Aditya Agarwala advises caution in the choppy and dull markets. On the upside, clearly 22,300 is acting as a major hurdle. He recommends long positions in Indus Towers and Tata Consumer. He suggests focusing on the outperforming IT space. Jio Financial Services is predicted to have higher stock prices due to the AI venture, Bharat AI.
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Aditya Agarwala predicts that the Bank Nifty will continue to outperform, with a target of 46,500 to 46,700. The Nifty is still range-bound between 21,200 and 21,800. Dr Reddy s and Concor are recommended buy stocks. Godfrey Phillips has seen a sharp upward move and is expected to reach a target of at least Rs 3,000. Voltas is recommended for holding with a target of Rs 1,150-1,160. Policybazaar has shown a steady upward trend and is advised to hold for a target of Rs 1,000.
In another big blow, Sony is also seeking a termination fee of $90 million citing alleged breaches of the merger co-operation agreement (MCA) by Zee Entertainment.
Invest4Edu, a Mumbai-based Ed-Fintech startup, aims to secure the future of India’s children by blending their educational needs with timely financial solutions for parents.