Latest news with #AamarDeoSingh
Time of India
26-05-2025
- Business
- Time of India
What to do with Honasa, Raymond, Dixon Technologies and 3 other stocks? Aamar Deo of Angel One decodes
Benchmark indices do appear to display some fatigue as higher levels are being sold into and profit booking is also visible amongst stocks, as the run-up in many cases, has been too fast and swift , Aamar Deo Singh , Senior Vice President-Equity, Commodity & Currency at Angel One says. This analyst spells-out strategy in previous week's major movers viz. Honasa Consumer (mamaearth), Raymond, Dixon Technologies and three more stocks. Here's what he recommends: Excerpts: Markets had to navigate a choppy trade last week and two major events unfolded – Moody's Friday (May 16) downgrade of US' credit rating ahead of the Monday trade and Donald Trump's threat late Friday to Apple for 25% tariff and 50% to EU. How do you see this development and what are the signals for Indian investors? Markets, to a certain extent have factored these developments and investors also do not appear to be perturbed. This can be inferred by the sideways movement of India VIX, the fear index, which continues to trade within a reasonable range between 15-20. However, the benchmark indices do appear to display some fatigue as higher levels are being sold into and profit booking is also visible amongst stocks, as the run-up in many cases, has been too fast and swift. Further, investors are treading cautiously in the current market scenario, given that the risk-reward ratio does not appear to be very favourable. FIIs sold shares worth Rs 11,500 crore last week. Is this a trigger for another exodus and where is this money going China or somewhere else? The rise in yields in both the US & Japan, with the US 10-year treasury yield rising above 4.5% and likewise, Japan's 30-year yield touching 5.14%, clearly indicate that investors are once again, concerned about global macros, and a rotation of money from riskier assets to safer assets appear to be happening. Furthermore, to add to the existing turmoil, a downgrade of the recent US sovereign credit outlook by Moody's to AA1 from AAA, has also not helped matters. However, it would be appropriate to adopt a wait and watch policy over the next fortnight to 30 days, for a clearer picture to emerge. What are important levels to watch out for Nifty and Bank Nifty? Overall, the uptrend remains intact for both Nifty & Bank Nifty, however a decline in the bullish momentum can definitely be seen on the charts. We have been advocating a buy on dips strategy, with support for Nifty seen around the 24,300-24,400 zone whereas resistance is seen around the 24,900-25,100 zone. As far as Bank Nifty is concerned, support is seen around the 54,400-54,500 zone whereas resistance is seen around the 55,800-56,000 zone. Amongst the two, Nifty continues to outperform Bank Nifty this month, clearly indicating the overall interest amongst the investor community. Do you see Moody's downgrade as a big setback for the IT stocks which made a good back over the last one month prior to the last week and what should be the strategy for this sector? USA sovereign credit rating downgrade by Moody's is definitely a cause of concern for global as well as domestic investors, as that marks a significant shift in the way investors perceive the US debt. Moody's downgrade appears to be on the back of rising debt and reduced revenues from tax cuts, as the primary reason for this action. Effectively, this is likely to have a negative impact on the US economy, but it would be too early to say the quantum of impact on the IT sector, as the Indian IT sector is very closely tied to the fortunes of the US economy. Luckily, the US inflation rate continues to remain in the comfortable zone, and other key macros such as GDP growth rate, monthly jobs data, are mixed at the present. Investors in the IT sector should ideally look at booking part profit and can hold the rest from a long-term perspective. While we hear recommendations of a stock specific strategy for midcap and smallcaps, this doesn't seem to be an easy strategy for an average investor. Can you suggest ways or themes to narrow down on this pool? Midcaps and smallcaps have had their best days as well as the worst days, and the price movements in either direction, are nothing short of a pendulum move, in many cases. So naturally, it becomes difficult for investors to decide at what levels to enter and to hold till what time. So, the best strategy in these two segments, will be to have a 3-5 year investment horizon, stick to the quality names in key sectors such as financials, pharma, auto, tourism, defence and infra, to name a few, and add onto on declines as well, to benefit from the power of compounding, over the longer term. There were some big winners this week like TTML, Honasa and RPower while ABFRL, DOMS and Dixon were among the worst losers. What should investors do with them along with Raymond post the carving out of the realty business? TTML was up 26% WoW, Honasa too was up by 26% WoW, whereas RPower was up by 15% WoW. Investors would be well-advised to book part profit in all these three counters, as the moves have been very sharp, and they can trail the balance, below the technical levels of 65, 290 & 45 respectively. On the losing side, ABRFL lost 11% WoW, 83, DOMS too lost 11% WoW while Dixon lost 10% WoW. Investors can look at exit strategies in these stocks as they appear to have formed a short-term top. So, bounce backs could be used as an exit opportunity. As far as Raymond is concerned, investors can look at this stock from a long-term perspective.
