HUDCO STOCK TARGET
Nirmal Bang initiates coverage on HUDCO, sees upside potential of 12%
Nirmal Bang starts coverage on HUDCO with a target price of Rs 375. Company projected to achieve 24.1% earnings growth CAGR by FY26E.
F&O stocks to buy today: Dixon, BEL among top 10 trading ideas for 4 July 2024
Exciting market movements anticipated as Nifty future and India VIX show positive trends. Options data indicating a wide trading range. Nifty forms a bullish candle, supported by Chandan Taparia's analysis. Expert insights from Technical & Derivative Research suggest positive market sentiment. Focus on F&O basket with recommendations from Kunal Bothra and Nooresh Merani. Diverse stock picks offer trading opportunities. Insights on cash market from Axis Securities complemented by analysis from ETNow. Expert opinions provide valuable guidance for traders. Daily frame analysis by Rajesh Palviya and Market Expert recommendations offer strategic trading insights for investors.
Consistent winners! 9 stocks gain at least 25% in last four quarters, turn multibaggers
Indian equities soar to all-time highs with Nifty breaking above 24,000 levels, supported by the private banking sector. Sectors like IT and healthcare offer growth opportunities, making a stock-specific approach advisable amidst the current market conditions.
F&O stocks to buy today: ICICI Bank, Biocon among top 6 trading ideas for 27 June 2024
Experts suggest buying opportunities in stocks like Indus Tower, ICICI Bank, Grasim Industries, and Kotak Mahindra Bank for short-term traders, as per recommendations on ETNow.
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.
Amfi stock classification: Multibagger midcaps NHPC, BHEL, 5 others likely to turn largecaps
Existing largecaps likeICICI Prudential Life Insurance Company, ICICI Lombard General Insurance Company, Polycab India, SRF, Marico, SBI Cards & Payment Services and Berger Paints are likely to lose their tags.
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F&O stocks to buy today: Dixon, Hudco among top 3 trading ideas for 3 June 2024
The Indian stock market is expected to start the week on a positive note, buoyed by positive global and domestic cues. On Friday, the Nifty future closed with gains, indicating a positive sentiment in the market despite some volatility. The India VIX, a measure of market volatility, saw a slight increase, causing some discomfort among investors.
First among equals: 5 PSU stocks which have benefited the most due to government policy push, spending & may continue their journey
Right from perennial under-performers like oil marketing and refining companies to PSU banks. Literally every stock which has the tag of “PSU” stock has seen a re-rating in the last two years. Now that the exit polls are predicting what the street has been looking for, that is continuity in the policy making framework, there is a high probability that there will be another round of re-rating of PSU stocks. So, continued policy and continued re-rating. Like the earlier re-rating, this time also, some sectors and stocks in the PSU space will outperform others. A company which is going to be providing finance for the expansion of the solar energy network which is the next focus area of the government. The overall demand runway for some of the sectors is longer. This essentially means that while every PSU is likely to see a push, there are a select few which are likely to see more tailwinds of business growth and valuation expansion.
Stock Radar: This financial services stock gave multibagger returns of over 300% in 1 year; what should investors do now?
HUDCO, a financial institution, has surged over 300% in the past year, with chart patterns indicating potential for further growth. Short-term traders are advised to buy the stock for a target price of Rs 295 based on expert recommendations. The stock hit a record high of Rs 277 on May 23, 2024 and is trading well above crucial moving averages.
Market Trading Guide: TCS, HUDCO among 5 stock recommendations for Friday
Falling for the fifth day in a row, benchmark equity indices Sensex and Nifty tumbled nearly 1% each on Thursday due to heavy sell-off in metal, consumer durables and select IT shares amid the monthly expiry of derivatives contracts. The 30-share BSE Sensex plunged 617.30 points to settle at 73,885.60. In the five days of fall, the barometer tanked 1,532 points or 2%. The NSE Nifty dropped by 216.05 points or 0.95% to close at 22,488.65. The index has lost 479 points in the five sessions to Thursday. "The Nifty has remained volatile during the session with predominant bearishness. The sentiment for the short term remains weak as the index slipped below the critical 21-day Exponential Moving Average (21EMA). Call writing activity was significant at 22,500. Therefore, to witness a meaningful recovery, Nifty needs to sustain above 22,500. However, failure to move above 22,500 might attract fresh selling in the market, potentially driving the index towards 22,300/22,100," said Rupak De of LKP Securities. Here are 5 stock recommendations for Friday:
Market Trading Guide: HUDCO, Biocon among 8 top stock recommendations for Thursday
Benchmark equity indices Sensex and Nifty declined nearly 1% on Wednesday, continuing their losing streak for the fourth day running amid profit-taking by cautious investors ahead of the results of the Lok Sabha polls and weak global trends. The 30-share BSE Sensex declined 667.55 points to settle at 74,502.90. The NSE Nifty dropped 183.45 points to 22,704.70 amid high volatility. "Bulls need Nifty to hold above 22,500 for a chance to rebound towards 231,00 and 23,500, with key support at 22489 and resistance at 22921," said Prashanth Tapse, Senior VP (Research) at Mehta Equities.
