Indian market is expected to open higher on Friday tracking positive global cues. The Nifty future closed positive with gains of 0.28% at 21983 levels on Thursday. India VIX was down by 4.65% from 16.33 to 15.57 levels. Volatility cooled off after steaming in the entire week and paved the way for the bulls in … Read more
Equity indices climbed for the fourth straight session on Friday. The 30-share Sensex surged 376 points to close at 72,426 and the broader Nifty also rose 129 points to end at 22,040. Stocks that were in focus included names like TVS Motor, which rose 2.25%, KPI Green, which jumped 5%, and Oil India, whose shares … Read more
Shares of two-wheeler major TVS Motor Company crossed Rs 1 lakh crore market capitalisation on Friday as the stock jumped over 4% to hit its fresh 52-week high of Rs 2,186 on the NSE. At 11 am, the stock’s market capitalisation stood at Rs 1.03 lakh crore. The gains come on the back of a … Read more
Hemang Jani, Independent Market Expert, says “the way TVS has responded to the EV threat and come out with various products, makes it look very compelling and it has been the best performing stock in the last about 12 months. But in terms of valuations, I still prefer a Bajaj or a Hero compared to … Read more
The second quarter results, even though a bit mixed, were largely in line with the expectations so far. While the IT companies’ revenue forecasts were muted, private lenders reported good margins and improved asset quality. In the upcoming week, a slew of Nifty companies and some Adani group firms will announce their earnings. Here’s a … Read more
Shedding its ‘underperformer’ tag of the past four years, the Indian auto sector is all set to post a double-digit earnings CAGR over FY23-26E making it a prize catch for the investors, Jefferies said in a note while picking 9 stocks as buys out of the 11 in its auto universe coverage. Jefferies picks Tata … Read more
Shares of Bharat Rasayan have delivered bumper returns to investors over the last decade, rising as much as 6,600%. If an investor had invested Rs 10,000 in the stock 10 years ago and stayed put, the investment would have turned to Rs nearly 7 lakh, according to an analysis by ET Markets. In the last … Read more
“Yes, the Bank Nifty has given up the support area of 43,000 on a closing basis in Friday’s session. And now looking at the data setup, we believe that if it continues to remain below the 43,000 level, then we may see another round of selling pressure in the coming trading session,” says Rajesh Palviya, … Read more
Brokerage firm Morgan Stanley maintained an overweight rating on AU Small Finance Bank, while JPMorgan prefers TVS Motor, Bajaj Auto, and M&M in the auto space. Jefferies has a buy rating on Medanta, CLSA maintained an outperform rating on ITC and Macquarie kept outperform rating on Tata Motors. We have collated a list of recommendations … Read more
Amid weak global cues and stress over the trajectory of future rate hikes by central banks, the domestic equity market continued its downward trajectory of last week on Monday. While bank stocks showed resilience in morning, IT stocks were the worst affected. “There are indications that on the back of renewed inflation spike, the Fed … Read more