stocks slip as China slumps, US yields climb on Fed expectations
By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of global stocks slipped on Tuesday after details over China's stimulus disappointed as investor focus shifts to upcoming U.S. inflation data and Key Points
ThePrintWall Street wavers, crude slides on demand softness, CPI in view
By Stephen Culp NEW YORK (Reuters) -U.S. stocks were mixed on Tuesday and crude prices dipped as concerns over softening global demand held risk appetite in check a day ahead of inflation data. Market Key Points
ThePrintSensex surges 2,300 points as bulls take charge on Dalal Street
The S&P BSE Sensex was up 3.2% at 74,382.24, while the NSE Nifty50 gained 3.4%, to close at 22,620. Key Points
India TodaySensex, Nifty end higher; shares of M&M surge 6%
The S&P BSE Sensex added 253.31 points to reach 73,917.03, while the NSE Nifty50 NSE also saw gains, rising by 79.45 points, to close at 22,483.3. Key Points
India Todaystocks gain as European shares hit new highs, dollar slips
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) - World stocks edged higher on Thursday, helped by surging European stocks and a larger-than-expected rise in U.S. weekly jobless claims that Key Points
ThePrint
stocks from different parts of automobile ecosystem, 7 with buy reco and upside potential of 15-44% over o
One sector which has been firing on all cylinders has been the auto sector, it started with stocks like Ashok leyland, Tata motors, Eicher motors.doing extremely well in the first phase of auto sector bull run.Then it was companies from the tyre sector which saw a sharp upward trend and then a select few auto ancillary stocks. It was in the third phase where 4 wheeler and 2 wheeler companies joined the bull run. One of the reasons why there has been a difference between different segments joining the rally at different stages has been the fact that each segment has been adjusting to the transformation to the EV space. The adjustment process is still on, so rather than taking exposure to a single stock it would be better to have a look at the basket of the stocks and have a mix. There are some stocks which are not been looked favorably by analysts as they believe that stocks have seen a run up but the fact remains that as sector one of the best proxy for taking exposure to economic growth. Key Points
Economic TimesSetback or blip? Decoding jewellery stocks’ underperformance as gold hits fresh lifetime highs
ETMarkets' analysis reveals the underperformance of jewellery stocks amidst gold's record highs. Most saw negative returns, with a few exceptions. Experts suggest cautious investment strategies with focus on companies' fundamentals and long-term prospects. Key Points
Economic TimesStay bullish but just be more selective: 5 midcap stocks from different sectors with potential upside of u
If one goes by what is happening on the street today, we probably are once again going back to a situation where mid-caps are charting their own journey and bulls are backing it. While the valuations are expensive, there is no point in fighting with liquidity, if it is going to mid caps and they are moving up irrespective of valuations or quality of stocks one cannot argue. But the only thing which as an investor one can do is to be careful when taking exposure to this segment of the market. Stay away from stocks where there is a narrative of stocks doing well that are not backed by fundamentals and track record. If the market stays like this, very soon once again there will be no dearth of tips floating in whatsapp groups and telegram channels. But there is enough evidence in history to show that finally it is earnings and valuations which decide what would be the price of stock price and clues about earnings come from just two things, sector and the management. So, focus on the sector and the quality and ability of management. Key Points
Economic TimesStock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 41%
Once again everything is looking green, the way FY 25 has started, it appears that bulls were on short term break due to tight liquidity conditions which tends to appear in the last month of every financial year. While the local liquidity condition might improve, the issue of high valuation is still not over. It is still a time to be cautious in terms of not going overboard with taking exposure to a certain stock, selective about what one is buying. The reason, if the street becomes selective and gets into correction mode once again, it is stocks where there has been improvements in the business operating matrix will be able to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesUnderperformers of FY24: Among them is a stock that rose 26,113% in last 25 yrs. Can these 9 scrips reboun
In a financial year where the number of stocks gained is much larger than stocks that end in red, there are some surprises in the list of stocks that have ended FY 24 in red. Surprise because of two reasons. First, these are all largecap stocks where fundamentals are surely not in doubt. They have consistently seen earnings inching upward. Yes, one can have a debate about the rate of growth at which earnings have been less than satisfactory. But then they have grown, except in 3 cases, where one can argue that earnings are just refusing to move up. The second surprise is that some of them have created great wealth over the long term. So, if they have not been able to gain in one year should one ignore them. The list is filled with major surprises, a company that is amongst the top ten stocks in terms of market capitalization in the Indian stock market. History has shown that in the stock market, if the fundamentals of a company are fine, then sooner or later they make a comeback. Key Points
Economic Times
Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 38 %
After remaining under pressure for the first three weeks of March, there was some recovery at least in the broader market indices in the last two trading sessions of FY 24. It might be too early to call it a recovery, because if one looks at the market breadth, while it was positive, the way it cracked in the last one hour of trade indicates that a part of the market is still very much witnessing profit booking. So, it would be worthwhile to get more confirmation about bulls getting back to different corners of the street. In such times, it would be better to stay with stocks where there has been improvement in score due to one or the other reason. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesIndian stocks close 2023-24 firm, indices accumulate 27-31% returns
India Business News: Indian stock market indices closed the financial year 2023-24 on a firm note, with Sensex and Nifty rising in the range of 0.8-0.9% on Thursday, backe Key Points
Times Of IndiaNifty financial service index stocks: Are headwinds slowing down?
In the last three years, different segments of financial service have witnessed very different trends. Trend not in terms of business but in terms of headwinds or tailwinds. While the large private banks have stagnated, some of the small private sectors have come back into the limelight. PSU banks as a pack have made a comeback, insurance companies are still searching for direction, asset management companies have been able to get their mojo back while NBFC are facing new challenges in terms of higher provisions to regulatory. So,each to own it probably defines when it comes head or tailwinds. But what is the common factor is that most of these have a high FPI holding. Now FPIs have largely been the seller in the Indian markets, occasionally they have made a comeback for a short period of time. At this point of time, they are neither major buyers or sellers, but this equilibrium will change. When that happens, it is this set of 20 stocks which will signal which way the wind is blowing for which segment. Key Points
Economic TimesIs all the bad news and views priced in ? 4 stocks from the natural gas sector for contrarian trade.
