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!
Goldman Sachs View On UltraTech CementGlobal research house Goldman Sachs has kept buy rating on UltraTech Cement with a target at Rs 7,040 per share.The results highlighted its dominant market position and capacity expansion plans provide comfort on its ability to maintain market share, reported CNBC-TV18.
CLSA View on Infosys
CLSA has maintained a buy rating on Infosys with target at Rs 1,750 per share.
“Healthy demand momentum and cost challenges are likely transient while strong headcount addition and rise in revenue growth guidance reassure demand strength. The company now expects margin at lower end of its 21-23 percent band. We see miss as optical due to transient factors,” it added.
Today’s Stock Market Action
Morgan Stanley View on Reliance Industries:
Research firm Morgan Stanley has kept overweight rating on the stock with a target at Rs 3,253 per share.
The Earnings before interest, tax, depreciation and amortization (EBITDA) was in-line, but 550 bps higher tax rate & depreciation drove 10 percent earnings miss.
The shutdown in chemicals & refinery operations did surprise negatively, while telecom & consumer retail performance were in-line with estimates, reported CNBC-TV18.
Nifty Pharma index shed 1 percent dragged by the Gland Pharma, Laurus Lab, Sun Pharma
Trade Spotlight | What should you do with Kajaria Ceramics, Balaji Amines, Rain Industries on Monday?
On the weekly chart, Kajaria Ceramics has confirmed “multiple resistance” breakout at Rs 1,100 levels. This breakout is accompanied with huge volume spurt indicating increased participation at…
Market at 10 AMBenchmark indices extended the early losses and trading near the day’s low with Nifty around 16600.The Sensex was down 383.74 points or 0.68% at 55688.49, and the Nifty was down 106.50 points or 0.64% at 16613. About 1163 shares have advanced, 1701 shares declined, and 148 shares are unchanged.
Anupam Rasayan Q1 earnings:Anupam Rasayan has reported 23.4 percent jump in Q1 net profit at Rs 39.6 crore versus Rs 32.1 crore and revenue was up 31.2 percent at Rs 306.5 crore versus Rs 233.6 crore, YoY. Earnings before interest, tax, depreciation and amortization (EBITDA) was 55 percent at Rs 93.8 crore versus Rs 60.5 crore and margin was at 30.6 percent versus 25.9 percent, YoY.
Top 10 trading ideas for next 3-4 weeks as market moves towards 17,000
Oscillators on the higher timeframes indicated the sentiments are positive, but the lower timeframes (one hour and below) indicated negative sentiments which can be a sign of overbought and hence some…
JP Morgan View on InfosysGlobal research firm JP Morgan has an overweight call on the stock with target at Rs 1,700 per share. It is of the view that Q1 margin was a shock with FY23 margin guided down to 21 percent. Sharp earnings cut is likely despite silver linings in revenue growth guide. Supply challenges drive margin guidance to lower end of its band of 21-23 percent, it said, according to a CNBC-TV18 report.
Sharekhan View on Reliance Industries
Reliance Industries (RIL) is our top pick and we expect continued strong earnings traction in its consumer-centric business – Jio (likely further telecom tariff hike and ramp-up of home broadband) and retail (high growth in retail, led by market share gain and new commerce).
Further, value unlocking in digital and retail (with a likely IPO for consumer business) would add value to shareholders’ return over the coming years. Hence, we maintain Buy on RIL with an unchanged SoTP-based price target of Rs 3,050.
