Reseñas

A host of brokerage firms, both domestic and global, have initiated coverage on a number of counters and the majority of them remain positive on them. They see a strong potential of value unlocking in these companies, with a targeted upside of up to 41%.

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Based on data and studies, the SBI economists said, “… in hindsight, the pandemic may have been a leveller in terms of inequality with the poor getting protected through measures such as food transfers.” It said India has delivered a sharp recovery after the pandemic and acknowledged that critics are Continue Reading

Within the Nifty 50 index, there are certain sectoral outperformers and laggards within the 10-year period. Nifty IT performed well in January for the most number of years (about six), while Nifty Metal was under pressure three times in the analyzed time frame.

The counter has witnessed a breakout of inverse head & shoulder on the weekly timeframe. But it has given a meaningful correction to retest the previous breakout level of Rs 108. Now it is starting the next leg of a rally towards Rs 65.

Overseas fund managers have been dumping IT stocks since the beginning of last year on concerns over recession and lower technology spending in the US and Europe. The Nifty IT index declined 25% in 2022 compared to a 1% gain by the Nifty index.

Tata Consultancy Services (TCS) is expected to report 1.1% sequential growth. The company’s rupee denominated revenue is expected to increase at a faster rate of 3.2% sequentially to Rs 57,099.4 crore aided by a 2.9% sequential depreciation in the currency against the dollar considering the quarterly average rates. Net profit Continue Reading

Yardeni, who doesn’t rule out the possibility of a hard landing, sees opportunities in financial, industrial, energy and technology stocks that he says now look much cheaper than they did last year.

Among the equity funds, investors have shown interest in broad based indices like the Nifty 50, Nifty Equal Weight 50, while some rich investors with an appetite for risk have also bought factor indices and some thematic index funds like auto, IT and pharma.

​​A decisive move by Nifty below 17,750 is likely to prompt traders to add fresh bearish bets, said technical analysts. Balkrishna Industries, Apollo Tyre, HDFC Life, ICICI General Insurance and, SBI Life, M&M, Cummins India, ABB are some of the stocks suggested by analysts for short-term trading.