Global brokerage firm Morgan Stanley maintained an underweight rating on , Credit Suisse has an outperform rating on Medplus Health, JPMorgan maintained an overweight rating on and an overweight stance on , and BofA Securities retained a buy call on . We have collated a list of recommendations from top brokerage firms from ETNow and … Read more
NEW DELHI: Domestic brokerage firm Kotak Institutional Equities has reduced stake in four IT stocks – , TCS, and – and picked speciality chemical stock SRF in its model portfolio. “We include SRF (150 bps) bps) in the portfolio. SRF stock is trading at 25.2X FY2024E EPS and its valuations have become more reasonable after … Read more
Domestic equities could see extended profit booking as concerns over recession amid steeper rate hikes remained following Bank of England’s policy action on Thursday. Options data too indicates that Nifty 50 is likely to be in a consolidation phase, as most of the out-of-the-money call option premiums fell sharply in the previous trading session. Here’s … Read more
Indian market is expected to open higher on Wednesday tracking positive global cues. The S&P BSE Sensex rose over 500 points on Tuesday while Nifty50 closed with gains of over 1 per cent in the previous trading session. We have collated stocks from various experts for traders who have a short-term trading horizon: Expert: Nagaraj … Read more
Indian market opened higher on Monday despite muted global cues. The S&P BSE Sensex rallied more than 200 points to reclaim 59,000 mark while the Nifty50 also rose above 17,600 levels in the first 15-minutes of trade. Sectorally, buying was seen in metals, telecom, realty, banks and finance stocks while selling was seen in healthcare, … Read more
Mumbai: Investors combing through the market for potential winners could consider some of the stocks that are trading at or below the actual value of the companies, said analysts. Out of the stocks on the NSE500 Index, 80 are currently trading below their book value following the sell-off in the market. Further, 40 stocks from … Read more
NEW DELHI – Domestic equity markets suffered a sharp decline in the week gone by as mounting concerns over high inflation both home and abroad stoked speculation of aggressive rate increases by central banks. The week gone by was a volatile one for stock markets as the Reserve Bank of India (RBI) announced a 50-basis-point … Read more
and are two stocks on which Mandar Jamsandekar is bullish on for this week. Edited excerpts: The index closed below 17,000 on Friday. How do you rate the move and what is the path ahead?One positive that I witnessed in this selloff is that the market has still not broken their important support levels which … Read more
KOLKATA: Fresh home mortgages surged in India over the past two months, in line with the phased unshackling of the economy, indicating that demand remains robust despite the Covid-induced disruptions and income shrinkages. Leading home loan providers, such as State Bank of India, ICICI Bank and Housing Development Finance Corporation said that demand for home … Read more
There is a fantastic growth opportunity in companies like Escorts, Sterlite Technologies Emami, LIC Housing Finance and Glenmark, says the CEO, Kim Eng Securities. How are you analysing the investing environment right now after the very sharp rally? Some sentiment impetus is coming for midcaps also. How are you looking at the largecap stocks as … Read more