The stock market has historically performed well during the festive season. Typically, increased consumer spending during the Diwali season tends to boost company revenues and profits, which results in higher stock prices. The positive sentiment and overall favorable optimism around the festivities drive investor confidence in the market. This often leads to increased buying and … Read more
Stocks from capital-intensive sectors, cyclicals and value stocks are expected to do well as long as the investment, commodity and credit cycle continue to remain robust, an ICICI Securities report said. The brokerage has identified over a dozen stocks with ‘Buy’ ratings which it referred to as ‘value stocks’ while cautioning against value traps. The … Read more
Global brokerage Jefferies maintained an underperform rating on HPCL while CLSA retained its buy rating on Manappuram Finance. Credit Suisse has an underperform rating on Dr Lal Pathlabs, and Morgan Stanley upgraded Lupin to overweight post March quarter results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: … Read more
Global brokerage firm BofA Securities maintained a buy rating on Manappuram Finance, Morgan Stanley had an overweight rating on Bharti Airtel, and JPMorgan remained underweight on Pidilite Industries. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: BofA Securities on Manappuram Finance: Buy | Target Rs 140BofA Securities … Read more
Synopsis From a hospital stock, which has been quietly adding number of beds, to a gold loan-focussed lender, five stocks have seen an improvement in analysts’ score on SR plus and their stock prices have also moved higher. This improvement in score along with rise in prices took place amid wild market swings. Does better … Read more
The first six months of 2022 have proved volatile for domestic equity markets. Benchmarks Sensex and Nifty have registered double-digit cuts, while indices used to track second rung counters are down up to 17 per cent so far this year. According to the data from AceEquity, 392 stocks out of the BSE 500 index have … Read more
How does rising gold prices help Muthoot and Manappuram? Suppose a person borrows from one of the gold financing players, and the prices of the metal rises, the value of the collateral used to secure the loan increases. This is because if a borrower comes with gold worth Rs 100 as collateral, the gold financing … Read more
Personally, I would rather look at opportunities to buy Bharti whenever it gives a correction and keep on adding to that, says the analyst, asksandipsabharwal.com. What is your outlook on Manappuram Finance which continues to ride the tide?Manappuram has a few businesses and most of the businesses are doing well including the core business of … Read more
NEW DELHI: Hopes of an early breakthrough in Covid-19 vaccine development and better than expected quarterly earnings led equity indices about 3 per cent higher last week. Energy companies and banks performed well during the week as sluggishness in demand surfaced. It should be noted that while there has been a pickup in economic activity … Read more