Hindalco, Coal India among 4 metal & mining stock picks with up to 21% upside: Axis Securities - 3 months ago
Brokerage firm Axis Securities has identified select metal and mining stocks with potential gains of up to 21%. The firm’s top picks include Hindalco, Coal India, APL Apollo Tubes, and JTL Industries. Here's a list:
Economic Times

Zee, Ujjivan SFB among 300 smallcaps that have dropped Up to 70% in 2024 so far. What lies aheadZee Media Corporation Share Price - 3 months ago
In 2024, smallcap stocks have generally outperformed mid and largecaps, but 278 stocks have lagged behind the S&P BSE Smallcap Index, with share prices dropping by up to 70%. The hardest hit include penny stocks Sanmit Infra, MK Proteins, and Cressanda Solutions, which have seen declines between 51% and 69%, with current prices around Rs 12, Rs 10, and Rs 15, respectively.
Economic Times

Ashish Kacholia portfolio stock skyrockets 20% on Bangalore expansionAwfis Space Solutions Ltd Share Price - 3 months ago
The company has strategically positioned their new workspaces in prime locations. Awfis Mantri Commerce is located in BTM Layout, and Awfis Vista Pixel is in North Bengaluru, both offering excellent connectivity to major business districts. Additionally, these sites are conveniently close to malls, entertainment hubs, and essential social infrastructure.
Economic Times

These 11 stocks from auto sector ecosystem can give 18-40% returns in 1 year, according to analysts - 3 months ago
There have been some reports which have been hinting that inventory level in the auto sector might be hitting higher levels. One of the reasons could be the fact that some build up is taking place due to the forthcoming festive season. What needs to be watched is whether the discounts which are given in the festive season see any sharp rise in the coming two months. If not then probably this inventory issue is a short term one. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Economic Times

Aarti Drugs shares zoom 13% as company mulls share buybackAarti Drugs Share Price - 3 months ago
Aarti Drugs' shares saw a 13% rise on the BSE following the company’s announcement of a potential share buyback, to be discussed on August 26, 2024. Historically, the company has completed five buybacks since 2016. Despite a year of minimal gains, its stock price increased by 10% over the last month.
Economic Times

These 11 stocks from auto sector ecosystem can give 18-40 % returns in 1 year, according to analysts - 3 months ago
There have been some reports which have been hinting that inventory level in the auto sector might be hitting higher levels. One of the reasons could be the fact that some build up is taking place due to the forthcoming festive season. What needs to be watched is whether the discounts which are given in the festive season see any sharp rise in the coming two months. If not then probably this inventory issue is a short term one. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.
Economic Times

Brace Port Logistics IPO allotment: Check status, GMP, listing date & other details - 3 months ago
Brace Port Logistics IPO: Brace Port Logistics finalized its IPO share allotment after a highly successful subscription process. The IPO, consisting of new equity, attracted massive demand. Investors could verify their allotment status online. The company's shares were projected to list at a substantial premium. Funds raised will support working capital and corporate initiatives.
Economic Times

Transport Corporation to consider share buyback, shares skyrocket 20%Transport Corporation of India Share Price - 3 months ago
Transport Corporation of India revealed plans to consider a share buyback for the first time in its board meeting on August 24. Consequently, the stock soared 20% to a record high. Over the past year, the company's shares have shown robust growth, reflecting strong market performance.
Economic Times

Ola Electric shares slip 7% as profit-taking hits stock - 3 months ago
Ola Electric Mobility's stock declined by 7% to Rs 128.2 due to profit booking. The company saw a 32% rise in revenue but also a larger net loss in Q1 FY25.
Economic Times

Kalyan Jewellers shares jump over 7% as promoters likely acquire a Rs 1,300 crore stake - 3 months ago
Kalyan Jewellers' shares surged 7.5% following the reported acquisition of a Rs 1,300 crore stake by promoter Trikkur Sitarama Iyer Kalyanaraman from Highdell Investment. The exact value of the transaction is not yet known, but a significant portion was acquired by the promoter through 5 block deals.
Economic Times

