A host of domestic brokerage firms have initiated coverage on various stocks from different sectors including consumption, infra, engineering, FMCG and consumer durables, among others. They remain positive on these counters as all eight stocks have a buy rating. Here are the new stocks which brokerages prefer:
Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?
Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength.