Just because the broader stock markets indices like Nifty and Sensex have not fallen sharply in one trading session, the current wave of correction is not making it to headlines. In the last month, Nifty and Sensex have corrected. The broader market is still under the control of bulls. But as they say, volatility comes without any prior notice, so it would be better for oneself to be prepared and probably if one is thinking of taking exposure, staying with large caps might be a better idea. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified in the algorithms & filters to find those which might help navigate the stock market.
SAIL Q1 results preview: Phillip Capital sees profit falling 99 per cent to Rs 9.30 crore against Rs 776.33 crore in the year-ago quarter. It sees revenue falling 1 per cent YoY to Rs 23,735 crore.
After correcting from a high of Rs 96, SAIL found support at Rs 90 level. These are strong supports, as they correspond to intermediate highs tested in the previous month.
Titan Company rallied to Rs 3,200 level in July from Rs 2,330 level in March. The stock has retraced back to the support level of Rs 2,950, where its 50-SMA is placed at.
UBS said its FY24-26 Ebitda estimate for UBS is 21-29%, which is ahead of consensus. UBS said a higher earnings contribution from the transmission business indicates the business is becoming more structural rather than cyclical.