Chart Check: A Range Breakout Seen At Siemens Could Take It To Fresh Record Highs

Heavy electrical equipment maker Siemens saw a breakout from a six-month long consolidation, which suggests that momentum is here to stay. The stock, with a market capitalization of over Rs 91,000 crore, hit a 52-week high of Rs 2,586 on July 5, 2022, resulting in a breakout above the neckline of the Rs 2,521 range. Experts suggest that the stock is trading near overbought territory, hence some consolidation cannot be ruled out, but momentum remains strong and short-term traders can look at the stock with a target of Rs 2,700…

Mahindra Logistics Share Price: This logistics stock is down over 43% from recent highs! Should you buy dip?

Shares of Integrated Logistics Service Provider, Mahindra Logistics Limited ,mll) has fallen more than 43 percent from its August 2021 highs, leaving the stock firmly in the grip of bears. The company with a market capitalization of over Rs 3,300 crore on June 29 hit a 52-week high of Rs 819.15 on August 30, 2021. Sharekhan, in its recent report, said the company is looking to add warehousing capability, expand its network services business and acquire capabilities based on capabilities in the logistics sector. Also, the five-year revenue target of…

Metal Stocks: Down Over 45% From Recent Highs! Should You Buy This Metal Stock Now?

Metal stocks have been under heavy selling pressure for the past few months. U.S. shares have fallen more than 49 percent from their recent March 2022 highs, holding the stock firmly in place. In its recent report, the stock offers an attractive risk-reward following its recent correction. It noted that the fall in energy prices amid a correction in LME prices is likely to reduce margins. This is a ‘buy’ call on the stock with a target price of Rs 515, indicating a rise of over 50 per cent over…