According to Kotak Institutional Equitie , companies under its universe may see 0-18 percent earnings growth in the current financial year.
Going ahead, there is a fair chance of markets attracting buying interest near the aforementioned mark 10,500, because in the past the zone of 10,800–10,500 was a demand zone for the Nifty.
The global investment bank expects a growth in sales for consumer companies from 4QFY20E partly driven by softer comps
The licensee of Jockey International and Speedo in India reported profit at Rs 75 crore in March quarter against 94 crore in the same period last year. The management attributed weak performance to a slowdown
Aditya Agarwal of Way2Wealth Securities says the Nifty can test 11,760-11,800 if it crosses the resistance placed near 11,620 levels
Elara Capital expects a revival in midcaps riding on price and valuation comfort based on historical trends, strong flows from FPIs and DIIs and strong earnings revival
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 YES Bank with a stop loss of Rs 208, target of Rs 224, Reliance Industries with a stop loss of Rs 1235, target of Rs 1285 and Rural Electrification Corporation with a stop loss of Rs 118, target of Rs 130.
The stock can be bought at current levels and on dips to Rs 25,000 with a stop loss below Rs 24,400 and a target of Rs 27,300.
Investors can also look for quality NBFC companies like L&T Finance Holdings and Bajaj Finance, which are still available at reasonable valuations
Mitessh Thakkar of mitesshthakkar.com suggests buying Reliance Industries around Rs 1145 with stop loss of Rs 1130 for target of Rs 1180 and Apollo Hospitals around Rs 1215 with stop loss of Rs 1199 and target of Rs 1255.
Volatility index (India VIX) was up 3.2 percent this week. The BSE largecap index rose 0.69 percent, midcap gained 0.36 percent, while smallcap was down 1.27 percent
Sudarshan Sukhani of s2analytics.com suggests buying Eicher Motors with stop loss at Rs 22000 and target of Rs 23400, HDFC Bank with stop loss at Rs 1940 and target of Rs 1980 and State Bank of India with stop loss at Rs 285 and target of Rs 315.
Prakash Gaba of prakashgaba.com suggests buying Ajanta Pharma with target at Rs 1100 and stop loss at Rs 1020, Apollo Tyres with target at Rs 225 and stop loss at Rs 205 and State Bank of India with target at Rs 290 and stop loss at Rs 270.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can sell Container Corporation of India with a stop loss of Rs 613 and target of Rs 573 and buy Aurobindo Pharma with a stop loss of Rs 722 and target of Rs 760.
Sudarshan Sukhani of s2analytics.com suggests buying ACC with stop loss at Rs 1505 and target of Rs 1580 and HCL Technologies with stop loss at Rs 1070 and target of Rs 1100.
The stock can be bought at the current level and on dips towards Rs 33,000 with a stop loss below Rs 31,500 and a target of Rs 36,500, says Ashish Chaturmohta of Sanctum Wealth Management.
On the downside, 200-day moving average which stands at 10,774 levels and 61.8 percent retracement of rise 9,952-11,760 that is around 10,642 will act as next support, says Ashish Chaturmohta of Sanctum Wealth Management.
Rajiv Trust (promoter) bought 25,639 shares of Bajaj Holdings & Investment through market purchase on July 30, 2018 while Rajpal Singh Kochhar (promoter) bought 1,200 shares of Jagsonpal Pharmaceuticals through market purchase on July 30, 2018.
World Crest Advisors LLP bought 44,62,38,855 shares of Dish TV India through market purchase on July 24, 2018 while Hindustan Times bought 1,41,000 shares of Chambal Fertilisers & Chemicals through market purchase on July 27, 2018 and Eriez Industries Pvt.Ltd. bought 40,086 shares of 20 Microns Ltd through market purchase on July 27, 2018.
It can be bought at current levels and on dips to Rs 28300 with a stop loss below Rs 27500 for a target of Rs 30300 levels.
Ashish Chaturmohta of Sanctum Wealth Management said if the Nifty sustains above 11,080 levels, one can expect the index to test its all-time high of 11,172 and then 11,230 levels
For a short to medium term perspective, Thursday high of 11,078 will act as an immediate hurdle above which index is likely to test its all-time high of 11,171.55.
Mitessh Thakkar of mitesshthakkar.com recommends buying Page industries with a stop loss of Rs 24900 and target of Rs 27000 and Marico around Rs 335 with stop loss of Rs 327 and target of Rs 351.
On the upside, the market needs to cross and sustain above 10,765 on a tradable basis for the uptrend to resume, says Ashish Chaturmohta of Sanctum Wealth Management