Latest news with #DharmeshShah
Hans India
6 days ago
- Business
- Hans India
ABB India and Godrej Properties: Stock recommendations for June 16
ICICI Securities' Vice President Dharmesh Shah has recommended investors consider buying ABB India and Godrej Properties shares on Monday, June 16, citing favorable technical setups and medium-term potential. This comes in the wake of a volatile trading week, where equity benchmarks witnessed a notable drop. On Friday, the Sensex fell 573 points to close at 81,118.60, while the Nifty 50 declined by 169.60 points, ending at 24,718.60. The downturn was driven by heightened geopolitical tensions after Israel's strike on Iran, which spooked markets globally and pushed Brent crude oil prices up by 18%. Despite the weak sentiment, Shah remains optimistic, predicting that the Nifty will hold the 24,500 support level. He advises using any further dip as an opportunity to accumulate quality stocks. Stock Recommendations for June 16: ABB India Buy Range: ₹5,950–₹6,130 Target Price: ₹6,860 Stop Loss: ₹5,648 Godrej Properties Buy Range: ₹2,350–₹2,470 Target Price: ₹2,748 Stop Loss: ₹2,218 Shah highlighted that despite global uncertainty, market internals remain strong. Notably, 55% of stocks are trading above their 200-day simple moving averages, indicating improving breadth. He adds that the midcap index remains resilient, undergoing only mild corrections despite a 28% rally since April. While volatility may persist due to geopolitical developments and upcoming US Fed policy updates, Shah expects markets to stabilize. Historically, similar geopolitical shocks have led to medium-term rebounds in Indian equities. Disclaimer: We strongly advise investors to consult with certified experts before making any investment decisions
Mint
6 days ago
- Business
- Mint
Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying ABB India, Godrej Properties shares tomorrow
Stock market news: Equity benchmark indices Sensex and Nifty 50 fell by nearly 1% on Friday, influenced by weak global markets and a surge in Brent crude oil prices following Israel's assault on Iran's capital, which dampened investor sentiment. Experiencing a decline for the second consecutive day, the 30-share BSE Sensex plummeted by 573.38 points or 0.70%, closing at 81,118.60. The Nifty 50 experienced a drop of 169.60 points or 0.68%, ending at 24,718.60. In terms of weekly performance, the BSE benchmark decreased by 1,070.39 points or 1.30%, while the Nifty 50 fell by 284.45 points or 1.13%. Investors were hesitant to engage with riskier assets due to concerns over a potential full-scale war between Israel and Iran, coupled with outflows from foreign funds. On the technical front, Dharmesh Shah, Vice President at ICICI Securities, expects Nifty 50 to hold 24,500 on a closing basis. Shah has recommended two stocks to buy for short-term. Here's what he expects from Indian stock market next week, along with his stock recommendation. Equity benchmark pared early week gains tracking subdued global cues owing to Israel's military strike on Iran. Consequently, Nifty 50 settled at 24,718, down 1.1%. Mirroring the benchmark move, Nifty midcap and small cap snapped 4 weeks winning streak, down 1.2%. Sectorally, profit booking was observed in recently rallied rate sensitives like, realty, financials and auto while IT, Pharma regained lost ground. The weekly price action formed a bear candle while sustaining above key support zone of 24,500, indicating extended breather. Brent crude oil jumped 18% during the week ($78) tracking escalated geopolitical tensions in the oil-rich Middle East. The risk-off sentiment fueled the momentum in safe heaven gold, up 3.5% at $3440. Going ahead, we expect volatility to remain elevated tracking geopolitical worries. Hence, development of geopolitical concern coupled with US Fed policy would have major bearing on the market which would dictate further course of action. Further, it is important to note that despite elevated volatility Nifty 50 managed to hold key support threshold of 24,500 and staged a rebound. Thereby, in the coming week, holding 24,500 on a closing basis would highlight strength and open the door for further pullback wherein immediate resistance is placed at 25,200. In the last four decades there have seen six major geopolitical escalations. On each occasion it formed major bottom once anxiety around the event settled down. Investing in such panic reactions with long term mind set has been rewarding as index has witnessed double digit returns in subsequent three months. In the current scenario, post the kneejerk reaction, we believe market would stabilise. Hence, we advise dips should be capitalised to build quality portfolios from medium to long term perspective. Structurally, the elongation of rallies followed by shallow correction is a perfect recipe of bull market. In current scenario, over past 21 sessions index has retraced merely 23.6% of preceding 25 sessions 16% up move. Slower pace of retracement indicating robust price structure that bodes well for next leg of up move. On the broader market front, Nifty midcap is undergoing healthy retracement after 28% rally which should be used as buying opportunity based on following observations: a) Since April low, Midcap index has not corrected >6% while on the weekly chart it has not closed below its previous week's low. In current scenario, despite ongoing volatility, midcap index has been maintaining the same rhythm. b) Further, the ratio chart of Nifty 500/Nifty 100 has been inching upward that clearly indicates relative outperformance. c) Improving market breadth as currently 55% of stock are trading above 200 days SMA compared to last month reading of 30%. Key monitorable which would provide cushion to the ongoing up move: a) Development of geopolitical concern c) Brent crude is poised at immediate hurdle of $78. Lack of follow through strength would result into consolidation in 78-66 levels d) Despite current decline, Index VIX is trading below immediate hurdle of 16 e) Further weakness in US Dollar index f) Bilateral Trade Agreement between India and US The key support threshold of 24,500 for the Nifty 50 is based on lower band of past four weeks consolidation coincided with 50% retracement of recent rally (23,935-25,222) and Friday's panic low is placed at 24,473. Dharmesh Shah of ICICI Securities recommends buying ABB India, and Godrej Properties shares this week. 1. Buy ABB India shares in the range of ₹ 5,950-6,130. He has ABB India share price target of ₹ 6,860 with a stop loss of ₹ 5,648. 