Moneycontrol launches Analysts’ Call Tracker. A monthly special page that tells you which way analysts are leaning; the stock they are most bullish or bearish on, what they are upgrading or downgrades, and where they are betting against the market. Ignore this at your own risk!
Zomato Large Trade | There were 1.1 crore shares (0.15% equity) change hands at Rs 45 per share.
At 10:16 hrs Zomato was quoting at Rs 44.80, up Rs 0.85, or 1.93 percent on the BSE.
BSE Realty index rose 1 percent supported by the DLF, Sunteck Realty, Macrotech Developers
Morgan Stanley on Dixon Technologies:
Morgan Stanley has maintained underweight rating on Dixon Technologies with a target at Rs 2,634 per share.
The 26% EBITDA was a miss, while there are more downside risks to the earnings.
There is no overall revenue guidance for FY23, reported CNBC-TV18.
Dixon Technologies was quoting at Rs 3,651.55, down Rs 47.55, or 1.29 percent on the BSE.
Taro Pharma Q1 Earnings:
Taro Pharma has reported 51.7 percent fall in Q1 net profit at USD 14 million, QoQ. However, revenue was up 7% YoY at USD 156.6 million.
BSE Bank index rose 1 percent supported by the IndusInd Bank, Kotak Mahindra Bank, Bandhan Bank
Market at 10 AMBenchmark indices extended the early gains and trading at day’s high with Nifty around 16800.The Sensex was up 584.27 points or 1.05% at 56400.59, and the Nifty was up 155.50 points or 0.93% at 16797.30. About 1820 shares have advanced, 878 shares declined, and 122 shares are unchanged.
Siddhartha Sanyal, Chief Economist and Head of Research, Bandhan Bank
The US Fed’s 75 basis point rate hike was as expected as they stayed “highly attentive” to inflation risks. Indeed, US inflation remains at a multi-decade high even though commodity prices have started showing signs of cooling.
The FOMC also noted that recent indicators of spending and production have softened. On balance, thus, while more rate hikes is almost certain in the near term, the Fed will likely get a chance to shift to a lower gear by the end of the year.
CLSA View on Bajaj AutoBroking house maintained buy rating on the stock, while cut target price to Rs 4,677 from Rs 4,774 per share on the back of steady results with volume outlook improving.The chip shortage easing and domestic volumes are going to pick up. CLSA cut two-wheeler export volume assumptions on concerns around Africa, reported CNBC-TV18.
Hot Stocks | Here’s why you should bet on Nocil, Gujarat Alkalies, HDFC Bank for short term
Gujarat Alkalies and Chemicals on the weekly chart has taken a support on the rising trendline which confirms buyers strength at the lower levels. The stock on the daily chart has been consolidating…
Motilal Oswal View on Tata Motors
Tata Motors should witness a gradual recovery as supply-side issues ease (for JLR) and commodity headwinds stabilize (for the India business). It will benefit from: a) a macro recovery, b) company-specific volume and margin drivers, and c) a sharp improvement in FCF and leverage in both JLR as well as the India business.
We maintain our Buy rating, with a target price of ~ Rs 520/share (Jun’24E based SoTP).
Nifty Information Technology index added 1 percent led by the Mindtree, L&T Infotech, Infosys
