Top 10 most sold midcap stocks by mutual funds, PMS and ULIPs. Do you own any?
Dalal Street's midcap stock debate intensifies as investors make strategic moves. Significant exits and new picks impact the market. Portfolio adjustments indicate shifting trends in the sector, with focus on specific stocks for potential growth and stability. Key Points
Economic TimesWhy Christy Mathai finds value in private sector banks now
Christy Mathai of Quantum AMC emphasizes value in private banks, FMCG, and autos despite high valuations. Caution is advised due to potential corrections in certain sectors like autos and durables amid competitive pressures. Mathai is looking at around 12% to 13% earnings growth in Long Term Equity Value Fund going into FY25. Key Points
Economic TimesNifty 50 target for March 2025 at 24,800, says ICICI Securities; L&T, BHEL, Zomato, M&M, SBI Life among top picks
Nifty 50 index expanded 31% from the lows of March 2023, as against a trailing earnings expansion of around 18% during the same time, thereby resulting in valuations expanding from a reasonable 17.5x to an elevated 20x on a forward earnings basis. Key Points
mintBuffett’s Berkshire posts record cash as operating earnings rise
International Business News: Warren Buffett’s Berkshire Hathaway Inc. posted an increase in operating earnings as higher interest rates and fewer catastrophes benefited the conglomerate’s insurance business. The firm reported fourth-quarter operating earnings of $8.48 billion, versus $6.63 billion for same period a year earlier. The results were helped by a jump in insurance underwriting earnings and investment income amid higher interest rates and milder weather. The firm’s cash pile also set a fresh record at $167. Key Points
Times Of IndiaCiti replaces RIL with BPCL post Q3 earnings; a look at its model portfolio and earnings upgrades/downgrades
Post the earnings, brokerage Citi is overweight on PSU Utilities & Defence, Industrials, Banks/Insurance and underweight on Consumer Discretionary, IT Services, and Metals. Its December 2024 NIFTY target is 22.5k, which indicates a 2 percent upside. Key Points
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Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 38%
While it might be too early to call or to some it might appear to be wish of which bears on the street would have, but the way the market breadth has panned out, there is probability of a selective correction taking place, which is essentially led by the profit booking. At this time if one is looking to increase exposure, it would be better that they should look for stocks where there are some improvements in the business operating matrix that tend 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 TimesMotilal tweaks FY25 earnings outlook of Tata Motors, ITC and 8 other companies after Q3 show
The aggregate earnings of the companies in the MOFSL universe exceeded expectations and rose 29% year-on-year (YoY) versus an estimated 19%. earnings for the Nifty-50 jumped 17% YoY versus an estimated 11%. Key Points
Economic TimesQ3 results today: Hero MotoCorp, Mamaearth, Tata Power among 350 companies to announce earnings
Hero MotoCorp is slated to release its earnings for the December quarter later today, and the countrys largest two-wheeler maker is expected to put up a robust show across key parameters. The automaker is likely to report a healthy double-digit growth in earnings on the back of robust sales volumes and higher realisations. Key Points
Economic TimesUS earnings Week Ahead: From Alphabet, Meta to Apple - 7 tech companies to post record revenues
Along with Microsoft Corp., which just hit a historic $3 trillion market valuation, Alphabet Inc., Meta Platforms Inc. and Amazon.com Inc. are set to post record revenues for the quarter, underscoring the strength of the US economy. Key Points
mintRIL Q3 results today: What to expect from the conglomerate; how to trade the stock?
