SPACE STOCKS RALLY
Bajaj Finance can become best pick in financial space amongst largecaps in one or two quarters: Digant Haria
Whatever growth will pick up will probably happen on the infra corporate side. HDFC is not known to be very strong on those sides. So, I do not see that growth and the margin problems will get solved in the immediate quarter and the stock has had a good run up along with the market. So, I think people should celebrate and you have to wait for a few more quarters before the results actually fire up.
After a broad-based rally, it's time to be stock-specific: Anshul Saigal
The market rally calls for a stock-specific approach with caution due to high valuations, says Anshul Saigal of Saigal Capital. FMCG companies focusing on rural markets may present opportunities. IPOs are viewed with skepticism, suggesting a wait-and-see approach. Exercise caution in a market environment where substandard companies seek to raise capital.
These two stocks can act as Rahul Dravid of your portfolio: Gautam Shah
So, I like the power PSUs, but I am not a big fan of the defence and the railway PSUs anymore. And we have seen this post June 4th that PSU as a basket has not been moving with the market on a daily basis.
Nifty can hit 25,000 in medium-term; just stick to quality names: Gautam Shah
And I do believe from a near term perspective, Reliance is headed towards 3,300, 3,350 and if you are taking a slightly medium-term view, 3,600 is intact.
2 top stock recommendations from Aditya Arora
Mahanagar Gas did give good rally in last two days. But if we look on the very short-term timeframe, then 1700 is the resistance mark for the stock. 1680 to 1700 is the supply zone. Until that is not taken out, excess supply is not absorbed, stock would face hurdle and hiccups in giving a one-way rally.
PVR INOX shares rally 6% after addition of new screens in Hyderabad
PVR INOX unveiled a new cinema at Gachibowli, providing a premium movie experience at Prism Mall with 4K projection and Dolby ATMOS sound.
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These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 32%, according to analysts
The majority of play in the options segment for the election results fear and greed and hope has been played in the weekly option settlement. Whatever little has been left would be over today as the June series expiry gets over. This is relevant because once this technical volatility is done and dusted the true picture would emerge for many segments of the market including the midcap segment. If one looks at their recent performance in the last few days of volatility, it is clear that there is not much selling pressure. If one goes on by the market breadth, there are indications that bulls might be back in control. 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 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.
Expect one more rally in PSU, railways, defence stocks before Budget: Ajay Bagga
But few of the sectoral leaders can be looked at as well as what is happening right now is that smaller players are being bid up in anticipation that the biggies will be gobbling up the smaller players to meet their capacity expansion buildouts that they have announced.
Real estate growth strongest in greater Mumbai region, says Mahantesh Sabarad
The Mumbai real estate sector, particularly in the greater MMR region like Thane, has thrived in the past two years, outpacing traditional growth markets. Companies like Raymond, Oberoi Realty, and Godrej, with investments in this area, are poised for strong performance amidst upcoming metro projects.
Stock Radar: 20% rally in 3 months! City Union Bank hits fresh 52-week high in June; time to buy or book profits?
City Union Bank (CUB) has surged over 20% in 3 months, supported by technical indicators like RSI and MACD. Analyst Shilpa Rout sees a short-covering rally potential above 170 levels with 150 as a key support.
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.
Ixigo's stock rally continues; retro tax relief likely for egaming cos
Shares of Ixigo continued to surge a day after the travel platform’s IPO. This and more on today’s ETtech Top 5.
PSU banks still remain top bet in financial space: Rahul Shah
I think the mood is very positive. Obviously, as you rightly said, a lot of people missed out last Tuesday when we saw the sell-off in the markets and obviously, so I think luckily most of them are still holding on to their positions and not sold it and they are just riding it.
Stock Radar: 100% rally in a year! This auto stock gives a breakout from 10-week consolidation; time to buy?
Bajaj Auto, part of the auto space, doubled investors’ wealth in the last year, hitting a record high in June 2024. Analysts suggest further upside potential with technical indicators supporting the bullish trend.
