Hemang Jani says that last year the IT sector has done pretty well. “I would be comfortable entering into these stocks once we have slightly more colour in terms of earnings for next year. While people hope that the growth is going to be 10-12% for largecaps and maybe 16-20% for midcaps, we want to see management commentaries. We would avoid them till there is a clarity on earnings.“
Jefferies cuts KEI Industries target price by 11%. Will UltraTech’s entry put the company at risk?
Jefferies has cut its target price for KEI Industries by 11% to Rs 6,150, citing concerns over UltraTech Cement’s entry into wires and cables. The