Not keeping big hopes from Budget, says Daljeet Singh Kohli
“One thing very important for the Budget is the rural stress. People will look forward to what the Budget does to address that. Second point to watch out for would be the long-term capital case”
Weak global cues pull Sensex, Nifty lower in early trade
“The 18200 Nifty has become a major resistance level which is keeping the Nifty in the narrow band of 17800-18200. Now, it appears that a major trigger is necessary to break this range either on the upside or the downside,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
HUL, Sun Pharma, Tech Mahindra, Eicher Motors and UPL were among the biggest Nifty gainers. The losers included UltraTech Cement, Grasim Industries, NTPC, JSW Steel and Tata Steel
Sensex surges 450 points, tops 61,000 on strong global cues, rally in bank stocks
“Niftys 17800-18200 range has been holding for sometime now. To break the upper end of the range, the market needs positive triggers,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
Four of top-10 firms add Rs 82,481 cr in mcap; HDFC Bank, Adani Total shine
Four of the 10 most valued firms together added Rs 82,480.67 crore in market valuation last week, with HDFC Bank and Adani Total Gas emerging as the top gainers. While Infosys and HDFC were the other gainers, Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, State Bank of India and Life Insurance Corporation of India (LIC) faced erosion from their market valuation.
Rahul Shah is bullish on these 2 sectors for next week
Obviously next week also we are in expiry. Monthly expiry is coming up that is why we are seeing that markets have been quiet since the last three-four sessions. So, the sector on my radar is financials and within the financials also PSU banks.
Buy Hindustan Unilever; target of Rs 3100: Motilal Oswal
Motilal Oswal is bullish on Hindustan Unilever recommended buy rating on the stock with a target price of Rs 3100 in its research report dated January 20, 2023.
Rahul Shah is bullish on these 2 sectors for next week
Obviously next week also we are in expiry. Monthly expiry is coming up that is why we are seeing that markets have been quiet since the last three-four sessions. So, the sector on my radar is financials and within the financials also PSU banks.
HUL shares fall on royalty fee hike even as many cheer Q3 numbers
Motilal Oswal said operating performance was in line with expectations and that "royalty increase was not a concern". Recovery in rural demand and commodity cost reductions will help HUL get back to the mid-to-high teens earnings growth trajectory that it exhibited for the four years before Covid, the brokerage firm said.
Buy Hindustan Unilever; target of Rs 2900: Sharekhan
Sharekhan is bullish on Hindustan Unilever has recommended buy rating on the stock with a target price of Rs 2900 in its research report dated January 19, 2023.
Taking Stock | Another day of selling; Sensex down 236 points, Nifty below 18,100
HUL, Asian Paints, Bajaj Finance, JSW Steel and Nestle India were among the biggest losers on the Nifty, while Coal India, HDFC Bank, Power Grid Corporation, HDFC and ITC ended on top of the heap
Royalty hike clouds HUL's strong Q3 results; should you buy, sell or hold the stock now?
Global investment bank, Jefferies maintained its buy rating on HUL post Q3 results but slashed its target price to Rs 3100 from Rs 3150 earlier which still translates into an upside of about 17% from Rs 2650 recorded on 19 January.
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.
Big Movers on D-St: What should investors do with Mahindra CIE, HUL and Asian Paints?
However, on the short-term time frame, the momentum indicators suggest that the stock is in an overbought zone and high chances of quick short-term correction are not ruled out if the stock trades below 368 or 10-Day SMA.
Worst of inflation behind us, seeing some green shoots in rural market, says HUL's Sanjiv Mehta
HUL’s net material inflation came down to 18 percent in the December quarter. In the June quarter, it was at 20 percent and had climbed to 22 percent in the September quarter
After 10 years, parent Unilever hikes royalty fee for HUL by 80 bps
This is the first such hike undertaken by the parent firm after 10 years. The prior agreement with the parent for technology, trademark licence and central services was entered into in January 2013 for a period of 10 years
HUL Q3: Net profit rises 12% to Rs 2,505 crore; beats estimates
HUL Q3: According to a poll of brokerages, standalone revenue was expected to come in at Rs 14,904 crore, up 13.8 percent YoY while PAT was estimated to increase 8.3 percent YoY to Rs 2,481 crore.
HUL Q3 Results: Profit jumps 12% YoY to Rs 2,505 crore, meets estimates
Net sales during the quarter rose 16% to Rs 14,986 crore against Rs 12,900 a year ago period. On Thursday, HUL's scrip closed 1.61% lower at Rs 2,643.05 on NSE.
HUL Q3 Preview: Revenue likely to grow in double-digits; margins to take a hit
However, volume growth is likely to be muted in single digits and gross margins will take a hit year-on-year (YoY) mainly due to inflationary pressures during the period under
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.”
Stocks to buy today: 5 short-term trading ideas by experts for 18 January 2023
On the options front, the weekly maximum Call OI is placed at 18,000 and then towards 18,100 strikes while the maximum Put OI is placed at 17,900 and then towards 17,800 strikes.
ITC to acquire Yoga Bar to expand presence in fast growing healthy foods space
The move will allow ITC to expand presence in the Rs 45,000 crore fast growing, nutrition-led healthy foods space. ITC said this deal is in line with its ‘ITC Next strategy articulated by chairman Sanjiv Puri that focuses on building a future-ready portfolio of products that serve evolving consumer needs
Sensex gains 200 points, Nifty near 18,000 despite weak Asian cues
“The dominant trend impacting the near-term texture of the market is the sustained selling by FIIs for the eleventh time this month. The simple logic behind sustained FII selling is that India is the only large market where FIIs are still sitting on good profits after the disastrous 2022 performance in most global markets,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.