Gas stocks have been underperforming the market for quite some time. The argument against them has been multifold, right from stagnation in terms of volume growth, companies not being able to expand in newer areas and the latest one being the threat from EV. Couple of months back, an announcement about pushing the electric vehicle (EV) more aggressively in Delhi, brought pressure on the stocks like IGL. While there is no doubt that over a period of time, EV will dominate, does it mean the end of the business of the gas companies? The answer is probably no, there are many other use cases and narrative about negative impact might be over stretched. Also the street might be ignoring the fact that these companies have enough cash on the balance sheet and also cash flows from existing lines of business to move into new areas which are part of the EV eco system. Key Points
Economic TimesFY24 Stock Market Recap: BSE PSU index gains 92%, 37 stocks surge over 100%; check top gainers
Indian state-owned companies' stocks surged in FY24, outperforming mid- and small-cap stocks. BSE PSU index nearly doubled, boosted by govt's capex spending hike and anticipated BJP victory. Railway, power, defence, and oil sectors also showed impressive gains. Key Points
mint
IT stocks: There is a mixed picture by analysts, another round of warning on earnings coming; should you l
Late last week and early part of this week, the fall in the market was led by a few largecap IT stocks. The reasons, once again there are fears that as the Q4 earning season comes closer, large IT companies would be announcing lackluster results with no great guidance for FY 25. While the probability of that happening cannot be ruled out, the question is whether these all things have been built in the underperformance of the stocks. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Key Points
Economic TimesThese midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 30%, according to analysts
On Wednesday, thanks to one stock, Reliance industry, nifty was able to make a comeback. But what is more important is that market breadth, which has been under pressure for most of the sessions for the last three weeks, was in the green territory for most of the time. It is important to keep one eye on market breadth as that would be a more reliable indicator for deciding the strength and possible time frame for which the rally may last. Another thing which one should monitor closely is when the numbers of how much money has flown to mutual funds in the month of March which would get released in early April. This would be an indication of how much impact did AMFI advisory to mutual funds had on ground. Also, this would answer the question, whether this is another short term profit booking move or a beginning of a long phase correction and valuation adjustment.During this phase, analysts are bullish on select stocks from different sectors, some of which are either the leaders of their sector or part of the top three companies which are known to be well managed. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . This predefined screener is only available to ET Prime users. Key Points
Economic TimesIndian stocks close financial year on a firm footing, indices accumulate 27-31pc returns
New Delhi [India], March 28 (ANI): Indian stock market indices closed the financial year 2023-24 on a firm note, with Sensex and Nifty rising in the range of 0.8-0.9 per cent on Thursday, backed by firm economic growth forecasts by various global watchdogs and political stability at the federal level. Sensex settled 0.88 per cent […] Key Points
ThePrintInvesting long-term? Start accumulating stocks which have been hammered 20-40%: Rahul Sharma
Rahul Sharma suggests focusing on largecaps for alpha generation, while considering smallcaps and midcaps at discounted prices. Nifty's positive trend and sector leaders' performance support an optimistic outlook for FY25. Sharma says: As we have seen in the past, corrections have been bought into and this time also, it does not seem any different. Key Points
Economic TimesTechnical Breakout Stocks: How to trade Lakshmi Machine Works, ABB India and Bajaj Auto on Thursday
Sensex jumps over 500 points today. Capital goods, consumer durables, realty, and power stocks saw buying action while public sector, IT, metal and FMCG stocks saw selling pressure. Key Points
Economic Times
These largecaps have ‘strong buy’ & ‘buy’ recos with upside potential of over 20%
While the markets have been correcting for some time, the pain of correction has been being felt more in the last three to four weeks. The reason, extremely negative market breadth and that too in the mid-cap segment. Until recently, corrections did not appear to be very obvious because one or the other sector kept witnessing sharp up moves and the whole focus of the market went there. So, sometimes it was railways stocks, sometimes power PSUs which keep the noise levels high. The reality is that corrections come and go, the only thing any investor needs to make sure of is that in any corrective phase, bias when making fresh investment should be toward large cap stocks as there is a possibility that they would see less damage in corrections which are stronger in nature due to global or macro developments. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . The screener applies different algorithms for all BSE and NSE stocks. Key Points
Economic TimesWall Street dips ahead of U.S. data; dollar pressured by yen, yuan
By Stephen Culp NEW YORK (Reuters) -U.S. stocks followed their overseas counterparts lower at the top of a holiday-shortened week on Monday as investors positioned themselves ahead of crucial Key Points
ThePrintTechnical Breakout Stocks: How to trade HEG, Maruti Suzuki and HUL on Tuesday
The S&P BSE Sensex rose nearly 200 points on Friday while the Nifty50 closed just a shade below 22,100 levels. Sectorally, buying was seen in telecom, realty, auto, healthcare, and capital goods while IT stocks saw some selling pressure. Key Points
Economic TimesQuant Small Cap Fund added 16 new stocks in February while exiting in 12. Check details
Quant Small Cap Fund(G) showed robust performance with a major portfolio overhaul in February. The fund strategically adjusted its holdings, showcasing a balanced approach. As of March 24, 2024, the fund continues to maintain a diverse portfolio with significant investments in various companies. The scheme is benchmarked against NIFTY Small Cap 250 TRI which has delivered returns of 68.80% over a 1-year period. Key Points
Economic TimesWhen Ankur Warikoo made money in penny stocks and got addicted
Ankur Warikoo shares his investing journey, advice on house buying, asset allocation strategy, views on gold vs crypto, past mistakes, and investment recommendations for youngsters in a jargon-free book 'Make Epic Money'. Warikoo also says: Index mutual funds are an incredible way of slow money making, benefiting from compounding. Key Points
Economic Times
Turnaround story: 40 smallcaps that lost over 30% in FY23, turn multibaggers in FY24
The FY24 has been a turnaround year for smallcap stocks, witnessing a significant rally with many stocks turning multibaggers. However, concerns over valuations raised by Sebi might moderate returns in FY25. While equity bulls partied hard in most of FY24, the Securities and Exchange Board India (Sebi) turned a party spoiler towards the end. Key Points
