Expansion in profitable regions expected to improve growth visibility and allay concerns on market share gain
Unless it outperforms, there is little upside from current levels
Weaker nominal GDP growth over a prolonged period would weigh on India's financial year strength
The stock has taken a heavy beating since September when the RBI trimmed MD & CEO Rana Kapoor's tenure till January 31, 2019.
Among the sectoral indices, the Nifty PSU Bank index rose 1 per cent led by Indian Bank, State Bank of India (SBI) and Vijaya Bank. The Nifty Auto index, too, rose nearly 1 per cent led by Maruti
Capital First surged 7% to Rs 554, while IDFC Bank up 6% to Rs 40.05 on the BSE in intra-day trade.
The stock moved higher by 11% to Rs 82.45, surging 24% in past three trading sessions after the company bagged Rs 15.61 billion order from the railway ministry for supply of wagons.
Godrej Consumer Products, Britannia Industries, Colgate-Palmolive (India), Jubilant FoodWorks, United Breweries, Godrej Industries, Dabur India and ITC were up in the range of 1% to 4% on the NSE.
Here are three stocks that can rally up to 10 per cent from the current levels as per their technical chart pattern
Nifty PSU Bank index surged 2.7% to 3,022, its highest level since September 17, 2018, in intra-day trade on Thursday, rallying 10% from its Tuesday's low of 2,747 on the NSE.
With high cost of land and limited avenues of financing, the room supply growth is expected to moderate to 7.9 per cent CAGR over the next three-four years.
Here's a look at the top stocks that may hog the limelight in today's session -
Nifty outlook and top trading ideas from Sacchitanand Uttekar, DVP - Technical (Equity), Tradebulls Securities.
Nifty outlook and few trading ideas by Vaishali Parekh, research analyst - technical research at Prabhudas Lilladher
While Muthoot has over 12% share of commercial papers in its total borrowings as of September 2018, Manappuram has over 25% in the same period
Falling international coal prices are a risk to e-auction premiums
Exits through strategic sales/M&As created 69% of liquidity events
The government is likely to divest 10% each in RVNL and IRFC
The rupee, however, declined by 16 paise to close at 72.01 against the US dollar amid strengthening of the greenback and rising crude oil prices
Relatively cheap vegetable oil prices will benefit imports into India, as India is importing massive volumes of edible oils every year, says Stefan Vogel