STOCK BETS
Cuts in bearish foreign F&O bets set stage for 4-5% gains
Foreign portfolio investors (FPIs) reduced their net bearish bets in index futures to 1.54 lakh contracts on Friday from 2.01 lakh the previous day. This resulted in foreigners' long-to-short ratio - a measure of the number of their bullish positions versus bearish - in index futures rising from 23% at the start of the month to 31% as of November 22, according Ajit Mishra, senior vice president, Research at Religare Broking.
Sudeep Shah's top bets from PSU Banks and realty pack
?So, I feel overall now, let us stick with that support zone of 23,500 until this zone holds, this upside could continue up to 23,800, 23,900 zone in the coming few sessions.
Nazara bets big on acquisitions to fuel future growth
Nazara Technologies' stock surged despite a weak Q2 performance, driven by strategic acquisitions aimed at boosting revenue and margins. The company, focusing on esports and skill-based gaming, has seen promoter and institutional investor holdings decrease. Analysts remain optimistic about Nazara's growth prospects, citing potential profitability improvements from recent acquisitions.
BFSI's 15% YoY Q2 earnings growth outperforms Nifty handsomely. HDFC Bank, ICICI Bank among analysts top bets
Strong second-quarter earnings from India's banking and financial services industry (BFSI) are attracting investors, with brokerages bullish on large banks and NBFCs. Despite a recent market dip, experts predict a rally once the Reserve Bank of India begins cutting interest rates. Analysts highlight banks' robust profits, stabilizing interest margins, and the potential for growth in the sector.
Deven Choksey on 2 themes to bet on in a volatile market
Market analyst Deven Choksey expresses strong optimism for India's renewable energy sector, particularly solar and wind power generation. While bullish on EPC and distribution prospects, he advises caution regarding the high valuations of renewable energy companies. Choksey also favors the insurance sector, particularly LIC, citing its strong financials and distribution network.
Contrarian bets: These 5 metal stocks can deliver more than 31% return in 1 year
Just a few weeks back, when the Chinese economic stimulus package was being talked about on the street, it was all about metal stocks and how metal prices were going to rise due to a possible demand revival in China. But with Donald Trump now president-elect in the US, the narrative has changed ¨C and metal stocks have also corrected. It is probably time to be a contrarian and get them on your watchlist as a surprise from China can never be ruled out. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ¨C earnings, fundamentals, relative valuation, risk, and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Tesla options draw 'euphoric' trading as Trump win fires up stock
Tesla shares surged by 8% due to investors' optimistic outlook on Elon Musk's connection with then President-elect Donald Trump. The stock reached its highest point in over two years. Trading activity in Tesla options was exceptionally high, with a significant portion concentrated in short-term contracts. Analysts suggested that a Trump administration could be advantageous for Tesla.
Why Samir Arora would rather bet on food delivery companies now
Samir Arora, Founder of Helios Capital, is focusing on high-growth sectors like food delivery, exemplified by his investments in Zomato and Swiggy. He believes these companies have the potential to grow at 30% for the next few years. Arora is avoiding companies that have recently disappointed, arguing that their bull run is over and their excuses are unacceptable.
Trump's chances plummet, election prediction markets tilt heavily towards Harris after poll shows she is winning Iowa
In a surprising twist just before Election Day, Vice President Kamala Harris is pulling ahead of former President Donald Trump in a key Iowa poll, shaking up the prediction markets that once leaned heavily in his favor.
List of 'Most Wanted Stocks 2023' beats Sensex; delivers 31.5% returns
Continuing with the ET Wealth track record, the 2023 picks have also outperformed the BSE 500.
Financials and renewables are the next big bets, says Nilesh Shah
Nilesh Shah from Envision Capital believes consumer demand in India is growing thanks to aspirational spending, despite disruptions from new market entrants. He emphasizes the need for job creation, upskilling, and private capital expenditure, prominently investing in sectors like financials, renewables, and smaller IT firms with growth potential.
Anshul Saigal on whether investors should bet on auto stocks
Tractors and then if you look at CVs, I think that in that segment there will be stock-specific opportunity, not a broad-based trend that one will see in that segment. So, you will have to look at autos as different segments and take calls accordingly. This will be much more of a stock-specific space to be investing in rather than a broad trend that you can see in the segment as a whole. I think that that is the way to approach this space.
Cracker Stocks: Gurmeet Chadha on 3 themes to bet on in Samvat 2081
Gurmeet Chadha from Complete Circle Consultants highlights long-term investment opportunities in the energy sector, particularly with NTPC, Tata Power, and Power Grid. He also points out the potential of new-age tech businesses like Zomato and Policybazaar, and strong prospects in the financial sector with banks like ICICI, Federal Bank, SBI. He likes Bharti Airtel in telecom.
Go overweight on pharma; buy midcap IT basket, tier II PSU banks now: Dipan Mehta
Pharma stocks are currently seen as a strong investment due to robust earnings potential. Midcap IT stocks are outperforming their largecap counterparts. L&T's entry into the power equipment sector might increase competition. FMCG sector growth appears slow, but niche categories may offer opportunities. Tier II PSU banks are also showing potential despite higher valuations.
Give Leverage, Will Trade: MTF book rises to Rs 84,800 cr
The money borrowed under the brokers' margin trading funding (MTF) facility - a system allowing investors to borrow to buy shares they cannot afford - swelled by 50% jump last week from March 31, as interest rate cuts on loans for trading in the market recently has encouraged individuals to use more of this funding product.
Nifty may attain 27,867 in one year, says Prabhudas Lilladher, bets on BEML, HDFC AMC
Prabhudas Lilladher has given a one-year target of 27,867 for Nifty at its 15-year average PE of 19.1x. The brokerage firm has conviction on stocks like BEML, Cyient, and HDFC AMC among others. The market has shifted in favor of defensive sectors like FMCG, IT Services, Pharma, and Consumer Durables.
IT stocks surge up to 26% in 3 months; Infosys, Coforge, TCS among top brokerage bets
IT stocks have delivered strong returns, with Coforge, LTIMindtree, and Infosys leading the gains over the past three months. As Q2FY25 earnings commence, Indian IT companies are expected to show single-digit revenue growth, and brokerages favor Infosys, HCL Technologies, and Persistent Systems.
FPIs mount bearish bets here as China a better play now
Foreigners' long-short ratio - a measure of the number of their bullish positions versus bearish - in index futures dropped to 58% on Friday from around 81% on September 27. A falling reading of this measure means investors are cutting their bullish bets and increasing their bearish ones.
ED crackdown on betting app; Policybazaar stock swing
Ahead of its much-anticipated IPO, Swiggy shares have seen a 40% surge in the unlisted market since July. This and more in today¡¯s ETtech Top 5.
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