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Neeraj Chadawar says: Based on this manufacturing theme, we identified four stocks for 2024. These are Pitti Engineering, Archean Chemical, Sansera Engineering and Amber Enterprises. Our second theme is PSU banks. We believe that PSU banks are in a bright spot and they will continue their growth momentum in 2024 also and under the PSU banking theme, we like SBI
Yatra is three times larger than MakeMyTrip in the enterprise business, which has a TAM of Rs 1,004 billion, implying a potential revenue of more than Rs 5,000 crore for OTAs overtime, said Investec.
Private equity firm Samara Capital exited the company through the sale of its entire 0.7% stake or 4,49,999 shares for around Rs 63 crore, bulk deals data on the BSE showed. The shares were sold at Rs 1,400 apiece. Meanwhile, in Archean Chemical Industries, Piramal Enterprises sold 3.4% stake through the open market for around Rs 252 crore, bulk deals data on the NSE showed.
“FIIs are reducing their exposure to India, they will sell only what they own but then a time will come when the share prices will catch up with fundamentals and in comparison to other runups in the small and midcap space, financials still make reasonable sense. We are increasing exposure in the entire BFSI space.”
ICICI Securities is bullish on Archean Chemical Industries recommended buy rating on the stock with a target price of Rs 750 in its research report dated September 14, 2023.
It is a two-bar candlestick pattern formed after a downtrend. The first bar is a red candlestick, normally followed by a standard or long legged Doji.