With a nearly 20% rally in 2023, Nifty is overvalued by as much, according to a report by Kotak Institutional Equities. The brokerage remains wary of an absolute return potential of the market from the current levels as it replaces ITC and Larsen & Toubro (L&T) with Britannia and PSU stock NTPC from its concentrated … Read more
Similarly, HDFC Bank has one of the best credit underwriting matrices in the system and consistently gained market share over a long period. The stock is trading at 2.2 times of its book value compared with the long-term average of 3.7. Synopsis Mega stocks such as HDFC Bank, Reliance Industries, ICICI Bank, Infosys, TCS, Axis … Read more
Tata Consumer Products became the sixth firm among the listed Tata Group companies to cross the market capitalisation of Rs 1 lakh crore. In Friday’s trade, Tata Consumer stock rose 3.8% to cross this milestone. Apart from Tata Consumer, Tata Consultancy Services (TCS), Titan, Tata Motors, Tata Steel, and Trent have crossed the market cap … Read more
