With a lackluster Q2FY25 earnings season behind, several top brokerages have made changes to their model portfolios and come out with their preferred stocks and buy recommendations. ETMarkets brings a list of top stocks, which are part of the model portfolios of Motilal Oswal Financial Services (MOFSL), Nuvama Institutional Equities and Kotak Institutional Equities. Nifty … Read more
“If one had to take bullish bias, then they should only take above 24,500. Otherwise, this market could be sell on rally in that kind of a pattern. And if one had to talk about leadership, then banking is having more leadership compared to Nifty,” says Aditya Arora, Adlytick. How are you looking into this … Read more
Benchmark BSE Sensex jumped nearly 592 points while Nifty reclaimed the 25,000 level on Monday shares amid a firm trend in global markets. Stocks that were in focus include names like HDFC AMC, which gained 1.7%, HCL Tech, which jumped 1.2%, and Sterling and Wilson, whose shares rose 5% on Tuesday. Here’s what Viral Chheda, … Read more
Target Price: Rs 2,700 Stop Loss: Rs 2,250 ACC appears to be following its 30-day harmonic cycle. According to the cycle analysis, the security halted its downward move on September 3rd. From September 4th onward, buying activity has increased, with subsequent days showing continued buying and rising volume, indicating strong buyer interest. The upward movement … Read more
“For this September series, we expect the range for September series for Nifty is 24,800 on the downside and on the higher side 25,600, this is going to be the possible range for Nifty. For Bank Nifty, the immediate supply zone which is placed is around 51,500 which is very important level to cross on … Read more
A look at some of the stock recommendations by analysts of late. These stocks are expected to return between 12% and 25% as per analysts’ price targets. DLF BROKERAGE: JEFFERIES Price Target: Rs 985 CMP: Rs 830 Upside: 18.7% Risk-Reward favourable with stock trading below net asset value (NAV), strong cash flows Recent stock underperformance … Read more
“So, the way broader market is participating, sectorial rotation is happening, now the IT is on the front seat for this rally, so the way market is doing the sector rotation that is clearly giving us confidence that ahead of budget maybe we can see further higher level towards 25,000 level also,” says Rajesh Palviya, … Read more
The India Meteorological Department (IMD) announced its stage-2 long-range forecast for southwest monsoon 2024. It has retained its outlook of an above-normal monsoon this year. It expects rainfall in the upcoming monsoon to be at an eight-year high of 106% (with an error margin of +/-5%) of the long-period average of 870mm for the four-month … Read more
Brokerage firm JPMorgan maintained an overweight rating on LIC Housing Finance, Nomura has a buy rating on Info Edge, BofA Securities recommended a buy on Biocon and Jefferies upgraded M&M to buy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on LIC Housing: Overweight| Target Rs … Read more
The corporate earnings scorecard for 4QFY24 has been in line so far. The earnings spread has been decent, with 70% of our Coverage Universe either meeting or exceeding profit expectations. However, growth has primarily been led by the BFSI and Automobile sectors. The earnings growth was fuelled by the domestic cyclicals, such as BFSI and … Read more