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From the perspective of next 1-2 years, Bharti looks good but the short-term perspective remains subdued, says Hemang Jani, Equity Strategist & Senior Group VP, Motilal Oswal Financial Services. Edited excerpts from his interview with ET Now:
The smallcap index is at an all-time high. Out of the 3,000 plus stocks in the segment, over 550 of them are up by more than 4 per cent and 350 are at their 52-week highs. What do you think of this exuberance?
In the last one year or so, midcap and smallcap indices have outperformed Nifty. It will continue for some more time in certain pockets like specialty chemicals, PSUs and pharma because of earnings or overall outlook. We like Laurus Labs and Gujarat Gas. The entire PSU space is doing well.
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Hemang Jani, Equity Strategist & Senior Group VP, Motilal Oswal Financial Services Ltd, says that if steel prices remain at where they are or if there is a marginal increase in prices in India, then the upgrades are going to be massive. Edited excerpts:
A lot of activity is building up in Punjab National Bank counter? What s going on?
We do not prefer PNB and other smaller PSU banks. Among PSU banks, SBI is the best one because of larger balance sheet, better clarity on slippages, etc. And even in terms of valuation, it is fairly priced. You may see big swings depending upon the developments and the way the entire banking sector moves. But from an investment perspective, that comfort is clearly towards SBI.
The net profit that
Axis Bank reported from FY17 to FY21, would be less than the number that Axis Bank is expected to report in FY22, says
Hemang Jani, Equity Strategist & Senior Group VP,
MOFSL
Managements of the biggies like Axis Bank and Bajaj Finance are saying they can ride out the Covid storm this quarter and that they are well buffered as of now unless something like national lockdown happens, What did you read into Axis numbers?
If you look at the Q4 numbers, one thing which is coming out very clearly is that the financials and particularly the corporate focussed financials are reporting better numbers on most of the parameters like incremental slippages and loan growth and that is giving a lot of comfort to investors.
3 steel stocks that will get better upgrades post Q4: Hemang Jani indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Accenture plc (ACN): Price Now Near $277.4; Daily Chart Shows An Uptrend on 100 Day Basis
Get Ratings)’s price is up $0.5 (0.18%) from the hour prior. The hourly chart shows that ACN has seen
2 straight up hours. As for the trend on the hourly timeframe, we see the
clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
ACN’s Technical Outlook on the Daily Chart
At the time of this writing, ACN’s price is up $0.92 (0.33%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. Regarding the trend, note that the strongest trend exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment meaning the