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
Rajeev SrivastavaIndia’s benchmark indices the Sensex and the Nifty, which touched fresh highs in November, have fallen prey to outflow from foreign investors and corrected by about 1 percent each in the first week of December.Close The uncertainty over the US-China trade deal as December 15, 2019 deadline nears continues to weigh on the global as well as domestic markets. related news Smart money is moving into market ahead of Budget 2020: Atul Suri Initiating coverage: HDFC AMC and M&M among 10 stocks that could return 10-40% in 2020 Market Headstart: Nifty likely to open higher on Fed status quo; Ujjivan Small Finance Bank eyed India’s GDP slipping to a six-year low in the September quarter and the surprise move by the Reserve Bank of India (RBI) to leave key policy rates unchanged has also not gone down well with the investors, especially the foreign institutional investors (FIIs).The foreign portfolio investors (FPIs), who have been net buyers with an … [Read more...] about ‘FPIs continue to dominate Indian Equities; mid & small-cap stocks to be in limelight’
The cabinet on December 11 extended the partial credit guarantee scheme for public sector banks (PSBs) to purchase high-rated pooled assets from non-banking financial companies (NBFCs) and housing finance companies (HFCs).The state-owned banks can now purchase high-rated pooled assets from financially sound NBFCs and HFCs, with the amount of overall guarantee provided by the government till the first loss of up to 10 percent of fair value of assets being purchased by banks or Rs 10,000 crore, whichever is lower, said a report.Close However, brokerage houses are not convinced. Credit Suisse is of the view that the wholesale debt market differentiation among NBFCs hasn’t eased. related news Cabinet approves Partial Credit Guarantee Scheme to help NBFCs, HFCs with liquidity Centre's FY20 fiscal deficit target may touch 3.5-3.8%: Report Credit Suisse continues to prefer retail-focused NBFCs such as HDFC Ltd, M&M Finance, Chola Finance, and LIC … [Read more...] about 4 stocks that will benefit most from changes in partial credit guarantee scheme
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?