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Emkay Global Financial Services is positive on HDFC Bank with a price target of Rs 1,850
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Well-managed companies could generate enormous earnings or cash flows.
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Indian equity market, currency, debt and commodity markets are closed on Wednesday on account of Ram Navami.
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In FY22 Nifty can deliver 15-20% returns, but before that, it could correct 5-7% or 700-1000 points
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On a standalone basis, Nestle India net profit jumped 14.62% to Rs 602.25 crore on 8.58% increase in revenue from operations to Rs 3,610.82 crore in Q1 FY21 over Q1 FY20.
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UltraTech Cement, HCL Tech, HDFC, Tech Mahindra, HDFC Bank and HUL emerged as the major laggards
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Shares of the company climbed 18% to Rs 108.65 on April 20 at around 2.53 pm (IST). On the other hand, the benchmark BSE Sensex was down 409 points, or 0.81%, to 47562 at around the same time.
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Bombay Oxygen Investments rallied on April 19 despite not being a manufacturer or supplier of medical oxygen
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Shares of Vedanta traded 0.26% higher at Rs 228.45 at around 12.17 pm (IST), while the benchmark BSE Sensex traded 0.22% higher at 48,054 at around the same time.
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HCL Technologies fell 1.22% to Rs 984.70 on BSE, extending losses for the second consecutive session.