Page 3 - Ipca Laboratories News Today

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A long build-up was seen in 50 stocks, which included MCX India, Metropolis Healthcare, Ambuja Cements, Nestle India, and Polycab India.

HSBCs top midcap picks in Mumbai expected to deliver 9%-55% returns this year. Firm sees midcap opportunities in the sell-off, unlikely deep correction in small and midcaps due to a strong domestic economy and market conditions.

Based on the OI percentage, a total of 86 stocks were on the short-covering list. These included M&M Financial Services, IDFC First Bank, Laurus Labs, UPL, and Indraprastha Gas.

Based on the OI percentage, 70 stocks saw long unwinding. These include Tata Chemicals, Hindustan Copper, Ipca Laboratories, BPCL, and Aditya Birla Fashion & Retail.

Based on the OI percentage, 109 stocks saw long unwinding including Delta Corp, Canara Bank, Ipca Laboratories, Alkem Laboratories, and Bosch.

A Bloomberg earnings upgrade or downgrade is the consensus estimate by equity analysts tracking the stock, indicating expectations of higher or lower profits, respectively.

A White Marubozu is a bullish candlestick pattern in technical analysis.

If the Nifty 50 climbs above 22,127, the previous record high, and sustains the level, then 22,300 could be the next hurdle on the higher side, followed by 22,500, while the immediate support will be at 21,950, followed by 21,750

Motilal Oswal recommended Neutral rating on Ipca Laboratories with a target price of Rs 1080 in its research report dated January 15, 2024.