A fair part of the expected returns in 2024 probably came through in the last 2 months of 2024, as investors globally have discounted a steep rate cut cycle, says Shankar Raman, chief investment officer at Centrum Wealth. “As such, further upmoves require growth surprises hereon – in the context of a slowing global economy … Read more
Abhay Agarwal, Founder & Fund Manager, Piper Serica, says “outsourced manufacturing as a concept is here to stay and it will reward large players. While there is nothing wrong with branded players like Voltas or Blue Star, we would like to back very efficient, large and getting larger manufacturers like Dixon and Amber purely for … Read more
In between hectic trading days, equity investors will have room for small breathers with four long weekends scheduled in the first three months of the current calendar year. In January, exchanges will remain closed on January 26 on account of Republic Day, which is falling on Friday. Hence, there will be three consecutive days off … Read more
Brokerage firm UBS initiated coverage on HAL with a buy rating, and CLSA is positive on financial stocks like Bajaj Finance, ICICI Bank and Mahindra Financials. Motilal Oswal has a buy rating on IIFL Finance. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: UBS on HAL: Buy| … Read more
Siddhartha Khemka, Head-Retail Research, MOFSL, says “the quarterly results would be the next trigger for the market. In terms of overall valuations, we see that markets are comfortable, especially the large caps. The Nifty is trading at a one-year forward PE of 19-19.5, which is still at a discount to its last 10-year average of … Read more
Vineeta Singh, Co-Founder & CEO, Sugar Cosmetics, says “We have already crossed Rs 500 crore revenue in FY24 and we are expecting to close FY24 at a 500 plus crore net revenue. ” Singh also says: “We are looking at about a two to three years’ timeline in terms of an IPO because it is … Read more
Hemang Jani, Independent Market Expert, says “our overall sense is that though we might see a little bit of sideways movement or a bit of a profit booking, the broad structure of the market remains good. We will have to do a little bit more hard work in terms of what are the pockets of … Read more
Nifty on Wednesday ended 148 points lower to form a long negative candle on the daily chart placed at the edge of breaking below the immediate support of 10-day EMA. The positive chart pattern like higher tops and bottoms is intact on the daily chart and the present weakness could be in line with the … Read more
Nifty on Tuesday ended 76 points lower to form a reasonable negative candle on the daily chart with a minor lower shadow, which technical analysts say indicates a reversal in the short-term. Positive chart pattern like higher tops and bottoms is intact on the daily chart and present consolidation/weakness is in line with the formation … Read more
Anand Ramanathan, Partner, Consumer Industry Leader, Consulting, Deloitte India, says “we are seeing green shoots in rural India and retail today in India is still about two-thirds of it is food and groceries. So, food will be one of those big categories. But beyond that, while the overall retail market is expected to double by … Read more
