Amnish Aggarwal, Head-Research, Prabhudas Lilladher, discusses the metal sector rally, noting raw material gains drove profits. Volume growth is crucial for further gains. Safeguard duties offer price support. MNCs are diluting stakes in Indian ventures due to valuation differences. Commitment levels and technology dependence are key factors. Stake reductions below 51% may signal reduced interest. … Read more
“Some of the auto companies, although the run up there might not be that significant, some of the leading private sector banks, so this is the third segment, which you can look at. In addition to it other spaces, for example, you can look at hospital which is absolutely insulated, pure play domestic,” says Amnish … Read more
Tyre stocks have been enjoying an upward rally in the past few months. Major players like Apollo Tyres and JK Tyres have enjoyed a surge of nearly 16% on the charts. With the reports of increase in the price of tyres, the stocks from the sector may come under the radar of investors positioning them … Read more
The El Nino weather event may adversely impact rainfall during the upcoming winter season – thereby affecting the key rabi crop of wheat – and make the next summer season the hottest ever, one of the top weather forecasters in the country has said. DS Pai, a senior scientist of IMD, said the impact of … Read more
“Yes, this is just a routine correction which is healthy also if we are supposed to make new highs, so this sort of routine correction is also expected and should happen,” says Shilpa Rout, Prabhudas Lilladher. What do you make of the weakness, is it just a one-day move or maybe we are going to … Read more
“One can go for options trades. I believe a long straddle at 17400 zone is very much likely to be played out for the next week expiry,” says Shilpa Rout, Prabhudas Lilladher.What do you make of the market move after 8-9 trading days we are sustainably into green so far?After eight consecutive sessions of losses … Read more
“Bank Nifty is also holding very decisively at about 42000 which is a very good sign for the bulls and we should see targets of 44000 in a short while,” says Shilpa Rout, Derivatives – Lead Analyst, Prabhudas Lilladher. It looks like the benchmark indices have taken a breather after the furious rally that we … Read more
“We remain bullish on Indian markets and expect markets to scale new highs in 2023. We have a 12-month Nifty target of 21,035,” says Amnish Aggarwal – Head of Research, Prabhudas Lilladher Pvt Ltd. In an interview with ETMarkets, Aggarwal who has an experience of around 20 years in the financial markets, said: “We expect … Read more
Having remained aloof to the selloff in equity markets worldwide, the Nifty too showed signs of being vulnerable on Friday as it broke its crucial support of 17,400 levels after falling 302 points. Fear gauge index India VIX rose sharply by 9.2% to 20.5 levels, indicating that volatility may remain high, going forward. Volumes on … Read more
Notwithstanding the upheaval on Dalal Street amid a rise in the US dollar index, domestic brokerage Prabhudas Lilladher has increased its Nifty target to 20,057, signalling an upside potential of 14.5 per cent for June 2023. “Nifty EPS has seen only minor tweaks in the current quarter with 13.2% EPS CAGR over FY22-24 with FY23/24 … Read more