“It would be difficult to pinpoint a specific theme as such. But overall, we do think that this market has a very good foundation in place,” says Hemang Jani, Independent Market Expert Touch wood to the market rebound. It has been pretty steady the last three days and seems like we are headed in for … Read more
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