2. Buy Godrej Properties shares in the range of ₹ 2,350-2,470. He has Godrej Properties share price target of ₹ 2,748 with a stop loss of ₹ 2,218. Disclaimer: The Research Analyst or his relatives or I-Sec do not have actual/beneficial ownership of 1% or more securities of the subject company, at the end of 13/06/2025 or have no other financial interest and do not have any material conflict of interest. The views and recommendations provided in this analysis are those of individual analysts or broking companies, not Mint. We strongly advise investors to consult with certified experts before making any investment decisions, as market conditions can change rapidly and individual circumstances may vary.
Forbes
12-06-2025
- Forbes
Are We Going To Collaborate With AI? And How?
Dharmesh and his call with Sam Altman John Werner What are we going to do with AI? It's a common question, sure, but it's also phrased ambiguously. We'll get back to that in a moment. Within the spiraling complexity of the tech industry, people have many questions. There's a good deal of uncertainty about exactly how our grand experiment with AI will work. Part of that involves the idea that unlike with past technology transformations, a portion of it will simply be out of our control. It goes back to the idea, espoused by people like my friend Jeremy Werthheimer, that we are not exactly 'engineering' LLMs, but 'discovering' them and their capabilities. In other words, how do you 'use' something that can also imitate cognition? Are you using it, or is it using you? And then there's the big question of human sentiment. How do people feel about AI? And is that too general of a question? Tomorrow's Teams Dharmesh Shah One thing you get in this piece from Harvard is that there's more than one way to view AI as a user. Taking the example of students in a younger age group, a cited study found half of them using generative AI, with most common uses being search and brainstorming. The survey, which reached 1500 teens, showed how some people use it to cheat, and others use it in more positive ways. 'Of the teens surveyed, many admitted to using AI to cheat on assignments, homework, or tests,' writes Ryan Nagelhout. 'But while academic integrity remains a concern for both adults and teens alike, many study participants highlighted positive academic experiences they've had with generative AI. AI was called 'the modern approach to learning,' while other teens surveyed pointed out that 'not all kids use it to cheat in school.' So with that in mind, there's a big difference between viewing this technology in a positive way, and viewing it negatively. Going back to the idea of surveys and ambiguity, I recently saw this talk from Dharmesh Shah of HubSpot, where he asked a good number of people: 'How will we compete with AI?' What LLMs are like John Werner As he pointed out, this has two meanings – competing against AI, and competing using AI. I have to admit that when I see the question, I think of it as competing against AI, because of the technology's sometimes confounding powers to do what we do, better. But Shah revealed that in his survey, 66% of respondents saw it the other way, in collaboration, with 34% taking in the question the way that I did. Referencing the year '2 B.C.' or 'before ChatGPT,' he talks about answering questions such as: how does AI work, and where are we going with it? Quoting figures like Geoff Hinton, who has famously become less ebullient after his early work on neural nets, Shah also makes some interesting little points that I think are aimed at insiders, as when he quips that 'the token is what geeks use to charge by the syllable.' I found that funny. AI will give you a better job Dharmesh Shah Here's another part of Shah's talk that I really wanted to focus on. Further on in the presentation, he starts talking about his own origins in a village in India, where, he said, they didn't have a TV, or even a refrigerator. Then he contrasted that with his son's experience as an aspiring author, in which the young man is already involved in what Shah called 'world-building' (a la Minecraft?) a type of brilliant coding that allows him to explore the use of AI in an empowering way. I thought this was a compelling way to talk about how the new generation may coexist with AI. Another way to think about this is to enumerate the biggest fears about AI, like job displacement, ethical concerns regarding privacy, and the slow winnowing away of human intellectual powers. That's balanced against the potential to help society in fields like medicine, and boost productivity across many industries. Let me take a few more phrases from Shah's talk that I think relate. He referenced 'simple interaction, sophisticated action,' a phrase that seems to speak to a balance – a contrast between a seemingly small process, and a meaningful step. He also encouraged humans to 'be curious,' which seems to me to be the right way to encounter the technology. Instead of being fearful, or being mindlessly accepting – be curious, and don't abdicate critical thinking powers. Finally, he asked people to 'dream big, but iterate small' – in other words, have a grand vision, but shepherd it carefully, in deliberate steps, rather than just lurching forward. Because, to some extent, we have to understand the technology well ourselves, to collaborate in the best ways. More than the sum JOHN WERNER To figure out what our approach will be, we first have to engage with the tech, in planned and thoughtful ways. It is all so brand new. Maybe in a few years, we'll have developed a program for building that relationship – or maybe the children will figure it out for us.
