JM Financial suggests these 10 stocks to buy for Samvat 2081
BHEL, PI Industries, NMDC, Hitachi Energy, GE T&D India, Ircon International, NMDC Steel, Eris Lifesciences, Aether Industries, JK Tyre and other will announce their Q4 results later today.
Shares of TVS Motors gained 2.66 per cent to Rs 2,116.95, while Bajaj Auto rallied 2.58 per cent to Rs 9,138 on Tuesday. Hero MotorCorp was up 1.7 per cent to Rs 4,619.40.
Indus Towers share price outlook: Emkay Global said order book for tower addition looks strong for the remaining year. Tenancy and tower additions for Indus Towers are likely to stay elevated for the next few quarters
Hero MotoCorp, TVS Motor Ltd and Bajaj Auto Ltd may outpace peers in terms of sales in April, said Nuvama. Among PV OEMs, this brokerage expects M&M to outpace Tata Motors and Maruti Suzuki India.
The data from ACE Equity shows that select 10 stocks from the BSE 500 universe have surged up to 4775% in three years.
Tata Power shares hit a fresh 52-week high of Rs 447.65 on BSE. This stock was later trading 2.19 per cent higher at Rs 446.30. Vedanta shares hit a one-year high of Rs 404.20, before cutting some gains. This stock was up 0.5 per cent at Rs 398.60.
Adani Enterprises breached its 50-day SMA of Rs 3,178 on April 18 and a pullback rally was seen on the daily chart. The momentum indicator MACD traded in the negative territory, which is a sign of weakness.
BHEL shares: The Indian government has raised the coal-based target to 88GW by FY30. ICICI Securities has a ‘Buy’ rating on BHEL, as it expects it to benefit from new coal build out.
MCX shares rose 3.36 per cent to hit a high of Rs 4,034.45 on BSE. Tata Elxsi was trading flattish at Rs 7,441.40 in a choppy trade. Indsec Securities expects Tata Elxsi to report 2.8 per cent YoY jump in profit at Rs 210 crore.
Oil prices jumped $3 a barrel on Friday in reaction to reports that Israeli missiles had struck a site in Iran, sparking concerns that Middle East oil supply could be disrupted.
Nifty shares: While NTPC delivered 113 per cent in the one-year period, automakers Bajaj Auto and Tata Motors delivered 112 per cent returns each for the same period, data showed.
ICICI Bank Ltd, State Bank of India (SBI), Larsen & Toubro (L&T), Titan Company Ltd, ITC Ltd, HCL Technologies Ltd, Coal India Ltd, Mahindra & Mahindra (M&M), Zomato Ltd and Hindalco Industries Ltd are Motilal’s top largecap stock picks.
MF selling: Hindustan Copper Ltd, Bata India, UPL Ltd, Bharat Dynamics Ltd (BDL) and Indian Renewable Energy Development Agency Ltd (IREDA) were some of the stocks that they trimmed stakes to in the quarter gone by.
Q4 earnings preview: Infosys and Wipro should see flat revenues, while TCS is expected to outperform others with 2.2 per cent QoQ CC, driven by the scaling up of the BSNL business, Motilal Oswal said.
Foreign portfolio investors increased stake in One97 Communications, parent company of Paytm, by over 2 percentage points to 20.64 per cent in the March 2024 quarter.
Escorts Kubota has given a breakout from the continuation pattern flag and pole formation; and a falling trendline breakout was witnessed in the RSI.
Tata Motor's arm Jaguar Land Rover (JLR) reported more than 20 per cent YoY growth in its sales for FY24 on improved production and sustained global demand.
With multiple big-ticket orders being finalised in FY24, defence companies have a robust order book, say analysts
Tata Steel Ltd, BPCL Ltd, Reliance Industries Ltd and JSW Steel are seen dragging Nifty earnings, the brokerage said. In total, 17 Nifty companies are likely to report a profit growth of 20 per cent YoY and more.
Vodafone Idea has received approval from the board of directors for raising of up to Rs 2,075 crore from Oriana Investments, an Aditya Birla Group entity.
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