At the same time, in 2023, due to key factors such as the country’s economic growth, interest rate cycle, central bank rate hikes and corporate performance, the stock market performance will be somewhat volatile in the first half, while the second half will lead to a better stock trading performance. .ICI Direct Stock Brokerage said.
Hence, the brokerage has selected nine stocks for 2023. The brokerage predicts a 20% upside for Ghazaria Cement from its current price and a target price of Rs 1,340.
Sterlite Tecnologs is expected to gain 28% from the current price and target price is Rs.220. Maruti Suzuki expects a 30% upside from its current trading price and a target price of Rs 11,200.
Mahindra CIE is expected to see a 25% upside and its target price is Rs 410. IndusInd Bank’s share price is expected to see a 20% upside from the current price, with a target price of Rs.1,450.
HDFC AMC expects a 20% upside from the company’s current price and a target price of Rs 2,600. NESCO is predicted to have a 35% upside from its current share price with a target price of Rs.800.
V-Card Industries’ current target price is expected to increase by 20%, with a target price of Rs.310. Brokerage ICICI Direct predicts a 20% upside for Reliance Industries from its current share price and a target price of Rs 3,050.
Similarly, stock brokerage Motilal Aswal said global factors such as global recession fears, geo-political risks and rising covid infection in China could keep equity markets volatile. Also, it has recommended some stocks for investors to watch out for in 2023.
Infosys, SBI, ITC, L&T, Axis Bank, Maruti Suzuki, Titan, Ultratech Cement, Apollo Hospitals Dulce, PI Industries, Macrotech Developers (Lodha), Indian Hotels, Bharat Forge , Westlife Foodworks has 14 company stocks investors can consider.”
What caused India Pesticides stock price to increase?
“India Pesticides shares rose 11% on the BSE to trade at Rs 268.55 in intraday trade on Wednesday last week. Shalvis Specialties, a subsidiary of India Pesticides, has received environmental clearance from the Ministry of Environment, Forests and Climate Change, Government of India, to set up a manufacturing plant for agrochemicals in Hamirpur district of Uttar Pradesh. As a result, the share price has increased.”
What caused the stock price of Hariom Pipe Industries to increase by 9% in one day?
Shares of the company rose as much as 9% to hit a fresh high of Rs 376 on the BSE on Wednesday after Hariom Pipe Industries said it was in the process of acquiring the assets of RB Metal Sections Pvt Ltd for Rs 55 crore. reached This surpassed the previous high of Rs.373.45 touched on December 12, 2022. The company’s share price has increased by 145% from its issue price of Rs.153. Its stock fell 2.5% to trade at Rs 356 on Thursday afternoon.”
6.50 lakh shares of Bajaj Finserv seem to have changed hands?
“Jamnalal Sons, one of the promoters of Bajaj Finserv, a non-banking financial institution, has increased its stake in the company. Jamnalal Sons bought shares worth Rs 100.41 crore through open market gate in Tuesday trading last week. Due to this, the stock of Bajaj Finserv rose slightly by 0.26% to trade at Rs 1,539 in intra-day trade.
According to NSE data, Jamnalal Sons bought 6,52,000 equity shares in Bajaj Finserv at Rs 1,540 per share for a total of Rs 100.41 crore. Meanwhile, Rishabh Family Trust has sold 6,52,000 shares of Bajaj Finserv which it owns at Rs 1,540 per share.”
Has MK Institutional Equities said that Nifty will touch 19500 by December 2023?
“Most stock market research firms are predicting that 2023 will be a good year for the stock markets unless there are any major issues in the international economic environment and geopolitics. MK Institutional Equities has also released a prediction on the performance of the Indian stock markets based on that view.
In its forecast, the Nifty index will touch 19500 points and Sensex 64500 points by December 2023.
This growth forecast of the Indian stock markets has said that in percentage terms the growth will be 7% – 8% from the current level. Also, the growth of the Nifty 50 index is attributed to banks, automobile, oil and gas and IT sectors.
A higher dollar index continues to be a major concern due to pressure from various factors. Expectations that the US Fed will continue to raise interest rates continue, which in turn will force the Reserve Bank to raise interest rates. It is expected that the RBI is likely to retire from interest rate hikes in the second quarter of 2023.
As for stock markets, the movement of the dollar index, the expectation of an international economic slowdown, and the decisions of the US Federal Bank are the factors to watch. Apart from the interest rate hike, the sudden rise in crude oil prices could be a challenge in the next 6 to 12 months. Meanwhile, an important event to watch out for is the presentation of the Union Budget.
If this budget is intensive budget with high capital allocations then investments can increase. However, it should also be noted that uncertainties in international and domestic growth remain challenging.”
How was the IPO issue in the last year 2022?
“In 2022, 59 companies raised Rs 59,332 crore through IPO issuance. However, not everyone has had a successful IPO launch. Similarly, many companies have refrained from issuing IPOs despite getting approval from SEBI, thinking that the market trend is not favorable for IPO issuance.
The company has to launch the IPO within one year after getting SEBI’s approval. If not, the permission will expire. By 2022, 28 approvals have expired. Had these IPOs been issued, a total of Rs 38,828 crore could have been raised. It may have raised Rs 10,350 crore from IPOs that expired in December alone.
Go First, One Mobivic Systems, E.S.A.F. Small Finance Bank, VLCC Healthcare, Sterlite Power Transmission and Geventer Agro have missed their IPO launch in 2022. Many companies that missed out last year will launch IPOs in 2023, industry sources suggest.”
Was Radiant Case Management Services’ IPO a success?
“The IPO of Radiant Gas Management Services was not well received by investors. The company launched this IPO to raise Rs 388 crore from investors. A total of 2,74,29,925 shares were issued. But investors have applied for only 1,45,98,150 shares. This is 53% of the total share issue,” before departing, “Make your investment wise and profitable in the new year. Plan your investment for the long term. Just don’t stop SIP” and left for home!