REVERSE STOCK
TCS reverses headcount trend, adds 5,452 employees in Q1 FY25
TCS's Q1 FY25 net employee count grew by 5,452 to 606,998, as per stock exchanges. Post a 13,249 reduction in FY24 (first annual drop in 19 years) and a Q4FY24 staff cut. Consolidated net profit declined 3.16% QoQ to Rs 12,040 crore but increased YoY from Rs 11,074 crore. March and previous quarter noted 12.1% attrition.
Stock Radar: Multibagger in a year! This lubricant stock forms Rounding Bottom formation; what should investors do?
Tide Water Oil (India) Ltd. stock surged 123% over a year, breaking out from a Rounding Bottom pattern on weekly charts. Analyst set a target price of Rs 2,800 with a stop loss at Rs 1,800. The stock is above 21, 50, 100 WEMA, tracked by RSI above 70, and daily MACD.
Budget 2024: India's FDI flows are dropping, can FM Sitharaman formulate policy measures to reverse the trend?
Budget 2024 expectations: Union Budget 2024 is fast approaching, and Finance Minister Nirmala Sitharaman is expected to introduce more liberalized norms for foreign investments, as Foreign Direct Investments (FDIs) play a crucial role in the Indian economy's growth prospects. Net FDI inflow in the fourth quarter stood at $2.0 billion, down from $3.9 billion in the third quarter and $6.4 billion in the same period last year.
Biotech firm Vyome Therapeutics to go public via reverse merger with Nasdaq-listed Reshape Lifesciences
Vyome Therapeutics, a biotech company backed by Manipal group chief Ranjan Pai, will go public in the US through a reverse merger with US-based Reshape Lifesciences. Pai, along with investors Remus Capital and Iron Pillar will invest at least $7.3 million in the merged entity through a private placement.
Weekly Top mid and smallcap picks: These mid and smallcap stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
Stock Radar: This sugar stock is showing signs of bottoming out after 24% fall from highs; time to buy?
Dalmia Bharat's stock stabilizes as experts recommend a bullish outlook, targeting above Rs 2,100 in the volatile sugar industry. The company's price movements reflect a harmonic pattern signaling potential reversals.
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Stock Radar: Multibagger Alert! This power stock doubles in 1 year. Should investors buy or book profits?
Short-term traders are advised to consider buying NTPC shares now with a target price of Rs 400-415 over the next 3-4 weeks, according to experts. The stock achieved a fresh record high of Rs 395 on June 4, 2024, although it initially struggled to maintain momentum. However, it rebounded after testing the 100-day Exponential Moving Average (EMA) on the daily charts.
Stock Radar: Contra buy? Bullish Gartley pattern in Anupam Rasayan points to potential reversal after 30% fall from highs
Anupam Rasayan's Bullish Gartley pattern suggests a potential bounce back, with a target of Rs 1,040 and a stop-loss strategy below 670 on a weekly closing basis. Traders can consider building positions up to Rs 755 for potential gains.
Better to own a set of stocks from the digital ecosystem rather than betting on one stock? 15 stocks with upside potential of upto 48%
Few day’s back there was an issue with the telecom provider and the services stopped for some time. Now which would be the companies which got impacted the most, the telecom service provider, the answer is no. As a customer one would not get any reduction in the monthly billing because services were down for some time. The companies which may have got impacted would be a platform company on which one orders food, such as a swiggy or zomato. The reason, in the peak time of demand, a customer is not able to order food online due to internet service being down, that demand will not come back when the internet is back. But the other platform company which sells insurance was also not impacted. The reason is, if one was planning to buy an insurance policy and there is no internet, the demand will get postponed not get extinguished. The digital ecosystem is making things simple but it is yet complicated when it comes to investing.
Get-rich-quick trades suddenly reverse as Nvidia, Bitcoin slump
Investors face volatility as Bitcoin and Nvidia suffer losses, emphasizing the need for market diversification beyond technology.
