Jan 19 2024, 08:42

5 PSU banks with upside potential of up to 34%:

Probably banking is a word which many may not like to hear given the fact that the fall has been led by the banking sector. But the fact is short term market moves are different from what is happening in the real business. In the case of PSU banks, there has been an improvement in performance in the last two quarters. 

 The question is it a rotational trade, where the money stays in banking but moves from private sector to public sector banks or this is due to the fact that PSU banks have actually cleaned up their act and finally numbers are showing that. For that we will have to look at what has happened in the nine years, the attempt and the road blocks which the PSU banks had seen during this period.

A part of this cleanup happened with mergers of different PSU banks. The other part which was more important and in fact had started even before these mergers took place was cleaning up the mess of NPA in the balance sheet. All the NPA's which banks had been pushing under the carpet for many years through evergreening were forced to be recognised by stricter laws and monitoring.

The stocks collated with data from the latest Stock Reports Plus report dated Jan 18th, 2024.

Public Sector Banks - Upside potential

Jan 18, 2024

Company Name

State Bank of India

Latest Avg Score

10

Reco

Buy

Analyst Count

42

 Upside Potential %

34.2

Inst Stake %

27.3

8.6

3M Returns %

Market Cap Rs Cr

Company Name

558,815

Indian Bank

Latest Avg Score

10

Reco

Buy

Analyst Count

9

 Upside Potential %

24.6

Inst Stake %

16.0

3M Returns %

3.1

Market Cap Rs Cr

59,468

Company Name

Bank of Baroda

Latest Avg Score

8

Reco

Buy

Analyst Count

30

 Upside Potential%

24.2

Inst Stake %

20.8

3M Returns %

8.8

Market Cap Rs Cr

116,614

Company Name

Canara Bank

Latest Avg Score

10

Reco

Buy

Analyst Count

14

 Upside Potential %

20.4

Inst Stake %

20.5

3M Returns %

21.0

Market Cap Rs Cr

Company Name

Latest Avg Score

Reco

82,833

Union Bank of India.

10

Strong Buy

Analyst Count

8

 Upside Potential %

Inst Stake %

13.7

10.1

3M Returns %

Market Cap Rs Cr

25,3

97,844

 Calculated from highest price target given by analysts



source: et 

Jan 19 2024, 08:39

Stock Radar: UBL breaks out from 2- year consolidation range above 2,000 level:

The stock continued to move in a range after hitting a high of Rs 1,793 in November 2021. It consolidated in a 500-point range where 1,800 acted as a stiff resistance and on the downside levels above 1300 acted as a support.

The FMCG stock continued to move in a range after hitting a high of Rs 1,793 in November 2021. It consolidated in a 500- point range where 1,800 acted as a stiff resistance and on the downside levels above 1300 acted as support.

UBL witnessed a steady rise after retesting a 20-week moving average in November 2023, which helped it break out from the range on the upside earlier in January.

In terms of price action, the stock is trading below 5 and 10-DMA but above 20,30,50,100, and 200-DMA on the daily charts.

source: et 

Jan 19 2024, 08:20

5 largecap stocks from different sectors with upside potential of up to 34%:

 There is a high probability that we might see more of it in the coming weeks. So, it would be better to stay prepared for volatility. One of the ways for that would be to stay with large caps and especially the ones which have shown streak of outperformance at a time when other large caps have been under pressure.

There is enough evidence to say that in the short term we may see some underperformance in large cap space, the fact is that over the long term these large caps not only create much more wealth but in a bearish phase, they tend to protect the wealth by falling less as compared to mid and small caps. It might be a better idea that incremental exposure should be taken in large caps which meet certain criteria on financial ratios.

We look at companies, where there has been an improvement in overall analyst scores. This improvement could be because of any reason, but the fact that they have seen an improvement in their score is an indication that some headwinds have come down for these companies. 

We take a look at stocks which have shown outperformance in the phase of volatility in the nifty of the last few weeks. 


Large Cap Stocks with Score Improvement

Month on Month

Upside Potential-Jan 18, 2024

Company NTPC

Name

Latest Score

10

Avg Score 1M ago

9

Reco

Buy

Analyst 21 Count

*Upside 34.0

Potential

1M

1.4

Returns

Inst

38.9

Stake

Market

299,966

Cap Rs

Cr

Company Thermax Name

Latest Avg

6

Score

Ava Score 1M ago

5

Reco

Hold

Analyst 23

Count

Upside 34.0 Potential

IM

9.5

Returns

Inst

21.5

Stake

Market Cap Rs

36,835

Cr

Company Havells India Name

Latest

6

Score

Avg Score 1M ago

5

Reco

Buy

Analyst

40

Count

Upside 31.0 Potential

IM

Returns

74

Inst

20.1

Stake

Market

89.660

Cap Ro

Cr

Company SKF India Name

Latest 8 Avg

Score Avg

Score 1M ago

7

Reco Analyst 9

Hold

Count

Upside Potential

28.0

1M Returns

14

Inst

33.0

Stake

Market Cap Rs

23,028

Cr

Company Bank of Baroda Name

Latest Avg Score

Ava Score

1M ago

7

Reco Analyst 30

Buy

Count Upside 24.0

Potential

IM Returns %

04

Inst

20.8

Stake

Market Cap Rs Cr

116,614

Calculated from highest price target given by analysts




source: et 

Jan 18 2024, 08:24

6 बैंक स्टॉक 12% से अधिक रिटर्न दे सकते हैं:

