Buy, Sell, Hold: 2 stocks and 1 event are on analysts’ radar today

Escorts and GDP, among others, are being tracked by investors on Friday.

Indiabulls Housing

Brokerage: Nomura | Rating: Neutral | Target: Rs 1,400

The brokerage house highlighted how CRISIL finally upgrades the firm to AAA rating and said that it was a positive outcome. Further, valuations at 3x Sep-19 book looks reasonable given 15% correction in last 2 months. The stake sale in Oak North Bank with rating upgrade will aid the stock performance, the company said.

Escorts

Brokerage: Credit Suisse | Rating: Initiate Coverage with Outperform | Target: Rs 900

The research firm said that Escorts turned around in the last few years by focusing on new products. Further, the company believes that tractor cycle will remain strong for another two years. The firm also expects tractor EBIT margin to improve from 10% to 14% by FY20. A decline in tractor volume, lower activity in construction, railways key downsides to stock.

GDP

Brokerage: Credit Suisse

The brokerage said that April-June GDP growth was in-line with the view that investment growth should accelerate. Weakness in government spending offset by stronger fixed investment & exports, it said, adding that full-year growth to disappoint consensus due to continued disruptions.

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Here are top stock picks by Prabhudas Lilladher

Markets face intense selling with Sensex losing by 450 points while Nifty tumbling by a huge 135 points and close below the 10250 mark on the expiry day of F&O segment. The support for the day is seen at 10170 while resistance is seen at 10270.

NIFTY VIEW :

Markets face intense selling with Sensex losing by 450 points while Nifty tumbling by a huge 135 points and close below the 10250 mark on the expiry day of F&O segment. The support for the day is seen at 10170 while resistance is seen at 10270.

BUY JINDAL STEEL  CMP : 171.80     TARGET : 187       STOP LOSS : 164

The stock has been in an upward trending mode and currently has been consolidating for quite some time at around 170 - 175 levels and even in the weak market has maintained its level gaining potential and strength to rise further. We anticipate a upward move in the coming days and with RSI maintaining its strength,it supports our view of a positive bias. We recommend to buy this stock for an upside target of 187 keeping a stop loss of 164.

BUY DLF   CMP : 233.25     TARGET : 255      STOP LOSS : 222

The stock has been on the rise in the recent past and with frequent higher top and higher bottom formation has been in an upward trending mode. The stock looks promising and attractive for further rise and with the indicators like RSI indicating an upward rise is showing a positive bias and thus supports our view for a buy. We recommend this stock for an upside target of 255 keeping a stop loss of 222.

BUY HPCL   CMP : 416.70      TARGET : 455       STOP LOSS : 402

The stock has more or less formed a double bottom pattern in the daily chart at around 408 levels and even in the weak market has maintained its levels to signify potential and strength to rise in the upward in the coming days. The RSI has also indicated a positive trigger from the oversold area and with increasing volume activity witnessed, the stock looks attractive and we recommend a buy for an upside target of 455 keeping a stop loss of 402.

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Nifty to open gap down with crucial support at 10300; buy NMDC, Pidilite: Prakash Gaba

According to Technical Analyst Prakash Gaba of prakashgaba.com, the crucial support for the Nifty is at 10300-10260 and the resistance is at 10410-10585. On the other hand, Bank Nifty has support at 25700 and resistance at 26200.

The Nifty started the day on Wednesday on a positive note but failed to keep the momentum going and witnessed selling pressure at higher levels. The index made a bearish candle for the second consecutive day in a row.

The index opened at 10,376 and rose slightly to hit its intraday high of 10,392.95. It slipped below its crucial support placed around 10,350 to 10,345 before closing the day at 10,361, down 8 points.

On the options front, maximum Put OI was seen at 10000 and 10300 strikes while maximum Call OI is at 10500 followed by 10400 strikes.

The Nifty50 futures on the Singapore Stock Exchange were trading 48 points lower at 10312 indicating a negative opening for the domestic market.

According to Technical Analyst Prakash Gaba of prakashgaba.com, the crucial support for the Nifty is at 10300-10260 and the resistance is at 10410-10585. On the other hand, Bank Nifty has support at 25700 and resistance at 26200.

