I mean that was awaited for a while now, so that has really come about. So, the penal part has been removed which is a very positive thing to my mind. The only disappointment if you ask me was the GST on the health insurance.
The market has digested the continuing geo-political concerns and with the new US president taking an anti-war stance, there are high chances that various regional wars shall eventually stabilise in the near future.
Piramal Enterprises' shares rose nearly 3% after the company's board approved raising up to Rs 2,000 crore via NCDs. The fundraising will occur in one or more tranches, with each NCD having a face value of Rs 1,000. The company's stock has outperformed the Nifty index over the past year and year-to-date. Despite the day's gains, shares closed 2.
In the Nifty 500, four stocks were witnessing Death Crossovers, according to stockedge.com's technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stocks short-term simple moving average (SMA) crosses below its long-term moving average on the downside. These stocks' 50-day SMA crossed below their 200-day SMAs on December 20. Take a look:
There have been news of gold-based lending going up, which is probably indicative of some stress and lot of that is now getting probably reflected in the price. So, some of the quality banks may do well.
The Nifty index saw a sharp drop on Friday, with stocks like Angel One and HPCL declining. Analyst Pravesh Gour suggests Angel One could find support at 2800, while HPCL needs a breakout above 420. Anant Raj, near its all-time high, shows strength and may target 1000.
This exceptional year not only reflected the confidence of issuers but also highlighted investors' eagerness to seize listing-day gains or back companies with strong long-term growth potential.
The company has in-house design and manufacturing capabilities. However, it historically has a lower operating margin before depreciation and amortisation (Ebitda margin) compared with peers. This is expected to change given the improvement in the margin for the six months that ended September 2024 due to rising operating efficiency.
A gap-down happens when a stock opens at a much lower price than where it closed the day before, leaving a gap on the price chart thats considered a sign of investor panic. The Sensex and Nifty fell 1.5% the next day.
