“We can expect the positive momentum to continue. So, yes, bias remains positive. Similarly, for the Bank Nifty, if we see, it is holding on to its key support of 20-day exponential moving average. So, 56,800 to 56,700 is a strong support. So overall bias is positive. Buy on dip would be the strategy that … Read more
Pashupati Advani, Founder, Global Foray, says we will see positive surprises in companies which have a lower tariff than people expect. The second thing that will happen is if there is any kind of misbalancing and arbitrage opportunity in the tariffs, companies that are able to take advantage of that will be winners. Whoever moves … Read more
Going forward, Nifty would need to sustain above the 25,000 mark for any meaningful rally, towards the next target of 25,400 levels, Aamar Deo Singh, Senior Vice President-Equity, Commodity & Currency at Angel One said. This analyst spells-out strategy in previous week’s major movers viz. Bajaj Auto, Avenue Supermarts (DMart), Adani Green Energy and three … Read more
The corporate earnings scorecard for 4QFY24 has been in line so far. The earnings spread has been decent, with 70% of our Coverage Universe either meeting or exceeding profit expectations. However, growth has primarily been led by the BFSI and Automobile sectors. The earnings growth was fuelled by the domestic cyclicals, such as BFSI and … Read more
Brokerage Investec upgraded Marico to a buy from hold, Jefferies maintained a buy rating on Godrej Consumer, JPMorgan maintained an underweight rating on Gujarat Gas, and a neutral stance on Lupin. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Investec on Marico: Buy| Target Rs 616 Investec … Read more
Brokerage firm CLSA has a buy rating on ITC, Nomura recommended a buy call on Bajaj Finance, CLSA maintained a sell rating on Jubilant FoodWorks and Macquarie has a neutral rating on Godrej Consumer. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nomura on NBFCs: Bajaj Finance, … Read more
Nifty, which had formed a bearish engulfing pattern on the weekly as well as on daily charts, opened Tuesday’s trading session on a strong note with the index scaling above the 21,700 level.Given the circumstances, three stocks have formed a strong setup on the technical charts giving an attractive risk-to-reward ratio. Analyst: Sheersham Gupta, Director … Read more
Brokerage firm CLSA maintained a buy rating on RIL, Goldman Sachs downgraded ONGC, BPCL, and IOC. Jefferies has a buy rating on Godrej Consumer and Nuvama upgraded Infosys to buy ahead of Q3 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on RIL: Buy| Target … Read more
Brokerage firm Nomura maintained a buy rating on Tata Motors while CLSA maintained a sell rating on Vodafone Idea, and Jefferies has a buy rating on Godrej Consumer and Bajaj Finance. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Nomura on Tata Motors: Buy| Target Rs 786 … Read more
Brokerage Kotak Institutional Equities has increased its weight on consumer plays Britannia Industries and Godrej Consumer Products (GCPL) as it tweaked its largecap portfolio while lowering weightage for Macrotech Developers, even as the domestic brokerage remains positive on the residential real estate space. Kotak has increased weights by 20 bps on Britannia Industries and GCPL … Read more