Below are the stocks which are good buys today:

NMDC: Indicator Buy | Rating: Buy | Target: Rs 132, stop loss: Rs 126

Pidilite Industries: Base Formation | Rating: Buy | Target: Rs 870, stop loss: Rs 840

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Technofab Engineering gains 20% on order win worth Rs 281cr

The company has received new order in the domestic water sector valued at Rs 281 crore.

 Shares of Technofab Engineering has locked at 20 percent upper circuit on Wednesday on the back of order won worth Rs 281 crore.

 There were pending buy orders of 17,750 shares, with no sellers available.

 The company has received new order in the domestic water sector valued at Rs 281 crore

 The project is funded by Asian Development Bank.

 This order gives a further impetus to the company’s standing in the water sector, soon after securing orders in Bhutan and Uganda, and recently completed projects in Tanzania and Zimbabwe, company said in press release.

 With this the order backlog of the company stands at approximately Rs 2000 crore of which the water sector now contributes close to 45 percent.

 At 09:17 hrs Technofab Engineering was quoting at Rs 289.20, up Rs 48.20, or 20 percent.

 It has touched a 52-week high of Rs 289.20.

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Time to buy ‘Rural’ theme?

Markets are trading near record highs and making a stock selection call right now becomes tough. But, there is one theme which most analysts’ see tremendous potential in the long-term and that is theme ‘rural’.

After three years of subdued rural consumption, there are now increasing signs of a pickup. There are catalysts which are in place to drive the awaited revival in rural demand.

“While two successive years of normal monsoon portend well for farm output, the combination of MSP hikes, direct benefit transfers, and farm loan waivers should drive up disposable incomes,” Motilal Oswal said in a report.

“Corporate commentary following the 2QFY18 results from B2C sectors like FMCG, Autos, Durables, and Retail reaffirms our view. Quite a few FMCG companies see rural growth outpacing or at least matching urban growth after many quarters,” it said.

Auto companies like Hero MotoCorp, M&M and Escorts also highlighted rural growth recovery. India Inc. expects the demand trends to strengthen as we move into 2HFY18.

“Our observation about rural economic pickup confirms the same. A good harvest in 2016 and 2017 season coupled with better MSPs has helped lessen the rural distress and pick up in rural consumption over last 2 years,” Arun Thukral, CEO, and MD, Axis Securities told Moneycontrol.

“The disbursals of 7th pay commission awards also helped the cause. Improvement in rural demand has positively impacted the sectors FMCG, Auto, consumer durables etc. This is very much evident from the volume numbers for FMCG or consumer durables and auto sales number for 2 wheelers/passenger vehicles,” he said.

Thukral further added that going forward, the rural economy is expected to fare well; the confidence emanates from the management commentaries about better H2FY18 vs H1FY18.

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'BUY' or 'SELL' ideas from experts for Tuesday, 28 November 2017

Domestic equity markets are likely to see a negative opening on Tuesday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and global cues. 

ET Now spoke to various experts and here's what they have to recommend for today's trade: 

Kunal Bothra, Independent Market Analyst 

Just Dial is a 'Buy' call with a target price of Rs 580 and a stop loss of Rs 520. 


CK Narayan of Chart Advise 
Zee EntertainmentBSE 2.16 % is a 'Buy' call with a target price of Rs 589 and a stop loss of Rs 569. 

Tech MahindraBSE 0.91 % is a 'Buy' call with a target price of Rs 510 and a stop loss of Rs 494. 

Manas Jaiswal of manasjaiswal.com 
Tata PowerBSE 1.55 % is a 'Buy' call with a target price of Rs 102 and a stop loss of Rs 93. 

Dharmesh Shah. ICICI Direct.com Research 
Axis BankBSE 2.73 % is a 'Buy' call with a target price of Rs 615 and a stop loss of Rs 535. 

Tata Chemical is a 'Buy' call with a target price of Rs 805 and a stop loss of Rs 712. 

Zee Media is a 'Buy' call with a target price of Rs 48 and a stop loss of Rs 40. 

Tata ElxsiBSE 2.00 % is a 'Buy' call with a target price of Rs 1,045 and a stop loss of Rs 915. 
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'BUY' or 'SELL' ideas from experts for Monday, 27 November 2017

Domestic equity markets are likely to see a negative opening on Monday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and global cues. 

ET Now spoke to various experts and here's what they have to recommend for today's trade.

