BUY RATING
Buy NMDC, target price Rs 280: Motilal Oswal Financial Services
Despite the recent price cut in 2Q, ASP is expected to improve in 2HFY25. At CMP, NMDC trades at 4.7x FY26E EV/EBITDA. We marginally lower our FY26 APAT estimates by 5% and retain our BUY rating on NMDC with a revised TP of INR280 (6.5x FY26 EV/EBITDA)
Trideep Bhattacharya sees value in these 3 pockets now
Edelweiss MF's Trideep Bhattacharya stated that in the past six months, they increased their portfolio's allocation towards IT services, consumption, and rate-sensitive financials. He also mentioned profit-booking from defence and capital goods sectors. Bhattacharya expressed optimism towards traditional two-wheelers with EV exposure and platform-based tech firms showing cash flows and profits.
PSU banks on strong footing; Railways better situated than defence: Chakri Lokapriya
Chakri Lokapriya highlighted the strong footing of PSU banks with improving net interest margins and loan growth rates. He mentioned Canara Bank and State Bank of India as top picks. The real estate sector also saw significant gains, while the pharma sector continued to benefit from product innovation. Recent IPOs like Premier in the solar industry caught attention.
Hot stocks: Brokerage take on TVS Motor, Oberoi Realty, Phoenix Mills and DLF
UBS has maintained a buy rating on TVS Motor, raising the target price to Rs 3,200 from Rs 3,000. They view the new Jupiter model as a significant upgrade over its predecessor and its competitors at a similar price point. UBS expects the new Jupiter to drive an additional 15,000-20,000 units in volume, representing 7% of domestic 2W volumes and 5% of total TVS volumes.
Banks, financial stocks suffer Rs 15,000 crore shock from FIIs. Should you go against the wind?
In the first half of August, foreign institutional investors withdrew Rs 14,790 crore from financial stocks due to concerns about Fed rate cuts. They invested in healthcare, FMCG, and consumer services instead. Experts suggest these financial stocks now offer good value, with larger banks like ICICI, Axis, and SBI being top picks for stable returns.
UBS Sec initiates coverage on KEI Industries and Polycab
UBS Securities has rated KEI Industries and Polycab India with buy ratings, forecasting a 26-31% increase in their stocks over the next year. Analysts mentioned strong domestic demand, capacity expansion, and real estate growth as driving factors. KEI shares increased by 7.6% and Polycab by 2.2% on Tuesday.
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Buy HDFC Bank, target price Rs 1,850: Motilal Oswal Financial Services
Amid persisting challenges on business growth and an intense focus on accelerating liability mobilization, HDFCB has been delivering a resilient performance in margins & asset quality. During the past two quarters, the bank has reported 7bp expansion in margin to 3.47% led by conscious improvement in the asset mix and the retirement of high-cost borrowings.
Systematix initiates coverage on Patanjali Foods with buy rating, sees 24% upside
Brokerage Systematix has initiated coverage on Patanjali Foods with a 'Buy' rating and a target price of Rs 2,259, indicating a 24% upside from the previous closing price of Rs 1,828.50 per share. Systematix highlighted Patanjali’s aggressive plans in palm oil plantation and its strategy to capitalize on premiumization trends in its food business.
Add Happiest Minds Technologies, target price Rs 834: Centrum Broking
Happiest Minds reported mixed performance for the quarter. It reported revenue of Rs 4.6bn( up 11.2% QoQ, up 18.7% YoY) with the sequential growth led by contribution from two acquisitions- 1) Puresoft Technologies 2) Aureus Tech.
Financial Services are two words: Short term headwinds, long term opportunity: Basket of Reco, 9 “hold”, 19 “Strong Buy & Buy” & 2 NOTA
Without exception when markets are volatile, one sector which is bound to face pressure is financial services. Some because their business faces headwinds, some because they are over owned by FII and FPI. However in the long term they all are winners. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Buy TCI Express, target price Rs 1,100: Emkay Global Financial Services
TCI's Q1FY25 print was weak owing to growing competitive intensity in the B2B express industry, exacerbated by a muted external environment. The management alluded to general elections leading to a temporary reduction in volumes in addition to its key customer segment (SME) facing elevated cost pressures resulting in lower utilization.
Buy DOMS Industries, target price Rs 2,620: Axis Securities
The company has the potential to expand its reach to ~300,000-350,000 outlets, as there is still untapped potential in the east and south markets as well as smaller towns in India and the strategic partnership with FILA, which enables DOMS to expand its global reach while leveraging FILA’s R&D capabilities, providing a long-term advantage.
Goldman Sachs initiates coverage on Mamaearth with buy rating, stock jumps 5%
Goldman Sachs initiated coverage on Honasa Consumer (Mamaearth) with a 'Buy' rating, seeing a 26% upside potential. Shares rose 5% post-announcement. The brokerage highlighted India's beauty industry as a multi-year growth driver, predicting revenue and margin improvements by FY30, aided by retail expansion and new brand profitability.
Crypto Gems: Top Crypto Assets To Watch & Buy in August 2024
The crypto market has had a bearish but sensational start to August, with Bitcoin hovering around $57,000 and altcoins experiencing significant declines. The recent market correction, triggered by macroeconomic and inflation-related fears, has presented an opportunity for investors to accumulate promising crypto assets at attractive prices.
