Strong Q4 earnings catapult Sobha shares. What to do now?
Real estate developer Sobha’s shares surged 10% on the NSE after announcing a 242% YoY jump in Q4FY23 profit after tax to INR 48.6 crore ($6.5m) from INR 14.2 crore in Q4FY22. The Bengaluru-based company’s revenue from operations also increased 70% YoY to INR 1,210 crore for Q4FY23. Leading brokerages including Jefferies, Kotak Institutional Equities, […]
6 Nifty50 stocks can offer solid gains as MACD crosses above signal line
6 Nifty50 stocks can offer solid gains as MACD crosses above signal line
Will Dalal Street devils of 2022 turn out to be multibaggers of next decade?
Indian new-age tech firms such as Paytm and Zomato, which saw their stocks plunge by up to 60% in 2022 causing cumulative losses of Rs 2 lakh crore, could become profitable in the near future, leading to potential as multibaggers over the next decade, according to investors. Some of the firms, including Zomato, have already […]
Top Picks! 3 stocks MOSL is recommending for up to 25% upside
Brokerage firm Motilal Oswal Financial Services shared its three top weekly picks that can offer 19-25% returns.
India continues to remain a sweet spot in global market: Anand Shah
When it comes to India, I think India has never been a challenge. I think the growth is not great but it is still good relative to the rest of the world
Q4 results today: What to expect from Adani Ports & Apollo Hospitals
Adani Ports is expected to register a 31% growth in revenues to Rs 5,028 crore with an 80% profit rise to Rs 1,842 crore in their quarter four report. However, continuing export curbs may impact underlying comparable volume growth in the company. Meanwhile, Apollo Hospitals is set to see its net profit more than double […]
We remain reasonably overweight on housing finance space within real estate sector: Deven Choksey
I guess the IT is showing the distinct signs of growth. So, there also we remain reasonably more confident. And the banking credit is also reasonably good as far as the corporate side is concerned, housing financer is concerned and the retail side is concerned.
RIL, HUL among top 10 trading ideas by experts for today
Indian markets may consolidate on Tuesday following mixed global cues. The Sensex gained over 300 points with Nifty50 closing just below 18600 levels. India VIX rose 3.34% from 11.90 to 12.29 on Monday, indicating some consolidation in record-high index levels amid the start of the new series. Options data reveals a potential trading range of […]
Nifty50 likely to hit 20,000 as we move in 2H 2023: Vikram Kasat
Considering a base case, we can see NIFTY to be around 20,000 levels given that India has positioned itself in the best spot where it can achieve exponential growth in exports as well as the domestic market.
Hot Stocks: Brokerage view on Amber Enterprises, AU Small Finance and Asian Paints
Amber Enterprises was given a buy rating by Jefferies with a target price of Rs 3,120, owing to the expected growth of the domestic AC industry. Financial services company Motilal Oswal downgraded AU Small Finance Bank to a neutral buy with Rs 830 target price due to its rising cost of funds likely to impact […]