How market wizard Anil Singhvi views Zomato, DLF, HAL, other stocks today
As domestic equity benchmarks continue seesaw moves amid choppy trade, Zee Business Managing Editor Anil Singhvi shares his thoughts on a bunch of stocks. Here's what the market wizard suggests on scrips such as HAL, DLF, Zomato, and Varun Beverages.
As Dalal Street continues to remain rangebound amid choppy trade, with the headline Nifty50 index largely moving within the 22,050-22,200 band, Zee Business Managing Editor Anil Singhvi shares his thoughts on a bunch of stocks.
The market guru suggests investors adopt a 'buy on dips' strategy on Zomato shares amid strong upgrades by brokerages. He also shares his views on stocks including Hindustan Aeronautics Ltd (HAL), Varun Beverages Ltd (VBL) and DLF. Catch the complete list here:
DLF Q4 results strong but pre-sales lower than expected: Anil Singhvi
The market wizard points out that the realty developer staged a strong quarterly financial performance with a robust outlook though its pre-sales fell short of expectations.
Support for DLF futures at Rs 815, Rs 825: Anil Singhvi
The market guru expects DLF futures to find support at Rs 815 and 825.
He expects DLF futures to test higher levels of Rs 855 and Rs 865.
Buy Zomato shares on dips: Anil Singhvi
The market wizard suggests investors chase Zomato shares with a 'buy on dips' strategy at the current juncture amid a host of upgrades by brokerages after the release of the food delivery company's quarterly numbers.
Morgan Stanley, CLSA, 5 other brokerages raise Zomato TP
As many as seven foreign brokerages have raised their targets for the Zomato stock after the release of the food delivery company's financial results.
Morgan Stanley and Citi each raised their target price for Zomato to Rs 235 from Rs 180 and Rs 220 respectively. CLSA revised its target to Rs 248 from Rs 227 per share. Jefferies lifted its target by Rs 25 to Rs 230 per share.
Bernstein raises Zomato target price by 15%
While Bernstein has revised its target for Zomato by Rs 30 to Rs 230, Nomura and JPMorgan raised their targets by Rs 45 and Rs 33 to Rs 225 and Rs 208, respectively.
Support for JSPL futures at Rs 905, Rs 920: Anil Singhvi
The market guru highlights that Jindal Steel & Power (JINDALSTEL) staged a strong set of results on all fronts.
The stock generally reverses from lower levels post-earnings, and while JSPL futures have support at Rs 905 and 920 levels, they are expected to test a higher level at Rs 950, he adds.
Book profit in UPL shares at higher levels: Anil Singhvi
The market guru says that the agrochemical manufacturer's post-result conference call was "not great".
He suggests investors book profits in UPL shares at higher levels.
Buy Varun Beverages shares, says Anil Singhvi
The market wizard has a 'buy' call on Varun Beverages shares with targets of Rs 1,495 and Rs 1,505 and a stop loss at Rs 1,460, citing strong results.
How brokerages view PepsiCo bottler VBL
Jefferies and CLSA maintained their 'buy' ratings for Varun Beverages shares after the PepsiCo bottling company's earnings announcement on Monday. While CLSA retained its target at Rs 1,744, Jefferies revised it to Rs 1,690 from Rs 1,480.
Morgan Stanley maintained an 'overweight' rating on Varun Beverages with a target of Rs 1,701 per share.
Buy HAL futures: Anil Singhvi
The market guru suggests buying HAL futures for targets of Rs 3,980, Rs 4,020 and Rs 4,075 with a stop loss at Rs 3,900.