Kunal Bothra, Independent Market Analyst 
Aurobindo Pharma is a 'Buy' call with a target price of Rs 744 and a stop loss of Rs 700. 
Reliance Industries is a 'Sell' call with a target price of Rs 920 and a stop loss of Rs 965. 
Colgate-Palmolive is a 'Buy' call with a target price of Rs 1100 and a stop loss of Rs 1030. 

Manas Jaiswal of manasjaiswal.com 
TitanBSE 0.69 % Company is a 'Buy' call with a target price of Rs 865 and a stop loss of Rs 809. 
Indraprastha Ltd is a 'Buy' call with a target price of Rs 325 and a stop loss of Rs 305.

Jubilant FoodWorks is a 'Buy' call with a target price of Rs 1875 and a stop loss of Rs 1760. 

CK Narayan of Chart Advise 
Manappuram Finance is a 'Buy' call with a target price of Rs 115 and a stop loss of Rs 102. 

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Buy HDFC Bank, Hexaware, Britannia, Balkrishna Industries; sell Cummins India: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy HDFC Bank, Hexaware Technologies, Britannia Industries and Balkrishna Industries and can sell Cummins India.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Hexaware Technologies is my pick, a small flag after a big rally tells us that a breakout from the flag which happened yesterday will take it to new highs. It is a very attractive opportunity."

"A similar pattern exists in Britannia Industries, after a big rally a small side way movement could be a bullish flag. It is breaking from that, there is higher levels coming here."


"The interesting chart is HDFC Bank. It has been in a trading range for more than two months and doing nothing. There is now the slightest sense that it is coming out of that range. It hasn’t done that, but it is giving us the first signs of bullishness, so it is worth buying into HDFC Bank."

"Balkrishna Industries which had a 30 percent gain in last one month, stunning it is and it is in the future & option now which is giving us a buying opportunity. A momentum buy for few days or even for today is now going into hurdle, small inside range bars that should break on the upside," he said.

"Cummins India is a short sell. The stock has been coming in as a short sell in my list repeatedly. It is falling all over and breaking support levels repeatedly, but primarily stay on the long side," he added.

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Buy Divis Labs, Bajaj Auto, Tata Chemicals, V-Guard Industries; sell Chennai Petroleum: Sudarshan Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Divis Laboratories, Bajaj Auto, Tata Chemicals and V-Guard Industries and can sell Chennai Petroleum.

Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Divis Laboratories is a part of the pharma sector which is bottoming out and it is beginning a new bull market. The best opportunities are going to keep on coming here in this sector. Divis is a buy."

"Bajaj Auto has been in a trading range for almost a month after a big rally. That trading range should get resolved on the upside which means another big rally could be in the offing, so you really want to buy this stock and hold it for some time, not just a swing trade," he said.

"Tata Chemicals had a big day yesterday, it is a breakout from a small flag and that tells us significantly higher levels are coming. It is again a positional trade which is justified here."

"V-Guard Industries is breaking out of a small trading range, this is a momentum stock. Take a swing trade and don’t overstay and welcome but the trade is there."

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Talking stock: Sell Graphite India, hold Exide

I hold 5,000 shares of DCM Shriram, purchased at Rs 111. Current market price is Rs 511. What is your recommendation? 

While anticipated increase in sugar output and revision of cane prices likely to moderate margins of sugar business, cyclical peak in vinyl business is unlikely to sustain. Hence, sell the stock if it recovers 5-10 per cent from the current levels. 

I have 18 stocks of Graphite India and 16 of ExideBSE 1.57 % Batteries. Should I sell them? 

Sell Graphite India – its business is highly cyclical and the stock has already rewarded phenomenally to the investors with 9-fold jump in its stock price from the 52-week low. 

Considering its stake in insurance business and recent re-rating of insurance stocks on the market, hold Exide IndustriesBSE 1.57 % with a target price of around Rs 225. 

I bought Apex Frozen Food at Rs 474 and Sintex Plastics at Rs 96. Please suggest. 

Sell Apex Frozen if it is fortunate to hit another one or two upper circuits in its stock price as it has already breached its fair valuation. Considering the debt level, around 35 per cent rise in oil price from its 2017-bottom and current valuation multiple, SintexBSE 1.43 % Plastics is fairly valued. Sell if the stock recovers another 5 per cent to 10 per cent from the current level. 
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See gap up opening: Maximus Securities

According to Maximus Securities, trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 86 points at the opening bell.

