Bank Nifty closed the week at 58,518, up 641 points, and has formed a bullish candle on the weekly chart, signalling a positive bias. After breaking above horizontal resistance at 57,600, the index is consolidating in the 58,600–57,600 band, with a sustained move above 58,600 likely to push it towards 59,000–59,500 and a break below … Read more
Shares of state-owned National Aluminium Company Ltd (NALCO) surged for the second consecutive session, rising as much as 2.1% on Tuesday to hit a high of Rs 262.90 on the BSE. The stock has gained 12% over the past two trading days, buoyed by strong September quarter earnings and investor optimism following robust financial performance. … Read more
Axis Securities has pegged a target price of Rs 1,475 for Kalpataru Projects International, reflecting an upside of 14% from the current price of Rs 1,294. The company is well-placed to capitalise on its strong order book, favourable sectoral trends in domestic and international T&D and B&F segments, improved performance of international subsidiaries, supportive government … Read more
Broader consumption demand in India may take one more quarter to recover fully, even as some sequential improvement is expected in high-frequency economic indicators, according to a report by Axis Securities. The report suggested that companies may continue to undergo inventory adjustments before consumption patterns normalize. It stated, “the broader consumption demand could still take … Read more
In this edition of ETMarkets Smart Talk, Neeraj Chadawar, Head – Fundamental and Quantitative Research at Axis Securities, shares his insights on the recent H-1B visa developments and their implications for Indian IT companies. While the news has triggered short-term jitters, Chadawar believes the impact is more sentimental than structural. He explains why investors need … Read more
“If Nifty at all crosses above 24,800-24,850 zone, then we could see some bit of short covering to trigger in Nifty trades and then this pullback can extend further towards 25,000. But overall, 25,000 may act as a stiff resistance for any pullback in the near-term perspective,” says Rajesh Palviya, Axis Securities.What are the levels … Read more
Arvind reported Rs 1,271 crore in pre-sales for FY25, missing its growth guidance due to unexecuted launches. However, it has lined up Rs 4,000 crore worth of launches for FY26 across Bengaluru, Gujarat, and MMR. Projects like Aqua City and The Park achieved near-total bookings at launch, supporting strong momentum. Axis Securities notes Arvind’s asset-light … Read more
Investors should increase cash holdings by up to 10% in the short term as markets grapple with volatility following U.S. President Donald Trump’s sweeping 26% tariff on Indian imports, according to Axis Securities. The brokerage advised deploying funds selectively during market dips, focusing on high-quality stocks with strong earnings visibility over a 12–18 month horizon. … Read more
With the steel spreads bottoming out, domestic brokerage firm Axis Securities sees the risk-reward for SAIL to be favorable, as it upgraded the stock to a ‘buy’ rating from ‘hold’ previously, while giving a target price of Rs 130. “With the steel spreads bottoming out, we foresee the risk-reward turning lucrative for SAIL. SAIL is … Read more
Leading NBFC Bajaj Finance is expected to post healthy growth in its core earnings for the first quarter ended June 2024. Net interest income for the reporting June quarter is likely to grow 26% year-on-year, according to an average estimate of four brokerages. Profit after tax (PAT), meanwhile, is seen rising 16% year-on-year. The company’s … Read more