Only 15 of nearly 30 companies in Jhunjhunwala’s portfolio released their shareholding data for the quarter-ended June till now. Of the 14 companies, only two have delivered positive returns.
Global brokerage house Citi expects double digit growth for current financial year (FY19) but with some downgrade risks.
The reaction to the US-China trade war on equity markets was nothing short of a bloodbath. Asian markets plunged while back home Sensex and Nifty recorded a cut of over 1 percent. The rout witnessed by the Indian market on Friday has eroded Rs 1.57 crore of investor wealth.
Ashwani Gujral of ashwanigujral.com recommends selling Bank of Baroda, Oriental Bank of Commerce and JP Associates.
Stocks which led the rally on D-Street include names like Jaiprakash Associates which rose 49.82 percent, followed by MMTC which gained 47.16 percent, and Vakrangee rallied 26 percent in just five trading sessions.
Vijay Chopra of enochventures.com is of the view that one may buy Sintex Industries with a target of Rs 23.
Ashwani Gujral of ashwanigujral.com suggests buying HDFC Bank, Adani Enterprises , JP Associates, Coromandel International, Shriram Transport and Canara Bank.
Foreign institutional investors (FIIs) net investments in the month of February stood at Rs negative 12,000 crore largely on account of weak global cues and US bond yields rose to record highs which prompted global fund managers to shift some funds to bonds from equities.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Edelweiss Financial Services and can sell Adani Power and Hindalco Industries.
Ashwani Gujral of ashwanigujral.com recommends buying Jaiprakash Associates, Vedanta and United Breweries.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy JP Associates and Bata India and can sell Canara Bank, L&T Finance, Repco Home and Bank of India.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Hindustan Unilever, Mindtree and Sun Pharma and sell Jaiprakash Associates.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell JP Associates and Hexaware Technologies and can buy ONGC.
Shahina Mukadam, Independent Market Expert is of the view that one may sell L&T Finance Holdings with a target of Rs 165.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Divis Lab with a target of Rs 1165.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on the fundamentals of the market, and specific stocks and sectors.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Sun Pharma and hold GMR Infra.
Jaypee Infratech was bought by Jaypee Associates under the insolvency proceedings at the behest of IDBI Bank which was in turn ordered by the Reserve Bank of India (RBI) to take action.
Ashwani Gujral of ashwanigujral.com suggests buying Sobha, Interglobe Aviation, Jaiprakash Associates and Bajaj Auto.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Mahindra & Mahindra Financial Services, PFC, Yes Bank and TVS Motor and can sell IDFC Bank and Jaiprakash Associates.
Ashwani Gujral of ashwanigujral.com recommends buying State Bank of India with a target of Rs 340, Bank of India with a target of Rs 200 and National Aluminium Company with a target of Rs 93.
Ashwani Gujral of ashwanigujral.com recommends buying Chambal Fertilizers, Jaiprakash Associates and Hindustan Copper.
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.
On the BSE Index, over 100 stocks hit fresh 52-week high including names like Bata India, TVS Motor Company, Dabur India, Deepak Fertilizers, Kolte Patil Developers and Chambal Fertilizers.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy ACC, IndusInd Bank and Just Dial and can hold Jaiprakash Associates while one can sell BHEL.