Chart Pattern Analysis

RHI Magnesita India ltd earlier is in the business of manufacturing and marketing special refractory products, systems and services to the steel industry in India and Globally. RHIM India, a company formed by merging three Indian subsidiaries of the Austria-based RHI Magnesita Group, namely RHI Clasil, RHI India, and Orient Refractories, recently completed the acquisition… Read more

India has emerged as a major player in the global pharmaceutical industry, particularly in the production of generic drugs. The country boasts the largest number of pharmaceutical manufacturing facilities complying with the US Food and Drug Administration, making up 8% of the global active pharmaceutical ingredient (API) market. Its reputation as the “pharmacy of the… Read more

In a recent development, Emkay Global Financial Services, a brokerage firm, has started covering Britannia stock and recommended a ‘buy’ rating. They have set a target price of ₹5,700, which is based on a price-to-earnings ratio (PER) of 50 times. This valuation represents a premium of about 20 percent compared to Britannia’s average forward PER… Read more

Fiem Industries immediately captured my interest as news of a fire incident at its Haryana unit flashed across my screen. Looking at its price chart, I noticed that it looks similar to the stock price chart of Elecon. Recently, Elecon’s stock price went up because of a pattern called ascending broadening expanding wedge. I expect… Read more

Canara Bank, which is a part of Jhunjhunwala’s investment portfolio, recently announced its financial results for the March quarter. The results were a combination of both positive and negative aspects. The bank’s net interest income (NII) fell short of analysts’ expectations due to sluggish loan growth. However, the bank’s profit aligned with Street estimates, primarily… Read more