Maximus Securities' derivative report:

Nifty PCR-OI has increased to 0.87 from 0.78. The rise in the ratio may be due to increase in PE of 10200 and decrease in CE of 10300.

PE of 10200 and CE of 10300 are the highest number of contracts traded.

Trading of SGX Nifty futures on the Singapore stock exchange indicates that the Nifty could gain 86 points at the opening bell.

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3 hot stock picks from Reliance Securities

MindTree Ltd
CMP: 494| RECO: BUY| TARGET: 560| STOP LOSS: 468

The stock is gradually moving higher taking support of its moving averages and managed to recover its prior damages.

Key technical indicators are positively poised above their neutral line as well as averages.

Traction in Mid-Cap IT counters are signaling that the stock will continue its gradual up-move and will climb higher levels.

Long position can be initiated here and on dips for a target of Rs560 with a stop loss of Rs468.

Godrej Industries Ltd

CMP: 567| RECO: BUY| TARGET: 620-640| STOP LOSS: 545

The stock has formed Triple Bottom around Rs545 and then reversed. Previously, reversal from that level turned out well for the stock.

Positive divergence in the key technical indicators w.r.t. recent price action is signaling that stock will soon resume its up-trend.

On the higher side, the stock will face major hurdle around its long-term moving average.

Long position can be initiated here and on dips for a target of Rs620-640 with a stop loss of Rs545.

Power Grid Corporation Ltd

CMP: 211| RECO: BUY| TARGET: 230| STOP LOSS: 198

The stock is in the strong up-trend, where its moving averages worked as key reversal point and helped it to record new highs. Currently, the stock is consolidating around its long-term moving average.

Recovery in the key momentum indicators are signaling that the stock is on the verge of a turnaround and will soon resume its up-trend and will record new high.

In case of any decline, the stock will find support around recent swing low.

Long position can be initiated here and on dips for a target of Rs230 with a stop loss of Rs198.

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Jindal Stainless (Hisar) Q2 PAT rises 73% to Rs 92 cr

The company had clocked Rs 53 crore profit after tax for the same quarter in the previous year, it said in a BSE filing.

Jindal Stainless (Hisar) Ltd today posted a 73 per cent jump in its profit after tax (PAT) at Rs 92 crore for the quarter ended September 30.

The company had clocked Rs 53 crore profit after tax for the same quarter in the previous year, it said in a BSE filing.

During the July-September quarter, total income of the company rose to Rs 2,375.57 crore from Rs 1,717.80 crore in the year-ago period.

Total expenses during the second quarter were at Rs 2,239.87 crore as against Rs 1,651.22 crore during the same period a year ago, it added.

In a statement, the company said, its total sales volume grew 25 per cent to 1,99,649 MT in the September quarter from 1,59,496 MT in Q2 FY17.

Jindal Stainless (Hisar) Ltd Vice Chairman Abhyuday Jindal said, "Our efforts to enhance stainless steel consumption in sectors like automobile, architecture- building-construction, and strategic sectors like defence and railways, are yielding encouraging results. We are confident of growing our market share and expanding our customer base."

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Millennials ready to ditch stocks to keep bitcoin rally alive

It’s become commonplace in news headlines to say millennials kill everything from romance to napkins, but now a survey shows they might be responsible for keeping the rally in bitcoin alive. 

A survey by venture capital firm Blockchain Capital found that about 30 per cent of those in the 18-to-34 age range would rather own $1,000 worth of Bitcoin than $1,000 of government bonds or stocks. The study of more than 2,000 people found that 42 per cent of millennials are at least somewhat  .. 

Bitcoin rose more than 6 per cent Wednesday to as much as $7,545, helping to push the value of the total cryptocurrency market above $200 billion for the first time, according to CoinMarketcap. The digital asset has soared more than 600 per cent this year, compared with gains of 15 per cent for the S&P 500 Index -- which might explain millennials’ attraction. 

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Stocks on which have tech charts have buy signals

The domestic equity market ended on a terrific note on Friday, with headline indices Sensex and Nifty scaling fresh lifetime highs on a closing basis. The S&P BSE Sensex rose 112 points to settle at 33,686 while NSE’s Nifty50 climbed 29 points to close at 10,453.

Bayer Cropscience | BUY | TARGET PRICE: 4,100

After marking highs near 5000-mark, the stock has been under gross corrective decline. It has seen some accumulation in the 3700-3820 zones. An Engulfing Bullish Candle has emerged near the 20-DMA support area.

