GreenEdge Wealth's Digant Haria suggests large IT stocks may outperform large banks in the next year, citing comfortable valuations and gradual AI changes. He favors second-tier BFSI stocks like Equitas and Ujjivan, anticipating a turnaround from easing regulations. Haria also highlights domestic consumption, including building materials and consumer durables, as a promising sector.
Benchmark indices surged for the seventh consecutive session, fueled by strong buying in IT, auto, and pharma stocks. LTIMindtree shares rallied 5%, while Axis Bank fell 0.89% and Hindustan Unilever rose 1%. Analysts recommend monitoring key support and resistance levels for potential breakouts and reversals in these stocks.
The Army has allowed the resumption of limited flying by Advanced Light Helicopters Dhruv in view of the Pahalgam terror attack, people familiar with the matter have said. The entire fleet of over 330 Dhruv helicopters operated by the Army, Navy, the Air Force and the Coast Guard was grounded in early January following the crash of one of the choppers. The Army has allowed limited flying by ALH Dhruv to help in counter-terror operations in Jammu and Kashmir, the people cited above said on Wednesday. A Dhruv helicopter of the Coast Guard crashed at the Porbandar airport runway in Gujarat on January 5. Two pilots and an aircrew diver of the helicopter were killed in the incident. The indigenously designed and developed Advanced Light Helicopter (ALH-Dhruv)) is a twin-engine, multi-role, multi-mission new-generation helicopter in the 5.5-tonne weight class. More than 340 Dhruv helicopters have been produced by Hindustan Aeronautics Ltd so far.
