Nitin Bhasin from Ambit suggests caution on midcap IT firms like Coforge and Persistent due to high valuations, along with DMart and Voltas. While FMCG valuations remain rich, domestic companies like GCPL are favored. Bhasin also expresses concern over expensive defense stocks and Godrej Real Estate, highlighting the importance of earnings expectations alongside valuations.
Positive Breakout: These 7 stocks cross above their 200 DMAs
In the Nifty200 pack, seven stocks’ closing prices crossed above their 200-day moving averages (DMA) on October 27, 2026, according to StockEdge’s technical scan data.