There is lot of hope that in the short term that there will be some increase in the diesel and petroleum prices. So as and when that happens, one can book profit. Otherwise, I will not advice holding on to the stock for long term.
With net NPA close to just 0.3%, I would still bet on Axis. I would also bank on the fact that now Enam Securities is part of Axis.
The stock has run up heavily today and we continue to remain buyer of midcap IT covering Polaris, Infinite, Hexaware and Persistent Systems.
I would stick to only one player which I consider as the best player in FMCG and that is ITC which is also well diversified across different segments of FMCG. Otherwise, I would advise caution at this level, in increasing the exposure to FMCG stocks.
Grasim is looking good. They have also recently hiked their prices, despite the fact that we are seeing some softening of the cotton prices.
If you look at this is a first rally where the banking sector has underperformed the broad index Nifty. It is for the first time when this desk has shown about a 6% underperformance to the Nifty.
The stock has corrected significantly over the last one or two months and this is also a good time to look at BPCL as well as the oil story stays intact.
Now pharma is a main buzz word. So anything which has pharma behind its name or any of its activity that is pharma besides its name the stocks are doing very well.
VIP Industries Ltd is a ‘BUY’ call with a target of Rs 85 and a stop loss of Rs 79.
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