Deepak Shenoy of Capital Mind discusses market tracking strategies during the earnings season, focusing on cautious positions and awaiting quarterly results. He highlights interest in sectors like electric vehicles and manufacturing. Shenoy mentions increasing stakes in select large caps and holding positions in interests like Mazagon Dock, despite market corrections and volatility.
Posts in category Economic Times
Longer-term, private banks look attractive; bullish on domestic pharma: Nitin Raheja (14-10-2024)
Nitin Raheja from Julius Baer Wealth Advisors believes private banks offer attractive valuations for long-term investments. The banking sector is seen as promising, despite regulatory challenges being priced in. The Nifty index, driven largely by financials, has room to grow. Mixed trends are observed in the festive sales, with potential for rural FMCG revival.
Stock to watch: Network18 shares in focus after company sees losses widen in Q2 (14-10-2024)
Shares of Network18 Media & Investments are expected to gain attention on Monday after the company reported a consolidated loss of Rs 221 crore for the September quarter, up from Rs 83 crore in the same period last year. The company also noted that TV advertising was low, impacting overall revenues.
Stock to watch: HCL Tech shares in focus ahead of Q2 results (14-10-2024)
HCL Tech Share Price: HCL Tech’s Q2 FY25 results are to be announced, with revenue growth expected between 7-9% YoY. Broking firms predict revenue figures between Rs 26,672 crore and Rs 28,710 crore. Net profit estimates range from Rs 3,832 crore to Rs 4,097 crore, showing 4.9% to 15% growth.
Stock to watch: RIL shares in focus ahead of Q2 results today (14-10-2024)
RIL Share Price: Reliance Industries will reveal its July-September 2024 quarterly results today, with expected declines in net profit by 10% year-on-year and net sales by 0.6%. The oil-to-chemicals segment is anticipated to underperform, while consumer businesses and Jio Platforms likely show resilience.
At multi-year highs: These 6 stocks witness 5-year swing high breakout (14-10-2024)
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.
Stock to watch: DMart shares in focus on 8% YoY jump in Q2 PAT (14-10-2024)
Dmart Share Price: Shares of Avenue Supermarts may remain in focus as DMart’s Q2FY25 earnings show an 8% year-on-year increase in standalone net profit to Rs 710.37 crore. However, profit fell over 12% compared to the previous quarter. Revenue rose 14% year-on-year. Consolidated profit rose 5.6% year-on-year. The company added six stores in Q2FY25.
Positive Breakout: These 4 stocks close cross above their 200 DMAs (14-10-2024)
The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock
F&O Ban List: SAIL, PNB among 9 stocks under trade ban on Monday (14-10-2024)
Nine stocks including Chambal Fertilizers, GNFC, and Hindustan Copper are under the F&O trade ban on Monday. Bandhan Bank, Birlasoft, and Tata Chemicals have exited the ban list. Stocks enter the ban when their open interest crosses 95% of the market-wide position limits and exit once it falls below 80%.
Q2 results today: RIL, HCL Tech among 14 companies to announce earnings on Monday (14-10-2024)
Reliance Industries Ltd is expected to report muted earnings for the second quarter, due to weakness in the oil-to-chemicals segment. Analysts anticipate a 10% decrease in net profit year-on-year and a marginal 0.6% decline in net sales. However, strong performance in consumer businesses and other segments may offset this decline.