MARKET ESTIMATES
Can the bull run continue or should you be concerned? Ajay Khandelwal explains
Ajay Khandelwal says expecting between 5% and 7% earning growth in large-cap IT companies, but certain businesses in midcap IT will grow even more than 15% to 20%. At this point, we have allocation in our large and midcap and our multi-cap. But in terms of smallcap, we do not have IT allocation.
Stay invested, and buy more; there will be more legs to this rally: Varun Saboo
There can be a little bit of time correction, and then earnings growth will catch up. Varun Saboo of Anand Rathi Share is still positive on a defence theme or railways theme, etc, which was going around all the time. He does not see any change in the narrative which was there.
Should investors buy the dip in brokerage stocks? Deepak Shenoy answers
But there is a headwind there because SBI did a lot of unsecured lending as well. But therefore, of the public sector bank, Indian Bank looks better. We have a bunch of private banks in our portfolio. So, a little bias there.
Micron Tech beats revenue estimates on AI chip demand; shares fall after run-up
Benefiting from the high demand for memory chips, Micron Technology's revenue exceeded expectations in the third quarter. However, the company's forecast for the fourth quarter fell short of optimistic investor expectations, leading to a stock price decline. Micron's unique position in the semiconductor market is driven by the widespread usage of its high-bandwidth memory chips in advanced AI systems.
Gold prices hover near two-week low on firm dollar, yields
Gold prices reflect global economic uncertainties amidst discussions on interest rates by central banks, impacting market sentiments. The interplay between various economic indicators and policy decisions continues to shape the trajectory of gold as an investment choice.
Expect improvement in occupancy vis-a-vis the previous year from Q2: Patanjali G Keswani, Lemon Tree Hotels
While you can say that in spite of heat it was decent performance, I am looking at trend lines and I expect the catch up will happen really from Q2 when there will be improvements vis-a-vis the previous year in occupancy.
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Top Nifty50 stocks analysts suggest buying this week
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
India story strong but vulnerable to bit of profit taking in short term: Jonathan Schiessl
I think the underlying India story still looks very strong and so that yes, it is at the moment just the market is probably vulnerable to a bit of profit taking in the very short term.
Financials to drive market for next 2 months; consumer may overtake capital goods stocks near term: Rahul Shah
Rahul Shah says that in the short term, consumer stocks might overtake capital goods stocks for some time and the small and the mid-sized capital goods in a specific area would do much better. Further, FIIs flow will continue and financials, which we were also very positive on, will continue to drive the markets for the next couple of months.
ETMarkets Smart Talk: Progressive Budget, normal monsoons & strong inflows will further re-rate markets: Amnish Aggarwal
We expect the NDA government to sustain focus on capex-led growth around PLI, Roads, Ports, Aviation, Defence, Railways, and Green energy, given a 20 bps lower fiscal deficit in FY24 (Than RE), normal monsoons, and Rs 2.1 lakh crore dividend from RBI.
Accenture forecasts 2024 revenue growth above estimates
Accenture, a provider of IT services, forecasted annual revenue growth significantly exceeding expectations on Thursday. This optimistic outlook stems from increased adoption of artificial intelligence, which is compensating for subdued growth in enterprise spending.
Had you invested in Nifty in 1994-95, you would have done better than Warren Buffett in dollar terms: Ashishkumar Chauhan
Ashishkumar Chauhan says that in the last 12 years, since the SME market started, 970 companies raised around Rs 15,000 crore and today their market capitalisation is close to Rs 2.75 lakh crore. So, effectively, the small little guys are going to create great wealth because some of them will literally take off and if they remain disciplined from beginning because the market brings that discipline of transparency, they will actually grow faster.
Consumer staple stocks will continue to underperform: Ridham Desai
When markets start behaving like a fixed deposit, you get a little worried. Every morning you come, it is up 0.5%, that is not how stock markets are supposed to be. So, one day we will arrive and the market will be down 2%.
Pakistan missed GDP growth target; achieves 2.38 % against envisaged 3.5 % in FY 2023-24: Economic Survey
The growth remained below the estimated target of 3.5 per cent for the outgoing year and the government failed to achieve it, mainly due to underperformance of industries and services sectors.
Market size expected to reach 25 million units by 2030: B Thiagarajan, Blue Star
See, tier three, four, five have been contributing significantly. My estimate is that close to 65% for the industry comes from tier three, four, five. In our case, it is around 68% or so. The important thing is more than 90% are first-time buyers and Nilesh will be able to explain further, the consumer finance scheme led sales is touching around 55%.
