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
Mazhar Mohammed of Chartview India is positive on Rain Industries with a target price of Rs 267
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.
Maruti Suzuki’s revenue to grow at a CAGR of ~18% from FY21 to FY25E and the operating margins of the company to improve by 440 basis points.
Muted institutional flows are leading to some consolidation but there is decent buying in many quality midcap and smallcap stocks.
Equirus is positive on Oberoi Realty considering a strong pipeline in the high-growth Mumbai Metropolitan Region (MMR)
Management commentaries across large & midcap players suggest some pricing power has come back to the IT-services industry, at least for niche skills.
The long-term interest rates relative to equity valuations have strong predictive power for equity returns.