F&O stocks to buy today: IGL, IEX among top 9 trading ideas
Positive setup was seen in stocks like Tata Power, IEX, Container Corporation, India Cement, MGL, MCX, Zydus Life, LIC Housing Finance, BEL, Voltas, BHEL, etc.
Hot Stocks: Brokerages on Orchid Pharma, D-Mart, NOCIL and Chola Investment
Investec maintained a buy rating on Orchid Pharma with a target price of Rs 800. The company is set for strong growth over the next 3 years. The new management continues to execute the turnaround strategy well. It sees a strong 35%+ EBITDA CAGR over FY23-26 for the base biz (ex-PLI).
Economy gaining from manufacturing boost: Nirmala Sitharaman
“The second-quarter growth was very high – it is the highest in the world,” Sitharaman said, replying to a short-duration discussion on the state of the economy in the Rajya Sabha. “We continuously maintain that momentum of being the fastest-growing economy.”
A handful of big metros corner biggest share of bank deposits
Also, urban and metropolitan markets account for 80% of term deposits, indicating the skewed nature of the deposit mobilisation pattern in the country. Metropolitan markets are those with a population of over one million and urban centres with over 100,000 population.
Credit profiles of mid-sized cos hit as revenues fall
Indian companies have been witnessing an improvement in credit profiles as low interest rates since 2020 lowered cost of funds and improved profitability. But that has changed since. In the past year, interest rates have soared and inflation has eaten into profit margins.
BHEL’s stock has doubled in 2023 but some still wary
“Most retail investors have bet on the company seeing the overall rally in the PSU space,” said Avinash Gorakshakar, the head of research at ProfitMart Securities. “But if execution is not proper, the shares will see a speed-breaker. Markets are buying into the narrative right now, the numbers are yet to follow,” he said. BHEL […]