“Except for oil and gas and metals, I think we stand good as far as the earnings growth is concerned. It will broadly be 13% to 15% sort of earnings growth for this quarter sectorally except for metals and oil and gas,” says Manish Sonthalia, CIO, Emkay Investment Manager.How are you observing the markets right … Read more
The Indian market is likely to consolidate on Tuesday tracking muted global cues. The Nifty future closed flat at 22134 levels on Monday. India VIX was up by 1.50% from 13.69 to 13.90 levels. Volatility has been hovering within a band and creating swings in the market. Positive market setup was seen in stocks like … Read more
Indian market is likely to trade higher on Thursday tracking positive global cues. The Nifty50 experienced a sharp correction on Wednesday, but it managed to hold on to the 22000 level towards the close of the trade. The market may go sideways after a sharp rise and that may be considered as healthy from the … Read more
Brokerage firm BofA Securities maintained an underperform rating on NHPC, Morgan Stanley has an Equal Weight rating on SAIL, and Jefferies recommended a buy on Thermax and PI Industries, respectively. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: BofA Securities on NHPC: Underperform| Target Rs 63 BofA … Read more
Benchmark indices eked out gains on Wednesday following late buying in select stocks. The 30-share Sensex advanced 33 points to settle at 69,584 and Nifty gained 19.95 points or 0.1% to 20,926. Stocks that were in focus include names like Axis Bank, which fell 1.25%, Sonata Software, which was down 4%, and PI Industries, whose … Read more
Foreign brokerage Jefferies has a ‘hold’ rating on M&M Finance on expectations of strong loan growth momentum. Meanwhile, domestic brokerage Nuvama has a ‘buy’ on PI Industries. We have collated a list of recommendations from top brokerage firms from ETNow: Jefferies on M&M Finance: Hold | Target: Rs 295Jefferies maintains a hold stance on Mahindra … Read more
India’s agro-chemical industry has the potential to grow more than the current nine per cent notwithstanding the competition from China, government think tank Niti Aayog member Ramesh Chand said on Wednesday. Chand also observed that many Western countries are shifting from agrochemicals to biopesticides and the Indian industry needs to pay attention to this aspect. … Read more