Nifty Outlook & Derivatives Strategy by Chola Securities

Option chain data for this weekly/monthly expiry is indicating a trading range of 21,500-22,000 zones. On the call side, 22,000 is the strike with highest OI. Majority of call writing was witnessed at this level; indicating resistance. On the put side, 21,500 is the strike with highest OI. As per the data, net call-put writing is indicating significant addition of call writers; which is a bearish indicator. It is advisable to be cautious with longs. Further weakness can be expected as long as index is trading below 21,800 levels

ICICI Bank has sustained strong RoA. Buy for target price of Rs 1195 (19% upside): Nuvama

ICICIBC reported a steady set of earnings with a comfortable LCR and LDR. NIM contraction was lower than expectation, resulting in a beat on the operating front. We expect superior performance on most parameters to continue, given its strong digital push, focus on risk calibrated operating returns, and a strong Balance Sheet. We maintain ‘BUY’ with a TP of INR1,195, a 19% upside from its CMP

INDUSIND BANK is continuing its strong credit growth trajectory. Buy for target price of Rs 1952 (25% upside): BOB Caps

Stable performance  Strong business growth aided a 10% YoY rise in Q3 PPOP despite higher opex; PAT increased 17% to Rs 23bn  Reported NIM stayed stable QoQ at 4.3% as increased yield on advances offset rise in cost of deposits  TP revised to Rs 1,952 (vs. Rs 1,755) as we tweak estimates […]

Saurabh Mukherjea has added 4 small & mid-cap stocks to Little Champs Portfolio which are favourites of Dolly Khanna, Ashish Kacholia, Shyam Sekhar, Durgesh Shah & other investing luminaries

Saurabh Mukherjea has added 4 small-cap stocks to Little Champs Portfolio which are favourites of Dolly Khanna, Ashish Kacholia, Shyam Sekhar, Durgesh Shah & other investing luminaries. The Cos have dominant businesses, quality management & other virtues

MCX is making a new beginning. Buy for target price of Rs 3650: HDFC Securities

MCX has successfully executed one of the most complex technology transitions, and the new CDP is running smoothly, with volumes scaling new highs. We believe it’s a new beginning for MCX, with a focus on introducing new products, increasing participation and volume, and improving profitability. The options volume has increased by 4x YoY and is currently >INR 1,400bn

Happiest Minds has strong growth potential backed by robust deal wins and superior execution capabilities. BUY for target price of Rs 1100 (25% upside)

Given the company’s strong growth potential backed by robust deal wins and superior execution capabilities, we recommend a BUY rating on the stock

Avoid EPACK Durable Limited IPO as the valuation is steep: SBI Securities

EPACK Durable Limited is India’s second largest room air conditioner original design manufacturer (ODM) in terms of number of units (indoor units + outdoor units) manufactured in FY23 through the ODM route. Since 2003, the company evolved from a RAC brand OEM to an ODM partner, focusing on product development and innovation

Coal India has robust financials (high return rations, cash rich B/S) & High dividend yield of ~7%. Buy for target price of ₹500 (31% upside): ICICI Direct

Volume led profitable growth on the anvil … About stock: Coal India Ltd (CIL), is the largest coal producer domestically as well as globally. It is a ‘Maharatna’ PSU, operating under aegis of Ministry of Coal. • Operation spanning 83 mining areas across eight states, currently owing 322 mines including 138 underground, 171 opencast and […]

Buy Ethos for a price target of Rs 3,050/share, representing an upside of 27% from the CMP: Axis Securities

Given the investment thesis outlined above, we anticipate robust CAGR growth for Ethos in terms of Revenue (35%) and PAT (42%) over FY23-26E. This positive trajectory is expected to enhance the overall return profile for the company

Dolly Khanna, Prashant Jain, Sunil Singhania, Porinju Veliyath & Mukul Agrawal are bullish about J Kumar Infra

J Kumar Infra’s shareholders’ list reads like a who’s-who of Dalal Street’s investing luminaries. Sunil Singhania’s ABAKKUS GROWTH FUND-2, Prashant Jain’s 3P INDIA EQUITY FUND 1, Dolly Khanna, Mukul Agrawal, HDFC Mutual Fund and FII LETKO BROSSEAU EMERGING MARKETS EQUITY FUND hold big stakes in the Company