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4 real estate stocks Rahul Shah is betting on

Updated at : 2023-09-03 12:20:01

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“We like Godrej Properties in the largecap space. Secondly, Lodha or Macrotech Developers has done quite well in recent times and we continue to prefer that. Thirdly, in the Bangalore market, two companies continue to do well – Prestige and Brigade. So, we prefer these four stocks in the real estate sector.”

Barring Hero MotoCorp, all other stocks on the list are public sector companies.

There are a lot of events ahead of us. There are a lot of messy global factors which are still playing out, whether it is China, Japan, and the Fed, with their policy coming this month. So, yes I expect a lot more volatility

"As we step into a new month, the market is brimming with various domestic and global macroeconomic indicators expected to sustain its momentum," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart. Technically, Nifty is trying to create a base around the 19,200 level, but it has to cross the 19,600 resistance level to resume its bullish momentum, Gour said, adding that above 19,600, one can expect a move towards the 19,650–19,700 zones. He sees the crucial support level at 19,191, followed by the next support at 18,888.

Kotak Mahindra Bank recently denied that the banking regulator has suggested it hire an external candidate to succeed founder-CEO and richest Asian banker Kotak, who is set to give up executive responsibilities at the end of this year.

3 stocks Rajesh Palviya recommends to buy next week

Updated at : 2023-09-02 18:25:01

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"For the coming week, the first stock that we like is from the PSU segment and it is NTPC. It is looking very promising. The breakout we are witnessing on the weekly chart is clearly indicating that this stock may continue further upside."

FPIs sold stocks worth Rs 20,620 crore in August

Updated at : 2023-09-02 16:20:02

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Regarding sector specific investments, FPIs have been consistently buying in capital goods. Recently, they have been buyers in health care, too. The latest jobs report from the U.S. indicates that the US economy is slowing and, therefore, the Fed might not raise rates again. This can bring down the US bond yields and the dollar index.

Jio, which was spun out of Reliance Industries, was removed from BSE indices on 1 September. The company made its stock market debut late August.

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My view on midcap IT is very counter-specific and stock-specific. If you look at Cyient, valuation-wise and oin terms of peer comparison, it definitely looks attractive. So, one can go and start picking up Cyient from a medium to long-term perspective.

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The company may consider a pre-IPO placement of equity shares worth Rs 200 crore. If such placement is undertaken, the size of the fresh issue will be reduced.

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