The Nifty50 index has breached the crucial support of 14,753, which happened to be the previous top on the daily Chart. It has also violated the supports derived from 5, 10 and 20 days SMA. RSI oscillator has also exited overbought zone with negative divergence on the daily chart. However, we can not rule out the stock specific bullish moves. Current market setup is offering trading opportunities in both directions. As far as Nifty is concerned 15,000-15,100 is a zone, which should be utilized to lighten the trading long commitments. Support for the Nifty is seen at 14,336 odd levels, where 50 days EMA is placed.
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SBI, Kotak Bank & IRCTC send out sell signal, select smallcap stocks look set to rally, suggests MACD
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SBI, Kotak Bank & IRCTC send out sell signal, select smallcap stocks look set to rally, suggests MACDBy
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The list included HBL Power Systems, Snowman Logistics, Zuari Agro Chemicals, Newgen Software Tech, Muthoot Finance and Dishman Carbogen. These stocks gained up to 14 per cent intraday so far.
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NEW DELHI: With Nifty50 staging a recovery on Tuesday after five days of fall, a host of smallcap stocks looked stronger on momentum indicator Moving Average Convergence Divergence or MACD.
Muthoot Homefin aims to disburse ₹700 crore of home loans in FY22
February 22, 2021
Will focus on expanding our housing finance operations in Southern States: MD George Alexander Muthoot Muthoot Homefin (India) Ltd, a wholly owned subsidiary of Muthoot Finance, is aiming to disburse ₹700 crore of home loans in FY2021-22.
“We are steadfastly progressing on taking the ‘Housing for All’ initiative of the government to the farthest Tier II and III locations in the country in order to support the affordable housing needs and aspirations of every Indian. As of now, we will be focussing on expanding our housing finance operations in the Southern States of the country. With the additional focus towards collections in FY2020-21, the company has been able to contain delinquencies on the portfolio during the pandemic and have now stabilised its collections,” said George Alexander Muthoot, Managing Director.
Muthoot Finance share rose over 2% in trade today after the firm said its board has approved a proposal to raise up to Rs 6,000 crore by issuing non convertible debentures (NCDs).Muthoot Finance stock touched an intraday high of Rs 1,323.2, rising 2.01% o
India News: NEW DELHI: Communist Party of India (Marxist) has acknowledged receipt of Rs 10 crore in multiple contributions from its Tamil Nadu ally Dravida Munne.