Budget 2023: Infra and related stocks turn attractive to investors
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.
"Global news flows would continue to dominate the outlook for the Indian metals sector. A faster reopening in China and stimulus has provided a new lease of life for the sector, although on ground demand improvement is still elusive. Post CNY demand would be key for further rerating," said brokerage firm CLSA.
D-Street Buzz: CLSA tags Hindalco with 'buy', Tata Steel with 'outperform' as metals shine
According to global research and broking firm CLSA, the steel outlook improved while global news flows would continue to dominate outlook for the Indian metals sector. A faster reopening in China and stimulus has provided a new lease of life for the sector, although on ground demand improvement is still elusive, it said.
Metal stocks rally up to 6% last week. What's cooking?
While the recent price hikes in the regional market and expectations of better demand in Europe appear encouraging, we would wait for more clarity on stimulus measures in China and their impact on the overall steel demand, it said.
Earnings Tracker: 5 Nifty50 companies can post over 40% profit fall in Q3
As for Hindalco, most brokerages expect the profit decline to by 30-40%. MOSL pegs reported PAT for the company in Q3 at Rs 2,100 crore, down 31.4%. Meanwhile, KIE pegs the same at Rs 1961.9 crore (down 46.4%) and ICICI Securities at Rs 1,842.5 crore (down 49.9%).
Earnings Tracker: 5 Nifty50 companies can post over 40% profit fall in Q3
As for Hindalco, most brokerages expect the profit decline to by 30-40%. MOSL pegs reported PAT for the company in Q3 at Rs 2,100 crore, down 31.4%. Meanwhile, KIE pegs the same at Rs 1961.9 crore (down 46.4%) and ICICI Securities at Rs 1,842.5 crore (down 49.9%).
Stocks to buy or sell today: 8 short-term trading ideas by experts for 13 January 2023
Options data suggests a shift in a trading range in between 17600 to 18300 zones while an immediate trading range in between 17700 to 18200 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited.
Right time for long-term investors to pick up IT names: Rahul Shah
IT index is down more than 25%. So I feel that post TCS results one thing was very clear that it looks like that IT has made a bottom. I think obviously we need to look into most of the others earnings as well to get a clearer picture.
Stocks to buy today: 5 short-term trading ideas by experts for 12 January 2023
India VIX was down by 0.48% from 15.51 to 15.43 levels on Wednesday. Volatility spiked above 16 and thereafter cooled during the day. It needs to come below 14 zones for stability to resume. On the options front, the weekly maximum Call OI is placed at 18000 and then towards 18100 strikes while the maximum Put OI is placed at 17700 and then towards 17900 strikes.
Hindalco Industries, incorporated in the year 1958, is a Large Cap company (having a market cap of Rs 110324.94 Crore) operating in Metals - Non Ferrous sector.
Hindalco to raise Rs 700 crore from first bond sale in a decade
Hindalco Industries Ltd. is looking to sell a bond for as much as 7 billion rupees ($86 million), according to an exchange filing on Wednesday. If the transaction goes ahead, it would the firms first bond sale since 2012, Bloomberg-compiled data show.
Top 10 trading ideas for next 3-4 weeks, bulls await peak 18,300 to regain Dalal Street
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.
Hot Stocks: Brokerages on RIL, PolyCab India, Kajaria, Tata Steel and SAIL
Consumer businesses are likely to drive growth for Reliance Industries. However, there is an upside risk to 02C earnings, said the note. RIL outperformed Nifty by 4% in the year 2022. The global investment bank forecasts 18% EBITDA growth in FY24E with 21% growth in retail.
Earnings season will start on a sombre note: Chakri Lokapriya
See the thing is basically if you look at the valuations of metal companies whether it is Tata Steel, Hindalco, Jindal Steel, they are all trading at extremely low valuations so that is not an issue. It is only the outlook for demand which is the concern. Now will China come out of COVID or not has been a big concern and the volumes coming out of China also make a big difference.