DEVEN CHOKSEY
Ambani magic captivates India once more with blockbuster deal
Jio Platforms Ltd. recorded India's largest IPO, raising $3.1 billion and experiencing a 27% rise in shares. The Ambani family strategically adapted the deal structure and lowered valuations to attract investors. Mukesh Ambani's son Akash played a significant role in this IPO process, marking a milestone for the Ambani dynasty. Jio's market valuation exceeded $130 billion, becoming India's second-most valuable company.
OFSS shares tumble 7%; Wipro, Coforge, Infosys shares down up to 2%. Why are IT stocks under pressure today?
Shares of OFSS fell over 7% while top IT stocks including Infosys, Wipro, and Coforge dropped up to 2% on Monday. The drag comes following reports of Oracle's $18 billion data centre debt pressure and US President Donald Trump extending the $100,000 H-1B visa fee by another year.
Tata stocks rise on listing hopes, Chandra's extension
Tata Sons has announced the reappointment of N Chandrasekaran as executive chairman for the next five years, sparking discussions about future strategic moves, including a possible listing. However, Tata Trusts has deemed this reappointment legally void, signaling potential tensions that may hinder group initiatives and delay unlocking shareholder value. The conflicts between these entities are significant as they impact leadership and strategic direction.
Infosys, TCS, other IT stocks in focus after first Fed rate hike in 3 years. Will inflationary pressures offset anti-AI euphoria?
Indian IT stocks such as Infosys and TCS are likely to remain in focus after the US Federal Reserve raised interest rates by 25 basis points, citing elevated inflation. Analysts expect higher-for-longer rates to pressure risk assets, while AI-related developments could influence sentiment towards Indian IT stocks.
Tata stocks rally on RBI ruling, potential Tata Sons listing
On Tuesday, shares of Tata Group companies with minority interests in Tata Sons experienced a notable rise. This followed the Reserve Bank of India's decision to deny Tata Sons the ability to surrender its lender status. Analysts suggest that a potential listing of Tata Sons might primarily benefit Tata Chemicals and Tata Steel.
Infosys, HCLTech, TCS, other IT stocks soar up to 6%; Nifty IT rallies 5% as global AI slowdown calls boost sentiment
Indian IT stocks rallied up to 6% after calls from Anthropic and OpenAI leaders for a slower pace of AI development eased fears of disruption from AI. Infosys, HCLTech, LTIMindtree and Mphasis gained around 6%, while TCS and Tech Mahindra rose over 5%, pushing the Nifty IT index up about 5%.
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AI restraint debate lifts outlook for India tech services stocks
Indian technology services stocks may see a reprieve from recent declines. Calls to slow artificial intelligence development could boost these beaten-down companies. Investors might bet on a longer disruption timeline for AI's impact. Valuations also present an attractive opportunity for renewed investor interest. This shift could lead to short-covering and fresh buying in frontline IT stocks.
Management commentary holds the key for HCL Tech: Deven Choksey
For some reason if the management fails to convince investors on this subject, then maybe the money would remain with TCS and Infosys, says Choksey
Market mature enough to digest Bihar outcome soon: Deven Choksey
I do not think that Bihar elections is an end of story for any government for that matter.
Any correction is a good opportunity to buy into FMCG stocks: Deven Choksey, KR Choksey Securities
"I believe that the sector as a whole looks interestingly positioned. Of course, the valuations are at a premium level in most of the cases."
Prefer EID Parry over other sugar stocks: Deven Choksey, MD, KR Choksey Securities
Given the situation in which most of the sugar companies are operating currently, it is safer to stay away from the UP based sugar mill companies, says Chocksey.
Bullish on Arvind, recommend buying on declines: Deven Choksey
They are bringing back complete value chain manufacturing in the country back from what they started in Bangladesh.
Prefer Yes Bank, IndusInd Bank within banking space: Deven Choksey
"Within the banking space, we certainly like some of the private sector banks like ICICI Bank, Axis Bank and Yes Bank."
Positive about Tata Motors within large cap space: Deven Choksey
"I am relatively more positive about these this stock within the large cap space"
Right time to invest in Sun and Glenmark Pharma: Deven Choksey, KR Choksey Securities
Within the midcap space probably Glenmark would remain a favourable choice given the kind of potential that they have, says Deven Choksey.
Bullish on Cairn India, says Deven Choksey
The stock is trading at very attractive price earning ratio, so definitely that is giving me confidence, says Deven Choksey.
Buy Punjab National Bank: Deven Choksey
"Buy Punjab National Bank because of its valuations."
Buy Bank of Baroda: Deven Choksey
"Buy Bank of Baroda because of the valuations and the size it has created."
Buy State Bank of India: Deven Choksey
"Buy State Bank of India because of the valuations."
Buy Godrej Properties: Deven Choksey
"The kind of margin of safety requirement in our portfolios we like to buy into Godrej Properties."
Unitech has higher numbers to talk about: Deven Choksey
"Unitech has higher amount of numbers to talk about and that is where the market has taken up the position ."
DLF has higher amount of numbers to talk about: Deven Choksey
" DLF have higher amount of numbers to talk about and that is where the market has taken up the position .''
Neutral on TCS: Deven Choksey
"TCS would have from current levels an up move of around 15% to 20% over next 6 to 12 months time."
Buy EID Parry with a target of 300-325: KR Choksey Sec
Over period of two years EID Parry should jump up to somewhere around 300 to 325 levels
Wockhardt moved up so much due to restructring: Deven Choksey
It was quite significantly battered down in earlier period and as a result of the efforts of restructuring, the stock has bounced back that much.
Latest gas find may push BPCL stock 15% to 20% from current levels: Deven Choksey
"Assuming that on current levels if this particular numbers are to be believed, the stock could see another 15% to 20% upside from the current levels."
Stay with IndusInd Bank: Deven Choksey
IndusInd Bank's quality of the business remains more comfortable compared to many other banks. So, stay as one can easily expect a price target of 325-330 going forward.
Any fall on LIC Housing Finance could give an upside: Deven Choksey
LIC Housing Finance looks interesting. Any fall in the stock price even the short-term could give an upside.
Stay with HDFC for long-term investments: Deven Choksey
For long-term investments, it is safe to stay with HDFC because there the clarity is much more as far as the company is concerned.
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