The Indian market is expected to inch higher on Friday. The trend remains mixed; hence, some profit-taking could be seen at higher levels. The S&P BSE Sensex rose nearly 500 points while the Nifty50 closed just a shade below 20,000 on Thursday. India VIX was up by 1.59% from 11.60 to 11.78 levels on Thursday. … Read more
Technical charts indicate Nifty could extend its recordbreaking run and the upward momentum acceleration towards 19,700 in the coming month. HDFC twins, Mahindra & Mahindra, Reliance Industries, L&T, Bajaj Auto, Hero Moto, JSW Steel, Bharti Airtel, Indian Hotels, HEG, Persistent Systems, Gabriel, and BEL, are some of the stocks recommended by technical analysts for short-term … Read more
Kotak Institutional Equities initiated coverage on Mankind Pharma stock with ‘Add’ rating for a price target of Rs 1,875. The domestic brokerage sees an 11% upside in the counter from current levels. “Mankind Pharma is well-positioned to further leverage its robust marketing prowess and reach. Within branded Rx, we expect a ramp-up of specialty and … Read more
Brokerage firm Morgan Stanley maintained its overweight rating on JSW Steel, SBI, Sun Pharma, and Nykaa. The brokerage also initiated an equal-weight rating on Eicher Motors. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on JSW Steel: Overweight| Target Rs 580Morgan Stanley maintained an overweight … Read more
“I will say that real estate is something which I would like to categorize in a rich man’s consumption and it is something which is still reasonable. We would all love to have Titans and Trents and Jockeys of the world in our portfolios but obviously the valuations are so rich that at best what … Read more
NEW DELHI: Snubbing bearish views of most foreign institutional investors (FIIs) on IT stocks amid recession-related worries in western economies, India’s largest domestic investor LIC is making a contra bet. The March quarter shareholding pattern shows that the state-owned insurer hiked stakes in seven of the biggest Indian tech majors – TCS, Infosys, Tech Mahindra, … Read more
“Indian Hotels has been delivering very strong numbers and I think for some companies COVID actually helped them because many of these companies were very good brands and very good service companies, but they had cost issues,” says Sandip Sabharwal, asksandipsabharwal.com. I am going to pick and choose one stock that I know you are … Read more
New Delhi: Cyber security has become very critical in every sector as cyber-attacks have been on the rise. Ransomware attacks are becoming increasingly common and involve hackers gaining control of a victim’s systems and demanding payment in exchange for restoring access to their data. In the last few years, there have been some high-profile cybersecurity … Read more
“Question is whether you will get an allotment or not because of the heavy over subscription. But, from retail investor perspective, it is a good opportunity and perhaps you could even add some stock post listing,” says Dipan Mehta, Director, Elixir Equities.Mankind Pharma, an offering from the pharma sector after a while, wanted to understand … Read more
“Improvement in inflation probably is indicating clearly that the need for hawkish monetary policy may not be there for very long. And that did cheer up the market again, both in US as well as other emerging markets plus India,” says Sudip Bandyopadhyay, Inditrade Capital. What changed for the markets in the last couple of … Read more