Ace investor Ashish Kacholia has reduced his holdings in three smallcap counters in the March ended quarter viz Aditya Vision, Safari Industries (India) and Universal Autofoundry. Kacholia trimmed his stake in Aditya Vision by 12 bps to 1.87 at the end of the January-March quarter versus 1.99% at the close of the December quarter. Aditya … Read more
Global brokerage firm HSBC maintained a buy rating on VRL Logistics, Macquarie retained an underperform rating on Nykaa, Antique initiated a buy recommendation on Titagarh Wagons and Citigroup has a buy rating on MGL. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: HSBC on VRL Logistics: Buy| … Read more
“We are of the opinion that initial resistance is at 18650 levels once that level has been crossed then you are going to see the prior all-time high and then it can extend its gain further,” says Mileen Vasudeo, Arihant Capital Markets. Where do you see Nifty headed in the brand new series?If you see … Read more
VRL Logistics, part of the logistics solution provider, could well surpass Rs 800 levels to hit fresh record highs amid a pick-up in logistics activity, robust industry outlook, improved margins, and growth in revenues as well as profitability. VRL, part of the S&P BSE Smallcap index, hit a fresh record high of Rs 719 on … Read more
As Nifty50 ended May on a negative note, domestic brokerage firm in its latest ‘bulls vs bears’ report has highlighted the valuations of Indian stock markets. Apart from the valuations part, the brokerage has also cherry picked a number of stocks across the sectors, which might outperform in the remaining part of the year. The … Read more