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sensex and nifty: ETMarkets Smart Talk: Stay away from volatile stocks especially smallcaps ahead of election season: Sonam Srivastava

"For those with a long-term perspective, this could be a golden chance to bag quality stocks at a markdown. That said, we won t recommend just jumping in and picking stocks wisely. Go for companies boasting robust fundamentals. While recently the market hinted at a comeback, valuations can t be ignored. Given the current landscape, leaning towards large caps might be a prudent move." ....

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itc: Won't buy ITC at this point; Laurus Lab a volume game: Chakri Lokapriya

ITC s hotel business has a stronger balance sheet compared to Indian Hotels, making a divestment of ITC s balance stake more valuable according to Chakri Lokapriya, CIO & MD, TCG AMC. While ITC will continue to hold a 40% stake, the new hotel business will have a cleaner balance sheet and royalties-like arrangements with other brands. Despite being at a multi-quarter low, Laurus Labs management is confident about maintaining its FY24 guidance. ....

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