“We expect some cautiousness ahead of the US Fed meeting wherein 25bps hike is expected, while investors keenly await commentaries. With the quarterly earnings season now at full pace during the week, we expect stock-specific action to continue in the market,” said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Financial Services
“Traders should focus on managing their existing trades and accumulating quality stocks on dips. We feel the performance of the banking pack would play a critical role ahead,” said Ajit Mishra, SVP - Technical Research, Religare Broking. L&T, TVS Motor Co, IDBI Bank, Tata Motors, Bajaj Auto, Asian Paints among stocks to watch on Tuesday
Shares of Larsen & Toubro will be in focus on Tuesday (July 25) as the company will report its Q1FY24 results. Analysts expect the infrastructure conglomerate to stage a strong quarterly performance driven by a robust order book as well as execution, and a decrease in raw material costs
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TVS Motor Company reported that its net profit for the quarter ended June had grown 46% to Rs 468 crore. The Chennai-based two- and three-wheeler manufacturer also recorded a 20% jump in its revenue to Rs 7,218 crore vis-à-vis Rs 6,009 crore for the same period last year. It also posted its highest-ever operating EBITDA of Rs 764 crore
IDBI Bank reported a jump of 62% in net profit at Rs 1,224 crore for the April-June FY24 quarter on July 24. It reported a net profit of Rs 756 crore in the corresponding quarter last year. Net Interest Income (NII) of the bank stood at Rs 3,998 crore, growing by 61% YoY basis from Rs 2,448 crore
Samvardhana Motherson International Ltd on Monday said it will acquire assets and shares of Germany's Dr Schneider Group entities at an overall enterprise value of about 118.3 million euros (over Rs 1,070 crore)
ITC shares will be in focus on Tuesday as the FMCG major on Monday announced that its board has approved the demerger of the hotels business. The move is aimed at unlocking value for 30 lakh shareholders of the multibagger stock, which has been the best-performing Nifty counter in the last one year
Larsen & Toubro, Asian Paints, Tata Motors, Bajaj Auto, SBI Life Insurance Company, Jubilant Foodworks, KPIT Technologies, Dixon Technologies, Suzlon Energy, Mindspace Business Parks REIT, Hitachi Energy India, Cyient, UTI Asset Management Company, Sundaram-Clayton, Ceat, Jyothy Labs, Amber Enterprises India Limited, Mahindra Holidays and Resorts India, Triveni Engineering and Industries, Delta Corp, and more
Aastamangalam Finance, Andhra Petrochemicals, Bhansali Engineering Polymers, Carborundum Universal, Cholamandalam Investment & Finance Company, KEC International, Kirloskar Brothers, Orient Cement, Paushak, Standard Industries and Transport Corporation of India stocks will trade ex-dividend on Tuesday
"The short-term trend of Nifty remains weak and the present weakness with volatility is expected towards the important support of 19,500-19,400 levels before showing an upside bounce from the lows. Immediate resistance is placed at 19,780 levels," said Nagaraj Shetti, Technical Research Analyst, HDFC Securities
“Bank Nifty is in the process of retracing the rise it has witnessed from 44,547 - 46,370. On the downside, it can slip towards 45,750 - 45,670 where support is in the form of the 38.2% Fibonacci retracement level and the 40-hour moving average is placed. Overall, the trend is still positive and once this consolidation is complete, we can expect the Bank Nifty to resume its uptrend. On the upside 46,500 is the expected target," said Jatin Gedia – Technical Research Analyst at Sharekhan by BNP Paribas
Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Business Today. Investors should consult their financial advisors before taking any position