IREDA shares jump 9% on Rs 4,500 crore fundraising plan - 3 months ago
IREDA Share Price: IREDA's shares jumped nearly 9% following news that its board would discuss raising Rs 4,500 crore through multiple funding options. The stock has surged 700% since its November 2023 listing. In the recent quarter, the company reported substantial increases in revenue, profit, and loan book size, reflecting robust financial performance.
Economic Times

Shyam Metalics shares rally 11% as UBS initiates coverage, projects 57% upsideShyam Metalics and Energy Share Price - 3 months ago
Shyam Metalics Share Price: Shares of Shyam Metalics and Energy surged 11% to a record high as UBS set a target price of Rs 1,200, highlighting a significant upside. The company's shift to value-added products and strong earnings growth were noted. Recent results showed a 37% increase in profit and 8.4% revenue growth.
Economic Times

Stock Radar: CG Power sees profit taking after hitting record high in July; should you buy after recent drop? - 3 months ago
CG Power & Industrial Solutions Ltd displayed recovery signs following a record high in July 2024. Although it dipped over 6%, the stock found support above Rs 650 levels and remained bullish. Analysts forecast a target of Rs 850 and recommend a stop loss at Rs 650.
Economic Times

Kotak Mahindra Bank, Adani Enterprises among 10 largecap stocks where FIIs reduced exposure in Q1 - 3 months ago
A Foreign Institutional Investor (FII) is an individual or entity that invests in markets outside its home country. According to StockEdge data, here is a list of 10 large-cap stocks from the Nifty200 index where FIIs reduced their stake in Q1:
Economic Times

Zomato surges 3% on Paytm’s ticketing business acquisition, brokerages predict 29% upsideZomato Share Price - 3 months ago
Zomato’s shares rose 3% after acquiring Paytm’s ticketing business, marking its entry into event and travel booking sectors. Analysts are optimistic, with target prices up to Rs 335. The board approved a deal with One 97 Communications, WEPL, and OTPL for this acquisition on Wednesday.
Economic Times

Are Indians really breaking bank deposits to buy mutual funds? Let's run a statistical testBank of Baroda Share Price - 3 months ago
An analysis by Bank of Baroda economist Dipanwita Mazumdar explores the correlation between Indian households shifting savings from bank deposits to mutual funds using Granger causality test and Cointegration regression. Despite growing mutual funds, both have increased at different rates. The share of bank deposits in household financial savings fell to 29.4%, while mutual funds rose to 6%.
Economic Times

Hot stocks: Brokerage view on Shyam Metalics, IndiGo, Vedanta, Zomato and Paytm - 3 months ago
Brokerage firms have issued diverse stock recommendations: UBS endorsed Shyam Metalics as a buy, Jefferies upgraded IndiGo and Zomato to buy, CLSA maintained Vedanta at outperform, and Citi kept a sell rating on Paytm but increased its target price. The firms pointed to strong growth prospects and strategic moves influencing their ratings.
Economic Times

Banks, financial stocks suffer Rs 15,000 crore shock from FIIs. Should you go against the wind?State Bank of India Share Price - 3 months ago
In the first half of August, foreign institutional investors withdrew Rs 14,790 crore from financial stocks due to concerns about Fed rate cuts. They invested in healthcare, FMCG, and consumer services instead. Experts suggest these financial stocks now offer good value, with larger banks like ICICI, Axis, and SBI being top picks for stable returns.
Economic Times

Sensex jumps 200 points, Nifty above 24,800 as US Fed minutes boost rate cut hopesZomato Share Price - 3 months ago
Sensex and Nifty opened on a positive note Thursday, bolstered by Federal Reserve meeting minutes suggesting a likely rate cut. Companies such as Infosys and Tata Steel saw gains, while others like Power Grid declined. Paytm's shares jumped over 5% after Zomato agreed to acquire its entertainment and ticketing business.
Economic Times

