A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 16% and 33% as per analysts’ price targets. Shivalik Bimetal Controls BROKERAGE: JM FINANCIAL Price Target: Rs 730 CMP: Rs 588.30 Upside: 24% Simultaneous play in switchgear, smart metering and EVs Emerged as a monopoly in the … Read more
“Important support for Nifty Small Cap Index is 18,000 and 17,800 to 18,000 is the important demand level for Small Cap Index,” says Aditya Arora, Adlytick.How did you read the opening and the recovery thereabout today both Nifty Bank Nifty and which is largecap universe as well as the smallcap and midcap universe?Aditya Arora: The … Read more
“I think this is going to be the overall range for the next two to three days, that is the 23,000 between and 23,500 on the higher side,” says Soni Patnaik, JM Financial Services.What is your understanding of the market mood right now? We scaled a fresh record high. Are we headed to 23,500 now? … Read more
Indian market is expected to trade higher on Monday tracking positive global cues. The Nifty future closed positive with gains of 1.90% at 23334 levels on Friday. India VIX was slightly up by 0.48% from 16.55 to 16.88 levels. On the options front, the weekly maximum Call OI is placed at 24,000 and then towards … Read more
The India Meteorological Department (IMD) announced its stage-2 long-range forecast for southwest monsoon 2024. It has retained its outlook of an above-normal monsoon this year. It expects rainfall in the upcoming monsoon to be at an eight-year high of 106% (with an error margin of +/-5%) of the long-period average of 870mm for the four-month … Read more
Pushed by strong order inflows and strong execution, multibagger rail PSU stock RVNL is having a dream run by rallying almost 1,000% in the past 2 years while displaying a 3-fold growth in the last one year alone. During the fourth quarter itself, the company’s revenue, EBITDA, PAT grew by 17.4%, 22% and 33% YoY, … Read more
Brokerage Citigroup maintained a buy rating on RR Kabel, JPMorgan has an overweight stance on RIL, Axis Capital upgraded Indigo to buy and Jefferies maintained a buy rating on Tata Steel. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Citigroup on RR Kabel: Buy| Target Rs 2043Citigroup … Read more
Indian markets are likely to consolidate on Friday tracking mixed global cues. The Nifty future closed positive with marginal gains of 1.54% at 23008 levels on Thursday. India VIX was down by 0.42% from 21.47 to 21.38 levels. On the weekly options front, the maximum Call OI is placed at 23500 and then towards 23000 … Read more
Brokerage firm JPMorgan maintained an overweight rating on LIC Housing Finance, Nomura has a buy rating on Info Edge, BofA Securities recommended a buy on Biocon and Jefferies upgraded M&M to buy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: JPMorgan on LIC Housing: Overweight| Target Rs … Read more
The corporate earnings scorecard for 4QFY24 has been in line so far. The earnings spread has been decent, with 70% of our Coverage Universe either meeting or exceeding profit expectations. However, growth has primarily been led by the BFSI and Automobile sectors. The earnings growth was fuelled by the domestic cyclicals, such as BFSI and … Read more
