The perception is that if there is recovery in the rural economy, the FMCG sector would be the biggest gainer. Yes, it would be one of the gainers. But a bank or financial services company along with a power company would also see an impact when the rural economy does well ? Probably Yes. So, rather than buying just FMCG stocks which are quoting at a price earning multiple of 75, will it be better to buy a basket of stocks which includes some direct well known beneficiaries and some indirect ones. Probably Yes. 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.

Dividends are paid to shareholders listed on the company’s records as of the record date. To qualify, shareholders must buy the stock at least one day before the ex-date, as transactions settle the next day. Those purchasing on the ex-date are not eligible.

Even in volatile markets, there are short term trading opportunities on the long side

Morgan Stanley retains an Overweight rating on IndusInd Bank with a target price of Rs 1,780. The firm expects the stock to outperform the industry in the next 15 days despite recent corrections due to weak volume growth and PPoP progression. The bank's strong asset quality in Q1 and confidence in meeting FY25 asset quality guidance make the current valuation attractive.

On Thursday, benchmark indices dropped nearly 1% after the Reserve Bank decided to keep the policy rate steady. Analyst Kushal Gandhi advised existing investors to hold Symphony, which surged 10.35%. However, he suggested caution for Apollo Tyres and Shree Cement, which experienced declines of 1.48% and 3.66%, respectively.

This summer, India experienced a severe heatwave, significantly affecting companies struggling with slowing earnings growth and supply chain disruptions. Featured prominently in Nifty 500 companies' earnings calls, the heatwave impacted footfalls at retailers, construction productivity, and loan collections. As extreme weather events increase, businesses must adapt to these growing climate challenges.

The earnings season for the first quarter has commenced with 306 companies, including Trent, Grasim, and Info Edge, reporting their results. Grasim's net profit is projected to range from Rs 104-231 crore, despite a potential YoY decline. Revenue is expected to increase, though profits may be hindered by higher losses in some divisions.

Fortis Healthcare has acquired a 34% stake in Agilus Diagnostics from private equity firms Jacob Ballas and IFC. This transaction valued Agilus at around ₹5,000 crore and increased Fortis's holding from 57% to 91%. Agilus operates 413 laboratories and faced expansion challenges due to investors' reluctance and rising competition from new-age online players.

The Securities and Exchange Board of India (Sebi) fined Nippon Life India Asset Management Company and its trustee ₹3 lakh for TER rule violations. Sebi discovered that the asset manager charged insufficient expenses to the actual expenses incurred by five ETFs. Nippon Life AMC defended the charges, stating there was no clear restriction on AMC bearing such expenses.

U.S. stocks saw notable gains on Thursday, driven by a better-than-expected decrease in jobless claims, easing labor market concerns. The Nasdaq and S&P 500 each rose over 2%. Eli Lilly's stock surged due to an improved profit forecast. Small-cap stocks also rallied. Analysts indicate recession worries may be overstated.

Governor Shaktikanta Das stressed not to modify the existing inflation targeting framework, which aims for a 4% inflation rate. He pointed out food inflation's significant role in the consumption basket and cautioned that ignoring it may risk the hard-won stability in price levels. The existing framework ensures the credibility of economic stability.

Ola Electric Mobility's market debut was subdued, with its grey market price indicating a lower opening than its IPO range. The significant IPO was subscribed 4.27 times, yet analysts pointed to limited HNI interest. Experts recommend selling the stock upon listing due to uncertainty over the company's near-term prospects.

In September, Trent and Bharat Electronics (BEL) were expected to be added to the Nifty index, replacing LTIMindtree and Divi's Labs, said Nuvama Alternative & Quantitative Research. This reshuffling could bring in substantial capital. An official announcement was anticipated in August, and Zomato and Jio Financial might also be included if approved by Sebi.

Japan's Nikkei share average saw a 1.7% rise, spurred by a surprising decrease in U.S. unemployment claims which alleviated recession fears. A softer yen also provided relief. This rally aligns with strong performances of U.S. stocks where Nasdaq and S&P 500 both saw over 2% gains. Market volatility earlier in the week was notable.

On the earnings front, Eli Lilly jumped 7.9% after the drugmaker raised its annual profit forecast, and sales of its popular weight-loss drug Zepbound crossed $1 billion for the first time in a quarter. Under Armour surged 19.2% after the sports apparel maker posted a surprise first-quarter profit, benefiting from its efforts to cut inventory and promotions.

“Bikaji Foods International stock has perfectly respected its key 50 DEMA and recently retraced from 695 zones. Traders can buy for a target of Rs 800 in the next 2-3 weeks,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

Following Thursday's monetary policy event, Nifty's trading range tightened with crucial support at 24000 and resistance between 24300-24400. Global markets had mixed results. FPIs turned net buyers, and the rupee settled lower at 83.97 against the dollar. India VIX rose, indicating increased market fear.

