NEW DELHI: Domestic equity market is likely to open lower on Thursday tracking Nifty futures on the Singapore Stock Exchange (SGX Nifty)and mixed Asian cues. At 8:25 am the SGX Nifty was 13.50 points or 0.11 per cent lower at 11,998.50. ET Now spoke to various experts and here's what they have to recommend for today's trade: Kunal Bothra independent market expert Lupin is a 'Buy' call with a target price of Rs 805 and a stop loss of Rs 764. Strides is a 'Sell' call with a target price of Rs 386 and a stop loss of Rs 405. CK Narayan of Chart Advise Biocon is a 'Buy' call with a target price of Rs 273 and a stop loss of Rs 255. Adani Enterprises is a 'Buy' call with a target price of Rs 215 and a stop loss of Rs 200. Amit Harchekar of Index Genius Investment Hero MotoCorp Futures is a 'Sell' call with a target price of Rs 2330 and a stop loss of Rs 2550. ACC Futures is a 'Sell' call with a target price of Rs 1397 and a stop loss of Rs 1530. (Views and recommendations given … [Read more...] about ‘BUY’ or ‘SELL’ ideas from experts for Thursday, 21 November, 2019
By Christopher Anstey The flip side of what’s been the third-worst month for American stocks in the postwar era is that prices are a whole lot cheaper than they were before the rout. While it may take a strong stomach to nibble at U.S. equities, they do offer the most attractive valuations since 2013, measured by the price-to-earnings ratio for the S&P 500 Index in data compiled by Bloomberg. At little more than 13 times the coming year’s estimated earnings, American stocks are also looking less of an outlier versus other advanced markets than earlier this year. “Relative to the stretched valuations we have seen for U.S. indices in 2017, the current levels certainly appear more attractive,” said Jingyi Pan, market strategist at IG Asia Pte. in Singapore. “That being said, just as markets overlooked the high valuations and focused on the growth potential through to the peak this year, the current lowered valuations alone do not make for buying … [Read more...] about Trump says buy the dip. And why not, at valuations like these?
Reliance Securities has maintained a Buy rating on Gail (India) in the long term with a target price of Rs 154. Shares of Gail (India) closed 0.8% lower at Rs 124 on Wednesday while the BSE Sensex closed 181.94 points up at 40,651.64. Company Financials For the quarter ended 30-09-2019, the company has reported consolidated sales of Rs 18235.45 crore, down -1.26% from last quarter sales of Rs 18467.44 crore and down -5.73 % from last year same quarter sales of Rs 19342.88 crore. The company has reported net profit after tax of Rs 849.27 crore in the latest quarter. Investment Rationale Gail posted improved volume performance in quarter ending September with natural gas transmission growing 7% year-on-year. Also, petrochemical facility utilisation touched a new high of 112% in September quarter. However, Gail sold contracted LNG at lower price in spot market, for which its gas marketing margin fell during the quarter. … [Read more...] about Reliance Securities maintains buy on Gail (India), target price Rs 154
Edelweiss Securities has maintained its Buy rating on Mahindra & Mahindra Financial Services in the long term with a target price of Rs 397. Shares of Mahindra & Mahindra Financial Services closed at Rs 330, up 0.7% on Wednesday while the BSE Sensex closed 181.94 points up at 40,651.64. Company Financials For the quarter ended 30-09-2019, the company has reported consolidated sales of Rs 2913.97 crore, up 3.26% from last quarter sales of Rs 2821.88 crore and up 16.19% from last year same quarter sales of Rs 2507.89 crore. The company has reported net profit after tax of Rs 252.12 Crore in latest quarter. Investment Rationale The company’s earnings for September quarter remained mixed with softer growth, lower net interest margins and steady asset quality. Edelweiss expects disbursements to witness to improve in the second half of FY20. Going forward, better monsoon and a seasonally strong second half of year portend well, but inherent volatility remains challenging. … [Read more...] about Edelweiss Securities maintains buy on Mahindra & Mahindra Financial Services, target price Rs 397
Independent analyst Kunal Bothra has a buy call on Lupin Ltd. with a target price of Rs 805. The current market price of Lupin Ltd. is Rs 777.6. Time period given by the analyst is Intra Day when Lupin Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 764. Lupin Ltd., incorporated in 1983, has a market cap of Rs 35204.66 crore. Lupin Ltd. key Products/Revenue Segments include Pharmaceuticals which contributed Rs 10657.32 Crore to Sales Value (93.84 % of Total Sales), Other Services which contributed Rs 374.24 Crore to Sales Value (3.29 % of Total Sales), Export Incentives which contributed Rs 250.66 Crore to Sales Value (2.20 % of Total Sales) and Other Operating Revenue which contributed Rs 74.10 Crore to Sales Value (0.65 % of Total Sales)for the year ending 31-Mar-2019. For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 4296.90 Crore, down -1.35 % from last quarter Sales of Rs 4355.83 Crore and up 10.43 % … [Read more...] about Buy Lupin, target Rs 805: Kunal Bothra