Economic TimesDiversify the risks even in largecap segment: 5 largecap stocks with upside potential of 25-33%
After a brutal correction, at an index level we can see some respite. But at the broader market levels, there are clear signs that valuations are still a concern. So, it might be too premature to call that the risk of overall high valuations leading to more time wise correction is over. There are questions at this point of time which need to be addressed. First, what does one do with existing investments? Second, which set of stocks one should look at if one is making if one is planning to put in fresh money? The answer to the first question, move out of stocks where fundamentals are in doubt and stocks price have just moved up because of liquidity which was rolling on the street. For the second one, stick to large caps and even in that diversify exposure to different sectors. Don't over expose oneself to one sector as one headwind in a sector can take away gains. Last but not least, stick to companies with certain level of Return on Equity (ROE), Return on Capital Employed (ROCE), and company debt levels should not be overlooked Key Points
Economic TimesThis smallcap mutual fund added 12 new stocks in February while exiting 7 others
Bandhan Small Cap Fund-Reg(G) revamped its portfolio in February with new stock additions and exits. The scheme, benchmarked against S&P BSE 250 Smallcap TRI, had significant exposure in Juniper Hotels, Eureka Forbes, and The South Indian Bank, managing assets of Rs 4,389.28 crore. Key Points
Economic TimesTechnical Breakout Stocks: How to trade Thermax, Avenue Supermarts and Hitachi Energy on Friday
Sensex and Nifty closed in the green on Thursday. Power, infrastructure, public sector and realty stocks saw buying action. Key Points
Economic TimesBuy on dips? Go for these 4 defence and hotel stocks: Hemang Jani
Hemang Jani discusses opportunities in various sectors including defence, healthcare, and PSU banks. Recommendations include BEL, HAL in defence, and BOB, Canara, State Bank in PSU banks amid market corrections. He also says, Linde, which is a midcap stock and which has a very commendable story on green hydrogen and given the new investment that they have made in semiconductor, could be an interesting bet to look at. Key Points
Economic Times
Smallcap stocks give up to 2,000% return in FY24 but brace for a bumpy ride
Within the BSE Midcap universe of 127 stocks, 23 have more than doubled investor wealth. Rail PSU IRFC tops the list with 407% gain, followed by REC's 278%, SJVN 272%, BHEL 220% and PFC 209%. Key Points
Economic TimesThese largecaps have ‘strong buy’ and ‘buy’ recos with upside potential of over 20%
After a long period of time, bears are seeming confident. How long they will be able to roam on the street is the question for which answers are being sought. For that it would be better to focus on why the correction is taking place. Whether there is just a profit booking after a long phase of out performance or there are any headwinds which the economy is either facing or is likely to face. The answer is very clear that this phase of profit booking and there are no headwinds, in fact there are more tailwinds of clear policy making. This is not to say that this corrective phase will not continue further, if there is any increase in oil prices, there might be some short term pressure, but the long term story stays intact. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . The screener applies different algorithms for all BSE and NSE stocks. Key Points
Economic TimesFor risk takers with long-term perspective: 5 midcap stocks with upside potential of up to 47%
Now that sensex has turned negative for 2024, focus will shift on how the returns. The narrative will focus on how returns and how the valuations are expensive. Yes, there is no doubt that valuations are expensive, they were even higher a month back, when everyone was saying cheers to mid-cap. At this point of time the question whether “ I should sell or buy more” needs to be replaced by “what business do I own and whether that business is going to grow or not” The reason why it is important to change the question itself is the fact that it business on the ground which will make the difference between in final returns. If by next month, markets are rallying once again, then all this talk about valuation will go away in thin air. Key Points
Economic TimesTechnical Breakout Stocks: How to trade Linde India, Bharti Airtel and Paytm on Tuesday
The S&P BSE Sensex rose over 100 points while the Nifty50 closed above 22,000. Sectorally, buying was seen in metal, auto, healthcare and capital goods stocks while IT, consumer durables and FMCG saw some selling. Key Points
Economic TimesOwn midcaps? It's neither a sin, nor a crime, just a mistake that can be rectified with checks and balance
A few weeks back, not owning a midcap stocks appeared to sin, but the way markets and specially the mid and smallcap stocks have declined, owning them would appear to be a crime today. But the fact is that neither it was a sin then, nor is it a crime today, it is just a mistake of getting focussed on narrative when the bulls are ruling the Street and getting absorbed in the post facto explanations which come when bears can be seen roaming on the Atreet. The solution probably lies in going back to the basics of investing. Key Points
Economic Times
Volatility in market is different from volatile business: 5 large cap stocks with upside potential ranging
There cannot be any doubt about volatility on the street, both as reflected by advance decline ratio or the kind of movement we see in nifty and other sectoral indices, one day down another day up to third day to fall again. Amid the current market downturn, the key question arises: will this correction phase usher stocks from a state of overvaluation to being reasonably priced? Investors aiming to inject more funds into the market during this realignment should consider focusing on specific stocks that exhibit dual advantages. Firstly, identify stocks from sectors exhibiting robust performance, benefiting from sectoral growth. This means that their business is not volatile. Second, essential financial metrics such as Return on Equity (ROE), Return on Capital Employed (ROCE), and company debt levels should not be overlooked. Combining the two the sectoral tailwinds and individual companies fundamentals is a necessity in times of market correction. Key Points
Economic TimesStock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 33%
Besides the hit which nifty and sensex have taken, what is more important is that there are more declines than advances and that is largely due to market breadth in the mid-cap segment. This is indicative of continued profit booking happening at the broader market level. At this point of time, one cannot rule out more profit booking which can bring more damage to stock prices in the mid-cap segment. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesAfter big crash in smallcap stocks, what wounded investors must do now
Indian Stock Market experienced a substantial decline, notably in smaller indices, impacting retail investors. A stock falling 20% needs 25% gain to recover losses. Investors should consider these factors to manage their portfolios effectively. Key Points
Economic TimesBFSI stocks: They shed weight much before others do, time to be contrarian and buy?
