Nirav Chheda of Nirmal Bang Securities is positive on HDFC AMC with a target price of Rs 3500
The IT major has announced 11 bonus issues and one stock split since inception. It has never missed out on giving dividends since the start of 2000
The overall trend is still strong and a breakout above 17,500 would reinforce the bulls to start an afresh rally towards 17800.
Traders are advised to continue with the stock-specific long approach as long we hold the mentioned support levels and keep booking timely profits.
Equirus is positive on Oberoi Realty considering a strong pipeline in the high-growth Mumbai Metropolitan Region (MMR)
Vodafone Idea traded 5.68% higher at Rs 8.75 on the BSE at around 9.33 am (IST), while Bharti Airtel was up 1.37% higher at Rs 679.90.
The strong fundamentals, quarterly earnings, and mostly because of the liquidity the bulls have taken over the equity market.
"Investors should stay cautious at present levels as midcap and smallcap indices have rallied more than 150% since the lows of March 2020."
The market watcher is positive on the FMCG index and he also expects some kind of bounce in the pharma sector.
Trading Recommendations: Anand Rathi Shares and Stock Brokers is positive on Zee Entertainment with a target price of Rs 186.