All the spending is going into IT, whether it is in terms of digitalisation, cloud migration or Blockchain. These are strategic spends and not discretionary in nature, said Nitin Raheja, Executive Director, Head – Discretionary Equities, Julius Baer Wealth Advisors.
Hot Stocks: Brokerage view on Dalmia Bharat, Axis Bank, Kotak Bank and Aurobindo Pharma
Morgan Stanley reiterated its overweight rating on Dalmia Bharat, while Macquarie advised an outperform rating for Axis Bank. Jefferies sustained a hold rating on Kotak