For Q3, KNRC reported strong set of numbers with margins (around 22.3 percent) surprising positively, led by healthy execution from the irrigation sector.
The government consistently focuses on development of smart cities across country, especially since they came in to power in 2014.
Rusmik Oza said a 5-6 percent correction from the peak levels could be a healthy one for the long-term market sentiment.
As market was testing new highs, emergence of geopolitical tensions could force people to book profits, said experts
HDFC Securities selected stocks across major sectors financials, consumer, pharma, industrials, oil, automobile, cement and technology.
Prabhudas Lilladher prefers companies with low debt, good corporate governance, lean working capital cycle and 2-3 years of revenue visibility (order book).
PNC's consolidated profit in first half of FY20 increased sharply by 129 percent year-on-year to Rs 392 crore on revenue of Rs 2,866 crore which grew by 75 percent YoY.
A lot of stocks have shown double digit growth in the last few sessions but it is never too late to invest, provided it is done after a thorough research.
On the downside 11,600 continues to act as a major support zone, also the lower end of the trading range with 11,765 acts as immediate support
Experts now feel that it is better to stay put in the market and remain stock-specific than focusing on the index
It is advisable to take some profit off the table at the current juncture in the mid and small-caps and wait for a decent throwback to renter at lower levels.
The risks to portfolio would be geopolitical tension and global recession (as there are expectations of economy slowdown in US and Europe), Edelweiss said.
Elara said NBFCs are expected to bear the brunt of tightening liquidity, down 18.6 percent YoY, whereas banks would benefit, up 69 percent YoY, due to improving credit deposit ratios and improvement in pricing power, given the stress in the NBFC space.
We recommend buying KNR Construction for the upside target of Rs 205, and keep a stop loss below Rs 178, says Nandish Shah of HDFC Securities.
Rajesh Agarwal of AUM Capital suggests buying Aptech with a stoploss of Rs 153 and target of Rs 170.
This setup indicates that bears seem to have lost the dominance gradually and there could be a chance of a trend reversal for the short-term.
Experts expect the rally to continue going forward, but volatility may increase as we are moving closer to state and general elections
As per the option data, in Nifty immediate support is seen around 10,200 levels whereas 10,500 will act as a hurdle in April expiry.
"Positional traders can buy the stock around current level and add on dips around Rs 305-307 with a stop loss below Rs 291 (closing) for the target of Rs 350 and return of 12.18 percent," says Abhishek Mondal of Guiness Securities.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 10 points or 0.1 percent. Nifty futures were trading around 10,436-level on the Singaporean Exchange.
Trends on SGX Nifty indicate a flat opening for the broader index in India, a marginal rise of 1 point or 0.01 percent. Nifty futures were trading around 10,394-level on the Singaporean Exchange.
Nifty could find resistance in the range of 10,430-10,480. However, the level of 10,200 is expected to act a strong support. Stock specific bullishness will continue to be there.
The consolidation is likely to continue for next 3-4 months. In fact, the entire calendar year is expected to be tough.
Gaurang Shah of Geojit Financial Services is of the view that one may pick KNR Constructions.
Credit Suisse has upgraded Aurobindo to Outperform from Neutral rating with a target price at Rs 750 per share as the stock is attractive for low valuations at 13x FY19 EPS.