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China terms tariffs 'economic bullying'
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CNG, piped gas to cost more in Mumbai
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Stocks to buy: Vedanta, HCL Tech and Delhivery on investors' radar
Stock markets rebounded sharply on Tuesday, a day after facing the worst drubbing in 10 months, as benchmark Sensex recouped 1,089 points after across-the-board buying amid a rally in Asian and European markets.Stocks that were in focus include names like Vedanta, which rose 0.6% and HCL Tech, which gained 2% and Delhivery, whose shares fell 7% on Tuesday.Here's what Riyank Arora, Technical Analyst at Mehta Equities, recommends investors should do with these stocks when the market resumes trading today.VedantaThe stock is showing signs of strength with a positive bias, holding above key support near Rs 370. A sustained move above Rs 390 could trigger further upside toward Rs 405–420 levels.RSI is stabilizing, and the price is attempting to base out near current levels. Any dip toward Rs 370–365 can be considered a buying opportunity with a stop loss below Rs 360.HCL TechThe stock remains strong on the charts, trading above major moving averages and forming a steady uptrend. Support is seen near Rs 1380, and a breakout above Rs 1430 can lead to a rally toward Rs 1475–1500.RSI is firm near neutral but trending higher, suggesting momentum is building up. Overall structure favors buy-on-dips strategy.DelhiveryThe stock remains in a bearish grip. Avoid buying until Rs 268 is taken out with conviction. If Rs 240 breaks, expect further downside toward Rs 225. Best to sell on rise near Rs 255–260 levels with a stop loss at Rs 268.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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Bear Factor: Nearly 10% of listed stocks trading below their pre-pandemic levels
The bull run in Indian equities since the Covid pandemic in 2020 has been one of the strongest ever, but there are a few stocks that are still trading below the levels five years ago. According to an ET study, nearly 10% of listed stocks continue to trade below their pre-Covid levels. It includes several well-known names, such as Whirlpool, PVR Inox, RBL Bank, Relaxo Footwear, Sun Pharma, Indraprastha Gas, VST Industries, Kansai Nerolac, and Bata India, among others. Most of these stocks have seen steep declines over the past six months, erasing the gains they had accumulated during the post-COVID bull run up to September 2023. 120109670A few others, including Aditya Birla Fashion, Atul, Honeywell Automation India, Hindustan Unilever, and Sunteck Realty, among others are currently trading close to their pre-Covid levels, despite being considered fundamentally sound.
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'Congress to witness massive reshuffle'
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