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They bought shares of metal companies, which are expected to benefit from the upcycle in global commodities. Besides, the focus on dividend aspect of such companies provides stability to fund houses’ portfolio when rally in these stocks peak.
Buy HDFC Bank, target price Rs 1,379: ICICI SecuritiesOn the cost front, the bank has been agile about consistently bringing down cost to assets by more than 40 bps and it still has a further buffer to manage it by 15-20bps to cushion any earnings volatility.
from Stocks-Market… Read MoreBlistering Nasdaq momentum is approaching dot-com escape speedAs the second half of the year begins, tech’s stellar returns are getting hard to ignore.
from Stocks-Markets-Economic Times https://ift.tt/3iov1Lq
… Read MoreUncertainty sees companies suspending guidanceCovid-19 Impact Large cos such as Infosys, Larsen & Toubro, Hindustan Unilever, among others, feel business is an evolving situation in the midst economic uncertainty during the pandemic, and guidance would be improbable
… Read MoreElon Musk mocks regulators, short-sellers as Tesla soarsTesla shares finished the official trading day up nearly eight percent, meaning investors who bet on the stock tumbling by "shorting" shares had money-losing positions.
from Stocks-Markets-Economic Times https://ift.tt/2VGld… Read MoreSensex rallies 40% from March lows, but 2 in 3 stocks fail to keep paceThe BSE 500 index has gone up by 40.3 per cent, from 2020 low of Rs 7,864.01.
from Stocks-Markets-Economic Times https://ift.tt/3isQVNs
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