Investors are always on a hunt to find stocks that could give inflation-beating returns.Experts feel that maintaining a small portfolio of quality stocks is always an ideal choice, and dips, if any, due to either global or local factors could be used as buying opportunity in select stocks.“We believe the ongoing correction in the market is to be used as an opportunity to take fresh positions in quality stocks with strong earnings potential, and are available at discounted multiple,” Rajeev Srivastava, Head Retail Broking, Reliance Securities told Moneycontrol.Close “Going forward, we believe that with the recent stimulus measures starting to aid growth, corporate earnings will certainly start picking-up and discounted multiple of various quality mid-cap stocks will start getting re-rated,” he said. related news Smart money is moving into market ahead of Budget 2020: Atul Suri Equity inflows drop but SIP figures at all-time high; what should you … [Read more...] about Initiating coverage: HDFC AMC and M&M among 10 stocks that could return 10-40% in 2020
The BSE IT pack was trading in the negative on December 12 afternoon, as index majors such as Infosys, HCL Technologies and Wipro saw a drop in share prices. However, gains in the shares of Tata Consultancy Services (TCS), Mphasis and Tech Mahindra capped the losses for the index.Experts said the rupee's rise against the US dollar could be the reason for the weakness in the IT pack. The Indian currency traded at a month-high of 70.63 after opening higher by 15 paise at 70.69 per dollar against December 11 close of 70.84.Brokerages, however, are mostly positive on the IT pack for the long term.Close "Record deal-wins, sustained deal pipeline momentum and upbeat management commentaries on the demand side strengthen our conviction in the Indian IT’s solid earnings trajectory," said Edelweiss Securities. related news BPCL share price jumps 2% despite rating revision by Moody's, CRISIL Cadila Healthcare gains 4% on launch of … [Read more...] about Rising rupee pulls IT pack down, Infosys, HCL top drags
Ujjivan Small Finance Bank listed with a massive 56 percent premium over its issue price on December 12 despite volatility in the market.The stock touched an intraday high of Rs 62.8 on the National Stock Exchange (up 70 percent) after opening at Rs 58.75 against IPO price of Rs 37. The bumper listing was on expected lines given the strong response received for the company's IPO.Combined volume on BSE and National Stock Exchange was more than 20 crore equity shares.Close Ujjivan Small Finance Bank (USFB) is a subsidiary of microfinance lender Ujjivan Financial Services. related news Morgan Stanley bullish on NTPC, Adani Ports and L&T Infotech Initiating coverage: HDFC AMC and M&M among 10 stocks that could return 10-40% in 2020 Most experts are now advising investors to hold the stock for longer term on the back of good fundamentals. Though some suggest investors can do partial profit booking and hold the rest for longer term."Ujjivan SFB's … [Read more...] about Ujjivan Small Finance Bank: Should investors buy, sell or hold after the bumper listing?
The auto sector has been passing through one of its worst phases brought on by a sustained decline in sales, shift in technology and regulatory norms and prolonged weakness in India's financial space.Investors have been offloading their bets in auto stocks, causing most of them to suffer deep losses.In November, the domestic passenger vehicle (PV) sales shrunk by about 9 percent YoY. Domestic commercial vehicle sales were down nearly 18 percent while those of two-wheelers (2Ws) declined by about 14 percent YoY.Close However, overall three-wheeler (3W) segment sales grew by nearly 7 percent YoY, primarily led by improvement in export markets. related news Morgan Stanley bullish on NTPC, Adani Ports and L&T Infotech Ujjivan Small Finance Bank: Should investors buy, sell or hold after the bumper listing? Though the sales numbers are still subdued, brokerages and industry experts are of the view that the auto sector is gearing up for an upward journey."Ongoing marriage … [Read more...] about Demand looking up for autos; these stocks likely to gain the most
The Nifty50 started off selling at the word go and fell further in the latter part on June 21 after escalating tensions between US-Iran and RBI Government comments.The index closed way below 11,800 levels and formed Bearish Belt Hold pattern on the daily charts and bearish candle on the weekly scale. For the week, the index lost 0.8 percent, continuing downtrend for the third consecutive week.The index has recently taken multiple support near 50 DEMA at 11,650 zone but the absence of buying interest is also visible at 11,850 zone, experts said, adding that bearish candle on daily, as well as weekly, scale indicates that bears are restricting its upside momentum.Close The Nifty50 opened lower at 11,827.60, which was also an intraday high, and extended selling pressure in the second half to hit a day's low of 11,705.10. The index closed lower by 107.70 points at 11,724.10. related news Trade Setup for Friday: Top 15 things to know before Opening Bell Ujjivan Small Finance Bank … [Read more...] about Top gainers & losers for the week: Hexaware, Jain Irrigation, Jet Airways top the charts