Paytm shares rally over 5% as brokerages raise target price on Zomato dealZomato Share Price - 3 months ago
Shares of One 97 Communications (Paytm) surged 5.5% to Rs 604.45 on the BSE after brokerages raised their target prices following the sale of its entertainment business to Zomato. CLSA upgraded its target to Rs 530, while Citi increased its target to Rs 440, keeping a "Sell" rating.
Economic Times

Hot stocks: Brokerage view on Shyam Metalics, IndiGo,Vedanta, Zomato and Paytm - 3 months ago
Brokerage firms have issued diverse stock recommendations: UBS endorsed Shyam Metalics as a buy, Jefferies upgraded IndiGo and Zomato to buy, CLSA maintained Vedanta at outperform, and Citi kept a sell rating on Paytm but increased its target price. The firms pointed to strong growth prospects and strategic moves influencing their ratings.
Economic Times

ABB India, KFin Tech among 35 stocks to trade ex-dividend tomorrow. Do you own any?ABB India Share Price - 3 months ago
Dividends are paid to shareholders who are listed in the company’s records on the record date. To qualify for the dividend, you must purchase shares at least one day before the ex-date, as transactions settle the following day. Shares bought on the ex-date itself will not be eligible for dividends.
Economic Times

Not in vogue today, but management knows business: 5 largecap stocks from different sectors with upside potential of up to 39% - 3 months ago
As the bulls move from state of control to absolute control of the street, there are a couple of things which one needs to remember. One of the things which they throw out of the window is the “sense of risk”. It is this risk which needs to be given due importance in such time because even in raging bulls markets, there are periods of correction which come unannounced. We are not saying that a correction will come any time soon but no one can rule out volatility given the fact that what the US Fed does is still not clear. But given the fact that valuations are still high, it would be better that one should be more cautiously bullish and more selective when putting in fresh money into stocks.
Economic Times

Last chance to buy for eligibility! Record date for CDSL's 1:1 bonus issue is Friday. Details hereCentral Depository Services (India) Share Price - 3 months ago
CDSL revealed a 1:1 bonus share issue for eligible shareholders, with the record date set for August 24, 2024. Because August 24 is a Saturday, August 23 was determined to be the ex-date, making it the deadline for buying shares to qualify for the bonus.
Economic Times

ONGC, IRCTC to trade ex-dividend on Friday; last chance to buy todayOil And Natural Gas Corporation Share Price - 3 months ago
Shares of ONGC and IRCTC were in focus as both companies announced dividend payouts, setting August 23 as the record date. IRCTC declared Rs 4 per share, and ONGC offered Rs 2.5 per share. This highlights the companies' commitment to rewarding shareholders consistently.
Economic Times

Big movers on D-Street: What should investors do with ICICI Securities, Reliance Power and Nykaa?Reliance Power Share Price - 3 months ago
The equity indices rose on Wednesday, buoyed by FMCG, consumer durables, and healthcare sectors with strong domestic institutional support. ICICI Securities dropped 7.52%, while Reliance Power climbed 5% and Nykaa soared 9.65%. Analysts suggest focusing on key support and resistance levels for these stocks to harness potential gains.
Economic Times

LIC Housing Finance’s near-term outlook a challengeLife Insurance Corporation of India Share Price - 3 months ago
LIC Housing Finance saw a 9% decline in its stock in August after a weaker-than-expected June quarter. The company's net interest income dropped by 10% year-on-year, and net profit decreased by 2%. Analysts have downgraded the FY25/26 earnings per share by 2-4%, indicating challenges ahead.
Economic Times

Ola Electric surges over 80% since August 9 listingZomato Share Price - 3 months ago
Ola Electric Mobility's shares experienced an 82% increase since their August 9 market debut. Initially listed at ₹76, the stock rose to ₹157.4, driven by new vehicle introductions and institutional buying. Though analysts were skeptical, the long-term growth prospects have kept the stock buoyant.
Economic Times

