Friday, March 21News That Matters

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Indian Stock Market – Buy/ Sell / Hold – What to do?

Indian Stock Market – Buy/ Sell / Hold – What to do?

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The Indian stock market has seen a significant correction since October 2024, with Nifty corrected 16% from its high and oher indices fell 21% (Midcap 50) and 25% (Small Cap 50). The pain is much deeper in individual stocks which has fallen 50% from its high. Reason 1: Persistent selling by FII Indian equities have faced heavy selling by FIIs, with outflows exceeding ₹3.4 lakh crore in the in last 5 months. This trend began in late 2024, driven by global trade tensions, rising U.S. bond yields, and a stronger dollar. Additionally, investors shifted funds from India to other emerging markets like China, further pressuring Indian market Reason 2: High valuations and Earning Slowdown The Indian market was trading at high valuations, making it vulnerable to corrections....

Stocks for your portfolio – Brokerage gives target of upto 33%

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Stock to Buy: The Nifty saw a decline of 573 points last week and has moved below its 21-day moving average. The range of 23,200 to 23,300 is a strong support level for Nifty. If this breaks, the index could touch 22,900. Amid market weakness, brokerage firm ICICI Direct has recommended investing in fundamentally strong stocks and has identified four stock picks, including one PSU stock. Just Dial Share Target: ₹1,360 Brokerage firm ICICI Direct has recommended buying shares of Just Dial, with a target price of ₹1,360 per share. The current price of the stock is ₹1,034.60, offering a potential return of more than 31% over the next 6-12 months. Just Dial leads the local search engine segment in India, and with the expected long-term growth from its B2B platform JDMart, there is optim...

Goldman Sachs picks from Banking Stocks

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Global brokerage firm Goldman Sachs has revised its outlook on banks from a 'Goldilocks period' to a 'muddle-through scenario,' expecting further earnings-per-share cuts. Goldman Sachs sees multiple trends playing out for the sector including: 1) Consolidation of credit growth especially consumer retail for households due to higher leverage, 2) Higher credit costs as various loan segments face a credit downcycle, 3) Weaker PPOP-ROA driven by subdued net interest margins (NIMs) and rising operational expenses. The brokerage firm has lowered its earnings per share estimates by 1.5% for FY25, 4.8% for FY26, and 5.6% for FY27. The foreign brokerage advises a selective approach, downgrading IndusInd Bank to 'Neutral' and reducing its target price to ₹1,090. 2. Goldman S...
Indian geospatial sector – Top Stocks to buy in 2025 – Brokerage sees up to 46% upside

Indian geospatial sector – Top Stocks to buy in 2025 – Brokerage sees up to 46% upside

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Aditya Birla Money is bullish on stocks from geospatial sector. The brokerage firm in its report dated January 8, said, "The National Geospatial Policy, 2022, coupled with the government’s focus on infrastructure growth, positions the Indian geospatial sector for decadal growth. The policy has redefined the industry’s trajectory by setting accuracy standards for foreign entities, creating a regulated environment that protects domestic players, limits foreign competition, and expands opportunities for Indian companies. , Aditya Birla Money noted. "Backed by increasing government support, recognition of geospatial technology’s importance across sectors, and emerging applications, the sector is poised for sustained growth." The market is expected to grow from Rs 30,000cr in FY24 t...
2025 stock picks: Geojit Financial

2025 stock picks: Geojit Financial

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According to brokerage Geojit Financial Services, the outlook for 2025 signals promising opportunities for sectors such as chemicals, defense, infrastructure, and renewable energy amid strong domestic demand and supportive government policies. 1. Chemicals India’s chemical industry is set to witness a revival, driven by domestic demand and the “China+1” strategy. After challenges like muted demand and pricing volatility in FY24, H2FY25 is expected to bring strong growth in revenue and profitability. Geojit's top stock picks for 2025 in this sector include PI Industries, Vinati Organics, Aarti Industries, and UPL, which are well-positioned to benefit from global production diversification and value-added manufacturing. 2. Defense India’s defense sector is thriving, fueled b...