The rollover in Nifty is slightly higher than its 3-month average. However, FII’s have more shorts in the index futures segment at the start of the new series.
At 1x FY22e adjusted book without the value of the subsidiaries, M&M Finance offers downside protection
L&T fell by about 5 percent, Tata Motors was down by over 2 percent, and Federal Bank dropped more than 2 percent on October 29.
Stocks in the portfolio of Kacholia in which he holds more than 1 percent stake include Majesco, Birlasoft, HLE Glasscoat, Vaibhav Global, Vishnu Chemicals and Paushak
The valuation of Axis Bank is extremely attractive, especially for finding a place in the long-term portfolio.
PMS schemes that gave more than 50 percent return include Nine River Capital’s AURUM Smallcap theme that delivered nearly 95 percent return in the last six months.
Given the healthy future prospects of the business and the attractive valuation, Control Print deserves the attention of long-term investors
For many years now, investors had been waiting to see a growth comeback in Kotak Mahindra Bank. With a promise to deliver the same, the stock is set to outperform in coming years
Stocks like Bajaj Auto that fell more than 6 percent, while Hero MotoCorp was down nearly 7 percent. Stocks which bucked the trend on Monday was Thyrocare Technologies which rallied more than 7%.
Technically, for Nifty50, 12065 holds the key for fresh bullish momentum to unlock its move towards 12416 with a minor hurdle around 12140 while any close below 11,580 could dampen the sentiment.
After a swift rally, the NIfty is consolidating around resistance levels of 12000, an important level from the market as well as option writers' perspective. The short-term support is now placed at 11,600.
The road to profitability remains uncertain for Yes Bank. The structural lacunae in terms of the corporate heavy book vulnerable to economic disruptions and the weak liability may not get addressed in short time
On a weekly basis, the Nifty50 has formed a Doji pattern, which indicates an indecisiveness in the market. A clear direction will emerge only if its gets past 1,2050 on the upside or breaks 11,650 on the downside, says Garg.
Long-term investors should look at Tech Mahindra only on decline and must have the patience to hold for long
The bias continues to remain positive with respect to the positive weekly close of Nifty and is holding the support levels of 11,750 despite global volatility.
While existing investors should definitely hold on to their position, new investors should look for market gyrations to add to Coforge.
Valuation of LTI is now extremely rich among its peer group. We would look for correction to add this stock for the long term
ACC which hit a fresh 52-week high closed with gains of over 2 percent, Newgen Software rallied more than 9 percent to a new 52-week high of Rs 269 and Ester Industries was locked in upper circuit of 20 percent on Wednesday.
Stocks like Britannia Industries which fell nearly 6 percent, Oberoi Realty was up nearly 20 percent, and HCL Technologies closed with gains of more than 4 percent on Tuesday were some of the stocks in focus.
While the headline valuation is reasonable, Equitas SFB's IPO does not quite measure up for multiple reasons
If the Nifty goes past 11,900, then it may even hit 11,950 or 12,050. It is advisable to buy if the Nifty crosses 11,900. Below 11,800, the Nifty can come under liquidation pressure.
The index has been trading with heavy gains and is struggling to hold 11900 levels. Hence, 11850/11900 is likely to remain an important resistance zone in the short term.
Given the challenges in the financial system plagued by asset quality woes and inadequate capital, we see Federal Bank as a long-term winner with its conscious approach to de-risk the book and adequate capital
Given the large opportunity size, we draw comfort from HCL Tech’s current valuation which is at a discount to top performing peers
We believe Nifty50 will find support near to its band of short term averages of 11430-11480 levels and also 61.8% retracement of the recent up move (10,800-12000) levels.