Share Market Tips LIVE | Aurobindo Pharma, Indian Oil, Castrol India, Polycab among analysts’ recommendations
In conversation with Zee Business Managing Editor Anil Singhvi, top analysts share their intraday recommendations in this special segment, Pick of the Day.
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Vikas Sethi recommends buying Aurobindo Pharma shares for a target of Rs 605 with a stop loss at Rs 580
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Rakesh Bansal suggests buying IOC for a target of Rs 81 with a stop loss at Rs 77.5
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Sumeet Bagadia of Choice Broking recommends buying Polycab India shares for targets of Rs 3,200 and Rs 3,225 with a stop loss at Rs 3,080
Check out the full list of ‘Pick of the Day’ recommendations
How Motilal Oswal views Paytm
Here are some highlights of what Motilal Oswal Financial Services makes of Paytm:
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Two-pronged strategy to drive profitability for Paytm
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Paytm estimated to achieve overall EBITDA break-even by FY25
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Value stock at Rs 865 based on 18x times the EV-EBITDA ratio estimate for FY28 and discounting it to FY25
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Digital payments new face of commerce
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Total payments industry forecasted to double to $16 trillion by 2026
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Digital payments expected to surge three-fold to $10 trillion by 2026 from $3 trillion in 2021; mobile payments projected to grow even faster at five-fold to $3 trillion by 2026
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Paytm payment business posting healthy growth; revenue CAGR estimated at 21 per cent
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Paytm has reported healthy traction in growing its gross merchandise value (GMV) at 55 per cent CAGR over FY19-23
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Paytm GMV clocked 81 per cent CAGR over FY21-23
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Paytm payment revenue to clock healthy CAGR of 21 per cent over FY23-25
Share Market Today LIVE | Paytm shares hold on firmly to the green after Motilal Oswal initiates coverage with Rs 865 target
Paytm parent One097 Communications’ shares rise by as much as Rs 24.7 or 3.8 per cent to Rs 669 apiece on BSE, after Motilal Oswal Financial Services initiates coverage on the digital payments firm with a target price of Rs 865.
Sensex LIVE | Titan, NTPC, PowerGrid, Tata Motors rise most among 22 gainers in 30-scrip basket
Image: BSE
Share Market Today LIVE | Market breadth in favour of the bulls
The advance-decline ratio on BSE stands at 8:5 at this hour, well in favour of the bulls, with 1,806 stocks being in the green and 1,110 in the red.
ITC Share Price | How brokerages rate the cigarette maker
| Brokerage | Rating | Target price |
| CLSA | Outperform | Raised by Rs 15 to Rs 430 |
| HSBC | Hold | Rs 400 |
According to CLSA, treating catalysts appear to be playing out in ITC shares as investors await corporate action. For instance, a demerger of the company’s hotels business will be an important thing to watch out for, according to the brokerage.
A dividend yield of four per cent also provides support, says CLSA, which has raised its earnings estimates for ITC for the two financial years ending March 2025 by 2-4 per cent.
ITC shares @ all-time high
The stock of cigarettes-to-hotels conglomerate climbs to a record high of Rs 402.6 apiece on BSE, having risen as much as 1.1 per cent to its previous close. ITC shares have scaled a series of unprecedented levels over the past few sessions.
Share Market Today LIVE | Titan, Larsen & Toubro among top blue-chip gainers; Divi’s Labs, Eicher Motors top laggards
Top Nifty 50 gainers
|
Stock |
CMP | Change (%) |
| Adani Ports (ADANIPORTS) | 670.5 | 1.8 |
| TITAN | 2,602.7 | 1.3 |
| Larsen & Toubro (LT) | 2,243.1 | 1.1 |
| POWERGRID | 232.2 | 1 |
| Bharat Petroleum Corp (BPCL) | 344.5 | 0.7 |
Top Nifty 50 losers
| CMP | Change (%) | |
| Divi’s Labs (DIVISLAB) | 3,235 | -3.2 |
| Eicher Motors (EICHERMOT) | 3,250.1 | -1.2 |
| Apollo Hospitals (APOLLOHOSP) | 4,274.7 | -1.1 |
| Dr Reddy’s Labs (DRREDDY) | 4,875 | -0.7 |
| Nestle India (NESTLEIND) | 20,519.7 | -0.5 |
Share Market Today LIVE | Nifty 50, Sensex push higher after a listless start; ICICI Bank, HDFC Bank, L&T, ITC, TCS top movers
Both headline indices gain around half a per cent in early deals after a flat start. The Sensex adds 269 points to touch 59,836.8 at the strongest level within the first few minutes of the session. The Nifty 50 rises to as high as 17,684.5, up 65.7 points from its previous close.
Nifty 50 LIVE
ICICI Securities shares to be in focus today; here’s what Anil Singhvi says
ICICI Securities (ISEC) shares will be in focus in the Indian share market, a day after the brokerage reported a weak set of financial results for the January-March period.
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After market hours on Wednesday, ICICI Securities reported a 22.8 per cent year-on-year fall in net profit to Rs 262.7 crore for the three-month period, and a 0.8 per cent decline in revenue to Rs 884.8 crore. Its margin shrank by 120 basis points to 62 per cent compared with the corresponding period a year ago, according to a regulatory filing.
The company announced an interim dividend of Rs 9.25 per share.
EDITOR’S TAKE: Anil Singhvi says ICICI Securities results weak on all fronts
Zee Business Managing Editor Anil Singhvi points out that ICICI Securities’ results are weak on all fronts. “It is not a good sign for brokerage stocks,” the market wizard adds.
Anil Singhvi LIVE: Strong Nifty base at 17,500-17,575, buy Nifty Bank at 41,525-41,725
Zee Business Managing Editor Anil Singhvi expects strong support for the Nifty50 benchmark at 17,500-17,575 levels today. For the Nifty Bank, he sees support emerging at 41,825-42,025 levels.
How Anil Singhvi views the Indian share market today and what he recommends
HCL Tech Q4 results preview | Net profit likely to have shrunk 6% vs previous quarter
HCL Technologies (HCLTECH), India’s third largest IT services firm by market value after Tata Consultancy Services (TCS) and Infosys, is all set to report its financial results for the quarter ended March 2023 post-market hours today.
Share Market Today LIVE | SGX Nifty futures point to a positive start ahead on Dalal Street
Singapore Exchange (SGX) Nifty futures — an early indicator of the Nifty 50 index — are up 40.5 points or 0.2 per cent at 17,694 at this hour, having gained as much as 49 points to 17,702.5 earlier in the day.
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The contract suggests a positive opening ahead in the Indian share market.
Good morning! Welcome to Zeebiz.com‘s blog on the stock market today
Follow this space to catch minute-by-minute market action, the views of Zee Business Managing Editor Anil Singhvi and other experts, investment ideas, stock picks, brokerage calls and much more through the day.
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