What should investors do with HDFC AMC, KFin Tech and EasyTrip Planners? https://ift.tt/pCyVouc benchmarks reached new record highs last week due to foreign fund inflows and a positive global market trend. Stocks in focus were HDFC AMC, which saw a 11.5% rise, KFin Technologies, with a gain of 6.77%, and Easy Trip Planners, which fell 3.22%. Analyst Pravesh Gour recommends buying HDFC AMC for the long term, as it has formed a double bottom formation and has strong volume support. He suggests buying KFin Technologies due to its impressive structure and positive trend. However, he advises avoiding Easy Trip Planners due to its continuous downtrend formation and negative technical indicators.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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