ICICI Bank Share Price Latest Updates: ICICI Bank's stock surged 2.5% following a reported 14.6% increase in its June quarter's standalone profit. Analysts praised its strong earnings, stable asset quality, and lower-than-expected slippage. Companies like Morgan Stanley and Nuvama raised target prices, showing confidence despite some margin pressure. The bank's consistent performance continues to inspire optimism.

In Q4 FY24, state-owned RITES experienced a slight decline of 1.59% in its consolidated net profit, reaching Rs 136.67 crore, attributed to a decrease in revenues. This compares to a profit of Rs 138.89 crore recorded in the same period the previous year.

During the quarter, Bandhan's NIM remained stable at 7.6% QoQ. The assets under management (AUM) and deposit growth showed a YoY increase of 22-23%. Asset quality improved as the net non-performing loan (NPL) ratio stayed unchanged at 1.2% QoQ, despite the gross NPL ratio rising by 40 basis points (bps) to 4.2% QoQ. Additionally, slippages decreased to 2.9%.

RNFI Services' shares launched with a 90% premium on NSE SME. The IPO saw an overwhelming response, being subscribed over 200 times. The company provides diverse fintech services across India, focusing on financial inclusion. India’s fintech market is set to grow from $50 billion in 2021 to $150 billion by 2025, with significant potential in assets under management and revenue.

Bajaj Finance stock declined over 17% from October highs but is now showing signs of recovery after bouncing from Rs 6,500 support. Experts advised short-term traders to target prices above Rs 7,500 within a month. The stock remains above its 5-DMA but under longer-term averages, indicating a potential technical recovery.

Back in momentum mode

The bluechip Nifty 50 and S&P BSE Sensex rose 1.24% and 0.9% last week, respectively, driven by gains in information technology stocks. Meanwhile, numerous analysts have provided their technical perspectives on several stocks, identifying potential gains of up to 18% in the near term. Here's a compilation of 5 tech picks:

Nifty 50 and Sensex reached new all-time highs on Monday due to strong Q1 results from ICICI Bank and gains in Asian markets. ICICI Bank's profit exceeded estimates, while NTPC and Bandhan Bank reported notable profit growth, leading to significant gains in their shares.

In the June quarter, mutual funds boosted investments in leading IT stocks like Infosys and TCS, while FIIs reduced their stakes. Experts highlighted improved profits and positive future prospects driven by BFSI recovery and AI advancements.

UBS downgraded SBI Cards to a sell rating, setting a target price of Rs 620 due to weak Q1 performance. Nomura kept a neutral stance on IndusInd Bank, reducing the target to Rs 1,580. Morgan Stanley and Macquarie maintained positive views on ICICI Bank, increasing their target prices to Rs 1,500 and Rs 1,300, respectively.

Bengaluru’s Ola Electric set its IPO price band at Rs 72-76 per share, to run from August 2 to August 6. The IPO involves a fresh issue of Rs 5,500 crore and a share sale worth Rs 645.56 crore. Funds are earmarked for factory expansion, debt repayment, and R&D. This marks the first IPO from an Indian EV startup.

The Budget was seen hitting the Realty space in the last week while at the same time mixed reactions through markets gave the final verdict with a new ATH close.

Earlier in the month of April, Ultratech Cement’s board had declared a dividend of Rs 70 per share for all its eligible shareholders.

Stocks that were in focus include names like L&T, which gained 2.21%, Zomato, which rose 2.75%, and Ramco Cement, whose shares jumped 3.23% on Friday.

The Bank of Japan prepared for steady interest rate hikes after overcoming deflation, focusing on changes in consumer behavior and inflation above 2%. The review noted structural economic shifts and the side-effects of past stimulus, including falling financial institutions' profitability and labor market changes.

Indian equity markets are experiencing a robust bull run, climbing steadily despite various challenges. Last week marked the eighth consecutive week of gains despite volatility and profit booking. Going forward, analysts say first quarter earnings will remain a key trigger, with many large companies scheduled to report their results.

“We are seeing noticeable resilience in the defensive pack amid the prevailing consolidation and Sun Pharma is trading in sync with the move. Traders can buy for a target of Rs 1910 in the next 1-2 months,” Ajit Mishra – SVP, Research, Religare Broking Ltd, said.

Indian equity markets are experiencing a robust bull run, climbing steadily despite various challenges. Last week marked the eighth consecutive week of gains despite volatility and profit booking. Going forward, analysts say first quarter earnings will remain a key trigger, with many large companies scheduled to report their results.

After a benign June inflation report, markets are wagering the Federal Reserve will lay the groundwork for a September rate cut at its policy meeting on Wednesday. Futures are fully priced for a quarter-point easing and even imply a 12% chance of 50 basis points, and have 68 basis points of easing priced in by Christmas.

