Page 29 - Stock Tips News Today

While earnings growth visibility in power space is high in FY25 and FY26, a large part of the growth is discounted, says Harini Dedhia.

Kunal Vora of BNP Paribas India likes some infrastructure names and believes the government will continue to focus on infrastructure spending versus being populist even in an election year.

Container Corporation of India also saw consolidation breakout and formed robust bullish candlestick pattern on the daily charts with strong volumes. The stock traded well above all key moving averages.

As the index approaches its all-time highs, there is potential for further upside, with targets set at 21,180 and 21,400.

G Pradeepkumar finds potential in large-cap stocks due to their attractive valuations despite recent stock performance lag.

Experts feel the central bank seems to be following other central banks and indicating higher rates for longer, but by any chance if the Federal Reserve cuts fed funds rate in first quarter of calendar year, which is 60 percent probability and there is 80 percent probability of cutting in second quarter, then the RBI may also do the same here.

IRCTC has seen a breakout of long downward sloping resistance trendline adjoining highs of January 17 last year. The stock has formed long bullish candletick pattern on the daily charts, with robust volumes.

The support for Nifty50 lies at 20,850, below which the market may witness a healthy correction in the short term.

Shantanu Bhargava of Waterfield Advisors expects buoyancy in the real estate sector to continue.

IDFC First Bank has seen a horizontal resistance trendline breakout adjoining multiple resistance points. The stock has formed bullish candlestick pattern with upper shadow on the daily charts, with above average volumes.