The fall in DMart share price came after the company's September quarter results missed street expectations.
Expectations (as measured by pre-budget equity market performance), wrote analysts at Morgan Stanley in a note, are important in determining what the market does immediately after the budget
Some brokerages have reduced target prices after muted Q1 showing
Broking company stocks including Angel One, IIFL Securities, 5Paisa Capital, SMC Global, Motilal Oswal Financial Services and Geojit Financial Services fell in the range of 2-11 per cent
Margins, too, analysts at Nomura added, have multiple tailwinds from higher spare/ service revenue, direct-to-consumer sales, and operating leverage, which will drive expansion
ICICI Securities stressed upon NTPC's position in the increasing total addressable market for power capex, benefiting from both conventional and renewables sectors
Fino Payment Bank, Max Financial, Sula Vineyards and Embassy REIT among top midcap and small-cap stocks by CLSA.
With today's sharp rally, technically ITC is seen trading close to its long-term moving average on the daily charts.
Analysts at Goldman Sachs, Bernstein and Morgan Stanley believe that Paytm can rally up to 75 per cent in a bull case scenario
Among markets, investors preferred India and Taiwan apart from Japan, while avoiding Thailand and China, the survey suggested.
Jefferies downgraded the stock to 'hold' from 'buy' earlier with a target price of Rs 430, down a huge 17.3 per cent from its earlier price target of Rs 520.
Analysts at Jefferies beleive the stock could top the Rs 600-mark, an upside of over 34 per cent from current levels
The Citi group had initiated coverage on the stock, with a 'Buy' rating and a target price of Rs 425 per share.
The recovery from lockdowns has been reasonably good without any big government stimulus, says Tirumalai
Goldman Sachs analysts now see the Nifty at 16,300 levels in 12 months (16,500 earlier). However, they have retained their 'overweight' stance on India for now
Despite the economic slowdown, BNP Paribas, Morgan Stanley, Nomura and Credit Suisse are optimistic
Nomura, HSBC and Goldman Sachs see Indian and Asian equities rally over 15% next year