Investor Query: I am looking at sugar stocks which are looking attractive at these prices like Dwarkesh, Dalmia Bharat, Triveni, Balrampur Chini, Dhampur Sugar etc. Need your inputs and is it the right time to pick and if so which one do you suggest. Continue reading “Is it the Right Time to Buy Sugar Stocks?”
Today’s Action:
Short covering by traders helped frontline indices to end in positive territory. Broader indices kept investors despondent.
Daily Market Review:
Benchmark indices snapped their three-day falling streak ahead of the February F&O expiry, as investors covered their short positions. Asian markets traded firmly in positive territory and this further boosted investor sentiment today. Continue reading “Daily Big Picture – Frontline Indices Snap Three-Day Losing Streak”
Zydus Wellness hits a new high in today’s trade as the stock jumps 6.70% on heft volumes. The Company reported strong Q3 numbers on February 6, delivering a revenue growth of 28% y/y and EPS grew by 44% y/y. On the back of strong results, the stock has rallied 37% after bouncing back from its 200-DMA.
Today’s Action:
Key indices turn red due to late sell-off in banks; Broader indices manage to outperform.
Daily Market Review:
Indian stock market left investors high and dry once again, as the key composites gave away early-session gains to end lower.
After opening on a positive note, both the Sensex and Nifty drifted lower by around 0.2% each. Weakness in private banks in the final hour of the session played spoilsport to a large extent. Continue reading “Daily Big Picture – Downhill Session Wipes Out Early Gains”
Rain Industries bucked the market trend to jump 7.5% amid massive buying interest. As a result, the stock came quite close to regaining its 50-DMA. The stock’s strong Accumulation and Distribution rating of A- and Relative Strength rating of 98 indicate solid demand for the stock.
