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2 top stock recommendations from Soni Patnaik
Now that it has touched, we are seeing some profit booking coming in, so that profit booking can take Nifty towards 24,000 level which is a very crucial support for July series.
Tech View: Nifty Put unwinding suggests correction ahead. Here’s how to trade on Thursday
Nifty on Wednesday formed a bearish engulfing pattern on the daily chart as the index ended 109 points lower but sustained above the immediate support of 10-day EMA around 24,180 levels ahead of the Thursday weekly expiry.
Stock Radar: This high-flying aerospace stock witnesses range breakout; time to buy or book profits?
Over the past year, HAL shares have surged 197%, rising from Rs 1,867 on July 5, 2023, to Rs 5,552 on July 5, 2024. Post reaching a high of Rs 5,585 on June 19, 2024, the stock experienced a slight pullback but continued its upward trajectory. It found support above the 5-day moving average, and a buy signal was triggered by the Supertrend indicator on June 18, 2024, suggesting sustained momentum.
Is it time to book profits in railway stocks? Vishal Malkan answers
All the technical indicators are firing, so that means there is a big breakout and we can look for further upside of around 475 to 480 in the next few trading sessions.
Which pockets will see profits decelerate, remain flattish, or go up in Q1? Pankaj Tibrewal answers
Stock market analyst discusses the outlook on defence stocks and suggests focusing on durables, value retailers, and staple companies for potential growth in consumption over the next 12-18 months. Pankaj Tibrewal says over longer periods, the basics of investing will help navigate any challenges in the market. In the long term, he is positive but will wait for better entry points, and from a bottom-up perspective many of the stocks are in the frothy expensive zone.
Tech View: Nifty breaks 4-day winning streak. Here’s how to trade next week
Nifty ended Friday’s session with a loss of 34 points and broke the four-day winning streak by forming a small-bodied red candle.
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Post Nifty@24000, is it time for profit-booking? Sunil Subramaniam answers
The widening gap in valuations between the mid-cap as well as the small cap pack and the largecap pack means that this is a wonderful opportunity to rotate it and bring down the average one-year forward PE of the portfolio by buying good quality, solid, robust largecaps, says Sunil Subramaniam.
Should you book your profits or stay invested as market may conquer new peaks? Nilesh Shah answers
Nilesh Shah from Kotak AMC says Indian investors are optimistic about the market but not irrational. He further emphasizes the importance of creating financial security for every Indian through capital market participation to generate real returns, addressing the low percentage of savings in above inflation return products in Indian markets.
Dalal Street Week Ahead: Guard profits at higher levels, rotate investments in fatigued market
D-Street showed marginal gains in a shortened trading week. However, signs of fatigue and potential correction are emerging. Key resistance levels are identified, and experts recommend caution and profit booking at higher levels.
Hyundai IPO will be a great investment vehicle for long-term investors: Sachin Shah
But the real big story today in India, not only for two-wheelers but for across products and categories is the game of premiumisation. The young aspirational India is very much looking to upgrade themselves to premium products.
Defence and fertilizer stocks decline up to 8% amid profit booking
In the recent few trading sessions, both sectors witnessed a rally as the defence sector was backed by factors like new order wins, positive growth outlook and stability of the PM Narendra Modi-led NDA government.
Management team largely in place to take Bandhan Bank forward after Chandra Shekhar Ghosh retires, says CFO
Bandhan Bank CFO says the NPA portfolio has been reduced from almost Rs 8,700 crore to about Rs 4,700 crore. That particular clean-up exercise took place in March which took care of a large part of the book that was prior to the year FY2022 and earlier and brought gross NPA levels down to almost 3.8%. We still have further journey to climb on that particular front.
Rajesh Kothari on top three themes to bet on for solid returns
Next three years that gap is not going to be big. In fact, the private sector banks actually can do better than public sector banks in terms of the overall earnings growth because the bulk of that benefit of credit cost is already behind us.
2 top stock recommendations from Rahul Sharma
I think it is more of a traders market where stock specific bets do well. Today, we are seeing very good movement happening in metals and mining. Yesterday, it was banks. So, selectively sector rotation is happening within the market and we feel that unless and until the Nifty index gives a broad breakout or breakdown on the daily charts, it is best to stick to stock specific action.
Anshul Saigal identifies 5 sectors with significant profit potential
I think that financials, again, the PSU banking space, they are still trading at under one time book. Even old private sector banks are trading at one time and lower book, they are trading at five-ten times price to earnings. And if the private sector capex is to pick up, then it is this space which will be the bigger beneficiary of that trend than not and as a result for the growth that they will show at five-ten times price to earnings, they are quite reasonably positioned.
