Nifty targets 22,250, says Rajesh Palviya; advises buy on dips strategy

Nifty targets 22,250, says Rajesh Palviya; advises buy on dips strategy

“The Nifty IT sector has faced downward pressure for the past few days. However, stalwarts like TCS and HCL Tech exhibit resilience on longer-term charts, suggesting potential buying opportunities amid corrections. We remain watchful of Nifty IT’s ability to hold the 100-day moving average; sustaining above it could signal further buying interest,” says Rajesh Palviya … Read more

Kotak picks new speciality chemical stock, trims position in 4 IT stocks

Kotak picks new speciality chemical stock, trims position in 4 IT stocks

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