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Market strategist Rohit Srivastava suggests Indian equity markets are nearing a short-term bottom after a four-day correction. He anticipates a resumption of the upward trend as short-term indicators become oversold. Srivastava also notes ongoing rotation within the banking sector, favoring PSU banks and NBFCs due to their stronger growth prospects compared to private banks.
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News and Media
Minda Corp's ambitious Vision 2030, projecting substantial revenue and EBITDA growth, has garnered strong endorsement from market expert Parag Thakkar. While expressing caution towards the IT sector due to AI's potential deflationary impact and other headwinds, Thakkar remains constructive on metals, highlighting Hindalco and JSW Steel as promising investments.
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News and Media
Adani Power shares are declining after a recent surge. The stock had risen following a stock split and positive brokerage reports. Profit booking has led to a decrease in share value. Technical indicators suggest the stock is overbought. Analysts advise caution, suggesting buying on dips. Brokerages support long-term growth, but execution risks exist. Valuations are currently at a premium.
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News and Media
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