RUPAK DE STOCK IDEAS
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 24%, according to analysts
For every one bull there is a half bear and that is probably enough to spoil the mood on the street. The “risk on trade” which was once again getting started probably will get hit for some time at least because of the fact that the circular by NSE on what stocks and mutual funds will be accepted as collateral or not will have short term impact on the liquidity matrix of the system. Keep an eye on liquidity and the market breadth in the next few weeks as that will determine what happens to mid-cap stocks in the medium term. 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". This predefined screener is only available to ET Prime users.
Be selective to beat this & other phases of unexpected volatility: 5 largecap stocks from different sectors with upside potential of up to 26%
One NSE circular and there is volatility across the market, before reacting to volatile moves, it is better to understand that when it comes to volatility, there are three things which one needs to take into consideration. First the magnitude of volatility. Second, the frequency of volatile movement and third which are the sectors leading it and overall market breadth during a volatile phase. There is a high probability that we might see more of it in the coming weeks. So, it would be better to stay prepared for volatility. One of the ways for that would be to stay with large caps and that too where there is strong reason. For example, a tyre manufacture, which ventured into global markets, its margins took a hit due to capex and now its expansion is paying off, or a tech major which accepted that it had faulted and now is on path of course correction.
Breakout above Rs 25 can spark crazy rally in Vodafone Idea shares: Rupak De
Bank Nifty ended with a marginal gain at the end of a volatile week. The volatility was led by movements in HDFC Bank, which has a dinosaur weightage in the Bank Nifty. The index managed to close above the critical short-term moving average and above the short-term breakout point, indicating a positive setup.
Ready for a round of sustained re-rating? 7 logistic stocks with an upside potential of upto 48 %
Recently, JSW Infra announced its acquisition of Navkar Corp. On the face of it there is nothing special about it as merger and acquisition is a very normal activity which keeps happening. But the fact that it happened in sectors like logistics, where for large companies organic growth is the norm , involves a company which has a proven track of achieving a scale and the timing of its takeover. When one combines these three, this is probably indicating that the logistics sector which has faced many headwinds till a few years back, might be close to reaching a level where the bigger players are re-rated. A sector where headwinds are becoming lesser and tailwinds are getting stronger. Probably this would be a better way to take exposure to the growth of the Indian economy.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 24%
If anyone had any doubt that both indices and broader markets are not in control of bulls, all those doubts were cleared on Friday. For the majority of the day, nifty was trading in red, thanks to the banking stocks and largely the HDFC Bank. But within minutes, Nifty changed its color to green and market breadth, which was already positive, gained momentum. So, while being bullish, stay alert and just make an attempt so that common mistakes of bullish markets are avoided. We look at stocks which have witnessed a continuous rise in their score in the last one month. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 23%, according to analysts
The “risk on trade” which took a pause for a while is back on the street. Will the budget and change in the direction of the global interest rate cycle add further fuel to the rally is a big question. Keep an eye on liquidity and the market breadth in the next few weeks as that will determine what happens to mid-cap stocks in the medium term. 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". This predefined screener is only available to ET Prime users.
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Faith by consumers & re-rating by street: 4 jewellery stocks with an upside potential of up to 27%
One thing which every government has tried to control, but has not been successful in taming, generation and absorption of black money in the whole bullion market supply chain which includes the jewellery industry. Right from a token tax on gold buying to track transactions to many other efforts the list is endless. While it might take time, the way the regulatory mechanism is evolving, over a period of time, there is a high probability that there would be more measures which would come into place which will lead to lesser use of cash in this industry. As that happens, two trends are likely to emerge, first there would be a shift toward branded jewellery chains. Second, the street would have faith on the balance sheet of other players besides the largest player which is a well known multibagger.
Politically correct stocks: Government push on increasing rural income may act as tailwind for these 4 stocks
While the government’s decision to push for policies which help in increasing rural incomes has been in place for some time. But given the fact that any change in the rural income matrix is a time consuming process, there can be a mismatch of expectations and times. There is a high probability that in the coming years there could be more policy push to increase rural incomes. Yes, the reason could be that the government wants to get its political capital back. Whatever might be the reason, the stakeholders of the systems are likely to be benefited. Now traditionally we think it is agriculture which will be the focus, but there is more to the rural economy, beside agriculture. We take a look at 4 companies where fortunes are tied to agriculture and other parts of the rural income.
