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Those interest rates have risen so much, inflation at least core inflation still remains sticky. So, they have got their own domestic economic problems. The US also faces re-elections next year. So they really do not need geopolitical tensions to continue to escalate and I think that is what both sides are seeing.

Gujarat Gas, incorporated in the year 2012, is a Mid Cap company (having a market cap of Rs 32719.18 Crore) operating in Gas & Petroleum sector.

​So therefore, unlike a telecom landscape where there was an entry of a person who is just rolling money out, did not care about shareholder returns, and you have seen what happened to Reliance shareholders, they never got a return out of the company of a decent kind compared to where market has gone at the end of the day.

The brokerage values the company at 13x FY25E EV/EBITDA to arrive at a TP of INR2,550, an upside of 14% from current levels.

Banking stocks are underperforming in India, with Nifty Bank down 0.76% in the last month, despite other sectors rallying. Major bank stocks ICICI Bank, Kotak Bank, HDFC Bank and SBI have 39% weightage in the Nifty index, and are the only ones holding it back from reaching all-time peaks. The underperformance can be attributed to weak charts of heavyweights such as HDFC Bank and ICICI Bank. Meanwhile, the sector has a fair valuation and should soon begin to perform well again, according to insiders.

Independent analyst Anand Tandon says that slightly out of fashion stocks like HDFC merit a relook given that it has eased off because of technical action. He further says one of the major themes to look for in the second half is rural India driving some of the demand growth assuming that the monsoon is not a total disaster. One can also be looking at markets outside India.”

The stock traded at a P/E multiple of 11.79, while the price-to-book value ratio stood at 1.25.

I think aviation is our biggest bet at this point of time. Next bet is the hotels at this point of time. We are into the biggest bet. Third, what we continue to be bullish is infrastructure, defence stocks which have been there, have not added anything in the last one to two months, nothing, zero, but the old holding continues.

In the last one year, the BSE smallcap index rallied over 38% and outperformed the mid- and largecap indices. Meanwhile, based on the data available on Trendlyne, there are up to 30 buy calls on 9 small-cap stocks, and an upside of up to 40% is expected in these stocks.

According to Anand Tandon, the AMC space was always an asset gathering space more than a performance space and now it will become even more so because as commission edges go away, the smaller players will have a tough time trying to get in. Tandon further says, HDFC Bank will continue to gain market share once the technical factors are out of the way.