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Nomura lifts Nifty target price by 1,170 points, unveils 17 top stock picks

Business News - June 2, 2025 - 11:53am
In a bullish move that defies earnings downgrades and global jitters, Japanese brokerage giant Nomura has raised its Nifty target by 1,170 points to 26,140, citing favorable valuations and domestic resilience. Alongside, it unveiled 17 high-conviction stock picks, signaling a clear pivot toward domestic-facing sectors."Assuming benign risk premium and low yields, we raise the target valuation multiple to 21x (from 19.5x previously)... suggesting potential upside of 6% from current levels,” Nomura said in a note to clients. The firm’s new March 2026 Nifty target is based on 21x FY27 earnings, up from its previous 24,970.The Nifty currently trades at 20.5x one-year forward earnings, near the top of its three-year range. Yet, Nomura points to a reassuring spread of -1.4% between earnings yield and bond yield — at the high end of the past four years — to argue that valuations remain justified.Despite cuts in aggregate earnings estimates, Nomura notes that “there were more beats than misses” in India’s Q4 season. Consensus FY26/27 earnings have been trimmed by 2.3%/1.4% since March 2025, and by 7.6%/6.3% since September 2024. For FY27, the brokerage sees further 4–8% downside risk.Nomura remains wary of macro headwinds such as weak capex, fiscal consolidation, shrinking household savings, and soft exports. However, it says these risks may be offset by falling oil prices, inflation and interest rates.Also read | Smallcap stocks are doubling money like it’s 2024 once again. Should you jump in?Sector Playbook: Domestic Over GlobalNomura is betting big on domestic demand and financials, advising investors to prefer consumption over investment themes, and to stay cautious on exporters and capex-heavy plays like IT, metals and cement.“We are most positive on financials as the segment faces relatively low earnings risk and presents valuation comfort,” Nomura said.It is also upbeat on consumer staples, autos, oil & gas, power, telecom, internet, real estate and select domestic healthcare. Within industrials, companies linked to power capex are in favor.Conversely, IT services, cement, metals and global exporters remain underweight, especially as global trade uncertainty and US tariff risks loom.17 Stock Ideas: Who’s In, Who’s OutAmong largecaps, ICICI Bank, State Bank of India (SBI), Axis Bank, Bajaj Finance, Godrej Consumer, Mahindra & Mahindra (M&M), CG Power, Reliance Industries (RIL), and Tata Power top Nomura’s buy list.Small and mid-cap favorites include Marico, Dixon, Uno Minda, Gland Pharma, Lupin, MedPlus, Oberoi Realt,y and Dr Lal Pathlabs.Portfolio ShufflesFederal Bank is out of the preferred list due to muted earnings growth, rising opex, and NIM pressure. In capital goods, Hindustan Aeronautics (HAL) is added for strong order visibility, while Bharat Electronics (BEL) is removed after a sharp rally.In IT, L&T Technology Services (LTTS) joins the least-preferred list over weak visibility in ER&D amid tariff concerns. Within metals, JSW Steel is dropped due to litigation risks, while Jindal Steel & Power is added for earnings upside from new capacities.In real estate, Oberoi Realty replaces Lodha on expectations of key project approvals.
Categories: Business News

JEE Advanced Result 2025: जेईई एडवांस्ड रिजल्ट 2025 हुआ जारी, इस तारीख से शुरू होगी JoSAA काउंसिलिंग

Dainik Jagran - June 2, 2025 - 11:29am

जागरण संवाददाता, पटना। आईआईटी में नामांकन के लिए जेईई एडवांस का परिणाम सोमवार की सुबह जारी हो गई। जारी परिणाम में सबसे बेहतर दिल्ली जोन का रहा, गुवाहाटी जोन उम्मीद के विपरित परिणाम संतोषजनक नहीं रहे।

परीक्षार्थी अपना रिजल्ट आईआईटी कानपुर की ऑफिशियल वेबसाइट jeeadv.ac.in पर जाकर या इस पेज पर दिए डायरेक्ट लिंक से चेक कर सकते हैं और अपना स्कोरकार्ड डाउनलोड कर सकते हैं।

आईआईटी कानपुर की ओर से जारी रिजल्ट के अनुसार टॉपरों में राजस्थान के अभ्यर्थी शामिल है। अब तीन जून से जोसा (ज्वाइंट सीट एलोकेशन अथारिटी) काउंसिलिंग 2025 के लिए रजिस्ट्रेशन शुरू हो जाएगा।

सभी अभ्यर्थियों को 10 जून तक च्वाइस फिलिंग करनी होगी। इस साल आईआईटी में काउंसिलिंग के छह राउंड होंगे। पिछले साल से काउंसिलिंग का एक राउंड का मौका अधिक मिलेगा।

इस खबर को लगातार अपडेट किया जा रहा है। हम अपने सभी पाठकों को पल-पल की खबरों से अपडेट करते हैं। हम लेटेस्ट और ब्रेकिंग न्यूज को तुरंत ही आप तक पहुंचाने के लिए प्रतिबद्ध हैं। प्रारंभिक रूप से प्राप्त जानकारी के माध्यम से हम इस समाचार को निरंतर अपडेट कर रहे हैं। ताजा ब्रेकिंग न्यूज़ और अपडेट्स के लिए जुड़े रहिए जागरण के साथ।

Categories: Bihar News

Rajeev Shukla may be BCCI's next boss

Business News - June 2, 2025 - 11:02am
The Board of Control for Cricket in India (BCCI) Vice President Rajeev Shukla will become the acting president of the board in July after the current president Roger Binny, touches the age of 70 on July 19 this year, as per sources. 65-year-old Shukla will first get the acting president role for three months. With the Annual General Meeting (AGM) in September, the month he would turn 66, he could stand for the post of full-time president in the elections, added the sources. Roger was elected as the 36th president of BCCI in October 2022, replacing ex-Indian skipper Sourav Ganguly, who completed his three-year tenure. Notably, Binny was the only candidate to have filed a nomination for the top post.During his presidency, India won two white-ball titles, the ICC T20 World Cup 2024 and the ICC Champions Trophy 2025. He also introduced the Women's Premier League (WPL), a women's franchise cricket league on the lines of highly-successful IPL. It was during his presidency that several steps related to proper strengthening and prioritising domestic cricket with help of better incentives, pay and having seniors participate in domestic tournaments took place. Binny, a bowling all-rounder, has represented India in 27 test matches and 72 ODIs. He took 47 wickets in Tests and scored 830 runs with five half-centuries. In 72 ODIs, he took 77 wickets and scored 629 runs with a half-century. The right-arm pacer bagged 47 wickets in tests while also picking 77 in ODIs.He was a crucial contributor to India's first-ever World Cup victory, being the highest wicket-taker for India in the 1983 World Cup with 18 wickets.Binny has previously served as a member of the BCCI selection committee.
Categories: Business News

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