Fraud alert! NSE cautions investors against entities impersonating reputed financial institutions - 3 months ago
Individuals and entities using Indian and international mobile numbers and social media platforms such as WhatsApp, Facebook, Telegram, and Instagram have been circulating fake certificates allegedly issued by Sebi and exchanges, according to a joint statement by the exchanges.
Economic Times

These 7 IT stocks hit 52-week highs and rallied up to 30% - 3 months ago
India's benchmark Sensex surged by around 611 points on Monday, closing at 81,698. During this rally, seven stocks within the BSE IT index hit their highest prices in the past year. Reaching a 52-week high is noteworthy as it represents the peak value a stock has achieved over the last 12 months, providing valuable information for traders and investors. This milestone is essential for assessing a stock's current worth and predicting future price trends.
Economic Times

Tech View: Nifty is 68 points away from a record high. Here’s how to trade on Tuesday - 3 months ago
The index displayed a strong bullish signal on the daily chart, forming a long candle with a small upper shadow. This suggests an attempt to break through the resistance level created by the downward gap on August 2nd, which was around 24,950-25,000. Furthermore, the significant downward gaps observed on August 2nd and 5th have been fully closed, around 24,950 and 24,680 respectively. Nagaraj Shetti of HDFC Securities views this as a positive development.
Economic Times

India Inc improves interest coverage in Q1 amid strong operating profit, lower interest expense - 3 months ago
The aggregate interest coverage ratio for India Inc hit a nine-quarter high in the recently concluded quarterly results season following a sustained double-digit growth in the operating profit and deceleration in the interest expense.
Economic Times

Zerodha's Nithin Kamath flags concerns over fake trading app scams - 3 months ago
Zerodha's Nithin Kamath on Monday highlighted a surge in fake trading app scams, which trick investors by offering easy profits. These scams involve fake apps mimicking major brokers, enticing users with initial gains, then demanding fees and taxes before disappearing.
Economic Times

HCL Tech, JSW Steel among 6 Nifty50 stocks that hit new 52-week highs on Monday - 3 months ago
Domestic shares closed near record highs on Monday, driven by IT stocks, after the Federal Reserve chief indicated imminent interest rate cuts. In today’s trading session, six Nifty50 stocks reached new 52-week highs, reflecting strong performance across various sectors. Here’s the list:
Economic Times

Technical Breakout Stocks: How to trade Honasa Consumer, Motilal Oswal and Craftsman Automation on Tuesday? - 3 months ago
Indian markets bounced back on Monday after a flat close seen in the previous trading session. The S&P BSE Sensex rose more than 600 points while the Nifty50 closed above 25,000.
Economic Times

UltraTech raises $500 million through sustainability-linked financingUltraTech Cement Share Price - 3 months ago
UltraTech Cement raised $500 million through a sustainability-linked loan, marking its second such endeavour after a 2021 bond issuance. Six banks, including SMBC and SBI, participated. The company posted a slight increase in net profit for the quarter ended June 30, 2024, compared to the previous year, with revenue also seeing a modest rise.
Economic Times

Aarti Drugs announces record date for Rs 60 crore share buybackAarti Drugs Share Price - 3 months ago
Aarti Drugs has set September 5 as the record date for its Rs 59.85 crore share buyback. The company will repurchase up to 6,65,000 shares at Rs 900 each, a 48% premium on Monday's BSE closing price. The buyback represents 0.72% of its total equity.
Economic Times

Paytm issues clarification on Sebi show-cause notice, says not a new developmentOne97 Communications Share Price - 3 months ago
One 97 Communications, the operator of Paytm, said that the show-cause notice related to founder Sharma's classification as a promoter was already disclosed in its financial results for March and June quarters. The company maintains it adheres to SEBI regulations regarding ESOPs and reported no financial impact from the notice.
Economic Times