Reliance Industries (RIL) is set to release its December quarter earnings, and investors are cautious. RIL shares have gained 6% in January. The earnings will determine the sustainability of the gains. Consolidated revenue is expected to rise 5% YoY to Rs 2.31 lakh crore. Consolidated net profit is expected to grow 9.3% YoY to Rs 17,257 crore. Reliance Jio Infocomm and the retail business are expected to perform well, while the oil-to-chemicals business may see a drop in earnings. RIL shares have fallen post-earnings in the past. Key Points
Economic Times
Expect a deeper correction; not buying anything at this point of time: Dipan Mehta
Dipan Mehta predicts a tough earnings season with volatility and muted earnings for blue chip companies due to high expectations and the base effect. He advises trimming positions and not investing further at these levels. He expects a deeper market correction and suggests booking profits, especially in stocks with suspect fundamentals. Mehta believes that financials may face minor headwinds, but the longer-term positive trends in NBFCs and banks will not change. He advises waiting for earnings results before making investment decisions. Key Points
Economic TimesStocks fall, yields inch higher; focus on upcoming US inflation data, earnings
By Caroline Valetkevitch NEW YORK (Reuters) - Global stock indexes fell and Treasury yields edged higher on Tuesday, with investors bracing for key U.S. inflation data this week and the start of Key Points
ThePrintWere expectations of FII flows coming back with a bang in 2024 misplaced? Shibani Sircar Kurian answers
Shibani Sircar Kurian says: “So far earnings have been predominantly led by domestic businesses, which are still holding up well. The second sector, which has also been a key contributor to earnings has been the banking sector. Incrementally, we are seeing some degree of margin pressure and therefore, you need to moderate earnings from that perspective.” Key Points
Economic Timesearnings delivery should continue to be good; this is a multi-year phenomenon for us: Rahul Bhuskute
Rahul Bhuskute says: “There have been more upgrades than downgrades and that will continue this year. So, logical solid grounds for the Indian markets to do well. We expect the earnings based underpinning to continue in the next year. So, from that perspective, at least we are in the camp that from the perspective of earnings, the market should see a good outlook even next year.” Key Points
Economic TimesETMarkets Smart Talk: Indian market is currently not in bubble zone, but some are in euphoric zone: Rohit
Small & midcaps had a tremendous run in the last 2-3 years and have significantly outperformed the largecaps over the same period which has stretched the valuations of the small and midcap space. However, within the space, there are still quite a few companies that are likely to not only deliver better earnings than largecap companies but are also available at decent valuations. Key Points
Economic Times
ETMarkets Smart Talk: India stands out in terms of growth and policy stability albeit at higher valuation:
If we were to look at consensus earnings estimates for FY24/FY25, this number has been upgraded with each passing quarter depicting the resiliency of earnings. We expect earnings resiliency to continue and be supportive of the markets in general. Banking has been trailed by the broader indices despite strong earnings and trade at reasonable valuation; we expect it to do well. Key Points
Economic TimesAshutosh Bhargava is looking at the power sector for compounding ideas. Here’s why
“Globally, data show that the worries related to hard lending and earnings which are coming, are turning out to be better than most people's expectations. We are going into 2024, which to my mind is going to be a relatively more boring, slow recovery kind of year for the global economy.” Key Points
Economic TimesGlobal markets today: Wall Street, European stocks dip on cloudy earnings
World markets today: The MSCI's gauge of stocks across the globe shed 0.75%. Key Points
mintStock pickers sidelined with world events overshadowing earnings
The current earnings season is being overshadowed by macroeconomic forces such as conflict in the Middle East and surging Treasury yields. As a result, S&P 500 Index constituents are moving in unison as global events sway the markets. This is making it difficult for stock pickers to outperform their benchmarks, with only 37% of large-cap active managers outperforming their benchmarks as of September. Investors are now looking to Big Tech giants' earnings next week for signs of whether Wall Street projections are too optimistic. Key Points
Economic TimesQ2 results, yield movement, FII flows among 7 factors likely to hog Dalal Street this week