The kind of correction the broader market is witnessing in the last few days, the financial services sector had seen that few months ago. Infact, if one looks at the overall picture this phase of correction was led by one private sector bank and the other parts of the BFSI came under pressure at the start of 2024. For two reasons, first is that RBI has been doing a policy tightening and regulatory cleanup excerise, so there were some margin hits coming in earnings. Second, they are heavily owned by foreign portfolio investors who have been sellers in the Indian markets. A large number of times they give an advance indication of what the broader market might look like in near term. Similarly, the other way round, these stocks on a relative basis have performed better than others in the last few days. The first streak of relative outperformance is good enough indication for them to be brought on watchlist. Key Points
Economic TimesMahadev betting app scam: 19 smallcap stocks crash up to 37% this month
Smallcap investors suffered losses due to the Mahadev Online Book scam involving entities like Hari Shankar Tibrewala. Several listed stocks linked to the scam saw significant value depreciation, causing panic in the stock market. Key Points
Economic Times
At times underperformance of capital employed on the Street is better than capital erosion: 6 FMCG stocks
It might appear odd to look at a sector that on the business side is facing headwinds and on the stock market front has been underperforming. But sometimes the rationale goes against owning a set of stocks when a bull run is just starting, the same rationale is applicable for buying the same set of stocks when there is a high risk of a correction in stock markets or when a correction has already started. The logic is that there are times when it is more important to focus on capital preservation even if it is coming at the cost of some under-performance of the capital employed in the short term. The way markets have corrected on Wednesday, it is very clear that bears are around the corner to clear the froth on the street. There is enough evidence to show that when bears are back on the street, they are not able to harm companies and sectors where even if valuations are not cheap the balance sheets and core business are strong. So, it is probably time to bring these old war horses back on the watch list. Key Points
Economic TimesBetter to look them as a chain: 15 stocks from different part of automobile ecosystem, 7 with buy reco and
If one takes June - July 2020 as the base from where this bull run started. Amongst the first to gain were stocks like Ashok leyland, Tata motors, Eicher motors. There was good enough reason for it, all these companies get a significant part of their sales from either heavy commercial vehicles or light commercial vehicles. Sales of LCV and certain other auto segments is an indication of the economic situation on the ground. Demand for large commercial vehicles would only increase when there is higher economic growth as more goods get moved from one place to another when the economy is doing well. So it is LCV and HCV which are the lead indicators of what is in store for the economy. But behind the finished automobile product there is a huge supply chain, right from an auto ancillary unit making forgings, to a tyre maker. Rather than look at one segment it would be worthwhile to look at select stocks which form the part of the chain. The reason, when LCV will indicate good numbers, then means subsequently there would be better car and two wheeler numbers. Key Points
Economic TimesSmallcap stocks spring back to life as if nothing happened. Are retail investors right?
Among the top gainers in the small and midcap space were BLS International, ITI, SJVN, and Swan Energy with upsides between 10-20% each. Adani stocks, which were among the worst affected in Wednesday's sell-off, also rose up to 9%. Key Points
Economic TimesLittle stocks in big trouble! 374 smallcaps fall at least 30% from peak. Worst ahead?
Smallcap stocks are in bear territory, with losses up to 84% from high levels. Nifty Smallcap100 index was down 14% from peak. Worst losers include Ramky Infrastructure, Andrew Yule, IFCI, PTC India Financial Services, AGS Transact Technologies, Swan Energy, Railtel, and RVNL. Market experts weigh in on the situation. Key Points
Economic TimesTechnical Breakout Stocks: How to trade TCS, Colgate-Palmolive and ITC on Thursday
The S&P BSE Sensex plunged more than 900 points while the Nifty50 failed to hold on to 22,000 towards the close of the session. Sectorally, selling was seen in utilities, power, public sector, metals and telecom stocks. Key Points
Economic Times
Euphoria fizzling out? MFs exit 10 smallcap stocks in February, reduce exposure in 17 others
Mutual funds reduced holdings and exited several midcap and smallcap stocks. Notable exits include Capri Global, Rama Steel Tubes, and SJVN. Meanwhile, funds reduced exposure to City Union Bank, Ashok Leyland, and Life Insurance Corp of India. Key Points
Economic TimesAdani Group stocks plunge up to 13% amid market rout; erase Rs 90,000 crore in m-cap
Adani Enterprises and Adani Ports & Special Economic Zone cracked around 7%., while Adani Power, Adani Wilmar, ACC, Ambuja Cements, and New Delhi Television shed up to 5%. The fall in the group stocks was amid weakness in the overall market. Key Points
Economic TimesWith more checks and balances for better risk management: 4 midcap stocks with potential upside of up to 2
After a relentless rally for the last ten months, the mid-caps segment of the market is witnessing some profit booking/ correction/ rational shifting/ consolidation. Why slash ? Because, the way stocks are moving, there is no one trend in mid-cap space. Some are coming down just because they have moved very fast, some of the stocks where are literally hardly any fundamental, like the ones where the companies are under IBC and still quoting at half a billion dollars market cap. So there are many sub segments which are getting formed in mid-cap space and given the mix of head and tailwinds, this segmentation is likely to see an increase. So, one will have to do two things, one be bullish but be more selective and focus on managing risks. Key Points
Economic TimesFor compulsive trader & contrarian investor: A set of stocks which may get better treatment in volatile ma
It is probably times like these, where after a long phase of trending market, some volatility and correction is coming to the street that one needs some set of rules. The reason, in the first phase of correction, the recency bias that every dip is buying opportunity will play out. The tendency to do averaging will be high. It is this set of rules which will be able to help better navigate the market when it's volatile with a bearish bias. This might appear conservative to some as it limits the scope but being conservative is a way of bringing in discipline, especially when it comes to trading. So, out of a total universe of more than 3000 stocks, how about having a set of 50 non - nifty stocks which increase the probability of you making money both in volatile and also satisfy the compulsive trader and contrarian investor in you. Key Points
Economic TimesTechnical Breakout Stocks: How to trade TCS, InterGlobe Aviation and OFSS on Wednesday
