INFO EDGE। The board has approved the Rs 750 crore OFS in Zomato’s IPO. Info Edge holds a 19% stake in Zomato.
CLSA has a buy rating on AXIS BANK and has raised the share target from Rs 1000 to Rs 1025. He says the re-rating of the stock will continue. On the other hand, due to asset quality, the results have been good. Its slippages are just Rs 5,000 crore. Along with this, he has said that AXIS BANK is his top pick in banking.
MORGAN STANLEY has given an overweight rating on BAJAJ FIN and set a share target of Rs 6,000. He says that the company has done well on the revenue and asset quality front. At the same time, the cost has increased more than anticipated. However, in FY22, the company will provide long-term guidance.
Strategy on nifty
Virendra Kumar of CNBC-Awaaz says that its registration zone is 14690-14720, Bada registration zone is 14764-14791. The base zone is 14585-14557 and the larger base zone is 14516-14474. All intraday targets were achieved yesterday, with profits booked at the peak of the day. Now, above all averages, there are 14800 large registration zones. Option is the technical base at 15516-14474. Buy, buy every fall to first base.
Strategy on nifty bank
Its registration zone is 32905-32995. The larger registration zone is 33085-33221. Its base zone is 32498-32363. The larger base zone is 32273–32150. All intraday targets were achieved yesterday, with 32700 calls giving excellent returns. Now 50 DEMA left which is at 33000-33100. In the beginning, if there is a fall to the first base, then there will be a good deal for the purchase. The stock futures of banks may see strong short-covering.
Know today’s trading calls
Motilal Oswal Financial Services
BUY DIVIS LABS SL 3800 TGT 4150
Centrum Broking Ltd
BUY NAM-INDIA SL 332 TGT 355
Buy LT @ 1384 SL 1350 Tgt 1450
New cases 3.62 lakhs, recover 2.62 lakhs
2 lakh 62 thousand patients were recovered from Corona yesterday. At the same time, 3 lakh 62 thousand new cases have been registered. Less than 4 thousand new cases have been reported in Mumbai on the second day. The condition of Delhi has not improved yet.
Registration for vaccination starts from today
People above 18 years will be able to register for vaccination from 4 pm today. Will be vaccinated from May 1.
BRITANNIA: Profit and margin lower than expected
BRITANNIA’s profits and margins have been below estimates. Earnings have been as expected, with 9% growth. The results of TVS Motor have been good. Profit has increased by 290%.
AXIS BANK profits from losses
The losses came from AXIS BANK. Low slippages and good loan growth have led to the highest profit figures in 21 quarters. At the same time, BAJAJ FINANCE has seen a jump of 51% in profits. There has been an improvement in asset quality on a quarterly basis. Today the results of BAJAJ FINSERV will be monitored.
Global signs mix
There is a cautious business in the US market before the results of the big tech companies. The S&P 500 closed yesterday near record highs. Today, DOW FUTURES is witnessing a pressure of 80 points. Mixed business in Asia, but SGX NIFTY is trading down one-fourth percent.
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