"At the current juncture, the positive implication of a Bullish Island Reversal pattern is still intact and till the time. As long as Nifty holds above 12030 levels, we maintain our positive stance for a bounce towards 12,200 and then 12,300 levels. On the flip side, major support is placed at 12,030 and then 11,900 zones,” Taparia said. … [Read more...] about Small & Mid-caps outperform in a truncated week; 40 stocks rose 10-30%
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Startups still popular as unicorns’ scrip sell in the lakhs/share in stock market for unlisted cos
Shares of Swiggy, the food delivery startup based out of Bengaluru are available at Rs 2.5 lakh per share. Paytm, the Noida based digital payments giant commands almost Rs 16,000 per share in the secondary market. Even hotel booking startup Oyo has a going rate of almost Rs 50 lakh per share or more. B9 Beverages, the maker of the Bira brand of beer, is also highly in demand with an asking price of Rs 950 per share. Nazara, which makes mobile phone games, is available for Rs 640 per share. … [Read more...] about Startups still popular as unicorns’ scrip sell in the lakhs/share in stock market for unlisted cos
GP Petroleums to invest Rs 100 crore in new Gujarat plant, share price up 20%
"The new facility will accelerate our growth engine, which will be led by the automotive segment in Tier Two and Three towns and cities. We already have a robust partnership with over 500 distributors across India which will be strengthened further in next few years,” GPPL CEO Prashanth Achar said. … [Read more...] about GP Petroleums to invest Rs 100 crore in new Gujarat plant, share price up 20%
‘Indian investors should allocate 10-15% of portfolio to international markets’
This might tempt an investor to assume that the local stock market in these countries will also flourish. This is not necessarily always true. While some emerging markets such as Brazil and China have performed well, data has shown that high GDP growth does not correlate with high stock market growth. … [Read more...] about ‘Indian investors should allocate 10-15% of portfolio to international markets’
Sensex ends off day’s low but Nifty still below 12,000; 5 factors weighing on market
Mazhar Mohammad, Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in said in next trading session, traders with high risk appetite can go long if Nifty opens on a bearish note preferably around 11,950 levels but with a stop below 11,900 levels.Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year. … [Read more...] about Sensex ends off day’s low but Nifty still below 12,000; 5 factors weighing on market
