Business Standard

Is the time right to book profit in Nifty stocks? Here's what charts say

The feeling of "opportunity loss" may haunt many; however keeping proper support level will not only give a sense of security but will also help to leverage other non-performing stocks.

Avdhut Bagkar 

Shares of Balrampur Chini Mills continued their northward journey, with the stock hitting 18-month high of Rs 157, up 2 per cent on the BSE on Friday, on the expectation of strong earnings growth. The stock was trading at its highest level since December 6, 2017.

Last month, the company's the board of directors had approved the buyback of 8.44 million equity shares, representing 3.69 per cent of total equity of the company, at the price of Rs 175 per share on a proportionate basis through ‘tender offer’. The stock already turned ex-date for share buyback on April 16, ...

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First Published: Thu, May 02 2019. 15:53 IST