Asian equities saw gains on Friday as resilient US labor market data lifted investor confidence. Markets in Japan, South Korea, and Australia were bolstered, and US stocks had a significant rally. Jobless claims in the US were lower than anticipated, easing recession fears and encouraging investment in riskier assets, including cryptocurrencies.

Thursday's market closed in red due to the RBI's cautious policy. Key events included LIC's 9% profit rise, Eicher Motors’ 20% increase, and Cochin Shipyard's 76.6% growth. Additionally, Trent, Grasim, and Info Edge announced their Q1 results, among other notable financial updates from various firms.

The stock of the packaged food maker rose from Rs 518 on May 7th to Rs 786 on August 7th, 2024, marking an increase of over 51% in just three months. After reaching above the 700 level in June 2024, the stock became range-bound but found support above the 40-DMA on the daily charts and rebounded. It recovered its losses and broke out of its consolidation range on the daily charts earlier this week, closing at Rs 785 on August 7th.

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.

The shares were disposed of at an average price of Rs 1,799.79 apiece, taking the deal value to Rs 224.97 crore.At the end of the June quarter, London-based Standard Chartered Bank owned a 3.09 per cent stake in Protean eGov Technologies, shareholding data showed with the bourse

On Thursday, India's benchmark index Sensex slipped roughly 582 points, ending at 78,886. Despite this decline, eight stocks from the BSE FMCG index hit their highest prices in the past year. Reaching a 52-week high is notable because it indicates the peak value a stock has achieved over the last year, providing an essential gauge for traders and investors. This benchmark is valuable for assessing a stock's current value and predicting potential future price trends

Equity benchmark indices Sensex and Nifty closed nearly 1% down on Thursday after the Reserve Bank of India decided to keep the policy rate unchanged for the ninth time in a row and termed food inflation "stubborn". The 30-share index declined by 582 points or 0.73% to settle at 78,886. The NSE Nifty declined 180.50 points or 0.74% to close at 24,117"The short-term trend of Nifty remains choppy. Lack of follow-through up move and the presence of strong overhead resistance is signaling some more consolidation or weakness in the short term. A slide below 23,900 could open another round of downward correction. However, a decisive move above 24,350 levels could bring bulls back into action," said Nagaraj Shetti of HDFC Securities.Here are 6 stock recommendations for Friday:

The market watchdog imposed a fine of Rs 2 lakh on Nippon Life India Asset Management Limited and Rs 1 lakh on Nippon Life India Trustee Limited. They were held guilty in violating total expense ratio (TER) norms prescribed by the regulator

The introduction of the Fully Accessible Route category of government bonds has been cited by JP Morgan and Bloomberg as a major reason for including Indian sovereign debt in their bond indices. The RBI had introduced the category in 2020. Only FAR bonds are eligible for inclusion in the global bond indices

"The revised bonus cap will not alter the way Barclays sets its incentive pool, which is based on overall Group performance," a spokesperson for the bank, who confirmed the contents of the memo, said.

The Dow Jones Industrial Average rose 176.9 points, or 0.46%, at the open to 38940.38.

Investor registrations on the NSE have been accelerating over the past few years. The registered investor base reached 1 crore 14 years after operations began. The next 1 crore addition took about seven years, followed by the subsequent crore in roughly three and a half years, and the next crore in just over a year

The Indian market closed lower on Thursday tracking muted global cues.“The ongoing global uncertainty is making market participants cautious, and short-term relief seems unlikely,” said Ajit Mishra – SVP, Research, Religare Broking Ltd. The S&P BSE Sensex fell nearly 600 points while the Nifty50 closed above 24,100 levels

Nifty finds support at its 50-day exponential moving average (50-DEMA) but faces resistance near 24,350. A breakout above this level or a drop below 24,000 is needed for the next significant move. Despite the current negative trend, selling pressure may persist even within this range, according to Chandan Taparia of Motilal Oswal

Cochin Shipyard saw a 76.6% increase in net profit to Rs 174.23 crore for the June 2024 quarter, compared to Rs 98.65 crore a year earlier. Revenue from operations grew by 62% to Rs 771.47 crore.

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 Thursday's trading session, five stocks witnessed a long unwinding. Here's the list:

Choosing the right company in any sector is extremely important but when it comes to investing in NBFC stocks, it is extremely important to check on things like quality of balance sheet and parentage. There is a very clear lesson from history, if you bought Bajaj finance, wealth creation happened, if you bought DHFL then wealth destruction happened. The question would arise, why buy NBFC if it has such risks? The answer is simple, as a sector NBFC will grow at a faster rate than a number of sectors. Why will the growth be faster? Because they provide credit and credit was / is / will remain more in demand than supply. So, a provider of credit is bound to grow as the Indian economy grows

Cochin Shipyard saw a 76.6% increase in net profit to Rs 174.23 crore for the June 2024 quarter, compared to Rs 98.65 crore a year earlier. Revenue from operations grew by 62% to Rs 771.47 crore.

