Stock Recommendations: The Performance of PTBA Potentially Under Pressure
The performance of PT Bukit Asam Tbk (PTBA) is expected to remain under pressure this year.
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The performance of PT Bukit Asam Tbk (PTBA) is expected to remain under pressure this year.
Investec raised Marico's rating from hold to buy, while Jefferies upheld a buy rating for Godrej Consumer. JPMorgan continued to rate Gujarat Gas as underweight and maintained a neutral stance on Lupin.
Following the fourth-quarter results, JPMorgan upgraded Kotak Mahindra Bank and Avenue Supermarts. It maintains a neutral rating on Britannia Industries and an underweight rating on Tata Technologies.
Jefferies lowered its rating on BSE, while Morgan Stanley upheld an overweight rating on InterGlobe Aviation and Tech Mahindra. Additionally, Kotak Securities advised selling shares of Yes Bank.
So, I think around May it is going to be very important time zone for the market, so I am playing tactically over here being bullish on the largecaps and being bearish on the smallcaps and midcaps.