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Steel Strips Wheels shares have strengthened 442% in the past three years, currently trading at ₹274.30 apiece, while the Nifty Smallcap 100 index gained 116% in the same period.
As the financial markets venture into 2024, investors face market opportunities and heightened volatility. Nishit Master advises investing in good-quality companies with consistent positive cash flows to shield against anticipated turbulence. Mohit Ralhan recommends a comprehensive portfolio review, rebalancing allocations to align with risk tolerance. He cautions against poor-quality companies and suggests implementing stop-loss mechanisms to protect profits. Alok Agarwal advises against timing the market, emphasizing disciplined rebalancing and asset allocation. Varun Saboo recommends strate...
General Insurance Corporation of India has seen a decisive breakout of horizontal resistance trendline on the daily charts. The stock has formed robust bullish candlestick pattern with strong volumes and traded above all key moving averages.
Axis Securities expects Kotak Bank to report an 18% rise in Q3 profit to Rs 3,294 crore against Rs 2792 crore in the Q3 of previous fiscal.
Naveen Kulkarni of Axis Securities PMS says Jio's earnings look good overall, with a slight beat in the O2C business and strong subscriber additions. However, the ARPU number was slightly lower than expected, indicating a need for tariff hikes to improve average revenue per user. The timing of such hikes remains uncertain. In terms of stock expectations, there is a significant upgrade in Jio's earnings, but it is difficult to determine the impact on the market in the short term.