Suprajit Engineering announces Rs 112 crore share buyback. Check record dateSuprajit Engineering Share Price - 3 months ago
Suprajit Engineering revealed a buyback of shares worth Rs 112.5 crore, setting August 27 as the record date and a buyback price of Rs 750, signaling a significant premium. This led to a stock surge of 10.35%, reaching a new high of Rs 595. The buyback will involve 15,00,000 equity shares at the given price.
Economic Times

Sensex zooms 1,000 points: Cooling US inflation among 6 key factors behind the bull runTech Mahindra Share Price - 3 months ago
On Friday, Nifty and Sensex surged following U.S. economic data that eased recession fears. The BSE Sensex increased by 824 points and Nifty50 by 244 points. Cooling U.S. inflation and positive retail sales data boosted investor confidence, driving gains across sectors including technology and automotive.
Economic Times

HAL shares jump 3% on reporting 77% YoY rise in Q1 PAT. Should you invest?Hindustan Aeronautics Share Price - 3 months ago
Shares of Hindustan Aeronautics (HAL) rose 3% to Rs 4,787.70 on the BSE after reporting a consolidated net profit of Rs 1,437 crore for Q1 FY24, a 77% increase from Rs 814 crore a year ago. Revenue from operations also grew 11% YoY to Rs 4,347 crore, up from Rs 3,915 crore.
Economic Times

Does multibagger Nifty TRI triple wealth every decade? Here's the track record - 3 months ago
A compounding machine for long-term investors, Nifty50 TRI (Total Returns Index), which includes dividends reinvested, has an 80% chance of tripling investor wealth every 10-11 years, going by historical performance.Here's how Nifty50 TRI has multiplied wealth over the years. (Source: FundsIndia Research)
Economic Times

M&M shares rise 3% after Thar ROXX launch. Here’s what analysts say - 3 months ago
Shares of Mahindra & Mahindra increased by over 3% after launching the new Thar ROXX SUV, starting at ₹12.99 lakh. Analysts expect it to boost sales significantly, with Morgan Stanley and Nomura projecting high demand. Bookings begin on October 3, with test drives starting from September 14. The SUV is available in six variants.
Economic Times

HAL shares jump 3% on reporting 77% YoY rise in Q1 PAT. Should you invest?Hindustan Zinc Share Price - 3 months ago
Shares of Hindustan Aeronautics (HAL) rose 3% to Rs 4,787.70 on the BSE after reporting a consolidated net profit of Rs 1,437 crore for Q1 FY24, a 77% increase from Rs 814 crore a year ago. Revenue from operations also grew 11% YoY to Rs 4,347 crore, up from Rs 3,915 crore.
Economic Times

Ola Electric shares surge 16% after revenue jumps 32% YoY, motorcycle launch - 3 months ago
Ola Electric's shares surged 15.8% to Rs 128 on the BSE after reporting a 32% YoY revenue increase for Q1 FY25, reaching Rs 1,644 crore. The company also launched its Roadster electric motorcycle on August 15. Despite the revenue growth, the quarterly loss widened to Rs 347 crore from Rs 267 crore a year earlier.
Economic Times

Sensex zooms 800 points: Cooling US inflation among key factors behind the bull runTech Mahindra Share Price - 3 months ago
On Friday, Nifty and Sensex surged following U.S. economic data that eased recession fears. The BSE Sensex increased by 824 points and Nifty50 by 244 points. Cooling U.S. inflation and positive retail sales data boosted investor confidence, driving gains across sectors including technology and automotive.
Economic Times

Hindustan Zinc shares fall 8% as Vedanta OFS opens at discounted priceVedanta Share Price - 3 months ago
Shares of Hindustan Zinc (HZL) fell 7.8% to Rs 528 on the BSE on Friday after Vedanta’s offer for sale (OFS) opened at a discounted price of Rs 486. Vedanta is selling up to 3.31% of its stake, or 14 crore shares, from August 16-19. Vedanta's shares were trading 2% higher at Rs 430.
Economic Times

Stock Radar: 50% rally in 3 months! This pharma stock hits a fresh record high in August; time to buy or book profits?Natco Pharma Share Price - 3 months ago
Natco Pharma Ltd experienced a significant 50% increase in its stock price over the past three months, hitting record highs in August 2024. Analysts believe the upward trend will continue, advising traders to purchase with a target above Rs 1,600. Technical data indicate strong momentum, but experts recommend a stop loss at Rs 1,310.
Economic Times

