ANTIQUE STOCK BROKING
Rs 7 lakh crore profit in 10 days! Why PSU stocks are rallying like Modi managed '400 paar'
Investors initially skeptical of PSU stocks after BJP's election setback on June 4 have seen a reversal. PSU stocks, down 16% post-election, now lead a bull run akin to Modi's '400 paar' ambition. Mazagon Dock's 48% rise drove the BSE PSU index cap up by Rs 7.24 lakh crore in 10 sessions. RCF surged 33%, Cochin Shipyard 24.5%, HUDCO and MMTC 23%, with HAL, BEL, and BHEL also gaining.
Stocks to buy after Lok Sabha Elections Results 2024: 5 stocks with up to 23.2% upside potential
While the 4 June crash eroded investor wealth, it may have eased stretched valuations. Experts believe the BJP-NDA government’s economic agenda will largely remain unchanged, though some priorities will be adjusted. Even before the election-induced jolts, the markets had been witnessing volatility. To counter the near-term shocks, invest in companies that have shown stability in the past.
Top stocks to buy: Bet on companies with healthy net profit margins to remain versatile during uncertain market conditions
The markets are expected to rally if the election results align with expectations. Nonetheless, persistent macro issues and valuation concerns may constrain the upside potential. Analysts suggest that investors capitalise on the current volatility by accumulating quality stocks.
Mukul Agrawal-owned smallcap defence stock zooms 11% after Antique gives big target price
PTC Industries, a key player in the aerospace and defence sectors, soared 11% after Antique Broking initiated coverage with a 'buy' rating and a target price of Rs 13,010. With robust manufacturing technologies and a strong order book, the company is poised for exponential revenue and profit growth, backed by titanium and super alloy manufacturing.
In Focus: Scrips that like a cloud on the horizon
Companies such as Hindustan Unilever (HUL), Britannia, Dabur, Hero Motocorp, Westlife Foodworld, Shoppers Stop and others have already indicated in their commentary a gradual demand recovery if the monsoon forecast turns out to be accurate.
Honasa shares surge 7% after reporting Rs 30 crore profit in Q4. Should you buy, sell or hold?
Honasa Consumer, the parent company of Mamaearth, saw its shares surge by 7% during Friday's trading session on the BSE, reaching a peak of Rs 447.70. This increase followed the announcement of a net profit of Rs 30.4 crore for the quarter ending March 2024, a significant improvement compared to the Rs 161.7 crore loss reported in the same quarter last year.
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BHEL shares decline 8% on Q4 miss. Should you buy, sell or hold?
BHEL Share Price: Bharat Heavy Electricals (BHEL) witnessed a sharp decline of up to 8% on the BSE on Wednesday, dropping to Rs 295, following the company's announcement of a more than 25% year-on-year decrease in its consolidated net profit to Rs 489.62 crore for the March quarter.
5 high-quality stocks backed by analysts with up to 38% one-year upside potential
The stocks that saw an improvement in experts’ perspectives can prove valuable investment bets.
Top Indian fund bullish on telecom stocks amid tariff hike bet
Mukesh Ambani’s Jio disrupted the market in 2016 with cheap 4G data services, sparking a price war that reshaped the sector into a near-duopoly dominated by Jio and Bharti. Average revenue per user plunged, burdening telecom operators with massive debts.
Stocks to watch: 9 growth stocks to bet on ahead of likely low interest cycle
With expectations of a reversal in the interest rate cycle in the future, investors with a long-term view can consider growth stocks. Growth stocks are those expected to witness a significant jump in their revenues and earnings and are trading at higher PE multiples relative to the general market. With a likely reversal of the interest rate cycle, these stocks may offer significant value to investors.
Investing in bank, NBFC, automobile, healthcare, FMCG, oil and gas, metal or IT stocks? Know how India Inc performs in Q3
According to data compiled from a Motilal Oswal report, over 33% of the incremental year-on-year growth in Nifty 500 index earnings during the quarter was contributed by Indian Oil, HDFC Bank, Tata Motors, GAIL, and Adani Power. On comparing reported earnings with the expected earnings, most companies in sectors such as energy, construction materials and metals & mining reported earnings higher than Refinitiv estimates. Analysts are bullish on Indian equity markets, citing a stable macro environment with moderated inflation, steady crude prices, easing 10-year G-sec yield and stable currency.