The Daily MACD is in continuing buy mode. RSI has marked a higher bottom and has also marked a fresh 14-period high which is bullish. The 59.82% narrower-than-normal Bollinger bands also increase the possibility of a sharp move in price. A trend reversal is likely over coming days.

Zee Learn | BUY | TARGET PRICE: Rs 52

The stock has remained in a corrective decline in form of falling channel for major part of this year. A broad accumulation was seen in the 42-44 range and the stock attempted to reverse the trend by moving out of the falling channel.

A minor corrective decline has taken place again. Stock appears to have taken strong support around its 200-DMA level. While the stock corrected, the On Balance Volume – OBV did not decline and this is a bullish sign. Lead indicators are neutral and the stock remains deeply oversold on Daily Stochastic. Upward revision of prices can be expected over coming days.

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Buy, Sell, Hold: stocks and sectors are being tracked by analysts today

Just Dial

Brokerage: Morgan Stanley | Rating: Underweight | Target: Rs 360

The global research firm said that Q2 revenue didn’t show signs of pick up while margin beat was cost-led. Further, he highlighted that the firm reported first half revenue growth of 7.8 percent year on year against FY18 estimate of 10.7 percent. A stronger-than-expected traction in search plus business is a key upside risk.

Gujarat Gas

Brokerage: Morgan Stanley | Rating: Overweight | Target: Rs 1,143

The global research firm said that the conviction On the firm’s ability to deliver 50% earnings growth over FY17-20 remains high. It expects growth underlying core demand to remain strong and margin could recover as LNG price volatility settles.

Westlife Dvpt

Brokerage: Axis Cap | Rating: Upgrade to Buy | Target: Rs 300

Axis Cap sees the firm to benefit from its continued focus on innovation and better customer experience. It sees 17% sales growth over fy17-22e on high-single digit same-store-sales growth. The firm also increased gross margin estimate on better product mix, menu innovation.

Brokerage: CLSA | Rating: Buy | Target: Raised to Rs 320

CLSA pointed out that same-store-sale growth sustains momentum at >8% YoY. Further, higher footfalls & internal measures helping the franchise to deliver ahead-of-industry growth and added that the management is confident of sustaining current growth momentum. The brokerage upgraded operating profit estimate by 10-14 percent.

KEC Intl

Brokerage: Emkay | Rating: Upgrade to buy | Target: Raised to Rs 390

The brokerage said that the company had steady performance despite GST transition concerns. It upgraded FY18/19 EPS estimates by 5.8%/9.7% respectively. Going forward, it expects revenue to increase by 17% CAGR over fy17-19 and profit could spike by 35 percent CAGR over FY17-19.

Brokerage: Quant | Rating: Buy | Target: Raised to Rs 405

The broking firm said that operating performance of the firm was healthy, while volatile raw material prices and currency fluctuation were key risks to estimates.

Indian Bank

Brokerage: PhillipCap | Rating: Buy | Target: Raised to Rs 450

The brokerage expects 38%/24% earnings growth for FY18/FY19. Further, it said that the bank is sufficiently capitalised to fund its near-term growth. Going forward, it expects FPO worth Rs 1,500-1,700 crore to pare government stake to 75% from 82.1%.
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Buy, Sell, Hold: stocks are being tracked by analysts today

Godrej Properties

Brokerage: Macquarie | Rating: Downgrade to Neutral | Target: Rs 650
The global research firm said that RERA & GST will yield market-share gains in the medium term. Further, it said that it liked the company’s strategy to add new projects to its portfolio through attractive deals. Currently, it believes that Phoenix Mills offers better risk/reward in the sector.

Brokerage: CLSA | Rating: Buy | Target: Rs 873

CLSA said that Q2 earnings growth of 88% YoY was above estimates. Further, it added that BKC office space sale drove the revenue surprise. Further, strong pre-sales momentum should continue and it increased the earnings to reflect a likely record year.

Titan

Brokerage: Macquarie | Rating: Outperform | Target: Raised to Rs 907
The brokerage raised FY17-20 earnings estimate by 17-18% owing to higher jewellery sales. It also believes higher valuation will sustain on potential market share gains.

