GRSE Q1 results: PAT jumps 14% YoY, revenue up 33%Garden Reach Shipbuilders & Engineers Share Price - 4 months ago
GRSE reported a 14% rise in profit after tax for the June quarter, alongside a revenue increase and improvements in the debt-equity ratio
Economic Times

Promoters consistently increase stake in these 7 stocks, price rise up to 160% in a year - 4 months ago
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)
Economic Times

Zydus Lifesciences, Torrent Pharma among 6 largecap stocks that hit fresh 52-week highs on Thursday - 4 months ago
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:
Economic Times

Ceigall India shares fall further to IPO price after tepid debut. What should investors do?JM Financial Share Price - 4 months ago
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.
Economic Times

3 PSU bank stocks may find hot seats in Nifty Bank, Junior NiftyZomato Share Price - 4 months ago
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.
Economic Times

Kotak Equities downgrades PB Fintech even as company reverses YoY lossPB Fintech Share Price - 4 months ago
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.
Economic Times

Godrej Consumer shares tumble nearly 5% as Q1 standalone PAT falls 6% YoY. Brokerages remain positive - 4 months ago
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.
Economic Times

To take care of possible headwinds: 4 largecap stocks from different sectors with upside potential of up to 38% - 4 months ago
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
Economic Times

RBI ignores 'Global Dangal' in MPC meet. What does it mean for stock market investors?Kotak Mahindra Bank Share Price - 4 months ago
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.
Economic Times

Symphony shares rally 18% in 2 days on announcing share buyback, 270%YoY jump in Q1 PATSymphony Share Price - 4 months ago
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.
Economic Times

Aesthetik Engineers Jewels IPO opens today: Check issue size, price band, GMP & other details - 4 months ago
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.
Economic Times

BSE shares skyrocket nearly 11% as Q1 revenue soars 181% YoY - 4 months ago
BSE's shares soared 11% to Rs 2,657 following a 181% YoY revenue increase for Q1 FY2024, reaching Rs 608 crore. However, net profit declined 40% to Rs 265 crore. The surge in revenue was attributed to higher member participation and new product launches, especially in the derivatives segment.
Economic Times

13 high conviction stock ideas from InCred Equities to add in your portfolio - 4 months ago
The Indian equity indices showed high volatility this week. However, they managed to recover from the losses faced due to a feared recession in the USA and the unwinding of Yen carry trade.Both the indices gained over 1% on Wednesday with Nifty50 gaining 1.27% or 305 points to close at 24,297.50 while the Sensex closed 1.11% or 875 points higher at 79,468.Here is a list of 13 stocks across the small, mid and large cap categories from InCred Equities to add in your portfolio:
Economic Times

Suzlon Energy shares rally 33% since Q1 results announcementSuzlon Energy Share Price - 4 months ago
Suzlon Energy shares surged 33% to Rs 73.04 since its Q1 FY25 results on July 22, driven by a 200% YoY profit jump to Rs 302 crore. Revenue rose 50% to Rs 2,016 crore, and EBITDA increased 86% to Rs 370 crore. The stock hit a 5% upper circuit today and has reached it 7 times in 13 sessions.
Economic Times

Shree Cement shares drop over 3% after 51% YoY decline in Q1 PAT. Should you invest?Shree Cements Share Price - 4 months ago
Shree Cement faced a 4% drop in shares as it posted a 51% decrease in net profit for the June quarter, down to Rs 278.6 crore. Revenues saw a slight increase to Rs 5,123.9 crore, but higher expenses offset gains. Brokerages had varied opinions, noting concerns about weak demand and geographic expansion.
Economic Times

Apollo Tyres shares fall 3% after 24% drop in Q1 net profitJK Tyre & Industries Share Price - 4 months ago
Shares of Apollo Tyres dropped by 3% after it reported a 24% decline in net profit to Rs 302 crore for Q1 FY25, attributed to lower sales and higher raw material costs. Despite a 1.4% increase in revenue, EBITDA fell by 13.5%.
Economic Times

Sensex falls 300 pts, Nifty below 24,200 as RBI keeps repo rate unchangedTata Motors Share Price - 4 months ago
Following the RBI's decision to keep interest rates unchanged and maintain the withdrawal of accommodation stance, Sensex and Nifty saw declines. RBI Governor Shaktikanta Das noted market alignment with RBI policies. Despite steady inflation and GDP growth forecasts, specific stocks like Infosys and Apollo Tyres experienced notable losses. Investors remain cautious amid global economic concerns.
Economic Times

