Latest news with #RexCano
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Business Standard
2 days ago
- Business
- Business Standard
Axis Bank cracks below 200-DMA post Q1 results; all eyes on this support
Axis Bank was seen trading below the 200-Day Moving Average after three months. More pain likely if the stock breaks below the weekly trend line support, which stands at ₹1,077; suggests tech charts. Rex Cano Mumbai Listen to This Article Shares of Axis Bank cracked over 6 per cent to an intra-day low of ₹1,086 on the NSE in Friday's trade after the bank's Q1 earnings disappointed the Street. In the process, the stock also plunged below its long-term 200-Day Moving Average (200-DMA) for the first time since April 16, 2025. Axis Bank reported a 4 per cent year-on-year (YoY) decline in net profit at ₹5,806 crore for the first-quarter ended June 2025 for the financial year 2025-26. The bank attributed the drop in profit to "technical" slippages and one-time bump in provisions. The bank's total
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Business Standard
2 days ago
- Business
- Business Standard
MTNL stock at ₹51, risky or bargain buy? Here's what chart indicates
MTNL stock seems favourably placed on the short-term charts. Can the recent flow at the counter help it breakout on the long-term chart or will it falter? Here are the key levels to watch out for. Rex Cano Mumbai Listen to This Article Debt-laden Mahanagar Telephone Nigam Limited (MTNL) has been in news lately, with the state-run firm reportedly defaulting on the payment of principal and interest on loans amounting to ₹8,584.93 crore to state-run banks. The overdue amount to PSU banks - Union Bank, Bank of India, Punjab National Bank, SBI, UCO Bank, Punjab and Sind Bank and Indian Overseas Bank stands at ₹7,794.34 crore, and interest of ₹790.59 crore. READ MORE MTNL total debt stands at 34,484 crore, which also includes Sovereign Gold bonds worth ₹24,071 crore, and payment of interest (₹1,828 crore) on Gold
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Business Standard
3 days ago
- Business
- Business Standard
Breakout stocks: ixigo, 5 other smallcap shares ripe for up to 32% rally
Smallcap stocks - ixigo, Hinduja Global, Gujarat Apollo, Radhika Jeweltech, Ksolves India and Mirc Electronics witnessed a breakout on the daily chart on Thursday, July 17. Rex Cano Mumbai Listen to This Article Smallcap shares were seen outperforming the broader market on Thursday. As of 1 PM, the BSE SmallCap index was up 0.4 per cent, while the BSE Sensex was down 0.2 per cent, and the MidCap index up 0.2 per cent. Out of the 250 BSE Smallcap index shares, 156 were seen trading with gains. Among these 6 smallcaps namely - Le Travenues Technology (ixigo), Hinduja Global Solutions (HGS), Radhika Jeweltech, Ksolves India, Gujarat Apollo Industries and Mirc Electronics - rallied in the range of 9 - 20 per cent, and in the process gave a breakout on the daily
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Business Standard
4 days ago
- Business
- Business Standard
AMC stocks at new highs, gain upto 74% from 2025 lows; time to book profit?
Shares of HDFC AMC, NAM-India, UTI AMC and Aditya Birla AMC were quoting at record highs levels; following a sharp rebound from the calendar year lows. Here's a likely guide on the near-term trend. Rex Cano Mumbai Listen to This Article Shares of asset management companies (AMC) have witnessed a phenomenal run on the bourses from the calendar year (2025) lows, and are now seen trading at new life-time highs. Nippon Life India AMC (NAM-India), in particular, has zoomed over 74 per cent from a low of ₹492 in the month of April, to a record high of ₹861. Shares of HDFC AMC, Aditya Birla Sun Life AMC and UTI AMC have surged in the range of 53 - 59 per cent from their respective calendar year lows. In comparison, the BSE Sensex and the NSE Nifty have gained around
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Business Standard
4 days ago
- Business
- Business Standard
How to trade HDFC Bank stock ahead of bonus issue meet? Key levels to track
HDFC Bank to announce Q1 results and consider a maiden bonus issue on July 19; technical chart suggests bias at the counter likely to remain favourable above ₹1,945 levels. Rex Cano Mumbai Listen to This Article HDFC Bank stock is likely to be in focus in the run-up to the July 19 (Saturday) meeting; wherein the bank's board will be announcing the Q1 results, and also consider the proposal for a special dividend and its first-ever bonus share issue. On Wednesday, HDFC Bank stock rose to an intra-day high of ₹2,023 on the NSE, and quoted with a gain of around 0.6 per cent above the ₹2,000-mark in morning trade. The stock, at present, trades near life-time highs, and has surged as much as 25 per cent from the calendar year low
