This thesis might work for stock picking in this market

THE ECONOMIC TIMES Fri, Apr 10, 2020 | 07:08 AM IST ET Investment Opportunities

This thesis might work for stock picking in this market After a steep selloff, mkts go into a consolidation mode, says Head of Advisory, Angel Broking. PMSes show the smart way to tread stocks slump The price-to-book value for Nifty has come down to 2.35 from 3.75 in December end. Madhusudan Kela's three deep value ideas for this market Dig a little deeper and you would find a lot of attractive stocks, says the market veteran. Perfect time to lap up this battered index heavyweight? The stock currently trades at Rs 1,158, 28 per cent away from its 52-week high.

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Top Mutual Funds SCHEME NAME RATING 1 M(%) 6 M(%) 1 YR(%) 3 YRS(%) Axis Bluechip Fund Direct Plan-Growth -10.71 -11.17 -3.66 10.16 Axis Bluechip Fund-Growth -10.82 -11.67 -4.81 8.69 Canara Robeco Bluechip Equity Fund Direct-Growth -9.71 -9.37 -6.12 5.88 Canara Robeco Bluechip Equity Fund Regular-Growth -9.79 -9.97 -7.30 4.65 Motilal Oswal Focused 25 Fund Direct-Growth -10.21 -11.56 -6.47 2.71 FeaturedAxis Long Term Equity Direct Plan-Growth ★★★★★ -14.56 -12.64 -7.63 6.13 Start SIP

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Judge stocks by company's balance sheet strength: Thakkar P&L will be severely stressed for most companies in next six-12 months, says CIO, PPFAS MF. Radhakrishnan's thumb rule to spot sectors that will bounce 1st The CIO - Equity & Executive Vice President at Franklin Templeton says more than entry points, holding period is a key determinant of stock returns. Make a large number of good buys, not just a few perfect ones: Marks Marks believes investors waiting on sidelines may keep themselves from making good purchases. Attractive value bets available in every pocket of the market: Bhan Retail investors are far more resilient than before, says Deputy CIO at Nippon India Mutual Fund.

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The man who saw the stock selloff coming now has no time for lockdown Market veteran Shankar Sharma has been working 14 hours a day even amid the coronavirus-triggered lockdown, which has forced much of the market fraternity to stay indoors and spend more time with family than with markets and clients. 6 indicators that will show turning points for stocks As analysts struggle to assess the hit on India Inc.'s earnings and debt-servicing capabilities amid the nationwide lockdown due to the coronavirus pandemic, they have begun relying on alternative indicators to inform their investment recommendations. Equity analysts speaking in interviews with Bloomberg highlighted measures ranging from volatility and cash levels to daily infection numbers and technical charts. So far, the drop in analyst price targets for the NSE Nifty 50 Index has trailed the actual slump in the stock gauge. (Source: Bloomberg; Authors: Ishika Mookerjee and Ronojoy Mazumdar) Here is what analysts are watching for signs of a turning point for India stocks:

NFO (FMPs) Fund Name Category Type Open Close Min Inv   SBI FMP - Series 32 (1140 Days) Reg-G Debt: FMP Closed-end 07 Apr 2020 15 Apr 2020 5,000 SBI FMP - Series 32 (1140 Days) Direct-G Debt: FMP Closed-end 07 Apr 2020 15 Apr 2020 5,000 SBI FMP - Series 32 (1140 Days) Reg-D Debt: FMP Closed-end 07 Apr 2020 15 Apr 2020 5,000 SBI FMP - Series 32 (1140 Days) Direct-D Debt: FMP Closed-end 07 Apr 2020 15 Apr 2020 5,000 Nippon India FHF XLII - Series 6 Reg-G Debt: FMP Closed-end 17 Apr 2020 22 Apr 2020 5,000 More >>

Real Estate News

US PE funds may reconsider India realty investment plans: Report As and when they enter Indian shores, hopefully, towards second half of 2020, they will be scouting for bargains and value-pick options at their own terms and conditions.

After builders' appeals, Rera will relax delivery timelines Naredco-UP, a body of realtors, wrote to Rera on Monday that it couldn't honour the timelines set by the regulatory body as work on all projects have been stalled in the aftermath of the lockdown. It asked for a fresh set of timelines.

Realtors saddled with Rs 3.70 lakh cr unsold housing inventory: Report Unsold inventory increased to 455,351 units from 442,228 units in the fourth quarter of the financial year.

Covid-19 to hit affordable housing growth in top 7 cities Overall unsold housing inventory is estimated to shrink annually by 1-3% in 2020, while the unsold affordable stock may actually increase by 1-2% in this period, the report showed. As on March end, there are more than 2.34 lakh unsold affordable homes in the top 7 cities-- 36% of the total unsold stock across all budget categories.

Home sales down by 19% in Q1 2020: PropEquity Study Real estate transactions in Q1 2020 primarily happened in January and February as the industry almost went standstill from March onwards.

NFO - Non FMPs Fund Name Category Type Open Close Min Inv   More >>

Views and Recommendations

Buy AU Small Finance Bank, target price Rs 800: Motilal Oswal 09 April, 2020, 02:49 PM IST On the asset quality front, delinquencies could increase in both vehicle/MSME portfolios over the next few quarters. Buy Neutral on Info Edge, target price Rs 2,400: Motilal Oswal 09 April, 2020, 01:59 PM IST Multi-dimensional growth can be expected for Info Edge in the medium-to-long term, backed by recruitment, real estate, and Zomato. Neutral Buy Ambuja Cement, target price Rs 205: ICICI Securities 09 April, 2020, 01:55 PM IST The cement company has increased focus on cost efficiencies and value-added products. Buy Buy Varroc Engineering, target price Rs 307: ICICI Securities 09 April, 2020, 12:22 PM IST The brokerage reduced its target pricing multiples by around 20 per cent across segments to factor in heightened business risks. Buy

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