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Harsha Upadhyaya, says that corporate earnings trajectory will become the focus once macro headwinds have diminished. He expects the earnings trajectory to move at 16-17% for the current and next financial years. Domestic businesses within the banking, auto, cement and industrials sectors are on his radar, which are likely to see resilient demand conditions along with an improvement in earnings trajectory as inflation moderates.

Banking sector is expected to face challenges in the next two quarters as net interest margins (NIMs) are likely to compress due to cost pressure and repricing of deposits. However, credit growth is expected to remain strong and non-performing loan (NPL) pressure will be weak, leading to low NPL provisioning. Jyotivardhan Jaipuria, Founder & MD, Valentis Advisors, prefers corporate banks over retail banks as they are relatively cheaper on the price-to-book basis and expected to see big earnings growth in the next few years.

While the markets are down from their December ’22 peaks, they are not cheap at a trailing P/E multiple of 20-21x from a historical perspective, and further multiple compression (and also time correction) cannot be ruled out.

On the sectoral front, Nifty PSU Bank surged 0.71% and Nifty Auto climbed 0.49%. Financials, IT, metal, pharma, realty, healthcare and oil & gas sectors also opened higher. In the broader market, Nifty Smallcap50 advanced 0.60% and Nifty Midcap50 gained 0.51%.

Sebi is urging investment advisors and research analysts to rely less on past performance, according to Sandeep Parekh, managing partner at Finsec Law Advisors. Parekh believes this move is an attempt to regulate the thousands of unregistered analysts who offer investment tips online. Parekh urged the industry to establish an external benchmark to validate advisors’ performance, to prove the abilities of legitimate parties and show the invalidity of services offered by unregistered individuals.

I am always pro-equity. I believe that there are always opportunities in the market. Risk comes from overvaluation, concentration and leverage, which everyone should avoid. Award comes from investing in growth at undervaluation. So, balancing risk and reward is really in an individual’s hands.

Price breaking above last one months range signalling continuation of the up move.

This price appreciation is basically due to the mismatch in demand and supply as tight supplies across the globe have engineered elevation in price levels.

A total of 3,310 shares changed hands on the counter till 10:00AM (IST).

Indian Hotels Company, incorporated in the year 1902, is a Mid Cap company (having a market cap of Rs 47256.72 Crore) operating in Tourism & Hospitality sector.