जबकि बैंक निफ्टी एमआईजी आज के कारोबारी सत्र में दबाव का सामना कर रहा है, यह सूचकांकों में उच्च वेटैग के साथ एक गायन बैंक के कारण, इसके विपरीत और अल्पकालिक व्यापारी के लिए एक अवसर हो सकता है, इस तथ्य को देखते हुए कि यह देखा गया है कि एसयूसी चाल के बाद एसएचओ जल्दी या देर से कवर करता है, लेकिन फिर
एक स्टैंड लेने की क्षमता । 

नीचे एक सूची दी गई है जिसमें 17 जनवरी, 2024 की नवीनतम स्टॉक रिपोर्ट प्लस रिपोर्ट के डेटा के साथ बैंकिंग शेयरों के लिए औसत मूल्य लक्ष्य शामिल हैं ।  सूची में अगले 12 महीनों के लिए प्रत्येक बैंकिंग स्टॉक का मूल्यांकन करने वाले विश्लेषकों की गिनती भी शामिल है ।  इस रिपोर्ट के उद्देश्य के लिए, हमने उन शेयरों को फ़िल्टर किया है जिनमें विश्लेषकों की संख्या 42 तक है और उल्टा क्षमता 18% तक है ।  

 रिफाइनिटिव, मानकीकृत स्कोर उत्पन्न करने के लिए पांच प्रमुख घटकों की कमाई, बुनियादी बातों, सापेक्ष मूल्यांकन, जोखिम और मूल्य गति पर ध्यान केंद्रित करने वाले विस्तृत कंपनी विश्लेषण के साथ 4,000 से अधिक सूचीबद्ध शेयरों के मूल्य लक्ष्यों के लिए ।  एसआर + रिपोर्ट ईटप्राइम सदस्यों के लिए एक मानार्थ पेशकश है ।  अधिक जानने के लिए यहां क्लिक करें । 

17 जनवरी, 2024 तक बैंकिंग स्टॉक अपसाइड पोटेंशियल

बैंकिंग स्टॉक-उल्टा संभावित

17 जनवरी, 2024

तालिका में खोजें

बैंक का नाम

आईसीआईसीआई बैंक

मीन टारगेट प्राइस (रु.) क्लोज प्राइस (रु.)

1,200

1.009

लक्ष्य बनाम वर्तमान (%)

18.9

विश्लेषक गणना

42

बैंक का नाम

एचडीएफसी बैंक

औसत लक्ष्य मूल्य (रुपये)

1.970

बंद कीमत (रुपये)

1,679

लक्ष्य बनाम वर्तमान (%)

17.3

विश्लेषक गणना

41

बैंक का नाम

बंधन बैंक

औसत लक्ष्य मूल्य (रुपये)

268

बंद कीमत (रुपये)

230

लक्ष्य बनाम वर्तमान ( % ) विश्लेषक गणना

16.6

26

बैंक का नाम

फेडरल बैंक

औसत लक्ष्य मूल्य (रुपये)

173

बंद मूल्य (रुपये) लक्ष्य बनाम वर्तमान (%)

150

15.6

विश्लेषक गणना

30

बैंक का नाम

भारतीय स्टेट बैंक

औसत लक्ष्य मूल्य (रुपये)

717

बंद कीमत (रुपये)

637

लक्ष्य बनाम वर्तमान (%)

12.6

विश्लेषक गणना

42

बैंक का नाम

कोटक महिंद्रा बैंक

औसत लक्ष्य मूल्य (रुपये)

2070

बंद कीमत (रुपये)

1.848

लक्ष्य बनाम वर्तमान (%)

12.0

विश्लेषक गणना

37


source:et 

Jan 18 2024, 08:15

Ban on Binance, KuCoin, et al. Will this be a turning point for Indian crypto exchanges?

Having taken a hard blow as trading volumes plummeted by 90% last year following a change in tax regime, domestic crypto platforms have been struggling to stage a comeback. Can this be their turning point?

Indian crypto exchanges have had a busy fortnight after the Financial Intelligence Unit - India (FIU IND), which falls under the finance ministry, issued show cause notices to nine offshore cryptocurrency platforms late last month for non-compliance with the country's anti-money laundering rules.

