The Indian IT services industry is facing near-term challenges due to the economic slowdown and weaker macroeconomic outlook. However, its long-term outlook remains robust with the economy showing signs of recovery. In a recent report, brokerage house Axis Securities said that it believes that the said recovery will begin in the second half of the … Read more
Despite the market uncertainties, shares of Cyient, a global digital, engineering, and technology solutions company, have delivered handsome returns to their shareholders. Year to date, the company’s shares have surged by 103%, rising from ₹803.70 per share to ₹1,634.50 per share. Impressively, the stock has closed in the green for eight out of the last … Read more
Kiran Jani, Head of Technical Research at Jainam Broking, said Nifty Metal is expected to go up and trade near its all-time high, which is above 6,900. “The sub-index recently faced resistance near 6,800 and slipped. A dip should be considered as an opportunity to enter. Support level could be seen around 6,500. Until the … Read more