Stay very selective in real estate stocks; any kind of price correction should be a good opportunity to buy: Pankaj Pandey
Global volatility is here to stay for some period of time, till US elections because we still do not know what kind of tariff hike US can do and there is also element of currency depreciation which is also coming as a renewed fear and that can keep the volatility at higher levels and while the near-term concerns because of this has subsided, but volatility is going to be there.
Amidst volatility and correction, top Nifty50 stocks analysts suggest buying this week
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
Prepare, do not panic & do not sell, this is not 2008. I have bought all the indices: Ajay Bagga
Market expert Ajay Bagga advised investors to prepare for market volatility but avoid panic selling. He recommended reviewing asset allocation and emphasized not selling Indian equities. Bagga discussed the market impacts of yen carry trade unwinding and speculated on central bank actions, while reaffirming his confidence in India's economic fundamentals.
DAM Capital initiates coverage on Hindalco with buy rating, sees 37% upside
Brokerage firm DAM Capital gave Hindalco a 'Buy' rating, targeting a price of Rs 905. The firm highlighted Hindalco's strong aluminium and copper operations, projecting robust demand, especially from China. Hindalco plans to invest heavily in new facilities in North America and India, with a significant portion allocated to Novelis for capacity expansion.
Yen volatile after BOJ raises rates; Aussie set for monthly loss
The yen saw volatility after the Bank of Japan raised interest rates and reduced its bond-buying programme. Although it initially surged, gains were reversed quickly. The Australian dollar fell as lower core inflation decreased the likelihood of a rate hike. Market participants were keenly awaiting the Federal Reserve's rate decision, hinting at possible cuts in September.
Yen braces for BOJ decision with risk events aplenty
The yen neared a 2.5-month high amid anticipation of the Bank of Japan's policy decision, which may include bond purchase reductions and a rate hike. Investors closely watched China's PMI and Australian inflation data. The Federal Reserve's policy decision also drew attention, especially with expectations of a September rate cut.
Jefferies initiates coverage on Adani Green Energy with buy rating, sees 18% upside
Jefferies rated Adani Green Energy 'Buy,' expecting leverage reduction and significant profit growth.
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 33%, according to analysts
If there is nothing major in the budget, which spooks the markets or there is no major global development which disturbs the equilibrium, there is a high probability that we have entered into a new bull phase. A phase where due to valuation, the street would be more stock and sector specific. If one looks at the FII figures, unlike in the past few months before elections, when they are only keen to sell. Now there are days when they are buyers on the street. There are a set of investors who would probably be waiting for a budget, before making a move in Indian markets. Were that to happen, mid-cap stocks are likely to do extremely well. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.
Silver’s got the shine to beat other asset classes, better buy on dips
Analysts recommend investing in silver as it is expected to outperform other asset classes in the next year. With strong industrial demand and potential interest rate cuts, buying on dips could yield significant returns. Consider a tactical allocation for potential gains.
Gold ends with gains for third straight week as US inflation falls, economic concerns grow
The US yields and the US Dollar Index slumped to multi-week lows on the subdued US CPI inflation data (June). The ten-year US yields slid 0.60% on Friday as the yields fell around 2% on the week. The two-year yields, more sensitive to monetary policy, were down nearly 3% on the week. The US Dollar Index was down about 0.80% this week.
Hot stocks: Brokerage take on Bajaj Auto, Titan, Dabur and 4 other stocks
Nomura reaffirms a buy rating on Bajaj Auto, setting a target price of Rs 10,207. They highlight the CNG bike's premium design, potentially creating a new market segment. Expected sales of 5-10K per month by year-end, though limited by CNG pump wait times.
Ready for a round of sustained re-rating? 7 logistic stocks with an upside potential of upto 48 %
Recently, JSW Infra announced its acquisition of Navkar Corp. On the face of it there is nothing special about it as merger and acquisition is a very normal activity which keeps happening. But the fact that it happened in sectors like logistics, where for large companies organic growth is the norm , involves a company which has a proven track of achieving a scale and the timing of its takeover. When one combines these three, this is probably indicating that the logistics sector which has faced many headwinds till a few years back, might be close to reaching a level where the bigger players are re-rated. A sector where headwinds are becoming lesser and tailwinds are getting stronger. Probably this would be a better way to take exposure to the growth of the Indian economy.
Buy RateGain Travel Technologies, target price Rs 900: Prabhudas Lilladher
RateGain Travel Technologies Ltd., incorporated in the year 2012, is a Large Cap company (having a market cap of Rs 9477.98 Crore) operating in General sector.
Buy RateGain Travel Technologies, target price Rs 858: Hem Securities
RateGain Travel Technologies Ltd., incorporated in the year 2012, is a Large Cap company (having a market cap of Rs 8668.95 Crore) operating in General sector.
Should you buy a house now or rent it? Key factors that will help you to decide
While property market dynamics play a big role in effecting this decision, equally important is your personal financial situation and lifestage. There are other factors to consider. If you are thinking of buying a house, here the key things you need to check.
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