AUTO STOCKS TO BUY
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 25%
While the recent up move in large caps has made them cover some of the differential which has developed in the valuations between mid and large stocks. If one looks at the long term average, there is still a scope of mean reversion. It might happen in both ways, mid-cap witnessing some profit booking and large caps doing relatively well in the corrective phase of the markets. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
Sensex, Nifty end with minor losses amid selling pressure in banks, auto stocks
The 30-stock S&P BSE Sensex ended the day at 79,441.45, dropping 35 points or 0.04% while the broader Nifty closed at 24,123.85, settling 18.10 points or 0.07% lower. Of the 16 sectoral indices on the NSE, 11 closed in the red while the remaining 5 ended in the green.
TRADERS’ CORNER: Auto ancillary focussed on EV trying to jump 5% and mid cap software stocks for 7% rise
The markets had a trending start to the fresh week; after a muted start, the Nifty went on to close near its high point of the day. Following a flat start, the Nifty 50 index formed the low point of the day in the early minutes of the session. After that, the Index kept inching higher throughout the session. Although the markets did come off slightly from their high point, they were able to protect the bulk of their gains. The headline index closed with a net gain of 131.35 points (0.55%)
Amnish Aggarwal on 2 top cement large-cap stocks to bet on; best buy in auto
“Mahindra & Mahindra continues to be an exception where the volume growth continues to be good, both in UVs as well as if you look at the tractors, tractors after last year's decline are turning to be positive, although the valuations are rich, if a double-digit volume growth in the PV business continues, M&M can still do well from the current levels.”
Nifty bulls await directional move, auto stocks in focus
Auto stocks were in focus amid the release of June month sales numbers. Shares of Samvardhana Motherson, Hero Moto, Bharat Forge, Maruti Suzuki, and Bajaj Auto rallied over 1% each. Within the Nifty50 pack, JSW Steel, and Bharti Airtel rallied over 1%, while NTPC, Power Grid, and Apollo Hospitals fell up to 2%.
Like auto & pharma themes? These 2 stocks are your best bet: Rahul Shah
Post their numbers and the management guidance of single-digit growth in the current year, we have seen a decent fall in Sun Pharma. Overall the stock continues to remain strong in the specialty and the overall businesses. The risk versus reward and the valuation remains quite convincing in Sun, says Rahul Shah
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187 BSE500 stocks offer double digit returns as markets scaled new heights in June
The India Cements was the top gainer in this pack with nearly 44% return, followed by Amara Raja Energy (41%), JK Paper (40.5%), and V Mart Retail (40.5%).
Weekly Top Picks: These mid and small cap stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
Auto stocks: Time for some cool down and also an opportunity? 6 auto stocks with upside potential of upto 28%
It is the sector which has led the rally which the market has witnessed in the last 14 months and rightly so. If one looks at the history, the rallies which are led by the transportation and auto sector are more durable as sales of LCV and certain other auto segments is an indication of the economic situation on the ground. But there is another fact, which is that with a mad rush for stocks a number of them have seen sharp run with valuations moving upward sharply. There is no doubt that the Indian auto sector is going through a transformation and Indian companies are adjusting to it very well. So there is a situation, while the fundamentals are good and improving, valuations have seen a run up. So, there is a likelihood that we might see some cooling off, but that would bring an opportunity for investors who have missed the bus.
Looking at 4 buckets in auto thematic fund; avoiding auto financiers: Tanmaya Desai, SBI MF
Fund manager Tanmaya Desai says that SBI MF is not looking at the auto financiers or the logistics companies. But at the same time, the fund does permit him to evaluate up to 20% in some of those stocks which can be a corollary to the auto opportunity in general.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 23%
Of the last seven trading sessions, in three trading sessions, nifty which opened with a gap or came under pressure after opening has been able to recover and ended the day in positive territory. It is a kind of rotational support coming in from different stocks and sectors. There are banks one day and then they take a back seat and industrials come to support. Is the distribution taking place or is it a kind of consolidation which is taking place and a strong directional move would emerge after the budget that needs to be seen. But in all the cases there is greater chances that it is large cap stocks which will remain in limelight. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.
FIIs have sold Rs 1 lakh crore worth of stocks from these 5 sectors in H1 of CY24
Foreign investors show interest in India post-US roadshow, anticipating Modi 3.0 policies clarity. Positive outlook on GDP growth and potential US Fed rate cut impact driving FII optimism for the future market trends.
