Trends on SGX Nifty indicate a positive opening for the broader indices in India, a gain of 25 points or 0.23 percent. Nifty futures were trading around 11,079-level on the Singaporean Exchange.
The Nifty continues to remain in an uptrend in the medium term, so buying on dips continues to be our preferred strategy.
Mitessh Thakkar of mitesshthakkar.com recommends buying Apollo Hospitals with a stop loss of Rs 1338 and target of Rs 1400, Bharat Heavy Electricals with a stop loss below Rs 71.8 for target of Rs 77 and Hindustan Unilever with a stop loss of Rs 1774 and target of Rs 1810.
Prakash Gaba of prakashgaba.com advises buying HUL with target at Rs 1810 and stop loss at Rs 1765
We believe M&M Financial is well established in hinterland to reap positive benefits in medium term. Thus, we initiate our coverage on the stock with buy rating and a target price of Rs 609 per share.
Early trends put NDA in a comfortable position to form the government that has, to an extent, already been factored by the market after exit polls
If the market sustains above 11,750 on April 25, we may see the index moving into a new high zone in the short term.
Ashwani Gujral of ashwanigujral.com recommends buying Tata Consultancy Services with a stop loss of Rs 2050, target of Rs 2150, DCB Bank with a stop loss of Rs 203, target of Rs 217 and Havells India with a stop loss of Rs 755, target of Rs 780.
Sudarshan Sukhani of s2analytics.com recommends buying IndusInd Bank with stop loss at Rs 1698 and target of Rs 1748, Titan Company with stop loss at Rs 1100 and target of Rs 1136 and Siemens with stop loss at Rs 1042 and target of Rs 1080.
Jagannadham believes buying will sustain in quality mid-caps and small-caps.
Sudarshan Sukhani of s2analytics.com recommends buying Hindustan Unilever with stop loss at Rs 1700 and target of Rs 1735, Dabur India with stop loss at Rs 436 and target of Rs 448 and DCB Bank with stop loss at Rs 195 and target of Rs 204.
Sudarshan Sukhani of s2analytics.com recommends buying Bata India with stop loss at Rs 1240 and target of Rs 1290, IndusInd Bank with stop loss at Rs 1500 and target of Rs 1530 and UPL with stop loss at Rs 805 and target of Rs 840.
Sudarshan Sukhani of s2analytics.com recommends selling Repco Home Finance with stop loss at Rs 390 and target of Rs 370, Mahindra & Mahindra with stop loss at Rs 695 and target of Rs 665 and JSW Steel with stop loss at Rs 269 and target of Rs 258.
Mitessh Thakkar of mitesshthakkar.com recommends buying Dabur India with a stop loss below Rs 453 for target of Rs 474, Bharti Infratel with a stop loss of Rs 298 and target of Rs 322 and ONGC with a stop loss of Rs 145 and target of Rs 155.
Ashwani Gujral of ashwanigujral.com recommends buying V Guard Industries with a stop loss of Rs 230, target of Rs 242, Bata India with a stop loss of Rs 1120, target of Rs 1155 and PVR with a stop loss of Rs 1570, target of Rs 1610.
Brent crude futures, the international benchmark for oil prices, have slipped around 30 percent since early October to trade around $60 a barrel from around $86 a barrel
Morgan Stanley said in its view, the existence of the NBFC/HFC business model is not under threat as these companies lend to diverse sections of the economy.
The stock is trading at P/E of just 19.8x. It has paid 200 percent dividend for FY18. We are recommending a buy in staggered manner for medium to long term, says Sumit Bilgaiyan of Equity99.
Sumit Bilgaiyan of Equity99 strongly believes that this Diwali will be 'discount wali' but the next one will be 'dhamake wali hogi'
Sudarshan Sukhani of s2analytics.com suggests buying Bata India with stop loss at Rs 860 and target of Rs 920, Dabur India with stop loss at Rs 400 and target of Rs 420 and Voltas with stop loss at Rs 520 and target of Rs 544.
Prakash Gaba of prakashgaba.com advises buying NIIT Tech with a stoploss of Rs 1150 and target of Rs 1250.
The recent fall is an opportunity to add quality stocks in portfolio which are expected to give smart return over a period of 12-18 months, experts said.
Experts say valuation, migration from NBFCs could work in favour of banks, but don’t ignore NBFCs just yet
Tight liquidity conditions combined with specific credit issues (IL&FS) led to a big reset for NBFCs as well as housing finance companies (HFCs).
Experts feel that the pain in NBFC stocks are likely to continue in the near term and any corrections in some of the stocks are a golden opportunity to buy.