Economic Times
16-05-2025
- Business
- Economic Times
Markets surge over 1.5% amid optimism over US-India trade deal
Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: Indian benchmark indices ended over 1.5% higher on Thursday, recovering from a weak opening, with the Nifty closing above 25,000 for the first time in seven months after US president Donald Trump claimed that India has offered to drop all tariffs on goods imported from the US, lifting investor Nifty rose 395.2 points or 1.6% to close at 25,062.1. The index ended above the 25,000 level for the first time since October 15. BSE's Sensex rose 1200.18 points or 1.5% to end at 82,530.74. Both indices had fallen as much as 0.7% earlier in the day. "After Donald Trump's comments today (Thursday), investors are hoping that a US-India trade agreement will be signed soon, which will remove an overhang on the market," said Aamar Deo Singh, senior VP, research, Angel One. "The continued foreign institutional flows are also good news for India." Trump said on Thursday that India had offered a no-tariff trade deal for US goods, a claim that is yet to be confirmed by New Delhi. Foreign portfolio investors net bought shares worth ₹5,393 crore on Thursday, taking their total purchase tally for May to ₹17,142 crore. In April, they were buyers to the tune of ₹3416 crore. Domestic institutions were sellers to the tune of ₹1,668 crore on in Asia, Japan fell 1%, China and South Korea declined 0.7% each, Hong Kong fell 0.8%, and Taiwan dropped 0.2% after the optimism around the US-China trade relations showed signs of fizzling out. At home, the broad market indices underperformed the benchmarks, with the Nifty Midcap 150 and Nifty Small-cap 250 advancing 0.7% each. Nifty's Volatility Index or VIX-the market's fear gauge-eased 1.9% to 16.9 levels on Thursday, pointing to lower risk perception among option traders. The index has fallen by over 24% in the last five trading sessions. Technical indicators are showing a likely slowdown in the bullish momentum."Given the geopolitical uncertainties, some profit-booking at higher levels would be advisable," said Mehul Kothari, deputy VP, technical research at Anand Rathi Shares and Stock Brokers. The Nifty may face resistance in the zone of 25,000-25,300, he said.