Top 10 stocks with highest FII holding by Q1 FY25. Do you own any? - 4 months ago
Foreign institutional investors (FIIs) shareholding (in percentage terms) in NSE-listed companies decreased to 17.38% in Q1 FY25, down from 17.72% in Q1 FY24, according to Primeinfobase. Meanwhile, as of Q1 FY25, FIIs' top holdings were in 360 One Wam, Samhi Hotels, CAMS, Cartrade Tech, and Delhivery. Here's a list:
Economic Times

Stock Radar: This footwear stock recovers from a 5-year low; should medium term investors buy at current price?Bata India Share Price - 4 months ago
Bata India has been recovering from 5-year lows, with potential to reach new 52-week highs. Experts recommend high-risk, medium-term investors to consider accumulating the stock around Rs 1,500 levels, targeting Rs 2,000 within the next 4-6 months. The stock has held crucial support levels despite recent market volatility.
Economic Times

Dhariwalcorp shares debut with 42% premium on NSE SME platform - 4 months ago
Dhariwalcorp shares listed on the NSE SME platform with a 41.5% premium, reaching Rs 150 from an issue price of Rs 106. The IPO, largely welcomed by investors, was oversubscribed by 100 times. The company trades waxes and industrial chemicals, serving various industries domestically and internationally with a diverse range of quality products.
Economic Times

Sensex falls 300 pts, Nifty below 24,250 as investors await RBI MPC outcomeUltraTech Cement Share Price - 4 months ago
Sensex and Nifty dipped early in anticipation of the RBI's decision to keep interest rates steady. Major stocks such as JSW Steel and Infosys experienced losses, whereas Tata Motors and others showed gains. Godrej Consumer Products and Apollo Tyres saw significant declines after reporting lower-than-expected profits.
Economic Times

Last date to buy! BHEL, BPCL among 39 stocks to trade ex-dividend on FridayREC Share Price - 4 months ago
BHEL, REC, HPCL, Ceat, and BPCL, among others, have set August 9 as the record date for dividend eligibility. Today is the last day to purchase shares to qualify for these dividends.
Economic Times

As Nifty struggles, defensive FMCG and pharma deliver returns of up to 23% in a monthGeojit Financial Services Share Price - 4 months ago
FMCG and pharma stocks have surged up to 23% over the last month, proving their defensive strength, while the Nifty50 has declined amid high volatility and a 27% rise in the India VIX. The Nifty FMCG and Pharma indices have gained 8% and 7.7%, respectively, versus a 0.11% drop in the broader Nifty.
Economic Times

Ceigall India shares list at 4.5% premium over issue priceJM Financial Share Price - 4 months ago
Ahead of listing, the company’s shares had a GMP of Rs 14 in the unlisted market. The IPO, featuring a fresh equity issue of Rs 617.69 crore and an OFS of up to 1.42 crore shares, saw strong investor demand with a 13.78 times subscription. Proceeds will fund equipment purchases, debt repayment, and general corporate needs.
Economic Times

Mutual funds hit sell button on HAL, GRSE, 10 other defence stocks. Should you too book profits?Solar Industries India Share Price - 4 months ago
Mutual funds offloaded shares in 12 defence stocks amid concerns over high valuations, with retail investors stepping in to buy. Foreign institutional investors also increased their holdings in many of these stocks. Experts advised a careful stock-specific approach as high valuations may limit near-term gains despite strong order books and government focus on indigenization.
Economic Times

Hot Stocks: Brokerage view on Tata Motors, Dr Lal PathLabs, Lupin, Apollo Tyres, and Godrej Consumer ProductsTata Motors Share Price - 4 months ago
BofA has maintained a buy rating on Tata Motors with a target price of Rs 1,280. The upcoming SUV coupe, 'Curvv,' is expected to address a significant market gap and advance Tata Motors' electric vehicle (EV) efforts. Additionally, the new internal combustion engine (ICE) platform, ATLAS, will support future launches.
Economic Times

One more reason to change negative bias against them? 5 IT stocks with upside potential of 25 to 38% in 1 year - 4 months ago
At the start of the week, when the global markets were reeling under the pressure of unwinding of Yen carry trade, it was the IT stocks which were able to handle the pressure well. Was it an arbitrary reaction of the street, or the fact is that the unwinding of “ Yen carry trade” and the strength of Japanese Yen is a positive for select Indian IT companies. Probably the second 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

