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Economic Times
11 hours ago
- Business
- Economic Times
CA Rudramurthy BV suggests a cautious, sector-specific approach; 5 insurance & defence stocks to bet on
CA Rudramurthy BV, MD, Vachana Investments, says CA Rudramurthy BV suggests monitoring Bank Nifty and Nifty closing values. Crude oil and dollar-rupee movements are also important. Financials, especially insurance companies like HDFC Life, SBI Life, LIC, and Max Financial, show promise. Defence sector stocks, specifically Bharat Electronics Limited (BEL) and Hindustan Aeronautics Limited (HAL), are favorable. A cautious, sector-specific approach is advised. ADVERTISEMENT We always feel that you have been positive on the markets indeed with your bullish stance. Today the Nifty once again crossed past the 25,000 mark. What does it mean and what should the investor strategy be like? CA Rudramurthy BV: First of all, at index level, Nifty has made repeated attempts to break this 25,050 zone and now we are more or less closer to that. But I want to see whether we can close above 25,050 level and if yes, then I will say the move between 24,450 and 25,050, the consolidation of about 700-800 points is already done and dusted. Pharma, chemicals offer contrarian bets in stock-specific market: Hiren Ved We have to see whether we can close above 25,050, which is very crucial or again getting back to those support of 24,450, 24,500 cannot be ruled out. For me, even at the current market price, we are still in the range. I want to see a close of about 25,050 on Nifty and similar levels on Bank Nifty. Support is there at around 55,100 and below that, we have Bank Nifty strong support at 53,500 where the range is and on the upside, resistance is kicking in at 56,200. We are more or less there, but we are yet to close above 56,200 on Bank Nifty. So, to make it very clear, Bank Nifty should close above 56,200 and Nifty has to close above 25,050 and then one can say we have decisively broken out or we have to still wait on. Look at Brent crude. Crude prices are trading above $76 per barrel on the spot level decisively and even if you look at dollar-rupee movement, the dollar-rupee is decisively trading above that 86.50. So, for me, Brent is yet to come down. Coming to dollar vs rupee, again the dollar is yet to come down. Trump will now say for two weeks he will do nothing and he will give space for the Iran-Israel war to continue, but tomorrow again Trump might post another tweet and there can be escalations this weekend. So, I am bullish, but I will be very cautious and I will be very sector specific and stock specific. Let us wait and watch and then take a call next week. But till then, be very sector specific and stock specific. But speaking of being stock specific, what would be your calls? What are your long positions? CA Rudramurthy BV: For me, definitely financials will continue to do good whether you want to pick up something like insurance companies or NBFCs which are all allied groups of financials, which can do very well. So, for me, insurance as a sector can perform very well. ADVERTISEMENT Look at HDFC Life, look at SBI Life, and even LIC in the cash market to buy. For that matter, Max Financial also looks very good. For me insurance looks very strong and this can be the next big theme. And even defence for that matter can do very well, but you have to be very stock specific when it comes to defence. I like two stocks in defence – BEL and HAL – which still offer great value even at current market prices. I will be avoiding Mazagon Dock or Garden Reach and all other counters which are more or less there with high valuation, but BEL and HAL are very good at current market price. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
11 hours ago
- Business
- Time of India
CA Rudramurthy BV suggests a cautious, sector-specific approach; 5 insurance & defence stocks to bet on
CA Rudramurthy BV , MD, Vachana Investments , says CA Rudramurthy BV suggests monitoring Bank Nifty and Nifty closing values. Crude oil and dollar-rupee movements are also important. Financials, especially insurance companies like HDFC Life , SBI Life , LIC , and Max Financial , show promise. Defence sector stocks , specifically Bharat Electronics Limited (BEL) and Hindustan Aeronautics Limited (HAL), are favorable. A cautious, sector-specific approach is advised. We always feel that you have been positive on the markets indeed with your bullish stance. Today the Nifty once again crossed past the 25,000 mark. What does it mean and what should the investor strategy be like? CA Rudramurthy BV: First of all, at index level, Nifty has made repeated attempts to break this 25,050 zone and now we are more or less closer to that. But I want to see whether we can close above 25,050 level and if yes, then I will say the move between 24,450 and 25,050, the consolidation of about 700-800 points is already done and dusted. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Would you like to know more? Undo We have to see whether we can close above 25,050, which is very crucial or again getting back to those support of 24,450, 24,500 cannot be ruled out. For me, even at the current market price, we are still in the range. I want to see a close of about 25,050 on Nifty and similar levels on Bank Nifty. Support is there at around 55,100 and below that, we have Bank Nifty strong support at 53,500 where the range is and on the upside, resistance is kicking in at 56,200. We are more or less there, but we are yet to close above 56,200 on Bank Nifty. So, to make it very clear, Bank Nifty should close above 56,200 and Nifty has to close above 25,050 and then one can say we have decisively broken out or we have to still wait on. Look at Brent crude. Crude prices are trading above $76 per barrel on the spot level decisively and even if you look at dollar-rupee movement, the dollar-rupee is decisively trading above that 86.50. So, for me, Brent is yet to come down. Coming to dollar vs rupee, again the dollar is yet to come down. Trump will now say for two weeks he will do