RBI policy on expected lines, upgrading GDP growth estimate reposes confidence: Bankers
Bankers welcomed the Reserve Bank of India's decision to maintain interest rates, as it was in line with expectations, with an upward revision of the growth estimate. The move, including the unchanged repo rate, was seen as positive for the economy. The revised GDP growth forecast for FY25 instilled confidence in the central bank's outlook. Industry leaders praised the regulatory measures and highlighted the importance of collaboration for financial sector growth.
Stock disclosure rules for yellow peas tightened as importers refuse to sell
Importers of pulses in India have urged the central government to impose an import duty on yellow peas due to the adverse impact of inexpensive imports on domestic market prices. Expressing worry over importers withholding significant quantities of yellow peas imports in domestic markets, the central government recently intensified stock disclosure regulations for the pulses industry and trade. In addition to stakeholders submitting their stock positions, they are now required to report stock in and stock out quantities twice a week.
R Gandhi welcomes RBI's focus on banking safety and payment system soundness
RBI has been paying more attention on that in recent months, especially the disclosure, relating to the terms and conditions of the most important terms and conditions of the credit that is being offered by the credit institutions and there that is the first step which had already been taken.
Expect market to consolidate for some time: Vikas Khemani
So, I guess the frothy valuation stocks will come down, corrections will happen. Markets might consolidate for some time and to some extent it is healthy. Also, probably we will have a strong opposition so we will have to see what kind of reforms government is able to carry out in further.
RIL investors suffer Rs 1.27 lakh crore loss as stock ends 7.5% lower
Shares of RIL dropped 7.5% on BSE as NDA alliance's election results differed from exit polls, wiping off Rs 1.27 lakh crore from investors. RIL hit an all-time high of Rs 3,029 on June 3, with a market cap of Rs 20.44 lakh crore, now at Rs 18.9 lakh crore.
Hemang Jani's top stock bet from pharma sector
But nonetheless, I think even when it has not performed so much, I think if somebody has to put fresh money, I think it surely makes a lot of sense given the performance, valuation comfort, I do not see much of a challenge over there. And recently, the fact bond yields went down when you had that big dividend payout, I think there was a bit of an outperformance. So, I think you could look for some more outperformance at least over the next 6 to 12 months.
Can Vodafone Idea stock trade above Rs 20 in next one year? Hemang Jani answers
I think there is a growth in terms of volume, given the kind of appetite that people have for jewellery and also, we feel that you will see stable margins once there is a little bit of stability in the gold prices. So, valuations, I do not think is too much of an issue. It is all about how big the opportunities and how Titan can deliver growth. We have a positive view. I think it is a part of the core portfolio.
What should investors do with RIL and ITC? Amnish Aggarwal answers
Elections is a very important event and we are now just I think three trading days away from it. We had issued a note to our clients in which we had identified a few sectors and the scripts which would be doing well irrespective of the outcome of elections.
India will continue to be a 'buy on dips' market: N Jayakumar
My own assessment is that, especially even as investors, the local investors have now got a higher percentage of company holdings than foreigners. To my mind the big takeaway of the last five years. has been the pre-eminence of the Indian retail investor, unspoken, unsung, unknown investor through SIPs and through his investments and largely through mutual funds has remained an increasingly important constituent of the markets.
Top Nifty50 stocks analysts suggest buying this week
The latest Stock Reports Plus report dated May 26, 2024, highlighted stocks in the Nifty50 index with 'Strong Buy/Buy' recommendations. Analysts use IBES for actionable insights. Stock Reports Plus, powered by Refinitiv, evaluates 4,000+ listed stocks on five key components to generate scores.
India in one of the best wealth creation and earning growth cycle for next 8-10 years: Vikas Khemani
Of course, if an outcome where this current government is not able to form the government, then I think there will be serious questioning about the pace of the reforms and potential disruption of the growth, all those things, so I think that is the one thing that one has to very clearly keep in mind.
Stocks to buy: Bet on stocks with good entry points now; 5 stocks with up to 27% upside potential
Stocks to buy: Identifying recently corrected stocks with good fundamentals can be effective in the current market. Moving averages help distinguish between stocks in correction and those in a bear trend. Stocks that have seen a recent correction and are fundamentally sound can prove good investment bets.
Zee’s finances on the mend, still wait for bigger picture
Zee’s consolidated revenue grew by 10% year-on-year to Rs 2,170 crore in the March 2024 quarter. This was 8% higher than the street’s estimates. A large part of this growth was on account of 10% growth in the advertising revenue at Rs1,110 crore, beating the analysts’ estimates by 16%.
Bharti Airtel shares gain 2% despite missing Q4 estimates. Should you buy, sell or hold?
Bharti Airtel shares rose 2% to Rs 1,312.80 despite a 31% YoY profit decline to Rs 2,072 crore. Revenue grew 4% to Rs 37,599 crore. ARPU was Rs 209. Brokerages have a neutral stance on the stock. Motilal Oswal suggests a buy call.
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