The RBI kept rates unchanged for the ninth consecutive meeting and maintained its 'withdrawal of accommodation' policy stance. Governor Shaktikanta Das cautioned against complacency despite the easing of core inflation, noting that the pace of inflation moderation has been slow. The market capitalisation of all listed companies on BSE dropped by Rs 2.8 lakh crore to Rs 445.77 lakh crore.

When promoters increase their stake in their company, it’s generally seen as a good sign. It indicates that the promoter is confident of the growth prospects and expects the stock price to go up. ETMarkets found that on the BSE, there are seven companies with market caps over Rs 1000 crore where promoters have been increasing their stakes steadily for the past three quarters.This list includes major names like Reliance Industries. Out of these seven, five stocks have had price returns between 15% and 160% over the past year, with Salzer Electronics leading the way with a 160% gain. (Data Source: ACE Equity)

Axis Securities highlighted Prestige Estates' strong financial performance and diversified business model. With record pre-sales and collections in FY24, Prestige eyes significant free cash flows from ongoing and upcoming projects. The company's projected launch for FY25 is expected to bring Rs 59,000 crore in revenue, maintaining a debt-to-equity ratio of 0.66.

GRSE reported a 14% rise in profit after tax for the June quarter, alongside a revenue increase and improvements in the debt-equity ratio

When promoters increase their stake in their company, it’s generally seen as a good sign. It indicates that the promoter is confident of the growth prospects and expects the stock price to go up. ETMarkets found that on the BSE, there are seven companies with market caps over Rs 1000 crore where promoters have been increasing their stakes steadily for the past three quarters.This list includes major names like Reliance Industries. Out of these seven, five stocks have had price returns between 15% and 160% over the past year, with Salzer Electronics leading the way with a 160% gain. (Data Source: ACE Equity)

Benchmark equity indices Sensex and Nifty traded lower in a highly volatile market on Thursday, following the Reserve Bank of India's decision to keep interest rates unchanged and maintain its hawkish stance due to persistently high food inflation. Despite this, six largecap stocks from the Nifty200 index reached new 52-week highs during the trading session. Here’s the list:

Ceigall India shares made a modest debut, listing at Rs 419 and later dipping to Rs 404, close to the IPO price of Rs 401. With significant contingent liabilities and competition as challenges, analysts recommend holding with a stop loss of 378. The firm specializes in EPC projects and maintains a strong order book.

If Canara Bank shares are included in the banking index, the announcement of which is expected later on in the month from NSE Indices, it could lead to passive inflows worth about $45 million in the PSU bank stock.

Kotak Institutional Equities downgraded PB Fintech to 'reduce' despite a profit of Rs 60 crore in the June quarter, citing high valuations. Jefferies maintained a 'buy' rating with a target of Rs 1,500, while Nuvama increased revenue estimates but lowered margin expectations and set a target of Rs 1,370.

Godrej Consumer Products saw its shares drop 4.5% following a 5.8% year-on-year fall in standalone net profit for the June quarter. Despite this, revenue rose by 7.9%. Analysts have increased target prices up to Rs 1,715, and the company plans a Rs 500 crore investment in the pet care segment over five years.

Market has a strange habit of giving surprises on both sides, moving up when no one is expecting and news is bad all around. Falling when no one is expecting it to fall and there is good news all around. This week it was the turn of the second one. Instead of predicting the time when there will be a correction and how long it will continue, a better option is to just be ready for it. Ready by staying with large caps and that too with sectors and stocks where some tailwinds are emerging. This is not to say that there cannot be some underperformance in large cap space, but the fact is that over the long term these large caps not only create much more wealth but in a bearish phase, they tend to protect the wealth by falling less as compared to mid and small caps

Despite recent global market volatility and dovish signals from other central banks, the RBI MPC kept policy rates and stance unchanged, meeting market expectations and having a neutral impact on stock investors. Markets have been volatile recently due to US recession fears and the unwinding of the Japanese yen carry trade.

Symphony's shares climbed 18% following a significant 270% rise in Q1 net profit and the announcement of a Rs 71.40 crore share buyback. The buyback price offers a 67% premium, with record dates set for both share buyback and interim dividend declaration. The company's revenue also increased by 76% YoY.

Aesthetik Engineers Jewels opened its SME IPO to raise Rs 26.47 crore by issuing 45.48 lakh fresh equity shares at Rs 55-58 per share. The company, known for facade systems, reported Rs 60 crore in revenues for the last fiscal year. The IPO closes on August 12 and is expected to list on August 16.