Ananya Morgan Stanley Reiterates ‘Overweight/In-Line’ on the stock and raises target to Rs 3,253 from Rs 2,926; an implied return of 19.66%. Emergence of bigger, newer markets …
Bitcoin price has crashed 17% since April 4 and is currently bouncing off the 200 three-day Simple Moving Average (SMA) at $39,506. This downswing was a major bearish event as BTC dropped below the bullish crossover between the 50-day and 100-day SMAs.
India’s top two software services companies each added more employees on a net basis in the January to March quarter than they often have in past full years. Ironically, the employee churn numbers are also at their highest ever.
Nifty Trading Zone: “Nifty after falling gap down has formed a hammer like pattern after a fall, suggesting possibility of an upward reversal. Advance decline ratio fell to much below 1:1 suggesting broad based profit taking in the markets. Nifty could remain in the 17405-17855 zone in the near term,”.
TCS Well Placed To Leverage Sector Growth, But Margins May Remain Under Pressure.
Shares of Ruchi Soya Industries fell over 18%, the steepest decline in over two weeks to Rs 765.95 apiece.
Shares of PVR and Inox Leisure rose 48% and 50% in Q4, due to opening up after the third way, strong response to content and proposed …