Impact of RBI's embargo will be seen Q1 FY25 also: Kapish Jain, IIFL Finance
While other businesses are operating fine, this business, how it runs down is something that we will see by the end of the quarter to anticipate what is going to see on the P&L.
What should investors do with defence stocks? Mayuresh Joshi answers
However, I think for markets with India perspective we are very-very light right now, we still like to see over the next couple of days of what transpires on the political front and therefore the initiatives that will be taken over the next few days and specifically in the budget in terms of allocations are going to be extremely critical.
FPIs dump auto, FMCG and power stocks in second half of May
In late May, foreign investors drove a surge in automobile sector sales, offloading shares worth ₹3,323 crore, while also divesting ₹13,350 crore across multiple sectors. The NSDL data highlights a stark shift from earlier in the month, with inflows of ₹1,119 crore in April and ₹29,389 crore in CY 2023, underscoring a dynamic market landscape.
Is it time to book profits in 'Modi stocks'? Sandip Sabharwal answers
If you have been always wanting to sell something and you could not get the opportunity, that is always the case, you should always do that. But I think it is foolish to unnecessarily increase cash in the assumption that you will want to buy cheaper at this point of time because if the strength of the mandate is as strong as what it reflects, then I think there will be continuity, there will be strong economic growth over the next few years.
2 stock recommendations from Santosh Meena
Even if the BJP comes with a majority, there will be a risk of some profit booking if we look at the 2019 outcome. So, ahead of the actual outcome, the market rallied after the exit poll, but on the day of actual results, the market witnessed profit booking from the higher levels so that could be the case, says Santosh Meena, HoR, Swastika Investmart.
Wider trading range for Nifty likely to be between 22,200 to 22,800: Chandan Taparia
As of now, the next support for index goes at 50-day exponential moving average and that comes near slightly below to 22,500 zone and then major support goes at 22,222 which was the earlier important level which supported the market to get the breakout.
Book profit in Modi stocks; go for 3 themes that will outperform now: Sanjiv Bhasin
CLSA has labeled certain stocks as 'Modi stocks' which have performed well recently. Sanjiv Bhasin from IIFL Securities suggests booking profits in these stocks, especially PSUs. He recommends focusing on FMCG, private banks, and specialty chemicals for better performance. He also says if one is interested in pharma stocks, it is better to buy a pharma fund.
Suzlon looking at a much stronger balance sheet at the end of FY25: CFO
Himanshu Mody, CFO of Suzlon Group, highlights their unique Make in India turbine, tailored for India's weather conditions based on Atmanirbhar Bharat principles. Mody said: "In our manufacturing business, the country will add about 5 gigawatts in FY25 and we have close to a 27% to 30% market share historically. Our endeavour will be to continue with that market share. "
Not booking any profits now; more money coming in which have to be put to work: Mark Mobius
Mark Mobius says not booking any profits because they have more money coming in and they have to put it to work. ans that is not a problem because the markets are very deep now and we can see lots of opportunity, not only in India, but in other parts of the world.
Nifty Outlook: Expert predicts consolidation, suggests profit booking & sectoral rotation
Financial expert Osho Krishan discusses the current state of the Nifty index and provides insights into market movements and sectoral trends. He says the Nifty is experiencing a rising channel pattern and suggests that investors consider booking profits around the 23,080 to 23,160 levels. Krishan also emphasizes the importance of trailing stop losses and utilizing dips to accumulate long positions. He predicted sectoral rotation, with IT stocks gaining traction.
Indiabulls Housing Finance Q4 Results: Profit rises 23% YoY to Rs 320 crore
The mortgage lender's operating profit jumped 34% to Rs 722 crore, driven by a 31% increase in net interest income to Rs 964 crore. The company's board proposed a final dividend of Rs 2 per share, representing a 100% payout on the Rs 2 face value for FY 2023-24.
Should we book some profits or stay invested in PSU stocks? Bhavin Shah answers
Bhavin Shah discusses challenges in PSU banks due to strong growth pricing. Market verdict post-elections is uncertain. Focus on policy action and fundamentals driving market growth. Individual banks and tactical trade decisions are crucial. Profits, sectors, and bottom-up opportunities are key considerations. PSU basket, capital expenditure, and railways are under scrutiny.
Expecting double digit disbursement and loan book growth this year: Tribhuwan Adhikari, LIC Housing Finance
I would expect this year that we would be showing a good disbursement growth in the double digits, as well as the loan book growth of double digit.
Waiting to buy the dip? Wait for further decline: Sunil Subramaniam
Subramaniam suggests buying quality stocks during market dips caused by FII volatility. He highlights the importance of managing portfolio volatility, with opportunities in largecaps for short-term gains and small/midcaps for longer-term growth.
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