Powell's rate cut hint fuels 612-point Sensex rally, market cap swells by Rs 2.3 lakh croreTech Mahindra Share Price - 3 months ago
The benchmark equity index Sensex climbed 612 points, while the Nifty gained 187 points, closing above the 25,000 mark, driven by strong performance from major financial and IT stocks. HDFC Bank, Reliance, ICICI Bank, NTPC, HCL Tech, Infosys, and TCS were the top contributors to the Sensex's gains. On the other hand, Adani Ports, Maruti, Kotak Bank, Nestle India closed in the red.
Economic Times

Paytm shares drop 9% following report of Sebi's show-cause notice to Vijay Shekhar SharmaOne97 Communications Share Price - 3 months ago
Paytm shares saw a 9% dip to Rs 505.25 following news that SEBI issued show-cause notices to Vijay Shekhar Sharma and ex-board members. The allegations involve misrepresentation during the IPO, focusing on Sharma’s promoter classification. This classification is significant due to regulations on ESOPs for promoters post-IPO.
Economic Times

Multibaggers HPCL, BPCL among 6 oil & gas sector buys for this brokerage. Upside seen up to 43% - 3 months ago
As oil stocks retain their winning momentum and crude oil is expected to trade between $72 and $78 per BBL, brokerage Yes Securities has seven stocks as a buy while having a 'Reduce' view on three other stocks in the Oil & Gas sector. Here's what it suggests:
Economic Times

What are Aggressive Hybrid Funds? Should you invest or not? - 3 months ago
Financial planners believe first-time investors in mutual funds can consider an aggressive hybrid equity fund to start with given that it combines two asset classes and is likely to be less volatile as compared to a pure equity fund.
Economic Times

Ola Electric shares under pressure, nosedive 22% in 5 daysOla Electric Mobility Share Price - 3 months ago
Ola Electric Share Price: Just seven days after its listing on the bourses, the stock had doubled in value and was trading at a higher valuation than even that of Elon Musk's Wall Street-listed Tesla.
Economic Times

NIIT shares hit 20% upper circuit after Ramesh Damani acquires stakeNIIT Share Price - 3 months ago
NIIT Share Price: NIIT shares climbed 20% to a day’s high of Rs 153.84 on the NSE after ace investor Ramesh Damani acquired a 0.59% stake in the education company, valued at Rs 10.02 crore, through an open market transaction. Over the past two trading sessions, NIIT’s stock price has soared by 29%, rising from Rs 119.08 on Thursday, August 22, to its current level.
Economic Times

Buy Zomato, sell Jubilant Foodworks & don't buy other QSR stocks: Will this theme continue even longer after Swiggy gets listed? - 3 months ago
For 2023, Biryani was the most ordered food online. Will 2024 be different when numbers come out. Not probably, With nearly 85 variants and over 6.2 million orders, 'Dum Biryani 'has emerged as the undisputed champion. Biryani rice came in second with 3.5 million orders, while 'Hyderabadi Biryani' received over 2.8 million orders. For some investors these might appear to be irrelevant at the first instance, but probably that is the reason why stocks like Jubilant foodworks and other QSR stocks have been underperforming for quite some time. Will this change, or growth of zomato and swiggy, which makes sure that more Briyani, Chole Bhature and Tikki are ordered, brings a cap to growth which pizza and burger sellers can have at least in terms of giving return on the street.
Economic Times

Akum Drugs shares tumble 5% despite posting Rs 60 crore Q1 profit - 3 months ago
Akum Drugs Share Price: Akum Drugs and Pharmaceuticals' shares dropped 5% to Rs 895 despite reporting a Rs 60 crore net profit for the June quarter, reversing a Rs 187.4 crore loss from FY24. Revenue also rose 5% YoY to Rs 1,091 crore.
Economic Times

Multibaggers HPCL, BPCL among 6 oil & gas sector buys for this brokerage. Upside seen up to 43%Reliance Industries Share Price - 3 months ago
As oil stocks maintain their positive trend and crude oil prices are forecasted to range between $72 and $78 per barrel, Yes Securities recommends buying seven stocks and suggests a 'Reduce' stance on three others in the Oil & Gas sector.
Economic Times

