Stock Advice

Brokerages expect a subdued quarter for automobile companies due to strain on volumes and reduced profitability along with rising fuel costs. Auto sales, too, have remained muted in December, which has added to the dampening sentiment. Challenges relating to tight liquidity and low buying sentiment continue to weigh on sales growth. Here is a gist of what Kotak Institutional Equities and Motilal Oswal expect from Q3 performance of auto companies. Brokerage: Kotak Institutional Equities The research firm expects a soft quarter for auto companies. It expects revenue growth of 7 percent, while EBITDA could rise one percent and net revenue is seen rising 6 percent year on year. “EBITDA margin will likely decline by 80 bps yoy due to increase in commodity prices and higher discount levels. Suppliers will have a relatively better quarter with revenue and EBITDA growth of 11% and 6%, respectively due to exposure to the steady and profitable aftermarket. Commercial vehicle and two...

The start of earnings season, GST Council meet and crude price movements are among the 10 factors that will dominate the market this week. On the earnings front, IT majors TCS and Infosys will be announcing their numbers on January 10 and January 11, respectively. Apart from them, the likes of Bajaj Corp, Bandhan Bank, IndusInd Bank and Kotak Mahindra Bank will also be declaring December quarter results. Equity benchmarks had a dismal week, with the Sensex and Nifty shedding over a percent. There was some recovery among banks, but the overall trend was negative. "Investors should stay cautious as Q3 earnings season kicks off this week. On the domestic front, markets will also look forward to the industrial production data for November. US and China's inflation data will be watched on the global front," Rahul Sharma, Senior Research Analyst at Equity99 said in a statement. Here’s a list of all events that could have an impact on the market this week. Q3 earnin...

Brokerage houses are upbeat on Titan’s view on revenue growth for different segments. Shares of Titan traded 4 percent higher in morning trade. Morgan Stanley has maintained its overweight stance on the stock, along with Citi, which has a target price of Rs 1,250 apiece. On Friday (January 4, 2019), the company said in an exchange filing that it continued the good growth momentum across all its businesses in the seasonally strong third quarter. Further, it said that the company remains focused on delivering good and broad-based growth across all its brands and channels while enhancing the capabilities and capacity in the company for the long-term growth. Brokerage: Morgan Stanley | Rating: Overweight | Target: Rs 1,250 The global research firm said that management commentary on Q3 underscores the outlook for a strong revenue growth. There could be an upside surprise in jewellery operating margins. Further, it quoted the management view on revenue growth of 22% ...

The Nifty50 lost nearly half of its gains in late trade and closed the session higher on Monday, but failed to hold on to 10,800 levels. The rally was driven by strong Asian & US cues while IT sector was the leading gainer (up over 1 percent) ahead of Infosys & TCS' Q3 earnings later in the week. The index formed small bearish candle on the daily charts, which resembles a 'Spinning Top' kind of pattern. Spinning Top is often regarded as a neutral pattern which suggests indecisiveness on the part of both bulls as well as bears. It can be formed in an uptrend as well as in a downtrend. The Nifty50 after opening sharply higher at 10,804.85 rallied further and hit an intraday high of 10,835.95 in morning, but gradually erased some gains in afternoon and hit day's low of 10,750.15 in late trade. The index maintained positive trend throughout the session and closed 44.40 points higher The index is likely to consolidate in coming sessions as ...