By Om Mehra, technical analyst at Samco SecuritiesThe Indian market has stood strong, outpacing major global indices, as evidenced by the Nifty's 1.24 percent surge in April. In the last five years, the conventional 'Sell in May and Go Away' approach has demonstrated diminished effectiveness—in 2019, an election year, the month of May yielded a positive return of 1.49 percent.So far, the Q4 resu...

Shares of Bharat Forge soared over 5 percent in morning deals on April 25 after the stock got a double upgrade from Bank of America (BofA) Securities. The international brokerage now has a ‘buy’ call on the stock with a raised target price of Rs 1,450 per share, implying an 18 percent upside from the previous closing price.Analysts at BofA Securities anticipate that the downcycle in the US tru...

Emkay Research has initiated coverage on Bajaj Finance with a "buy" call and a target price of Rs 9,000, which is 23.4 percent higher than the stock's current market price.The brokerage based its positive outlook on three key factors: flawless execution of strategic plans, strong execution capabilities, and proactive identification and resolution of near-term challenges. The company's 3i execution...

The Indian benchmarks traded higher intraday amid volatility on April 18. According to experts, the Nifty's move below 22,200 in the last trading session suggests the possibility of a dead cat bounce of 150-200 points, reaching the 22,300-22,350 zone.Fresh long positions for a significant directional move of 400-500 points are recommended only above 22,400.At 10:29 am, the Sensex was down 8.20 poi...

Axis Securities Ltd initiated coverage on Man Infraconstruction Ltd with a 'buy' rating and a target price of Rs 270 per share on the back of a robust project pipeline, asset-light business model, and strong execution capabilities of the company.The target price of Rs 270 per share, indicates a potential upside of 25 percent from Man Infra's current stock price. At 1 pm, the shares of Man Infra tr...