Wall Street's main indexes rose on Tuesday to record highs as a strong earnings season continued to lift sentiment for equities.
Centrum India is bullish on Glenmark with a price target of Rs 535 per share.
PSBs have a dominant position in corporate lending and a strong foothold in semi-urban and rural areas which offers them an edge.
Unlike benchmark indices, the broader markets ended today’s session with gains. The BSE MidCap index rallied 149 points or 0.58% to 25,869.
Sales of passenger vehicles, which comprise cars, SUVs and vans, dipped 22% in October due to supply-side constraints.
HDFC is seeing strong growth in housing loan disbursement leveraging demand. High buffer provisions at 1.3% helps bring down credit costs.
Tata Motors should witness a gradual recovery from Q2FY22 lows as supply-side issues ease and commodity headwinds stabilize
The retail and DII enthusiasm is getting fundamental support from positive economic data like record GST collections, PMI at 55.9 and Q2 earnings.
Hero MotoCorp sold 547,970 units of two-wheelers in October 2021. Sales stood at 8.07 lakh units in October 2020.
Motilal Oswal Financial Services is bullish on L&T Technology Services with a price target of Rs 5,110 per share.