STREET SMART BULLS
PSU Banks stocks: Stay bullish, hedge a bit to avoid narrative induced selling; top 7 PSU banks with upside potential of up to 36 %
While every sector has witnessed a re-rating in the last couple of years. The re-rating can be due to two reasons. whether headwinds have gone away because of government policy push and clean up or the sector has recovered due cyclical reasons. In the case of PSU banks,which have seen strong re-rating in the last one year, there is a mix of both reasons. The government cleaned up and strengthened the regulatory system. Also that overall economic growth has seen a sharp recovery which has helped in credit off take. Now comes the question that after this rally, should one sell, should one hold, should one increase the exposure. The answer lies in hedging for the banks you own and just avoid listening to noise which will remain high till election results are announced.
These largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20%
While it might be a bit early to say, but the way things have panned in the last couple of weeks, it is clear that bulls are not in any mood to leave the street. At the same time bears are also clear they will wait and on sidelines till election results. Two things one should remember at this point of intersection which rarely comes, that finally it is the business and the management which matters. Probably management of the large cap companies have that in abundance for two things, manage difficult times and by the end of the day grow. The only thing any investor needs to make sure is that in any corrective phase, bias when making fresh investment should be toward large cap stocks as there is a possibility that they would see less damage in corrections. 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.
ETMarkets Smart Talk: Why are FIIs turning net sellers in Indian markets? Aditya Sood decodes
Aditya Sood, Fund Manager at InCred Asset Management, analyzes the impact of NDA's performance, FPIs' net selling, and the attractiveness of MSCI China index on Indian markets. He highlights the crucial role of these factors in shaping investment decisions. Sood says: "Over the next decade, India will be a buy on dip market — all corrections should be used as buying opportunities to increase allocation to equities as an asset class."
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 20%, according to analysts
The way mid-cap stocks have performed in the last one week. The biggest question would be whether this is another short term profit booking move or a beginning of a long phase correction and valuation adjustment. The answer would depend on one thing, election results. The policy continuity will lead to continued re-rating of the mid-cap segment as operationally the working of mid-cap companies have seen maximum improvement in terms of cost of capital which is the biggest factor for a mid cap companies. During this phase, analysts are bullish on select stocks from different sectors, some of which are either the leaders of their sector or part of the top three companies which are known to be well managed. 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.
ETMarkets Smart Talk: Next 30 days can see a bit of increased volatility as politics takes centrestage: Devang Mehta
Devang Mehta discusses the positive macroeconomic outlook for India, the impact of global trends on the market, and the growth potential in sectors like energy, renewable energy, and EVs, emphasizing the importance of fundamental analysis in IPO decisions. Mehta also says the next 30 days can see a bit of increased volatility as politics take the centrestage and all eyes will be on the election trends and actual results.
Street smart bulls refuse to be cowed down amid turmoil in Middle East
India's stock indices rose post volatile trading due to traders covering bearish bets on Israel-Iran conflict hopes. Rupee strengthened on likely RBI dollar sales, while gold surged. NSE's Nifty closed higher.
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ETMarkets Smart Talk: Sensex@75K! BFSI, auto, healthcare looking attractive for FY25 asset allocation: Sahil Kapoor
Market expert Sahil Kapoor advises focusing on multi-asset allocation funds for high-risk tolerance investors in FY25. Uncertainty looms with SMIDs rally, election year volatility, and stretched valuations impacting market sentiment.
New record on Dalal Street! India market cap hits Rs 400 lakh crore for first time
Sensex and Nifty reach all-time highs, BSE market cap hits Rs 400 lakh crore. Retail investors drive growth, leading to unprecedented wealth creation. New listings and IPOs contribute to the gains in the ongoing bull run.
ETMarkets Smart Talk: FY25 Strategy! Deploy 80% of equity allocation through weekly STP over next 8-10 weeks: Kshitiz Mahajan
"Fixed income is expected to yield capital gains from rate cuts over the next 1-1.5 years, potentially offering double-digit pre-tax returns. Parking debt allocations in gilt/debt funds with a modified duration exceeding 7 years could be lucrative, providing both coupon and capital gains. This differs from fixed deposits, where gains are solely from interest income."
