Most of the provisional numbers announced for the December quarter are indicating a positive trend as far as earnings are concerned, says Santosh Joseph, CEO and founder, Refolio Investments and Germinate Investor Services LLP
In the upcoming Q3 results, Motilal Oswal expects Nifty earnings to grow 10% YoY. Overall, earnings growth is likely to be driven again by domestic cyclicals, such as Auto and BFSI. Here s a list of 7 stocks that may post over 40% jump in their PAT for Q3.
Aamar Deo Singh says: "Nifty has formed a stalled pattern on weekly charts, indicating that it would meet with immediate resistance around the 21850-21900 zone whereas crucial support is seen around the last weeks high 21450-21500 zone. For Bank Nifty, support is seen around the 47300-47400 zone whereas resistance is around the 48500-48600 zone."
"Benchmark indices ended the first week of 2024 with minor losses, and the midcap index ended the week with gains for the second consecutive week. Sectoral indices ended the week on a mixed note. Eight out of 12 sectors rose while four declined. The realty sector was the top gainer, rising more than 7%," Arvinder Singh Nanda, Senior Vice President of Master Capital Services, said.
Sanjiv Bhasin says: “There is enough room for ICICI Bank now to go to new highs. Do not play it for the next few days. This is one stock which should be in your portfolio for that 20% upside which will take it to that $100 billion club. This will be, by the way, the first fourth $100 billion entry.”