Sandip Sabharwal, asksandipsabharwal.com, says “the markets have corrected and people are correlating it to what might happen in the election. I do not think that is the right way to do it. I think markets fall under their own weight when they become overweight. So, the Indian market became overweight and is correcting a bit. … Read more
Polycab India, part of the wire and cable industry, rallied by more than 40% in just 3 months which pushed the stock to fresh record highs last month and also registered a breakout from a ‘flag’ pattern on the daily charts. Short-term traders can look to buy the stock for a target above Rs 5,000 … Read more
Brokerage firm Goldman Sachs maintained a buy rating on IndusInd Bank, HSBC initiated coverage on Titagarh Wagons with a buy rating, Jefferies recommended a buy on Polycab and CLSA maintained a buy rating on ICICI Lombard. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Goldman Sachs on … Read more
On the auto ancillary space we are quite positive on , says Siddharth Sedani, Head – Senior VP – Equity Sales & Products Support, Anand Rathi Shares & Stock Brokers. Edited Excerpts: We have seen the PSU bank index actually kind of outperform the benchmarks, also the Nifty Bank for the most part of the … Read more