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Stocks in news: Sun Pharma, Tech Mahindra, Tata Motors, Voltas, ONGC
Indian markets saw a dip on Friday, with IT stocks leading the decline. Analysts suggest profit-taking occurred near the 24,150 mark. Despite this, the broader recovery trend remains intact above 23,700. Several companies like Sun Pharma, Tata Motors, and ONGC are in focus due to significant business developments, including acquisitions, order wins, and strategic repositioning.
Stable crude, strong metal demand and El Nino plays drive opportunities: Motilal Oswal's Khemka
Siddhartha Khemka, Head of Research-Wealth Management at Motilal Oswal Financial Services, says easing geopolitical tensions could keep crude oil prices stable, supporting oil marketing companies. He remains positive on GNG Electronics due to strong growth prospects in refurbished electronics and prefers Hindalco among aluminium stocks, citing a multi-year demand cycle. Khemka also sees long-term value in Manappuram Finance and believes Voltas and Varun Beverages could benefit from a potential El Niño-led heatwave.
Top Gainers & Losers on May 15: HUDCO, Muthoot Finance, Voltas, IOCL, Vedanta, HAL, Aditya Infotech among top losers
On May 15, Indian markets declined, with Nifty down 0.18% and Sensex down 0.25%. Selling in financial and metal stocks offset IT sector gains. The rupee hit a record low of 96.5 against the dollar, influenced by foreign investor withdrawals and rising crude oil prices.
Stocks to Watch for May 15: Tata Motors PV, Voltas, Apollo Tyres, United Spirits and more
Tata Motors PV revenue jumps but margins narrow, Jaguar Land Rover revenue falls, Voltas weak profit, Apollo Tyres and Kirloskar Oil Engines strong, others mixed results
Stocks to Watch for March 16: IndiGo, Jindal Stainless, GMR Airports, Voltas and more
Jindal Stainless faces disruptions from West Asia war. SEAMEC Ltd wins ₹410.74 crore ONGC contract. GMR Airports to upgrade Cargo Terminal-1 at Indira Gandhi Airport. Here are few stocks to keep an eye on ahead of Monday's trading session.
Trade Spotlight: How should you trade Atul, Bharat Forge, Jammu and Kashmir Bank, IOC, Voltas, Laurus Labs, Godrej Properties, and others on March 2?
The market is expected to face a bear attack given the prevailing bearish momentum and rising US-Iran tensions. Below are some short-term trading ideas to consider.