INDUSTRY VIEWS
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.”
Chakri Lokapriya on stocks to pick in cement, banking sectors
UltraTech is very well positioned. It is still the market leader. Adani on the other hand with ACC and Ambuja, is far more acquisitive. They can move on deals much faster. So, in terms of where will growth come faster from, it will be ACC and Ambuja, says Chakri Lokapriya.
Hot Stocks: Brokerage view on Nuvama Wealth,Man Industries, Automotive ER&D, SRF and Bandhan Bank
InCred has a reduce rating for ER&D stocks Tata Tech and Tata Elxsi. Yes Securities suggests buying in Tech Mahindra, Indus Towers and Granules.
We are in a very mature bull market which is still not very expensive: Gautam Shah
Gautam Shah says “chartically, we are very, very well placed. There is still a lot of concern whether we are going to top out or not and markets never top out on concern or fear. He does not think there is still greed in the system and so there is still a long way to go. One should stay committed without overanalysing or trying to make in and out moments daily.
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.
Be cautious in power stocks; take some money off PSU banks: Nischal Maheshwari
There has been over-exuberance in the power sector. Whether it is the equipment, the supplying company, whether it is the generation guys, all have done well in the last year. So, Centrum Broking's Nischal Maheshwari recommends caution on the whole sector per se and says one should be very stock-specific.
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Hot Stocks: Brokerage view on Bharti Hexacom, Go Digit, PI Industries and Dr Reddy’s
Top brokerages like Jefferies, Equirus, Morgan Stanley provide ratings and targets for Dr Reddy's Labs, PI Industries, Go Digit, Bharti Hexacom. Recommendations include underperform, long, equal weight ratings with detailed insights on growth, acquisitions, and market positioning.
Hot Stocks: Brokerage view on Stylam, Apollo Hospitals, ICICI Bank and Adani Wilmar
Investec's diversified coverage includes insights on Adani Wilmar, ICICI Bank, Apollo Hospitals, Stylam Industries, and Ratnaveer Precision Engineering, providing a comprehensive view of the market opportunities and risks.
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.
Tech View: Nifty chart shows bearish candle formation. What traders should do on Monday
Nifty struggled to hold above the day’s opening range, indicating bullish sentiments going sore on the Summer Solstice Day, observed experts.
Is it a case of ‘no bad news is good news’ for IT companies now? Rahul Jain answers
Rahul Jain of Dolat Capital says that the guidance for the current fiscal has been very weak in the case of the IT companies that give explicit numbers, be it Infosys or HCL Tech. And if they do not surprise positively during the earnings season, all the momentum can gradually fizzle out.
View: India's pharma giants set sights on superior quality standards
India, known as the 'pharmacy of the world,' ranks third in global drug production and supplies vaccines to over 200 countries. With a target to reach $120-130 billion by 2030, maintaining high quality is crucial. Focus areas include robust investigations, skilled workforce development, and embedding quality in product development. India faces increased scrutiny from global regulators, necessitating adherence to stringent quality standards. Recent moves by CDSCO aim to streamline drug export licensing. Upholding quality is key for India's pharmaceutical industry to remain a reliable global supplier.
Budget 2024: FinMin invites industry views on tax rates, laws for reducing litigation
Finance Ministry seeks input from trade bodies on tax reforms for 2024-25 Budget, including suggestions on duty structure, tax base expansion, and compliance reduction. The ministry aims to phase out tax incentives and rationalize rates while inviting proposals by June 17 ahead of the budget presentation in Parliament in July.
Ahead of Market: 10 things that will decide stock action on Monday
Nifty50 and Sensex, the benchmark equity indices, reached record highs on Friday, reclaiming losses incurred on election day. The surge was attributed to expectations of political stability and forecasts indicating accelerated economic growth.
Ahead of Market: 10 things that will decide D-Street action on Friday
The NSE Nifty 50 index ended 0.89% higher at 22,821 points and the S&P BSE Sensex rose 0.93% to 75,074, adding to their gains of more than 3% on Wednesday.
Ahead of Market: 10 things that will decide D-Street action on Thursday
Benchmark key indices gained over 3% each on Wednesday. The Nifty Bank saw its best percentage gain since February 1, 2021. HDFC Bank, SBI, L&T were among the most active stocks on NSE in value terms. The market breadth favoured bulls with 2,597 stocks ending in the green, while 1,221 names settling with cuts.