​Aesthetik Engineers shares list at 90% premium on NSE SME platformAesthetik Engineers Share Price - 3 months ago
Aesthetik Engineers' shares listed at a 90% premium on the NSE SME platform, opening at Rs 110.2 versus the issue price of Rs 58. The IPO, oversubscribed by 700 times, will fund working capital and corporate needs. Aesthetik Engineers specializes in facade systems, recording Rs 60 crore in revenues for March 2024.
Economic Times

Sensex surges 800 pts, Nifty above 24,400 as global markets cheer fading recession fearsTech Mahindra Share Price - 3 months ago
The BSE Sensex was trading 824 points higher at 79,930. The Nifty50 was up 244 points trading at 24,388 around 9:30 am.
Economic Times

Hot stocks: Brokerage view on Zomato, Ola Electric, M&M and HALZomato Share Price - 3 months ago
Morgan Stanley has maintained an overweight rating on Zomato with a target price of Rs 278. Recent news indicates growing competitive intensity in the quick commerce sector, which underscores the increasing significance of the QC channel. While Morgan Stanley acknowledges that this heightened competition could impact profitability, they view maintaining market leadership as crucial, even if it requires delaying profitability.
Economic Times

FII selloff hits Rs 30,000 crore since Budget but why aren't alarm bells ringing?Geojit Financial Services Share Price - 3 months ago
FIIs have sold Indian stocks worth Rs 30,000 crore since the Budget due to high valuations and global economic concerns. Despite the sell-off, Indian markets remained resilient due to strong domestic investor support. Analysts expect FII behavior to improve by November as key global economic conditions stabilize.
Economic Times

Ola electric might be the face: There is more to EV ecosystem: 7 stocks that may not come at the “first thought” but gain equally from EV - 3 months ago
Whether we accept it or not, a number of times we assume the company’s business by its name. For example Bajaj Auto is an auto company, which is very obvious. This is what is called as “ first thought” Similarly when it comes to electric vehicles (EV), it is but natural to think that auto ancillary which are supplying to EV OEMs would be the biggest gainer as the structural change takes place. The fact is that in the case of EV, the most critical part is battery, that is why even Ola electric is focussing on it with its Bharat 4680. Now let's go back even further. What is going to power the batteries which are going to power EV. There are companies which are focussing on being critical to the battery ecosystem by supplying what will go into making of EV batteries which is critical to the EV eco system. So, there is a chain, which starts from the most non obvious company to end at the most obvious which is ola electric and other auto companies. Let's look at the most non obvious one.
Economic Times

Financial Services are two words: Short term headwinds, long term opportunity: Basket of Reco, 9 “hold”, 19 “Strong Buy & Buy” & 2 NOTA - 3 months ago
Without exception when markets are volatile, one sector which is bound to face pressure is financial services. Some because their business faces headwinds, some because they are over owned by FII and FPI. However in the long term they all are winners. 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.
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Reliance Industries among 4 stocks to trade ex-dividend on Monday; last date to buy for eligibilityReliance Industries Share Price - 3 months ago
Reliance Industries and three other companies identified August 19 as the key date for determining eligibility for dividend payments. The dividends include Rs 10 per Reliance share, payable within a week after their AGM. Investors need to purchase shares before this date to qualify for any declared dividends by these corporations.
Economic Times

Daily Trading Desk: 5-8% short-term gains in swing trade in these bluechip and finance stocksITC Share Price - 3 months ago
Volatile markets also have short term trading opportunities in mid and large cap space.
Economic Times

Weekly Top Mid & Small cap Picks: These stocks scored 10 on 10 on Stock Reports Plus - 3 months ago
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
Economic Times

US stocks end higher as retail sales soothe slowdown fears - 3 months ago
Wall Street's main indices ended higher, buoyed by strong July retail sales which alleviated recession fears. Significant gains were seen in stocks like Walmart, Target, and Costco. Unemployment claims unexpectedly decreased, boosting market sentiment. Investors are closely watching upcoming Fed announcements and Powell's Jackson Hole speech. The S&P 500 and Nasdaq posted several new highs.
Economic Times

Big movers on D-Street: What should investors do with Tata Steel, NMDC and Coal India?Tata Steel Share Price - 3 months ago
Domestic equities ended their two-day losing streak on Wednesday, driven by strong US markets on prospects of a Fed rate cut. Highlighted stocks were Tata Steel, NMDC, and Coal India—all experienced drops. Analyst Riyank Arora provided recommendations for these stocks' trading strategies when the market reopens.
Economic Times

