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India Equity Strategy Report - Quarterly flipbook: Q3 - upgrades galore! - HDFC Securities Posted On: Mr. Varun Lohchab, Head Institutional Research, HDFC securities Q3FY21 was another strong quarter, beating expectations across most sectors, led by margin surprises and even slight beat on revenues. Sales continue to rebound at a faster pace than costs post the lockdown, resulting in earnings beat. Key highlights of the quarter: (1) Q3 margins beat estimates across multiple sectors such as Cement, IT, Chemicals, Paints, Durables due to (a) cost efficiencies leading to lower SG&As (A&P, travel...

Sensex’s Longest Weekly Run Since 2009 Ends; Banks, Metals Drag Jan 22 2021, 3:56 PM January 22 2021, 8:06 AM January 22 2021, 3:56 PM Latest First How Did The Indices Fare This Week January 22, 10:08 AM Closing Bell Indian equities ended lower for the second straight day, correcting further after reversing from a record high on Thursday. The S&P BSE Sensex ended 1.5% lower at 48,878 while the NSE Nifty 50 index too fell by a similar quantum to end at 14,371. This was the biggest single-day drop for the benchmarks in a month. This is also the third instance in the last one week when the ...

While Reliance Industries, the Nifty 50 heavyweight lost steam in the recent days, Garre sees rival telecom Bharti Airtel posting strong revival signs as their average revenue per shares (ARPU) increase. Cracks have begun to develop in Reliance Jio Infocomm as data points to slip in trade. Garre believes that the combined sector-to-sector performance will aid in the quick performance of the Nifty index rather than relying on the singular blue-chip stock. As companies pour in solid quarterly earnings, Bernstein rejigs their portfolio more towards recovery themes this year. Garre says, "The sto...

Read more about Banks vote in favour of Piramal offer for DHFL, see holes in Oaktree bid on Business Standard. With this Piramal succeeds in getting the requisite 66 per cent voting, says source

Updated Dec 28, 2020 | 10:34 IST Surendra Goyal adds that with a lot of positives having played out in the past few months, they  see liquidity support as the key driver from current +2sd above mean valuations. (Representative Pic)  |  Photo Credit: iStock Images Mumbai: Surendra Goyal of Citi Research in the latest India Strategy note talking about outlook of 2021 says one has to 'Stay Selective'. Surendra Goyal adds that with a lot of positives having played out in the past few months, they  see liquidity support as the key driver from current +2sd abov...