“You can see some improvement in provisions. And importantly, the valuation is still very much on SBI‘s side. So I think there is a significant upside from the current levels for SBI,” says Chakri Lokapriya, CIO & MD, TCG AMC.What do you want to start with, there are two big numbers today SBI and ITC?SBI … Read more
“I feel that eventual levels that we could see on Nifty would be 17,850, 17,900 in the next few sessions. And just to add to this, Bank Nifty has also started showing a good traction,” says Sudeep Shah, SBI Securities. Let us start with your view on the market. Three, four, five days of gains. … Read more
“Our allocation to new private companies in 2022 was zero and this year however we are making progress, we are doing diligence,” says Vikas Pershad, M&G Investments.I am going to now jump from IT to the fancied IT names all these new age tech companies. I recall your comment that you were not as smart … Read more
This Valentine’s Day will be a busy day for traders as equity markets struggle for direction amid lack of fresh triggers and mixed global cues. Choice Broking has recommended select stocks including , , , and Bector Foods to buy on February 14. Technically, Indian Hotels, on the daily chart, has been taking support near … 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
“In our portfolio, we have players like Persistent and . Initially, in the next couple of quarters, there will be low growth but over the next two to three years, they can do more than 10-12% kind of revenue growth because the headwinds of rising wage hike and other related costs are almost behind us. … Read more
NEW DELHI: With Motown in top gear, auto stocks once again rewarded investors handsomely in 2022, clocking double-digit returns for the third consecutive year. The BSE Auto index which is up around 18% so far in 2022, rallied 19% in 2021 and 13% in 2020. But interestingly, the auto index has managed to outperform the … Read more
“For , as of now there is zero trend as such till the time it shows any price action, which can confirm a trend change. It is still an ‘avoid’,” says Rahul Shah, VP-Equity Advisory, . Edited excerpts: Let us talk about the IT sector. No doubt, last week, the sector was majorly in focus … Read more
Mumbai: Tube Investment, ABB India, Varun Beverages, , and are among the stocks likely to enter the MSCI India Standard index as part of the gauge’s November 2022 semi-annual review, IIFL Securities said. Global index services provider MSCI will announce the changes to its Indian indices on November 10, while the adjustments will take place … Read more
Indian markets closed in the green on Thursday despite a muted start. The S&P BSE Sensex and Nifty50 recouped intraday losses and closed marginally higher which is a positive sign for the bulls. Sectorally, buying was seen in realty, utilities, power, capital goods, and banks while some selling was visible in oil & gas, IT, … Read more