Dipan Mehta, Member, BSE & NSE expects BHEL to report decent performance going ahead. He said that valuations on the stock continue to be cheap.
Awasthi expects market to re-rate on inflation and growth based tailwinds. In fact, he believes the recent election-led euphoria discounts the expectations of pick up in growth.
Watch independent market expert Ambareesh Baliga interview to CNBC-TV18‘s Anuj Singhal where he says the upside is limited from current levels and investors should use today‘s correction to book some profits.
In an interview to CNBC-TV18‘s Menaka Doshi and Anuj Singhal, market veteran Raamdeo Agrawal spoke about the investor sentiment on India at the Motilal Oswal Investor Conference and his outlook on the economy and its stock market.
In the last three years, GCPL has been growing about 28 to 29 percent annually, GCPL Managing Director Vivek Gambhir said.
A Kotak report said net profits of the BSE-30 Index grew 19.3 percent (YoY), marginally ahead of its estimate of 18.2 percent growth, while the EBITDA grew 31 percent (YoY) versus the expectation of 29.5 percent growth.
Pharma and FMGC safe space for investment, says Rahul Mohindar, Director, viratechindia.com.
There is an European Central Bank meeting on October 26. There is an expectation of a package to rescue toxic debt in Europe. Trader Atul Suri says, the markets are expecting favourable solution. "If this comes in favour then I think we will breakout of the 5,170-5,200 range and give a 10% upmove." He has a slight bias to an upside breakout.