CRR_Call Tracker

Text/HTML

Text/HTML

ValueProductView

ValueProductPastPerformance

Company NameReco DateReco PriceExit PriceExit Date% ReturnIn days
ITC Ltd. 28/12/2023464.20487.5002/01/2025 5.02% 1 yrs
Britannia Industries Ltd. 27/07/20234,875.805,028.2512/11/2024 3.13% 1 yrs
JSW Steel Ltd. 22/02/2024826.951,003.0026/09/2024 21.29% 217 days
Bajaj Auto Ltd. 22/08/20249,910.0011,930.0017/09/2024 20.38% 26 days
Dr. Reddy's Laboratories Ltd. 26/10/20235,429.306,536.0005/07/2024 20.38% 253 days
Shriram Finance Ltd. 25/04/20242,430.102,955.0028/06/2024 21.60% 64 days
Coal India Ltd. 25/01/2024389.50501.6022/05/2024 28.78% 118 days
Infosys Ltd. 27/10/20221,522.601,411.6019/04/2024 -7.29% 1 yrs
State Bank Of India 25/05/2023581.30782.0505/03/2024 34.53% 285 days
The Indian Hotels Company Ltd. 24/08/2023401.85517.9007/02/2024 28.88% 167 days

CRR_MVC_PastPerformance

Text/HTML

Our Other Trader Products

EasyDNNNews

Bhagyashree Vivarekar
/ Categories: Trending, Markets, DSIJ News

Nifty IT index trades up against markets, Infy up ahead of results

Indian benchmark indices are trading flat with most sectoral indices trading in red and Nifty Financial service index trading flat. It's only the IT sector that is trading marginally up by 0.5 per cent and has resisted correction in the benchmark indices. Gains of 1.6 per cent plus in Infy and Wipro, with Infibeam as top gainer at 1.9 per cent gains have kept the IT index going upwards in an otherwise subdued trading day.

Infosys has surged ahead of its scheduled Q1FY19 earnings release after market hours on Friday. Analysts are expecting high single digit growth in bottom line with nearly 0.5 per cent marginal growth in sequential terms. After hitting an all-time high at Rs. 1,358 per share on July 3, and tumbled up to 1,268 levels for profit booking, but closing above 1,282 levels which is 61.8 per cent retracement of the prior upward rally from 1,236 to all-time high. The stock has bounced back and heading northwards yet again. Going forward, we hold 1,340, which is followed by 1,325 as a major resistances above which the stock holds better potential to make new all-time high.

Coming back to the index, Nifty IT hit its peak level at 14,654 and witnessed some profit booking in intraday trade. However, good volumes and oscillators quoting above 60 suggest some more momentum in the index.

Previous Article Infosys buzzes ahead of June quarter result
Next Article Ten stocks close to their 52-week high
Print
614 Rate this article:
5.0
Please login or register to post comments.

DALAL STREET INVESTMENT JOURNAL - DEMOCRATIZING WEALTH CREATION

Principal Officer: Mr. Shashikant Singh,
Email: principalofficer@dsij.in
Tel: (+91)-20-66663800

Compliance Officer: Mr. Rajesh Padode
Email: complianceofficer@dsij.in
Tel: (+91)-20-66663800

Grievance Officer: Mr. Rajesh Padode
Email: service@dsij.in
Tel: (+91)-20-66663800

Corresponding SEBI regional/local office address- SEBI Bhavan BKC, Plot No.C4-A, 'G' Block, Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra.
Tel: +91-22-26449000 / 40459000 | Fax : +91-22-26449019-22 / 40459019-22 | E-mail : sebi@sebi.gov.in | Toll Free Investor Helpline: 1800 22 7575 | SEBI SCORES | SMARTODR