The MACD (Moving Average Convergence Divergence) is a technical analysis tool that shows the relationship between two moving averages of a stock’s price, typically the 12-day and 26-day EMAs. It consists of the MACD line, Signal line, and a histogram, helping identify trends and momentum. This part of the indicator shows how strong the price [...]
The shares of an IT company specializing in providing digital services and solutions, particularly in areas like digital transformation, data analytics, cloud services, and business process management, jumped upto 4 percent following a bulk deal involving Motilal Oswal Mutual Fund. Price action With a market capitalization of Rs. 45,380.98 crores on Monday, the shares of [...]
The global brokerage firm Jefferies has lowered its earnings per share (EPS) projections for Indian IT firms, with reductions ranging from 2 percent to 14 percent. Jefferies noted that unless there is a significant improvement in the US GDP growth outlook, a re-rating of IT sector stocks appears unlikely. The firm prefers companies with more [...]
The “200-day moving average” (200 DMA) is a widely used technical indicator in financial markets. It is calculated by taking the average closing prices of a security over the past 200 days, which helps smooth out daily price fluctuations and provides a clearer picture of the overall trend. One of the primary reasons the 200-day [...]
The shares of the digital services provider gained up to 1.09 percent after the company’s board approved the scheme of amalgamation of Cigniti Technologies with the company. With a market capitalization of Rs 63,834.00 crore, the shares of Coforge Ltd were trading at Rs 9,545.00 per share, increasing around 1 percent as compared to the [...]
Investors often seek low-beta stocks for their ability to provide stability in volatile markets. Beta, a measure of a stock’s volatility compared to the broader market, indicates the level of risk associated with a stock. A beta below 1 signifies that the stock is less volatile than the market, offering a more stable investment option. [...]
Circuit limits, or price bands, are mechanisms implemented by stock exchanges to control extreme price movements of stocks within a trading session. These limits are designed to protect investors from excessive volatility and to maintain orderly market conditions. These limits are typically set as percentages of the stock's previous closing price, with common thresholds being [...]
The shares of the digital services and solutions provider gained up to 1.1 percent after Foreign portfolio investors bought an additional 3.22 lakh equity shares in the company. With a market capitalization of Rs 31,537.05 crore, the shares of Coforge Ltd were trading at Rs 5,102.00 per share, increasing around 0.66 percent s compared to [...]
The shares of the digital services and solutions provider gained up to 5 percent after the company’s net profit and revenue increased by 95 percent and 9 percent YoY, respectively in the fourth quarter. With a market capitalization of Rs 30,112.08 crore, the shares of Coforge Ltd were trading at Rs 4,874.35 per share, increasing [...]
The country’s biggest institutional investor Life Insurance Corporation of India (LIC) is known to hold high stakes in Indian companies. Every quarter, the insurer publishes the list of stocks in which it has either increased or decreased its holdings. Here are 3 stocks bought by Life Insurance Corporation of India in Q3: Coforge Limited Coforge [...]