Nike shares jump as Ackman's return sparks turnaround hopes - 3 months ago
Nike shares increased by nearly 4% with investor optimism over billionaire William Ackman's renewed stake of 0.19%. Ackman, who has a history of successful turnarounds, hasn't disclosed his plans yet. The sportswear giant faces strategy errors and competition, with some analysts speculating Ackman might seek deeper involvement in management changes.
Economic Times

Wall St rises as CPI ‘checks the box’ for Fed cuts - 3 months ago
Stocks rose after the latest US inflation report, implying the Federal Reserve may begin cutting rates in September. The S&P 500 extended its gains for the fifth consecutive day, driven by financial and energy stocks. Analysts expect the Fed's rate cut decision to hinge on forthcoming economic data, particularly labor market trends.
Economic Times

Fund Managers pick cement, power, niche growth playsTata Power Company Share Price - 3 months ago
In July, fund managers turned cautious as the Nifty 50 crossed 25,000 and mutual fund inflows remained strong. They focused on large-cap stocks in sectors such as infrastructure, cement, and power, choosing companies with reasonable valuations and growth potential. Significant cement acquisitions led to a favorable outlook for stocks like ACC.
Economic Times

Japanese stocks head for best week in 4 years as receding growth fears lift markets - 3 months ago
Asian stocks, including Japan's Nikkei, saw significant weekly gains as Wall Street's upbeat mood spread globally. Positive U.S. economic indicators reduced recession concerns and tempered expectations for aggressive Federal Reserve rate cuts. Favorable retail sales and jobless claims data contributed to the positive market sentiment, resulting in overall gains.
Economic Times

Indexes end higher as retail sales soothe slowdown fears - 3 months ago
Wall Street's main indices ended higher, buoyed by strong July retail sales which alleviated recession fears. Significant gains were seen in stocks like Walmart, Target, and Costco. Unemployment claims unexpectedly decreased, boosting market sentiment. Investors are closely watching upcoming Fed announcements and Powell's Jackson Hole speech. The S&P 500 and Nasdaq posted several new highs.
Economic Times

Sentiment sours on growth, turns to FMCG for a bounceUnited Breweries Share Price - 3 months ago
Investors recently leaned towards FMCG and consumption-related stocks due to global instability. Analysts noted the sector's appeal amid high valuations elsewhere, although limited short-term gains are expected. Stocks such as Godrej Consumer and Dabur are predicted to deliver moderate returns, with long-term holding recommended for current investors.
Economic Times

Money-making ideas! Strong stocks likely to return up to 50%Lemon Tree Hotels Share Price - 3 months ago
Analysts tracked about 400 stocks and identified 54 that could potentially deliver returns of between 20% and 50% over the next 12 months. This includes stocks like DCB Bank and Lemon Tree Hotels, which analysts believe are poised for significant growth despite their earlier mixed performances and the recent market corrections.
Economic Times

GIFT Nifty jumps over 150 points; here's the trading setup for today's sessionSun TV Network Share Price - 3 months ago
Equity markets edged up marginally on Wednesday, with analysts predicting continued consolidation influenced by global cues. Gift Nifty indicated a positive opening, while many stocks faced F&O restrictions. FIIs sold shares, whereas DIIs bought. Oil prices fell slightly on positive U.S. economic data, and the rupee appreciated marginally against the dollar.
Economic Times

Stocks in news: Ola Electric, Hindustan Zinc, SpiceJet, SBI, Glenmark PharmaSpiceJet Share Price - 3 months ago
Stocks in news: The domestic markets closed flat on Wednesday. Hindustan Zinc set a floor price of Rs 486 for its offer for sale. SpiceJet’s net profit fell by 20%. Ola Electric posted a wider net loss. Karnataka suspended dealings with SBI and PNB. Glenmark Pharma reported a Q1 net profit of Rs 340 crore.
Economic Times

Asian equities rally as US recession fears fade: Markets wrap - 3 months ago
Asian markets saw gains on Friday after positive US employment and spending data eased recession worries. Japan, Australia, and South Korea benefited from improved US retail sales and lower jobless claims. US stock indices, including the S&P 500, continued their upward trend. Analysts believe this reflects reduced fears of a recession, aided by potential Federal Reserve rate cuts.
Economic Times