Time of India
16-05-2025
- Business
- Time of India
Markets surge over 1.5% amid optimism over US-India trade deal
Tired of too many ads? Remove Ads Mumbai: Indian benchmark indices ended over 1.5% higher on Thursday, recovering from a weak opening, with the Nifty closing above 25,000 for the first time in seven months after US president Donald Trump claimed that India has offered to drop all tariffs on goods imported from the US, lifting investor Nifty rose 395.2 points or 1.6% to close at 25,062.1. The index ended above the 25,000 level for the first time since October 15. BSE's Sensex rose 1200.18 points or 1.5% to end at 82,530.74. Both indices had fallen as much as 0.7% earlier in the day. "After Donald Trump's comments today (Thursday), investors are hoping that a US-India trade agreement will be signed soon, which will remove an overhang on the market," said Aamar Deo Singh, senior VP, research, Angel One. "The continued foreign institutional flows are also good news for India." Trump said on Thursday that India had offered a no-tariff trade deal for US goods, a claim that is yet to be confirmed by New Delhi. Foreign portfolio investors net bought shares worth ₹5,393 crore on Thursday, taking their total purchase tally for May to ₹17,142 crore. In April, they were buyers to the tune of ₹3416 crore. Domestic institutions were sellers to the tune of ₹1,668 crore on in Asia, Japan fell 1%, China and South Korea declined 0.7% each, Hong Kong fell 0.8%, and Taiwan dropped 0.2% after the optimism around the US-China trade relations showed signs of fizzling out. At home, the broad market indices underperformed the benchmarks, with the Nifty Midcap 150 and Nifty Small-cap 250 advancing 0.7% each. Nifty's Volatility Index or VIX-the market's fear gauge-eased 1.9% to 16.9 levels on Thursday, pointing to lower risk perception among option traders. The index has fallen by over 24% in the last five trading sessions. Technical indicators are showing a likely slowdown in the bullish momentum."Given the geopolitical uncertainties, some profit-booking at higher levels would be advisable," said Mehul Kothari, deputy VP, technical research at Anand Rathi Shares and Stock Brokers. The Nifty may face resistance in the zone of 25,000-25,300, he said.
Time of India
02-05-2025
- Business
- Time of India
Sensex, Nifty soar 10% in 2 months but can this bull run survive the shadows of war?
Even as geopolitical tremors rattle South Asia and tariff crossfires erupt across continents, Indian stocks are dancing to a bullish beat. In just two months, the Sensex has leapt 7,000 points while the Nifty has clocked a heady 10% gain, defying the dual overhang of a simmering India-Pakistan standoff and escalating global trade tensions . What's fuelling this gravity-defying rally? Two big tailwinds: a sharply weakening dollar that sent the rupee soaring to a five-month high, and a plunge in global crude oil prices. Together, they've ignited a foreign investor buying spree of about $4.5 billion of net FII inflows in just 11 trading sessions. 'Markets have rallied significantly from the recent lows of 22,000 to currently trade around 24,300-plus,' said Aamar Deo Singh of Angel One. 'That has been a 10% rally in a very short span of time. So, somewhere or the other, stocks are definitely witnessing some profit booking as well.' Singh added that Nifty could face resistance at 24,400, with the potential to rally toward 24,700–24,800 if that level is breached. 'It's a buy-on-dips market, but investors need to be slightly cautious at current levels given the sharp up move.' Also read | Rs 37,600 crore in 11 days! FIIs are flooding Indian stocks with cash but will it last? Still, markets appear to be discounting geopolitical escalation. Market expert Sudip Bandyopadhyay pointed out that 'the market is not factoring in any major flare-up.' He noted that most domestic and international investors remain focused on tariff issues, growth slowdown, and demand but not on India-Pakistan tensions. 'If there is a significant flare-up, there will be panic initially,' he warned. Vikram Kasat of PL Capital echoed the sentiment, saying markets typically distinguish between political headlines and actual war risks. 'Historically, India-Pakistan tensions have caused temporary market dips, but markets tend to recover quickly if the situation doesn't escalate into full-scale war.' PL Research is now valuing the Nifty at a 7.5% discount to its 15-year average PE (18.9x), arriving at a 12-month target of 25,521. Their bull case target is 27,590, while the bear case puts the index at 24,831. But not everyone is convinced the rally is built on solid ground. Kotak Equities flagged concerns about 'complacency and optimism' driving the recent rebound. 'There is still large uncertainty on key issues—global growth, tariff/trade, and the US dollar—that will shape global and domestic markets,' the firm said. 