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Trendlyne data shows that 3 out of 7 analysts have given a ‘strong buy’ recommendation for the stock, while 1 analyst recommends a ‘buy’. Additionally, 3 analysts suggest a ‘hold’ rating. The average 12-month target price is Rs 534, implying a potential upside of 16% from current levels.

Wealth strategies for UHNIs are evolving beyond traditional asset allocation, focusing on adapting to changing market realities. UHNIs, with higher volatility tolerance and limited liquidity needs, aim to align portfolios with transient new normals. The deepening of Indian capital markets has introduced nuanced products like offshore investments, private equity, and InvITs, while allocations to mid and small-cap equities have increased, driven by the growth potential of MSMEs and SMEs.

Shares of Kalyan Jewellers dropped 6.2% amid profit booking after reporting a 41% YoY revenue growth in Q3. The company saw a significant growth in same-store sales and expanded with 24 new showrooms in India. Despite market decline, Motilal Oswal maintained a ‘buy’ rating with a target price of Rs 875, indicating a potential 28% upside.

Overall, in the banking sector, there could be a trading play as liquidity may improve post RBI policies in 2025, maybe interest rate cut.

The Nifty Pharma index was trading 0.57 per cent at 23095.15.

Matt Orton from Raymond James Investment finds electrical equipment and cybersecurity firms to be attractive investments. He highlights IT services in India, especially Infosys, due to their strong ties to global asset managers and the AI trend. Orton suggests that these sectors have significant growth potential linked to global economic recovery.

The IPO of Standard Glass Lining Technology has been heavily oversubscribed, with non-institutional investors leading the demand. The company plans to use the proceeds for capital expenditure, debt repayment, and strategic investments. The allotment date is January 9, and shares will list on January 13.

In the last decade, sectors like Nifty Realty, Bank, FMCG, and Commodities have seen positive growth, with Realty delivering the highest returns. While some sectors, like PSU Bank, Pharma, and Media, have underperformed, they showed limited positive seasons. For 2025, Bajaj Brokerage forecasts improved bank performance, and Kotak Securities expects 4.9% growth in Nifty profits for FY25.

Long unwinding occurs when investors sell stocks or positions held over a longer period, either to book profits or exit in anticipation of bearish trends.

Significant market turmoil is expected in the US in the upcoming months. Rahul Chadha sees opportunity in emerging markets due to their low valuations. He remains interested in India and China and plans to focus on largecap stocks with some midcap opportunities. The overall market dynamics are influenced by factors like US bond yields, tariffs, and global positioning.