Ahead of Market: 10 things that will decide D-Street action on Wednesday
"Indian markets opened on a positive note following positive trade in Asian markets as China re-opens its economy and gradually ends it zero-covid policy giving boost to sentiments and raising hopes of a recovery," said Narendra Solanki - Head Fundamental Research- Investment Services, Anand Rathi Shares & Stock Brokers
Laurus Labs hits 52-week low as KIE downgrades stock to sell
However, as per Trendlyne data, the highest target for stock goes up to Rs 735, while the average estimate of Rs 561, shows an upside of the potential of around 32.5% from the current prices.
#LAURUSLABS could look to buy on the formation of a bullish continuation pattern above levels of 470 or alternatively look to buy dips around levels of 385.
32 smallcap stocks give double-digit weekly returns; is more steam left?
“As seen in market upcycle, mid and smallcap stocks tend to outperform largecaps. Based on expectation of Nifty 50 creating a new high, we can expect this to translate into broader market outperformance as well..” said Vivek Goel, co-founder and joint MD at Tailwind Financial Services.
Hot Stocks: Brokerages on RIL, RBL Bank, HUL, Kotak Mahindra Bank and Laurus Labs
Morgan Stanley maintained its underweight rating on RBL Bank with a target price of Rs 115. Core pre-provision operating profit (PPOP) missed due to lower balance sheet growth/fee income, the brokerage said.