Valuations seem stretched, but lower-than-expected growth momentum in future could give investors some room to identify price corrections before clicking the ‘Buy’ button.
The rally was broad based and more than 70 stocks hit a fresh 52-week high on the NSE which include names like Britannia Industries, RIL, Heritage Foods, Birla Corp, Rushil Décor, Tata Investments, Repro India, Hindalco etc. among others.
Important key points in earnings to watch out for would be its revenue growth, same-store-sales growth and margin.
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy, and Anuj Singhal, Basant Maheshwari, Author & Independent Market Expert shared his readings and outlook on specific stocks and sectors.
The scrip of newly-listed firm gained 3.33 percent to end at Rs 775.50 on BSE. During the day, it soared 7.5 percent to Rs 806.80.
Bangalore-based Flipkart has been valued at a whopping $11.6 billion or nearly Rs 74,800 crore – more than the market capitalisation of all the listed retail companies on the NSE
India saw a promising start to the IPO activity in the first quarter despite global political uncertainty.
JP Morgan has initiated coverage on the stock with a neutral rating and CRISIL upgraded rating on bank facilities
In an interview to CNBC-TV18’s Latha Venkatesh, Sonia Shenoy, and Anuj Singhal, Deven Choksey of KRChoksey Investment Managers shared his readings and outlook on market and specific stocks.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Avenue Supermarts , Ceat, Bajaj Finance, Mahindra and Mahindra Financial Services and TV Today.
HDFC has been simply the most consistent performer over a long period of time and it has scaled to be able to grasp various opportunities, said Jonathan Schiessl of Ashburton.
In an interview to Prashant Nair and Ekta Batra, Rahul Arora of Nirmal Bang Institutional Equities shared his views on the fundamentals of the market and the outlook going forward. He also spoke about specific stocks and sectors.
Bengaluru-based retailer Shankara Building Products on Tuesday raised Rs 103.5 crore from anchor investors.
Despite being the poster boy of organized retail, Future Retail’s operational efficiency is nowhere close to that of D-Mart’s.
D-Mart’s dream listing on Tuesday has prompted many enthusiasts to take its name in the same breath as Walmart.
Damani is modest and wise person, he does not live in a fantasy, said Bhanshali.
The stock gave investors double the amount invested based on issue price of Rs 299.
I am not saying that D-Mart is not a good stock but not at a price above Rs 600 and those who want to buy it with a long-term view, I would advise them to look at a level around Rs 550, said SP Tulsian.
Investors remained sideways due to lack of global and domestic cues. D-Mart hogged the limelight, rising more than 114 percent on listing day.
Ashwani Gujral of ashwanigujral.com is of the view that Avenue Supermarts is a decent buy even at the current level.
Avenue Supermarts' market capitalisation crossed more than Rs 40,000 crore. Even traded turnover on both exchanges was more than Rs 5,000 crore.
Apart from listing of small cap company Max Alert Systems (issue size of Rs 8 crore), D-Mart is only one that has listed at a premium of over 100 percent.
Investors who have been allotted Avenue Supermarts shares can look at booking partial profits. The floor price for the stock could be somewhere around Rs 450-500.
SP Tulsian suggests investors to stay cautious and advises long-term investors to buy the stock at Rs 500-515 with a view of one year.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today -- Divis Laboratories, Idea Cellular, Dr Reddys Laboratories, C&C Construction, IL&FS Engineering, and Avenue Supermarts (D-Mart).