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ICICI Direct's Dharmesh Shah suggests a 'buy the dip' strategy, noting strong support for Nifty around 24,400-24,500. Despite tariff concerns, the market is expected to hold. A gradual recovery is anticipated in the coming weeks, targeting 25,300. For today's trading, L&T is favored due to strong results and order inflow, targeting 3,812.
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News and Media
Deven Choksey believes PB Balaji's financial expertise will benefit Tata Motors and JLR, citing his successful turnaround of Tata Motors. He also discusses Antfin's stake sale in Paytm, emphasizing the need for robust back-end integration. Choksey expresses valuation concerns in the defense sector and favors niche pharma companies over pure generics.
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Sawaliya Food Products IPO: The IPO comprises up to 29,02,800 equity shares with a face value of 10 each. This includes a fresh issue of up to 26,02,800 shares and an offer for sale (OFS) of up to 3,00,000 shares.
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News and Media
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