Auto, part of the auto space, doubled investors’ wealth in the last year, hitting a record high in June 2024. Analysts suggest further upside potential with technical indicators supporting the bullish trend.
No rate cut seen in August either, but enough signs of a shift in stance
The minutes of the meeting will be available on June 21. Varma and Goyal have argued that high interest rates might be hindering potential growth. They have previously debated that a high real interest rate—the difference between the actual interest rate and inflation—could be compromising growth.
NYSE glitch sparks volatility in dozens of stocks
A glitch at the NYSE caused major swings in Berkshire Hathaway and Barrick Gold shares, leading to trading halts in multiple companies. The issue was resolved, with impacted stocks resuming trading after a technical problem was fixed.
Brigade Enterprises shares rise 9%, hit 52-week high after Q4 profit jumps nearly 3-fold
Brigade Enterprises' shares surged 9% to a 52-week high after reporting a three-fold jump in net profit. Managing Director Pavitra Shankar expressed confidence in sustained performance with ongoing and upcoming projects in Bengaluru, Chennai, and Hyderabad.
Stock Radar: Timken India breaks out from consolidation phase; could hit 5,000 levels
Timken India shares have been stuck in a range since November 2022 where Rs 3,700-3,800 acted as a stiff resistance, while on the downside, levels above Rs 2,500 acted as support on the weekly charts. Short to medium-term traders can look to buy the stock on dips for a possible target of Rs 5,000-5,100 in the next few months, suggest experts.
TRADERS’ CORNER: Financial service player offers 5% gain; dairy stock set to milk 7%from its surge
Nifty hit a high in afternoon trade and then gave up its gains to end with a loss.
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%.
Tech View: Nifty consolidating around Mt 23k for 3 days. What traders should do
Analysis of OI data reveals that the call side exhibited the highest OI at the 23,000 strike price, followed by 23,500 strike prices, whereas on the put side, the highest OI was observed at the 22,500 strike price.
Stock Radar: RCF breaches 3-month consolidation range; should you buy this fertiliser stock?
The fertiliser stock hit a record high of Rs 190 on January 20, but the rally fizzled out and it witnessed a steep decline dropping below crucial moving averages. It took support around 120 levels in March 2024 and bounced back. Although the journey remained volatile, it managed to reclaim crucial moving averages, which suggests that bulls are taking control.
GIFT Nifty down 15 points; here's the trading setup for today's session
He expects more consolidation before the next leg of uptrend resumes amid an already sharp run-up with Nifty now likely to consolidate around 23,000 till the monthly expiry.
Tech View: Nifty stiff resistance around 23,000-100. What traders should do on Tuesday
An analysis of Nifty put options reveals a concentration of Open Interest (OI) at the 22,700 level, implying potential support at this level. On the call side, significant OI concentrations are observed at the 23,200 and 23,500 levels.
Divi’s Laboratories shares rally 5% post Q4 results. Should you buy, sell or hold?
Divi’s Laboratories saw a 5% surge in its shares on the BSE during Monday's trading session, reaching a new 52-week high of Rs 4,335. This rise came as brokerages such as Motilal Oswal and InCred expressed bullish sentiment towards the stock, following the company's impressive performance in Q4, where it reported a 68% year-on-year increase in profits, reaching Rs 538 crore.
Suzlon Energy shares under pressure post Q4 results; brokerages raise target price to Rs 54
Suzlon Energy shares dipped 2% to Rs 45 after a 21% decline in Q4 net profit to Rs 254 crore. The consolidated net profit for 2023-24 fell to Rs 660 crore while total income rose to Rs 2,207.43 crore. Analysts from ICICI Securities and JM Financial are bullish on the stock.
Consolidation breakout can take Nifty to 23,400: Analysts
Nifty has recorded a breakout from three months of consolidation backed by faster retracement as it entirely retraced the past nine weeks of consolidation (22,800-21,700) in just two, exhibiting a robust price structure that bodes well for an extension of the ongoing up-move towards our target of 23,400.
Stock Radar: Nearly 300% returns in 1 year! Rally intact in this shipbuilding stock which gave multibagger returns
Mazagon Dock Shipbuilders Ltd provided significant returns in the last year, with a recent breakout indicating potential for further growth in stock prices.
TRADERS’ CORNER: Healthcare stock set to rise 6% and metal gets ready for 7% rally
The Nifty opened lower and ended the day with modest gains after spending the day in a capped and narrow range.
Traders’ Corner: Realty stocks make the base for 5-7% returns
Nifty opened higher but withdrew immediately. It stayed in a sideways trajectory and closed flat.
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