Above Stocks
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Above Stocks is an Indian stock market update group. We provide our recommendations for educational purposes only. Consult ur financial advisor before performing any trades.
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Government as announced an expansion of the Pradhan Mantri Awas Yojana, aiming to construct 30 million urban and rural homes. This initiative is expected to significantly benefit #HomeFirstFinance.
This is just an update, not a recommendation.
Allied Blend IPO (ABDL) listed at 320 (+13.8%)
Market Entered into Extreme Greed zone, Don't buy anything blindly. wait for perfect opportunity.
Stock - Vedanta #VEDL (CMP : 445)
View - Negative

๐Ÿ“‰ Trendline Break: Price has broken below the ascending trendline, indicating a possible trend reversal.
๐Ÿ”ป Symmetrical Triangle: The formation of a symmetrical triangle pattern, with the price breaking downward, suggests a bearish breakout.
๐Ÿ”ด Bearish Candlesticks: Recent large red candles indicate strong selling pressure.
๐Ÿ“Š High Volume: Increased volume on down days confirms the selling strength.
โš ๏ธ Support Breach: Price has fallen below the โ‚น450 support level, which may now act as resistance.
๐ŸŽฏ Stop Loss & Target: Stop loss around โ‚น466 (red zone), target around โ‚น405 (green zone), offering a favorable reward-risk ratio.

For Educational Purpose Only.
๐Ÿ“Š Reliance Industries Q1 FY25 Results:

- Net Profit: โ‚น15,138 crore (๐Ÿ“‰ 5% YoY decline)
- Revenue: โ‚น2,36,000 crore (๐Ÿ“ˆ 12% YoY increase)
- EBITDA: โ‚น42,748 crore (๐Ÿ“‰ 7.5% decline QoQ)

### Segment Highlights:
- O2C: Margins under pressure ๐Ÿ˜Ÿ
- Jio: Net profit up 12% to โ‚น5,698 crore ๐Ÿš€
- Retail: Profit after tax grew 5% to โ‚น2,549 crore ๐Ÿ›๏ธ

Market Reaction: Mixed results, with net profit below expectations. Analysts remain optimistic about growth in digital services and retail! ๐ŸŒŸ
Hindustan Aeronautics Limited โ€“ The Best Stock in the Indian Defence Sector

https://www.abovestocks.com/blog/hindustan-aeronautics-limited-the-best-stock-in-the-indian-defence-sector/
Key Highlights from Indiaโ€™s Economic Survey 2023-24: Growth, Inflation, and Reforms

https://www.abovestocks.com/news/key-highlights-from-india-economic-survey-2023-24/
Budget 2024

Live at 11 AM

Get ready for extreme volatility.

Not to trade one day is ok. If there is any amazing opportunity, i will share it here.
Key numbers from Feb interim budget
============
- Fiscal deficit : Current at 5.1% (Govt target to lower it to 4.5% by FY26)
- Capex : INR 11.1 trillion
- Tax revenue : INR 38.31 trillion (INR 21.99 trillion direct + INR 16.22 trillion indirect)
- GST : INR 10.68 trillion
- Gross borrowing : INR 14.13 trillion
- Net borrowing : INR 11.75 trillion
============
Budgetary Priorities

1) Productivity in Agri sector
2) Employment and Skill Development
3) Inclusive priority and Social Justice
4) Manufacturing and Services
5) Urban Development
6) Energy Security
7) Infrastructure
8) Innovation and Research
9) Next Generation Reforms
Bad News hit markets,
Long Term 10% to 12.5%
Short Term 15% to 20%
negative news
New Tax system on income from Buyback, which was free earlier.