Posts in category Economic Times
Hot Stocks: Brokerages view on Adani Ports, Apollo Tyres; HSBC downgrades Colgate (16-05-2024)
Brokerage firm Jefferies maintained an underperform rating on Dixon Technologies, Nomura upgraded Apollo Tyres to neutral, Jefferies recommend buy on Adani Ports and HSBC downgraded Colgate to hold.
Dipan Mehta gives a hard pass to specialty chemicals; will bet on agrochem stocks (16-05-2024)
Dipan Mehta discusses the cautious outlook on chemicals, interest in agrochemical plays, auto sector trends, high PE ratios in capital goods, potential investments post-election, mixed earnings season results, and concerns about overvalued EMS companies. Mehta also says: "If the government comes back with a stable majority, then the best stocks to buy would be the defence stocks, PSUs. It could be PSU banks or the PSU engineering companies."
Sensex jumps 350 points, Nifty tops 22,300 as US inflation data spurs rate cut hopes (16-05-2024)
Indian benchmark indices, BSE Sensex and Nifty50, rose on positive global cues after US consumer inflation data. Nifty IT index surged 1.6%, led by Mphasis, Tech Mahindra, and Infosys. Nifty Pharma lagged, while Jindal Stainless fell 10% on softer steel prices. Markets expect two rate cuts in 2024, based on CMEGroup's FedWatch tool.
Buy Apollo Tyres, target price Rs 550: Motilal Oswal (16-05-2024)
Apollo Tyres Ltd. key Products/Revenue Segments include Tyres, Tubes & Flaps, Other Operating Revenue and Scrap for the year ending 31-Mar-2023.
What is the best way to play the election uncertainty? Pashupati Advani answers (16-05-2024)
Pashupati Advani discusses telecom sector, Bharti Airtel, Indus Towers, challenges faced by private banks, HDFC Bank, election uncertainty, and insights on IPOs and the primary market. Advani says: "If one was being prudent, I would actually say take money off the table in the market and wait for the actual election result. "
Bullish Momentum: 4 stocks with White Marubozu Pattern on May 15 (16-05-2024)
Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it indicates strong buying pressure throughout the session.
Buy Bharti Airtel, target price Rs 1640: Motilal Oswal (16-05-2024)
Bharti Airtel Ltd. key Products/Revenue Segments include Service Revenue and Sale of Products for the year ending 31-Mar-2022.
Buy Biocon, target price Rs 370: Anand Rathi (16-05-2024)
Biocon Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 37404.69 Crore) operating in Pharmaceuticals sector.
Waiting with cash in hand; will invest once election results are out on June 4: Aveek Mitra (16-05-2024)
Aveek Mitra of Aveksat Financial Advisory strategizes for post-election investments, considering policy changes, Budget implications, and real estate opportunities in the MMR region for long-term growth. Mitra says: "We have built up different scenarios with most likeliest scenarios to the not likeliest scenario and based on that we will immediately try to see that what best we can do with the cash after the 4th June result."
Accumulate BEML, target price Rs 4004: Prabhudas Lilladher (16-05-2024)
BEML Ltd. key Products/Revenue Segments include Earth Moving Equipments, Railway Items, Spare Parts & Others, Defence Items, Sale of services, Other Operating Revenue, Scrap, Wind Energy, Export Incentives for the year ending 31-Mar-2023.