For Friday, share market analysts from a few domestic brokerages have assigned Buy calls on CDSL, Bajaj Auto and Star Health & Allied Insurance. Check price targets and other crucial details.
Insurance is one industry that got hit very badly and led to a situation where literally every company has to raise funds to meet regulatory requirements. But at the same time, awareness about the need to have insurance on which companies had been spending tons of money was created without them spending even a penny. So, while there was a short-term problem, a bigger issue of awareness got resolved. But then came changes in tax laws, which was another big blow. Given the fact that the overall size of the markets, this will also get resolved. So is the current phase of consolidation and not-so-good news is an opportunity?
Shares of Star Health and Allied Insurance Co Ltd fell over 7% on Friday, May 26, after a huge block deal. Watch this Visual Story see if you should buy the dip in this Jhunjhunwala portfolio stock.
Stocks in focus today: PMI data from US, China and India would be keenly watched this week. On the domestic front, investors would continue to track Q4 results along with global cues and Auto monthly sales data. Tata Steel, Adani Green Energy, Tata Motors, NDTV among stocks to watch on Tuesday, May 2, 2023.