The Nifty50 closed flat with a positive bias at 22,335 while the S&P BSE Sensex closed with gains of more than 160 points. Sectorally, buying was seen in IT stocks while some selloff was seen in realty, public sector, utilities, power, and capital goods stocks. Key Points
Economic Times
Do SIPs in HDFC, Asian Paints and reap reward in next one year; up ante in metal/OMC space: Sanjiv Bhasin
Sanjiv Bhasin, Director of IIFL Securities, advises investing in PSUs, OMCs, insurance companies, and largecaps like Reliance and HDFC Bank. He also suggests considering stocks like Vedanta, Hindustan Copper, Devyani, HDFC Life, and Asian Paints for potential returns. Bhasin says: We remain in a bull market but fundamentally and technically, we have reached a peak from where we can see some consolidation/correction. ' Key Points
Economic TimesLike Shriram Finance among NBFCs; expect 10% upside in Triveni Turbine: Nischal Maheshwari
Nischal Maheshwari expresses concerns about frothiness in the market and points out that many funds are not accepting small checks and SIPs less than Rs 25,000 in smallcap and midcap funds. Frothiness in the midcap and smallcap stocks is driven by more money. The government's support for the manufacturing sector presents opportunities for investors. Key Points
Economic TimesTechnical Breakout Stocks: How to trade KEC International, Kalpataru Projects and Solar Industries on Tues
The S&P BSE Sensex fell more than 600 points while the Nifty50 closed below the 22400 level. Sectorally, buying was seen in healthcare stocks while some selling was seen in telecom, metals, utilities, public sector and realty stocks. Key Points
Economic TimesShould you stick to PSU stocks or exit after multibagger returns? Kotak Equities recommends this
Kotak Institutional Equities highlights the flawed rally in PSU stocks driven by bullish sentiments and incorrect valuation methodologies. The rally lacks meaningful change in fundamentals or structural reforms. Concerns arise about the long-term viability of PSUs due to reinvestment in sunset industries and government policies. Key Points
Economic TimesConsistent winners! 7 smallcap stocks that have consistently performed in last 5 months
The Sensex has surged over 12% in the past five months, with 90 stocks on the BSE gaining over 100%. Seven smallcap stocks have consistently recorded monthly gains of 10%. Market experts attribute the rally to robust corporate performances, positive economic indicators, and increased investor confidence. Sebi has expressed concern over the unfiltered rally in smallcap space. Key Points
Economic Times
Tailwinds of policy push: 5 largecap PSU stocks from different sectors with an upside potential of up to 3
While there are clear signs of large cap stocks making a comeback on the street, it is reflected both in movement of Nifty sensex. The problem is that as a word the “large cap” is so open ended and we keep seeing stocks moving in and out of that category which are the ones which one should focus on. If one looks at the last six months of the stock market moves, a new industrial house appears to be born and has caught the fancy of the street. Yes, we are talking about PSU as a set of companies. It is not owned by one individual but by the government of India so there is an element of the largest shareholder being one entity and that is why it may be called a new industrial house. Beside the ownership another common thread running in these companies is the impact of the clean up and restructuring of policy framework which has come in different sectors and in these companies in particular. So there is high probability and yes only high probability of these stocks doing relatively better in stormy conditions on the street. Key Points
Economic TimesFocus on better risk management: 5 midcap stocks from different sectors with the right financial matrix
It is after a long period of time, that mid-cap stocks have seen some correction. All those investors who have high exposure to mid-caps in their portfolio have probably gone through two different emotions. Should I sell? Should I buy more? For all those who have gone through these emotions. Let the market be volatile, don't make volatile decisions. Corrections are part of any market and especially when valuations are high, the frequency and magnitude of correction will be higher. For all those who are looking to deploy more money and are focussed on mid caps, it would be better to put more checks and balances, both qualitative and quantitative and be selective in buying stocks. More importantly, even after putting in all the efforts of checks and balances, be ready to see a short term drawn down in the value of your portfolio, because if there is a deep correction in the markets, mid-cap stocks tend to shed more weight. Key Points
Economic Times15 multibagger small-cap stocks tumbled between 15% and 30% from 52-week highs; check full list
15 stocks have seen declines of up to 30% from their one-year highs. It's worth noting that all these stocks have recorded multibagger returns over the past year, and even with the recent adjustments, they still show gains ranging between 100% and 300%. Key Points
mintDowngrade by brokerages is the final green flag for contrarians? 4 IT stocks which may deliver between 24
In the last three days, one of the well-respected brokerage houses has come out with two reports in which they downgraded two sectors to underperform. One metal and other IT. As the market is under the profit booking phase, these stocks also declined, so an impression is created that probably what the brokerage is saying is correct. Before one takes action based on these reports, some questions need to be answered. First, why downgrade a sector now given the fact that it has been underperforming for more than two years? Secondly is this the first downgrade, such downgrades have been happening in the past, but stocks have not seen any serious correction. Also while brokerage is downgrading the stock, other news reports are indicating the worst might be over. So, probably it is time for contrarian investors to bring some stocks on their watch list. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk, and price momentum to generate standardized scores. Key Points
Economic TimesTechnical Breakout Stocks: How to trade ICICI Bank and SBI on Thursday
The S&P BSE Sensex rallied over 400 points while the Nifty50 closed with gains of over 100 points to hit a fresh closing high. Sectorally, buying was seen in banks, IT, consumer durable, healthcare, and auto stocks while realty, power and oil & gas stocks saw some selling pressure. Key Points
Economic Times
For long term investor looking for midcaps: 4 stocks from different sectors with potential upside of up to
In equity markets, whatever precaution one might take, the probability of a mistake of getting stuck with a wrong stock is always high. But then there are mistakes and silly mistakes, just try to avoid silly mistakes. How ? Stay away from stocks where there is a narrative that this sector will do well because of ABCD reasons or the company will get such and such orders worth this much. There is enough evidence in history to show that more than anything else, checks and balances are most important at a point of time when valuations are high and sentiment extremely bullish. How do one put checks and balances? Integrate both quantitative and qualitative criteria to assess stocks, aligning expectations with realistic market performances and avoiding impulsive shifts based on short-term fluctuations. Key Points
