New Delhi: As the result season for the first quarter of the financial year 2022-23 approaches, foreign brokers have turned cautious over Indian equity markets. Goldman Sachs initiated coverage on Delhivery with a neutral rating while Jefferies maintained a bearish view on metal stocks. Goldman Sachs set a target price of Rs 540 on Delhivery … Read more
“As of now a patch of consolidation is more of a sector churn. But bias remains extremely bullish on the indices,” says independent market analyst Kunal Bothra The week was taken over by IT thanks to all those big results like Infosys, Wipro, TCS, Mindtree, HCL Tech. Going forward in the new week, what are … Read more
NEW DELHI: While on one hand the boom in commodities is causing a rip-roaring rally in metal stocks, it is giving a new headache in the other part of the market. Read about the effects of rising input inflation, Saurabh Mukherjea‘s interview, Michael Price’s contrarian view on markets, and more in this week’s edition of … Read more
NEW DELHI: Ace investor Rakesh Jhunjhunwala, who recently reduced his stake in Titan, says cyclical stocks and the most battered smallcaps and midcaps will outperform favoured blue chips like HDFC and Titan over the next 4-5 years. “If you look at the valuations of cement stocks and metal stocks, and if you look at the … Read more
According to Chandan Taparia, technical analyst at Motilal Oswal Financial Services, the major trend of the stock is positive as it has been making higher top-higher bottom along with buying interest in the entire metal space. Synopsis Shares have rallied 72% in the last one month and 166% in the last three months to close … Read more
Metal stocks like Tata Steel, JSW Steel and Jindal Steel and Power are looking very convincing from here on, says Rahul Shah, VP-Equity Advisory, Motilal Oswal Financial Services. Excerpts from an interview: Would you apply the same logic to the hotel sector picks seeing that if travel is picking up ideally we should likely also … Read more