Dharmesh Kant sees DMart under pressure, Poonawalla may rally
In short
Dharmesh Kant of Chola Securities said DMart may keep facing pressure, while Poonawalla Fincorp could rise 10% to 12%. He also stayed positive on defence stocks like HAL and Mazagon Dock.
This matters to investors watching these shares. The report does not say when the move may happen or give any fresh company data.
What the reporting says
Dharmesh Kant of Chola Securities said DMart could stay under pressure while Poonawalla Fincorp may rally 10% to 12%, according to a CNBC TV18 Market summary. The view was tied to DMart's rich valuations and to a trading call on Poonawalla Fincorp, with added bullishness on defence stocks such as HAL and Mazagon Dock. The immediate trigger and timeframe are not stated in the available reporting.
Why it matters
Dharmesh Kant, head of research at Chola Securities, said DMart may remain under pressure because of rich valuations, while Poonawalla Fincorp may see a 10%-12% trading rally, based on a CNBC TV18 Market summary. The same source says he was positive on defence names such as HAL and Mazagon Dock and preferred LG Electronics. The reporting does not say when the call was made or whether any price move followed.