Hence, if the stock sustains above this support then a decent target of Rs 108 cannot be ruled out over a given period of time. Therefore, the investor should accumulate this scrip around Rs 93 with a suggested a stop loss of Rs 83 for the upside target of Rs 108. … [Read more...] about ‘Expect markets to be volatile amid uncertain global sentiment; these 3 stocks can give double-digit returns’
Electronic vs digital signature
The daily chart of stock reveals that demand is increasing and supply is diminishing as stock is taking support from line of parity showing a rebound from its lower levels. Prices took support from the rising trend line suggests the possibility of a pullback. With the chart looking attractive and decent volume participation witnessed, we recommend a buy around Rs 305 in this stock for an upside target of Rs 350, keep a stop loss of Rs 280 on a closing basis. … [Read more...] about ‘Upside momentum in Nifty seen only above 9,200, bet on these 3 stocks for double-digit returns’
In yet another tweet at 2.11 am, Goyal said: “Where is the list for 125 trains from Maharashtra? As of 2 am, received list of only 46 trains of which 5 are to West Bengal and Odisha which cannot operate due to cyclone Amphan. We are notifying only 41 trains for today despite being prepared for 125 !!!” … [Read more...] about Uddhav Thackeray vs Piyush Goyal: War of words erupts between Maharashtra CM, Railways minister over Shramik trains
As an investor in early-stage technology startups, I’m excited by the possibility of seeing something new. We’re often reluctant to look seriously at companies in the social networking space because competing with the incumbents seems virtually impossible. But Facebook, YouTube, Twitter, and Snap aren’t going to be able to convert their business models overnight. They’re going to spend a few years fighting this issue in Congress and in the courts. And they’re going to do everything possible to prove that they’re not monopolistic and don’t deserve antitrust scrutiny and regulation, which will limit their willingness to squash innovation. … [Read more...] about Trump vs. Twitter: Is there a silver lining in the Section 230 fight?
EBITDA margins for FY20 have dipped to 18% (vs. 22.4 in FY19). In a bid to sustain double digit topline growth, the management has alluded at a possibility of dilution in margin profile to a range of 18-19%. Despite the same, KKCL remains one of the most profitable branded apparel players with a robust balance sheet with cash & investments worth ~Rs 275 crore. Owing to Covid-19 impact, we revise our earnings estimates downwards. However, we maintain BUY rating on the stock with a revised target price of Rs 820 (13.0x FY22E EPS). … [Read more...] about Buy Kewal Kiran Clothing; target of Rs 820: ICICI Direct