While retaining reduce call with a target price of Rs 135, Yes Securities said it cut FY21/22 earnings estimates by 88/44 percent due to sharp adjustments to loan growth, fee growth and credit cost.
Ashwani Gujral of ashwanigujral.com recommends buying Chambal Fertilizers with a stop loss of Rs 175, target of Rs 190 and Muthoot Finance with a stop loss of Rs 768, target of Rs 790.
Rajat Bose of rajatkbose.com recommends buying Ashok Leyland with stop loss below Rs 80.75 for target of Rs 90 and Aditya Birla Capital with stop loss below Rs 103.30 for target of Rs 112 and Rs 114.
The brokerage has an underweight rating on the stock with a target price of Rs 240 per share, implying 28.4% potential downside from current levels.
Mitesh Thakkar of miteshthakkar.com recommends buying BPCL with a stop loss of Rs 533 for target of Rs 570 and NCC with a stop loss of Rs 59 for target of Rs 65.
Mitessh Thakkar of mitesshthakkar.com recommends selling Hero MotoCorp with a stoploss of Rs 2,620 and target of Rs 2,530-2,589.10 and advises buying Reliance Industries with a stoploss of Rs 1,458 and target of Rs 1,500-1,472.30.
Dinesh Thakkar of Angel Broking said though MF inflows this year have slowed down, he was very confident that MF inflows will pick up from here on as market sentiment improves
Despite the big names disappointing traders, there are stocks that have encouraged brokerages to raise target price on them
Most experts feel the government could focus more on infrastructure and rural spending, which are key areas to bring growth back on track
Bank Nifty is trading below 20-day SMA, which is an important short term moving average, indicating negative bias in the short to medium term
We do not expect a broad based rally (as witnessed in 2017) but select companies with improved financial performance, strong growth prospects, and sound management would outperform, Jayant Manglik said
Atish Matlawala of SSJ Finance & Securities said that rate cut will benefit banks as they will be able to bring down the cost of funds and pass on the benefit to the borrowers
We expect volatility to remain high this week too due to scheduled derivatives expiry on Thursday.
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
Rajat Bose of rajatkbose.com recommends buying Hindustan Unilever with stop loss below Rs 1727 for targets of Rs 1755 and Rs 1773 and Maruti Suzuki with stop loss below Rs 7424 for target of Rs 7520.
Ashwani Gujral of ashwanigujral.com recommends buying RBL Bank with a stop loss of Rs 670, target of Rs 692 and Amara Raja Batteries with a stop loss of Rs 678, target of Rs 700.
If the voters vote for a stable government then we expect reform momentum to continue which would further support earnings growth.
If 11,785 trade on a higher side decisively then we can expect the uptrend to resume once again till 12,000 levels, which is a short term target as per Fibonacci projection.
In the current scenario where NBFCs are facing tight liquidity conditions, banks are expected to see much higher credit growth by gaining significant market share in the home loans, PVs, CVs and 2 wheeler portfolios.
Failure to sustain above 11050 may induce a bigger correction in the market. Whereas on the higher end sustained trades above 11500 may negate the short term weakness and the Nifty may start moving up once again.
Mitessh Thakkar of mitesshthakkar.com recommends buying Interglobe Aviation with a stop loss of Rs 1204 and target of Rs 1270, Jubilat Foodworks around Rs 1320 with stop loss of Rs 1299 and target of Rs 1365 and Reliance Industries with a stop loss of Rs 1246 and target of Rs 1300.
Ashwani Gujral of ashwanigujral.com recommends buying RBL Bank with a stop loss of Rs 588, target of Rs 610, Kotak Mahindra Bank with a stop loss of Rs 1260, target of Rs 1295 and HDFC Bank with a stop loss of Rs 2080, target of Rs 2140.
Traders can take a short position into the stock within a range of Rs 555-560 for the downside target of Rs 525 levels with stop loss above Rs 580.
Ashwani Gujral of ashwanigujral.com recommends buying Bharti Infratel with a stop loss of Rs 293, target of Rs 307, NIIT Tech with a stop loss of Rs 1295, target of Rs 1340 and Mindtree with a stop loss of Rs 897, target of Rs 920.
We expect the volatility to increase further as more companies are likely to come out with quarterly results.