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These consumer durables stocks can deliver more than 24% return in 1 year, according to analysts
Some consumer durables stocks have been under pressure. There are two reasons for this. One, in a number of cases the Q2 numbers have been less than street estimates. Two, more importantly, a number of them have large FII exposure. And with FII turning sellers in a big way since early October, there is pressure on these stocks. But this is the short-term story. The long-term story is very different. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Volatility is an opportunity, if one is ready for it: 5 large-cap stocks from different sectors with an upside potential of up to 41%
After two days of sharp upward movement, another sharp decline. Two things to keep in mind. One, on Wednesday, as the Nifty rose, the FIIs were still selling – so it appears there is some selling to come till an adjustment of weightages takes place. Two, make a distinction between what is happening to the Nifty and the broader market. Market breadth is still holding its head above water, and that needs to be watched more than anything else.
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 27%, according to analysts
As the broader indices recovered this week, market breadth also saw an improvement. If the indices register a gain for a third straight trading session, we may have begun the process of forgetting what happened in the market in October – especially to mid-caps in the second phase of correction. Why are we mentioning this? Because there is a high probability that some part of domestic retail money will return to the market. And domestic money has a liking for mid-caps. Nothing wrong with that. Just remember: Stick with quality names in the mid-cap space and continue to be selective. ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, and having an average recommendation rating of “Buy” or "Strong Buy". This predefined screener is only available to ET Prime users.
With the worst behind, time to get re-rated? 5 stocks from the paper industry for investors with appetite for logical risk
Even in industries that have been in deep trouble for a long time, there are some players who survive. How do they do it? By changing the way they operate in terms of management ability, by adding new products, or some other way. The paper industry has been facing multiple challenges. Now, after years of consolidation which saw many players exit, there are a few left and they have achieved scale. The numbers are reflecting this. The question is: When will the street look at them more kindly? Yes, you will keep hearing about dumping by China, and rising pulp prices. These are operational issues which companies have learnt to deal with.
For risk-takers with long-term perspectives: 5 stocks from different sectors, one with a strong edge which bears cannot hit
Never forget us. That is the message bears have for the street since the beginning of October. Be that as it may, should one equate what is happening on the street with businesses? The answer is no. When there is a strong sentiment on the street – whether bullish or bearish – we tend to forget one simple thing: Owning stocks means owning part of a business. At this point, if you sell a stock where the underlying business is doing fine, the chances are you will regret the decision. Stock prices are impacted in the short term by many things that have nothing to do with the underlying business. Businesses, on the other hand, are impacted by factors which are very different. So before taking any decision, focus on the business.
Small-caps: Time to review, not panic, but only if you own the right ones. 5 small-caps with right matrix, for medium-term investors
Nifty, Sensex, or for that matter any index – all are trading in the red, with extremely negative market breadth to boot. Don’t panic: We witnessed pretty much similar conditions back in March. So what to do? Sell, buy, or hold? Here’s a story about a small-cap company. For decades its performance was mediocre at best. But it is now a success, making batteries used in EVs and other new energy ecosystems. The stock has seen a rerating in the last couple of years. What should you do? So, to reiterate yet again: Rather than taking decisions based on the ups and downs of the Nifty, look at the business a company is doing. Will that business grow in the next two years? If yes, stay with it if you already own it – probably even increase exposure.
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Let market be volatile, you be tactical: 5 large-cap stocks from different sectors for tactical investing with an upside potential of up to 38%
The markets, as we know, are in a volatile phase. But, given that the long-term trend is still bullish, how do you deal with the current situation if you have a surplus to invest? There are two options. One, sit out of the market and let this phase pass. Second, become a tactical investor. Rather than investing with an extremely long-term perspective, buy stocks for shorter terms with a clear focus on booking profits. For example, four weeks back, there was a tactical trade in metals. Now it is largely over. So, make a tactical trade, but only in select stocks. Even if for some reason you are not able to cash out in time, these would be good enough businesses to keep in your portfolio.
