US Stock Reports, Quotes and News
Pankaj Murarka discusses Tesla\’s entry into India, emphasizing its impact on the luxury electric vehicle market, global vendors, auto ancillary companies, and the growth of the Indian passenger vehicle market.
Sanjiv Bhasin predicts market correction end post Iran-Israel conflict. He recommends ONGC, Vedanta, Indiabulls Real Estate and . advises buying IDFC First Bank, Hindustan Lever and Axis and ICICI banks. Furthern he favours TCS over Infosys, Wipro, LTIM, HCL Tech as top picks. Bajaj Auto is lauded for growth potential while Reliance Industries is expected to deliver strong results.
Mirae Asset Investment Managers are bullish on India\’s economy, emphasizing growth prospects. Ankit Jain sees opportunities in midcap companies, consumer, and financial services sectors. Positive outlook despite stretched valuations, with focus on earnings growth and investment opportunities in various sectors. Jain says: \”The 1-year forward P/E ratio for Nifty stands at 22.5x, while for the Midcap 100, it is 24.5x, representing a premium of 12-15% over their respective 10-year averages.\”