Much to the envy of large private peers, SBI reported broadly healthy and in-line profit and return of asset (RoA) on the back of a strong 16 per cent YoY credit growth and lower opex, Emkay Global said.

SBI stock a buy at Rs 800 level? Analysts share views on PSU bank, target prices & more

GAIL shares: Emkay Global hiked its FY25-26 EPS estimates by 6-8 per cent each, mainly on higher gas transmission and marketing income. It raised its September 2025 target price by 23 per cent to Rs 270 per share.

100% return in 1 year! Should you buy this PSU stock post Q1 beat?

Seshadri Sen of Emkay Global revealed their strategic shift to FMCG and IT sectors, emphasizing strong earnings growth and attractive valuations. They also identified opportunities in energy and auto sectors. Despite some valuation concerns, mid and small-cap stocks are expected to perform well, though investors are advised to be cautious about valuations.

This could be the year of consumption; FMCG & IT preferred sectors: Seshadri Sen

ACC shares were up 1.56 per cent at Rs 2,654.50 on BSE. Emkay Global expects net profit for the cement maker to drop 19.4 per cent YoY to Rs 375.60 crore from Rs 466.10 crore YoY.

Adani Wilmar, ACC, Adani Total Gas shares gain ahead Q1 results today; earnings previews

UltraTech Cement is significantly strengthening its position, as its capacity market share may more than double in the South to 25 per cent by FY27, Emkay Global said.

India Cements acquisition: Emkay says buy UltraTech Cement stock, shares target price

Among the new additions were Emkay Global Financial Services (1.63%), Super Sales India (1.06%), Nile (1.10%), Tinna Rubber and Infrastructure (1.03%) and Ujjivan Small Finance Bank (1.07%). In these Emkay Global, Nile and Tina Rubber have been multibaggers, delivering returns of 120%, 177% and 349% over the last one year. Super Sales, on the other hand, has given returns of 58% in this period.

Dolly Khanna adds multibaggers Nile, Tina Rubber, 3 more stocks in June quarter, slashes stake in 3 smallcaps

Stock market outlook: Emkay Global said it remains cautious on the market, as the good Budget is in the price and unlikely to move the needle significantly.

‘Stock market is vulnerable’: LTCG, STT, STCG, winners & losers of Budget 2024 - What Emkay says

Sensex, Nifty updates on 24 July 2024 - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 24 July 2024 - Indian benchmark indices trade rangebound with weak bias on Wednesday, influenced by a tax hike on equity trading. At 12.25 p.m., the BSE Sensex fell 567.36 points to 79,861.68, while the NSE Nifty dropped 135.05 points to 24,344. Despite recovering from intraday lows on Tuesday, the Nifty 50 needs a decisive break above 24,650 for a bullish outlook, and the Nifty Bank index faces significant resistance around 52,800-53,000. Realty stocks such as Sobha, Prestige Estate Projects, DLF, Brigade Enterprises, and Macrotech Developers are at critical levels. Emkay Global maintains a favourable stance on FMCG and two-wheelers, while Nuvama Asset Management’s Nikhil Ranka notes potential pressure on defense and railway stocks. Geojit’s VK Vijayakumar suggests focusing on FMCG stocks like ITC and United Spirits for superior returns amid tax hikes on capital gains. He highlights the Budget’s emphasis on growth and financial stability, viewing fiscal consolidation and discouraging excessive F&O speculation as positives. Meanwhile, Asian shares dropped, and foreign investors net sold shares worth ₹2,975 crore on Tuesday.

Share Market Highlights 24 July 2024: Equity tax hike drags down Indian markets; focus shifts to FMCG and two-wheeler

Stock Market Today | Share Market Live Updates - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 24 July 2024 - Indian benchmark indices trade rangebound with weak bias on Wednesday, influenced by a tax hike on equity trading. At 12.25 p.m., the BSE Sensex fell 567.36 points to 79,861.68, while the NSE Nifty dropped 135.05 points to 24,344. Despite recovering from intraday lows on Tuesday, the Nifty 50 needs a decisive break above 24,650 for a bullish outlook, and the Nifty Bank index faces significant resistance around 52,800-53,000. Realty stocks such as Sobha, Prestige Estate Projects, DLF, Brigade Enterprises, and Macrotech Developers are at critical levels. Emkay Global maintains a favourable stance on FMCG and two-wheelers, while Nuvama Asset Management’s Nikhil Ranka notes potential pressure on defense and railway stocks. Geojit’s VK Vijayakumar suggests focusing on FMCG stocks like ITC and United Spirits for superior returns amid tax hikes on capital gains. He highlights the Budget’s emphasis on growth and financial stability, viewing fiscal consolidation and discouraging excessive F&O speculation as positives. Meanwhile, Asian shares dropped, and foreign investors net sold shares worth ₹2,975 crore on Tuesday.

Stock Market Live Updates 24 July 2024: Equity tax hike drags down Indian markets; focus shifts to FMCG and two-wheeler

Emkay Global’s market outlook post-Union Budget highlights fiscal prudence, capex focus, and cautious stance on current valuations.

Market outlook: FMCG, IT, durables favoured; industrials, financials negative, says Emkay Global

Sensex, Nifty updates on 22 July 2024 - Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 22 July 2024. -- Indian equity benchmarks, Sensex and Nifty, are trading flat to lower during Monday’s noon session. As of 1:25 p.m., the Sensex dropped 60.62 points to 80,544.03, while the Nifty declined by 3.25 points to 24,527.65. The focus is on the upcoming Budget scheduled for July 23, which is expected to impact market volatility this week. Additionally, experts mentioned that the market will remain volatile, especially with Thursday being the settlement week for monthly F&O contracts at the NSE. Emkay Global Financial Services forecasts a 5-10% correction in headline indices, noting stretched Nifty valuations and lack of positive catalysts. The recent post-election rally has led to frothy valuations, with the Nifty trading 10% above its 5-year average. The Economic Survey 2023-24 highlighted the growing prominence of India’s capital markets, attributing it to technology, innovation, and digitisation. Despite global risks, Indian markets have performed well, with the BSE Sensex surging 25% in FY24. The document credits India’s resilience, stable macroeconomic outlook, and domestic investor strength for its exemplary performance.

Share Market Highlights 22 July 2024: Indian equity benchmarks trade flat, cautious ahead of Union Budget

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Emkay Global Financial Services is involved in providing financial services and solutions, such as investment banking, institutional equities, private client broking and depository Services.