The benchmark Nifty50 is expected to scale 21,000-mark by the next Diwali, according to over 56% of the 16 respondents who participated in the survey conducted by ETMarkets on what the new year for Dalal Street will look like.
Despite a few companies like Happiest Minds and Mphasis missing estimates due to wage hikes and sustained pressure on the BFSI segment, analysts see the midcap segment continuing to end the fiscal on a strong note.
As per Trendlyne data, the stock s target price is Rs 1,108, which shows a downside of 10% from the current market prices. The consensus recommendation from 13 analysts for the stock is a Hold .
KPIT Technologies: The embedded software and product engineering services company’s priority is passenger cars. But it also works with commercial vehicle manufacturers. Now it is exploring opportunities in off-highway vehicles owing to technological advancements and consumer preferences. Though it has no immediate plan to enter the two-wheeler market, KPIT foresees potential to expand into that sector and other parts of the mobility space in the future.
The 30-share BSE benchmark Sensex tumbled 580 pts from day s high and fell 238 points or 0.37% to settle at 63,874. The broader NSE Nifty declined 61 points or 0.32% to end at 19,079. Among Sensex stocks, Sun Pharma and M&M were the top laggards, falling over 2% each. Bharti Airtel, ICICI Bank, IndusInd Bank, and Reliance Industries also closed in the red.