Brokerage: Credit Suisse | Rating: Outperform | Target: Raised to Rs 760

Credit Suisse said that the results were a massive beat on margin and the momentum on market share gain continues. There was a big surprise on jewellery segment margin which are up 260 basis points.

Brokerage: Morgan Stanley | Rating: Overweight | Target: Rs 920

The brokerage house said that Q2 margin expansion is likely to be sustained. It sees 40% upside from current levels.

Hindalco

Brokerage: Credit Suisse | Rating: Outperform | Target: Raised to Rs 310

Credit Suisse observed that the company’s Q2 standalone earnings were in-line with estimates. Further, it increased Novelis FY18 EBITDA & slightly increased volume for domestic operations. It also raised EPS estimates due to cash settlement in Q2 Novelis-Kobe JV.

Torrent Pharma

Brokerage: Credit Suisse | Rating: Outperform | Target: Raised to Rs 1,600

The global research firm said that synergy guidance from Unichem’s acquisition is 2x expectations. Further, it also said that the deal catapults company to rank 2 in the cardiac segment. It cut FY18/19 EPS to 14%/28% as it build in deal with Unichem.

Brokerage: Nomura | Rating: Buy | Target: Rs 1,396


The brokerage said that Unichem acquisition is a good deal, but said that it could be earnings-dilutive initially. But it could be value-accretive as well, it added. Margin of the acquired business can expand to 30-40% from 20%.

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'BUY' or 'SELL' ideas from experts for Friday, 3 November 2017

Domestic equity markets are likely to open with marginal gains on Friday, tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty) and mixed global cues. 

ET Now spoke to various experts and here's what they have to recommend for today's trade: 


CK Narayan of Chart Advise 
Axis BankBSE -0.68 % is a 'Buy' call with a target price of Rs 540 and a stop loss of Rs 524. 

Bharat ElectronicsBSE -0.38 % is a 'Buy' call with a target price of Rs 192 and a stop loss of Rs 181. 

Kunal Bothra, independent market expert 
Rural Electrification CorporationBSE 4.76 % (REC) is a 'Buy' call with a target price of Rs 190 and a stop loss of Rs 178. 



Jain Irrigation SystemsBSE 5.09 % is a 'Buy' call with a target price of Rs 120 and a stop loss of Rs 102. 

Manas Jaiswal of manasjaiswal.com 
Jain Irrigation Systems is a 'Buy' call with a target price of Rs 117 and a stop loss of Rs 103. 

Page IndustriesBSE 2.75 % is a 'Buy' call with a target price of Rs 21,400 and a stop loss of Rs 20,100. 
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Sensex record highs! Top stocks to buy which could give up to 30% return in 12 months

If you are in equity markets for the long haul then rest assured this rally has more legs and Nifty is well on track to hit Mount 11K.

Indian market scaled to a fresh peak on the first trading day of November and is all set to hit fresh peaks in the next 12 months. Financials which have a weight of over 30 percent in the benchmark indices are leading the rally on D-Street.
Making money in equity markets is tough and especially when the markets are trading at record highs. The next basic question to hit investors’ mind is to book profits or hold on for better returns?

Well, the answer lies in your risk profile. If you are in equity markets for the long haul then rest assured this rally has more legs and Nifty is well on track to hit Mount 11K. But, if you are a trader then intermittent profit booking might not be a bad idea.

Earnings recovery will prove to be the make or break level for the Indian market. If earnings fail to play catch up then Indian markets will start looking expensive and we could see some course correction in the market, suggest experts.

“We are of the opinion that Nifty is likely to end the calendar year 2017 with more than 25 percent gains for the year. It is our thesis that FY19 and FY20 earnings will grow at 20% CAGR,” Devarsh Vakil, Head – Advisory (Private Client Group), HDFC securities told Moneycontrol.

“The Nifty may post EPS of Rs 693 for FY20, based upon that~15x earnings. If numbers fructify market doesn’t look that expensive. If earnings do not come through we may see a larger correction otherwise we rise in earnings will make markets look reasonable again,” he said.


Benchmark indices might not be able to give double-digit return from here but there are plenty of opportunities in stock specific names.

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Top buy & sell ideas by Ashwani Gujral, Mitessh Thakkar, Prakash Gaba for short term

Mitessh Thakkar of mitesshthakkar.com suggests selling Aurobindo Pharma with a stop loss of Rs 731 for target of Rs 696 and Bank of Baroda...