“One can have an asset allocation attitude but I do not see outside its risks in equities just now and also sentiment is a contra-indicator. When there is uncertainty, when people think things are going wrong, the next period returns are above average. One just compounds bad decisions by going with the flow and how everybody is feeling.”

The government's focus to build infra, support real estate demand and ambitious plans under the national infrastructure pipeline (NIP) will increase the demand for cement companies as well.

After breaking out from the downward sloping trendline on the daily chart, Religare Enterprises is consolidating during last few days, indicating relative strength in the stock. Short and medium term trend remains positive as stock price is trading above all important moving averages.

PSUs, financials and consumer staples outperformed the market, while IT Services, healthcare and realty underperformed the market. Largecaps did better than the mid and smallcap indices.

Sharekhan is bullish on Cummins India has recommended buy rating on the stock with a target price of Rs 1755 in its research report dated December 09, 2022.

Jamna Auto Industries: Buy| Target Rs 116| Stop Loss Rs 104

Cummins India, incorporated in the year 1962, is a Mid Cap company (having a market cap of Rs 41796.22 Crore) operating in Engineering sector.

Nifty MNC Index comprises of 30 listed companies in which the foreign promoter shareholding is over 50% (latest holding as of September 2022). These companies usually have low debt exposures. ET Markets analysed the stocks that have gained over 25% in 2022 so far. All five stocks look strong on SWOT analysis. Take a look at the key strengths of these stocks, according to Trendlyne.com.

Data for the last 22 years for December shows that the Nifty has delivered positive returns for investors on 16 occasions — 73 percent of the time — and has generated 2.9 percent average returns during the month over the past 22 years.

The volatility index, India VIX, has slipped to 13.4 indicating choppiness is gradually subsiding and thus providing comfort to the bulls. Chart patterns suggest the 13-exponential moving average zone of 18,200-18,250 will be a strong support.

KIMS Hospitals is in a clear higher high, higher low formation indicating bullish undertone of the prices.

Sharekhan is bullish on Cummins India has recommended buy rating on the stock with a target price of Rs 1550 in its research report dated November 07, 2022.

The global investment bank estimates that a 20% probability is being built at the current stock price. “Our FY24-25 EPS is 11-17% below consensus. The stock trades at FY24 EV/EBITDA of 17x,” the note added.

“Capex as a theme is in vogue and among investors, there is definitely a liking for some of the companies where the overall performance has proved to be good and where the management is guiding for a better growth ahead. From that perspective, Cummins could be one stock to look at.”

“Capex as a theme is in vogue and among investors, there is definitely a liking for some of the companies where the overall performance has proved to be good and where the management is guiding for a better growth ahead. From that perspective, Cummins could be one stock to look at.”

"The last quarter of CY22 is likely to be a boon for Indian corporates. We expect strong growth momentum in consumer/consumer durables. Along with consumer discretionary companies, as the holiday season approaches, travel and tourism-related companies are also likely to register strong growth. As a result, the entire HORECA (Hotels, Restaurants/QSR, Cafes) space will also benefit."

Momentum indicator Moving Average Convergence Divergence (MACD) showed bullish trend in the counters of JSW Energy, Aditya Birla Fashion, FirstSource Solution, Orient Cement and Swan Energy among others

In the last one month, Container Corporation Of India has gained about 16%

A bullish flag is usually formed in stocks with strong uptrends and is considered a continuation pattern. The neckline of the pattern was placed around Rs 1250 levels.

Birla Cable has witnessed a breakout of triangle formation on the daily chart. After a breakout of the Inverse head & shoulder, it has retested its previous breakout level at around Rs 140.

The paper stocks were buzzing last week as we witnessed buying interest in some of the counters with good volumes. Satia Industries has seen a breakout from a long consolidation phase and has resumed its uptrend with a ‘Higher Top Higher Bottom’ structure

Net Sales are expected to increase by 5.7 percent Y-o-Y (up 8.3 percent Q-o-Q) to Rs. 1,826.5 crore, according to Yes Securities.

Net Sales are expected to increase by 9.7 percent Y-o-Y (up 12.3 percent Q-o-Q) to Rs. 1,894.5 crore, according to Prabhudas Lilladher.

Indian market opened lower by over a per cent on Monday tracking weak global cues. The S&P BSE Sensex fell more than 700 points while the Nifty50 breached 17,200 levels on the downside in the first 15-minutes of trade.

Cummins India Ltd. key Products/Revenue Segments include Engines, Sale of services, Other Operating Revenue, Export Incentives, Scrap for the year ending 31-Mar-2021.

“Prestige and Brigade are the two names where we see a 30% upside. Apart from that, Bombay being a big market, Lodha and Oberoi are our preferred picks in the Mumbai market. In auto, there is strong growth visibility in Maruti and Mahindra & Mahindra and in two-wheelers, we like Hero Motor.”

Cummins India Ltd., incorporated in the year 1962, is a Mid Cap company (having a market cap of Rs 33580.01 Crore) operating in Engineering sector.