'Multiples remain rich across sectors.' Vinod Nair, Head of Research at Geojit, attributed the strong market performance to 'reduced tariff risks, a potential US-India trade deal, and strong FII inflows.' However, he cautioned that momentum is being capped by 'rising tensions between India and Pakistan and muted Q4 results.' Still, he believes any dip will be seen as a buying opportunity. In the meantime, India's macro backdrop is drawing in capital. The dollar index (DXY) has slipped nearly 10% from its peak, and with RBI's easing cycle underway and US recession fears easing, the stars appear aligned—for now. Emkay Global summed up the sentiment: 'Tariff risks appear largely priced in, with the path ahead skewed toward constructive trade negotiations. The RBI easing puts India in a more favorable cyclical position, resulting in disproportionate flows versus other emerging markets.' The bullish march has been fast and furious. But with war clouds lurking, the question isn't just how high this market can go—but how much turbulence it can withstand on the way up. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
01-05-2025
- Business
- Time of India
2 top stock recommendations from Aamar Deo Singh
So, what it means is that we could witness a rally in this stock as well. So, buying at the current levels for a target of 1925 on the upside with a stop loss of 1779. Overall, what we need to understand is that markets have rallied significantly from the recent lows of 22,000 to currently trade around 24,300 plus. So, clearly, that has been a 10% more or less rally and in a very short span of time. So, somewhere or the other stocks are definitely witnessing some profit booking as well. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads "Overall, what we need to understand is that markets have rallied significantly from the recent lows of 22,000 to currently trade around 24,300 plus. So, clearly, that has been a 10% more or less rally and in a very short span of time. So, somewhere or the other stocks are definitely witnessing some profit booking as well," says Aamar Deo Singh I would say that the markets are definitely very sensitive to the news flows be it the tariffs, earlier it was more of a tariff news flows, but that is the markets are more or less mellowed down and Trump has also to a certain extent pulled back on markets are not that much concerned, at least I am talking about the domestic markets, they are not that much concerned. But yes, the recent terror attack in Kashmir that is definitely a cause of concern and there the markets are, I would say, slightly on the cautious side. Though we are not seeing a significant, I would say, shift, so what is likely to happen is that if we look at India VIX because that gives us a first indicator, it has moved is no doubt about it, it had corrected to almost 14 levels. Currently, it is around 18. So, if we look at the week so far, it is up almost more than 6%, so that is some sort of concern that yes, there is some concern with that what we need to understand is that markets have rallied significantly from the recent lows of 22,000 to currently trade around 24,300 plus. So, clearly, that has been a 10% more or less rally and in a very short span of time. So, somewhere or the other stocks are definitely witnessing some profit booking as it could be some consolidation at the current level. So, if I look at the major indices, if I look at Nifty , so Nifty has a potential to rally 300-400 points higher towards 24,700, 24,800, that is going to be the next zone of resistance for Nifty, prior to that somewhere around the current level, so somewhere around 24,400 would be the first zone of that is taken out, then we could witness a 300-400 point rally in Nifty. And having said that, if I look at the support, so immediate support would be somewhere around the 24,000 level with it being in favour of the bulls until and unless we witness some negative news flow because I have been saying for quite some time that it is right now a buy on dips strategy, but you need to be slightly cautious at the current levels because we witnessed a sharp up I would say HDFC Life is definitely one stock one can look at. Today, it has witnessed a good breakout and on significant volume. So, if I look at the stock from the last few weeks in particular, so the stock has witnessed a sharp rally and technically if I look on the charts be the intermediate-term trend, short term as well as the long term, the stock remains strong and this is one stock one can look at buying at the current levels towards 740 odd levels with a target of 778 on the upside. And the next stock to look at is from the pharma space and that is Sun Pharma . What we are seeing is that Sun Pharma did consolidate for quite some time between the 1600 and 1800 have seen the stock trading around those levels but managing to sustain above the 1800 levels. So, currently, it is around 1830. If I look at the chart, some of the technical indicators on the intermediate term, they have turned positive, so that clearly tells me and the long-term trend is, I would say, not very positive but yes, it is positive with somewhat of a what it means is that we could witness a rally in this stock as well. So, buying at the current levels for a target of 1925 on the upside with a stop loss of 1779.
