The board of directors has declared an interim dividend for 2018 at Rs 20 per equity share of face value Rs 10 amounting to Rs 192.83 crore, which will be paid on and from June 1, 2018.
Nifty is likely to consolidate within the broader trading band of 10,750 to 10,880, says Jaydeb Dey, Technical Analyst at Stewart & Mackertich Wealth Management.
The index on Friday closed above its 61.80-percent retracement and is now heading towards 10,910, which may act as a near-term hurdle.
As many as 15 midcaps rose by 50 percent to 136 percent in the last one-year. These include: Jindal Steel & Power, L&T Infotech, Ashok Leyland, Tata Global Beverages, Divi’s Laboratories, 3M India, Biocon, Mphasis, Page Industries, Future Retail and Gruh Finance.
A sneak peek into what mutual fund managers are doing could give you some stock-specific ideas that have already returned spectacularly in the last year or so.
The earnings beat ratio stood at 53 percent, while relative stock performance, which is the proportion of Morgan Stanley coverage stocks that outperformed the Sensex a day before and after the results, stood at 58 percent.
High beta and momentum have been winning strategies over the past 12 months, but going forward investors will be better off betting on stocks where growth is available at reasonable valuations.
Some experts feel that the upcoming Karnataka elections will also play a crucial role in charting the market’s direction at least in the near-term. The recommend using any election-induced dips to buy quality stocks.
"Dabur has efficiently managed the risks and challenges to deliver steady growth and report a steady margin performance. We have a buy with target of Rs 425 per share," says Sumit Bilgaiyan, Founder of Equity99.
Of the 20 stocks in his portfolio, Kacholia increased his stake in five companies namely Butterfly Gandhimathi Appliances, Nocil, Ester Industries, Vishnu Chemicals and Poly Medicure.
"We are very disappointed with Axis Bank's Q4FY18 results. Although it looks cheap on the valuation front as compared to other private sector peers but we would certainly avoid this counter," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
According to Edelweiss Securities, I-RoCE is more crucial than reported RoCE as it better reflects the management’s fresh capital allocation decisions and forms the crux of the efficiency test.
The BankNifty underperformed the benchmark indices in the month gone by and formed a good amount of mixed positions. Rollovers in banking index stood at 82.59 percent which is much higher than its 3-month average rollovers of 70.51 percent.
Total income of Wipro slipped marginally 0.05% on a sequential basis to Rs 14,304.60 crore, whereas the figures fell 4.92% on a YoY basis.
The value of a stock is the future dividends discounted by the expected returns. Valuation, on the other hand, is just the price of a security expressed as a ratio.
Despite benchmark indices ending the week with marginal gains, there were plenty of stocks that rose by up to 20 percent in the same period.
The brokerage has initiated coverage on the stock and sees a 26 percent upside from its current levels, implying that it would offset all losses made so far.
"Given the strong outlook on defence and space sector, increasing product basket and high barriers to entry, Midhani provides good long‐term opportunity with attractive valuations. We have a buy rating on Mishra Dhatu with target of Rs 160," says Sumit Bilgaiyan, Founder of Equity99.
"It would be prudent for investors to avoid this sector as of now and wait for onset of monsoons and Q1FY19 result. Just playing on the predictions of monsoons would be a risky option for traders," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
Most analysts remains mixed about their outlook on the stock after the company's Q4 results, but see an upside of up to 6-11 percent from the current levels.
The stock in focus here is Symphony, which has had a stellar run in the last one year, gaining around 23 percent.
"Result season is on the card and Open Interest has a very high congestion around at the money which generally pushes the market into an oscillation and below are two strategies to help you generate returns in an oscillating market," says Shubham Agarwal, CEO & Head of Research at Quantsapp Private Limited.
"We advocate traders to buy this stock in the range of Rs 3725 – 3700 with a price target of Rs 4000. A stop loss should be placed below Rs 3600," says Aditya Agarwal, Head Technical Research at Way2Wealth Brokers Pvt. Ltd.
"The daily ‘higher top higher bottom’ formation is intact and indicates that the primary trend is on the upside. Therefore, we recommend traders to accumulate this stock in the range of Rs 912 to Rs 903 with a price target of Rs 1000 and a stop loss placed below Rs 860," says Aditya Agarwal, Head Technical Research at Way2Wealth Brokers Pvt. Ltd.
"We are not comfortable on the valuation front (P/BV of 4.3x) but expect a strong performance in Q4FY18. Poor monsoons can spoil the party as this company is a proxy for India’s rural story," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.