Indian benchmark indices ended the week with a net loss of over 1% due to factors such as rising US bond yields, firm crude oil prices, and weak earnings from IT companies. The upcoming week is expected to be volatile as several companies are set to release earnings and the October derivatives expiry is due. The Nifty 50 may trade within a range of 19,300 to 19,850, with the potential for a significant move in either direction Key Points
Economic Times
Brokers retain ITC price targets after Q2 results
ITC shares fell 2.75% to close at Rs 438 on Friday. The average price target on ITC of all analysts compiled by Bloomberg following the second quarter results is at Rs 509.33, implying an upside of almost 16% over Friday's closing. Key Points
Economic TimesTop Nifty50 stocks analysts suggest buying this week
Earnings rating is calculated based on three factors - earnings surprises, estimate revisions and recommendation changes. Profitability, debt, earnings quality and dividend trends are evaluated under the fundamentals component in the report. Relative valuation has three components - price to sales (50% weight), trailing P/E (25% weight) and forward P/E (25% weight). These metrics are evaluated against the overall market, index and company’s own historic 5-year averages. Key Points
Economic TimesExpect 21% growth in Nifty earnings for this quarter: Siddhartha Khemka
“In terms of valuations, wWithin the cable and wire segment, PolyCab and KEI are the two companies which have been come up with consistent earnings delivery. Those are the places to play the housing theme or the real estate theme. These two companies could be the preferred picks within the segment. ” Key Points
Economic TimesScope for Nifty and generally markets in India to go up are tremendously high: Deepak Shenoy
Premiumisation is happening in a meaningful way. Income levels have gone up at least for a relatively small percentage of the population but that is really the India that can be targeted in a meaningful way by most of the players – be it cars or food delivery and all of that stuff. We will be surprised by how much Indians are willing to pay for entertainment, tourism and travel. Key Points
Economic TimesNifty EPS outlook for FY24 raised by 2.5% on strong Q1 results: Motilal Oswal; remains Overweight on financials, autos
As per the Q1 results, the earnings growth during the first quarter of FY24 was fueled by domestic cyclicals, such as BFSI and Auto. Healthcare made a strong comeback with 24% earnings growth after six consecutive quarters of flattish earnings. Key Points
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Very steady growth likely in industrial pack; improving margin in FMCG: Shibani Sircar Kurian
“As of now, the earnings season has been panning out pretty much in line with estimates. Financials continue to show fairly strong numbers, especially some of the private sector banks which have reported numbers so far. Overall, it is pretty much a good set of numbers. The IT sector has seen a muted set of numbers but that was again more or less in line with estimates.” Key Points
Economic TimesBe slightly cautious and take some money off the table: Varun Lohchab
Market experts suggest that the current earnings season in India has been lacklustre, neither a big hit nor a miss. While largecaps do better when inflation is high, midcaps and smallcaps might do better this quarter on account of easing commodity inflation pressure. However, the overall upside in the market looks capped for the rest of the year, and it may be time to reduce equity exposure. Consumer discretionary, capital goods, and some autos and cement stocks are starting to look expensive and overbought. Key Points
Economic TimesTesla, ABB, TSMC get Q2 earnings off to downbeat start
ABB (ABBN.S) warned on Thursday of slowing Chinese demand, Taiwanese chipmaker TSMC forecast a drop in 2023 sales and Electrolux cautioned shoppers are seeking cheaper appliances, deepening worries about global corporate and economic health. Key Points
ReutersHDFC Bank, Tata Elxsi, LTI Mindtree, others Q1 results to watch out in next week from July 17-21; check list here
Banks will dominate upcoming earnings reports, but there are also tech companies reporting. IT sector faces uncertainty due to selling pressure. Key Points
mintInfosys, TSMC earnings to reveal extent of global tech downturn
The earnings season is about to start next week in Asia, with Taiwan Semiconductor Manufacturing and Infosys Ltd set to announce results. The downturn of the global tech industry has deepened after the pandemic and recession fears affected consumer sentiment. The curbs imposed by China on two essential metals used in chips Key Points
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Factbox: Analysts guarded as AI-driven US stock rally faces earnings test
Analysts are cautiously optimistic as second-quarter reporting season rolls out amid this year's rally in U.S. stocks fueled by optimism over artificial intelligence (AI) and a resilient U.S. economy. Key Points
ReutersBanks to brighten India Inc earnings amid IT uncertainties
