The BSE and NSE exchanges will conduct the usual one-hour Muhurat special trading on October 24, 2022 between 6:15 p.m. And 7:15 p.m. The block deal session runs from 5:45 p.m. To 6 p.m. The pre-open session takes place between 6 p.m. And 6 p.m. And 6:08 p.m Since the last Diwali, the Indian market has significantly outperformed other global and emerging markets despite numerous headwinds such as volatile macroeconomic developments, faster regime changes and volatile FII flows thanks to the country's robust economic outlook. Since Diwali, our benchmark index, the Nifty, is down just 5 % while the S&P500 and Emerging Markets Index are down a whopping 22 % and 29 %, respectively, over the same period. The new Samvat 2079 looks much brighter and more promising. He believes that the Indian economy is at an optimal growth point and remains the country of stability against the backdrop of a volatile global economy.
IDFC First Bank
"BUY IDFCBANK ABOVE 59.20 TARGET 60.1/60.4 "
“Given
the bank's continued improvement in asset quality, strategy to improve
operating performance with anticipated operational leverage and superior yield
ratios in FY23-25, the stock is poised for a re-rating.
ITC
"BUY ITC FUTURE ABOVE 347 TARGET 352/359 "
The stock is currently
trading at 18x FY25E
EPS, 4-5% dividend yield offers a huge margin of safety compared to its peers.
In addition, the recovery in cigarettes and the short-term uptrend in Agri,
Hotels and Cardboard make ITC a better position in the overall FMCG package
where valuations are high.
Ashok Leyland
"BUY ASHOKLEY LAND ABOVE 152 TARGET 155/160 "
The company is well
positioned to benefit from the cyclical recovery, particularly in higher
tonnage buses and trucks where it has a higher market share. The recovery in
demand and gradual price increases should lead to improvements in the longer
term. RM cost pressures are likely to ease, leading to margin improvements in
the coming quarters.
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