nothing and he will give space for the Iran-Israel war to continue, but tomorrow again Trump might post another tweet and there can be escalations this weekend. So, I am bullish, but I will be very cautious and I will be very sector specific and stock specific. Let us wait and watch and then take a call next week. But till then, be very sector specific and stock specific. Live Events You Might Also Like: How should you place your bets as Nifty makes a U-turn from 25,000? Vinay Rajani answers But speaking of being stock specific, what would be your calls? What are your long positions? CA Rudramurthy BV: For me, definitely financials will continue to do good whether you want to pick up something like insurance companies or NBFCs which are all allied groups of financials, which can do very well. So, for me, insurance as a sector can perform very well. Look at HDFC Life, look at SBI Life, and even LIC in the cash market to buy. For that matter, Max Financial also looks very good. For me insurance looks very strong and this can be the next big theme. And even defence for that matter can do very well, but you have to be very stock specific when it comes to defence. I like two stocks in defence – BEL and HAL – which still offer great value even at current market prices. I will be avoiding Mazagon Dock or Garden Reach and all other counters which are more or less there with high valuation, but BEL and HAL are very good at current market price.
Economic Times
13-06-2025
- Business
- Economic Times
Short covering anticipated next week; bullish on 4 pharma & defence stocks: CA Rudramurthy BV
CA Rudramurthy BV, MD, Vachana Investments, sees a buying opportunity in Nifty around 24,800, targeting 25,600. Bank Nifty has broken above 54,500, with 55,900-56,000 as strong support. Dips to these levels are buying opportunities, targeting 58,000 and 60,000. Despite Thursday's weakness due to geopolitical concerns, 25,000 is expected to hold. Short covering is anticipated next week, given high FII net short positions. Rudramurthu is bullish on pharma and defence sectors and highlights Divi's Lab, Laurus Lab, HAL, and BEL as top picks. Attractive opportunities also exist in chemicals with Navin Fluro and Tata Chemical, insurance with HDFC Life and SBI Life, and mid-sized banks like RBL Bank and Federal Bank. ADVERTISEMENT How do you see the trade happening on Nifty as well as Bank Nifty? CA Rudramurthy BV: First of all, for today's expiry, the Iran-Israel issue has been a hangover and because of that reason we are seeing the dip in market but I am very clear that the 25,000 level on Nifty is a very strong support. In fact, positional traders should use this opportunity and buy the dip. For me till 24,800 holds, this market is a buy on every dip. ETMarkets Smart Talk | India could attract $1.5 trillion FII inflows over the next decade: Swati Khemani So, for me, at the current market price and on dips to 24,800 is a buying opportunity in Nifty. I am looking at targets of 25,600 to come. When it comes to Bank Nifty, we have already seen a breakout above 54,500. Now that level of around 55,900-56,000 is acting as a very strong support. Any dips to 56,000-55,900 is a great buying opportunity and I am looking at targets of 58,000 and then 60,000 to come on Bank Nifty. Fresh triggers could take Nifty to 25,300–25,500: Analysts Yes, for Thursday's expiry, the market looks weak because of that Iran-Israel issue. However, I feel 25,000 will be strongly held even for today and for a positional trader, it is a godsend opportunity to buy this dip and I am looking at targets of 25,600 to come very soon in Nifty. More short covering will come. FII net short position is currently at around 78-80% and from here on, I expect more short covering to come in next the volatility index now is below 14, India VIX is comfortable, and more short covering will come from the current level. We are at a strong support of 25,000, all good fundamentally, and even the RBI policy was spectacular with a reported 50 basis point repo rate cut as well as a 100 bps CRR cut. What more do you want? This market is a buy on dip and definitely no shorting whatsoever. What about the broader end of the market because we have seen them tip into the red yesterday but today for the first time in a very long time, the broader markets are underperforming the benchmark. What is your take on the broader end of the market – the midcap and smallcap both trading with cuts of about eight-tenth of a percent as we speak? CA Rudramurthy BV: After a correction in the longer term bull market, the October to March correction was done and then, we saw from April this year largecaps participating till May mid or even till close of May. But now from May 15th onwards, we have seen the broader market participating and in general yes, the broader market overall will do good from current market price. We have to be very sector specific and stock specific in this market. ADVERTISEMENT Yes, we first saw the private banks rallying. Later on, the move has started in mid-sized banks and PSUs have also started rallying. We are seeing even good moves in defence, railway and shipping stocks. So, one has to be very sector specific and stock specific and at current market price I am very bullish on two sectors – pharma and defence. To name some of the stocks in pharma, both Divi's Lab and Laurus Lab are trading close to all-time highs of their price and for me they are very bullish. So, yes, one can look at buying Divi's and Laurus Lab. Two more attractive pharma stocks are Glenmark and Biocon. So, for me, from now on, pharma will do very good and you have a long way to go from current market price. For me defence as a theme is also very good. HAL and BEL are my top picks. ADVERTISEMENT Even at current market prices, buy into HAL and BEL. Use opportunities like dips to buy into pharma as well as the defence stocks. But I am still bullish on chemicals. Look at stocks like Navin Fluro, Tata Chemical, they are all looking good, SRF. From insurance, HDFC Life and SBI Life look very good. LIC is also another stock which you can look for. Mid-sized banks will do very good. RBL Bank, Bandhan Bank looks very attractive. Even Federal Bank for that matter. For me, PSU banks also look very attractive whether it is Canara Bank or Punjab National Bank or even State Bank of India and it has also started a move from Wednesday. For me Coforge, Tech Mahindra, and Persistent Systems look very strong. You have to be very specific in your stocks and pick the right sectors. So, for me pharma, defence, chemicals, and then mid-sized banks are all stocks which will do very well from current market price. So, these sectors and stocks look very attractive to me. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