Stock Radar: Contra Buy? Sterling & Wilson forms Bullish Flag after nearly 20% fall from highs - 3 months ago
Sterling & Wilson Renewable Energy has seen a 19.3% drop from its May 2024 peak. But now it is showing signs of recovery. Experts suggest high-risk traders consider the stock for potential rebounds. The stock has formed a bullish Flag pattern, which might lead to an increase towards 700-750 levels in the upcoming weeks.
Economic Times

One reason is good to own them: 5 largecaps from different sectors with upside potential of up to 31% - 3 months ago
First because the Yen carry trade unwinding and then because of domestic news flow around allegations and counter allegations, markets have been once again witnessing a phase of volatility. What is leading to volatility ? It is more due to profit booking than any kind of basket selling. Will it continue or not ? The probability is high that it might continue. Because the way the market is reacting to Q1 results it is clearly making a clear distinction between meeting the expectation and not meeting the expectation. Now whether one can turn volatility into an opportunity depends on what stocks one is buying. Because if one is buying stocks which are quoting at price earning multiple of 100 just because at this point of time that sector or theme is flavor of the street, then volatility might have more impact, compared to large cap stocks where there is strong reason why growth is bound to come in business.
Economic Times

Focus on large deals, AI crucial for Sonata amid short term hiccupsSonata Software Share Price - 3 months ago
Sonata provides solutions to modernise the technology infrastructure used by clients across verticals including banking, financial services and insurance (BFSI), healthcare, retail, manufacturing, travel, media and telecom around the world. For the international business, the company has a high client concentration with top 10 customers contributing half of the segment revenue.
Economic Times

US stocks open higher on retail sales boost - 3 months ago
The Dow Jones Industrial Average rose 287.3 points, or 0.72%, at the open to 40295.74
Economic Times

One simple reason to own & trade them: 5 largecaps from different sectors with upside potential of up to 31% - 3 months ago
First because the Yen carry trade unwinding and then because of domestic news flow around allegations and counter allegations, markets have been once again witnessing a phase of volatility. What is leading to volatility ? It is more due to profit booking than any kind of basket selling. Will it continue or not ? The probability is high that it might continue. Because the way the market is reacting to Q1 results it is clearly making a clear distinction between meeting the expectation and not meeting the expectation. Now whether one can turn volatility into an opportunity depends on what stocks one is buying. Because if one is buying stocks which are quoting at price earning multiple of 100 just because at this point of time that sector or theme is flavor of the street, then volatility might have more impact, compared to large cap stocks where there is strong reason why growth is bound to come in business.
Economic Times

Hindustan Zinc plans special dividend payment of Rs 8,000 cr to shareholdersVedanta Share Price - 3 months ago
Hindustan Zinc Ltd (HZL), part of the Vedanta group, planned a special dividend payout of Rs 8,000 crore this fiscal, potentially benefitting the Centre with Rs 2,400 crore. The move followed National Company Law Tribunal's approval to reallocate Rs 10,383 crore from general reserves to retained earnings. HZL's board anticipated meeting to finalize the dividend.
Economic Times

Market Trading Guide: Infosys, HCL Tech among 8 stock recommendations for Friday - 3 months ago
Indian benchmark equity indices closed marginally higher on Wednesday, as broad-based profit booking offset gains in IT stocks. The S&P BSE Sensex rose by 0.19% to close at 79,105, while the NSE Nifty50 ended above the 24,100 level."The overall trend is likely to remain weak, as the index continues to trade below the initial resistance level of 24,250. Additionally, the index has been sustaining below the middle Bollinger Band, confirming a weak near-term trend. This weakness might push the index towards 23,900/23,700. On the higher end, resistance is expected at 24,250/24,500," said Rupak De of LKP Securities.Here are 8 stock recommendations for Friday:
Economic Times

The Shape of Risk: Always present, always changing - 3 months ago
As circumstances shift and new challenges emerge, so do the associated risks. The landscape of risk is dynamic, requiring continuous assessment, adaptation, and mitigation strategies. Rather than disappearing, risk transforms, demanding ongoing vigilance and strategic foresight
Economic Times

Technical Breakout Stocks: How to trade PB Fintech, V-Guard and Ajanta Pharma on Friday - 3 months ago
The Indian market ended its 2-day losing streak to close in the green on Wednesday, following positive global cues.The Indian market will be closed on Thursday due to a public holiday. The S&P BSE Sensex rose by nearly 150 points, while the Nifty50 remained flat at 24,143.
Economic Times

