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Diwali 2023 Stock Picks: Reliance, GAIL, Dr Reddy's among top 10 buys from HDFC Securities

HDFC Securities releases 10 Diwali stock picks for Samvat 2080, including Dr Reddy’s Laboratories, Equitas Small Finance Bank, GAIL (India), Godrej Industries, Grasim Industries, Gujarat Alkalies & Chemicals Ltd Chemicals, IOC, Kalpataru Projects International, RIL, and United Spirits. ....

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ICICI Pru MF bets: ICICI Pru MF ends romance with IPO stocks; raises bets on energy PSUs

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NEW DELHI: As the domestic stock market came under selling pressure in April, fund managers at ICICI Prudential Mutual Fund got busy buying oil & gas explorers and select midcap names in April even as they rushed to completely exit some of the recent debutant stocks.
The team led by S Naren bought nearly 5 crore shares of Hathway Cable & Datacom, which came out with an impressive earnings report for March quarter. Recently, Reliance Industries also sold some shares in the firm to trim its overall stake.
Besides the Reliance group firm, India s second largest fund house also bought 1-3 crore shares of ONGC, Ashok Leyland, JM Financial and Axis Bank. The first two are being seen as re-rating candidates ahead of the emerging growth cycle. ....

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