Economic TimesStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 46%
After a sharp rebound, while nifty is trading in green territory, if one looks at the overall market breadth. There are more declines than advances and that is largely due to market breadth in the mid-cap segment. This is indicative of profit booking happening at the broader market level. At this point of time, one cannot rule out more profit booking which can bring more damage to stock prices in the mid-cap segment. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesPreparing for volatility is better than suffering it: 5 largecap stocks from different sectors with upside
Last week two noticeable things happened in the market, first a sharp correction in mid-cap stocks and then on Friday sudden sharp recovery which was led by large cap stocks. To some it might appear what is noticeable in this ? This has happened many times in the last one year. The only difference is that it happened in the backdrop of the fact that even regulators are getting worried about what is happening to mid and small cap space and there has been an advisory. To the uninitiated, regulatory advisory tends to work in equity markets. This essentially means the probability of higher incremental flows to large cap stocks. Second, the kind of stocks which led the up move on Friday, it appears Nifty may do some catching up with mid and small cap indices in coming months. We take a look at stocks where even in large cap space, the broader financial matrix is better placed and sectors have one or the other tailwinds. This is not to say that if these stocks cannot see a correction, only higher probability of outperforming in strong correction. Yes, only higher probability. Key Points
Economic TimesEven risk-takers need checks and balances: 4 midcap stocks with potential upside of up to 29 %
For all the investors who have been focussing on the midcap segment, this was a week of reality check. The way midcap stock tumbled and the way market breadth panned out it was just a reminder of two things, never ignore valuations and secondly however good the stock might be when the correction takes place, even the best of the stocks can decline sharply. For all those investors whose portfolio is titled in favor of the mid-caps need to do two things in current market conditions. First, don't extrapolate what has happened in the last one quarter to the mid caps stocks. The reason: there might be some change in the ways the flows are coming to midcap funds due to recent SEBI advisory through AMFI to fund houses. Second, which is more important, be careful when taking fresh exposure to this segment of the market and apply checks and balances. Key Points
Economic Times74 BSE500 stocks gave double-digit returns in February; can gains sustain?
In February, 74 stocks on the BSE 500 gained double-digit returns of up to 32%. Hindustan Petroleum Corporation, CONCOR, Bharat Electronics, and others were among the top performers. Anish Tawakley of ICICI Prudential AMC has turned cautious on PSU stocks. Key Points
Economic Times
These midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 20%, according to analysts
After a strong phase of outperformance , mid cap stocks are witnessing a a wave of profit booking move. Unlike the past few weeks, where a rotational profit booking was taking place, this time the correction is taking place across the board. Now how long it will continue will depend on how the SEBI advisory pans out and also how nifty moves. During this phase, analysts are bullish on select stocks from different sectors, some of which are either the leaders of their sector or part of the top three companies which are known to be well managed. Key Points
Economic TimesTechnical Breakout Stocks: How to trade Sona BLW, Intellect Design and PB Fintech on Friday
The S&P BSE Sensex rose nearly 200 points while the Nifty50 closed higher but failed to hold above the 22,000 mark on Thursday. Sectorally, buying was seen in power, public sector, metal, and capital goods stocks while healthcare stocks saw some selling pressure. Key Points
Economic TimesJanus Henderson trims Indian stock bets to chase ‘value’ in Korea
Foreigners have plowed $7.7 billion into Korean stocks this year, more than any other emerging Asian markets, according to data compiled by Bloomberg. They withdrew more than $3 billion from Indian stocks in the period. Key Points
Economic TimesCapital Group Says ‘Gentle Bubble’ Is Forming in US Tech Stocks
Capital Group Cos. is shuffling stakes in US technology names amid the blowout rally in the Magnificent Seven megacaps. Key Points
Hindustan TimesThese largecaps have ‘strong buy’ & ‘buy’ recos and upside potential of more than 20%
In the last year, the differential in valuation between, mid and largecap stocks has increased very sharply. This differential is even more striking given the fact it has come even in spaces like private sectors which have been getting premium valuation for decades. If the market remains under the control of bulls there is a probability that over the next few quarters, markets may see a mean reversion. It might happen both ways, midcap witnessing some profit booking and large caps doing relatively well in the corrective phase of the markets. The first indications of that appear to be already in place with some largecap companies from the manufacturing space doing well. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . The screener applies different algorithms for all BSE and NSE stocks. Key Points
Economic Times
Ahead of Market: 10 things that will decide D-Street action on Wednesday
In a bustling session, Nifty closed around 22,200 defending the previous session's low at 22,075 and, prompted a rebound to regain the initial lost ground, said Rajesh Bhosale, Technical Analyst, Angel One. The sentiment remained bullish throughout the day as intraday dips were met with buying interest, Bhosale added. Key Points
Economic TimesStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 37%
In the last two months, there have been phases where the nifty has witnessed a short correction which lasted for anywhere between two to four days. The only difference is that unlike the past when such correction took place, this time when corrections are taking place mid-cap segment also participated. This is indicative of profit booking happening at the broader market level. At this point of time, one cannot rule out volatility which can bring more damage to stock prices in the mid-cap segment. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesContinue with SIP in HDFC Bank & Asian Paints; 3 consumer stocks to bet on now: Sanjiv Bhasin
Sanjiv Bhasin recommends investing in marquee names like Patanjali, Bata, and Nestle, along with private banks and metal stocks. He believes the construction sector and the expected lower dollar will drive the growth of commodities in India. Bhasin also says he is very bullish on commodities and hence continues to have overweight on the metal stocks. Key Points
Economic TimesFor moderate risk takers with long-term perspective: 5 midcap stocks with up to 47% upside potential
