Shares of realty developer Macrotech Developers (Lodha) surged 43% in the past week as property registrations remained buoyant in Mumbai and Maharashtra in February. Despite the recent rally, the stock has lost nearly 10% on a year-to-date basis. February housing unit registrations in Mumbai were down 7% year-on-year (YoY) but rose 8% month-on-month (MoM) despite … Read more
The Indian markets began the trade on a bearish note on Friday. Sensex, Nifty ended on a higher note on Thursday as the gains were trimmed on the back of profit booking on higher levels. We have collated stocks from various experts for traders who have a short-term trading horizon: Expert: Securities told ETmarkets.com | … Read more
Global brokerage firm Morgan Stanley have shared its view on a number of stocks including , and . Another foregin broker has initiated its coverage on with a ‘buy’ tag. We have collated a list of recommendations from top brokerage firms (Source: ETNow): Morgan Stanley on Tata Elxsi: Underweight | Target Price: Rs 5,800 Morgan … Read more
, and are three stocks that Sumeet Bagadia, Executive Director, Choice Broking, says would be on the top of his radar for the week. “One can initiate a long position in at CMP Rs 2,526. Keep a stop loss at Rs 2,450 for a target price of Rs 2,650-2,700,” he adds. Edited excerpts: Where do … Read more
, and are three stocks that Sumeet Bagadia, Executive Director, Choice Broking, says would be on the top of his radar for the week. “One can initiate a long position in at CMP Rs 2,526. Keep a stop loss at Rs 2,450 for a target price of Rs 2,650-2,700,” he adds. Edited excerpts: Where do … Read more
Technical analysts expect the market to extend its decline this week. The Nifty is likely to touch the 17,600 level, and in case of further weakness, the index is expected to fall below the 17,200. Traders must buy stocks such as , , and Thermax; and sell , , BoB, and , analysts said. NAGARAJ … Read more
Mumbai: Shares of realty companies have been among the top performers in the recent bull cycle but with interest rates firming up of late, investors must be choosier about their picks in the sector. Analysts prefer leading property developers such as (Lodha), DLF, and at this juncture. The BSE Realty index is down 31% from … Read more
Mumbai: The Reserve ‘s interest rate hike for the second straight month has not dampened investors’ appetite for shares of companies sensitive to interest rate moves such as banks, real estate and automobiles. But, analysts warn that further rate increases could result in fewer stocks remaining attractive as investors assess the impact of higher interest … Read more
NEW DELHI: Rate sensitive stocks gained on Wednesday after the Reserve Bank of India (RBI) hiked repo rate – the rate at which it loans money to banks — by 50 basis points to 4.90 per cent in order to tackle elevated inflation. Most bank stocks, which are among the most sensitive stocks with respect … Read more
Investors could consider accumulating shares of residential real estate developers amid the recent weakness as the upcycle in the sector is likely to extend over the next three years, said analysts. , , , and could gain as much as 20-27% over the next one year, according to analyst consensus estimates compiled by Bloomberg. “Outlook … Read more