INDIA STOCKS-Indian shares subdued as financials, IT overpower auto gains
BENGALURU, May 17 - Indian shares fell on Friday as a drop in financials and information technology stocks overshadowed gains in auto...
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BENGALURU, May 17 - Indian shares fell on Friday as a drop in financials and information technology stocks overshadowed gains in auto...
JPMorgan retains overweight rating on LIC Housing Finance, Nomura favors buy rating on Info Edge, BofA Securities suggests buying Biocon, and Jefferies upgrades M&M to buy.
Shares of Info Edge (India), the parent company of Naukri.com, surged 8% on the BSE during Friday's trading session, reaching a peak of Rs 6,338.55. This increase followed the company's Q4 profit report of Rs 211 crore, marking an 18% year-on-year growth.
Sanjiv Bhasin shares insights on market trends, cautioning against exuberance and highlighting investment opportunities in HAL, BEL, Bharat Dynamics, Jindal Saw, Honeywell Automation, Naukri, and Info Edge. Bhasin also says that due to high valuations, HAL, BEL and Bharat Dynamics are the three must-have stocks that should be bought on dips.
Mahindra and Mahindra, GAIL (India), Vodafone Idea, Biocon, Container Corporation of India, Crompton Greaves Consumer Electricals, Endurance Technologies, Hindustan Aeronautics will release quarterly earnings on May 16