RVNL, Suzlon among top 3 stock ideas of the week from Rupak De
Nifty has been favouring non-directional trades for the last few days. But the FII long-short ratio suggests that the FII short percentage in index futures has come down from 87% at the start of the series to 43% in the previous session. This trend hints at a significant short unwinding, says Rupak De.
Small caps: Hard work before buying & patience after buying: 5 stocks from different sectors with an upside potential of up to 47 %
As the major event risk is behind it, there is a high probability that except the regular profit booking moves which will keep coming due to one or the other reason, markets are likely to stay under the control of bulls. So there is a high probability that soon we are going to see a phase which we saw in the last quarter of 2023, where there was a mad rush to buy small caps. So before that situation arrives and decision making is more controlled by sentiment than sense, it would be better that one should set the ground rules for buying small caps, so that when the corrective phase and the narrative for the short term changes, there is no fear and panic leading. Another reason why it is important to touch upon this issue at this point of time, is the fact that when it comes to small cap stock there is an interesting equation between desire and challenge. Desire keeps moving up and down but the challenge of finding the right stocks is always present.
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 25%, according to analysts
At this point of time, emerging markets are witnessing out flows, but given the fact that there are enough indications that globally a risk on trade is not far given the assumption that the US Fed is likely to change its stand and interest rates are likely to move southward. This “risk on trade” got halted in the Indian market for the first three months of 2024, briefly resumed in April but then again suffered a setback in May. If one goes on by the market breadth, there are indications that it might be getting started once again. Keep an eye on liquidity and the market breadth in the next few sessions as that will determine what happens to mid-cap stocks in the medium term. If the market breadth and nifty stays positive then it is very likely that we might see more strength in mid-caps. 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". This predefined screener is only available to ET Prime users.
As election dust settles, making a come back along with bulls: 4 largecap stocks from different sectors with upside potential of up to 21 %
As the bulls move from state of control to absolute control of the street, there are a couple of things which one needs to remember. One of the things which they throw out of the window is the “sense of risk”. It is this risk which needs to be given due importance in such time because even in raging bulls markets, there are periods of correction which come unannounced. We are not saying that a correction will come any time soon given the fact that the US Fed is clearly indicating that the interest rate will come down. But given the fact that valuations are still high, it would be better that one should be more cautiously bullish and more selective when putting in fresh money into stocks.
Fresh tailwinds of export markets: 5 stocks from engineering sector, 4 with upside potential of up to 30%
They say that tough times bring the best out of some. In case of India Inc, there are many examples where the economic slowdown post 2008 global financial crisis, made companies deal with all kinds of troubles and after various permutations and combinations they were able to find solutions, first to survive and then grow. In the case of engineering companies where the role overlapped to some extent with capital goods, it was the export market which turned out to be the solution. Because it is not easy to venture into the export market as there are large global players who ensure that it is not easy to get into their turf. For some companies it was a long drawn process which is now delivering results and leading to a situation where the return on capital and effort employed is much better today.
A confident NDA can propel Nifty towards 26,300: Rupak De of LKP Securities
In the midst of a tumultuous political scenario, the market may find reason to correct back to recent lows or even lower in the medium to long term. Conversely, a confident NDA could propel the Nifty towards 26300 and beyond in the medium to long term.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 41%
The street has got what it was looking for, exit polls predicting a win of NDA which essentially continues the policy making framework which has been in place for the last ten years and has been working well for the economy. There is another thing which will happen, there are going to be some areas which will get more focus in the coming days. So, next we might see some sectors and stocks doing extremely well, while others may continue to be laggards. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
FII and retail positioning ahead of election results look scary, warns Rupak De of LKP Securities
"A favorable outcome for BJP is likely to take the index on a wild ride towards 23,500. However, at this juncture, 24,000 appears slightly unlikely, at least in the 4-5 trading sessions."