As the Dalal street continues to be in party mode with minor correction and sectoral profit booking taking place, staying bullish would appear to be the most logical thing at this point of time. Why fight against a trend? While staying bullish, just add an element of caution. When we use the word caution, we mean stay with quality and especially if one is increasing exposure in midcap at this point of time. Use more stringent filters to pick stocks and cut the element of noise from investing. Quality stocks pay both in bullish and bearish markets conditions. Key Points
Economic TimesTechnical Breakout Stocks: How to trade ABB India, Tata Investment Corporation and Olectra Greentech on Fr
The S&P BSE Sensex rose over 500 points while the Nifty50 closed above the 22,200 level. Sectorally, buying was seen in auto, IT, capital goods and power stocks while some profit booking was seen in the banking space. Key Points
Economic Times
Pick and choose from 5 must-haves that are not cheap; NTPC is a buy among PSUs: Sanjiv Bhasin
Sanjiv Bhasin, Director of IIFL Securities, is bullish on stocks like ABB, Siemens, L&T, Cummins, and Thermax. He recommends Lupin as the top play in pharma. Bhasin suggests buying MCX and IEX. In IT. he is overweight on HCL Tech, Tech Mahindra, Persistent, and Coforge. His top picks include Hero Moto, Bosch, State Bank, Canbank, PNB, REC, PFC, NTPC, and Tata Power. Key Points
Economic TimesFor the trader and investor in you: A collection of stocks suitable for trading and investing alike
It is probably times like these, where valuations are high and the desire to trade and invest is also at a peak, one needs to set some rules, both for investing and trading. As a first step, have a well defined set of stocks, where one would invest and trade. So, that one does stray into stocks which are moving up just because there is sunshine all over the street. This might appear conservative to some as it limits the scope but being conservative is a way of bringing in discipline, especially when it comes to trading. So, out of a total universe of more than 3000 stocks, how about having a set of 50 non - nifty stocks which increase the probability of you making money both in volatile and trending markets and also satisfy your desire to be a trader and investor at same time. Key Points
Economic TimesBusiness and valuation tailwinds to help in outperformance? 5 Indian pharma stocks with upside potential o
Just before the whole market was consumed by the PSU rally, one sector that came into the limelight after many years of underperformance was the Indian pharma companies, yes they are very different in every sense from MNC pharma. During the PSU rally, these pharma stocks have been consolidating, however, in the last few days, some of them have once again started reacting to positive developments in the individual company indicating that there is money on the sideline that is ready to come into these stocks. Sectors like pharma which have seen a very long phase of business remodelling and valuation readjustment need to be brought back on the watch list. It might be too early to call, but if a re-rating gets momentum once again then they might be better candidates for volatile markets. Key Points
Economic TimesBofA’s Hartnett says US tech in a bubble that’s waiting to pop
The appetite for tech stocks has been relentless this year, with an index of Magnificent Seven notching additional almost 12% so far in 2024. And the latest fund flow data shows global investors are adding to their bets. Key Points
Economic TimesFor moderate risk takers: 5 midcap stocks from different sectors with potential upside of up to 36%
Unlike last quarter of 2023, when nifty and sensex used to witness correction and mid-cap index was able move higher. Since the start of 2024, the mid-cap index is also participating in the correction, clearly indicating that some profit booking is taking place in this segment of the market. Having said that, if one looks at the flow of money to the mutual funds, a good amount of it is still coming in funds which are focussed on mid or small cap. There is no way one can fight with liquidity, if it is going to mid caps and they are moving up irrespective of valuations or quality of stocks one cannot argue. But the only thing which as an investor one can do is to be careful when taking exposure to this segment of the market. Stay away from stocks where there is a narrative that this sector will do well because of ABCD reasons or the company will get such and such orders worth this much. There is enough evidence in history to show that more than anything else, checks and balances are most important at this point of time, while making investment decisions. Key Points
Economic Times
Technical Breakout Stocks: How to trade HDFC Bank, Bosch & Kalpataru Projects on Thursday
The S&P BSE Sensex rose over 200 points while the Nifty50 closed above 21,800 level. Sectorally, buying was seen in oil & gas, public sector, energy and metal stocks while selling was seen in IT and healthcare stocks. Key Points
Economic TimesSmallcap stock screener: 14 czar-chosen tiny titans soar up to 57% in 6 weeks
The ace investor owns more than 50 stocks, the value of which is estimated to be around Rs 5,000 crore. While multibagger BSE is his largest bet where he held around 1.5% stake at the end of the December quarter, 11 of his bets have given double-digit returns in 2024 so far. Key Points
Economic TimesRelative outperformer candidates for a volatile market? A mix of large and midcap IT stocks
On Monday, when the whole market was reeling under pressure, there was one sector which was able to keep its head above water both at the level of indices and internal market breadth of that sector. It was IT sectors, it is not the first time that this relative outperformance has been witnessed on the street, in recent months, there have been instances where on the day market has been under pressure, IT stocks have moved upward. The only difference is frequency, magnitude and the breadth of the sector which is involved on the day of outperformance by the sector. Frequency has increased, more IT from large cap are able to relatively outperform and magnitude of up move is better as compared to earlier. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Key Points
Economic TimesTechnical Breakout Stocks: How to trade Hero MotoCorp, JBM Auto and Star Cement on Tuesday
The S&P BSE Sensex fell more than 500 points while the Nifty50 managed to hold on to 21,600 levels. Sectorally, buying was seen in healthcare and IT stocks while public sector, utilities, telecom and realty stocks saw some selling pressure. Key Points
Economic TimesAdvantage of large market size or annuity: 4 largecap stocks from different sectors with an upside potenti
There are some sectors where the macro structure is such that for one or the other reasons the overall growth is higher. This is not to say that growth comes without phases of slowdown, but when tailwinds come they are able to take care of all the slowdown and over a period of time, growth is much better. So, at times valuations are high, take exposure to stocks and sectors where at least there is high probability of growth ensuring that over a period of time, valuations get normalized. When we talk of market size it is not only India but in some cases global markets also. Second, look at business that is bound to grow as markets expand and every transaction brings in some money to the topline and industry structure is such that cost does not grow in the same proportion leading to higher and stable margins. Key Points
Economic Times
Technical Breakout Stocks: How to trade Olectra Greentech, Birla Corp and JK Lakshmi Cement on Monday?
