News for Timex Group India Limited (TIMEX.BO)

Stocks to watch today, August 01, 2024: GIFT Nifty indicates a positive start for the benchmark equity indices on Thursday. Here is the list of buzzing stocks to watch during today's trading session

Stocks to watch today, July 31, 2024: GIFT Nifty indicates a somber start for the benchmark equity indices on Wednesday. Here are buzzing stocks to watch during today's trading session

Q3 Results today: Investors will focus on some on the prominent players Q3 earnings such Adani Ports And Special Economic Zone Ltd, Adani Enterprises Ltd, Bata India Ltd, Titan, City Union Bank Ltd, Raymond Ltd, Mphasis Ltd, and many more.

The company accomplished an EBITDA-to-revenue ratio of 13%

BSE Sensex shed 64.66 points, or 0.10 per cent, to end the session at 66,408.39. NSE's Nifty50 fell 17.35 points, or 0.09 per cent, to end the day at 19,794 for the day.

Timex India will take over Just Watches stores and online portal as part of this deal

Among broader indices, BSE Largecap ended flat, while Smallcap and Midcap indices outperformed the main indices with a gain of 1.4 and 2 percent

Among sectoral indices, BSE Metal index sheds 4.3 percent, Power index fell 3.3 percent, and Energy and FMCG indices ended down 1 percent each. The BSE Realty index added 2.5 percent, Telecom index rose 2 percent and Capital Goods index gained nearly 2 percent

In the month of November, the Sensex rose 3.8 percent and the Nifty gained 4 percent. In the coming week, the RBI will announce its rate decision on December 7, while the next day, Gujarat election results will be declared

Based on the open interest future percentage, a long build-up was seen in a total of 70 stocks on Thursday, including Oracle Financial, Astral, Gujarat Gas, Rain Industries, and Persistent Systems.

On the sectoral front, the Nifty FMCG index fell a percent and the PSU Bank 0.6 percent, while the metal index added 1.7 percent and the information technology index 0.8 percent

According to experts, Nifty may remain bullish if it stays above 18,300 level, but if it slips below 18,000, profit-taking could set in at 17,800, followed by 17,650. They see strong broad-based buying in the coming week, with other sectors too contributing to the uptrend.

Buying binge by domestic investors, falling crude oil prices and a good start to the quarterly earnings season, however, helped the benchmark indices trim some losses. For the week, BSE Smallcap index shed 2.2 percent, Midcap lost 2.6 percent and Largecap index 1 percent

During the week, foreign institutional investors sold equities worth Rs 9,941.71 crore, while domestic institutional investors invested Rs 7,030.96 crore in the market

Buzzing stocks: Mindspace REIT, Indo Count, Delta Corp, Timex Group, Spandana Sphoorty, Ganesh Housing, Vasundhara Rasayans

Shrikant Chouhan of Kotak Securities says 17,625 could be the range breakout level for the day traders. Above that, the breakout continuation formation is likely to continue up to 17,665-17,725 levels.