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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.
Dipan Mehta picks Coforge, Persistent and Happiest Minds for the AI era
Dipan Mehta, Director at Elixir Equities, said new-age IT firms such as Happiest Minds, Persistent Systems and Coforge are well placed to benefit from the AI-led disruption in technology services. He also favoured diversified NBFCs over banks and highlighted opportunities in mining companies like NMDC and Hindustan Copper. However, he cautioned that elevated crude oil prices and the ongoing Iran conflict could weigh on India's economic growth and market sentiment. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Benchmark indices Sensex and Nifty fell for a fourth straight session amid elevated crude oil prices, geopolitical tensions and persistent selling pressure. Market breadth remained weak, technical indicators turned bearish, while select stocks including Wockhardt and NMDC Steel attracted buying interest and hit fresh highs.
Vedanta upside intact over 2–5 years; midcap IT better placed than large peers: Deven Choksey
Deven Choksey, MD of DRChoksey Finserv Private Limited, says IT remains in transition as large players shift toward AI-led, outcome-based models, while mid-tier firms like Persistent and Tata Elxsi stay better placed. He sees housing finance improving on write-backs and growth, and remains positive on AMCs amid rising AUM flows. Insurance growth stays steady, while engineering names face margin volatility. On Vedanta, he believes the demerger keeps the 2–5-year value story intact.
Watch | Sanjay Parekh on where he sees value in banks, IT, cement and telecom stocks
Sohum Asset Managers’ Founder & CIO, Sanjay Parekh, says markets look sluggish despite improving macro conditions, with Q3 Nifty earnings near 8–9%. He sees recovery in CVs (Ashok Leyland), credit growth at ICICI Bank and gradual picka a up in cement and steel. Portfolio stays domestic-focused: overweight telecom, NBFCs, industrials, cement, utilities, ports and logistics; underweight oil & gas and banks, zero FMCG. Watching IT names like Infosys and TCS, mid-cap tech (Persistent, Coforge, Mastek), defence HAL, quick commerce Zomato and Swiggy, and capital goods L&T, JSW Energy.
Vedanta Aluminium stock rating: Citi bullish despite post-listing decline, expects aluminium prices to recover
Citi said it expects global aluminium prices to remain supported by persistent supply deficits despite recent weakness in the market. The bullish views come days after Vedanta Chairman Anil Agarwal outlined aggressive growth plans for the business, saying aluminium capacity could double.