Stock Market LIVE Updates: Indian equity benchmarks Sensex and Nifty50 started Wednesday’s session on a positive note amid gains across global markets.
Sanjay Mookim, Strategist and Head of India-Equity Research at JPMorgan India, says the risk of a larger move in the market is higher this year.
Pradeep Kheruka, Chairman of Borosil Renewables, tells CNBC-TV18 that solar demand is visible across the world.
Amritanshu Khaitan, MD, Eveready Industries India, tells CNBC-TV18 the company plans to take a price hike of 5-10 percent in April.
Sudhir Sitapati, CEO of Godrej Consumer, tells CNBC-TV18 that hyperinflation in commodities is impacting the company’s volume growth, which will be under pressure for the next few quarters.
Rohit Srivastava, Founder and Strategist of Indiacharts.com, is of the view the market is in a longer-term bull phase.
Within that, I would sense that the Nifty Bank, which was actually an underperformer during 2021, should do pretty well.
VR Sharma, Managing Director at JSPL, told CNBC-TV18 the company’s input costs were high and prices down in Q3.
Amit Sajeja, VP-Technical Commodities and Currencies Analyst, Commodities, Motilal Oswal Financial Services, recommends buying MCX gold April futures at Rs 48,150 for a target of Rs 48,700 with a stop loss below Rs 47,900.
The company’s construction unit, L&T Construction, won a significant contracts from the Bangladesh Hi-Tech Park Authority.
Godrej Consumer Products shares down as much as 3.2 percent at Rs 850.6 despite an increase in Q3 profit and revenue.
Gurmeet Chadha, Co-Founder and CEO of Complete Circle Consultants, believes Tata Steel, Hindalco and Jindal Stainless are better placed provided one enters at a good price.
“I know people say that you should buy a high P/E and sell a low P/E but that view is when you think the cycle is over.