Indian markets pared losses from the previous sessions and closed higher on Friday. The S&P BSE Sensex rose 167 points while the Nifty50 closed above 21,700 levels. Key Points
Economic TimesThese midcap stocks with ‘strong buy’ & ‘buy’ recos can rally over 20%, according to analysts
The way mid-cap stocks have performed in the last few days, it appears that a rotational correction is taking place. The only solace is that the street is rewarding the stock if there is any positive development which indicates that there is still fresh money which is on the sideline which moves into those stocks. But on the other hand, on a day when there is any correction, the cuts are sharper and market breadth turns extremely negative. For investors who have high exposure to mid-cap space, there is one key indicator to watch is FPI flows. But in this time also the analysts are bullish in select midcap stocks from different sectors. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or strong buy . This predefined screener is only available to ET Prime users. Key Points
Economic TimesONGC, Oil India shine among OMCs; won’t make money by blindly buying PSU stocks at this level: Chakri Loka
The PSU sector has gained attention, but the market cap and valuations of individual stocks are not overheated in the long-term context. Now we can expand the story to many of the other stocks in the PSU space. While many PSU stocks have seen significant gains in the past year, caution is advised in blindly buying at current levels. Key Points
Economic TimesStay bullish, just know how to calibrate risk: 6 smallcap stocks with upside potential of up to 35%
Lower oil prices, softer inflation, better than expected GDP numbers, clear indication of interest rates coming down, policy continuity and finally strong price action by the bulls. There are many reasons for the current state of the smallcap segment. Whatever the conditions or tailwinds, one basic principle should never be forgotten. When it comes to equity as an asset class, smallcaps are always the riskiest place to take exposure so always be cautious. On the other hand, if one can find right smallcap stock at the right time, gains are much higher. But it is not an easy task to find the right stock. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks and lists stocks that fulfill the various criteria as specified in the algorithms & filters to find those that might help navigate the market. Key Points
Economic TimesTechnical Breakout Stocks: How to trade EIH, YES Bank & Adani Green on Thursday
Buying was seen in media, PSU banks and realty stocks while Nifty IT ended 1.25% lower. SBI ended 4% higher while TCS, Infosys and Tech Mahindra ended 1-3% lower. Key Points
Economic Times
Put checks and balances: 5 midcap stocks from different sectors with potential upside of up to 34%
The movement of nifty and sensex needs to be delinked with what has happened in the last quarter and what might happen to mid-cap in the coming quarter. There is no way one can fight with liquidity, if it is going to mid caps and they are moving up irrespective of valuations or quality of stocks one cannot argue. But the only thing which as an investor one can do is to be careful when taking exposure to this segment of the market. Stay away from stocks where there is a narrative that this sector will do well because of XYZ reasons. At this point of time there is no dearth of tips floating in whatsapp group and telegram channels. But there is enough evidence in history to show that more than anything else, it is time to use checks and balances while making investment decisions. Key Points
Economic TimesStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 36%
The script of the up move in the markets continues to be the same, PSU’s, so whether it is PSU banks or any other non-bank PSU, on the list of top gainers is being dominated by them once again. Well there is no point in guessing till when this up move can continue in in PSU space, but if one is looking for investing in non- psu space, it would be better to focus on fundamentals and if there is any improvement in them which has made the overall score go up in the last one month then have a look at those stocks. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesFor investors with moderate risk appetite? 5 midcap stocks with right RoE and upside potential of up to 44
In a market where bulls are ruling every corner of the street, and stocks are either fairly valued or overvalued. The big question is how does one take care of the basic aspect of buying good quality stocks at reasonable valuations. While in this market reasonable valuation might be difficult to find so it would be better to focus on finding quality business knowing full well that one is paying premium in euphoria. Just do a little hard work and ask some questions about the business one is going to be owning after one buys the stock. This is specially required if one is taking exposure to the companies in the mid-cap space as these stocks are prone to more price damage when there is a correction. Key Points
Economic TimesStock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 32%
After a short rational correction, bulls were once again seen on every corner of the street. While being bullish, it is extremely important not to forget the fact valuations are high and everything seems to be priced to perfection. In such conditions, for investors who are looking to increase their exposure to stocks, it would be better to focus on fundamentals and if there is any improvement in them which has made the overall score go up in the last one month then have a look at those stocks. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame. Key Points
Economic TimesNifty IT index stocks: Time for contrarian buying?
After a long phase of almost two decades, during Covid there was a sudden phase of expansion in price earning multiples which IT stocks were getting. Now as nothing is permanent on markets, a phase of mean reversion or readjustment of valuations started after October 21. It has been more than two years that largecap IT stocks have been going through this and after a gap of a long time, they are showing some early indications at worst might be over. But because there has been a major technological shift in the last two years, it is a trade that only investors with patience should look at taking. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk, and price momentum to generate standardized scores. Key Points
Economic Times