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Motilal Oswal has named Coal India its top sectoral pick, setting a Rs 485 target with a 26% upside. The company is increasing capex to Rs 20,000 crore annually for infrastructure, mine expansion, and diversification into renewables. Strong e-auction volumes and pricing power are expected to drive earnings, with shares trading at Rs 380.25 on BSE.
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What is happening is that there was a bit of a positive view on IT and mostly consensus positive view saying that incremental deal flow has been good, IT firms are hiring, and as you see a bit of a strength come through in US economy this discretionary spending will get better.
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Markets have started 2025 on a highly volatile note, and a correction of over 14% from the highs has naturally raised concerns. However, if we step back and analyze market cycles, corrections are a part of the process, especially after a sustained rally.
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