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20%
The way markets have panned out in the last few sessions, it appears that bulls are waiting for a confirmation on 4th of June and then they will take over control of the street. But because valuations are high, one has to be cautious, while being bullish. Also as a thumb rule, one should remember that corrections and consolidation are part of every bull market. We will continue to see them at regular levels. 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.
Weekly Top Picks: These 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.
Will Nifty Bank hit 50,000 next week? Rupak De of LKP Securities reads the charts
“Nifty witnessed a clean breakout above its prolonged consolidation on the daily timeframe, suggesting a surge of renewed optimism,” says the senior technical analyst
Paytm shares remain sell-on-rise after 2-day rally: Rupak De
"This high India VIX indicates widespread market fear among traders who have been awaiting the general election results scheduled to be announced on June 4. Historical data of India VIX suggests that the rise may not be over at the current level, implying further corrections might occur in the market. However, a one-sided fall from the current level is less expected."
ICICI Bank, DLF among top 3 stocks to buy next week: Rupak De, Senior Technical Analyst at LKP Securities
Market volatility persists amid global concerns, but stock-specific opportunities exist. Technical analysis suggests bullish reversals for ICICI Bank, Samvardhana Motherson, and DLF. Focus on potential winners like Just Dial for further upside amid ongoing challenges in various sectors.
Axis Bank among my top 3 ideas for the week: Rupak De, LKP Securities
Nifty and Sensex soar to new highs in the financial year 2023-24, with retail investors outperforming institutional ones. Rupak De predicts increased trading activity this week due to F&O contracts expiry and shares top stock ideas. De also says if Nifty fails to sustain above 21,950-22,000, the index might enter a consolidation phase.
PNB among top 3 trading ideas for the week ahead from Rupak De of LKP Securities
Rupak De, Senior Technical Analyst at LKP Securities, recommends PNB, Chambal Fertilisers, and Havells as top stock picks for the week ahead. Nifty levels to watch out for are 22,500 and 22,400 with support expected to hold at 22,400. Bank Nifty is expected to outperform the Nifty with potential upward moves towards 49000.
NBCC shares jump 47% in 1 week. Rupak De says stock headed towards Rs 200
Confirmation of a bullish trend resumption would only occur with a decisive breakout above the double top, which is currently identified around 22,125. Conversely, a break below the support level at 21,500 could indicate a bearish momentum.
Buy the dips in rail stocks, rally not over yet: Rupak De, LKP Securities
The Nifty chart for monthly expiry is likely to consolidate within the bands of 21500 and 21700, with support at 21,300. A breakout on either side would confirm a directional move, with a move above 21700 inducing an up move. The negative correlation between Nifty Bank and Nifty IT is expected to continue as HDFC Bank stock selloff has been contained. Rail stocks like IRFC and RVNL continue to gain momentum, making them attractive for trading. Top ideas for the week include buying RITES, BPCL, and OIL stocks.
How to trade on the first day of 2024? Rupak De shares notes from his playbook
As the FII might not return to the market on the very first day of the New Year, the market may remain sideways to slightly negative. “A drop below 21,650 might be the first signal for long unwinding.
Nifty call writers have built maximum positions at 21,000 strike price: Rupak De
“Going forward, 21000 is likely to act as a crucial level for the Nifty as call writers have built their maximum positions at that strike price. A resumption of the current uptrend might be seen above 21000, with the potential to reach 21550.”
Buy PSU insurance stocks on dips after stellar rally, Rupak De of LKP Securities recommends
“Following RBI's tightening measures, the Bank Nifty has consolidated at lower levels, with four of the five largest banks dropping below their 200-DMA. The sentiment appears sideways in the short term. The level of 44,000 is poised to remain a pivotal point; a decisive move above this mark could potentially trigger a substantial rally for the index.”
DLF among top 3 trading ideas from Rupak De for next week
‘Nifty ended the week with a modest gain despite selling in the banking sector. Overall, the sentiment is expected to stay positive as long as it maintains above the critical support level of 19,500 as put writers are likely to offer support at this level.’
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