It is an uptrend signal if the RSI value has crossed above 50 from below. “RSI trending up” means that the Relative Strength Index (RSI) values are increasing, suggesting strengthening momentum in the price of the stock.
Focus on growth-oriented companies and stop going by market cap divisions: Alok Agarwal
Alok Agarwal of Alchemy Capital suggests focusing on high-growth sectors like consumer discretionary and chemicals. He is underweight on IT and FMCG. GST rationalization is expected to boost consumption. Electronic manufacturing and hospitals are showing strong growth. He is selectively positive on lenders but favors capital market plays. Midcaps offer better growth prospects than largecaps.
Japan’s 20-year bond yields rise for 8th day as fiscal concerns mount
Japanese government bonds are facing persistent pressure, with the 20-year debt declining for the eighth consecutive day following a weak auction. Concerns about Japan’s rising debt levels and increased government deficit spending have pushed yields on super-long bonds to historic highs. The 20-year JGB yield edged up to 2.
Positive Breakout: These 10 stocks close cross above their 200 DMAs
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Gem Aromatics IPO opens today; GMP at 6%. Should you bid?
Gem Aromatics’ IPO opens today, aiming to raise ₹451.3 crore. The issue comprises a fresh issue and an offer for sale, with proceeds earmarked for debt repayment and corporate purposes. Anand Rathi recommends subscribing for the long term, citing the company’s established position and growth potential, despite valuation concerns and key risks like customer concentration.
LGT Business Connextions IPO opens today; company to raise Rs 28 crore
Chennai’s LGT Business Connextions is set to launch its IPO today. The IPO aims to raise Rs 28.09 crore. The issue includes fresh equity and an offer for sale. The IPO price is Rs 107 per share. The subscription window will remain open until August 21. The company plans to list on the BSE SME platform on August 26.
Vikram Solar IPO opens for subscription; GMP at 16%. Should you apply?
Vikram Solar is launching its Rs 2,079-crore IPO soon. The IPO opens on Tuesday and closes on Thursday. It includes a fresh issue and an offer for sale. Grey market premium indicates strong investor interest. The company plans significant capacity expansion. Brokerages recommend subscribing, citing robust domestic demand. The IPO will list on BSE and NSE.
Inox Wind shares in focus on posting highest-ever Q1 PAT of Rs 97 crore
Inox Wind reported its highest-ever Q1 PAT at Rs 97 crore, up 134% YoY, backed by strong execution and financial performance. Revenue rose 32% to Rs 863 crore, while EBITDA grew 39% to Rs 220 crore. With a 3.1 GW order book, new facilities, and MNRE’s ALMM policy boost, the company sees strong growth momentum ahead.
Japan’s Nikkei hits record high as automakers rise on weaker yen
Japanese stocks surged to record highs, mirroring Wall Street’s gains and fueled by a weaker yen that boosted automaker stocks like Toyota and Honda. Renewed optimism about the domestic corporate outlook and foreign investor interest further propelled the rally. While banks declined following strong economic data, chip-related stocks also weighed on the Nikkei, contrasting with the broader market’s positive momentum.
Vodafone Idea shares in focus as Q1 loss widens to Rs 6,608 crore
Vodafone Idea reported a Q1FY25 net loss of Rs 6,608 crore, higher than last year, though sequential losses narrowed. Revenue grew 5% YoY to Rs 11,023 crore, while ARPU rose 15% to Rs 177. The telco expanded 5G to 22 cities, cut subscriber churn by 90%, and improved EBITDA margin to 41.8%. Shares closed 3.45% lower.