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SBI Securities prefers HDFC Bank, sees long-term upside in metals
Sunny Agarwal, Head Fundamental Research, Retail Desk at SBI Securities, remains positive on private banks, preferring HDFC Bank over Kotak Mahindra Bank after the lender received a clean legal review. He says Persistent Systems' acquisition benefits may take up to eight quarters to materialise, while slower growth remains a near-term concern. Agarwal is also bullish on the metals sector, with Indian Metals & Ferro Alloys as his top pick, and remains positive on Astral over the long term despite near-term challenges.
GMDC, Gujarat Alkalies among 8 commodities stocks that hit 52-week high; rally up to 65% in a month
Despite a weak broader market, commodity stocks stood out on Thursday, with eight names from the BSE commodities index hitting fresh 52-week highs. Stocks like Gujarat Alkalies, GMDC, and Indian Metals led the rally with gains of up to 65% in a month, signalling strong momentum and continued investor interest in the commodities space.