13-06-2025
- Business
- Time of India
Short covering anticipated next week; bullish on 4 pharma & defence stocks: CA Rudramurthy BV
CA Rudramurthy BV , MD, Vachana Investments, sees a buying opportunity in Nifty around 24,800, targeting 25,600. Bank Nifty has broken above 54,500, with 55,900-56,000 as strong support. Dips to these levels are buying opportunities , targeting 58,000 and 60,000. Despite Thursday's weakness due to geopolitical concerns, 25,000 is expected to hold. Short covering is anticipated next week, given high FII net short positions. Rudramurthu is bullish on pharma and defence sectors and highlights Divi's Lab , Laurus Lab , HAL , and BEL as top picks. Attractive opportunities also exist in chemicals with Navin Fluro and Tata Chemical, insurance with HDFC Life and SBI Life, and mid-sized banks like RBL Bank and Federal Bank. How do you see the trade happening on Nifty as well as Bank Nifty? CA Rudramurthy BV: First of all, for today's expiry, the Iran-Israel issue has been a hangover and because of that reason we are seeing the dip in market but I am very clear that the 25,000 level on Nifty is a very strong support. In fact, positional traders should use this opportunity and buy the dip. For me till 24,800 holds, this market is a buy on every dip. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Killer New Toyota 4Runner Is Utter Perfection (Take A Look) MorninJoy Undo So, for me, at the current market price and on dips to 24,800 is a buying opportunity in Nifty. I am looking at targets of 25,600 to come. When it comes to Bank Nifty, we have already seen a breakout above 54,500. Now that level of around 55,900-56,000 is acting as a very strong support. Any dips to 56,000-55,900 is a great buying opportunity and I am looking at targets of 58,000 and then 60,000 to come on Bank Nifty. Yes, for Thursday's expiry, the market looks weak because of that Iran-Israel issue. However, I feel 25,000 will be strongly held even for today and for a positional trader, it is a godsend opportunity to buy this dip and I am looking at targets of 25,600 to come very soon in Nifty. More short covering will come. FII net short position is currently at around 78-80% and from here on, I expect more short covering to come in next week. Similarly, the volatility index now is below 14, India VIX is comfortable, and more short covering will come from the current level. We are at a strong support of 25,000, all good fundamentally, and even the RBI policy was spectacular with a reported 50 basis point repo rate cut as well as a 100 bps CRR cut. What more do you want? This market is a buy on dip and definitely no shorting whatsoever. Live Events You Might Also Like: Fresh triggers could take Nifty to 25,300–25,500: Analysts What about the broader end of the market because we have seen them tip into the red yesterday but today for the first time in a very long time, the broader markets are underperforming the benchmark. What is your take on the broader end of the market – the midcap and smallcap both trading with cuts of about eight-tenth of a percent as we speak? CA Rudramurthy BV: After a correction in the longer term bull market, the October to March correction was done and then, we saw from April this year largecaps participating till May mid or even till close of May. But now from May 15th onwards, we have seen the broader market participating and in general yes, the broader market overall will do good from current market price. We have to be very sector specific and stock specific in this market. Yes, we first saw the private banks rallying. Later on, the move has started in mid-sized banks and PSUs have also started rallying. We are seeing even good moves in defence, railway and shipping stocks. So, one has to be very sector specific and stock specific and at current market price I am very bullish on two sectors – pharma and defence. To name some of the stocks in pharma, both Divi's Lab and Laurus Lab are trading close to all-time highs of their price and for me they are very bullish. So, yes, one can look at buying Divi's and Laurus Lab. Two more attractive pharma stocks are Glenmark and Biocon. So, for me, from now on, pharma will do very good and you have a long way to go from current market price. For me defence as a theme is also very good. HAL and BEL are my top picks. Even at current market prices, buy into HAL and BEL. Use opportunities like dips to buy into pharma as well as the defence stocks . But I am still bullish on chemicals. Look at stocks like Navin Fluro, Tata Chemical, they are all looking good, SRF. From insurance, HDFC Life and SBI Life look very good. LIC is also another stock which you can look for. Mid-sized banks will do very good. RBL Bank, Bandhan Bank looks very attractive. Even Federal Bank for that matter. You Might Also Like: $1 Trillion GDP Boost in Sight: Abhishek Banerjee on promising sectors, gold and market sentiment For me, PSU banks also look very attractive whether it is Canara Bank or Punjab National Bank or even State Bank of India and it has also started a move from Wednesday. For me Coforge, Tech Mahindra, and Persistent Systems look very strong. You have to be very specific in your stocks and pick the right sectors. So, for me pharma, defence, chemicals, and then mid-sized banks are all stocks which will do very well from current market price. So, these sectors and stocks look very attractive to me.