Japan's Nikkei tracks Wall Street declines, BOJ comments drag - 4 months ago
Japanese shares continued to face pressure due to falling domestic chip stocks and potential BOJ monetary tightening. The Nikkei index showed signs of fragility as the BOJ's July meeting minutes indicated further rate hikes. Notable declines included Advantest and Tokyo Electron, while Lasertec saw a significant surge, and Nitori Holdings posted profit gains.
Economic Times

Q1 results today: LIC, RVNL, GRSE, MRF among 225 companies to announce earnings on ThursdayZee Learn Share Price - 4 months ago
The initial quarter earnings season began with 225 companies, including LIC, Eicher Motors, RVNL, and SAIL, reporting their financial performance. Eicher Motors was expected to achieve a significant profit range, while LIC was projected to see a notable increase in its annual premium equivalent and value of new business on a yearly basis.
Economic Times

Bajaj could make a difference in healthcare spaceNDL Ventures Share Price - 4 months ago
The Bajaj group's move into the hospital industry promises to influence the Indian healthcare sector. Private hospitals have shown growth and investor interest has risen post-pandemic. Bajaj plans to establish hospitals in metropolitan areas but will face significant hurdles such as high costs and a lack of medical professionals.
Economic Times

Big movers on D-Street: What should investors do with ONGC, PFC and Tata Power?Tata Power Company Share Price - 4 months ago
Sensex and Nifty recovered significantly on Wednesday following a global rally after consecutive losses. Key stocks in focus included ONGC, which gained 7.45%, PFC up by 4.30%, and Tata Power down 1.31%. Experts advise holding these stocks with strict stop losses, given the present trading volumes and market movement.
Economic Times

Traders lose billions on big volatility short after stocks rout - 4 months ago
A sudden stock market selloff led to massive losses for those betting on market stability. The CBOE VIX index spiked sharply, erasing billions from short-volatility ETFs. Both retail and institutional investors suffered, highlighting the dangers of betting against market volatility.
Economic Times

Traders brace for more volatility after jobless claims - 4 months ago
Traders are bracing for continued market volatility, with significant attention on Thursday's report regarding US jobless claims. The options market suggests a 1.2% move in the S&P 500 Index. Recent unemployment figures have raised concerns, and the jobless claims data will be key in understanding labor market trends and potential market impacts.
Economic Times

ONGC shares jump on Q1 show, Oil India alsoOil And Natural Gas Corporation Share Price - 4 months ago
Shares of state-owned ONGC and Oil India rose almost 8% after ONGC's first-quarter profits surpassed estimates. Investors also anticipated strong results from Oil India and higher oil prices due to tensions in the Middle East. Analysts recommended waiting for a potential dip before investing further.
Economic Times

Nasdaq ends down 1% as tech shares fall; Treasury auction weak - 4 months ago
U.S. stocks closed lower on Wednesday, with the Nasdaq dropping 1%. Technology shares and a weak 10-year Treasury auction dampened investor sentiment. The S&P 500 technology index was the biggest drag, falling 1.4%. Significant declines included Walt Disney and Super Micro Computer. Investors remained cautious amid recession worries and upcoming central bank commentary.
Economic Times

D-Street indices rise over 1% on global rebound after BOJ’s dovish talkIIFL Securities Share Price - 4 months ago
India's stock indices rebounded by over 1% after three losing days as the Bank of Japan vowed to maintain stable interest rates. The Nifty rose 304.95 points, closing at 24,297, and the Sensex climbed 874.94 points to 79,468. Domestic institutional investors were net buyers, while foreign investors sold shares worth ₹3,315 crore.
Economic Times

GIFT Nifty falls 190 points; here's the trading setup for today's sessionRBL Bank Share Price - 4 months ago
After days of decline, domestic markets showed recovery, ending with gains. Nifty's relief rally coincides with investor attention on the upcoming RBI policy outcome. Global markets had mixed results, and oil prices rose. Foreign investors net sold Rs 3,314 crore, while DIIs bought Rs 3,801 crore. Major companies will announce Q1 results soon.
Economic Times

Stocks in news: LIC, RVNL, BSE, Hindalco, Tata Motors, Eicher MotorsTata Motors Share Price - 4 months ago
The domestic markets rebounded on Tuesday, gaining over a percent owing to robust global cues. Stocks such as LIC, Eicher Motors, RVNL, and Tata Motors were highlighted due to quarterly results and corporate developments. Key financial outcomes were reported by BSE, NHPC, and Apollo Tyres. Moody's upgraded Tata Motors' rating, keeping a positive outlook.
Economic Times

