Page 35 - Stock Market Trading
Here's why Vinay Rajani is bullish on KIMS, Pfizer; bearish on Nifty
On the broader market outlook, the technical analyst from HDFC Securities says that the indicators and oscillators have turned bearish on the short term charts for the Nifty 50.
 "Here's why Vinay Rajani is bullish on KIMS, Pfizer; bearish on Nifty")
TCS Q2 result: Brokerages upbeat on margin improvement; macro risks remain
TCS Q2 earnings review: Its attrition inched up to 21.5 per cent over the preceding quarter's 19.7 per cent. It said the quarterly annualized attrition has peaked in Q2 and should taper down from here
 "TCS Q2 result: Brokerages upbeat on margin improvement; macro risks remain")
Infosys gains nearly 1% as board to consider share buyback on Thursday
The company's board will consider a proposal for buyback of fully paid-up equity shares at its meeting on October 13, 2022 and also announce its September quarter earnings.
 "Infosys gains nearly 1% as board to consider share buyback on Thursday")
Analysts bet on TaMo's India biz as JLR Q2 sales disappoint; stock dips 5%
Following the development, global brokerage JP Morgan downgraded the stock from 'overweight' to 'neutral' with a September 2023 price target of Rs 455.
 "Analysts bet on TaMo's India biz as JLR Q2 sales disappoint; stock dips 5%")
Ahead of rights issue, charts hint steady gains for Suzlon; 200-DMA is key
There is a bullish formation of a "Higher High, Higher Low" pattern on the daily chart, and only if the stock breaks the 200-DMA the trend could turn negative.
 "Ahead of rights issue, charts hint steady gains for Suzlon; 200-DMA is key")
Shipbuilding stocks rally up to 11%; Mazagon, Garden Reach hit new highs
The defence shipbuilding segment continues to look promising on account of ambitious acquisition plan of Indian Navy and Indian Coast Guard.
 "Shipbuilding stocks rally up to 11%; Mazagon, Garden Reach hit new highs")
Vedanta, JSW can soar up to 18% as Nifty Metal eyes 'Golden Cross' breakout
The Nifty Metal index can rally up to 11 per cent following the breakout. Among individual stocks, Tata Steel needs to conquer its 200-DMA to gain strength.
 "Vedanta, JSW can soar up to 18% as Nifty Metal eyes 'Golden Cross' breakout")
HBL Power extends rally on healthy outlook; stock zooms 31% in 4 days
The company's electronics vertical is expected to emerge as the key business and profitability driver over the coming years.
 "HBL Power extends rally on healthy outlook; stock zooms 31% in 4 days")
Strong rebound in BFSI funds makes a good case for taking an exposure
Since these funds can be volatile, limit your exposure to 5 per cent
 "Strong rebound in BFSI funds makes a good case for taking an exposure")
Brickwork impact: Charts favour Icra; CRISIL, CARE Ratings test key levels
ICRA and CRISIL have gained up to 22 per cent so far this year, while Care Ratings has been a underperformer, down 14 per cent.
 "Brickwork impact: Charts favour Icra; CRISIL, CARE Ratings test key levels")
Varroc Engg tanks 9% as firm sells 4-wheeler lighting biz at reduced price
As per the revised terms, the said transaction price was reduced from euro 600 million to euro 520 million.
 "Varroc Engg tanks 9% as firm sells 4-wheeler lighting biz at reduced price")
Titan zooms 6%, nears record high; can hit Rs 2,800, tech charts suggest
Tata Group firm said its witnessed healthy double-digit growth across most businesses with overall sales growing 18 per cent YoY in September quarter.
 "Titan zooms 6%, nears record high; can hit Rs 2,800, tech charts suggest")
Mehul Kothari recommends these 2 stocks on 'Symmetrical Triangle' breakout
According to the technical analyst from Anand Rathi, Godfreh Phillips can jump to Rs 1,320, while Zydus Wellness can be bought for a target of Rs 1,860.
 "Mehul Kothari recommends these 2 stocks on 'Symmetrical Triangle' breakout")
Derivatives analyst Nandish Shah recommends bull spread strategy on L&T
The analyst from HDFC Securities recommends buying 1920 Larsen & Toubro October Call and selling 1960 Call of the same series.
 "Derivatives analyst Nandish Shah recommends bull spread strategy on L&T")
Stocks to Watch: Titan, Dabur, Nykaa, HCL Tech, Mahindra Life, Quess Corp
Stocks to Watch Today: Shares of Titan are likely to be in focus after the company reported 18 per cent sales growth for the September quarter; Dabur may see a downtick owing to earnings warning.
Risk-reward is still favourable for the long-term: ICICI Pru Life Insurance
Nifty's earnings are in high teens and this premium growth merits higher valuations, says Manish Kumar, CIO of ICICI Prudential Life Insurance.
 "Risk-reward is still favourable for the long-term: ICICI Pru Life Insurance")
Manyavar, Cipla: 11 stocks that could hold ground even if market corrects
Amid the recent market fall,11 stocks hit record highs. Whenever any stock exhibits reluctantance to weaken despite a pessimistic bias, it means the underlying trend possesses a robust momentum.
 "Manyavar, Cipla: 11 stocks that could hold ground even if market corrects")
Vinay Rajani of HDFC Securities expects markets to remain bullish for now
Among individual stocks, the technical analyst recommends buying JK Tyre and J.B.Chemicals & Pharma.
 "Vinay Rajani of HDFC Securities expects markets to remain bullish for now")
Gains for big guns: 10 stocks from 5 sectors to stay on Ferris wheel
India's equity markets are on a roller-coaster ride, but brokerages see further upside for stocks that delivered more than 50 per cent returns to investors
 "Gains for big guns: 10 stocks from 5 sectors to stay on Ferris wheel")
General merchandise and apparel growth key for DMart's margin gains
The retailer's revenues in Q2 were lower than estimates
 "General merchandise and apparel growth key for DMart's margin gains")