The reason behind cut in price target is that earnings are expected to get impacted by lockdown due to novel coronavirus.
Above 11800, Nifty could extend the gains towards 12000. Stock specific bullish move is expected to be there in the markets.
Despite the hangover induced by the Union Budget, various brokerages initiated coverage on these 10 stocks in July and projected 17-46 percent return in near to mid-term
We can expect midcaps to perform for the coming year as midcaps are at a 10 percent discount as compared to largecaps.
Elections would continue to be on top of everyone’s mind in the short term along with corporate earnings
The Nifty Midcap and Smallcap indices rallied nearly 7 percent and 10 percent in March, and since February 19, both indices surged 11 percent and 15 percent respectively.
Now all eyes are on corporate earnings and Karnataka elections along with crude oil movement, experts suggest.
The Goods and Services (GST) Council, which met in Guwahati for a 2-day meet starting Thursday of last week, has decided to keep only 50 luxury and 'sin' goods like tobacco in the highest slab.
Consumer and light electric companies hit fresh 52-week high after the Goods and Services Tax (GST) Council on Friday decided to slash rates on more than 175 items, reducing taxes on these from the existing 28 percent.
The 2-day GST council meeting is underway and the outcome is expected on Friday.
At CMP of Rs.496, the stock is trading at PE of 20.5x its FY18E EPS & 17x its FY19E EPS. We are initiating our coverage on Finolex Cables Limited with “BUY” recommendation and target price of 640 per share
Traders might have to brace for tough days ahead of expiry on Thursday but any dips are a welcome opportunity for investors to go shopping for their favourite stocks
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Ashok Leyland, HDFC, Vedanta and Canara Bank and sell Cummins India.
Here are three stock recommendations from Anand Rathi Share & Brokers
Ujjivan Financial Services, Bharat Electronics, and Finolex Cables are on the radar of Geojit Financial Services
Mitesh Thacker of miteshthacker.com is of the view that one can buy Indraprastha Gas and Voltas and sell Divis Lab, Finolex Cables.
According to Ashwani Gujral of ashwanigujral.com, one may sell Dewan Housing Finance Corporation and HDFC Bank.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Finolex Cable and Infosys and sell DLF.
Prakash Gaba of prakashgaba.com is of the view that CCL Products may test Rs 275 while Finolex Cables may hit Rs 420.
Every sector will be impacted by the GST. CNBC-TV18 brings to you GST-based stock ideas from Pankaj Sharma of Equirus Securities and Jigar Shah of Kim End Sec India.
According to Pankaj Sharma of Equirus Securities, Exide Industries, Finolex Cables, Havells India and Britannia Industries should benefit from GST.
In an interview to CNBC-TV18, Pankaj Sharma of Equirus Securities shares his views on FMCG space and expects better volumes with Britannia Industries as a good choice.
Prakash Gaba, Technical Analyst at prakashgaba.com is of the view that Bank of India may test Rs 97 while Canara Bank may hit Rs 210.
Nooresh Merani of Asian Market Securities is of the view that one may buy Finolex Cables and Reliance Infrastructure.