With the Indian Government announcing a recapitalization package of Rs 2.11 lakh crore for state-run banks, PSU banks hogged the limelight this week. Punjab National Bank jumped a whopping 51.8% during the week.
Spotting the 2015 Stock Market Top and the Case Against Valuations
The 2013 Rally
Let us rewind back in time to September 2013. In the backdrop of Narendra Modi being declared NDA’s Prime Ministerial candidate, stock market bulls began loading up their stock holdings in anticipation of a strong government at the centre. Continue reading “Spotting the 2015 Stock Market Top and the Case Against Valuations”
Chart Of The Day: United Spirits’ Investors In High Spirits
On the back of strong Q2 FY 18 numbers, United Spirits jumped 17.5% to touch a 52-week high in today’s session. The Company posted a 86% jump in net profit, driven by strong performance by its premium brands and cost efficiency measures.
Weekly Big Picture – Bulls March Firmly Toward Record Highs
MARKET PULSE:
Status: Confirmed Uptrend
Highlights:
Four up days, one down day
Weekly Market Review:
Key Indices started the week on a strong note and remained bullish, for most of the days, in the week. Markets touched fresh highs, for most of the days, in the week. The week observed the Nifty closing above 10,300 mark, while the Sensex also crossed the 33k mark on a closing basis. Continue reading “Weekly Big Picture – Bulls March Firmly Toward Record Highs”
Chart Of The Day: Dilip Buildcon Surges To A New High
Dilip Buildcon surged 11.6% in today’s session, driven by heavy accumulation amid Indian Government’s plan to spend Rs 7 lakh crore on development of 83,000 km of roads. The stock surged to a new high and has now gained 42% after breaking out of a flat base pattern on October 5, 2017.
