Bullish on DLF, L&T, Maruti Suzuki and RIL from Indian equities: Jonathan Garner

Bullish on DLF, L&T, Maruti Suzuki and RIL from Indian equities: Jonathan Garner

“Japan is a very strong story and it trades only about fourteen-and-a-half times one year forward PE,” says Jonathan Garner, Morgan Stanley.So, are you saying we should expect only, let us say, mid-single digit kind of realistic return expectation from the Indian markets as well?That is the base case. As I mentioned, the bull case … Read more

Impact of any US recession on D-Street to be far less than earlier: Ridham Desai

Impact of any US recession on D-Street to be far less than earlier: Ridham Desai

Serious investors are looking beyond concerns over rich headline stock valuations and coming to India, said Ridham Desai, head-India equity research at Morgan Stanley. In an interview with Ankit Doshi and Nishanth Vasudevan on the sidelines of the firm’s investment conference, Desai said financials followed by industrials and consumer discretionary are his top investment picks. … Read more

Outlook 2023: Financials, cement, infra, renewable energy stocks to hog limelight next year

Outlook 2023: Financials, cement, infra, renewable energy stocks to hog limelight next year

The year 2022 had seen the indices scaling the highest record as well as volatility as the central banks of many economies raised their key policy rates in order to control the rising inflation in their respective countries. The Reserve Bank of India is also slowly hiking key policy rates to rein in inflation in … Read more

Bank Nifty above 40K may limit downside for Nifty: Analysts

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Technical analysts expect the Nifty to find resistance at 18,500 in the coming week after declining for four straight days last week. Nifty closed at 18,114.90 on Friday. Analysts said the broader trend remains positive, with financials likely to outperform in the coming days but midcaps may fall further. NAVNEET DAGASENIOR DERIVATIVES ANALYST – INSTITUTIONAL … Read more

18K likely this week, may trigger some profit booking: Analysts

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Technical and derivative analysts expect the Nifty to cross 18,000 this week, continuing its recent momentum that saw the Sensex touch 60,000 last Friday. Analysts expect the index to find support at 17,600-17,700. There is a possibility of profit booking bouts but they don’t see a deep correction. SRIRAM VELAYUDHANVICE PRESIDENT-ALTERNATIVE RESEARCH, IIFL SECURITIES Will … Read more

SAIL discloses Covid-19 impact on financials at Rs 771.76 crore due to fall in net realisations

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Mumbai: State-owned steel manufacturer, Steel Authority of India (SAIL) has said that the impact of Covid-19 in the financial results of FY 2020 was Rs 771.76 crore on account of fall in the net realisable value of inventories. “Operating plants at sub-optimal levels, lack of domestic demand for steel in the country, and un-remunerative prices … Read more