Domestic markets closed marginally lower in highly volatile trade on Monday amid allegations against Sebi chief Madhabi Puri Buch and her husband by the US short-seller Hindenburg Research. Stocks that were in focus include names like Voltas, which rose 10.69%, RVNL, which jumped 11.16%, and MapMyIndia, whose shares increased 3.75% on Monday. Here’s what Kushal … Read more
Besides macro factors and solid earnings growth, one of the biggest reasons behind higher valuation multiples on Dalal Street is the unflinching faith shown by domestic investors. But the valuation multiples can face headwinds if the domestic flows into equities slow down following rises in short- and long-term capital gains tax in the Union Budget, … Read more
“Companies like Voltas performed well initially, but their recent results, especially in the EMPS space, were disappointing. With per capita spending increasing, fast-moving electrical goods, home improvement, and auto sectors tend to do well,” says Gurmeet Chadha, Complete Circle ConsultantsWe are hearing reports suggesting an acute shortage of air conditioners and other consumer durable goods. … Read more
The Indian market is likely to trade higher on Monday tracking positive global cues. The S&P BSE Sensex rose more than 200 points while the Nifty50 climbed 22500 levels in the morning trade. The index is likely to find some resistance around the 22750-22800 levels while on the downside 22300 is likely to act as … Read more
Indian market is likely to edge higher on Thursday tracking positive global cues. The US Federal Reserve holds rates steady but signaled fresh concerns about inflation. However, the session could turn volatile as we are trading near record highs, suggest experts. Positive factors that could support the uptrend include record-high GST revenue, FIIs and DIIs … Read more
Brokerage Citigroup maintained a sell rating on Wipro, Morgan Stanley recommended an Equal-Weight rating on HDFC AMC, Investec recommended a buy on Dixon Technologies and a hold on HDFC Bank post Q4 results. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Investec on HDFC Bank: Hold | … Read more
Mumbai: Investors looking at seasonal investment themes could consider air conditioner manufacturers as the sweltering heat forecasts this summer are expected to boost sales. Shares of air conditioner companies have surged up to 15% in the first week of April and analysts see more room for upsides despite valuations being on the higher side. “The … Read more
The Indian market is likely to consolidate on Thursday tracking muted global cues. The Nifty future closed negative with losses of 1.66% at 22,073 levels on Wednesday. India VIX was up 5.79% from 13.64 to 14.43 levels. Positive setup was seen in stocks like Abbot India, ICICI Bank, and Bajaj Finance while weakness in NALCO, … Read more
ITC. Share Price 422.45 04:08 PM | 13 Mar 2024 18.00(4.46%) ICICI Bank. Share Price 1083.95 04:08 PM | 13 Mar 2024 7.11(0.66%) Kotak Mahindra Bank. Share Price 1729.55 04:08 PM | 13 Mar 2024 9.21(0.54%) Cipla. Share Price 1471.25 04:08 PM | 13 Mar 2024 5.50(0.38%) Bajaj Finance. Share Price 6456.15 04:08 PM | … Read more
Brokerage firm CLSA maintained an outperform rating on Maruti Suzuki and downgraded HDFC Bank to outperform. Morgan Stanley maintained an overweight rating on Zomato and upgraded Voltas to Equal Weight. Bernstein downgraded SBI. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Maruti Suzuki: Outperform| Target … Read more
