SAIL Q4 PAT may dip 75.6% YoY to Rs. 260 cr: Prabhudas LilladherMoneycontrol • 4 days ago
Net Sales are expected to decrease by 5.9 percent Y-o-Y (up 17.4 percent Q-o-Q) to Rs. 27,410 crore, according to Prabhudas Lilladher.
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The market is expected to be driven by stock-specific actions in the coming days. Short-term traders may focus primarily on large-cap stocks and should avoid small-caps.
IRCTC has seen a breakout of horizontal resistance trendline adjoining multiple touchpoints. The stock has formed long bullish candlestick pattern on the daily charts with above average volumes, while trading above all key moving averages.
Its hot metal output also rose 6 per cent to 20.5 million tonne (MT) for the fiscal year (FY) ended March 31, Steel Authority of India Ltd (SAIL) said in a statement.
Jamna Auto Industries ended at new closing high and formed long bullish candlestick pattern on the daily charts. The stock traded way above all key moving averages, which is a positive sign.
Karur Vysya Bank has taken a support at 50-day EMA for second straight session. The stock fell 16 percent from its all-time high before showing the current recovery. It has formed long bullish candlestick pattern on the daily charts.
SAIL Q3 results: Revenue for the quarter stood at Rs 23,348.64 crore, down six percent from Rs 25,042.10 crore a year ago, the company said in an exchange filing
Overall, the Nifty 50 will remain in a consolidation mode as long as it stays below 22,100 mark, experts said, adding the index is likely to take support at 21,500 level.
At NMDC, the proposed investments were raised 24 percent to Rs 2,200 crore while MSTC's investments were cut 90 percent to just Rs 10 crore.
China is the largest consumer of metals in the world, and the market is betting that a reduction in interest rates will spur economic activity in the nation, particularly in infrastructure and housing