* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, June 3, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Rising stars: Young classical musicians surging on social media – Yahoo

    Meet the Next Generation of Classical Music Sensations Making Waves on Social Media!

    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

    Unveiling the Enigmatic: First Looks at Destruction and Puck in ‘The Sandman

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    AI for lawyers: Win back your time using technology – nationaljurist.com

    Reclaim Your Time: How AI is Transforming the Legal Profession

    Prosecutors accuse men of exporting U.S. military technology to China – Milwaukee Journal Sentinel

    Men Charged with Illegally Exporting U.S. Military Technology to China

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Rising stars: Young classical musicians surging on social media – Yahoo

    Meet the Next Generation of Classical Music Sensations Making Waves on Social Media!

    Devin Harjes Dies: ‘Manifest’ & ‘Boardwalk Empire’ Actor Was 41 – WyomingNews.com

    Tragic Loss: Devin Harjes, Star of ‘Manifest’ and ‘Boardwalk Empire,’ Passes Away at 41

    Why Starz Entertainment Stock Soared Today – The Motley Fool

    Unpacking the Surge: What Fueled Starz Entertainment’s Stock Explosion Today!

    Unveiling the Enigmatic: First Looks at Destruction and Puck in ‘The Sandman

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Jackie Chan Reveals This Family Member ‘Never Watched’ The Whole Of Any Of His Movies – Yahoo

    Mavs CEO holds firm on new arena, entertainment district in Dallas – Dallas News

    Mavs CEO Stands Strong on Vision for New Arena and Entertainment District in Dallas

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    AI for lawyers: Win back your time using technology – nationaljurist.com

    Reclaim Your Time: How AI is Transforming the Legal Profession

    Prosecutors accuse men of exporting U.S. military technology to China – Milwaukee Journal Sentinel

    Men Charged with Illegally Exporting U.S. Military Technology to China

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    ROLAND’S NEW WIRELESS TRIGGER TECHNOLOGY, PORTER & DAVIES ON TOUR, NEW 64 AUDIO ASPIRE UNIVERSAL IEM MODELS, WAVES FREE PLUGIN PACK – Modern Drummer Magazine

    This giant microwave may change the future of war – MIT Technology Review

    Revolutionizing Warfare: The Impact of a Game-Changing Giant Microwave

    Bajeed Pattan Joins Forbes Technology Council as Innovation Leader – PRWeb

    Bajeed Pattan Takes the Helm as Innovation Leader at Forbes Technology Council!

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Lafayette Regional Technology Council – Tech Leadership That’s Homegrown and Future-Focused – Discover Lafayette

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

Analysts pick stocks to buy as Sensex hits 80,000; HDFC Bank, ITC top bets

July 3, 2024
in News
Analysts pick stocks to buy as Sensex hits 80,000; HDFC Bank, ITC top bets
Share on FacebookShare on Twitter

Top stocks to buy at 80,000 Sensex level: Even as the BSE Sensex index has touched the 80,000-mark for the first time in intraday deals on July 3, analysts believe the ongoing rally has more legs. The up-move, they said, would be driven by sectors such as financials and consumption, which have underperformed over the past few months.

“Despite the Sensex hitting the 80,000-mark, there are ample opportunities within the index. HDFC Bank, Ultratech Cement are extremely deep value stocks at present. Sectorally, banking and financial services, along with fast moving consumer goods (FMCG), and pharmaceuticals look attractive at current levels,” said Kranthi Bathini, director-equity, WealthMills Securities.

On July 3, 2024, the BSE benchmark Sensex index hit a record high of 80,074 level in the intraday trade, surpassing the 80,000-mark for the first time ever. The momentous feat was achieved largely driven by a strong rally in HDFC Bank shares.

The BSE Sensex had hit the 70,000-mark for the first time on December 11, 2023, and has risen 13.7 per cent since then (till Tuesday’s close).

Among individual stocks, Mahindra and Mahindra (M&M), Power Grid Corporation, Adani Ports and SEZ, Bharti Airtel, Tata Motor, Tata Steel, and NTPC have been at the forefront of this rally, ACE Equity data shows. These stocks have surged in the range of 30 per cent to 72 per cent.

On the flipside, Asian Paints, Bajaj Finserv, Titan Company, ITC, IndusInd Bank, Kotak Mahindra Bank, Bajaj Finance, Hindustan Unilever (HUL), Nestle India, and HDFC Bank have been the biggest laggards, giving returns between (-)9.5 per cent and (+)4.7 per cent.

“Banks and FMCG is the space to be. As the current upswing has been driven by banks, I expect stocks from this pack to hold the momentum ahead. HUL, ITC, Dabur, and Jyothy Labs from the consumption space, and Axis, and ICICI Bank from the banking sector can be bought at current levels,” said Amabreesh Baliga, independent market analyst. HDFC Bank, though attractive, may be considered on dips given the recent upmove, he added.