Economic Times
12-06-2025
- Business
- Economic Times
MapmyIndia shares in focus as PhonePe plans 5% stake sale via block deal
Shares of CE Info Systems, the parent company of MapMyIndia, are expected to be in focus on Thursday, June 12, following reports that PhonePe Pvt. Ltd. is set to sell a 5% equity stake in the company through a block deal valued at Rs 476.2 crore. ADVERTISEMENT The transaction is reportedly being offered at a floor price of Rs 1,750 per share, which represents a 10.4% discount to the stock's last closing price, according to CNBC-TV18. At the end of the March 2025 quarter, PhonePe held an 18.7% stake in CE Info Systems. The current deal would reduce its holding to around 13.7%, signalling a partial monetisation of its investment. CE Info Systems reported a 28% year-on-year (YoY) increase in net profit for the fourth quarter of FY25, with Profit After Tax (PAT) rising to Rs 49 crore, compared to Rs 38.2 crore in Q4 company's Revenue from Operations grew by 34% YoY to Rs 143.5 crore in Q4 FY25, up from Rs 106.9 crore in the same quarter last year, while the total Income for the quarter stood at Rs 166.7 crore, marking a 40% increase from Rs 119.3 crore in Q4 Before Interest, Tax, Depreciation, and Amortisation (EBITDA) rose to Rs 58 crore, up 47% from Rs 39.5 crore in the year-ago period. The company reported an EBITDA margin of 40% in Q4 FY25, compared to 37% in Q4 FY24. ADVERTISEMENT Also read: Nifty to climb new high by Sept-Oct; bullish on 3 stocks now: Dharmesh Shah The PAT margin for the quarter was 29%, slightly lower than 32% reported in the corresponding quarter of the previous year. ADVERTISEMENT On Wednesday, the shares of C.E. Info Systems closed 1.7% higher at Rs 1,952.15 on the BSE. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
12-06-2025
- Business
- Time of India
MapmyIndia shares in focus as PhonePe plans 5% stake sale via block deal
Shares of CE Info Systems , the parent company of MapMyIndia, are expected to be in focus on Thursday, June 12, following reports that PhonePe Pvt. Ltd. is set to sell a 5% equity stake in the company through a block deal valued at Rs 476.2 crore. The transaction is reportedly being offered at a floor price of Rs 1,750 per share, which represents a 10.4% discount to the stock's last closing price, according to CNBC-TV18. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Morocco: Unsold Sofas at Bargain Prices (View Current Prices) Sofas | Search Ads Search Now Undo At the end of the March 2025 quarter, PhonePe held an 18.7% stake in CE Info Systems. The current deal would reduce its holding to around 13.7%, signalling a partial monetisation of its investment. CE Info Systems reported a 28% year-on-year (YoY) increase in net profit for the fourth quarter of FY25, with Profit After Tax (PAT) rising to Rs 49 crore, compared to Rs 38.2 crore in Q4 FY24. The company's Revenue from Operations grew by 34% YoY to Rs 143.5 crore in Q4 FY25, up from Rs 106.9 crore in the same quarter last year, while the total Income for the quarter stood at Rs 166.7 crore, marking a 40% increase from Rs 119.3 crore in Q4 FY24. Live Events Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) rose to Rs 58 crore, up 47% from Rs 39.5 crore in the year-ago period. The company reported an EBITDA margin of 40% in Q4 FY25, compared to 37% in Q4 FY24. Also read: Nifty to climb new high by Sept-Oct; bullish on 3 stocks now: Dharmesh Shah The PAT margin for the quarter was 29%, slightly lower than 32% reported in the corresponding quarter of the previous year. On Wednesday, the shares of C.E. Info Systems closed 1.7% higher at Rs 1,952.15 on the BSE. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
