Delhi Share: Goldman Sachs launches coverage on Delhivery; Jefferies Bearish on Metal Stocks

New Delhi: With the results of the first quarter of the financial year 2022-23 coming out, foreign brokers have become cautious about the Indian stock markets. Goldman Sachs begins coverage delhivery with a neutral rating, while Jefferies maintained a bearish outlook metal stock, Goldman Sachs set a target price of Rs 540 on Delhivery as it rolled out coverage on a logistics startup with a ‘neutral’ rating. It sees Delhivery as a profitable e-commerce growth proxy with massive leverage. It said the company will achieve higher margins from increased outsourcing…

Small Finance Bank: Will bearish market conditions prove to be a hindrance to AU SFB’s solid journey?

The lending base of small finance banks and private banks differ significantly. The Reserve Bank of India (RBI) has limited the amount that SFBs can lend; Private banks have no such restriction. essence AU Small Finance Bank, Ujjivan Small Finance Bank, Equitas Small Finance Bank and Suryodaya Small Finance Bank are the four small finance banks (SFBs) that are listed on stock exchanges in India. Some players are facing internal governance challenges, and some have been badly hit by the pandemic. AU Small Finance Bank is one of those companies…

Delhivery Share: BofA launches coverage on Delhivery; Morgan Stanley Bearish on Tata Power

New Delhi: Amidst the volatility in the stock market, global brokerage firms BofA Securities The Newly Listed Tech Firm Is Bullish delhivery and auto major. During this, CLSA Have reiterated your positive attitude at times Morgan Stanley Another group is bearish on the firm. BofA Securities recently launched its coverage on listed logistics services firm Delhivery with a buy rating and target price of Rs 630, adding that the company is in a good position. “The company is uniquely positioned to acquire shares and build synergies. It is on track…

IT Stocks Today: IT stocks bearish fears: Is this bullish followed by gloom and doom?

New Delhi: If there is a slowdown in the US economy, can Indian IT services continue? This is the question haunting investors IT Stock Ever since the US media started talking about recession fears. Even as US Fed Chairman Jerome Powell tried to calm nerves by saying “we’re not trying to induce a recession right now”, the market wasn’t confident enough. Three Bluechip IT Stocks, Belvedere Powell hit their respective 52-week low a day after the biggest rate hike since 1994. Also worrying was the weak outlook for economic growth…

Nifty: Tech View: Nifty forms short bearish candle; 15,670 level remains key support

New Delhi: Nifty 50 fell for the fourth consecutive day on Wednesday. It formed a short bearish candle on the daily chart with a long upper wick indicating selling at higher levels. Analysts said the index is respecting its support of 15,671 on a close basis and as long as it respects it, the possibility of some upside cannot be ruled out. If the level is breached, they see a move to support at the 15,400-300 level. Pride RatnaparkhiNifty 50 traded near the swing lows seen in March and May…

FPIs: FPIs more bearish on equities than earlier Covid shocks

MUMBAI: Foreign fund managers are on a covid-19-led path to the worst on Indian equities in two years as concerns over rising interest rates in the US, a weaker rupee and a global recession fuel risk-off sentiment. The long-short ratio in index futures – a measure of the number of bearish versus bullish positions – held 12% of foreign investors on Monday, the lowest in two years. Low readings mean that foreign investors are going through a bearish phase. The previous low was 12.4% on February 28, 2020, when there…

Indian Stocks: FPIs sell Rs 2 lakh crore in Indian stocks in 8 months. Could this sell-off turn bearish?

New Delhi: A frequent occurrence in domestic equity markets over the past eight months has been a plan by foreign portfolio investors to moderate inflation in the US amid rising global commodity prices and the Federal Reserve’s plan for aggressive rate hikes. Foreign Portfolio Investors so far in 2022 (FPI) has sold Indian shares worth a net Rs 1.81 lakh crore. Total sales since October 2021 have crossed Rs 2 lakh crore, which is Rs 2.2 lakh crore. Higher interest rates in the world’s largest economy and consequently stronger U.S.…