Momentum Pick: Will M&M’s outperformance over Nifty50, Nifty Auto continue?
Mahindra & Mahindra (M&M) stock has outperformed both Nifty50 and Nifty Auto indices and recent momentum indicators suggest it’s in an overbought zone. M&M stock could still see a 15-20% uptick aided by a supportive chart structure and good fundamentals, although trends indicate it might be time to book profits. The market also suggests that […]
Taher Badshah on potential risks that could impact Indian markets going ahead
Meanwhile, the markets have taken a somewhat dim view already about businesses associated with rural demand or associated with monsoon and have kind of been punished in the recent weeks, given certain initial indications.
Sebi floats consultation paper on additional disclosures by FPIs
India’s Securities and Exchange Board (SEBI) has published a consultation paper seeking responses from the public on proposed guidelines on additional public disclosures by foreign portfolio investors with INR250bn ($3.7bn) of assets under management in equity. SEBI estimates that high-risk FPI assets under management of around INR2.6tn ($38.3bn), about 6% of total FPI equity AUM […]
Hot Stocks: Brokerage view on SBI, JK Cement, Coal India, Tata Motors and Policybazaar
Top brokerage firms have shared their recommendations on some Indian companies. BofA Securities maintained a buy rating on SBI with a target price of Rs 1030, while Jefferies downgraded JK Cement to hold with a target price of Rs 3260. JPMorgan remained overweight on Coal India with a target price of Rs 290. CLSA maintained […]
Adani Ports Q4 earnings beat estimates. Should you buy this stock?
Adani Ports and Special Economic Zone’s Q4FY23 earnings beat estimates, leading to buy ratings from top brokerages. The company clocked a 5% YoY rise in net profit to INR 1,159 crore for Q4FY23, and a 9% YoY growth in net profit to INR 5,310 crore for FY23. Consolidated revenue for the reporting quarter grew 40% […]
At multi-year highs: These 4 major stocks gave 5-year breakouts
In the NSE list of stocks with market cap of over Rs 10,000 crore, 4 stocks crossed their previous 5-year high value at the close on May 30, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look.
ETMarkets Fund Manager Talk: Volume growth can make for potential hit to MF industry profits on fee cap: Mahindra Manulife
The industry has seen unprecedented growth since the end of the financial crisis in 2008, and we have witnessed almost 10x growth in AUM since that point.
ETMarkets Management Talk: Choice International aims over 30-40% annual growth over next 2-3 years: Kamal Poddar
Our revenue growth in FY23 can be attributed to two key business verticals: Broking services and B2G advisory services. Notably, we have witnessed a significant increase of nearly 50% in the number of demat accounts opened with us during the year.
Positive Breakout: These 6 Nifty500 stocks crossed above their 200 DMA
In the Nifty500 pack, 6 stocks closed above their 200 DMA (Daily Moving Averages) on May 30, according to StockEdge’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on […]
ETMarkets Smart Talk: Infra, capital goods, BFSI, and auto sectors could be in limelight ahead of elections in 2024: Deepak Jasani
Logically, once these large uncertainties are out of the way, markets should do well. However, if any of these plays out negatively earlier, we would have seen a downward correction from where post the resolution of uncertainties, we could see recovery.