Bharat Forge, Indian Hotels & 4 other stocks that Sandip Sabharwal has added recently
“We bought Bharat Forge on the reopening trades. We have also taken some exposure in Devyani International and Westlife along with Indian Hotels. We have added some amount of Lemon Tree because that is on a good turnaround path. On the engineering side, I have taken a bet in railway wagon companies like Texmaco and Titagarh Wagons.”
PIL on freebies: States have nearly Rs 59,89,360 crore liability as on March 31, 2021
While Uttar Pradesh and Maharashtra top the chart with liabilities of Rs 6,62,891 crore and Rs 5,36,891 crore respectively, Punjab gets the distinction of being the leader in the debt to Gross State Domestic Product (GSDP) ratio. Punjab, with a liability of Rs 2,49,187 crore, has the worst debt to GSDP ratio at 53:3 in the current fiscal.
RBI Monetary Policy: Bet on these 12 rate-sensitive stocks for a possible return of 10-22%
Federal Bank, ICICI Pru Life Insurance, Oberoi Realty among the stocks. With the Sensex and the Nifty reversing losses after the RBI decision, experts say the Nifty’s next stop could be 17,800. Banking and financial services, FMCG, IT, metal and pharma stocks supported the market.
Big Movers on D-St: What should investors do with this Jhunjhunwala-owned stock, Adani Transmission and Berger Paints?
Our opinion is to wait for a fresh entry. Let the stock correct till Rs 95 odd levels and then we can buy for higher levels of Rs 130-150 in the next 6-8 months. Hence, we recommend waiting for some correction and then buying at lower levels of Rs 95 and more on dips of Rs 85 with a stop loss of Rs 75 on a weekly closing basis on the upside, we can see levels of Rs 130-150 in the next 6-8 months.
Banking stocks rally on rising rates, improving NPA scene; Experts bullish on uptrend
While the BSE Bank index has risen by 5 per cent since the beginning of 2022, as against a decline of nearly 4 per cent in the BSE benchmark Sensex, some key banking stocks like Bank of Baroda have rallied by 30-40 per cent in the same period, as per the stock exchange data.
The tax-paying citizens in India, NRIs and domestic customers can generate a tax challan and make the payment through their bank branches. To make payments easy and avoid delays at first there is no requirement for PAN/TAN registration or verification for taxpayers, the statement said. Federal Bank country head (wholesale banking) Harsh Dugar said: "These are among a slew of digital initiatives, being invested into by the bank, to delight our clients with ease of transaction and bring agility to our business