Urban Company remains well positioned to benefit from the long-term formalisation of home services, but the core business is largely reflected in current valuations, said MOFSL.
Maruti Suzuki's stock has declined 16.48 per cent year to date and has underperformed the BSE barometer, the Sensex, which is down 7.74 per cent during the same period.
Stocks to watch today: CAMS, DLF, Escorts Kabuta, Inox India, Mobikwik, Nazara Technologies, IREDA, Torrent Power among firms slated to post Q1 results today.
Zerodha founder Nithin Kamath, in a recent social media post, explained that this move is aimed at curbing stock price manipulation.
The Nifty IT pack rebounded with an 18.4 per cent rise this month. Before this, Nifty IT's best show was in June 2020 when it rose 22.5 per cent.
While brokerages called Bajaj Finance's Q1 performance spectacular, they remain dividend on the stock price performance amid valuation concerns.
FIIs' long-to-short ratio in the Index futures is placed at an oversold level of 0.10, suggesting a higher possibility of short covering from their side in the days to come.
The company said that despite benign gold prices in the June quarter, volume in gold segments of business was relatively lower, hit by a steep increase in import duty.
Driven by price hikes of around 12 per cent during the quarter, Asian Paints posted a 40 per cent Y-o-Y growth in its net profit to ₹1,539 crore.
The debut was ahead of grey market expectations. Before the listing, Indo-MIM IPO's GMP was ₹187 per share, or 38.56 per cent.
Technically, the Nifty has reclaimed the immediate resistance zone formed by the 20-day and 100-day DEMA, indicating an improvement in the near-term technical setup.
Only a breach below 24,000 will weaken the structure; otherwise, intraday dips toward the support zone of 24,150-24,180 should be used as a buying opportunity, said Jatin Gedia.
BSE barometer Sensex jumped 827 points or 1.07 per cent in intraday deals to a high of 77,593. Its NSE counterpart, Nifty 50, added 218 points or 0.90 per cent to touch 24,203.
Brokerages see an 11 per cent topline growth in Q1 FY27. HDFC Securities said that the US generic business will be muted due to the absence of gRevlimid, while the India business may grow 13 per cent.
Steady volume growth and stable outlook drive their positive stance on HUL, with the recent correction suggesting that downside risks are limited. Brokerage targets signal an 18-24 per cent upside.
Fed policy preview: The bigger risk for the market lies not in the rate decision itself but in the possibility of a more hawkish tone than markets currently anticipate.
M&M, which manufactures SUVs and modern electric vehicles like the Scorpio-N, XUV700, and Thar, will post its Q1 FY27 results on Thursday, July 30.
Tata Chemicals share price: Hurt by lower realisations, reduced other income, and lower JV income, Tata Chemicals reported an 81 per cent decline in consolidated net profit to Rs 60 crore.
PROTEAN has turned technically strong after delivering a decisive breakout from a narrowing wedge pattern.
Brokerages expect the paints sector to witness double-digit value growth, driven by sector-wide price hikes, channel stocking ahead of those hikes, and demand pick-up due to a delayed monsoon.