With IndusInd Bank reporting a decent set of numbers for the third quarter, most experts are upbeat on the stock. According to Dilip Bhat of Prabhudas Liladher the stock remains a top pick for them and says it is a must for every portfolio.
Midcap stocks were clear winners last month, even outperforming largecaps by a huge margin, finds a report by Prabhudas Liladher. On a month-on-month as well as on a calendar year-to-date basis, the BSE Midcap Index punched above its weight, growing 6.1 percent and 20.9 percent, respectively.
In CNCB-TV18 special segment 'Bull vs Bear', stock experts— Nitin Kumar of Prabhudas Liladher and Siddharth Purohit of Angel Broking— talk about their future outlook on Bank of Baroda.
ICICI Bank reported a disappointing fourth quarter result on Friday, where profits fell 76 percent to Rs 702 crore year-on-year (YoY), majorly hit by an exceptional provisioning of Rs 3,600 crore.
The bank announced its fourth quarter earnings on Tuesday when Deputy MD of the bank V Srinivasan said that elevated levels of stress on asset quality will remain a key concern for the company and expects the bank's credit cost to be around 125 basis points.
Nitin Kumar of Prabhudas Liladher maintains a bullish stance on the company and keeps a target of Rs 300 on the stock.
Prabhudas Lilladher is bullish on Ambuja Cements has recommended buy rating on the stock with a target price of Rs 230 in its research report dated February 18, 2016.
Prabhudas Lilladher is bullish on Allcargo has recommended buy rating on the stock with a target price of Rs 211 in its research report dated February 15, 2016.
Prabhudas Lilladher is bullish on UltraTechCement has recommended buy rating on the stock with a target price of Rs 3000 in its research report dated February 29, 2016.
Nitin Kumar, Analyst at Prabhudas Liladher is of the view that Bank of Baroda may test Rs 220.
The stock might be at negatively in opening trade but the fact that the overall sentiment is improving in terms of economic sentiments and given the fact that the order book continues to stay very strong, there will be a onetime reaction,†says Kunal Sheth of Prabhudas Liladher.
Dilip Bhat, Joint MD, Prabhudas Liladher is of the view that market will focus more on the governor's statements that follow his action.
According to Ajay Bodke of Prabhudas Liladher, HDFC Bank will be a part of core portfolio. "One may prefer ICICI Bank over Axis Bank," he adds.
Ajay Bodke of Prabhudas Liladher prefers ITC and Britannia Industries in fast moving consumer goods (FMCG) space.
Ajay Bodke of Prabhudas Liladher has a positive view on Wipro and Tech Mahindra.
Dilip Bhat says Gail has hit the bottom and may become a defensive buy for sometime to come. He suggests investing in the stock for a slightly longer term.
Global cues have played the trick yet again pulling Indian equities deep in the red. The Sensex fell more than 200 points to close at 17,362 while the Nifty shut shop at 5,221.05, down 68.30 points. Though the market has held on very valiantly, chances of Nifty breaching the 5,200-mark on the downside remain high.
Ranbaxy Labs is a good bet at lower levels, says Dilip Bhat, Joint MD, Prabhudas Liladher.
Dilip Bhat, Joint MD, Prabhudas Liladher feels that investors may prefer HUL over ITC.
SBI looks interesting at current levels, says Dilip Bhat, Joint MD, Prabhudas Liladher.
Titan Industries' shares, which doubled over 2010-11, have underperformed the broader market in recent weeks, falling 12% since it started trading ex-bonus and stock split on June 23. The broader Nifty-index is down 8% during the same period.
Tata Chemicals expects earnings before interest, taxes, depreciation and amortization (EBITDA) of USD 300-350 million from the ammonia-urea fertilizer plant at Republic of Gabon in Africa, Managing Director R. Mukundan said in a conference call Wednesday.