Double-digit gains for 3 years! Will Sensex repeat the show in H2 CY23?
In the last five years, the Sensex has given positive returns to investors in the second half of the calendar year with double-digit returns in the last three years, making it an attractive investment destination. Additionally, all sectoral indices have given positive returns in the second half in the past three years, with 10 of […]
FIIs lap up financial stocks worth Rs 5,500 crore but are MFs booking profit?
Foreign institutional investors (FIIs) have spent around 40% of their Rs 13,000 crore investment in Indian equities in June on financial stocks, but banks and other financial shares have failed to perform over the past month, indicating domestic investors and mutual funds are selling off holdings to generate profits. Analysts suggest domestic investors are investing […]
2 top stock recommendations from Gaurav Bissa
And with small amount of divergences on small time frame charts, there is a possibility we may see a bounce back sort of coming in.
HMA Agro Industries IPO fully subscribed on last day despite muted retail interest
HMA Agro Industries’ initial public offering (IPO) was fully subscribed on the last day, with most of the heavy lifting done by non-institutional and qualified institutional investors. Retail investors’ subscription stood at just 70%, despite a pick-up in demand in the last two sessions. Market sources suggest that the company’s shares are commanding a premium […]
Jefferies, Kotak recommend ‘Buy’ on HDFC Life, see 20-28% upside
Jefferies and Kotak Institutional Equities have recommended a “Buy” on HDFC Life Insurance Company with a projected 20-28% upside. The optimism is based on its current business performance and growth outlook. Jefferies and Kotak are anticipating a higher than industry average annual premium equivalent growth rate for HDFC Life Insurance Company. Kotak considers HDFC Life […]
Crypto traders are betting on Asia as a haven after US crackdown
Due to the regulatory uncertainty in the US, Bitcoin trading is increasingly shifting to Singapore, Japan and South Korea, and Hong Kong, which just introduced a new regulatory framework for cryptocurrency exchanges, despite crypto trading remaining banned in China and high taxes in India. Institutional investors perceive the regulatory environment in Asia as less risky, […]
Blinking red! Early indicator for Indian IT companies hints at more trouble ahead of Q1 earnings
Nifty IT fell over 1% on Friday following Q3 results from Accenture, which had a negative effect on Indian IT peers. Although Accenture’s revenue growth met expectations, investors were concerned about the lowering of its FY23 revenue growth guidance band, which could drag on margins and pose risks to LTIM, TechM, Infosys and HCLT. With […]
Here’s why Srinivas Rao Ravuri is overweight, positive on financial sector
Yes, I think our per capita consumption is very low so to that extent we will continue to see demand going at let us say 5-7% both for residential as well as the industrial usage.
Rail, road ministries driving Centre’s capex push
The Rail and Roads Ministries have led public expenditure during April and May, spending 23% of the fund allocated to them for 2022-2023, a total of over INR 1,14,000 crore against just under INR 5 lakh crore. Indian Railways spent over INR 55,000 crore as capital expenditure during the first two months, while the Ministry […]
Hot Stocks: Brokerage view on Bajaj Auto, Paytm, Tata Motors and HDFC Life Insurance
Brokerage firms JPMorgan, BofA Securities, and Kotak Institutional Equities have released their recommendations on Bajaj Auto, Paytm, HDFC Life Insurance, and Tata Motors, for investors to consider. JPMorgan keeps an overweight rating on Bajaj Auto, while BofA Securities maintained a buy rating on Paytm. Kotak Institutional Equities recommends a buy rating on HDFC Life Insurance […]