Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Vedanta and sell Asian Paints.
"A short-term bottom in place around a recent low of 10,276 levels. As the market has moved in a range bound manner in the current week between 10,637 – 10,398, traders should focus for breach of these levels and the move outside this range can be swift in the direction of the breakout," says Mazhar Mohammad Chief Strategist – Technical Research & Trading Advisory, Chartviewindia.in.
Prakash Gaba of prakashgaba.com is of the view that one can buy Asian Paints and Indian Bank.
Ashwani Gujral of ashwanigujral.com recommends buying Bombay Burmah, Karnataka Bank and Radico Khaitan.
Ashwani Gujral of ashwanigujral.com recommends buying Asian Paints, Britannia Industries and Sobha.
Ashwani Gujral of ashwanigujral.com recommends buying Ashok Leyland with a stop loss of Rs 128 and target of Rs 142, a buy on NIIT Tech with a stop loss of Rs 830, target of Rs 860 and a sell on Bank of India with a stop loss of Rs 145, target of Rs 132.
Geojit Financial Services is bullish on Asian Paints has recommended buy rating on the stock with a target price of Rs 1283 in its research report dated January 24, 2018.
ICICI Direct recommended hold rating on Asian Paints with a target price of Rs 1240 in its research report dated January 24, 2018.
Prabhudas Lilladher recommended accumulate rating on Asian Paints with a target price of Rs 1278 in its research report dated January 23, 2018.
Nerolac posted ~20 percent volume growth in Q2 and ~15 percent in Q3 FY18 in the decorative segment, while Asian Paints has been struggling with 6-8 percent growth in the segment for last two quarters.
Gaurav Bissa of LKP Securities is of the view that one can buy Hindustan Zinc and Federal Bank and can sell Asian Paints.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Bharat Forge, Infosys, M&M Financial Services, Marico and Asian Paints and can sell Dalmia Bharat.
Total income during the quarter under review stood at Rs 4,317.15 crore as against Rs 4,315.31 crore in the October-December period last fiscal.
Volume growth, which is expected to be around 11-12 percent for the quarter, is the most important to watch out. Also watch out for margins, commentary on demand and input costs.
Rajat Bose of rajatkbose.com suggests buying Axis Bank, Asian Paints and Just Dial..
104 stocks hit fresh 52-week high on NSE including Automotive Axles, Bajaj Electricals, Graphite India, Hexaware, Jet Airways, Jubilant Food, L&T and Zee Media among others.
Jefferies' bull case target price for the stock is at Rs 1,700; in which case, it expects volume/revenue/EPS to grow at a CAGR of 13/18/22 percent over FY18-20.
Forming a third consecutive lower high and lower low pattern, Nifty settled the session in positive territory. It also implies that selling pressure could intensify only if Nifty fails to sustain above 10,250.
ICICI Direct recommended hold rating on Asian Paints with a target price of Rs 1241 in its research report dated October 25, 2017.
Prabhudas Lilladher recommended accumulate rating on Asian Paints with a target price of Rs 1239 in its research report dated October 24, 2017.
Edelweiss is bullish on Asian Paints has recommended buy rating on the stock with a target price of Rs 1273 in its research report dated October 24, 2017.
The company said standalone profit during the quarter rose by 8.8 percent year-on-year to Rs 473.45 crore and revenue from operations increased 14.6 percent to Rs 3,602.2 crore.
Key thing to watch out for would be its domestic volume growth that is expected to be around 7-8 percent for the quarter, against 3 percent in Q1FY18 and 12 percent in Q2FY17.
The midcap Index which was again the outperformer, up 1.29 percent led by Jain Irrigation Systems and Jaiprakash Associates while Bajaj Auto, ICICI Lombard General Insurance Company, MphasiS and Vedanta were some of few stocks that hit 52-week high on the NSE.
Net Sales are expected to increase by 7.9 percent Y-o-Y (up 8 percent Q-o-Q) to Rs. 4566.7 crore, according to ICICI Securities.