During the trading session on Monday, January 1, Sensex closed 32 points, or 0.04 per cent, higher at 72,271.94, while Nifty 50 settled at 21,741.90, up 11 points, or 0.05 per cent. The BSE Midcap index hit its fresh all-time high of 37,171.97 while the BSE smallcap index touched itsRead More →
The Indian stock market indices, Sensex and Nifty 50, were trading flat on Wednesday tracking weak cues from global peers. The resilience of the Indian economy, improving macros and the ongoing September quarter corporate earnings are supporting the domestic market amid global geopolitical concerns. Analysts believe market weakness can beRead More →
For the month of September, Nifty 50 gained 2% while the Sensex rose 1.5%. The BSE Smallcap index also rose about a percent, while the BSE Midcap index jumped 3.7% in September. HDFC Securities Retail Research has come out with a list of its fundamental picks for a time horizonRead More →
Brokerage BNP Paribas thinks sector valuations look reasonable with FY25E EV/EBITDA averaging 12x for Pharma firms, 18x for Hospital firms and 21x for Diagnostics firms. Its detailed valuation workings for Diagnostics companies show that valuations are attractive now. “We believe the Indian Healthcare is on a long-term structural growth path.Read More →
Healthy demand is leading to improving profitability for realty developers as approx 35% cash operating surplus during 9mFY23 compared with 31% during FY22, as per brokerage and research firm Edelweiss. “With improving cash flows (cash flow generation improving), realty developers have brought down debt levels, enabling them to save onRead More →
The 25% year-on-year (YoY) increase in allocation towards road outlay for the current fiscal year gives new hope for growth in the road space in FY24, said brokerage and research firm Nuvama Research, adding that companies with healthy balance sheets such as PNC Infratech and KNR Constructions remain its topRead More →
Morgan Stanley made a preference for the broad market and stock picking over large caps and macro investing amid India’s relative valuations implying that its recent underperformance may continue for a few more weeks, said the brokerage. Among the most important catalysts are the market’s view on the 2024 generalRead More →
The brokerage company Prabhudas Lilladher has chosen Bajaj Finance (BAF), Cholamandalam Investment & Finance Corporation (CIF), and Manappuram Finance Ltd (MGFL) as its top picks in the NBFC industry. For Bajaj Finance, the brokerage has given a target price of ₹8,953, for Cholamandalam Investment & Finance Corporation, the brokerage hasRead More →
Sharing its top picks for the new year 2023, domestic brokerage and research firm HDFC Securities has suggested ten stocks that investors can look to buy. Its top recommendations include SBI, PFC, Zensar Tech, RCF, ACC, Bharat Forge, Chennai Petroleum, IOC, L&T and PNC Infratech. HDFC Securities’ top stock picksRead More →
