With such mouthwatering returns allotted investors are in a fix whether to book profits or hold on to the stock
Rich valuations, a high probability of earnings disappointment, and a potential lack of marginal buyers are key reasons to book profits.
The surge in earnings has been led by financials, metals & mining and oil & gas.
Shares of PB Fintech, Sigachi Industries & SJS Enterprises will make their stock market debut today on the bourses.
Asian stocks are trading higher on Monday as investors look ahead to Chinese economic data releases due out later today.
Chartviewindia.in is bullish on SBI Life Insurance with a price target of Rs 1,212 per share.
As long we don’t see a decisive breakout above 18225-18300, traders are advised to avoid aggressive long bets and be very fussy in stock selection.
Fino Payments Bank may continue to remain under pressure post listing because of valuations concerns, competition, and regulatory challenges.
The need of the hour is to have a balanced portfolio with a mix of defensive stocks & sectors, debt, and cash in hand, after the super rally.
In the week ended on Friday, the Sensex jumped 619.07 points or 1.03% to settle at 60,686.69. The Nifty 50 index surged 186.57 points or 1.04%.