Largecap and quality midcaps are a better bet at current levels. In terms of sectors, investors can look at banking, insurance, AMC companies, IT and retail-oriented stocks
Technically weak stocks which are unable to sustain above 200- or 50-DMA should be avoided, suggest experts
On the daily charts, the index is trading near its immediate support level of 11,274 (50-DMA). Any violation of this level will trigger further downside towards 11,170 and 11,075 levels.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 28 points or 0.25 percent. Nifty futures were trading around 11,349-level on the Singaporean Exchange.
In our constant endeavor to enhance portfolio performance, capture valuation arbitrage opportunity and focus on high conviction ideas, we are making few changes in our three key portfolios i.e. Diwali, Large cap and Mid cap.
Growth has been fuelled by the government’s focus on infrastructure, increase in mining activity, boost to rural sentiment from a normal monsoon and a strict ban on overloading of vehicles
Prakash Gaba of prakashgaba.com recommends buying Hindustan Unilever with target at Rs1480 and stop loss at Rs 1452 and Tata Global Beverage with target at Rs 295 and stop loss at Rs 286.
Profit for the quarter more than doubled to Rs 20.4 crore in Q2, against Rs 9.7 crore in year-ago, driven by revenue as well as operational growth.
Revenue in Q2 increased sharply by 53.5 percent to Rs 349.6 crore, from Rs 228.1 crore in corresponding quarter.
Automotive Axles is in focus on the back of strong North America class 8 truck data. In an interview to CNBC-TV18, N Muthukumar, President & Whole Time Director of Automotive Axles spoke about the same and his outlook going ahead.
Automotive Axles expects to clock a revenue of Rs 1,450 crore in FY18 and growth to remain in a single digit, says president and whole time director N Muthukumar.
BHEL | Tata Steel | ACC | Ambuja Cements | Oberoi Realty | Idea Cellular | Bharti Infratel | Titagarh Wagons | Goa Carbon | Jet Airways | United Spirits | NBCC | Marksans Pharma | Caplin Point | Tube Investments | Honeywell Automation and Gujarat Gas are stocks, which are in the news today.
In an interview to CNBC-TV18's Latha Venkatesh, Sonia Shenoy and Anuj Singhal, Prakash Diwan of Altamount Capital Management shared his reading and outlook on the market and also gave recommendations on various stocks.
In an interview to CNBC-TV18‘s Nigel D‘Souza and Reema Tendulkar, N Muthukumar, President and Whole Time Director at Automotive Axles spoke about the impact on the company if orders worth Rs 86,350 crore are awarded to local defence gear makers.
The ongoing festive season is a good time to invest in certain stocks because of the proposition they offer. G Chokkalingam of Equinomics Research Advisory spells out stock picks which could give good returns to investors.
SP Tulsian, sptulsian.com, explains why he is bullish on the atuo ancillary space. He also suggests buying Ashok Leyland for a medium term view and shares his views on stocks like Goa Carbon, Orient Cement and many others.
In an interview to CNBC-TV18 SP Tulsian of sptulsian.com shared why he does not advise going short on Bank Nifty. "I won‘t advice going short and brave traders can definitely go for buying Bank Nifty at the current level with a view of maybe next couple of days," he said.
Ashwani Gujral of ashwanigujral.com recommends buying Reliance Industries and Automotive Axle and sell IndusInd Bank.
Both NK Minda, Chairman, Minda Industries and N Muthukumar of Automotive Axles are confident of double-digit margin expansion for the companies going forward.
SP Tulsian, sptulsian.com, explains why he is bullish on Motherson Sumi. He also suggests some stocks for a medium term and talks about steel stocks.
In an interview to CNBC-TV18 SP Tulsian of sptulsian.com shared his reading and outlook on the market, specific stocks and sectors .
Automotive Axles has reported a sales total income from operations of Rs 292.79 crore and a net profit of Rs 11.06 crore for the quarter ended Jun '16