US Stock Reports, Quotes and News
Aditya Arora of Adlytick recommends defensive stock picks like Lupin and Voltas. With the market rebounding from key levels, he says the focus should be on theme-specific smallcaps/midcaps. It is time to be cautious as we are seeing adecline in global tech stocks. Arora says it time to be bullish on sugar and metals.
Under the proposal, a vertical demerger of Madura Fashion and Lifestyle business will be executed and newly incorporated company named as Aditya Birla Lifestyle Brands Ltd will be listed separately on completion of the demerger from ABFRL. ABFRL plans to raise Rs 2,500 crore equity capital within 12 months of demerger with promoter participation.
Kacholia trimmed his stake in Aditya Vision by 12 bps to 1.87 at the end of the January-March quarter versus 1.99% at the close of the December quarter.
Aditya Arora provides insights on stock recommendations, including ONGC and Thermax. He also advises on Senco Gold\’s strong performance, the bullish outlook on the metals pack, trading opportunities in Vodafone, and key levels for Nifty and Bank Nifty. Arora says: \”The metal index is trading at 9002 odd levels. I still think it is a buy; the upside which I see is 9500 to 9600.\”
Sudeep Shah, from SBI Securities, predicts market consolidation and bullish movement towards 22,950-23,000. He further Recommends Aditya Birla Capital and MCX stocks and anticipates positive trends in the pharma sector, specifically mentioning Concord Bio.