Amid the rising volatility in the stock markets, domestic brokerage firm Kotak Institutional Equites has upgraded select capital goods including ABB India, Cummins India, Siemens and Thermax.
Top stocks of the week: Benchmark Indices Nifty, Sensex ended lower for the second consecutive session on Friday. Gland Pharma, JSW Energy, Jubilant Pharmova, Kalyan Jewellers, Mahanagar Gas among top stocks of the week ended August 11, 2023.
Tata Motors, SBI Life, Asian Paints Q1 Results, L&T plans share buyback in Top News on July 25: Ex-dividend stocks, Nifty, semiconductors event Semicon India 2023, massive discount for PS5 in focus.
Hot stocks for next week: Domestic equity market tanked on Friday on the back of profit booking post muted Q1 earnings by Infosys and HUL. Adani Ports, Akzo Nobel, Power Finance, KEC International among stocks in focus next week.
Bata India on the weekly chart has decisively broken out above the medium-term 'falling channel' at Rs 1,435 with a strong bullish candle indicating a positive bias.
Tata Motors has once again moved past the significant 50EMA and 200DMA levels of Rs 427 quite decisively with a positive bullish candle pattern on the daily chart to indicate strength.
Mrs Bectors Food Specialties on the weekly chart has decisively broken out above the 'horizontal resistance' above Rs 460 level.
JK Cement stock has been upgraded to ‘Buy’ by Motilal Oswal, as it values the stock at 13.5 times September FY24 EV/Ebitda, which is at a premium to five year average one-year forward EV/Ebitda of 12.5 times
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