Tesla tells judge that shareholder vote should reverse Elon Musk's pay ruling
Tesla urges Delaware judge to recognize shareholders' vote supporting Elon Musk's $56B pay package, reverse voiding ruling, and reject $6B legal fee request by lawyers in lawsuit against Richard Tornetta.
A confident NDA can propel Nifty towards 26,300: Rupak De of LKP Securities
In the midst of a tumultuous political scenario, the market may find reason to correct back to recent lows or even lower in the medium to long term. Conversely, a confident NDA could propel the Nifty towards 26300 and beyond in the medium to long term.
Sebi extends settlement scheme period till June 10 in illiquid stock option cases
"It has been observed that during the last few days, a large number of entities have shown interest in availing the scheme. Considering the interest of entities in availing the scheme, the competent authority has extended the period of the scheme till June 10, 2024," Sebi said in a statement.
Stock Radar: Coal India breaks above inverse Head & Shoulder pattern after rallying nearly 100% in a year; time to buy?
The stock price rose from Rs 237 as on May 5, 2023, to Rs 460 as on May 6, 2024, which translates into an upside of over 94% in a year. It hit a record high of Rs 487 on February 16, 2024, but failed to hold the momentum and witnessed time-wise and price-wise consolidation.
Tech View: Nifty finds support at 50-DEMA. What should traders do on Wednesday
Nity on Tuesday ended 140 points lower to form a long negative candle pattern with a minor lower shadow on the daily chart and found support around the 50-day exponential moving average at 22,240 levels.
Wall Street humbled as fast-reversing markets confound the pros
With inflation up, economic growth down and two-year Treasury yields testing 5%, Bill Gross sensed the music in markets was fading, and said it was time to get over the likes of the Magnificent Seven.
Wall Street humbled as fast-reversing markets confound the pros
With inflation up, economic growth down and two-year Treasury yields testing 5%, Bill Gross sensed the music in markets was fading, and said it was time to get over the likes of the Magnificent Seven.
This apparel maker and a shipbuilder lay the keel for 7% gains
Nifty opened higher but started losing altitude in the second half. The headline index closed with a modest gain.
This stock is set to zoom 13%; commercial service player aims at 7% rise
Nifty traded near its high point in the first half and then rapidly lost ground to close with a loss.
Stock Radar: Down 40% from peak! Bata India forms bullish reversal pattern; time to buy?
The footwear stock hit a record high of Rs 2,261 on November 16, 2021, but failed to hold on to the momentum. It closed at Rs 1,341 on April 15, 2024, which translates to a 40% fall. If the stock stays above Rs 1,300, a possible bounce back towards Rs 1,500 could be on the cards.
Stock Radar: GSFC shows signs of trend reversal after falling 30% from highs
The fertiliser stock hit a record high of Rs 322 on January 23 but failed to hold the momentum. It closed at Rs 213 on April 1, which translates into a downside of about 30%. After undergoing a steep correction in a matter of months, the stock picked up momentum in the last 5 trading sessions.
Technical Stock Pick: Jyothy Labs showing signs of reversal after 20% fall from highs
Jyothy Labs, after a 20% fall, aims for a Rs 500 target. With RSI at 50.1, a positive divergence hints at further rise. Traders could buy at Rs 448-453 with a stop-loss at Rs 425.
Japan's Nikkei reverses course to end higher as chip stocks narrow losses
Japan's Nikkei share average changed course to end higher on Thursday, as heavyweight chip-related stocks narrowed early losses and energy shares gained.
IIFL Finance shares rally 9%, reverse 4-session losing streak
IIFL Finance Share Price: Shares of IIFL Finance rose 9% after a 4-session decline. Fairfax India provided $200M liquidity support amid RBI's gold loan disbursement embargo. Jefferies downgraded the stock. The RBI found violations in IIFL Finance's gold loan portfolio.
Which are the midcap and smallcap funds that look good for 2024? Nirav Karkera answers
Nirav Karkera says: “If you want to play on stocks which reflect on factors the government policies are focusing on and macros are in favour of, very good opportunities are available in the mid- and smallcap space and for most of these segments are almost absent in the large-cap space.”
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