By Debdeep Gupta | 29 Apr, 2024
Mid-day Mood | Banking stocks propel market; realty stocks underperform
Banking stocks pushed benchmark indices the Sensex and the Nifty higher on April 29 afternoon. The broader market held on its own, with BSE midcap and smallcap indices rising to 0.4 percent.Around noon, the Sensex was up 682 points, or 0.92 percent, at 74,412.16, and the Nifty was up 148.80 points, or 0.66 percent, at 22,568.80. The market breadth favored gainers, as around 1,872 shares advanced, ...
Live Comments
SONAM 21 2023-01-23 21:46:23
Timken Looking Weak On WeekLy Charts, SELL immediately below 3100
Login & Reply Like(0) Dislike(0) Repost SpamPreeti 2022-08-18 13:55:16
Buy Timken India target of Rs 3560
Login & Reply Like(0) Dislike(0) Repost SpamBhanu25 2022-07-18 23:18:49
1. Shakti Pumps: Solar potential to run its growth engine
Bhanu25 2022-07-18 23:19:01
1. Shakti Pumps: Solar potential to run its growth engine
Bhanu25 2022-07-18 23:19:17
2. Stock valuation of Shakti Pumps is attractive, considering the strong recovery in the business, good earnings visibility, and opportunities in the solar pumps space
Bhanu25 2022-07-18 23:19:37
3. Strong recovery in domestic and international businesses- Easing commodity prices support operating margins- Solar pump orders to support strong growth- Stock trading at 6.5 times 2024 estimated earnings
Bhanu25 2022-07-18 23:20:03
4 Shakti Pumps, which was hit by low demand both in the domestic and the international markets because of Covid-19 issues and slow government capex, is now on a swift recovery path
Bhanu25 2022-07-18 23:20:13
5 Strong demand is also reflected in its quarterly performance. During the first quarter of the current financial year, revenue from exports grew 21 percent to Rs 41 crore as a result of recovery in the international markets
Bhanu25 2022-07-18 23:20:23
6 The company also indicated that margins will be maintained. With the growing proportion of export revenue, easing commodity prices, and higher contribution from retail sales, it is expected that the margins will be better in the coming