Fund Manager Talk | Worried about valuations in bull market? Nippon CIO on what to buy
Over the last few years, we have witnessed multiple policy enablers across areas like manufacturing, formalization, taxation, etc which has created a sound platform for future growth. In the upcoming budget we expect continuity in terms of policy measures and fiscal prudence.
Hot Stocks: Brokerage view on Bharti Hexacom, Vodafone Idea, Apollo Tyres, HDFC Life and Varun Beverages
JPMorgan has initiated coverage on Bharti Hexacom with an ‘Overweight’ rating and a target price of Rs 1,280. The brokerage believes the company is the best in the Indian market for repair pure-play, predicting a 20% CAGR driven by tariff repairs, with returns stronger than peers, boosted by ARPU and subscriber growth tailwinds.
Big movers on D-Street: What should investors do with Aurobindo Pharma, Tanla Platforms and IDBI Bank?
Sensex and Nifty hit record highs, driven by PSU banks and foreign inflows. Aurobindo Pharma rose 20%, with an overbought RSI, trading 9.5% above the mean. Tanla Platforms nears its 50-week average, trading sideways. IDBI Bank shows strong demand at 76, with the highest quarterly trading volume, and momentum approaching breakout.
Govt Goldmine: PSU stocks still partying hard on D-Street
Public sector stocks have seen a significant increase in market capitalisation post-election results, with speculation of potential government stake sales. Valuations are high, posing challenges for further price appreciation. Retail investors are advised to be cautious and consider CPSE ETF for investment.
Stocks in news: Bajaj Auto, SpiceJet, Jio Financial, HUL, Vedanta, ZEE
Domestic markets saw positive trends with various companies like Bajaj Auto, SpiceJet, and Jio Financial making news. Vedanta launches QIP issue, while HDFC AMC reports profit jump. Updates on Angel One, Vodafone Idea, Unichem Labs, and more. Stay informed on the latest developments in the financial sector.
Asia sees cautious open; US stocks buoyed by Trump: Markets wrap
Stocks in Asia show mixed reactions to Trump’s increasing chances of winning a second term after surviving an assassination attempt. Market volatility expected due to tariff threats. Federal Reserve Chair hints at possible interest-rate cuts. Investors remain focused on economic and earnings results despite shocking events.