Large-caps are now leading the rally and broader markets are seeing profit booking
Data showed that 10 Nifty companies logged more than 100% growth in net profit in Q1FY22, while eight companies turned around
Anand Rathi continues to expect strong replacement demand for higher-tonnage and multi-axle vehicles to kick in by H2 FY22.
Markets are showing signs of a bigger correction as there is no strength in the broader markets
Santosh Meena of Swastika Investmart is positive on PNC Infratech with a target price of Rs Rs 330
The company has also outlaid a capital expenditure of Rs 3,000 crore for its European operations as its focus is to make the business “stronger”.
The structure of markets is bullish, Nifty looks set to hit 16,800 and the downside looks capped
Mudit Goyal of SMC Global Securities is positive on Tech Mahindra with target price of Rs 1,410.
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For quite some time we have been maintaining our cautious stance on the markets