Japan leads Asian stock selloff, Yen resumes climb: Markets wrap - 4 months ago
Asian equity markets, particularly Japan, saw declines amid investor concerns over central bank signals on interest rates. The Topix Index and other regional benchmarks dropped, with the yen rising slightly. US Treasury yields fell, influenced by recent economic data. This follows the Bank of Japan's interest rate actions and soft US economic indicators affecting market sentiments.
Economic Times

Stock Radar: Hatsun Agro hits fresh 52-week high after 1-year consolidation; time to buy?Hatsun Agro Products Share Price - 4 months ago
Experts suggested that medium-term traders can consider buying the dairy product stock, with a potential target above ₹1,500 in 4-6 months. It hit a high above ₹1,200 in August 2023 but the rally lost momentum and the stock stayed in a consolidation phase for the next 12 months. Finding support above the 40-month Exponential Moving Average on the monthly charts, the stock bounced back and hit a fresh 52-week high in July, surpassing the ₹1,300 mark. It reached a 52-week high of ₹1,380 on July 16, 2024.
Economic Times

Market Trading Guide: IEX, Bajaj Consumer Care among 8 stock recommendations for Thursday - 4 months ago
Benchmark equity indices Sensex and Nifty closed over 1% higher on Wednesday, led by banking, metal, and IT stocks. The S&P BSE Sensex closed 1.11% higher at 79,468, while the NSE Nifty50 index ended just below the 24,300 level."The short-term trend of Nifty seems to have reversed on the upside. Follow-through upmove is required from here to consider this as a short-term bottom reversal pattern. A decisive move above 24400 levels could pull Nifty towards another resistance of 24700 levels quickly. Immediate support is at 24050 levels," said Nagaraj Shetti of HDFC Securities.Here are 8 stock recommendations for Thursday:
Economic Times

These 9 midcap stocks hit fresh 52-week high and rallied up to 30% in a month - 4 months ago
On Wednesday, D-Street benchmark index Sensex rallied roughly 875 points, ending at 79,468. During this rally, 9 stocks from the BSE Midcap index reached their highest prices of the past year. Achieving a 52-week high is significant as it reflects the highest value a stock has attained over last year, serving as a crucial indicator for traders and investors. This benchmark helps evaluate a stock’s current worth and forecast potential future price movements.
Economic Times

What Suzlon's Rs 660 crore-acquisition of Renom means for investorsSuzlon Energy Share Price - 4 months ago
By acquiring Renom, Suzlon gains valuable expertise in maintaining turbines of various brands, access to seven windy states, a proven track record of fleet growth, and a skilled workforce with technical expertise and established processes.
Economic Times

Moody's upgrades Tata Motors to Ba1 from Ba3 on sustained financial growth; outlook positiveTata Motors Share Price - 4 months ago
Tata Motors received a two-notch rating upgrade with a positive outlook, reflecting the company's consistent revenue growth, improved profitability, and debt reduction through substantial free cash flow, despite significant capital expenditure for product refreshment.
Economic Times

Airbnb shares slump 14% as weak forecast signals slowing travel demand - 4 months ago
Airbnb Chief Financial Officer Elinor Mertz said on a call with analysts on Tuesday that softness in long booking lead times was a big factor in its forecast.
Economic Times

Adani Enterprises to return to equity market with $1 billion share sale, sources sayAdani Enterprises Share Price - 4 months ago
The offering of existing shares will mark Adani Enterprises' return to equity markets after the flagship company scrapped a $2.5 billion share sale in February last year, after U.S.-based short-seller Hindenburg Research accused the Adani group of improper use of offshore tax havens and stock manipulation.
Economic Times

Nasdaq, S&P jump 1% at open as tech stocks rally - 4 months ago
Wall Street's main indexes started higher on Wednesday as technology stocks rallied. This gain followed Japan's top policymaker soothing investor concerns over interest rates, which had triggered global market volatility after a surprise rate hike last week.
Economic Times

Sebi issues Rs 25-cr notice to Karvy Stock Broking, Parthasarathy - 4 months ago
Sebi in April 2023 barred KSBL and Parthasarathy from the securities market for seven years and also imposed a penalty of Rs 21 crore on them for misappropriating clients' funds by misusing the Power of Attorney given to the broking firm.
Economic Times

Nithin Kamath says Sebi's relaxed proposals for RIAs will encourage more advisors - 4 months ago
These comments were made in response to SEBI's new consultation paper, which proposes easing registration requirements and reducing compliance costs for investment advisors and research analysts by amending or clarifying existing regulations.
Economic Times