Majority of the counters which I have named just now are about to give a breakout of consolidation. So, once the consolidation breakout comes into picture, then we can again see some kind of a strong upsurge in majority of the IT counters.
Suzlon Energy shares surged 116% this year, fueled by a major wind energy order. Despite the stock nearing all-time highs and high valuations, experts suggest cautious entry at Rs 78-79.
Globus Spirits’ shares rose 4% to Rs 1,373 after launching DŌAAB India Craft Whisky, a limited-edition single malt. The whisky, inspired by an Indian fable, is priced between Rs 4,500 and Rs 5,500.
SPP Polymers’ shares debuted on the NSE SME platform with a 6.78% premium, listing at Rs 63 against an issue price of Rs 59. The IPO saw a strong investor response, being subscribed over 40 times. The company plans to use the proceeds for loan repayment, working capital, and general Continue Reading
Bajaj Housing Finance surged 136% on its listing day and rose another 10% to Rs 181.48. PhillipCapital’s coverage sets a Rs 210 target, highlighting strong growth potential and favorable returns.
Ola Electric Mobility shares rose 6% to Rs 114.30 after Goldman Sachs and BofA set target prices of Rs 160 and Rs 145. Goldman sees 48% upside; BofA sees 34%.
State-owned Container Corporation of India (CONCOR) and 31 other companies have set September 18 as the record date for determining shareholders’ eligibility for dividend payments. Today is the last day to buy shares to qualify for dividends. CONCOR announced a final dividend of Rs 2.50 per share, with a total Continue Reading
Sensex rebounded nearly 100 points to hit a lifetime closing high, while Nifty ended just shy of its record peak. Stocks in focus included Macrotech Developers, HDFC Bank, and Adani Green. Analysts suggest cautious approaches for these stocks, with specific recommendations for entry points and target prices.
Here we find valuation comfort along with our desired growth rates. One sector where the exposure is negligible throughout has been IT and that remains the same as on today as well.
Sanjiv Mehta, Executive Chairman of L Catterton India, and former Chair & CEO of HUL, predicts that India will become a major consumption hub similar to China’s past growth. He emphasizes the importance of general trade and kirana stores in India’s economic evolution, highlighting the need for increased consumption and Continue Reading
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