HUL shares rally over 16% in 2 days amid defensive buying; Jefferies sees upside potential of 10%
HUL surges 16% over 2 days due to defensive stock reallocation and Jefferies' upgrade. FMCG index outperforms amidst market volatility. Axis Securities recommends HUL and Nestle for 12-18 months amid uncertain political outlook and preference for quality, low-volatility stocks.
Impact of election results on stock market: Are Modi stocks the best bet?
Stocks related to Prime Minister Modi's policies, known as 'Modi stocks', are gaining attention. These include PSU stocks and those of private companies in sectors like infrastructure, defense, and manufacturing.
Banks should still do quite well in long term: Prashant Jain
I think the markets have moved beyond that phase where they used to differentiate between PSUs and private. So, I think businesses are now getting discounted or they are trading as per the underlying fundamentals which I think is very good. So, I think while we still talk in terms of PSUs, non-PSUs, but markets are not differentiating between public and private enterprises anymore.
Stock Radar: Canara Bank a safe bet to beat election result volatility; scrip hits fresh 52-week high in June: Shilpa Rout
A decisive close above 120 levels is likely to open room for the stock to hit fresh 52-week highs up to 135-140 levels in the next few weeks, suggest experts. The stock has remained flat in the last three months but witnessed strong price action on Monday in intraday trade. The stock closed at Rs 118 on May 31, 2024.
2 top stock recommendations from Aditya Agarwala
I think that the euphoria will continue throughout the day and maybe if the results are in line with what we see on the exit polls, the euphoria might continue tomorrow as well. So, today and tomorrow you can see a continuation of this rally that we are seeing in trade today.
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.
What are Modi stocks and should you buy them before election results? Here's the full list
Given the sheer impact that the govt's policies have had on several sectors, investors have begun to categorise stocks that are direct policy plays into a new basket called Modi stocks. These stocks are related to capex and infrastructure-linked sectors, PSUs, or stocks of some corporate houses.
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.
Will the pace of the rally in PSU sector cool down? Sandip Sabharwal answers
My base case is that the current government will continue. So, if that doesn't happen, which I believe is a remote possibility, then I think the post-election strategy has to be very different.
Stock Radar: Granules stock rallies 50% in 1 year! Takes support above Rising Wedge formation
The stock rose from Rs 276 as of May 26, 2023, to Rs 434 on May 26, 2024. The pharma stock hit a record high of Rs 480 on 26th February but the momentum fizzled. It witnessed a steady decline, which took the stock below 50-DMA on the daily charts. After remaining range-bound for the past few months, the stock took support above the broadening Rising Wedge formation in May and bounced back.
Stock Radar: Timken India breaks out from consolidation phase; could hit 5,000 levels
Timken India shares have been stuck in a range since November 2022 where Rs 3,700-3,800 acted as a stiff resistance, while on the downside, levels above Rs 2,500 acted as support on the weekly charts. Short to medium-term traders can look to buy the stock on dips for a possible target of Rs 5,000-5,100 in the next few months, suggest experts.
Stock Radar: 50% rally in 6 months! This railway stock could hit fresh record highs soon; time to buy?
The stock has breached a 4-month consolidation and this has made room for it to head towards 1,200 levels. If the momentum continues, the stock could hit fresh record highs. The railway stock rose from Rs 696 as of November 28, 2023, to Rs 1,101 on May 27, 2024, which translates into an upside of 58%.
2 top stock picks from Arpit Beriwal for near term
If we see, as index has been quite dull, but stock specific action is quite good. So, we have chosen one from the capital space and one from the auto space. So, if we see L&T, capital space has been the outperformer, within that L&T has been our preferred pick.
Stock Radar: Nearly 300% returns in 1 year! Rally intact in this shipbuilding stock which gave multibagger returns
Mazagon Dock Shipbuilders Ltd provided significant returns in the last year, with a recent breakout indicating potential for further growth in stock prices.
Stock Radar: 70% rally in 1 year! This oil & gas stock making higher highs on monthly charts; what should investors do?
Tracking the momentum, BPCL shares hit a record high of Rs 687 on February 16, 2024, but it failed to hold the momentum. The oil & gas stock witnessed a price-wise correction but is showing signs of bottoming out.
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