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Jun 7, 2022 4:23 PM

Looking at pockets woth reasonable valuations: Edelweiss AMC's Trideep Bhattacharya

Trideep Bhattacharya, CIO-Equities at Edelweiss AMC, tells CNBC-TV18 he likes industrial and financial stocks, as well as direct and indirect plays on real estate. "These are areas where if you look at over the last 10-15 years, valuations are still reasonable. If you look at in the context of the capex cycle that might come through the next 2-3 years, still offer decent earnings visibility. Those are the areas actually we have been overweight and we continue to remain so," he says.

"Areas where there are higher valuations, like mid-cap IT despite the 35-40 percent correction, and some parts of consumer staples are where we see that the valuations are still on the higher side... whereas earnings visibility or the risk of downgrade might be on the higher side as well. So we are kind of avoiding those in the context of our portfolios," he adds.

Jun 7, 2022 4:22 PM

Sensex and Nifty50 close lower for third day in a row

Jun 7, 2022 3:52 PM

Srei Infra, Srei Equipment Finance lenders likely to extend deadline for bid submission under IBC

Jun 7, 2022 3:29 PM

Cement stocks down

Jun 7, 2022 3:00 PM

US Futures, Dow Futures up from lows

Jun 7, 2022 2:45 PM

Targetting at least 15% growth in FY23: Ramesh Agarwal

Ramesh Agarwal, ED & CFO of Rupa & Company said that the company is targeting at least 15 percent growth in FY23. He added that the growth can even be 18-19 percent. "Our turnover target for this year is minimum. We will grow by at least 15 percent and the upper limit would be between 18 and 19 percent," he said.

Talking about the CEO he said that the company will most likely have someone fill the position in next two to three months. He, however, underlined that the company was doing well in the absence of a CEO as well. He said that the previous pne had to leave because of personal reasons, and that the search for a new CEO is underway.

Jun 7, 2022 2:29 PM

Coffee Day at day's high

Jun 7, 2022 2:07 PM

HG Infra bags order worth Rs 4,971 crore from Adani Transport

Jun 7, 2022 1:51 PM

BPCL says all disinvestment-related activities discontinued

BPCL has said all activities in connection with disinvestment including data room are being discontinued after the government called off Eol process for strategic disinvestment of company.

Here's how the stock reacted to the development

Jun 7, 2022 1:32 PM

Buy M&M, Indian Hotels: Shrikant Chouhan

Shrikant Chouhan of Kotak Securities shares two trading calls:

--Buy Mahindra & Mahindra for a target of Rs 1,150-1,200 with a stop loss at Rs 990

--Buy Indian Hotels Company for a target of Rs 250-260 with a stop loss at Rs 220

Jun 7, 2022 1:29 PM

Ridham Desai adds an R to 'RRR' as reasons for Nifty, Sensex staying rangebound

A latest Morgan Stanley report has warned that macro headwinds pose a risk to India’s growth and Ridham Desai, the head of India equity research and strategist at the financial services company, has gone for an anagram to explain this further, maybe inspired by SS Rajamouli’s blockbuster RRR. (More details here)

Jun 7, 2022 1:19 PM

Most bankers expect RBI to hike repo rate in the range of 5.50-5.75% by March 2023

Jun 7, 2022 12:19 PM

HDFC Life biased towards largecaps

Prasun Gajri, Chief Investment Officer, HDFC Life said he remains cautious on the market and is more biased towards largecaps and also more defensive than earlier.

"When I say cautious, we're not trying to put a number in terms of how much the market can go down. I think the outlook is a little bit volatile, very clearly, we really don't know how earnings are going to pan out over the next two, three quarters, or if there are going to be any significant downgrades," he said.

According to Gajri, it all boils down to how inflation turns out to be. "So we'll wait for any data points to give us a better outlook," he said.

Jun 7, 2022 12:10 PM

Buy ONGC, sell Pfizer: Mitessh Thakkar

Here are two trading calls from Mitessh Thakkar of earningwaves.com:

--Sell Pfizer for a target of Rs 4,000 with a stop loss at Rs 4,210

--Buy ONGC for a target of Rs 174 with a stop loss at Rs 159

Jun 7, 2022 11:57 AM

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