Markets posted smart gains on Thursday despite a subdued opening but the final closing was well above 18,200 in Nifty terms. With the formation of a bullish belt hold line pattern on the daily candlestick expect more bullishness for Nifty in today’s trading session. Yesterday’s high of 18,267 is likely to act new trigger for follow-up buying with today’s potential target seen above 18,350.
Nifty 50 Index Daily
Stocks to watch
Positive Read through
- Hero Moto- Q4 earnings beat on all parameters, margin up 180 bps YoY
- TVS Motors- Q4 earnings above estimates, margin above 10 pct for the sixth straight quarter
- Tata Power- Q4 results above estimates, EBITDA up 3.3 pct YoY
- Zydus Life- gets final USFDA nod to manufacture and market sucralfate tablets
- Blue Star- EBIDTA up 25.3 pct, margin expands 50 bps YoY
- CEAT- Q4 margin climbs 553 bps YoY, EBIDTA at Rs 375.5 cr vs Rs 195 cr YoY
- Sundram Fasteners Q4 EBIDTA up 18.5 pct, margin rises 140 bps YoY
Negative Read through
- United Breweries- Q4 volume growth below estimates at 3 pct, EBITDA down 79 pct YoY
- Manappuram Finance- Money laundering allegations against Co, ED freezes Rs 143 cr assets
- J&K Bank- Q4 NII down 0.6 pct QoQ, FY23 NIM at 3.89 pct
A financial planning platform where you can plan all your goals, cash flows, expenses management, etc., which provides you advisory on the go. Unbiased and with uttermost data security, create your Financial Planning at Rs. 1499/-
Disclaimer: The views shared in blogs are based on personal opinions and do not endorse the company’s views. Investment is a subject matter of solicitation and one should consult a Financial Adviser before making any investment using the app. Making an investment using the app is the investor’s sole decision, and the company or any of its communication cannot be held responsible for it.