Indias banks have largely remained insulated from a global crisis in the industry with their heavy reliance on local markets. Meanwhile, the nations consumer and capital goods companies are expected to benefit from commodity prices that have come off peaks seen after Russias invasion of Ukraine. Key Points
Economic TimesHow long will the equity party of 2023 last? Deepak Shenoy answers
The Indian market's valuation has corrected from a PE of 24-25 to 20-21 times earnings. The market is currently hitting an all-time closing high as valuations have corrected and party typically starts after a PE of 22-23, making the equity party not overheated in any significant way. Although Patanjali Foods promotes a homegrown FMCG brand with extensive distribution, it still needs to prove its worth in the market. However, its relatively positive corporate governance front makes it more attractive. Key Points
Economic TimesNifty rally may spark risky behaviour. Top 17 stock picks from ICICI Securities
ICICI Securities warns that investors are increasingly willing to take higher risks for lower returns as the Nifty approaches record highs. The shift from abnormally low interest rates to normal levels may limit equity returns from risky assets. The brokerage firm predicts a modest 8% upside from the current levels, with SBI, Bharti Airtel, and BHEL among its top picks. Despite this risk, ICICI Securities notes that the earnings outlook has improved, citing the Q4FY23 earnings season, which saw a significantly higher number of beats and in-line results as compared to misses. Key Points
Economic TimesQ4 results today: Adani Transmission, IRCTC to Sobha - these companies to announce earnings on Monday, May 29
The share of the information technology sector in the overall corporate profits pool plunged to at least a 21-quarter low of 9.7% in the March quarter, a Mint analysis of the latest corporate earnings data showed. Key Points
mint
Q4 results this week: ITC, SBI, Zomato, IndiGo, Indian Oil, Airtel and others
Several Indian companies, such as Indian Oil, SBI, Bharti Airtel, and ITC, are set to announce their fourth-quarter results this week. The investor community is keenly waiting for these numbers amid mixed quarterly results from IT firms but strong numbers from banking and financial institutes. Listed companies like Punjab National Bank, Divi's Labs, Power Grid, Muthoot Finance, and FMCG major ITC will disclose their earnings between May 18 and May 20. Key Points
Economic TimesDeepak Shenoy on ONDC effect on Zomato & also what caused the U-turn in market sentiment
Indian earnings are back on track with 15% median earnings growth for the Nifty companies having been announced. Coming to whether ONDC will badly impact Zomato, Shenoy says Blinkit is a bigger problem for Zomato compared to what ONDC will do on the food side of the business. The 10 minute delivery is not a greatly successful model for India right now. Key Points
Economic TimesQ4 earnings Scorecard: What's the Street view and which stocks to buy now
The earnings of 26 Nifty companies that declared March quarter results have increased by 10% YoY, driven by financials, according to Motilal Oswal Securities. earnings momentum continued in the banking pack, with most lenders reporting growing margins, while consumer earnings growth remained flat YoY. Companies in both consumer and IT have reported weak earnings and a bleak outlook for growth this year due to muted consumption growth and expected global macroeconomic slowdown. Kotak Institutional Equities predicts moderate earnings growth over FY24-25 with few upgrades across sectors and has added Adani Ports and SEZ to its largecap portfolio. Key Points
Economic TimesUS Stocks: Wall Street set for gains after upbeat BofA, J&J earnings
The CBOE Volatility index, also known as Wall Street's fear gauge, slipped to 16.9, its lowest since January 2022. Key Points
FinancialexpressInflation data, earnings, global trends to guide market movement this week: Analysts
Investors would also focus on the movement of crude oil prices and the trend in the rupee against the US dollar.Wholesale Price Index (WPI) inflation data for March would be released on Monday. Key Points
Financialexpress
Are the bulls back for good? Dipan Mehta decodes the market
Experts are optimistic about a sustained rally in the Indian stock market, with the first half of the earnings season expected to be positive. Institutional investors are making selective buys in companies with attractive valuations in comparison to peers, including Max Healthcare, Piramal, and Aurobindo. The healthcare and pharmaceutical sectors are predicted to have sustainable expenses, making them a safe investment option. Aurobindo is seen as particularly attractively valued and could see a surprise earnings boost from factors such as base effect, new launches, or rupee depreciation. Key Points
Economic TimesNifty 25% cheaper from October 2021 peak, but is it cheap enough?
