Stock markets started the new fiscal on a high, backed by firm trends in Asian markets. The 30-share Sensex jumped 363 points to settle at 74,014 and the Nifty climbed 135 points to 22,462. Stocks that were in focus included names like Indus Towers, which rose 8.26%, HAL, which jumped 2.2%, and Prestige Estates, whose … Read more
Indus Towers Ltd, part of the telecom industry, rallied more than 30% to break out from a falling trendline resistance on the weekly charts and the momentum could take the stock to a fresh 52-week high. Short-term traders can look to buy the stock on dips for a possible target of Rs 285 in the … Read more
Technical charts and data indicate a lack of relative strength and the dominance of supply pressure during the upward move. The market is likely to remain highly volatile due to the F&O expiry this week, said technical analysts. If Nifty maintains its close above the 21,920 level, it will likely head towards 22,390–22,500 levels. Bajaj … Read more
ET looks at some of the latest stock recommendations by analysts. These stocks are expected to return between 16% and 38% as per analysts’ price targets. Indus Towers BROKERAGE BOFA SECURITIES Price Target: Rs 280 CMP: Rs 240.5 Upside: 16% Vodafone Idea’s potential fund raise for network expansion to be positive for Indus as it … Read more