Candidates of strong directional move on 4th June: 5 PSU stocks which have benefited the most due to government policy push and spending
In the last two years, it is a well known fact that every PSU stock has been re-rated by the street, right from perennial under-performers like oil marketing and refining oil companies to PSU banks. But if one looks a bit deeper there are some which have been re-rated more than others. The reason, these are PSUs which are from the sectors where the government has clearly decided are its priority areas and there has been a policy push for these sectors. A company which is going to be providing finance for the expansion of the solar energy network which is the next focus of the government. The overall demand runway for these sectors is longer which means overall growth will be higher when confirmation of policy continuity comes. Also they are in business where it would be difficult for the private sector to compete. Now because it is the policy push which matters, the continuity of tailwinds of higher government spending, will push them for another round of re-rating on the result day.
Hudco Q4 Results:Net profit rises 9% YoY to Rs 700 crore
The company's total income for the quarter was 18% higher at Rs 2,194 crore against Rs 1,862 crore. Its board recommended a final dividend of Rs 2.65 per equity share on the face value of Rs10 each for the financial year 2023-24.
3 stocks Rajesh Palviya is bullish on for next week
But overall stock-specific action is clearly there in the market. The sectors which have already shown the breakout in the recent past are continuously showing the buying interest.
HUDCO among top 3 stock ideas for the week: Kunal Shah
The current market sentiment reflects strong bullish momentum, with aggressive buying seen on dips, indicating dominant buyer activity.
Union Budget 2024: Housing finance stocks jump up to 18% led by HUDCO. Here’s why
In the last Budget speech of the Modi 2.0 government, the FM said the scheme will help deserving sections of the middle class, who are currently living in rented houses or slums or chawls and unauthorised colonies, to buy or build their own houses. The top gainer in the pack was HUDCO, whose shares jumped 18% to hit a 52-week high of Rs 204.40 on the NSE. Repco Home Finance surged up to 14% and also hit a 52-week high of Rs 463.25.
Technical Breakout Stocks: How to trade Cochin Shipyard, Capri Global and Hudco on Thursday
The S&P BSE Sensex plunged over 1600 points while the Nifty50 closed at 21,571, down 460 points on Wednesday. Sectorally, selling was seen in banks, metals, telecom, and realty stocks while the IT space saw some buying.
Big movers on D-Street: What should investors do with Zomato, Hudco and Canara Bank?
Stocks that were in focus included names like Zomato, which fell 3.03%, Hudco, which jumped 12.19%, and Canara Bank, whose shares gained 1.7% on Thursday.
Breakout Stocks: How to trade HUDCO, Sonata and Swan Energy on Friday
Nifty Midcap and Smallcap indices also registered fresh all-time highs. Advancing shares outnumbered the declining shares for the second day in a row as the advance decline ratio stood at 1.21 levels on BSE
Market Trading Guide: SAIL, Ujjivan Small Finance Bank among 6 stock recommendations for Friday
Target Price: Rs 64 Stop Loss: Rs 53 After losing 18% off the multi-year higher zone, the stock rebounded sharply on higher volumes; sustenance above levels of 56 is likely to push stock prices towards uncharted territory. (Amit Trivedi, Technical Analyst - Institutional Equities, YES Securities)
Sustaining above 19,500 can take Nifty higher: Analysts
Analysts recommend stocks such as Reliance Industries, Kotak Bank, TCS, NTPC, Tata Steel, Havells, ACC, PNB, Maruti Suzuki, Sun Pharma, Hudco, KPR Mills, and BEL for trading opportunities.
Buy Housing and Urban Development Corporation, target price Rs 77: Motilal Oswal Financial Services
Housing and Urban Development Corporation, incorporated in the year 1970, is a Mid Cap company (having a market cap of Rs 14743.99 Crore) operating in NBFC sector.
Stocks to buy today: HDFC Bank, Escorts among top 8 trading ideas by experts for 21 August 2023
On the weekly options front, the maximum Call OI is placed at 19400 and then towards 19500 strikes while the maximum Put OI is placed at 19300 and then towards 19200 strikes.
Buy Housing and Urban Development Corporation, target price Rs 85: ICICI Direct
Promoters held 81.81 per cent stake in the company as of 30-Jun-2023, while FIIs owned 0.32 per cent, DIIs 7.17 per cent.
Breakout Stocks: How Gland Pharma, Caplin Point and HUDCO are looking on charts for Wednesday’s trade
Stocks that were in action included names like Gland Pharma, which was up 20%, Caplin Point Laboratories, which gained 11%, and HUDCO, which was up more than 6% to hit a fresh 52-week high on Tuesday.
Stock Radar: 20% rally in a month! Should you book profits or accumulate this financial services stock?
Shares for Housing & Urban Development Corporation have risen by around 20% in a month, hitting a new 52-week high in June, and experts suggest prices may continue on an upward trend. Some predict the stock price could reach Rs 70 in the next three to four months. The company's price has broken out of a Cup and Handle pattern on the weekly charts and witnessed a bullish MACD crossover, which has created a "strong buy signal."
Stock Radar: 30% in a month! HUDCO records breakout from Flag pattern; time to book profits?
The breakout from a bullish flag pattern on the daily charts of Housing & Urban Development Corporation (HUDCO) has opened room for the stock to head above Rs 60 levels, which is also its recent 52-week high. Short-term traders can look to buy the stock now or on dips towards Rs 56.
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