An economic recovery is firmly underway and finally showed in March quarter numbers but that a lot of it is already in the price, says Neelkanth Mishra, Head - Equity Strategy, India, Credit Suisse.
Jyotivardhan Jaipuria Founder & MD Veda Investment Managers says that stable sectors like IT and pharmaceutical are likely to report lower double-digit growth going forward.
ED Rajiv Sabharwal told reporters in a concall that the bank has always been serving the tier 2 and 3 towns, but there have been concerted efforts on these markets in the past three years which has paid off so well for the lender that smaller centres now account for 30% of the home loan book
Sudarshan Sukhani of s2analytics.com is of the view that ICICI Bank, Infosys, State Bank of India, Cipla, Dr Reddy's Laboratories, Hindustan Unilever and Reliance Industries are investment opportunities.
VK Sharma of HDFC Securities recommends buying Bank of India 170 Put, Axis Bank 540 Put and ICICI Bank 300 Put.
Here's a list of the top 10 stocks that are in news today.
Krish Subramanyam of Altamount Capital has a positive stance on Bank of Baroda and State Bank of India.
Kunal Saraogi of Equityrush recommends shorting ICICI Bank with a target of Rs 330.
Parag Thakkar of HDFC Securities is of the view that one may look at private sector banks.
According to Sudarshan Sukhani most PSU banks offer themselves as a buying opportunity as the uptrend in these stocks is confirmed.
Sudarshan Sukhani of s2analytics, however, is wary of midcap stocks as he expects some profit booking to be seen on the counter.
According to Taher Badshah the market could find it tough to make gains going forward until there is news on reform front or there are some other triggers, and till then earnings could remain a bit concentrated.
The house continues to remain positive on oil marketing companies on back of expected reforms and disinvestments. The reduction in crude prices has been an added advantage says Sinha.
Pritesh Mehta of IIFL is of the view that one may enter ICICI Bank at around Rs 1100.