Friday, 12 January 2018
Market Live: Sensex,Nifty, Midcap hit fresh all-time high Stock Market Free Trading Tips By TradeIndia Research-12-01-2018
Shares of Shree Cements rose 1.5 percent in the early trade on strong December quarter numbers. The company has reported a better-than-expected December quarter numbers, with net profit increased 41.6 percent at Rs 333.3 crore against Rs 235.4 crore posted during the same quarter last year. The revenue also grew 23.1 percent at Rs 2,296.2 crore against Rs 1,864.4 crore, year-on-year. The company in its board meeting held on January 11 approved the acquisition of majority equity stake (minimum 92.83 percent) in Union Cement Company (UCC), UAE for an enterprise value of USD 305.24 million (Rs 1,945 crore).
Bulls did not disappoint investors in the first month of the new calendar year as Indian market rose to fresh record highs consistently so far in the month of January.
The rally in Indian markets is not yet over but the money is likely to be made in individual stocks. The risk-to-reward ratio with respect to indices in the short term looks limited, but the current bull run is likely to span out for next 10-15 years.
"We stand at an inflection point whereby there is a high probability that the economy and the markets will shift a gear higher in the year 2018," Sunil Subramaniam, CEO, Sundaram Mutual told Moneycontrol.
"The equity markets would increasingly look at earnings delivery given the fact that valuations are robust based on trailing returns. We strongly believe that we are still in the initial stages of a long-term bull market which can span 10 to 15 years," he said.
nvestors are better off betting on stocks which can deliver benchmark beating gains. The optimism stems from the fact that earnings are likely to register double-digit gains in the in the FY19.
“We expect strong momentum to continue for equity market over FY19 due to revival in earnings after teething problems of GST, low base of demonetisation, increasing focus of government on infrastructure development even at the cost of fiscal slippage and favourable global headwinds with favourable commodity prices,” Abhinav Gupta, President - Capital Markets, Share India Securities told Moneycontrol.
“Increasing government spend will lead to higher purchasing power and we expect earnings to grow at around 17-18 percent over next year. We maintain our year-end Nifty target at 12,500 in line with current multiples and pricing in the earnings growth over the course of the year,” he said.
We have collated a list of 5 stocks from various brokerage house on stocks which could emerge as a dark horse in 2018 and beyond:
Dr. Reddy’s Laboratories
Dynemic Products Ltd
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