12 stocks held by maximum number of midcap mutual fund schemes in July - 3 months ago
ETMarkets has compiled a list of the stocks most widely held by midcap mutual fund schemes as of July. About 12 stocks are held by over 18 midcap mutual fund schemes. Notably, 9 of these stocks have delivered over 25% returns so far in CY24, including companies like Dixon Technologies (India), Cummins India, Voltas, and The Phoenix Mills (Data Source: ACE MF, ACE Equity). Midcap mutual funds invest at least 65% of their corpus in companies lying between 101 and 250 by market capitalisation, according to mutual fund body AMFI’s classification. These companies have the potential to become large entities in the future and the ability to outperform even largecap funds or diversified equity funds during a bull run.
Economic Times

Nikkei ends lower as stronger yen weighs on exporters - 3 months ago
"In addition to the yen's strength, there are some factors that make investors hesitant to make positive bets. In a very short term, that's Nvidia's outlook this week," said Shuutarou Yasuda, a market analyst at Tokai Tokyo Intelligence Laboratory.
Economic Times

Goal-based investing: A more effective approach than return-based - 3 months ago
Goal-based investing provides a more efficient and intelligent strategy by aligning your investments with specific financial objectives, making your financial journey more focused and secure. Consider this scenario: You have Rs 50,000 to invest and notice the stock market is surging. Enticed by the recent strong performance of equities, you decide to invest the entire amount in stocks, aiming for significant returns.
Economic Times

NIIT shares hit 20% upper circuit after Ramesh Damani acquires stakeSEPC Share Price - 3 months ago
NIIT shares climbed 20% to a day’s high of Rs 153.84 on the NSE after ace investor Ramesh Damani acquired a 0.59% stake in the education company, valued at Rs 10.02 crore, through an open market transaction. Over the past two trading sessions, NIIT’s stock price has soared by 29%, rising from Rs 119.08 on Thursday, August 22, to its current level.
Economic Times

Mamaearth shares jump 14%, hit all-time high. Here's whyHonasa Consumer Share Price - 3 months ago
In addition, Honasa Consumer launched its Kerala Thaali Hair Care Range last Friday. The company described the range as a tribute to Kerala's cultural heritage, designed to provide a holistic hair care experience with exceptional strength and shine.
Economic Times

JM Financial initiates coverage on 5 real estate stocks, expects ‘home-run’ to continueSobha Share Price - 3 months ago
FY24 marked a record-breaking year for residential real estate absorption, with pan-India sales surpassing the billion square feet milestone. Since FY21, pre-sales in the top seven markets have consistently outpaced new launches, significantly reducing inventory levels to just 11 months.
Economic Times

Ola Electric shares under pressure, nosedive 22% in 5 daysReliance Power Share Price - 3 months ago
Just seven days after its listing on the bourses, the stock had doubled in value and was trading at a higher valuation than even that of Elon Musk's Wall Street-listed Tesla.
Economic Times

KEC International shares soar over 9% on securing orders worth Rs 1,079 croreKEC International Share Price - 3 months ago
KEC International Share Price: KEC International's shares increased by more than 9% after securing Rs 1,079 crore in new orders for its T&D and cables businesses. Key orders included projects in India, Saudi Arabia, Oman, and the UAE. Year-to-date order intake surpassed Rs 8,700 crore, showing a 60% growth compared to the previous year.
Economic Times

FIIs boost stakes in Vedanta, Hindalco, and 6 other BSE Metal index stocks in June quarterVedanta Share Price - 3 months ago
Market Expert VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, explains FII optimism in the quarter. According to him, FIIs were drawn to metal stocks due to their relatively lower valuations compared to the broader market trend. He notes that FII investment has been influenced by volatile metal prices.
Economic Times

Reliance Power shares tumble 10% in 2 days after Sebi ban on Anil AmbaniReliance Power Share Price - 3 months ago
Reliance Power Share Price: The stock of Reliance Power, controlled by Anil Ambani, dropped 10% in recent trading sessions following SEBI's decision to restrict Ambani from the securities market for fraud-related charges. Although Ambani resigned, Reliance Power clarified that the SEBI order does not impact its business operations.
Economic Times

