[ad_1] New Delhi: With the results of the first quarter of the financial year 2022-23 coming out, foreign brokers have become cautious about the Indian stock markets. Goldman Sachs begins coverage delhivery with a neutral rating, while Jefferies maintained a bearish outlook metal stock, Goldman Sachs set a target price of Rs 540 on Delhivery as it rolled out coverage on a logistics startup with a ‘neutral’ rating. It sees Delhivery as a profitable e-commerce growth proxy with massive leverage. It said the company will achieve higher margins from increased…
Tag: metal
Metal Stocks: Down Over 45% From Recent Highs! Should You Buy This Metal Stock Now?
[ad_1] 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…
Death Cross: Nifty metal forms a death cross; Brace for further pain!
[ad_1] The trend has changed for metal stocks. After a massive outperformance last year, the metal counters are fast melting, so much so that the BSE Metal Index remains one. death cross on Tuesday. The index settled at a 52-week low of 16,901.9, down 29 per cent from its 52-week high of 23,742.99 in two months. The trend has changed for metal stocks. After a massive outperformance last year, the metal counters are melting sharply, so much so that the BSE Metal Index formed a death cross on Tuesday. The…