TRADERS’ CORNER: Two AA, one AMC stock and auto ancillary stock breaking barriers for 6% short term momentum trade
Select momentum stocks are getting back with mojo
Nifty charts projecting 25,200 by December, says ICICI Securities. Top 94 stock picks
ICICI Securities' technical analysis forecasts Nifty reaching 25,200 by December 2024, supported strongly at 22,200. Midcaps and smallcaps indices are in a structural uptrend, expected to gain over 16% by year-end.
European shares start week on bright footing on autos, banks' boost
European shares rose on Monday, led by automobile and bank stocks, ahead of the first round of French parliamentary elections. Autos surged 1.6% after the EU and China agreed to discuss tariffs on Chinese EVs. Meanwhile, German business morale declined in June, reflecting concerns about the economy's momentum.
Weekly Top Picks: These mid and small cap stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
MapMyIndia shares rally 37% in 2 days. Here's why Goldman recommended this stock
CE Info Systems shares surged 37% on BSE in response to a 'buy' rating from Goldman Sachs, targeting Rs 2,800.
Uno Minda shares jump 12% as Goldman Sachs sees upside potential of 20%
Uno Minda, a midcap auto stock, surged 12% to reach its all-time high of Rs 1,180. This rally was triggered by a report from global brokerage firm Goldman Sachs, which raised its target price for the stock to Rs 1,350 while maintaining a 'buy' recommendation.
Stock Radar: 100% rally in a year! This auto stock gives a breakout from 10-week consolidation; time to buy?
Bajaj Auto, part of the auto space, doubled investors’ wealth in the last year, hitting a record high in June 2024. Analysts suggest further upside potential with technical indicators supporting the bullish trend.
Tech picks: Orient Electric, Ircon among 7 stocks to buy for robust returns in short term
Equity markets have been marred by volatility throughout the past week with Nifty and Sensex correcting around 2%. In the upcoming week, all roads will lead to a big election verdict on June 4 and the market direction in the near term will be dictated by how many seats the Modi government will likely secure. In this setup, here are 7 stocks that you can consider buying for robust returns in short term.
Not so well known stakeholders of EV ecosystem: 8 stocks that don't come instinctively, 3 with an upside potential of more than 18%
We also have a whole list, but we have separated the eight companies, just because these companies are not the names which one would instinctively think about and probably they may have more to go as they form this index.
M&M shares surge 3% as BofA upgrades it to Buy, sees 22% upside
BofA Securities believes that the company has multiple growth catalysts that will play out over the next 12-18 months. M&M's core business remains steady with market share gains in the SUV segment and a potential turnaround in the tractor biz.
Samvardhana Motherson's stock target rise up to Rs 180. Should you buy, sell or hold?
Brokerages raised target prices for auto components maker Samvardhana Motherson International to Rs 180 as it reported a two-fold jump in net profit to Rs 1,444 crore for Q4FY24. Shares traded 1% higher on BSE at Rs 148.
Nasdaq closes above 17,000; S&P 500 slightly higher, Dow down
Nasdaq crossed 17,000 for the first time boosted by Nvidia, while S&P 500 closed higher and Dow lower as Treasury yields rose.
Sensex rises 253 points on auto and metal gains, defying foreign outflows
M&M was the top gainer, rising 6% as its overall March quarter numbers led to target price hikes and upgrades. JSW Steel, UltraTech Cement, Kotak Bank, ITC, and Maruti also closed higher. The market capitalisation of all listed companies on BSE surged Rs 2.86 lakh crore to Rs 410.21 lakh crore.
Traders' Corner: Auto parts player steps on the gas for 8% ride; aluminium miner eyes 5% gain for positional trade
Nifty kept pushing the pedal from start and did not give up. It managed to end with a gain.
SBI, Godrej Consumer top buys post Q4 results; could give 13-17% upside in 1 year
SBI and Godrej Consumer are top buys post Q4 results, led by BFSI and Auto sectors. Nifty stocks show growth, while Tier-1 IT companies face challenges. Business and credit growth outlook positive for SBI.
A play on restructuring and higher growth: These auto stocks can deliver more than 18% return
In the last four days of strong volatile moves, one sector which has been able to keep its head above the water is the Auto sector. Is it because of results which are expected to be good or it is rotational trade which is taking place, is the question. Whatever might be the reason, after remaining under pressure for one or the other reason, the auto sector has been witnessing a transformation, right from restructuring to a slew of launches, coming from companies. There is a high probability that this trend of restructuring is likely to continue. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Wagon maker and auto ancillary stock power up to give 7-8% gains
After opening flat, the Nifty hit a high in early trade. It then kept slipping to end in a loss.
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