CA Rudramurthy BV predicts Nifty to rise to 23,000-23,200 and Bank Nifty to 50,000 in April. He recommends buying on dips, especially emphasizing opportunities in public sector enterprises, power stocks, and specific companies in the real estate sector. He further says: " Trent is a buy on every dip or at any price and hold it in your portfolio."
​Shares of metal companies surged Monday, leading gains in a session where benchmark indices hit lifetime highs. The Nifty Metal index also surged to a record, ending with near 4% gains on positive manufacturing data from China amid brightening prospects of a June start to the US rate easing cycle.
An official factory survey on Sunday revealed that China s manufacturing activity had expanded for the first time in six months in March. The world s largest producer and consumer of copper saw its most-traded May copper contract on the Shanghai Futures Exchange closing day-time trade 1.1% higher at 73,100 yuan ($10,110.79) per metric tonne.
NMDC shares last traded at 4.5 times FY26 estimated EV/Ebitda and 1.7 times FY26 estimated book value. The stock delivered 83 per cent return in the past one year against 95 per cent return by the BSE PSU index during the same period.
Weak demand in global markets is a key factor weighing on domestic prices. Respite in the near term appears unlikely as delayed economic recovery and a drop in steel prices in China exacerbate the situation