JP Morgan in a note said that Mindtree deal signifies company’s (L&T) serious intent to become larger and more credible in the IT services business, and the immediate outcome for Mindtree shareholders is positive.
The global investment bank expects returns to be driven largely by earnings with potential valuation overshoot in the near-term.
Market is expected to remain marginally positive on account of steady inflow by foreign investors coupled with strong inflow from domestic investor through mutual fund on tax purpose.
Morgan Stanley, which expects the Sensex at 42,000 by December 2019, said the market could start pricing in a stronger election outcome in the coming weeks causing the Nifty to break its four-month range to the upside.
Mitessh Thakkar of mitesshthakkar.com recommends buying ITC around Rs 288 with stop loss of Rs 284 and target of Rs 296 and Larsen & Toubro around Rs 1340 - 1345 with stop loss of Rs 1325 and target of Rs 1390.
Sudarshan Sukhani of s2analytics.com recommends buying Buy HCL Tech with stop loss at Rs 1050 and target of Rs 1070, Larsen & Toubro with stop loss at Rs 1265 and target of Rs 1290 and Reliance Industries with stop loss at Rs 1220 and target of Rs 1255.
Ashwani Gujral of ashwanigujral.com recommends buying Sun TV Network with a stop loss of Rs 550, target of Rs 575 and Power Finance Corporation with a stop loss of Rs 104, target of Rs 116.
Despite the expected volatility, here are top 10 stocks where analysts initiated coverage with a buy rating in February
We have incorporated the latest numbers to our models for the company and continue to remain positive for the company.
Mitessh Thakkar of mitesshthakkar.com recommends buying Britannia Industries with stop loss of Rs 3204 and target of Rs 3350 and Divis Labs above Rs 1540 with stop loss of Rs 1524 and target of Rs 1575.
On the daily chart, the stock has closed below 200-Day Moving Average and momentum indicators are trading in a bearish zone. It suggests bears are likely to have upper hand in coming days and traders can sell for a short-term gain.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy Biocon with a stop loss of Rs 629 and target of Rs 670 and sell IndusInd Bank around Rs 1525 with stop loss of Rs 1550 and target of Rs 1480.
Irrespective of global or political set up on the domestic front, long-term investors should focus on stocks which can give earnings visibility, and have a high margin of safety with high corporate governance standards.
Mayuresh Joshi of Angel Broking said the year 2019 will largely be a year of stock-specific stories.
Ashwani Gujral of ashwanigujral.com recommends buying Siemens with a stop loss of Rs 1020, target of Rs 1075, Can Fin Homes with a stop loss of Rs 284, target of Rs 298 and Bajaj Finserv with a stop loss of Rs 6400, target of Rs 6550.
Mitessh Thakkar of mitesshthakkar.com advises buying CESC with a target Rs 750.
Credit Suisse prefers investment-related stocks (due to likely continuity in public capex growth) over consumption-focussed stocks for India in 2019.
Rajat Bose of rajatkbose.com recommends buying Cadila Healthcare with stop loss below Rs 350.80 for target of Rs 356.90 and Colgate Palmolive with stop loss below Rs 1259.90 for targets of Rs 1299 and Rs 1308.
Investec sees L&T as an excellent play on government capex pick-up.
The stock can be bought at current levels and on dips towards 1395 with a stop loss below Rs 1360 and a target of Rs 1600 levels, says Ashish Chaturmohta of Sanctum Wealth Management.
Globally almost all the markets like commodity, currency, bond and equity have been very volatile in the last two-three months. Some of this volatility is still continuing in the developed equity markets
MOSL’s FY19/20 Nifty EPS estimates have been cut by 4.4/2.9% to Rs 515/655 v/s Rs 539/674 earlier
The stock can be bought at the current level and on dips to Rs 1,390 with a stop loss below Rs 1,360 for a target of Rs 1,600, says Ashish Chaturmohta of Sanctum Wealth Management.
Further rise in VIX is likely cap the gains in markets and trade in a range. VIX needs to move lower for market to move higher, says Ashish Chaturmohta of Sanctum Wealth Management.
Ashwani Gujral of ashwanigujral.com suggests buying Ceat with a stop loss of Rs 1240, target of Rs 1285, ICICI Bank with a stop loss of Rs 355, target of Rs 372 and Larsen & Toubro with a stop loss of Rs 1375, target of Rs 1430.