- There was little surprise on Tuesday as the Nifty decisively crossed the 11,000 mark and settled close to the 11,100 mark. Metals, banking, hydrocarbons and FMCG drove the markets higher during the day
- With stellar results in the quarter, Indiabulls Housing Finance could be the stock to watch out for. In the intermediate term of 5-6 months the stock may be headed towards the Rs.2,000 mark. Start accumulating from an investment view.
- FIIs were net buyers to the tune of Rs.1229 crores while DFIs bought Rs.169 crore on Tuesday. FPIs have been aggressively buying into the India story on the back of a reformist budget and the NDA’s return to power in 2019.
- Bullish sentiments were visible across the US, European and Asian markets on Tuesday. The SGX Nifty appears to be under some minor pressure but we expect the level of 11,100 to be breached by the SGX Nifty in early trades.
- With big releases on the anvil, PVR again be the stock to watch out for. It remains the best on the media convergence space and could be headed towards Rs.2200 in the next 6-8 months. Position yourself accordingly.
- If there is one stock to bet on considering its very unique last-mile data positioning, it is Vakrangee. The stock looks headed towards the Rs.550 mark and over the longer term could end up much higher.
- Kalpataru has an overflowing order book position and could be the stock to watch out for. At Rs.510, the downside risks appear to be very limited. One can buy for targets of Rs.650-660 in one quarter.
- We are recommending Kalpataru Power and Indiabulls Housing Finance as veritable medium term picks in the current market.
