#ChartOfTheWeek Mindtree brought home handsome gain of 15% this week. The Company reported robust Q4 numbers, with revenue and EPS growing 11% and 92%, y/y, respectively.
Chart Of The Day – TCS Gets Closer To $100 Billion Dream
#ChartOfTheDay Tata Consultancy Services sprints 6.6% on the back of strong earnings. The Company reported strong Q4 numbers today, delivering revenue and EPS growth of 8% y/y each. The stock hit an all-time high today, taking its total market value to $98.5 billion. The Company will become the first Indian entity to cross $100 billion mark, if the stock price hits Rs 3,447.
Weekly Big Picture – Market Maintains Bullish Momentum
MARKET PULSE:
Highlights:
Three up and two down days
Weekly Market Review:
India’s benchmark indices kept their momentum intact, as both the Nifty (+0.8%) and the Sensex (+0.7%) pocketed gains for the fourth straight week.
While we had two down days during the week, none of those qualified as distribution days. The Indian market condition remains unscathed at Confirmed Uptrend. Continue reading “Weekly Big Picture – Market Maintains Bullish Momentum”
Chart Of The Day – Bharat Rasayan Packs A Punch
#ChartOfTheDay Bharat Rasayan picked up 9.1% on more than six times its 50-day average volume. The stock broke out of its nine-week cup base pattern and hit a new high.
Daily Big Picture – Nifty Resumes Rally After One Day Break
Today’s Action:
Key indices resume their uptrend. Broader market outperforms.
Daily Market Review :
The Indian stock market reverted to its indefinite bullish trend, as modest loss on Wednesday followed today’s decent gains.
India’s benchmark indices advanced right from the word go and held onto its gains led by strong momentum in the metals and technology stocks. However, gains were restricted as selling pressure mounted on private banks and oil companies. Finally, both the Sensex and the Nifty brought home decent gains of 0.3% and 0.4%, respectively. Continue reading “Daily Big Picture – Nifty Resumes Rally After One Day Break”