Ahead of Market: 10 things that will decide D-Street action on Wednesday
Indian benchmark indices slipped around 6% each on Tuesday, a day after the blue-chip indices surged to record highs on Monday as exit polls had projected a much bigger margin of victory. MACD showed bullish trade on the counters of Solar Industries, Sobha, Phoenix Mills, and Container Corporation of India. Shares of India Cement, Zee Entertainment Enterprises, Bandhan Bank, Dalmia Bharat hit their 52-week lows.
Hot Stocks: Brokerages on Balkrishna Industries, M&M, HAL and L&T
Brokerage firms like Jefferies, ICICI Securities, and Citigroup are positive on industrial space with L&T, HAL, Balkrishna Industries, and M&M as top picks.
Ahead of Market: 10 things that will decide D-Street action on Tuesday
D-Street settled at record closing high on Monday, led by financials, index heavyweight Reliance Industries and energy stocks. The volatility indicator ended 15% lower as exit polls predicted that PM Narendra Modi will retain power with a landslide victory. Momentum indicator Moving Average Convergence Divergence showed bullish trade on the counters of Amines & Plasticizers, Advait Infratech, and AMIC Forging, among others.
Ahead of Market: 10 things that will decide D-St action on Monday
Nifty formed a long-legged Doji candle on the daily charts to breach a 5-day losing streak as it ended 42 points higher at 22,531. The 50-DMA is placed at around the 22,400 level, and a slip below this level could shift the test to the 22,300-22,260 zone.
Amid the heatwave, a Re 1 water brand is out to upend branding with social impact
A husband-wife duo takes an unusual approach to advertising their product to ensure they can sell affordable drinking water.
Hot Stocks: Brokerage view on HDFC Bank, Apollo Hospitals & Zomato; BofA upgraded M&M
Brokerage firm Macquarie maintained an underperform rating on Zomato and Apollo Hospitals. BofA Securities recommended a buy on HDFC Bank and upgraded M&M to a buy.
Ahead of Market: 10 things that will decide D-Street action on Friday
Nifty ended Thursday with a decline of 216 points, driven by strong selling pressure across most sectors. The 50-stock index fell for the fifth consecutive session and is now trading below the crucial 21-day Exponential Moving Average (21EMA).
Q2, Q3 and Q4 will be better for MAN Industries: Ramesh Chandra Mansukhani
Ramesh Chandra Mansukhani, Chairman of MAN Industries, outlines ambitious growth plans for FY25 and FY26, including expansion in Saudi Arabia and the development of high-margin hydrogen pipes. The company's focus on exports and value-added products is set to propel its revenue and profit growth. He says, India will be a very promising market in coming days.
Ahead of Market: 10 things that will decide D-Street action on Thursday
The Nifty experienced a decline of 183 points, closing near the 22,700 level, and formed a "dark cloud cover" candlestick pattern, a bearish signal. The Indian market saw its worst session in nearly three weeks on Wednesday, dragged down by losses in heavyweight financials and IT stocks.
Ahead of Market: 10 things that will decide stock action on Wednesday
After gyrating between gains and losses during the day, the 30-share BSE Sensex ended 0.29% lower at 75,170.45. Nifty formed a bearish candle on the daily scale. The index is trading above its key moving average supports and the RSI on the daily chart is positive.
Ahead of Market: 10 things that will decide D-Street action on Tuesday
Nifty on Monday ended 25 points lower to form a minor bearish candle on the daily chart. The up move was not supported by the momentum as on the hourly time frame there is a negative crossover, analysts said.
Hot Stocks: Brokerage view on Exide, Divi’s Laboratories, Ashok Leyland & Sun TV
Top brokerages have issued bullish recommendations for select stocks. CLSA has maintained an outperform rating on Sun TV, raising the target to Rs 720. InCred has upgraded Divi’s Laboratories to Add. Meanwhile, JPMorgan maintains an overweight rating on Exide Industries, with a target price of Rs 520.
View: Fund pool, more AIFs than buts
In 2015, when investment in AIFs was made permissible under the automatic route, rules on indirect foreign investment were also recalibrated. Downstream investments by companies were categorised based on the origin of invested capital. However, for AIFs, emphasis was placed on control over deployment of the capital, rather than the capital origin, indicating a nuanced regulatory approach to foreign investments under the extant framework.
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