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There are expectations that railways will get higher allocation as the COVID-19 pandemic dealt a severe blow to the sector's revenue in the current financial year.
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Gaurav Garg of CapitalVia feels the LTC and reintroducing of Special Festival advance scheme for government employees are expected to boost the consumer demand by additional Rs 36,000 crore.
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Nifty registered a new lifetime high of 12,389 during the week and has been trading with a gain of around 0.81 percent.
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Prabhudas Lilladher prefers companies with low debt, good corporate governance, lean working capital cycle and 2-3 years of revenue visibility (order book).
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Thunuguntla said stocks in non-banking sectors have been languishing that reflects the impact of a slow economy
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With challenges on the macro front and increasing political headwinds faced by the BJP heading into the 2019 general elections, Prabhudas Lilladher believes traders are likely to remain cautious
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Prabhudas Lilladher expects the Nifty to trade in a range of 9,640-10,500 in the near term.
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Federal Bank, Delta and Info Edge, among others, are on the radar of investors on Tuesday.
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According to Sharmila Joshi of sharmilajoshi.com, one may exit MBL Infrastructures.
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Chandan Taparia of Motilal Oswal Securities recommends buying Tata Steel, Can Fin Homes and Larsen & Toubro.
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Ashwani Gujral of ashwanigujral.com has a buy on Titan Company with a stop loss of Rs 820, target of Rs 855 and DLF with a stop loss of Rs 224, target of Rs 238.
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Ashwani Gujral of ashwanigujral.com recommends buying Simplex Infra, Sadbhav Engineering, UPL, Wockhardt, Bajaj Auto and Timken India.
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Prakash Gaba of prakashgaba.com is of the view that one can buy Sadbhav Engineering and Suven Life Sciences.
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The breakout area of last three-month consolidation and 38.2% retracement of current up move placed around 10170 to act as strong support in the present scenario, says Dharmesh Shah of ICICI Direct.com Research.
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Ashwani Gujral of ashwanigujral.com recommends buying Larsen & Toubro, HCC, NCC, Bharat Forge, Simplex Infra and Sadbhav Engineering.
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FIIs were net sellers in August as they sold more than Rs 10,000 crore worth of shares on global weakness, which dented market sentiment.
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Biocon, Apollo Hospitals and Bharti Infratel, among others are being tracked by investors on Thursday.
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CLSA has retained its buy call on L&T, IRB Infrastructure, J Kumar Infraprojects and Sadbhav Engineering as government's initiatives will improve infra liquidity via InvIT showing results.
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CLSA has downgraded HPCL to sell from outperform, with increased target price at Rs 540 from Rs 480 and EPS for FY17 by 8 percent & by 1-2 percent for FY18-19. Core refining margin was disappointing for third straight quarter, the brokerage house says, adding it relaxed EV/EBITDA multiple to 7.5x from 7x earlier.
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Credit Suisse stays outperform rating on L&T and Sadbhav Engineering. It has outperform rating on L&T on pick-up in domestic execution, strong earnings growth.
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Nomura has a buy ratings on Dr Reddy‘s, Glenmark, Alkem, Cadila and Jubilant Life. It says Teva‘s 2017 guidanceis lower than what was presented in 2016-2020 prelim outlook and implies a shortfall of USD 1.5-2 billion in EBITDA. Teva expects mid-single digit price erosion in the base US business.
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Sharmila Joshi of sharmilajoshi.com is of the view that one may prefer infrastructure stocks.
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JP Morgan has a neutral call on HUL with target at Rs 890 per share as volume growth rates will likely bottom in FY17. It says gradual recovery should be in place starting FY18.
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Ambareesh Baliga, Independent Market Expert is of the view that one may pick Sadbhav Engineering at lower levels.
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Prakash Diwan of Altamount Capital Management recommends EPC Industries as it is a leader in the agronomy business.
