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Although the September quarter has been seasonally strong for Indian software exporters, analysts stated this time Q2 earnings are likely to show a continuation of weak demand with macro uncertainty prolonging.
His analysis suggests the current slowdown to be an entire FY24 phenomenon rather than 1H and the impact possibly extending to FY25 discretionary spends.
On September 28, Thursday, StockEdge reported that 18 stocks were trending up, signaling a potential bullish wave. ETMarkets spotlights 10 of these stocks and explains the significance of RSI in stock analysis.
On September 25, Monday, StockEdge identified 28 stocks with a rising Relative Strength Index (RSI). ETMarkets has chosen 10 stocks from this group to explore the importance of RSI and its role in assessing stock movements.
The top gainer is state-run Mazagon Dock Shipbuilders, which has given over 479% returns during this period. The stock had ended at Rs 391.30 on the BSE on August 30, 2022 while the Monday closing price was 2,198.05. It was followed by Rail Vikas Nigam Limited (RVNL) which returned nearly 418%.