Page 18 - Upside Potential News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Friday’s up move in nifty might make some think that correction is over, but if one looks at the intra day move, the fall from high of the day, where nifty lost half of its gains indicates that possibility of bulls might still face obstacles. In such conditions, it would be better to add the words like portfolio rejig, caution, fundamentals and valuations to one’s thought process while buying stocks. Probably, rejigging the portfolio would be a better option. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average...

The government’s decision to push for policies which help in increasing rural incomes has brought in focus on many sectors which form the part of the rural income chain. Both the companies which are focussed on increasing agriculture productivity and the non agriculture side of rural incomes have been in focus.

The broader outlook clearly validates the support of 200-SMA, presently set at Rs 145-mark. The consolidation breakout from the range of Rs 200-155 in early August has elicited a bullish outlook for the coming months. Also, the positive crossover of 100-SMA with 50-SMA further negates any major drawdown.

In simple terms, it makes sense to pay more for a stock whose earnings grow at a faster rate. Now, how much more should be paid would be and what would determine whether the stocks which are being bought are cheap or they just appear to be cheap due to one ratio, i.e PE ratio. PE ratio is one of the most overused and misused ratios, it is used by all and sundry to justify their valuations and create a mirage of value. From investor presentations to research reports, one finds its mention everywhere. Is there an alternative to it?

As the seasonal factor of monsoon gets over, focus would come back to cement stocks. While the oil prices have seen a recent spike but they are still not above the comfort levels. With stable energy costs, the operating matrix of the cement sector is favourable. We take a look at what analysts are saying across cement companies. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.