How market wizard Anil Singhvi views Hindustan Unilever, LTIMindtree, Indian Hotels, Axis Bank today
As Dalal Street benchmarks seesaw between gains and losses after a weak start to the day on April 25, Zee Business Managing Editor Anil Singhvi shares his thoughts on a bunch of stocks and companies that are in the news. The market wizard points out that LTIMindtree's March-quarter results were weak and Indian Hotels' mixed earnings were accompanied by a "very weak" management commentary. Here's what the market guru recommends on seven stocks, including Hindustan Unilever, Oracle Financial Services Software (OFSS) and Kotak Mahindra Bank:
As Dalal Street benchmarks seesaw between gains and losses after a weak start to the day on April 25, Zee Business Managing Editor Anil Singhvi shares his thoughts on a bunch of stocks and companies that are in the news. The market wizard points out that LTIMindtree's March-quarter results were weak and Indian Hotels' mixed earnings were accompanied by a "very weak" management commentary. Here's what the market guru recommends on seven stocks, including Hindustan Unilever, Oracle Financial Services Software (OFSS) and Kotak Mahindra Bank:
LTIMindtree results review
The results fell short of expectations but the stock may recover from lower levels given that it has already fallen before the earnings announcement, the market wizard points out.
He sees support for LTIMindtree futures coming in at Rs 4,650 and 4,610 levels and expects a higher level at Rs 4,765.
The market guru points out that HUL's March-quarter results were in line with expectations, with "nothing great" and "nothing bad".
He sees support for HUL futures coming in at Rs 2,230 and expects a higher level at Rs 2,285.
Indian Hotels Company
The market guru points out that the Tata group hospitality company's financial performance was a mixed bag, with a weaker-than-expected margin and "very weak" management commentary.
He suggests selling Indian Hotels futures near Rs 620 for targets of Rs 592 and Rs 575 with a stop loss at Rs 630.
AU Small Finance Bank
While the small finance bank's Q4 net profit and NII were in line with expectations, its NIM fell short of estimates, the market wizard points out.
He expects support for the AU SFB futures at Rs 600 and a higher level at Rs 635.
OFSS
The market wizard highlights that OFSS staged a weak overall performance for the March quarter.
Given the run-up in the stock ahead of the earnings announcement, he suggests selling Oracle futures for targets of Rs 7,210, Rs 7,100 and Rs 6,960 with a stop loss at Rs 7,500.
Stock of the Day: Axis Bank
The market wizard suggests buying Axis Bank futures with a stop loss at Rs 1,050 for targets of Rs 1,082, Rs 1,100 and Rs 1,120.
Here are some key things pointed out by the market guru:
- Highest ever RoA and RoE
- Deposit growth solid at 6.5%