The BSE BANKEX has risen 9 per cent so far in calendar year 2024, while the BSE FMCG index is up 6 per cent. By comparison, the benchmark index has added 10 per cent year-to-date.

Large-caps the place to be

On the valuation front, the Sensex index is trading at a trailing price-to-earnings (P/E) multiple of 24.2x at present. By comparison, the index’s 5-year P/E average stands at 26x and 10-year at 24x.

Considering the 7-per cent growth rate for the Indian economy, and the index’s severe underperformance over the past few years, relative to mid- and small-caps, analysts believe the BSE Sensex index remains in a comfortable zone and has room for growth.

“Investors should allocate at least 50 per cent of their equity assets in the large-cap stocks as the index remains in a comfortable zone with another 7-10 per cent rally, over the next one year, highly likely,” said G Chokkalingam founder and head of research at Equinomics Research.

He prefers large-cap stocks like Infosys, Reliance Industries, Jio Financial Services, ITC, and  HDFC Bank.

Word of caution

That said, analysts cautioned that the rally in the banking and consumption sector would hinge on the progress of the monsoon, which would determine demand recovery and the subsequent credit growth.

“If the interest rate cut cycle gets delayed due to weak monsoon, which is in deficit as of now, the sentiment may take a hit. The benchmarks, in the worst case scenario, may see a downside of 3-5 per cent,” added Chokkalingam of Equinomics Research.

By comparison, the broader mid- and small-cap indices may see a steeper fall with select individual stocks falling up to 30 per cent, he said.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BusinessStandard – https://www.business-standard.com/markets/news/analysts-pick-stocks-to-buy-as-sensex-hits-80-000-hdfc-bank-itc-top-bets-124070300389_1.html

Tags: Analystsnewsstocks
Previous Post

Infosys Foundation, ICT Academy join hands to skill 48,000 students

Next Post

Key INDIA bloc meeting begins in Jharkhand amid guard change speculations

NC lawmakers target pharmacy “middlemen” in proposed reforms – North Carolina Health News

NC Lawmakers Take Aim at Pharmacy Middlemen with Bold Reform Proposals

June 3, 2025
If we want better political representation, let’s stop voting straight ticket in Indiana – Indiana Capital Chronicle

Break the Mold: Why Ditching Straight Ticket Voting in Indiana Can Transform Political Representation

June 3, 2025
AI for lawyers: Win back your time using technology – nationaljurist.com

Reclaim Your Time: How AI is Transforming the Legal Profession

June 3, 2025
LeBron James details his gripes with the current state of youth sports: ‘A lot of kids burn the hell out’ – CBS Sports

LeBron James Opens Up About the Challenges Facing Youth Sports: “So Many Kids Are Burning Out

June 2, 2025
Restoration cannot be scaled up globally to save reefs from loss and degradation – Nature

Reviving Our Reefs: The Challenge of Scaling Up Restoration Efforts Globally

June 2, 2025
Attorney General Bonta Sues to Stop Termination, Withholding of National Science Foundation Grants – State of California – Department of Justice (.gov)

Attorney General Bonta Takes Action to Protect National Science Foundation Grants

June 2, 2025
Exclusive: US veterans agency orders scientists not to publish in journals without clearance – The Guardian

US Veterans Agency Imposes New Restrictions on Scientific Publishing

June 2, 2025
Upper Allen Township launches new initiative to encourage a more active lifestyle – fox43.com

Upper Allen Township launches new initiative to encourage a more active lifestyle – fox43.com

June 2, 2025
Lionel Messi rejoins Argentina for two World Cup qualifiers before Club World Cup – USA Today

Lionel Messi rejoins Argentina for two World Cup qualifiers before Club World Cup – USA Today

June 2, 2025
Jobs Report Could Be Early Sign of Tariffs Cost – U.S. News & World Report

Jobs Report Could Be Early Sign of Tariffs Cost – U.S. News & World Report

June 2, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (660)
  • Economy (674)
  • Entertainment (21,580)
  • General (15,257)
  • Health (9,718)
  • Lifestyle (677)
  • News (22,149)
  • People (676)
  • Politics (684)
  • Science (15,895)
  • Sports (21,180)
  • Technology (15,662)
  • World (662)

Recent News

NC lawmakers target pharmacy “middlemen” in proposed reforms – North Carolina Health News

NC Lawmakers Take Aim at Pharmacy Middlemen with Bold Reform Proposals

June 3, 2025
If we want better political representation, let’s stop voting straight ticket in Indiana – Indiana Capital Chronicle

Break the Mold: Why Ditching Straight Ticket Voting in Indiana Can Transform Political Representation

June 3, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version