Crypto unicorns CoinSwitch and CoinDCX announced last week that they will start taking crypto deposits, and the latter is working on withdrawals as well. Meanwhile WazirX, which always gave cryptocurrency traders the option to deposit in crypto, said it is working on crypto withdrawals for its larger userbase. CoinDCX went even a step further by allocating USD1 million to help investors move their assets from "non-compliant offshore exchanges" and announced a 1% bonus for all crypto deposits made between January 9 and January 17.

On Monday, much to the chagrin of foreign players, Apple pulled out some of their platforms from its App Store. By Saturday, the apps of Binance, KuCoin, Bitfinex, Huobi and Krake were removed from Google's PlayStore, and their URLs were not accessible.

According to industry experts, the FIU notice and the iPhone maker's decision are expected to work in favour of domestic crypto exchanges, some of which have already reported a spike in deposits. CoinDCX told ET Prime that it recorded a 2,000% jump in remittances while CoinSwitch said it registered a 30%-35% rise.

Contrary to this, their trading volumes have hardly seen significant increase, according to data sourced from Crebaco.


source: et 

Jan 18 2024, 08:09

Stock Radar: 20% rally of KCP breaks out from Cup & Handle pattern:

The KCP stock rose from Rs 149 on December 15, 2023, to Rs 183 on January 16, which translates into an upside of over 22% in a month. The recent price action pushed the stock above the neckline of the Cup and Handle pattern on the weekly as well as monthly charts.

KCP Ltd, a part of the cement industry, has rallied over 20% in a month, which helped the stock break out from a Cup and Handle pattern on the weekly and monthly charts.

The stock rose from Rs 149 on December 15, 2023, to Rs 183 on January 16, which translates into an upside of over 22% in a month.

KCP's cement business is over 60+ years old with manufacturing plants in Macherla & Mukthyala, Andhra Pradesh, producing a combined annual capacity of 2.2 mn, states the company website.

The recent price action pushed the stock above the neckline of the Cup and Handle pattern on the weekly as well as monthly charts.

"KCP has been a strong performer in recent times. It has witnessed a fresh breakout from a bullish Cup and Handle pattern on the weekly and monthly charts," said Gaurav Bissa, VP, InCred Equities.

"The weekly breakout confirmation was seen on the back of strong volumes, which ensured the stock sustained above breakout levels," he said.



source: et 

Jan 18 2024, 08:01

4 metal stocks with upside potential of up to 25%:

Over the last two decades there have been many issues which the Chinese economy has faced, right from debt to GDP concern to shadow banking to property crisis. They all have been 
resolved and the economy.

China the metal guzzler is going through a slowdown, China has been trying to revive its economic growth for the last two years. Twice it had announced direct measures to prop up its real estate market. Just recently with a cut in interest rate, it made its intent very clear and now a special bond sale. While some argue government desire to revive is just one part of it, revival of any economy be it China or any other country is a function of many, some of which are surely beyond the control of any government.

However, a word of caution, for the last three quarters despite all announcements coming from China, metal.


Metal Sector

- Upside

potential

Jan 17, 2024

Company Name

Hindalco

Latest Avg Score

9

Reco

Buy

Analyst Count

23

 Upside Potential %

25.1

Inst Stake %

45.3

3M Returns %

Market Cap Rs Cr

19.9

130,181

Jindal Steel & Power

Company Name

Latest Avg Score

8

Reco

Buy

Analyst Count

24

 Upside Potential %

20.0

Inst Stake%

18.9

3M Returns %

8.4

Market Cap Rs Cr

76,512

Company Name

JSW Steel

Latest Avg Score

8

Reco

Hold

Analyst Count

28

 Upside Potential %

19.2

Inst Stake%

16.4

3M Returns %

5.3

Market Cap Rs Cr

203,547

Company Name

Tata Steel

Latest Avg Score

4

Reco

Buy

Analyst Count

27

 Upside Potential %

16.6

Inst Stake%

29.0

3M Returns %

8.1

Market Cap Rs Cr

168,781

*Calculated from highest price target given by analysts

source:et 

Jan 18 2024, 07:47

5 smallcap stocks from different sectors with some checks and balances:

Several investors would be looking at their portfolios. Probably there would be two very different thoughts that might be coming to the minds. It could be either that smallcaps are a good set of stocks because, despite Nifty's fall, they have not fallen as much so why should one be bothered? Or there is the possibility that some would be thinking that this fall in Nifty can be now moved to smallcaps in some days So sell smallcaps. 

Select pockets of small caps are witnessing what is commonly known as irrational exuberance. Otherwise there is no reason why stocks of companies which are insolvent, going through the process of IBC are witnessing the kind of up move they are in the last few weeks. But no one knows till when this phase might continue. So, if one is interested in buying stocks in small cap stocks, it would be better than to apply more filters by means of checks on the industry in which one is investing and the financial number of individual companies. More importantly, even after putting all those checks, be ready for underperformance and hit on these companies.

