Sudarshan Sukhani says ‘YES’ to bank, No to Wabag and Ashoka Buildcon
Posted on 31st July 2017 |
.jpg) |
| Sudharshan Sukhani of s2analytics.com advises the investors to stay invested in the Yes Bank stock. One of the best technical analysts in the country, Sukhani advised the investors to hold on to bluechip companies without getting nervous. In conversation with CNBC TV-18, the expert believed that, this is a long term bull market, and there is still a lot of opportunity in the Yes Bank stock for the net 2-3 years. He said that the prices will be volatile in the short term, and it must not unsettle the investors. On the back of excellent first quarter results announced by the company, the shares of the bank were trading at all time high levels. The bank had reported a net profit of Rs 952.65 crore, up by 32% as compared to the profit reported in the corresponding period during the previous fiscal. A lot of domestic and international brokerages such as Merill Lynch, Nomura, CLSA, Spark, Axis Capital, Prabhdas Liliadhar etc had revised their target price upward for the stock. The shares were trading at Rs 1,811 on Monday afternoon, down by more than 1.5% since the previous close. The stock, with year to date returns of 60%, has outperformed the BSE bankex Index 25% in the current year. A majority of these gains have come in the last one month as the stock is up by more than 25% in the last one month. The expert was skeptical about the prospects of VA Tech Wabag Ltd and told investors to exit the stock. He said that the stock has been in a short range for quite some time now, and is an underperformer. The stock has lost more than 10% of it’s value in the last one month. The chartist added that if a mid- cap stock underperforms, it’s not good news. The viewers had specifically asked the expert about Ashoka Buildcon. Sudarshan opined that there was a lot of hype around buildcon companies, but the stocks have not returned anything. The expert pointed out that if the stocks don’t perform when the Nifty is at 10,000, then they are unlikely to be outperformers. Sukhani told the investors to switch to financial services and FMCG stocks. |
|
|
|
|
Bharti Airtel defers Q2 results till Nov 14 over ambiguity on AGR verdict
Posted on 29th October 2019 |
.jpg) |
Bharti Airtel said on Tuesday it has postponed its second-quarter earnings report to mid-November, as the wireless operator sought clarity on the court ruling asking telecom firms to cough up overdue payments to the government.
Shares of the company, which was expected to release its quarterly numbers later in the day, dropped 3.3 per cent in early trade. |
|
|
Rupee slips 8 paise vs US dollar in early trade amid drop in oil prices
Posted on 7th October 2019 |
.jpg) |
The rupee on Monday opened eight paise lower at 70.96 against the US dollar amid drop in crude oil prices and rise in Asian equities. The domestic unit on Friday closed almost flat at 70.88 against after the Reserve Bank of India (RBI) in a widely expected move cut key interest rates by 0.25 percentage point. On a weekly basis, the local unit slumped by 32 paise. |
|
|
LIC pips private insurers in first-year premium growth during April-August
Posted on 13th September 2019 |
.jpg) |
In the first five months of the current financial year, first-year premiums of life insurance companies grew by 39.84% (year-on-year) at Rs 1.05 lakh crore as compared to Rs 75,588.35 crore in April-August of 2018-19. Life Insurance Corporation of India (LIC) continued to grow at a faster pace compared to private insurance players, shows the data from the Insurance Regulatory and Development Authority of India (Irdai). |
|
|
Apollo Hospitals rules out further stake sale
Posted on 13th September 2019 |
.jpg) |
Apollo Hospitals Enterprise (AHEL) has ruled out further dilution of promoters’ stake in the company. The company also said its Rs 1,337-crore stake sale of Apollo Munich Health Insurance with mortgage major HDFC will be concluded by October. Following these stake sales, the promoters’ pledged position will come down from a high of 76% to 54% by October and eventually to 20% by November or December, company sources said here. |
|
|
World trusts India on Kashmir, not us: Pakistan minister Ijaz Ahmed Shah
Posted on 13th September 2019 |
.jpg) |
In a major embarrassment for Pakistan and its Prime Minister Imran Khan, the country's Interior Minister Ijaz Ahmed Shah, a retired brigadier, said the international community didn't believe Pakistan's narrative on Kashmir; instead it is India whose version is trusted. |
|
|
|
|
| Be the first person to write a business review for Sudarshan Sukhani says ‘YES’ to bank, No to Wabag and Ashoka Buildcon |
|
|
|
