What to buy as Sensex dives below 59,500? Dilip Bhat answers
"Pharma is certainly one of the spaces that one should look at because that is one of the space which has not done anything at all. They have only gone down. I think one should definitely look into some of the frontline pharma stocks like Sun Pharma, Lupin, Cipla. I will also be a little more comfortable with something like Larsen & Toubro or Siemens or ABB."
Adani FPO, Budget, Fed action among 8 factors to keep D-Street on its toes this week
“The fiasco in the last two days has dampened overall sentiments and certainly disrupted prices across the board,” said Sameet Chavan, chief analyst - technical and derivatives at Angel One. "From an optimist's point of view, its good that the market is approaching the Budget on a lighter note, and any favorable outcome would lift the markets higher," Chavan said, but added that any slight disappointment would result in a further aberration in the market.
Most of earning growth recovery will be seen in Q4: Abneesh Roy
See, ultimately, it is all about content. So if content is good, after the initial first three days which is looking very good, I think then it will boil down to content.
FMCG sector to do well over the next six to nine months: Abneesh Roy
Yes, the outlook is definitely improving and we will continue to prefer the leaders in the pack. Yes for HUL the royalty issue is a near term negative but in the broader scheme of things I think it is not too much of an issue.
Nifty target for March 2024 at 19,250, IT stocks among top picks: BNP Paribas
Indias valuation premium to Asian peers has come off the peak but remains well above historical average. “Since 2015, as interest rates moderated, we have seen a large P/E expansion in the Indian market and we think some more time correction is likely.
Jonathan Schiessl on why defensive counters like consumption may outperform now
“We have held a reasonable weight to this sector to keep a balanced portfolio. The expectations were not that high and obviously the numbers are probably coming through better than expected. So yes, we like this space and continue to have good holdings there.”
ETMarkets Smart Talk: Range-bound market making index trading difficult: Sumeet Bagadia
Nifty began the week near 17950 and ended very close to the same level, forming a Doji candle on a weekly chart, indicating a bearish trend reversal. The volume profile suggests that the Index may find support in the 17750-17850 range.
Expect ITC to do well in Q3 with almost 17% EBITDA growth: Abneesh Roy
“There is a margin improvement for most companies quarter on quarter but the YoY pressure for most companies is still there. My sense is that in Q4, further margin recovery will happen because of the current crude oil prices and other deflation. There is always a lag of two to three months. So, in Q4, further build up in margins will happen.”
Q3 preview | FMCG margins set to expand but slow recovery in rural demand to play spoilsport
Most of the revenue growth will be driven by price hikes, while food will outperform personal care. Discretionary companies such as paints, jewellery, apparel and QSR face a demand slowdown, say analysts
Stock market update: Stocks that hit 52-week highs on NSE in today's trade
BF Investment, TD Power Sys, Krishna Defence and Allied Industries Ltd., Pritika Engineering Components Ltd. and Cords Cable Ind, hit their fresh 52-week highs during the day.
Ayaz Motiwala has been betting on Phoenix Mills & KIMs. Here’s why
"Discretionary spending is at absolutely new highs and the index is 20 to 30% higher on a 2-3 year basis. Phoenix wants to be a city centric large retail-led mall sort of a real estate player but their vision is primary retail led. About 10-15 years ago they tried to go to the then smaller cities such as Indore, Lucknow etc. All those cities have grown much bigger over the years.”
2022 in numbers: New records and heartbreaks for stock investors
"The performance of 2022 has been as per the trend observed over the past 10 years. Whenever Sensex provided returns of over 25% in a calendar year, the following year has seen a muted return," said Sunil Sanghai of NovaaOne Capital.
Lotus Chocolate hits upper circuit after RIL's retail arm acquires controlling stake
“The investment in Lotus underlines our commitment to further boost indigenously developed daily use high-quality products, to serve a broad customer spectrum at affordable prices,” Isha Ambani, the executive director of Reliance Retail, was quoted as saying in the release.
D-St veteran Shyam Sekhar shares 10 most-boring stocks for 2023. Here’s the list
This stock recently touched its 52-week low and in the last 15 years, only 1.11% of trading sessions saw intraday gains higher than 5%. “It is so boringly safe that nobody loves it,” said Sekhar.
Avoid long positions in Shree Cement & Amara Raja Batteries: Swati Ananda Hotkar
“From the last few trading sessions, Britannia is trading in the formation of lower tops and lower bottoms and it might retest its averages. One can go for a short in Britannia at current market price upside. One should keep a stop loss at Rs 4,400 level. I believe it will retest Rs 4,230-4,200 levels on the downside. ”
Buy Britannia Industries; target of Rs 5060: Sharekhan
Sharekhan is bullish on Britannia Industries has recommended buy rating on the stock with a target price of Rs 5060 in its research report dated December 27, 2022.
More than 50% of Nifty50 stocks give index-beating returns for atleast 5 out of 10 years!
Despite seeing a dent in earnings performance due to the spike in raw material prices and subdued international demand in 2022, shares of the countrys largest steelmaker have given positive returns for three consecutive years.
Nifty could move towards 17,500; crucial resistance at 18,000: Swati Ananda Hotkar
“The view on both the indices will remain cautious and stock specific. The market breadth is not doing very well. The 1:4 ratio is there. So the overall view is a little bit cautious. We are not initiating a major long position in this kind of a market because we believe that the downfall is likely to be continued in the coming week as well. ”
Investing in what we consume -- an old strategy in a new world
Consumer companies have launched low-unit packs (LUPs) to boost sales of premium products in rural and low-income areas. These companies derive 55% of their revenue from urban markets and the remaining from rural ones.
FMCG among top 5 performers in 2022 as faith in India’s consumption story intact
A year that saw volume growth drop sharply due to the inflation impact on rural consumption,and profitability bearing the brunt of spiralling commodity prices, most FMCG majorsweathered the storm and managed to report growth in sales and profits.
Balrampur Chini, Cyient, NFL among top 6 stocks that could see 5-15% upmove in 3-4 weeks: Chandan Taparia
We dont think that market is much worried about a recession. It had seen a good run-up of more than 2000 points from 16747 to 18887 levels in the last 11 weeks, so a recent decline of 600 points from higher zones is just part of profit booking which is just one-third of the entire upswing.
Hawkish Fed hits sentiment, Nifty’s resistance at 18,700
Nifty broke down its upsloping trend line support and slipped below the 20-SMA (18,528), indicating weakness ahead in the near term. If Nifty remains below 18,500, it will witness supply on any minor pullback.