In order to look for such companies, different combinations of profitability ratios have been used. So, stocks with a minimum return on equity of 14% is considered. 

Small Cap Stocks with Net Margin & RoE

Jan 17, 2024

Company Name

Chaman Lal Setia Exports

Avg Score

10

Net Margin %

10.0

RoE%

23.3

Inst Stake %

0.2

Market Cap Rs Cr

1,263

Company Name

Indian Metals and Ferro Alloys

Avg Score

10

Net Margin %

10.3

RoE%

14.2

Inst Stake %

0.3

Market Cap Rs Cr

2,617

Company Name

Foseco India

Avg Score

9

Net Margin %

15.0

RoE%

27.7

Inst Stake %

0.1

Market Cap Rs Cr

2,357

Company Name

Gandhi Special Tubes

Avg Score

9

Net Margin %

30.3

RoE%

27.3

Inst Stake %

1.0

Market Cap Rs Cr

925

Company Name

Ganesh Benzoplast

Avg Score

9

Net Margin %

13.2

RoE%

16.8

Inst Stake %

2.5

Market Cap Rs Cr

1,136



source: et 

Jan 18 2024, 07:39

The 6 bank stocks can give over 12% returns:

While the bank nifty mig be the facing pressure i today's trading session, it because of the one sing bank with high weightag in the indices, for contrar and short term trader the might be an opportunit given the fact that it ha been witnessed that suc move are followed by sho covering sooner or late But again this probably trade for high risk traders investors who have the
ability to take a stand.

Below is a list containing mean price targets for banking stocks collated with data from the latest Stock Reports Plus report dated Jan 17, 2024. The list also contains a count of analysts evaluating each banking stock for the next 12 months. For the purpose of this report, we have filtered out stocks wherein the count of analysts is up to 42 and upside potential is up to 18%. 

 Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members. Click here to know more.

Banking stocks Upside Potential as of Jan 17, 2024

Banking Stocks - Upside Potential

Jan 17, 2024

Search in table

Bank Name

ICICI Bank

Mean Target Price (Rs) Close Price (Rs)

1,200

1.009

Target vs. Current (%)

18.9

Analyst Count

42

Bank Name

HDFC Bank

Mean Target Price (Rs)

1.970

Close Price (Rs)

1,679

Target vs. Current (%)

17.3

Analyst Count

41

Bank Name

Bandhan Bank

Mean Target Price (Rs)

268

Close Price (Rs)

230

Target vs. Current (%) Analyst Count

16.6

26

Bank Name

Federal Bank

Mean Target Price (Rs)

173

Close Price (Rs) Target vs. Current (%)

150

15.6

Analyst Count

30

Bank Name

State Bank of India

Mean Target Price (Rs)

717

Close Price (Rs)

637

Target vs. Current (%)

12.6

Analyst Count

42

Bank Name

Kotak Mahindra Bank

Mean Target Price (Rs)

2070

Close Price (Rs)

1.848

Target vs. Current (%)

12.0

Analyst Count

37


source:et 

Jan 17 2024, 11:41

रॉयल एनफील्ड की बुलेट 30% कम: प्री-ओन्ड मार्केट और उसका बिजनेस:

इस कदम से रॉयल एनफील्ड गुना करने के लिए ग्राहकों का एक नया सेट लाने के लिए और आगे ब्रांड को मजबूत करेगा. प्रीमियम बाइक एक बहुत कम कीमत पर उपलब्ध हो जाएगा के रूप में उपभोक्ता को फायदा होगा. अगर रॉयल एनफील्ड जैसे बड़े खिलाड़ी बाजार में प्रवेश करते हैं तो इस्तेमाल किया गया दोपहिया बाजार बेहतर संगठित हो सकता है । 

पिछले महीने, रॉयल एनफील्ड ने कंपनी द्वारा संचालित पहल, रीउन के साथ पूर्व स्वामित्व वाले दोपहिया कारोबार में प्रवेश करने का फैसला किया ।  अभी के लिए, केवल रॉयल एनफील्ड डीलरशिप का चयन एक परीक्षण के आधार पर इस कारोबार में प्रवेश करेंगे.

रॉयल एनफील्ड के सीईओ बी गोविंदराजन, पूर्व स्वामित्व वाली रॉयल एनफील्ड मोटरसाइकिल खरीदते समय "एक्सेसिबिलिटी के मुद्दे को संबोधित करते हुए" और "ग्राहकों का विश्वास" प्राप्त करते हुए देखते हैं ।  उनका मानना है कि यह उद्यम एक नया बाजार खोलते समय कंपनी के ग्राहकों के एक नए सेट को लाएगा ।


source: et