Bain, CVC Capital also in fray; 51% stake in play in 2nd largest Housing Finance company as current promoters Kedaara & Partners Group seek to exit 8 year old investment.

Bandhan Bank on Friday reported 47% growth in its consolidated net profit at Rs 1,063 crore in the first quarter, compared with Rs 721 crore in the last year period.

Government-owned Rashtriya Ispat Nigam Ltd (RINL) missed a payment to lenders due to financial stress, raising alarms among stakeholders. With Rs 14,000 crore in term loans and Rs 15,000 crore in fund-based limits, the company defaulted on a Rs 410 crore payment on June 30. The State Bank of India is the major lender, followed by Canara Bank and Indian Bank. Some banks have made precautionary provisions of 15% of their exposure. The Reserve Bank of India mandated that banks sign an inter creditor agreement to take immediate action. The company is operating at a low capacity of 30% and faces additional issues due to unpaid customer invoices. The government may sell non-core assets to reduce debt. Minister HD Kumaraswamy assured assistance to increase production capacity.

After initially cheering the deal, the stock market gave its thumbs-down to Mankind acquiring BSV at the premium valuations of eight times its FY24 revenues and 23 times its estimated ebitda of FY25. The Mankind stock opened 4.5% higher on Friday but closed 3.6% lower. Worries over funding of expensive deal and taking of debt for a debt-free company dragged down the positive sentiment.

In early July, Indian banks borrowed a record Rs 1.19 lakh crore from the market due to challenges in attracting deposits, which totaled Rs 1.02 lakh crore. The Reserve Bank of India data revealed this borrowing trend as a result of the budget's lack of deposit-attracting measures. Total bank borrowings reached Rs 8.83 lakh crore, influenced by the HDFC and HDFC Bank merger. This includes short-term debt, infra bonds, and overseas loans but excludes RBI loans. The State Bank of India raised Rs 10,000 crore through infrastructure bonds. Experts cautioned that an aggressive move to increase deposits could lead to a rate war and widen the credit-deposit gap, causing liquidity and repricing risks. However, the situation has been improving with the RBI's large dividend transfer.

The RBI's new norms essentially translate into a greater requirement for banks to deploy more funds in HQLA, which could be quickly liquidated in a hypothetical stress episode where lenders offering internet and mobile banking facilities are faced with quick fund withdrawals or transfers.

A look at some of the stock recommendations by analysts of late. These stocks are expected to return between 12% and 25% as per analysts’ price targets.

​On the weekly chart, the index has formed a bullish candle with a lower shadow, indicating buying at lower supports. Nifty has experienced volatility previously and has found support from its 20-day moving average.

In a week that also brings a Federal Reserve interest-rate decision, investors will focus primarily on results from Microsoft on Tuesday, followed by Meta Platforms, Apple and Amazon over the next two days.

Monarch Networth Capital secured Rs 300 crores through a share allotment at Rs 560 each and approved a 1:1 bonus issue. The capital will boost initiatives like launching PMS and applying for a mutual fund license. Shares ended at Rs 612, reflecting investor trust. CEO Gaurav Bhandari lauded the investors' support for their vision.

What is the best and worst part of investing in small caps? If one gets the right stock, returns are very high. The worst, it is not easy to find a small cap stock and the risk of going wrong is higher. So, why not look for companies which have seen and beaten competition and are on stronger footing than the majority. An FMCG company, which operates in extremely niche and small markets but no competitor has been able to beat it for the last three decades. A crockery maker which makes tableware and has been able to beat the best of the competition which comes from China made products. What happens is that while they are small, but they are doing good for a long period of time, their cash positions become strong and that is the key to small cap investing.

You won't have heard of Warren Buffet taking trading bets, only and only investing that too long term. But the majority of us think that we have the capability of doing both trading and investing. So, a part of us thinks that we are better sorted than him. In reality, trading and investing are very different both in terms of skill sets, requirement of capital and finally the returns which one is able to generate from each of them. That is probably the reason that even the most exceptional wealth creators in the world have accepted this fact and stayed with what they are good at, either investing or trading. The second thing, by basic nature we are all bulls and biased toward taking a long trade rather than a short trade. That was the problem statement. Now what is the solution? Finding the set of stocks, which probably take care of all the personality and traits which one has, trader, investor, averse to booking losses and admitting mistakes.

Sun Pharma's stock recently broke out of a consolidation range set since March 2024, hitting a new record high of Rs 1722. Experts recommend short-term traders to buy with a target above Rs 1,900 within 1-2 months as the stock rallied over 50% in three months but entered the oversold zone, signaling potential consolidation.