FPIs sell off big in financial services sector in August - 3 months ago
In early August, foreign investors sold ₹14,790 crore worth of shares in financial services, the highest among all sectors. Key reasons included merger issues and benchmark changes. Other sectors like metals & mining and construction materials saw significant sell-offs. However, there were inflows totaling ₹9,819 crore across eight sectors in the same period.
Economic Times

Fed steaming toward September rate cut, minutes from meeting show - 3 months ago
The Federal Reserve signaled a potential interest rate cut in September following a significant majority of officials supporting such a move at the July meeting. With increasing unemployment and easing inflation, financial markets anticipate a series of rate cuts. The decision may be finalized depending on incoming economic data and job market performance.
Economic Times

Wall St ends higher as Fed minutes, jobs data firm rate-cut hopes - 3 months ago
On Wednesday, U.S. stocks saw modest gains as investors reacted to a major payroll data revision and awaited minutes from the latest Federal Reserve meeting. The Fed is likely to cut rates in September. Stocks of Target and TJX increased due to strong forecasts, while Macy's shares fell after lowering its sales forecast.
Economic Times

Most Fed officials favour a rate cut in September if inflation continues to cool - 3 months ago
Federal Reserve officials leaned towards reducing the benchmark interest rate in September, assuming inflation keeps declining. Minutes from the July meeting indicated likely policy easing, with Chair Jerome Powell expected to provide more details in an upcoming speech. Recent economic data presents a mixed picture, affecting trader expectations and economic sentiment.
Economic Times

Sebi board likely to have new faces as Anshuman, Govil exitState Bank of India Share Price - 3 months ago
Sebi's board saw changes with V Ravi Anshuman and Manoj Govil exiting, the latter being replaced by Deepti Gaur Mukerjee. Also, Sebi's chief, Madhabi Puri Buch, faced allegations linked to the Adani Group by Hindenburg Research. The board will soon discuss these allegations at an upcoming meeting.
Economic Times

SBI Life hits fresh record high in August; time to buy or book profits? - 3 months ago
“SBI Life Insurance stock has been forming a ‘Higher Top Higher bottom’ formation and is thus in an uptrend. Traders can buy for a target of Rs 1840 in the next 3-4 weeks,” Ruchit Jain, Lead Research, 5paisa.com, said.Thumbnail: ‘Higher Top Higher bottom’ Formation
Economic Times

Asian equities climb ahead of central bank events: Markets wrap - 3 months ago
Asian stocks saw a rise as markets anticipated key announcements from the Federal Reserve and Bank of Japan. The MSCI Asia Pacific Index increased by 0.2%, with gains observed in Japan, Australia, and South Korea. Fed minutes suggested a potential rate cut, and China launched an anti-subsidy probe into EU dairy imports, escalating trade tensions.
Economic Times

Stocks in news: Zomato, Paytm, Zen Technologies, Coal India, IREDA, Alkem LabsZomato Share Price - 3 months ago
Markets increased on Wednesday. Zomato approved a deal with Paytm. Coal India pursued lithium acquisitions. Zen Technologies launched a QIP. BEML signed an MoU with the Indian Navy. IREDA considered raising funds. Welspun Enterprises, Alkem Laboratories, India Grid Trust, and Cyient also saw notable activities.
Economic Times

Stock Radar: 20% rally in 3 months! This life insurance stock hit fresh record high in August; time to buy?SBI Life Insurance Company Share Price - 3 months ago
SBI Life Insurance Company experienced a 20% surge in the last three months, hitting a record high in early August before declining. Experts indicate the stock may continue its uptrend. Short-term traders should consider buying at Rs 1,750-1,730, with price targets of Rs 1,840-1,900 and a stop loss below Rs 1,660.
Economic Times

Morgan Stanley buys a piece of Cyient DLM as promoter Cyient trims stake in Rs 879-crore bulk dealCyient DLM Share Price - 3 months ago
Cyient Ltd sold 14.5% of its subsidiary Cyient DLM, raising Rs 879 crore. Major investors like Morgan Stanley and HDFC Mutual Fund acquired the stake. Funds raised will support the semiconductor business and debt repayment.
Economic Times