Top stocks to buy now: 5 stable stocks with up to 19% upside potential
Skewness and kurtosis capture the erratic behaviour of equity market returns and can prove effective in selecting stable stocks.
Aditya Birla Fashion to raise up to ₹800 crore for TCNS acquisition
"For funding, we probably need about ₹700 to 800 crore through external debt, which we will have to raise... The remaining ₹800 crore will be funded through internal accruals," Ashish Dikshit, managing director of ABFRL told ET. "Our balance sheet is strong enough to raise that."
Hot Stocks: Brokerages on BHEL, India Hotels and Tata Chemicals
Morgan Stanley maintains an 'overweight' rating on Indian Hotels with a target price of Rs 388. Kotak Institutional Equities retains its ‘buy’ call on Tata Chemicals with a target price of Rs 1,210.
Steel exports rise in March quarter, but lag year-ago levels
Exports of finished steel products rose to 1.98 million tonnes in the March quarter, up nearly 73% from 1.14 million tonnes in the December quarter, data from the Joint Plant Committee (JPC) showed. Exports were, however, at two-thirds of the level of the previous year. For the full year FY23, India's finished steel exports halved to 6.72 million tonnes compared to the previous year due to the impact of an export duty on steel. The duty was levied in May and then repealed in November.
Antique begins coverage of Metropolis, Dr Lal with sell calls
Antique said the profitability of these companies is under threat on account of the new competition. The brokerage expects return ratios such as return on capital employed (RoCE) to be under pressure at 20-25% for both companies as against the pre-pandemic level of over 33%
Some brokerages cut target price on Infosys
"Infosys has been outperforming peers over the past few quarters due to ramp-up of large deals, which has been missing in the past few quarters," said Antique Stock Broking. "We may see deal momentum coming back in FY23 and forecast Infosys' medium-term growth to be similar to TCS and expect the pay-out ratio to improve gradually," said Antique.
Late FII buying helps Nuvoco Vistas IPO sail through on final day
The fifth-largest cement manufacturer in India has already raised Rs 1,500 crore by allocating 30 per cent of shares being offered in the issue to institutional investors through an anchor allotment process.
Brokerages remain bullish on Tata Motors despite volumes headwind
Motilal Oswal has maintained a buy rating with a target price of Rs 400. Antique Stock Broking has maintained a buy rating with a target price of Rs 425.
MOIL rallies 10% as net profit soars 761% in Q4
The net profit of the manganese miner soared 761.47 per cent to Rs 116.04 crore in the quarter ended March 2021 as against Rs 13.47 crore during the previous quarter ended March 2020.
Grasim Inds Q4 preview: Sales may rise in single digit, margin may fall sequentially
The Aditya Birla group's margins are seen expanding year on year, but may fall sequentially. Analyst estimates vary on the company's profit figure.
Buy Kirloskar Pneumatic, target price Rs 360: Antique Stock Broking
Kirloskar Pneumatic Company Ltd., incorporated in the year 1974, is a Small Cap company (having a market cap of Rs 1004.75 Crore) operating in Electric/Electronics sector.
Buy State Bank of India, target price Rs 475: Antique Stock Broking
State Bank of India, incorporated in the year 1955, is a banking company (having a market cap of Rs 331638.56 Crore).
Buy RBL Bank, target price Rs 240: Antique Stock Broking
RBL Bank Ltd., incorporated in the year 1943, is a banking company (having a market cap of Rs 8503.23 Crore).
Buy NIIT Technologies, target price Rs 1,350: Antique Stock Broking
Antique expects the company to report industry-leading growth in the near- to medium-term despite significant exposure to the travel vertical.
Buy UPL, target price Rs 610: Antique Stock Broking
An update on debt will help to re-rate the stock from here on, said Antique.
Buy Hindalco Industries, target price Rs 153: Antique Stock Broking
Aluminium LME spot prices are seen recovering and leverage levels would remain comfortable post the Aleris acquisition.
Buy ICICI Bank, target price Rs 560: Antique Stock Broking
While headwinds for the sector are on the rise, steep correction presents a medium term opportunity to invest in a bank with strong liability franchise.
Buy CCL Products India, target price Rs 270: Antique Stock Broking
Current valuation of 10 times FY22 EPS is still a discount of 50 per cent to its long term average despite much better return ratios compared to past, said Antique.
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