Bright Star Investments Private Limited bought 7 lakh shares of Metropolis Healthcare at Rs 948.39 apiece, as per bulk deals data available on exchanges on April 15. Smaller Cap World Fund Inc also purchased over 6.86 lakh shares of the diagnostic chain at Rs 957.67 per share. Metropolis Healthcare ended first day of trade at Rs 959.85 on the NSE, up Rs 79.85, or 9.07 percent over its issue price of Rs 880 per share. It listed at Rs 960 per share.
Global brokerage firms such as Nomura upgraded their rating for TCS to BUY. Morgan Stanley, Credit Suisse and Nomura also raised their 12-month target price for India's largest software services exporter by revenue. TCS reported the strongest revenue growth in the last 15 quarters in Q4FY19. Vineeta Sharma, Head of Research at Narnolia Financial Advisors in a note said that TCS has over the years outperformed Infosys for two basic reasons—higher sales growth and higher margins. TCS continues to command a higher margin though sales growth has become comparable.
Aveek Mitra, Founder & CEO, Aveksat Financial Advisory, in an interview with ETNOW said, “We are long-term investors. We do not really go by the market mood on a month- on-month basis. We have short-listed a few areas where we think growth and profitability may come back. These are cement, chemical and capital goods. We are positioned there for almost a year but we did not generate much return out of this. I do not know how long it will take but we are quite positive about these three areas.”
Sudip Bandyopadhyay, Group Chairman at Inditrade Capital said he expects the Indian markets will attract a lot more liquidity in the coming days. For next 15-20 days, corporate results will continue to drive the markets and post that, the election result, he said. That will be a period of extreme volatility. But overall, Indian markets will attract a lot more liquidity and will move up over the next six to nine months, he said.
Clearly, it is advantage TCS over Infosys, Devang Mehta, Head, Equity Advisory, Centrum Wealth Management, said. TCS management sounded more upbeat, the margins probably seem to be stable and or expanding in the coming quarters. Infosys, on the other hand, we will see a margin dip. How the stock price behaves is little difficult to say but clearly, for six months-one year period, what would be a more fertile bet to be would be TCS on the back of good numbers and a very confident management.
Media firm Network18 Media and Investments on Monday reported a consolidated net loss of Rs 75.57 crore in the fourth quarter ended March 31, 2019. The company had reported a net loss of Rs 39.32 crore in the corresponding period a year ago. The company’s revenue from operation in the quarter under review stood at Rs 1,230.93 crore. It was Rs 824.89 crore in the last quarter of fiscal 2017-18.
Kkunal Parar of Choice Equity Broking has a buy call on Mahindra & Mahindra with a 2-week target price of Rs 737.35. The current market price of Mahindra & Mahindra is Rs 681.40. Parar recommended keeping a stop loss at Rs 654. Mahindra and Mahindra Ltd is engaged in the manufacture of passenger cars, commercial vehicles and tractors. The company's business segments include Automotive, Farm equipment, IT services, and financial services.
Rajesh Bhosale of Angel Broking has a buy call on HDFC Asset Management Company with a 2-week target price of Rs 1,690. The current market price of HDFC Asset Management Company is Rs 1,580.05. Bhosale recommended keeping a stop loss at Rs 1,520. HDFC Asset Management Company, incorporated in the year 1999, is a large cap company (having a market cap of Rs 33,569.56 crore) operating in the finance sector.
Kkunal Parar of Choice Equity Broking has a buy call on Ashok Leyland with a 2-week target price of Rs 107. The current market price of Ashok Leyland is Rs 95.55. Parar recommended keeping a stop loss at Rs 90. Ashok Leyland is the second largest commercial vehicle manufacturer in India, fourth largest manufacturer of buses in the world and 10th largest manufacturer of trucks globally.
Mustafa Nadeem of Epic Research has a Buy call on Allahabad Bank with a 2-week target price of Rs 59. The current market price of Allahabad Bank is Rs 53.55. Nadeem recommended keeping a stop loss at Rs 51.40. Allahabad Bank is a nationalised bank with its headquarters in Kolkata, India. It is the oldest joint stock bank in India.
The BSE Sensex closed 139 points higher at 38,905.84, whereas Nifty settled 47 points up at 11,690.35 led by gains in auto, IT and banking stocks. Most fertilizer stocks gained after Indian Meteorological Department (IMD) predicted near-normal rains during April-September monsoon, allaying concerns over rise in inflation. Moreover, positive cues from US-China trade talks, strong Chinese export data and hopes of better fourth-quarter earnings kept mood positive.
Speaking to CNBC TV18, Stock analyst Ashwani Gujral recommended "REC is a buy with a stop of Rs 150 target of Rs 165. Bank of Baroda is a buy with a stop of Rs 127 target of Rs 140. IndiGo is a buy with a stop of Rs 1,430 target of Rs 1,500. JSPL is a buy with a stop of Rs 176 target of Rs 190 and Adani Ports is a buy with a stop of Rs 380 target of Rs 395."
Speaking to CNBC TV18, Stock analyst Ashwani Gujral recommended “Axis Bank is a buy with a stop of Rs 764 target of Rs 785. Indusind Bank is a buy with a stop of Rs 1,735 target of Rs 1,77 and Hindalco Industries is a buy with a stop of Rs 209 target of Rs 221."
Speaking to CNBC TV18, Stock analyst Ashwani Gujral recommended “ Punjab National Bank (PNB) is a buy with a stop of Rs 90 target of Rs 102. Manappuram Finance is a buy with a stop of Rs 124 target of Rs 132 and ICICI Bank is a buy with a stop of Rs 392 target of Rs 410.”
Investors should stay away from Infosys as the IT major may feel some pain in the short-term, said Deepak Jasani, head-retail research of HDFC Securities, told CNBC-TV18 in an interview on Monday. “Infosys is quoting at a cheaper P/E compared to TCS, for people who are willing to wait out for two to three quarters, for them it is a good time to start accumulating the stock,” Jasani added.