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“HDFC Bank can turn out to be one of the big winners over the next few quarters. In a similar breath, within the public sector enterprise universe or the banking universe, SBI had a very decent set. Banks like an SBI or even a Bank of Baroda should definitely be kept on the watch list.”

“My sense is that in the next three years, we are not going to see what we are seeing in the past 10, 15, 20 years because the risk free rate of return was itself much higher. That is what I would say to any investor who is looking to invest in equity.”

​ This indicates a bullish sentiment in these counters as the average traded and delivered quantity for 5 days, the cumulative open interest, and the price of the stocks have increased​

CLSA maintained a buy rating on Bharti Airtel with a target price of Rs 1100. Strong data subscriber additions. Postpaid subscriber acceleration is seen. The company has shown commendable market share gains.

“In the first two months of Q2, the footfalls for PVR are equal to or beyond what we saw in Q1 and ultimately when Q2 numbers will come, my view is that this will break all-time records for PVR plus Inox combined and there will be number upgrades for the street also.”

The PSU stock rose from Rs 33.85 on August 4, 2023, to Rs 41.10 recorded on September 6, 2023, which translates into an upside of over 21% in a month. It has rallied by about 40% in the last 3 months.

“The next few quarters are relatively tough from the export scene especially as far as textiles is concerned. We are seeing some element of softness being witnessed on the export front but that should normalise in our opinion in the second half as festivities kick in.”

The MCX October gold futures were trading up by Rs 127 or 0.22% from the Thursday closing price at Rs 59,125 per 10 gram on the MCX while the December Silver futures were trading at Rs 72,038 per kg, higher by Rs 268 or 0.37%.