“Talking specifically about PB Fintech, the stock has gone through a large correction over the last, let us say, about six-eight months or so, but as a concept we do like platform companies,” says Hemang Jani, Independent Market Expert.Firstly, wanted to touch upon PB Fintech, that is one of the stocks that going to be … Read more
After two straight sessions of gains, defence stocks saw profit booking on Wednesday, 30 April, even as geopolitical tensions between India and Pakistan remained elevated following the deadly Pahalgam terror attack. Shares of Hindustan Aeronautics (HAL), Garden Reach Shipbuilders & Engineers (GRSE), Data Patterns, Cochin Shipyard, and others declined up to 5.2% during the session. … Read more
Market expert Neeraj Dewan is currently avoiding largecap as well as midcap IT stocks due to their high valuations and potential headwinds from the US, anticipating profit-taking. He also remains cautious about ferrous metals like Tata Steel, citing a lack of clarity and weak rebound despite corrections. Dewan suggests waiting for more clarity before considering … Read more
Shares of Indian defence companies surged between 5% and 11.5% on Monday, 28th April, driven by escalating tensions between India and Pakistan and the expected formal announcement of the Rafale-M fighter jet deal. Stocks such as Paras Defence, Garden Reach Shipbuilders, Data Patterns, Cochin Shipyard, Mazagon Dock Shipbuilders, and Hindustan Aeronautics saw notable gains. The … Read more
“Our top picks in the sector are Solar Industries and the target price that we have is 13,720. If you look at PTC Industries, we have the target price of 20,070. And if you look at Azad Engineering, our target price is 2,350, that is clearly more than 20% return that we are targeting for … Read more
The European Commission has announced a major defence initiative, the ReArm Europe Plan, in response to the rising security threats. Analysts believe that the European defence spending will boost Indian defence stocks, particularly Bharat Electronics and HAL among others. Further, the government spending on infrastructure and capital goods remains strong, and private sector capacity expansion … Read more
Indian frontline indices ended the week with 2.3% cuts amid selling pressure in most sectors, primarily in banks, auto and pharma. On Friday too, they ended lower. While the S&P BSE Sensex settled at 77,378.91, down by 241.30 points or 241.30%, the broader Nifty closed at 23,431.50, lower by 95 points or 0.4%. Commenting on … Read more
Shares of PSU company Hindustan Aeronautics (HAL) today surged 4% to an intraday high of Rs 4,246 on the BSE today after the company on Thursday reported a consolidated net profit of Rs 1,510 crore for the quarter that ended September 30, 2024, rising 22% over Rs 1,237 crore reported in the year-ago period. The … Read more
“I think the broader call one will have to take only post getting the clarity on the earnings picture. But my overall view is that the Nifty or the largecap companies by and large should hold out. I do not see a reason for a significant downward correction as far as the Nifty and the … Read more
Domestic markets began the week on a subdued note and ended nearly flat, pausing after Friday’s decline. In today’s trade, shares of Infosys, Dixon Tech, AstraZeneca Pharma, HAL, GMR Airports among others will be in focus due to various news developments.InfosysThe Securities and Exchange Board of India (Sebi) on Monday lifted restrictions placed on employees … Read more