Reliance Home Finance, Reliance Power skid 5% to hit lower circuit after Sebi ban on Anil AmbaniReliance Industries Share Price - 3 months ago
Stocks of Anil Ambani's companies, such as Reliance Home Finance and Reliance Power, plummeted as Sebi banned Ambani and others for fund diversion. Heavy penalties were also levied, leading to significant losses in their stock prices. Sebi's investigation revealed fraudulent activities, worsening the financial outlook of these firms.
Economic Times

Trent shares rally 2% on Nifty inclusion next monthTrent Share Price - 3 months ago
Trent Share Price: Tata's Trent shares rose 2% to Rs 7,090, hitting an all-time high, following its inclusion in the Nifty50 index. The stock is set for a $470 million inflow.
Economic Times

Value-for-money fashion spurs Trent's 129% surgeTrent Share Price - 3 months ago
The Tata Group company’s stock has risen 129% this year, ranking it No. 3 on the Bloomberg World Retail Index, on a winning strategy in affordable apparel. The gains may extend after news Friday that Trent will be included in India’s benchmark NSE Nifty 50 gauge next month.
Economic Times

NSE Indices Rejig: Key stock entries and exits in Nifty50, Nifty Next50, Nifty100 and Nifty BankUnion Bank of India Share Price - 3 months ago
The NSE Indices Committee revealed its September 2024 adjustments, impacting indices like Nifty 50, Next 50, Nifty 100, and Nifty Bank. Notable changes include Trent and Bharat Electronics joining Nifty 50, while Divis Labs and LTI Mindtree exit. These modifications will cause considerable inflows and outflows for the involved companies.
Economic Times

Wipro, Indian Hotels among 5 stocks with long buildup - 3 months ago
A long buildup occurs when open interest and trading volumes increase alongside a rise in the underlying stock price in the Futures and Options segment, signaling a bullish market trend. In Monday's trading session, five stocks saw fresh long positions. Here’s the list:
Economic Times

Interarch Building Products shares drop 7% post listingInterarch Building Products Share Price - 3 months ago
Shares of Interarch Building Products fell nearly 7% to Rs 1,203 on the BSE following a strong debut on Monday. The stock was initially listed at Rs 1,291.20 on the BSE, reflecting a 43.5% premium over the IPO price of Rs 900, and at Rs 1,299 on the NSE, marking a 44.3% premium.
Economic Times

Trent shares rally 2% on Nifty inclusion next monthZydus Lifesciences Share Price - 3 months ago
Tata's Trent shares rose 2% to Rs 7,090, hitting an all-time high, following its inclusion in the Nifty50 index. The stock is set for a $470 million inflow.
Economic Times

Zydus Lifesciences shares fall 6%, brokerages neutral on Sterling Biotech dealZydus Lifesciences Share Price - 3 months ago
Zydus Lifesciences Share Price: Zydus Lifesciences' shares fell 6% to Rs 1,109 after acquiring a 50% stake in Sterling Biotech for Rs 550 crore. Analysts maintain neutral ratings with target prices of Rs 1,020 and Rs 1,210.
Economic Times

Reliance Power shares tumble 8% in 2 days after SEBI restrictionReliance Power Share Price - 3 months ago
The stock of Reliance Power, controlled by Anil Ambani, dropped 9% in recent trading sessions following SEBI's decision to restrict Ambani from the securities market for fraud-related charges. Although Ambani resigned, Reliance Power clarified that the SEBI order does not impact its business operations.
Economic Times

SEPC shares skyrocket 27% in 2 days after receiving final acceptance certificate from Hutti Gold MinesSEPC Share Price - 3 months ago
Shares of SEPC have surged 27% in the last two trading sessions on the BSE, hitting a new all-time high of Rs 27.50 on Monday. This rise follows the company's announcement of receiving the final acceptance certificate from Hutti Gold Mines for a 2013 agreement.
Economic Times

As bulls push markets higher, Nifty50 stocks analysts suggest buying this week - 3 months ago
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
Economic Times

