Below the Quote on Pre-Market Comment by Hardik Matalia, Derivative analyst, Choice Broking Ltd
The benchmark Sensex and Nifty indices are expected to open negative on Nov 21, following GIFT Nifty trends indicating a loss of 80 points for the broader index.
After a negative opening, Nifty can find support at 23,350 followed by 23,250 and 23,200. On the higher side, 23,600 can be an immediate resistance, followed by 23,700 and 23,800.
The charts of Bank Nifty indicate t...
Pre-Market Comment by Hardik Matalia, Derivative analyst, Choice Broking Ltd
In Q2FY25, Medanta's performance was above our expectations. Recorded highest-ever revenue of INR 9,566 mn, showing a growth of 13.3% YoY and 11.1% QoQ, driven by higher patient volumes, increase in bed occupied days, and improvements in realization. The ARPOB for matured hospitals grew by 6.2% YoY to INR 67,059, while for developing hospitals, it declined by 5.9% YoY to INR 53,724. Occupancy for developed hospitals came in at 67%, compared to 65% last year, whereas for developing hospita...
Hold Global Health Ltd For Target Rs. 1,146 By Choice Broking Ltd
Below the Quote on Pre-market comment by Hardik Matalia, Derivative Analyst, Choice Broking
The benchmark Sensex and Nifty indices are expected to open positive on Nov 19, following GIFT Nifty trends indicating a gain of 62 points for the broader index.
After a positive opening, Nifty can find support at 23,350 followed by 23,250 and 23,200. On the higher side, 23,550 can be an immediate resistance, followed by 23,650 and 23,800.
The charts of Bank Nifty indicate that ...
Pre-market comment by Hardik Matalia, Derivative Analyst, Choice Broking
Below the Quote on Post Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
On November 18, the Indian equity markets faced significant selling pressure for the seventh consecutive session, closing lower after a positive opening. The BSE Sensex declined by 241.30 points, or 0.31%, to end at 77,339.01, while the Nifty slipped by 78.90 points, settling at 23,453.80. Although the Nifty initially showed gains during the day, profit booking at higher levels erased ...
Quote on Post Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
Below the Quote on Pre-Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
Indian benchmark indices, including the Sensex and Nifty, are expected to open on a bearish note, continuing their ongoing correction phase for the sixth consecutive session.
On November 14, the Nifty closed below the 23,550 mark, and today the GIFT Nifty indicates a 75-point decline, reflecting negative sentiment and suggesting caution in the market. Notably, the Nifty failed to sustain ...
Pre-Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
Grasim Industries Ltd. reported standalone revenue of INR76,233mn for Q2FY25, marking an 18.3% YoY growth and a 10.6% QoQ increase, driven by robust performance in Financial Services, Cellulosic Staple Fibre, and Specialty Chemicals segments. However, EBITDA declined to INR3,252mn, reflecting a 45.2% YoY and remaining flat QoQ, primarily due to ongoing investments in the Paints business. The EBITDA margin contracted to 4.3%, down by 495 bps YoY and 45 bps QoQ. The company recorded a PAT of IN...
Hold Grasim Industries Ltd For Target Rs. 2,777 By Choice Broking Ltd
Below the quote on Post market comment by Mandar Bhojane, Research Analyst, Choice Broking
The Indian equity markets ended in deep red for the fifth consecutive session on November 13, weighed down by inflation concerns and persistent selling pressure in metal stocks.
The benchmark indices, Sensex and Nifty, declined as all 13 major sectoral indices closed lower, led by sharp declines in auto, banking, metal, PSU bank, media, and realty sectors, which fell by 2-3%. In the broa...
Post market comment by Mandar Bhojane, Research Analyst, Choice Broking
In Q2FY25, Fortis’ performance was above our expectations. Consolidated revenue stood at INR 19,884mn, reflecting a growth of 12.3% YoY and 7% QoQ. The hospital business contributed INR 16.550mn, showing a growth of 13.9% YoY and 6.8% QoQ, while the diagnostics business reported INR 3,340mn, up 5.1% YoY and de-grew by 2.8% QoQ. ARPOB/day grew by 7.2% YoY and de-grew by 1.5% QoQ to INR 64,932. Occupancy levels were at 72% compared to 69% last year. EBITDA reached INR 4,348mn, increasing ...
Buy Fortis Healthcare Ltd For Target Rs. 728 By Choice Broking Ltd
Below the Quote on Pre-Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
The benchmark indices, Sensex and Nifty, are likely to open on a cautious note today, with GIFT Nifty signaling a potential 55-point dip for the broader market. Asian markets were trading lower on Wednesday, influenced by losses on Wall Street, where major indices closed down as investors booked profits from the recent postelection rally. U.S. inflation data, anticipated later this week...
Pre-Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
Below the Quote on Pre-Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
Indian stock markets, represented by the Sensex and Nifty 50, are anticipated to open flat today, November 12. Early trading in the GIFT Nifty shows levels around 24,224.5, suggesting a cautious start.
Asian markets are showing mixed performances this Tuesday as investors remain wary. Meanwhile, in the U.S., Wall Street's key indexes surged to record highs on Monday, buoyed by st...
Pre-Market Comment by Mandar Bhojane, Research Analyst, Choice Broking
Below the Quote on Pre-Market Comment by Hardik Matalia, Derivative Analyst, Choice Broking
The benchmark Sensex and Nifty indices are expected to open flat on Nov 08, following GIFT Nifty trends indicating a loss of 03 points for the broader index.
After a flat opening, Nifty can find support at 24,100 followed by 24,000 and 23,900. On the higher side, 24,300 can be an immediate resistance, followed by 24,400 and 24,500.
The charts of Bank Nifty indicate that it may g...
Pre-Market Comment by Hardik Matalia, Derivative Analyst, Choice Broking
