Stock market update: Stocks that hit 52-week highs on NSE
DRS Dilip Roadlines, Radhika Jeweltech, Lambodhara Text, Servotech Power Syst and Upsurge Seeds of Agriculture Ltd., hit their fresh 52-week highs at 10:04AM.
Buy IndusInd Bank; target of Rs 1450: ICICI Direct
ICICI Direct is bullish on IndusInd Bank recommended buy rating on the stock with a target price of Rs 1450 in its research report dated January 19, 2023.
KR Choksey is bullish on IndusInd Bank has recommended buy rating on the stock with a target price of Rs 1550 in its research report dated January 20, 2023.
Rs 10,000 crore-blow! 2 biggies faced most of FII outflow brunt
Amid impressive credit growth, banks remain the top pick of most brokerages despite the FII selling. On IT, however, many analysts have a cautious stance saying they expect more pain ahead due to global macro factors.
"Improvement in core performance as well as clarity on extension of CEO tenure will be key re-rating triggers for stock valuations," Jefferies said in a client note. Brokerage Avendus Spark is the most bullish. Its target price translates into a 37% upside from the current levels.
Buy IndusInd Bank; target of Rs 1550: Motilal Oswal
Motilal Oswal is bullish on IndusInd Bank recommended buy rating on the stock with a target price of Rs 1550 in its research report dated January 18, 2023.
Sharekhan is bullish on IndusInd Bank has recommended buy rating on the stock with a target price of Rs 1500 in its research report dated January 18, 2023.
Buy Indusind Bank; target of Rs 1650: Emkay Global Financial
Emkay Global Financial is bullish on Indusind Bank has recommended buy rating on the stock with a target price of Rs 1650 in its research report dated January 18, 2023.
Anand Rathi is bullish on IndusInd Bank has recommended buy rating on the stock with a target price of Rs 1408 in its research report dated January 18, 2023.
Buy Indusind Bank; target of Rs 1473: LKP Research
LKP Research is bullish on Indusind Bank has recommended buy rating on the stock with a target price of Rs 1473 in its research report dated January 19, 2023.
Buy IndusInd Bank; target of Rs 1500: Prabhudas Lilladher
Prabhudas Lilladher is bullish on IndusInd Bank has recommended buy rating on the stock with a target price of Rs 1500 in its research report dated January 19, 2023.
Bank Nifty also remains an index which is continuously hitting lower, higher lows and now there is a chance that we should see a breakout happening anytime soon.
Sensex surges 390 pts to settle above 61,000 for first time since Jan 3
From the Sensex pack, Tata Steel and L&T were the top performers, rising over 2%. Wipro, HDFC Bank, HDFC, Bharti Airtel, NTPC and ITC also closed with gains
IndusInd Bank Q3 Preview: A 48% jump in net profit on robust loan growth
A robust loan growth of 19 percent, and 24 percent fall in provisions is likely to propel IndusInd Bank's net profit by 48 percent year-on-year for Q3FY23
Keep a slightly higher allocation for healthcare versus pharma space: Hemang Jani
I think for the auto sector, particularly passenger vehicles, the growth run continues. In between we had some challenges on the margin front and for Maruti particularly their overall product basket was not looking that good with competition coming in from the Kia and the GM and many other names. But I think in the last six months or so, if you see their product offering has been much, much better.
Big Movers on D-St: What should investors do with HCL Technologies, IndusInd Bank and UltraTech Cement?
At the lower level stock made a double bottom and gave some pullback to make a high around 1151 levels. In the last 4-6 weeks price moved in the consolidation phase taking support of multiple bottoms and facing the resistance of multiple tops in the last two weeks with high volume price has breached the pattern and closing above indicate further upside rally.
Small banks may need to boost provisioning: Analysts
Even as most banks have strengthened capital buffers post Covid-19, expected credit loss (ECL)-based norms could release existing provisioning for large banks such as ICICI Bank and HDFC Bank, they said, while some small private players like City Union Bank and DCB Bank may have to accelerate provision buffers and raise capital faster.
IndusInd Bank Q3 preview: NII growth seen strong, margin view mixed
The brokerage expects healthy loan growth, coupled with stable margins and contained provisions to support profitability of the lender. However, slippages are likely to remain elevated, given residual stress recognition in CV, MFI books. The brokerage expects net interest income to grow 18% to Rs 4,468 crore.
Stocks to buy today: 7 short-term trading ideas by experts for 17 January 2023
Now, the Nifty50 has to hold above 17850 zones for an up move towards 18050 and 18123 zones whereas supports are placed at 17850 and 17777 zones,” recommends Taparia.
Sensex down 3,000 pts from peak, but these 30 stocks filled investors’ piggy banks!
Public sector banks remained the darling of the Street as they gained by a majority. UCO Bank, Central Bank of India, Indian Overseas Bank, Bank of Maharashtra, Bank of India, Bank of Baroda, Punjab National Bank, Indian Bank, and IDBI Bank joined the gainers list.