Motilal Oswal Financial Services recommends buying SBI Life Insurance, targeting Rs 2,100, up from Rs 1,636.45. Despite a 39% YoY net profit increase to Rs 529 crore in Q2, APE and VNB missed estimates by 11% and 14%. Investment in new products and digital channels is expected to drive growth.
Mahanagar Gas shares in focus as board approves merger with Unison Enviro (25-10-2024)
Mahanagar Gas shares are set to attract attention after the board approved a merger scheme with Unison Enviro and announced quarterly results. Unison Enviro, a wholly owned subsidiary of MGL, operates in the City Gas Distribution (CGD) sector and has a presence in Ratnagiri, Latur, Osmanabad in Maharashtra, and Chitradurga and Davangere in Karnataka.
Hitesh portfolio (25-10-2024)
We have had a decent correction from 26200 to current 24350 kind of levels, which is around 1800 points plus on the Nifty. Overall it looks healthy sort of correction because it has been the grinding kind of correction for most of the downtrend with ocassional bouts of panicky selling. These kind of corrections are good for future upmoves.
Although truth be told, I have no idea how low this can go. But as mentioned previously multiple times, corrections offer chances for course corrections at portfolio level. If you feel that there are some laggards in the portfolio, they can be replaced by companies with good prospects. This also happens to be results season so one can look at results, evaluate them and take a call.
If we have to panic, it has to be very early in the course of a correction, otherwise after a couple of weeks its often too late.
The silver lining to these kind of corrections is that after such corrections, some or other sector starts its sectoral upmove and we have to be on the lookout for which stocks are showing rebounds faster and stronger and cross key resistances on the way up. Those often tend to be the big winners in the next round of sectoral moves.
IndusInd Bank shares sink 15% after Q2 profit slumps 39% YoY. Should you buy, sell or hold? (25-10-2024)
IndusInd Bank Share Price: Jefferies, Nomura, Investec, Nuvama, and IIFL have downgraded their ratings on IndusInd Bank due to weaker asset quality, lower Net Interest Margins, and softer loan growth. Target prices have been reduced significantly, reflecting concerns over profitability and growth prospects.
Hot stocks: Brokerage view on IndusInd Bank, Dixon Technologies, Colgate, ITC and Piramal Pharma (25-10-2024)
Brokerage firm Jefferies has retained its buy recommendation for IndusInd Bank and Piramal Pharma, while JP Morgan holds a neutral stance on Colgate. Additionally, Investec and Goldman Sachs have also issued buy ratings for Dixon Technologies and ITC.
Fund Manager Talk | How Bajaj Finserv AMC’s Sorbh Gupta is tweaking portfolio for Samvat 2081 (25-10-2024)
Over the last three years, the drivers of domestic demand have been urban consumption and premiumisation. This is changing. From here on, domestic demand – will be driven by a recovery in rural demand and a pickup in mass consumption. A good monsoon and a bumper kharif harvest are expected to improve farm incomes. Furthermore, higher social spending by state governments is also helping the rural economy recover cyclically for the first time after COVID-19.
ETMarkets Smart Talk: Axis Bank, Zomato among top 8 picks for Samvat 2081, recommends Shrikant Chouhan (25-10-2024)
In the near term, the markets may remain volatile amid geo-political conflict, upcoming US Presidential elections and Q2FY25 result season.