Sharekhan recommended Hold rating on Radico Khaitan with a target price of Rs 1205 in its research report dated February 15, 2023.

Bears will be scared as the markets move up so that is very simple as bulls get scared when the markets fall down. So I think bears will be scared earlier than people expect.

In the Nifty pack, 9 stocks were trading in the green, while 40 stocks were trading in the red.

Gross margin pressure is expected to sustain, the brokerage maintains sequentially flat margin at ~41% (down +400bps YoY).

Based on the rollover data, Nifty may stay on the positive side. For January Expiry, important levels to watch for are 18500 on the higher side whereas 17600 can act as support on the lower side.

Brokerage firms remain mixed on the issue. A few are bullish on the company's growing fundamentals and high entry barriers, whereas others are skeptical over its aggressive valuations, despite being pure and OFS play.

Among the top eight brewery players on the basis of market capitalisation, with a capping of at least Rs 750 crore, only two players have delivered negative returns in the last six months with one stock turning into a multibagger.

The Nifty50 is expected to face short-term turbulence as investors have become cautious of further aggressive rate hikes by the US Fed after the release of US Job data last Friday.

“In areas like defence where there is an incredible opportunity for the coming decade. Defence as a sector is where IT was maybe 20 years back. Theres a huge opportunity and with the whole buzz and manufacturing tailwinds and the governments thrust on indigenisation, clearly defence is a huge opportunity for the next 8 to 10 years.”

EIH rose 4.3 percent to Rs 196.2 and formed bullish candle on the daily charts with above average volumes. It has seen a breakout of small down ward sloping resistance trend line adjoining September 7 and September 20, while it has respected the support trend line formed in last couple of weeks.

The stock recently gave a breakout from the neckline of the inverse head and shoulder pattern earlier in September and the formation of a flag pattern on daily charts adds to a bullish stance.

Stock picking may not work in defense sector, which is one of his picks, but buying a basket of private and public sector players is a good idea, said the market expert

Sharekhan is bullish on Radico Khaitan has recommended buy rating on the stock with a target price of Rs 1135 in its research report dated August 12, 2022.

ICICI Direct is bullish on Radico Khaitan has recommended buy rating on the stock with a target price of Rs 1100 in its research report dated August 12, 2022.

Radico Khaitan Ltd., incorporated in the year 1983, is a Mid Cap company (having a market cap of Rs 12248.53 Crore) operating in Beverages - Alcoholic sector.

While the Nifty and Nifty Midcap 100 have gained around 6% in the last one year, Nifty Smallcap 100 has declined more than 14% during this period. The stocks in which mutual funds have raised their holdings have consistently given an average return of 8% in the past one year and 115% in the previous two years.

“At times people take investing too seriously, life too seriously and the best way to add colour to it and make it more fun filled is to basically ensure your portfolio is positioned into businesses which make life very interesting and entertaining. Apart from technology, Indians are going to consume much more of all these things going forward and therefore these businesses seem to be really well placed and well poised for Indias long term growth potential.”

“The appreciation in the ITC stock price has little to do with the underlying growth of the businesses, probably still in single digit but it is all about expectations of corporate actions and hopes that there would be demerger of various businesses. I would not want to read anything beyond that.”

Companies and experts said consumers from Delhi, which earlier bought from these markets, especially Gurugram, shifted purchases to their city due to price-parity. Late last year, Delhi opened the market by allowing private retailers to sell liquor compared besides government-owned shops.

The company, in consultation with the lead bankers to the issue, may consider a preferential issue of equity shares or any other method aggregating up to Rs 200 crore. If such placement is completed, the fresh issue size will be reduced, a company release suggested.

Advertising industry executives said the guidelines require clarity, in the absence of which the role of agencies representing these brands too could come under scrutiny.

“First comes the agri-related companies. Valuations of PI Industries, United Phosphorous and a number of companies in that space are extremely attractive. These are recession and external-shock proof . Second, IT stocks which have corrected significantly but where the outlook remains extremely strong. The third is small ticket consumer discretionary stocks. Companies like Voltas, Havells look good.”

Local media reports said the authorities have increased the price of 1,000 ml liquor by Rs 120. The price of a quarter bottle has been hiked by Rs 20. On all types of beer, there was a minimum hike of Rs 10 per bottle, reported Telangana Today.

Companies made a beeline to manufacture hand sanitisers as the demand spiked to record levels just at the beginning of the second wave last year.

“It has been four days since the election results are out and oil prices have not gone up for the retail public. That tells us that there is a quantum shift in the policy. We need to support consumption compared to the earlier model of infrastructure driven policy. The seminal shift is one of the best things that can happen to consumption and the market at this stage. ”