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Midcap bets! InCred picks 6 stocks with up to 54% upside potential. See full list
InCred Equities has identified six midcap stocks across sectors with upside potential of up to 54%, citing attractive valuations and selective opportunities despite volatile markets, persistent FII selling and inflation concerns.
S&P flags risks to Indian microfinance lenders' $35 billion book
India's $35 billion microfinance sector faces fresh risks as weak monsoon forecasts and persistent inflation threaten rural incomes, increasing the likelihood of loan defaults. According to S&P Global Ratings, borrowers with loans from multiple lenders are already showing higher delinquency rates.
Nifty IT index up 3%; Infosys, Tech Mahindra, LTM, Persistent gain 4%
In the past four trading days, IT index outperformed the market by soaring 9 per cent, as against a 2 per cent gain in the Nifty 50.
Rupee opens 7 paise higher at 95.33 against US dollar
The Indian rupee opened higher at 95.33 against the US dollar amid gains in Asian currencies, but remains weak after recent declines. Persistent dollar demand and expectations of US interest rate hikes pressure the rupee, despite rebound support from lower crude prices and RBI measures.
Persistent Systems Ltd sees sustained gains
Persistent Systems Ltd is quoting at Rs 4694.2, up 0.25% on the day as on 12:44 IST on the NSE. The stock is down 19.63% in last one year as compared to a 3.99% drop in NIFTY and a 29.98% drop in the Nifty IT.
These defence stocks are likely beneficiaries of the ₹52,000 crore procurement plan by DAC
For the Indian Air Force, the DAC approved the procurement of Fixed-Wing High Altitude Pseudo Satellites (FW-HAPS), which will provide persistent intelligence, surveillance and reconnaissance (ISR), telecommunications and remote sensing capabilities.
FMCG, healthcare in line for strong show in FY27: Brickworks
India's consumer goods and healthcare sectors are poised for robust growth this fiscal year, driven by tax relief, increasing consumer spending, and a booming medical tourism industry. Brickwork Ratings anticipates a significant revenue jump for consumer goods, while healthcare benefits from strong financial health and government initiatives. Most sectors show a stable outlook, with power distribution being the sole exception due to persistent debt issues.
Mumbai Rains: Schools Shut In Thane, Kalyan-Dombivli, Palghar As IMD Issues Red Alert
Mumbai has witnessed persistent rain through the week following the delayed onset of the southwest monsoon.
Five Stocks To Buy On July 3: Coforge, Ather Energy, Persistent Systems, And More
Five Stocks To Buy
Persistent Systems Ltd soars 5.31%, up for third straight session
Persistent Systems Ltd is quoting at Rs 4560, up 5.31% on the day as on 12:49 IST on the NSE. The stock is down 23.37% in last one year as compared to a 5.02% fall in NIFTY and a 30.7% fall in the Nifty IT index.
In key structural shift, debt becomes the big new vehicle as Indian IT goes deal-shopping
Indian IT firms are increasingly embracing debt financing for major acquisitions, a departure from their traditional debt-free approach. This is aimed at bolstering AI capabilities, expanding market reach and accelerating growth. Companies like Persistent Systems are leveraging significant financing for strategic takeovers, reflecting a broader industry trend.
IT stocks may not have bottomed yet; prefer Coforge, Mphasis: Motilal Oswal Financial
Abhishek Pathak, VP – Institutional Research Analyst, Tech & IT at Motilal Oswal Financial Services, expects Infosys and HCLTech to lower the upper end of their FY27 guidance, remains cautious on KPIT Technologies following its profit warning, and warns that the IT sector could see further valuation cuts. However, he continues to favour selective mid-cap bets such as Coforge, Mphasis and, potentially, Persistent Systems.