Dixon Tech, Amber Enterprises in EMS sector could give 13-19% return. Here’s whyDixon Technologies (India) Share Price - 3 months ago
India's electronic manufacturing sector had experienced substantial growth due to government measures like the PLI schemes. Companies such as Dixon Technologies and Amber Enterprises benefited from these initiatives, positioning themselves as key players. Further efforts were required to enhance component manufacturing and self-sufficiency.
Economic Times

Sensex gains 600 points; Nifty reclaims 25K as Powell's dovish remarks uplift investor moodWipro Share Price - 3 months ago
India's Sensex and Nifty50 indexes opened higher on Monday, bolstered by financial and IT stocks, after U.S. Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts due to reduced inflation risks and stable labor market conditions.
Economic Times

Unearthing underdogs! 23 multibagger smallcaps deliver consistent EPS growth over 4 quartersShakti Pumps (India) Share Price - 3 months ago
Smallcap stocks have displayed notable earnings growth as 23 companies, including Shakti Pumps and GE T&D, reported consistent EPS increases over four quarters. The sector's robust performance is expected to continue, driven by telecom, realty, and healthcare, despite high current valuations. Analysts predict strong growth with a CAGR potentially exceeding 20% for FY24-26.
Economic Times

Forcas Studio shares list at 90% premium on NSE SME platformV2 Retail Share Price - 3 months ago
Forcas Studio listed on the NSE SME platform at Rs 152, a 90% premium over its issue price of Rs 80. The IPO saw overwhelming interest with over 400 times subscription. The menswear company, which operates online and wholesales under brands like ‘FTX’ and ‘Tribe’, reported revenues of Rs 96.07 crore for FY24.
Economic Times

Stock Radar: 50% rally in 3 months! This capital goods stock hits a fresh record high in August; time to buy or book profits?Praj Industries Share Price - 3 months ago
Praj Industries Ltd, a capital goods stock, saw a 50% rise in three months before mild consolidation. Experts suggest potential for the stock to reach Rs 875, supported by bullish indicators such as Supertrend, RSI, and MACD. The stock found support above 650 levels, hinting at sustained upward momentum.
Economic Times

Interarch Building Products shares list at 44% premium over IPO priceInterarch Building Products Share Price - 3 months ago
Interarch Building Products' shares listed on the exchanges with a premium of 44.3% on Monday. The stock debuted at Rs 1,299 on the NSE and Rs 1,291.20 (43.5% premium) on the BSE, compared to an issue price of Rs 900 per share. Ahead of the listing, the shares were trading with a grey market premium (GMP) of 36% over the issue price.
Economic Times

Brace Port Logistics shares list at 90% premium over issue priceBrace Port Logistics Share Price - 3 months ago
Brace Port Logistics shares listed at Rs 152 on the NSE SME platform, 90% above the issue price of Rs 80. The IPO, a fresh equity issue of 30.5 lakh shares, was heavily oversubscribed. Funds raised will be used for warehouse upgrades, debt repayment, and general corporate purposes.
Economic Times

Sensex gains 500 points; Nifty nears 25K as Powell's dovish remarks uplift investor moodWipro Share Price - 3 months ago
India's Sensex and Nifty50 indexes opened higher on Monday, bolstered by financial and IT stocks, after U.S. Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts due to reduced inflation risks and stable labor market conditions.
Economic Times

Banking & IT stocks drive Sensex 500 points higher; Nifty nears 25,000 markWipro Share Price - 3 months ago
India's Sensex and Nifty50 indexes opened higher on Monday, bolstered by financial and IT stocks, after U.S. Federal Reserve Chair Jerome Powell hinted at upcoming rate cuts due to reduced inflation risks and stable labor market conditions. The BSE Sensex gained 252 points, while the Nifty50 climbed 67 points.
Economic Times

Zomato captains India Inc’s dream Team XI with over 1,000% profit growthZomato Share Price - 3 months ago
The June quarter saw Zomato and 10 other companies achieving over 1,000% profit growth. Zomato's profit skyrocketed 12,550% year-on-year. Other remarkable performers were Shakti Pumps and Lotus Chocolate. Experts advise focusing on growth outlooks rather than past profits when making investment decisions.
Economic Times