KKR to offload 17% stake in InvIT Indigrid - 3 months ago
U.S. private equity firm KKR's affiliate, Esoteric, will sell a 17.3% stake in India Grid Trust (IndiGrid) for $213.6 million, the Indian investment firm said on Wednesday.
Economic Times

Zomato approves acquisition of Paytm's entertainment ticketing businessZomato Share Price - 3 months ago
One 97 Communications is selling its movie and events ticketing businesses to Zomato. This will be done by first transferring these businesses to its subsidiaries OTPL and WEPL, and then Zomato will acquire these subsidiaries, making them its own.
Economic Times

S&P 500, Nasdaq edge up after payrolls revisions; Fed minutes in focus - 3 months ago
The S&P 500 and Nasdaq edged up after a revision in U.S. payrolls data. Investors awaited minutes from the Federal Reserve's meeting amid speculations of a rate cut. Financial markets had a mixed response, with gains for consumer staples and declines for certain tech and retail stocks, including Macy's and Chinese e-commerce.
Economic Times

Paytm parent One 97 Communications to hold its 24th AGM on September 12One97 Communications Share Price - 3 months ago
The company also released its annual report for the financial year 2023-24 on Wednesday.
Economic Times

ZEN Technologies launches QIP at floor price of Rs 1,685.18/shareZen Technologies Share Price - 3 months ago
Zen Technologies launched its Qualified Institutional Placement today, with a floor price of Rs 1,685.18 per share. This is a 6% discount on the closing price of Rs 1,782.95. The reported issue size stands at Rs 800 crore. The company's board had earlier approved a fund-raising plan of up to Rs 1,000 crore.
Economic Times

Target raises 2024 profit forecast after price cuts boost quarterly sales, shares up 16% - 3 months ago
Target raised its full-year profit forecast on Wednesday and reported its first increase in quarterly comparable sales in over a year, driven by price cuts that attracted more shoppers to its stores.
Economic Times

IREDA board to consider Rs 4,500 crore fundraise proposal on August 29 - 3 months ago
IREDA plans to raise Rs 4,500 crore through an FPO or other means such as QIP, rights issue, or preferential issue, with the board meeting scheduled for August 29. Since its listing in November 2023, the stock has surged by 700%. IREDA reported a 30% increase in net profit for Q1, along with significant growth in loans and assets.
Economic Times

Market Trading Guide: SBI Life, Chambal Fertilisers among 5 stock recommendations for Thursday - 3 months ago
Indian equity markets ended Wednesday with small gains led by consumer stocks, while a drop in financials weighed on benchmark indices. The S&P BSE Sensex closed 0.13% higher at 80,905, while the NSE Nifty50 index ended just above the 24,750 level."The short term trend of Nifty continues to be positive with range bound action. The market is now set to challenge another opening down gap resistance of 2nd August around 24960. Hence, one may expect Nifty to move towards 24960 and 25100 levels in the next one week. Immediate support is placed at 24650 levels," said Nagaraj Shetti of HDFC Securities.Here are 5 stock recommendations for Thursday:
Economic Times

US stocks open slightly higher with payrolls revisions, Fed minutes on tap - 3 months ago
Wall Street's main indexes opened marginally higher on Wednesday, as investors awaited the release of the updated U.S. payrolls data and the minutes from the Federal Reserve's July policy meeting.
Economic Times

National Aluminium, Birlasoft among 4 stocks with long unwinding - 3 months ago
Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Wednesday's trading session, four stocks witnessed a long unwinding. Here's the list:
Economic Times

IREDA board to consider raising up to Rs 4,500 cr next week - 3 months ago
The Indian Renewable Energy Development Agency Ltd (IREDA) on Wednesday said its board will consider a proposal to raise up to Rs 4,500 crore through issuance of shares in its meeting on August 29.
Economic Times