Led by broad-based buying, Sensex closed nearly 1,300 points higher, while the Nifty50 ended at a record high on Friday as investors looked beyond the capital gains tax hike in the Budget. The S&P BSE Sensex closed 1.6% higher at 81,332, while the NSE Nifty50 index ended above the 24,800 level."The short-term trend of Nifty has turned into positive. The next upside levels to be watched are around 25,000-25,100 in the near term. Immediate support is placed at 24,650 levels," said Nagaraj Shetti of HDFC Securities.Here are 4 stock recommendations for Monday:

For risk takers with patience and stock picks for next five years. To some it might appear to be contradictory. Normally risk is taken when one is looking for short term gains and the suggestion is to keep it for 5 yearsThere is a reason for it. Majority of the stocks in the list are from a sector, which despite being in existence for 3 decades has not grown the way it was expected by all shareholders. In this budget a number of steps have been taken to revive this sector. Right from providing institutional finance to lowering of duty to raw material. If policy changes work well, the top and bottom line will grow manifold and stocks will do well and might be a multibagger. If not then capital invested in them might end up being an under performer. So, a combination of risk and patience to play out the turnaround of the sector.

It is an incident like the global outage of microsoft which brings different aspects of the digital ecosystem to the forefront. There is a high probability that before this global outage happened, many would have not heard the name of the company called crowd strike. Just for a moment, imagine that there is an internet shut down in metros in India. Which are companies whose real business will get impacted. Will it be a telecom service provider, Will it be a company which runs its business through a mobile app or will it be the company which provides the backend service to that app company. The answer is not as simple as it might appear to be. The digital ecosystem is making things simple but it is yet complicated when it comes to investing.

Foreign investors injected over Rs 33,600 crore into Indian equities so far this month on the expectation of continued policy reforms, sustained economic growth and a better-than-expected earnings season.

MarketSmith founder William J. O'Neil, a stock market legend, revolutionized equity investing by combining fundamental and technical analysis, focusing on historical precedent. His philosophy centers on seven characteristics common to the greatest stock market winners of all time.Utilizing O'Neil's methodology, MarketSmith created a custom screen to identify companies with strong earnings growth and relative price strength within 15% of their 52-week highs. This approach is particularly effective in the early stages of a bull market when strong stocks are poised to rise as general market pressures ease. Here are 9 Indian stocks that embody William J. O'Neil's equity investing principles, as highlighted by MarketSmith:

A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the futures and options segment, indicating a bullish trend in the market. In Friday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:

A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Friday's trading session, five stocks witnessed a build of fresh short positions. Here's the list:

The market capitalisation (mcap) of Tata Consultancy Services (TCS) jumped Rs 30,826.1 crore to Rs 15,87,598.71 crore and that of Bharti Airtel climbed Rs 30,282.99 crore to Rs 8,62,211.38 crore.HDFC Bank's valuation rallied Rs 8,140.69 crore to Rs 12,30,842.03 crore

ICICI Bank reported a 14.6% increase in Q1 net profit, reaching Rs 11,059 crore, surpassing expectations. Net interest income rose, and treasury income surged. While gross NPA ratio improved, slippages increased marginally.

Gold outperformed Nifty so far in 2024, but post-budget changes in import duties affected its price. Despite geopolitical uncertainties and central bank buying, investors are advised to focus on equities with some gold for portfolio stability.

ICICI Bank reported a 14.6% increase in Q1 net profit, reaching Rs 11,059 crore, surpassing expectations. Net interest income rose, and treasury income surged. While gross NPA ratio improved, slippages increased marginally.

In the Union Budget 2024-25 presentation, Finance Minister Nirmala Sitharaman emphasized fiscal consolidation and strategic spending. The government allocated additional resources to reducing the fiscal deficit and boosting revenue spending. Stock recommendations include LIC Housing Finance and Dabur, expecting significant returns over the next year.

Around three mutual fund NFOs will open for subscription next week. Mutual funds launch new products to complete their bouquet of offerings.

The stock market showed strong recovery last week, buoyed by positive US GDP data. This week, factors such as the US Fed meeting, Q1 earnings reports, FII flows, and global economic data could influence market trends. Analysts believe Nifty might hit the 25,000 mark for the first time.

During the weekend ending July 26, the Indian benchmark index Sensex saw a modest rise, even though it closed in the red for four out of the last five sessions. ETMarkets identified five penny stocks that experienced price increases more than 10% over the week. Our selection criteria focused on stocks with a market capitalization below Rs 1,000 crore, a share price under Rs 20, and a last trading volume exceeding 50 lakh shares.(Data Source: ACE Equity)

In the world of social media, everyone is a trader. But is this even true? Did you know that young traders under 30 are making the most losses when it comes to intraday trading? Did you know that even experienced traders are finding it hard to make profits? Well, believe it or not, this is the reality of intraday trading. Watch!

Additionally the company has also announced that each American Depositary Share (ADS) will still represent 1 equity share. As a result, the number of ADSs held by each American Depositary Receipt holder will increase in proportion to the increase in equity shares.

Earlier in the month of May, NTPC had announced a dividend for its shareholders along with the declaration of its Q4 results for the financial year 2024.