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
In the fag-end of last week which brought a massive sell-off in Dalal Street, one sector that managed to add wealth into investors’ kitty was automobile and auto ancillary. Major stocks in this pack not only managed to buck the weak market trend but also gave strong double-digit weekly returns. The S&P BSE Auto index … Read more
Global brokerage firm Citigroup maintained a sell rating on , JPMorgan remained underweight on , and Morgan Stanley has an overweight rating on . We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Morgan Stanley on Suzuki: Overweight | Target Rs 10,483Morgan Stanley maintained an overweight rating on … Read more
Domestic equities could see extended profit booking as concerns over recession amid steeper rate hikes remained following Bank of England’s policy action on Thursday. Options data too indicates that Nifty 50 is likely to be in a consolidation phase, as most of the out-of-the-money call option premiums fell sharply in the previous trading session. Here’s … Read more