2024 top stock picks: IIFL lists Axis Bank, BPCL, Bajaj Finance, Nykaa among ‘buys’; TVS Motor among ‘sells’

In a recent note, brokerage house IIFL Securities forecasted that it expects 1) Indian GDP growth sustaining at 6%+, 2) globally declining inflation and yields, but 3) weakening global growth thanks to monetary tightening over the last 2 years causing commodities price softness. While monetary easing normally suggests commodities buoyancy,Read More →

Market decline in October left you worried? Axis Securities suggests this strategy now

Also, all sectoral indices closed on a negative note except the realty index. Going ahead, brokerage house Axis Securities believes that macroeconomic developments will continue to drive the market fundamentals in the near term. The critical near-term monitorables will be a) The outcome of the upcoming FOMC meeting, b) TheRead More →

Mid-caps, small-caps soar despite no material change in fundamentals, says Kotak

Many mid and small-cap stocks have witnessed a steep rise in the last six months which seems disconnected from the fundamental factors. Instead, it appears to be driven by investor irrationality, fueled by recent high returns rather than improved company fundamentals, said brokerage firm Kotak Institutional Equities in a reportRead More →