Tech View: Nifty forms doji candle; buy-on-dips suggested with 22,780 as key support. How to trade on Thursday
Tech view: Nifty has formed a double bottom pattern and a doji candle near key support levels. The 21-day simple moving average (DSMA) at 23,285 makes the 23,280-23,000 zone a strong resistance. On the downside, 22,780 serves as crucial support. Holding above this level, a buy-on-dips strategy is recommended, says Hrishikesh Yedve of Asit C. […]
ITC Hotels shares may rally by 30% led by strong franchise: Jefferies
ITC Hotels: Jefferies initiated coverage on ITC Hotels (ITCH) with a ‘buy’ rating and a target price of Rs 240, citing strong growth potential. It projects a 16%/19% CAGR in EBITDA/PAT over FY24-FY27e and expects occupancy in India to rise to 75% by FY27. ITCH’s debt-free balance sheet and strategic expansion plans support long-term growth, […]
MS Ahluwalia favours smaller states to drive urbanisation, economic growth
Economist Montek Singh Ahluwalia advocates for splitting large states like Uttar Pradesh to spur urban growth and creating ‘near-Metros’ from tier-2 towns. He points out challenges in achieving 8% annual growth and the complexities of initiating reforms in a fragmented global scenario.
D-Mart and Trent to outperform amidst India’s changing consumption landscape: Jignanshu Gor
Jignanshu Gor, from Bernstein India, shares insights on retail and restaurant stocks, highlighting an outperform rating on D-Mart, Trent, Jubilant, and Devyani. He explains the need for continuous innovation in FMCG and the growing impact of quick commerce. Gor emphasizes evaluating brands versus channels and highlights the current growth in apparel, groceries, and beauty products.
Ashok Leyland Q3 Results: Cons PAT surges 36% YoY to Rs 762 crore, revenue rises 8%
The Q3FY25 revenue from operations stood at Rs 11,995 crore, an increase of over 8% from Rs 11,066 crore reported in the corresponding quarter of the previous financial year.
India’s earnings slowdown cyclical, expect recovery by mid-year: Jonathan Garner
I think there is a minority opinion that this is a more structural slowdown in earnings for India. We do not agree with that. But there are certainly people who have that view.
SAIL shares jump over 3% after Q3 PAT falls 66% YoY
SAIL’s shares surged 3.5% to Rs 103.65 on BSE post-Q3FY25 results showing a 66% YoY drop in net profit to Rs 142 crore. The revenue from operations increased 5% to Rs 24,490 crore. EBITDA improved slightly to Rs 2,389 crore, though PAT fell 84% versus Q2FY25.
Fund Manager Talk | Valuations reasonable across market, buying banks and consumer discretionary stocks: Anthony Heredia
The catalysts as well as potential drivers for the re-rating will be assessed and evaluated relative to current price, which makes it easier to implement portfolio decisions both from a buy as well as sell perspective.
Uncertainty in US policy driving FII caution in Indian markets: Rajeev Agrawal
We like to buy things when they are on discount, when they are on sale, and right now we are seeing a lot of opportunities. So, we are nibblers, if you would, and that is what we have been doing.
MSCI February Rejig: Hyundai India joins Global Standard Index; IndusInd Bank, PB Fintech and others see weight increase
MSCI’s February 2025 index review adds Hyundai Motor India to the MSCI Global Standard Index, while Adani Green Energy is removed. IndusInd Bank and Varun Beverages see significant weight increases. In the MSCI India Smallcap Index, 19 companies like CarTrade Tech are added, and several stocks experience weight adjustments.