Nifty closes in red for the third consecutive session; IT and Media stocks witness fresh selling
Nifty closes in red for the third consecutive session; IT and Media stocks witness fresh selling

Nifty closes in red for the third consecutive session; IT and Media stocks witness fresh selling

BPCL, Divis Lab and Bajaj-Auto are the top gainers while HCL Tech, IndusInd Bank and Infosys were the top losers amongst Nifty 50 stocks.     

DSIJ Intelligence Article rating: 5.0

Markets traded weak in a small range for the day. Nifty closed around 41.40 points or 0.23 per cent lower to close around the 17,618 level. S&P BSE Sensex also closed lower around 159.21 points. Nifty Midcap 100 and Nifty Smallcap 100 closed flat around 0.09 per cent and 0.10 per cent after profit booking from higher levels respectively.  

Low PE high ROE multibagger stock: This small-cap company is in an expansion mode; do you own it?
Low PE high ROE multibagger stock: This small-cap company is in an expansion mode; do you own it?

Low PE high ROE multibagger stock: This small-cap company is in an expansion mode; do you own it?

The stock has a PE of 14.59x whereas the sectoral PE is 34x with an ROE of 31.10 per cent and gave multibagger returns of 116.38 per cent in just 2 years. 

DSIJ Intelligence-1 Article rating: 4.1

The stock has a PE of 14.59x whereas the sectoral PE is 34x with an ROE of 31.10 per cent and gave multibagger returns of 116.38 per cent in just 2 years. 

Watch out for these penny stocks locked in the upper circuit on April 19
Watch out for these penny stocks locked in the upper circuit on April 19

Watch out for these penny stocks locked in the upper circuit on April 19

The weak sentiment was a result of a lacklustre beginning to the quarterly earnings season.

DSIJ Intelligence Article rating: 3.5

Although high-weightage financials remained relatively stable, IT stocks fell by more than 1 per cent. It is anticipated that the markets will remain unsteady and erratic, and the earnings season will be the primary driver until the U.S. Federal Reserve rate decision on May 3.

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