Supply side remains supportive structurally for commodity basket: Pinakin Parekh
Yes, you will have volatility and commodity prices will be volatile but the supply side remains supportive structurally for the commodity basket.
Royalty hike clouds HUL’s strong Q3 results; what to do with stock now?
Global investment bank, Jefferies maintained its buy rating on HUL post Q3 results but slashed its target price to Rs 3100 from Rs 3150 earlier which still translates into an upside of about 17% from Rs 2650 recorded on 19 January.
Hot Stocks: Should you buy or sell Asian Paints after Q3 results?
The brokerage has remained positive on the stock but said a re-rating looks unlikely given premium valuations and likely disruption due to the entry of a large player. It has an accumulate rating on the stock with a target price of Rs 3326.
Stock to buy today: 7 short-term trading ideas by experts
India VIX was down by 0.28% from 14.08 to 13.40 levels on Thursday. Volatility has been hovering at lower levels from the last nine weeks and supporting the bulls to hold the overall command. On the Options front, the maximum Call OI is placed at 19,000 and then towards 20,000 strikes while the maximum Put […]
Long-term investors should largely avoid paint stocks: Sandip Sabharwal
Asian Paints numbers are quite disappointing in terms of the kind of volume growth they reported as well as the overall growth so it was a significant miss.
ETMarkets Smart Talk: Plan to invest Rs 10L in 2023? Allocate 45% in equities and debt; 5-10% allocation to gold through SGB
As far as the budget is concerned, for the last 3-4 years budget has remained non-event for the market, and most of the policy decision has been announced separately. We don’t expect any pre-budget rally.
ETMarkets Fund Manager Talk: Diversified allocation helped this fund manager’s portfolio beat benchmark by 18% in 2022
This year where the global economy is expected to grow at 1-2%, India is expected to grow at 7-8%. India would be a major beneficiary of global manufacturing moving out of China.
Big Movers on D-St: What should investors do with Mahindra CIE, HUL and Asian Paints?
However, on the short-term time frame, the momentum indicators suggest that the stock is in an overbought zone and high chances of quick short-term correction are not ruled out if the stock trades below 368 or 10-Day SMA.
Sun Pharma to buy concert for $576 million
Concert has pioneered the use of deuterium (a hydrogen isotope) in medicinal chemistry and has an extensive patent portfolio, including its lead product candidate deuruxolitinib – an oral inhibitor that blocks Janus kinases JAK1 and JAK2 for the treatment of baldness. Concert has completed the evaluation of the efficacy and safety of deuruxolitinib in adult […]
O2C, exploration likely to drive RIL’s Q3: Analysts
JP Morgan, in a research report, said, “We forecast most of the quarter-on-quarter earnings growth to be driven by O2C, as the SEZ export tax removal benefits O2C and E&P segments as the higher prices flow through from October onwards. We expect retail and digital to report muted sequential earnings growth.”