Unstoppable Bulls! Rally in private banks drive Sensex, Nifty to fresh milestones
Indian equity indices Nifty50 and Sensex hit a lifetime high led by financials and IT stocks. Top gainers include Kotak Bank, Bharti Airtel, Axis Bank, Sun Pharma, M&M, and HCL Tech. Investors await Powell's testimony and labor market data for rate cut clues.
ETMarkets Smart Talk: Golden opportunity! Broking, defence, green energy among 5 sectors that could create wealth in 3-5 years: Robin Arya
Robin Arya says: The consistent flow of monthly SIPs indicates a tremendous opportunity in the broking and wealth management space. Defence is another sector we see with the potential to change dynamics and deliver significant returns in the next 3-5 years. Volatility ensued post-budget, but Nifty managed to hold crucial support levels.
ETMarkets Smart Talk: 5 sectors that will turn wealth creators as India moves from $2,500 per capita GDP to $5,000: Sunny Agrawal
India's per capita GDP growth to $5,000 will drive growth across sectors. Sunrise sectors like renewables and nuclear will grow rapidly. EVs, December quarter earnings, and PSU/PSE stocks are expected to generate wealth. Risk factors include geopolitical tensions and recession. Good buy-on-dips opportunities in the energy sector and sectors like banks, auto, cement, power, and pharma.
ETMarkets Smart Talk: We see 4x-5x growth in mutual fund industry in next 10 years: Amar Deo Singh
Amar Deo Singh of Angel One says: "The investor base in the mutual fund industry has an enormous growth potential. Investors capitalize on market volatility and profit-taking. RBI is likely to cut rates in 1H 2024. SIP contributions have surpassed Rs 18000 cr. Retail is the new backbone for equity markets."
ETMarkets Smart Talk: 2024 outlook! Flexicap and largecap funds offer a balanced approach in current scenario: Rajesh Bhatia
"While the debate is around whether we are at the late stages of a valuation cycle and investor optimism, it is equally important to know that we are at an early stage of an economic cycle. So, while valuations can possibly correct, the earnings trajectory is expected to march on for the next few years and will provide a downside buffer to markets."
Faith Unabated! Over 100 stocks that retail bulls bet on for 3 quarters turned multibaggers
Interestingly, several public sector companies have found them in this list and these stocks have more than doubled retail investors’ money in the last 10 months.
ETMarkets Smart Talk: Why this fund manager is underweight on banking stocks
Aditya Sood, Fund Manager at InCred Asset Management,emphasizes the underweight position on lending financials due to struggling banks and pricing pressure. Sood discusses the continuing structural stories in India, particularly in manufacturing. Additionally, he notes the rise of SME IPOs and the driving factors behind the rally in railway stocks. Sood concludes with insights on small & midcap stocks, predicting their outperformance driven by earnings growth and return ratios.
ETMarkets Smart Talk: If BJP retains majority in general elections capital goods and infra themes could do well: Dipan Mehta
Dipan Mehta says capital goods and infrastructure sectors are expected to do well in the coming years, especially if the BJP retains the majority in the General elections. There has been an increase in SME IPOs compared to mainboard ones, but caution is advised due to the frothiness and lack of floating stock in SMEs. Railway stocks have performed well due to increased budgetary allocation. Small and midcap stocks have good quality businesses, but valuations are very rich.
EMarkets Smart Talk: Looking for wealth creation ideas? Sandeep Bagla lists 8 themes for future investing
Sectors like banking and financial services, railways, infrastructure, and defence are likely to continue being favored sectors. Select manufacturing companies could perform well due to PLI schemes and production base diversification. The themes for the next few years are manufacturing, renewables, digitisation, infrastructure, urbanization, premium consumption, financialization of savings, and the rise of equity savings cult.
