HDFC Life and Max Life are expected to react more favourably to the fresh development. Nomura said the IRDAI decision is expected to mitigate ambiguity within the sector and could prompt a positive upswing.
Whether it is the bullish or bearish phase of the markets, it always pays to stay with a better quality of balance sheet and in companies which have the ability to withstand the slowdown which every economy faces at different points of time. Especially when valuations are not cheap by any standard, it would be good to stay with large caps if one is thinking of increasing exposure to equity. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
For Thursday, analysts from a few brokerages have assigned Buy calls on Dalmia Bharat, Max Fin, KEI Ind and CDSL. Check share price targets and other crucial details about these long-term bets.
Stocks to watch on August 9, 2023: Indian stock market is likely to consolidate, while Interest sensitive sectors are likely to be in focus in near-term. Tata Power, Coal India, Adani Ports, ICICI Bank, IRCTC, Bharat Forge are among stocks to watch on Wednesday.