Nifty now looks fairly valued. The markets are slaves to earnings in the long run. If there is earnings growth in the next two quarterly earnings, the margin of safety increases, said Kranthi Bathini of WealthMills Securities. Key Points
Economic TimesQ3 Review: Siemens, SBI among top 2 stocks that could give 12-14% return in next 12 months
The aggregate earnings of the MOFSL Universe companies exceeded our expectations and rose 29% YoY (vs. our est. of +19%). Key Points
Economic TimesCapex, pharma and auto sectors to come up with better earnings in Q3: Vinay Jaising
Vinay Jaising says: As far as financials are concerned, it would be business as usual which is superb loan book growth whatever numbers, we have seen of loan book growth coming out so far have been between 15% and 20% apart from maybe BOB, which was at about 13%. The IT sector will not grow the revenues of the sector as far as this quarter's earnings are concerned. Key Points
Economic TimesWarren Buffett sees no chance of ‘eye-popping’ results with record cash
Berkshire Hathaway Incs cash hoard jumped to a record at $167.6 billion in the fourth quarter as the conglomerate struggled to find deals at attractive valuations. The company also reported fourth-quarter operating earnings of $8.48 billion, versus $6.63 billion for the same period a year earlier, helped by an increase in insurance underwriting earnings and investment income amid higher interest rates and milder weather. Key Points
Economic Times
Manufacturing, private capex and exports are drivers of corporate earnings over medium term: Saion Mukherj
Saion Mukherjee says: “As we see traction in manufacturing, our expectation is that we will also see a very strong pickup in private capex. So manufacturing, private capex, exports, would be the drivers of corporate earnings over the medium term. Of course, this would have a ruboff effect on consumption as we go forward.” Key Points
Economic TimesHow to earn money online: 8 work-from-home jobs to choose from
There are many opportunities available online that let you work from home. Here are a few options you can consider. Key Points
Economic TimesQ2 Results: Stable earnings in FY24 but outlook remains cautious for FY25; Five key trends in Q2 earnings revealed
FY25E earnings at risk due to fading margin tailwinds. High valuations and slowing top line keep brokerage cautious. Overweight stance on FMCG, IT, autos, telecom, internet, and pharmaceuticals. Underweight call on BFSI, industrials, commodities, and durables. Key Points
mintVolatility to persist in Indian market for next 3-6 months: Nishit Shah
After a very long time the capex cycle has picked up in India and if we historically see whenever the capex cycle picks up, it generally goes on for six to seven years and government focus is clearly on that side. Manufacturing is the base that they want to take it up, so we are very confident on capex as a theme going forward. Key Points
Economic Times3 Tata cos among 9 Nifty stocks that saw over 5% upgrade in FY24 EPS estimates
Brokerage Motilal Oswal has upgraded EPS estimates of nine Nifty stocks. The list includes state-run Coal India, auto major Maruti Suzuki and JSW Steel. Coal India topped the charts with an EPS upgrade of 18.1%. Others with over 5% upgrades include Maruti Suzuki (10.2%), JSW Steel (8.2%), Cipla (7%), Hero MotoCorp (6.9%) and Mahindra & Mahindra (5.3%). Key Points
Economic Times
Markets will react to Infosys, HDFC Bank Q4 earnings on Monday; global trends, upcoming results to dictate the week
Markets have been in a 9-days rally in a row! They have been in green on all days of April hence. From March 29 to April 13th, Sensex skyrocketed by over 2,817 points or 4.9%. While Nifty 50 jumped by over 876 points or 5.2%. Key Points
mintSensex crashes 671 points; 4 reasons why bears growled on D-Street today
The overall sentiment was hit globally after data in the US showed that non-farm payrolls increased higher than expected by 216,000 in December. While the US Fed has guided for three rate cuts in 2024, the strong jobs report diminished prospects of early cut in interest rates by the US Fed. Key Points
Economic TimesQ2 earnings, global cues among 8 factors to drive Dalal Street this week
As the earnings near the fag end, a plethora of companies are scheduled to release their second-quarter earnings in the week ahead. Divis Laboratories, FSN E-Commerce, Power Grid Corp of India, Adani Ports and SEZ, Apollo Hospitals, Bosch, Zee Entertainment Enterprises, LIC, Oil and Natural Gas Corp, Coal India, M&M, HAL, and Hindalco Industries are among the big names to watch out for. Key Points
Economic TimesIndia’s earnings growth to be one of the strongest in Asia, upbeat on IT, banks: HSBC
India's economic growth, which is one of the strongest in Asia, is expected to continue next year, according to James Cheo, CIO for Southeast Asia, Global Private Banking and Wealth at HSBC. This is due to a rebound in consumer demand, a healthier banking sector, and improved earnings outlook, particularly in the banking and IT sectors. Cheo also predicts that digitalisation will continue to bolster spending in the informal economy, and the weaker USD trend will keep the rupee stable, making Indian local currency (LC) government bonds more attractive. Key Points
Economic Times