Large business opportunity plus efficient management is the key: 5 large-caps from different sectors with an upside potential of up to 38%
What is the net profit margin of the company that is one of the biggest wealth creators of the last 20 years? Just 6.6%. And it’s not just in one year. In the last five years, the net profit margin has not moved into double-digits. At the same time, sales have been increasing year-on-year and profit on an absolute basis has been growing. And, of course, the stock is doing extremely well. The point here is: It is the overall size of a business that matters. And if the management is efficient, even a low-margin business can create a multibagger. We look at 5 stocks where the overall business opportunity is big and net margins are in single-digits – but the managements have a track record of executing well.
Havells shares decline 3.5% on weak Q2 operational performance; brokerages cut target price
Havells India shares drop 3.5% after reporting a 7.5% YoY PAT increase to Rs 267.77 crore for Q2 FY24. QoQ PAT declined 34.3% and revenue fell nearly 22%. Analysts retain 'Hold' ratings; Jefferies and Investec cut target prices, while Goldman Sachs raises its target based on anticipated earnings growth.
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analysts
The Nifty and Sensex are correcting. A closer look, however, reveals that the correction is not as strong as it could have been. The correction has to be seen in the context that, at this time of the year, markets anyway tend to be more volatile. Yes, companies that are disappointing the street with their Q2 numbers are getting punished. But it is not leading to strong across-the-board weakness. At this point, there is a high probability that, given there are no global hiccups, this phase of correction will pass without major damage to individual stocks. ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, and having an average recommendation rating of “Buy” or "Strong Buy". This predefined screener is only available to ET Prime users.
Daily Trading Desk: 2 trades for short-term gains; industrial gases stock for almost 6.5% gain, mid-cap PVC pipe maker for 6% uptick
Select stocks gain momentum even in volatile markets.
These large-caps have ‘Strong Buy’ & ‘Buy’ recos and an upside potential of more than 25%
In the recent correction phase – triggered by rebalancing by global funds moving money to China – only some Nifty stocks were severely hit. A majority of the large-cap stocks weathered the storm. The reaction to early Q2 results suggests that the street has both the scope – and the mood – to stay bullish this earnings season. But to be on the safer side, it would be better if investors focused on large-caps stocks – that too non-Nifty large-caps – for the next few weeks. ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “Buy” or "Strong Buy". The screener applies different algorithms for all BSE and NSE stocks.
Rather than a single stock, own the whole ecosystem: 10 stocks from the housing sector space with an upside potential of up to 46%
While its rate of growth may vary from country to country, one sector that is bound to grow in any developing economy is housing. Why just developing economies, even in the developed world, housing is a key economic indicator. The reason: While a house may appear to be one single product, the ecosystem to build it is very large. From the real estate company that owns the land, to the contractor who actually builds the house; from the cement and steel companies whose material go into the building, to the paint company whose paints are used, and the electrical goods company supplying wires. Last, but not least, the housing finance company who provides the loan.
After a long wait, finally more tailwinds: 7 stocks from the consumer durables sector with an upside potential of up to 28%
Fundamental issues and valuation adjustments ensured that consumer durables stocks relatively underperformed the bullish market of the last three years. But this year, a hot summer, a good monsoon, and the start of a festive season in which consumers are loosening their purse strings could mark a turnaround for these stocks. On top of it, their valuation readjustment process seems to be done and dusted. How do we know this? Because earnings have caught up even as prices have remained in range. Also, a number of companies have implemented restructuring strategies, including some sort of backward integration. All these together seem to have finally started to pay off.
Weekly top large-cap picks: These stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analyses, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools – earnings, fundamentals, relative valuation, risk, and price momentum.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 45%
More than the Nifty and Sensex taking a beating, what is worrying is that market breadth across different segments is negative. The risk of the situation getting worse if the indices remain under pressure is high. Also, with valuations being on the higher side, any recovery in the market may take a while. Now, with the Q2 earning season set to start in the next few days, we may see the street punishing any disappointment in earnings numbers. So, be cautious and selective when putting in fresh money. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars – earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Taking, managing, and risks becoming reality are different things: Check 5 critical points before deciding to buy or sell small, mid-cap stocks
It was a week when 9 out of 10 stocks across market segments ended with cuts. So it is probably time to focus on two things – especially if you turned a bull these last few years. First, the Nifty, or for that matter any index, has nothing to do with your portfolio. So stop comparing the two. Second, review your portfolio and ask yourself a simple question: Why did I buy this particular stock? Was it friendly neighborhood advice, or was it because something positive was happening in the company or the industry to which the stock belonged? The answer to this question will help you decide whether to stay invested in the stock or not.