Economic Times
30-05-2025
- Business
- Economic Times
Any dip towards 24,500-24,700 should be looked at as a buying opportunity: Dharmesh Shah
Live Events You Might Also Like: Stock market update: Nifty Realty index falls 0.64% in a weak market You Might Also Like: CA Rudramurthy BV on crucial Nifty levels to watch; 2 stocks to buy (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel AVP-Technical Analyst,, says the way the market breadth seems to be improving, supported by global setup, Nifty is expected to head towards 25,500 which is the upper band of the channel and should get a breakout above 25,100 and we should look for a target of 25,500 in June. Strong positional support is placed at 24,200- 24,500. Any dip towards 24,500 to 24,700 should be looked at as a buying opportunity The market has been consolidating in this range of 24,200-25,100 in the last few trading sessions, but we should not forget that we had already seen a 14% rally from the bottom of 21,800. We believe this consolidation makes the markets more healthy and we believe such consolidations are always supported by the next leg of way the market breadth seems to be improving, supported by global setup, we expect Nifty to head towards 25,500 which is again the upper band of the channel and should get a breakout above 25,100 and we should look for a target of 25,500 in June. Strong positional support is placed at 24,200- 24,500. Any dip towards 24,500 to 24,700 should be looked at as a buying if you look in the current context, the rallies are getting bigger and the falls are getting smaller and smaller. So, elongation of rallies supported by shallow retracement indicates the robust price structure. We believe any dip towards 24,500 to 24,600 should be looked at as a buying opportunity for a target of 25, you look at the market in the current context, we believe banking as a sector has been consolidating for the last six weeks after a sharp move. It has been consolidating in this range of 53,000 to 55,000. We expect the Bank Nifty should be in focus in the coming week where you also have RBI policy, so more focus towards the rate sensitive sectors.I believe we should be looking for a target of around 57,000 from the Bank Nifty perspective. Apart from banking, auto and real estate which are part of the interest rate sensitive sector should be in focus. So, banking, auto, real estate, metals are the ones where we remain you look at the market broader, when your broader market is also doing good and if you see the individual sectors, you do not see any weakness in much of any of the sectors. So, maybe, it is the only sector where you have lots of news flow floating in terms of global. That is something where you have a very mixed picture where largecaps look more comfortable compared to the midcaps. IT and pharma seem to be impacted by global news flow, and should be avoided. But otherwise one can be positive on most other sectors going Now: Help us with your stock picks. Any particular stock that is standing out for Shah: Yes, inside the metal, we remain positive on metals where HEG remains to be our top pick. If you look at the metal index, again the index is finding a support at the long-term rising trend line in metal index and also if you look particularly inside the metal, HEG remains to be our top pick where again the news flow also remains to be more positive for HEG because if you look at the most of these global players in graphite electrodes, it seems to be the penetration seems to be moving towards the steel making process which is something big for HEG. We believe HEG is one where the stock seems to be finding support at 200-week moving average supported by falling channel breakout. We expect HEG to head towards 575, 580 keeping a stop loss of 467, inside the metal space we remain to be positive from HEG, ELGI Equipment in capital good space is a company with good sets of numbers and the stock has already seen a good correction of almost 40% from the top, forming a strong base above 200-week EMA and with a falling channel breakout, we expect this stock to head towards Rs 575, 580. ELGI Equipment and HEG remain our top picks.