How mid and smallcaps have performed in the last 15 years - 3 months ago
The BSE small and midcap indices have demonstrated significant growth on a year-on-year basis, rewarding investors in these segments well. The BSE smallcap index remained in a consolidated phase from its inception in 2006 for 10 years, after which it broke out and soared to new highs. Similarly, the BSE midcap index was also in a consolidation phase from 2006 to 2014, after which it began its upward trajectory.A report by FundsIndia details the returns of small and midcap companies over the last 15 years:
Economic Times

Volatile phases come and go, structural tailwinds are a stronger play: 5 Indian pharma stocks with upside potential of up to 35% - 3 months ago
There are some sectors which have witnessed something which can be called “second inning”. Which is that in the last two decades, they did very well at one point of time, then faced tons of challenges both at the business level and street and now are making a comeback. Now this comeback has a higher probability of sustaining because it is after experience of one simple thing, what a pharma company should not do when it comes to the regulatory aspect of business. Also more efficient utilisation of capital and thinking long term when it comes to moving to different markets. If the market turns volatile even more, will these stocks not correct, will the pharma not correct, but there is high probability of the out performing in terms of lesser draw down. The only risk which is company specific risk is if the company has an issue with regulator USFDA. But then nothing comes without risk in equity markets.
Economic Times

Investment Advisers, Research Analysts should disclose AI tool usage to clients: Sebi - 3 months ago
Sebi suggested that investment advisers and research analysts using AI tools provide clear disclosure to clients about their usage. Strong security measures were emphasized to prevent unintended data leaks. The responsibility for data security lies with advisers, ensuring clients are well-informed about how AI impacts their investment decisions.
Economic Times

Indian investors value sustainability but struggle to access trustworthy data: Deloitte - 3 months ago
Deloitte and The Fletcher School found that more than 90% of Indian institutional investors consider sustainability data crucial for due diligence. Challenges include inconsistent ESG ratings and high costs. The report recommends improved reporting standards and third-party assurances to build trust, as client pressure to incorporate ESG strategies intensifies.
Economic Times

How Indian stock market has evolved since IndependenceReliance Industries Share Price - 3 months ago
The Indian stock market has experienced remarkable growth, starting in the 1800s and evolving through key developments like the launch of the BSE, the entry of retail investors, and regulatory reforms. Today, technological advancements and an expanding investor base have positioned it among the world’s top five markets by market capitalization.
Economic Times

Adani Green, Mamaearth among 7 stocks on which brokerages initiated coverage, expected upside up to 45% - 3 months ago
A host of brokerage firms, including global and domestic, have initiated coverage on several stocks. They are bullish on these companies, which include Adani Green Energy, Mamaearth, Signature Global, and Prestige Estates Projects, with a targeted upside of up to 45%. Here is a list of 7 stocks on which brokerages initiated coverage:
Economic Times

How Indian stock market has evolved since Independence?Reliance Industries Share Price - 3 months ago
The Indian stock market has experienced remarkable growth, starting in the 1800s and evolving through key developments like the launch of the BSE, the entry of retail investors, and regulatory reforms. Today, technological advancements and an expanding investor base have positioned it among the world’s top five markets by market capitalization.
Economic Times

Margin trading in Japanese stocks sharply shrinks after market rout - 3 months ago
Margin trading in Japan saw a sharp decline amid a steep drop in the Nikkei index, which experienced its biggest fall in nearly 40 years. The total value of shares bought on margin fell by 907 billion yen, indicating that retail investors were forced to sell their stocks due to margin calls, impacting market activity.
Economic Times

Vedanta to sell 3.31% stake in Hindustan ZincVedanta Share Price - 3 months ago
Vedanta announced it will offload up to 3.31% stake in Hindustan Zinc, totaling 140 million shares, at a floor price of ₹486 per share. The offer-for-sale will be conducted on Friday and Monday. Proceeds will be used for growth and optimizing the capital structure, according to the exchange filing.
Economic Times

Rate swap traders bet on 50 bps cut in February on global dovish tiltPNB Gilts Share Price - 3 months ago
Swap traders forecast a 50 basis-point cut in Indian borrowing costs beginning February 2025, due to a global shift towards softer monetary policies. The one-year Overnight Indexed Swap (OIS) rate has fallen, suggesting a policy easing cycle. Expected rate cuts by the US Federal Reserve are influencing this prediction.
Economic Times