Taking cognizance of the above factors, we expect Nifty to head for 23400 by June 2024 and meanwhile form a durable bottom in Feb-March period wherein 20500-20800 to act as strong support. Therefore volatility from hereon should be embraced as a buying opportunity
Sensex Options Traders suffered huge losses due to wild swings in the market post budget & systemic glitches. One lost Rs 83 Lakh & wiped out his entire FY gain in a single trade. Another reported loss of Rs 28 lakh. Experts advise traders to avoid trading Sensex & stick to the Nifty & Bank Nifty options
We maintain our BUY rating on the stock with an unchanged TP of Rs 300 as we see strong earnings growth prospects (EPS estimated to grow at 26% CAGR over FY23-FY26) and improving return ratios (ROE projected to improve from 13.9% in FY23 to 17.7% in FY26)
A Vote Stock Ideas -of-Account-Budget sets the Narrative of “Viksit Bharat” Our honourable Finance Minister Nirmala Sitaraman presented the Interim Budget 2024-25 today. Being the “vote of account” budget before the Union Election 2024, the expectations of the budget were naturally low. The finance minister delivered along the expected lines with an emphasis on the […]
At the current price, the company is trading at 51.6x/28.3x/22.1x of its FY24E/FY25E/FY26E earnings respectively. We maintained our buy rating on the stock with upgraded price target of Rs 994/- thus providing an upside potential of 24.2%.
Nifty Outlook: The index has been trading in a range post the gap down that was witnessed on 18th Jan. The sell-off was largely led by bearish FII activity in all the segments. As far as FII activity is concerned, FII’s have gone aggressively short in index futures at 87,351 – highest since 30th November […]
Lumax Auto Technologies Ltd (LATL) is a prominent member of the Lumax-DK Jain Group. Collaborating with eight international partners, LATL specializes in manufacturing advanced automotive products
We remain upbeat on DLFU’s growth prospects, driven by strong sectoral tailwinds (industrywide consolidation, record low inventory in its home market, and greater preference for branded luxury inventory), an extensive launch pipeline, and expansion of its annuity portfolio. A strong Balance Sheet with consistent cash flow lends further comfort. We upgrade our TP to INR 1,021 (INR 671 earlier) on a higher sales velocity and a strong launch pipeline. Maintain ‘BUY’
Rural B2C business remains a sore point with overall credit costs climbing 15bps YoY in Q3 to 1.7% AUM growth robust at 35% YoY to Rs 3tn+; we expect BAF to surpass Rs 5tn by FY26 Maintain BUY with new TP of Rs 10,105 (vs. Rs 9,605) on rolling valuations to FY26E […]
Timely capacity additions ensures strong growth… About the stock: JK Cement (JKC), one of the leading manufacturers of cement in India, has a total consolidated capacity of 24.4 million tonnes (mtpa), of which grey cement capacity is 22.2 mtpa and white cement (including wall putty) capacity is 2.2 mtpa. Company also has a 159 MW […]
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