“The fact bond yields went down when you had that big dividend payout, I think there was a bit of an outperformance. So, I think you could look for some more outperformance at least over the next 6 to 12 months,” says Hemang Jani, Independent Market Expert.But the interesting bit is despite the fact that … Read more
“There might be some psychological or emotional reaction in a shorter term, saying government would not be able to carry out this reform, that reform, but I do not think structurally speaking anything would change,” says Vikas Khemani, Carnelian Asset Management.The main plank of this government’s politics or one would say this entire canvassing has … Read more
“The markets have run up significantly. We are trading at all-time highs and a lot of the positives of the election seem to have got priced in,” says Dipan Mehta, Director, Elixir Equities.We are talking about the markets amidst this time of election and the kind of run-up that we have witnessed. How do you … Read more
Brokerage firm Bernstein maintained a Market Perform rating on HCL Technologies, Nuvama has a buy rating on BHEL, Jefferies recommended a buy on JB Pharma and Goldman Sachs has a buy rating on Hitachi Energy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: Bernstein on IT sector: … Read more
Various widely tracked companies like ITC, ONGC, IRFC, Ircon International, BHEL, BEL, Sun Pharma, Nykaa, Tata Investment Corporation, Hindalco, Ashok Leyland, and Divi’s lab will be releasing their March quarter report cards this week. Here’s a list: May 20ONGC, Indian Railway Finance Corporation (IRFC), Bharat Electronics (BEL), Oil India, SAIL, Deepak Nitrite, Whirlpool of India, … Read more
While Sebi may be worried about a possible bubble building up in the broader market, smallcap investors have had an unforgettable FY24 with at least 245 smallcap stocks and 23 midcap stocks giving multibagger returns this financial year. Smallcap Jai Balaji Industries has given the highest return of 2,073% in the category, shows data of … Read more
Indian market is likely to consolidate on Wednesday tracking mixed global cues. The Nifty future closed negative with losses of 0.28% at 22436 levels on Tuesday. India VIX was down by 3.64% from 14.92 to 14.38 levels. “In the last few months, we have witnessed India VIX trading in a band between 14 and 17, … Read more
Indian market is expected to consolidate on Tuesday tracking mixed global cues. The Nifty future closed negative with losses of 0.01% at 22499 levels on Monday. India VIX was down by 0.47% from 15.24 to 14.92 levels. Positive setup was seen in stocks like BHEL, NTPC, Tata Communication, Gail India, PEL, Tata Power, MFSL, IGL, … Read more
Mumbai: Shares of Bharat Heavy Electricals (Bhel) rose 12.4% on Monday, the biggest single-day gain since May 2021, on news the company is likely to get an order worth ₹17,000 crore to construct a thermal plant. Analysts said the momentum in the stock is bullish but advise investors against buying afresh at current levels. Bhel, … Read more
Mumbai: The earnings upgrade-to-downgrade ratio has weakened over the past three months, with 251 companies in the Nifty 500 universe experiencing downgrades for FY24, compared with 152 upgrades, Bloomberg data showed. Among the Nifty 50 companies, 30 experienced downgrades, while 19 underwent upgrades in this period. A Bloomberg earnings upgrade or downgrade is the consensus … Read more