Rs 3 lakh cr added! Sensex soars 700 points as bulls return after 3-day hiatus
Indian equity markets rebounded led by banking, energy, and IT stocks. BSE Sensex rose 700 points, Nifty crossed 21,650. Top gainers were Tech Mahindra, Wipro, NTPC, Infosys, Axis Bank, and HCL Tech. Nifty IT and Nifty Financial Services surged. Polycab India and Shoppers Stop shares declined. Results of Reliance Industries, HUL and Ultratech Cement are awaited.
ETMarkets Smart Talk | Stagger investment till March 2024; infra, PSU bank among 8 sectors to bet on: Rakesh Pujara
“The IPO index and SME sector look a little overstretched, and one needs to be very cautious in these two segments.”
ETMarkets Smart Talk: General elections, Budget among top 4 events to track in 2024: Sunny Agrawal
BFSI, Real Estate, Auto, Cement, Engineering/Cap Goods, Infra, Railways, Defence, Renewables, IT, Biofuels etc
ETMarkets Smart Talk: 2023 is ending with an almost Goldilocks scenario for India vs world: Mihir Vora
"I am bullish on both Indian equities and the Indian bond market. Pharmaceuticals and healthcare is a sector where we are incrementally turning bullish. Consumption, especially in the lower end has not picked up satisfactorily yet and stocks have underperformed due to this. If this picks up then there could be interesting plays in FMCG, auto (2-wheelers), etc."
Ahead of Market: 10 things that will decide D-Street action on Thursday
Sensex rallied 727 points and Nifty closed above the 20,000 mark for the first time since September 18 driven by buying in heavyweight HDFC Bank, Axis Bank ICICI and TCS on expectations of more foreign fund inflows.
Smart Rebound! Sensex jumps 600 points, tops 66,000 as bulls return to D-Street
Information technology (IT), which jumped 2.59% in the previous session, extended gains to add 0.75%, still helped by an improved rate outlook in the U.S. IT companies earn a significant share of their revenue from the U.S. Oil & Gas stocks gained 0.8%, after Brent crude prices fell to near $80 per barrel due to concerns of high supply and weak demand.
ETMarkets Smart Talk: The 3Cs and 4Fs theme will be in focus till Diwali 2024: Devang Mehta
"I think one has to realise that ebbs and corrections will be part of every structural bull run and investor’s lifecycle. To make money in the markets, you have to stay the course. Frequent trading and churning should be avoided. Investing is also called “Going Long”, therefore, one has to stay invested for the long term."
ETMarkets Smart Talk: Samvat 2080! Pharma, auto and banks will be in focus till next Diwali 2024: Srikanth Subramanian
"Time in the market is way more important than timing the market- that’s our investment philosophy. When you combine sentiments with Investments, you get losses- stick to your discipline and keep investing. In our opinion, short-term movements are just noises in the journey of wealth creation. Therefore, my advice will be to continue investing and not wait for falls. Waiting can lead you to miss some of the best days in terms of market returns."
ETMarkets Smart Talk: “Kuch correction acche hote hain”: Prashanth Tapse
"I believe that spotting a gem in a falling market is a myth, being a fundamental research analyst, I believe risk-and-return are part of investing and identifying gems or a multibagger in the stock market which requires research, a disciplinary approach, high patience, and a willingness to take calculated risks and holding it for long-term."
ETMarkets Smart Talk: Double digit earnings growth likely to power rally on D-St in next 2-3 years: Neeraj Chadawar
"Indian equities are expected to deliver double-digit returns in the next 2-3 years, driven by strong balance sheet strength and double-digit earnings growth. The Indian economy's growth prospects and improved health of the banking sector are also seen as positive factors for the equity market. However, factors such as US bond yields, the dollar index, crude oil prices, and upcoming elections could introduce volatility in the near term. Investors are advised to maintain liquidity and invest in high-quality companies."
ETMarkets Smart Talk: Reshma Banda on 4 factors that can derail the bull run in Indian market in next 12 months
"The long-term India growth story remains intact and from a macro perspective India remains better positioned as one of the fastest growing major economies over the coming years. However, returns in the immediate term could be moderate as the valuations of the India markets enjoy a significant premium to other emerging markets."
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