These mid-cap stocks with ‘Strong Buy’ & ‘Buy’ recos can rally over 25%, according to analysts
In the recent correction in the Nifty and Sensex, one thing has stayed in favour of the bulls – market breadth. It has been largely positive even on days when both indices corrected sharply. That is relative outperformance. This will, however, continue only if the broader market doesn’t see a sharp decline over a long period – especially due to global reasons. If there is global risk of trade, then the mid-caps could come under pressure. Under such conditions, analysts are bullish on very selective stocks from different sectors. ET Screener, powered by Refinitiv’s Stock Report Plus, lists quality stocks with high upside potential over the next 12 months, and having an average recommendation rating of “Buy” or "Strong Buy". This predefined screener is only available to ET Prime users.
For volatile & corrective phases: 5 large-cap stocks from different sectors for tactical investing with an upside potential of up to 33%
Even as the Nifty and Sensex move close to their all-time highs, they have been volatile – sometimes due to global developments, sometimes domestic. What needs to be watched, however, is whether the market breadth holds, especially as we approach the Q2 earnings season. It is probably time to be more cautious. Not because of geopolitical developments or changes in the F&O space, but because of expensive valuations. For, ultimately, it is earnings and valuations that matter on the street. So, maybe it would be better to be a tactical investor while infusing fresh funds in the market. At least for some time.
For risk-takers with medium-term perspective: 5 mid-cap stocks from different sectors with an upside potential of up to 37%
In its lifetime, every business sees some headwinds. History teaches us that a company belonging to a strong industrial group with a track record of handling many economic cycles has a higher probability of surviving a bad phase and coming back on the growth path – as compared to a company in the same line of business that does not have the backing of a strong parent. The reason is simple: When the mid-cap company of a large group sees tough times, the management at the group level has the financial and human resources bandwidth to help it recover.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 29%
Here’s a phrase that aptly describes current market conditions: “Bulls and consolidation coexisting peacefully.” The Nifty is at an all-time high. There are shallow corrections, with the market breadth remaining positive in most sessions. And there is rotational profit-booking. Essentially, all elements that can push the existing bullish sentiment are already in place. The only problem: Every upward movement makes valuations more expensive. So, stay bullish and be watchful of what you are buying. Also, in the short term, focus on tactical investing more than anything else. These selected stocks have a strong upward trajectory in their overall average scores. This implies that there has been significant improvement in their market outlook in the given time frame.
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 45%
The bullish mode and mood of the market, which has already pushed the Nifty to a new high, is likely to receive a boost with indications of the return of FPIs to the street. At this point, the macro picture appears such that if there is no major issue with the global markets, the probability of the Indian market continuing to trade with a bullish bias is high. These selected stocks depict a strong upward trajectory in their overall average score, which is based on five key pillars – earnings, fundamentals, relative valuation, risk, and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
NCLAT rejects appeal filed by Deepak Chhabria of Finolex Cables against Orbit Electricals
The NCLAT has dismissed Deepak and Vini Chhabria's appeal against Orbit Electricals. The tribunal verified the contested board meeting did occur and stated that amendments to the Articles of Association did not need unanimous consent. Upholding the NCLT's earlier decision, the NCLAT refused to intervene in Deepak's vice chairman role at Finolex Cable.
Ola Electric shares surging after listing thanks to liquidity, not fundamentals: Deven Choksey
Deven Choksey highlighted that investor interest in Ola Electric rose post-IPO due to fund managers' liquidity, despite initial IPO struggles. He pointed out that Ola needs to address its profitability issues, with significant losses per vehicle. He also advised cautious profit booking in overvalued stocks and anticipated valuation adjustments in mid and small-sized companies.
Buy Finolex Cables, target price Rs 1950: Anand Rathi
Finolex Cables Ltd. key Products/Revenue Segments include Electrical Cables, Cables, Others, Scrap and Copper Rods for the year ending 31-Mar-2023.
Longer-term bullish trend continues on capex & cable-related stocks: Sanjiv Bhasin
Sanjiv Bhasin, Director at IIFL Securities, discusses the bullish trend in stocks, particularly in capex and cable-related sectors. He highlights optimism despite high valuations, mentioning GMR and RR Kabel's performance.
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