JM Financial cuts Zomato's target price by 8% on ESOP costsZomato Share Price - 5 months ago
JM Financial has lowered Zomato's target price to Rs 230 from Rs 250, noting that ESOP costs are no longer considered one-off expenses following the approval of a new policy. The formulation of this policy indicates that ESOP costs will be treated as regular business expenses, expected to recur.
Economic Times

Kaya shares surge 10% after it announces collaboration with MaricoMarico Share Price - 5 months ago
Shares of Kaya rose 10% to Rs 501.45 on BSE after announcing a collaboration with Marico, whose shares traded flat at Rs 608.15. The collaboration aims to market 75+ science-based personal care products, leveraging channels for wider reach. CEOs Rajiv Suri and Saugata Gupta emphasize growth, market expansion, and long-term consumer satisfaction.
Economic Times

Inox Wind shares zoom over 10%, co to turn debt free after Rs 900 crore infusionInox Wind Share Price - 5 months ago
Inox Wind shares rose 10.5% to Rs 157.25 on BSE after a Rs 900 crore infusion from its promoter on May 28, 2024, involving marquee investors. Now net debt-free with 284% share growth in a year. CEO Kailash Tarachandani envisions reduced interest expenses, strong order book, and a 2.5 GW capacity from four plants, subsidiary Inox Green Energy.
Economic Times

Cello World launches Rs 737 crore QIPCello World Share Price - 5 months ago
The term sheet indicates an indicative issue price of Rs 852 per share and a floor price of Rs 896 per share. Cello World’s stock closed at Rs 961 on July 3, indicating that the QIP is being launched at an 11% discount to the last closing price.
Economic Times

Kotak Bank, Axis Bank among top 10 Nifty stocks trading at discount of over 15% - 5 months ago
Fundamentally, India is witnessing its own mini-Goldilocks moment with excellent macros, robust corporate earnings (with Nifty ending FY24 with 25% earnings growth and FY25/26 earnings likely to post 14-15% CAGR), focus on manufacturing, capex and infrastructure creation, and valuations.Nifty, after consolidating in May 2024, touched a fresh high of 24,174 before ending with over 6% MoM gains at 24,011 in June 2024. Notably, the index was extremely volatile and swung around 2,893 points before closing 1,480 points higher.In such a market, domestic brokerage firm Motilal Oswal has analyzed that nearly half of the Nifty constituents are still trading at a discount to their historical average.Below is a list of top 10 Nifty50 stocks, as analyzed by Motilal Oswal, which are trading at a discount to their 10 year average:
Economic Times

Momentum Pick: Will Zomato's 21% returns over a month and technical breakouts trigger another leg of rally?Zomato Share Price - 5 months ago
Zomato shares surged 21% since June 4, outperforming the Sensex's 11% rise. Analysts predict up to 20% additional gains. The stock hit a 52-week high of Rs 213.80, closing at Rs 208.15. Momentum indicators show shares trading above 50 and 200-day SMAs with a 1-year beta at 0.6. Axis Securities noted sustained buying activity and net profit.
Economic Times

Cello World shares jump 4% to new high on QIP launchCello World Share Price - 5 months ago
Cello World's shares surged 4% to a new high of Rs 1,024 on BSE following the launch of a qualified institutional placement to raise funds. The company plans to utilize the funds for debt repayment and potential expansion in the glassware segment or acquisitions.
Economic Times

Stock Radar: This sugar stock is showing signs of bottoming out after 24% fall from highs; time to buy?Dalmia Bharat Share Price - 5 months ago
Dalmia Bharat's stock stabilizes as experts recommend a bullish outlook, targeting above Rs 2,100 in the volatile sugar industry. The company's price movements reflect a harmonic pattern signaling potential reversals.
Economic Times

Sebi targeting F&O froth but longer term investors may get caught in cross-firing - 5 months ago
Sebi's new regulations on F&O trading aim to standardize charges and reduce excessive profits for brokers. This may lead to higher costs for long-term investors and potential changes in brokerage models. Retail participation in options trading is being closely monitored for its impact on savings.
Economic Times

D-St record run continues! Sensex rallies 300 pts; Nifty tops 24,300 as IT, banks lead chargeICICI Bank Share Price - 5 months ago
From the Sensex pack, ICICI Bank, HCL Tech, and M&M opened up to 1.5% higher while HDFC Bank, HUL and IndusInd Bank opened lower by up to 1.3%.
Economic Times

F&O Radar | Deploy Bull Call Ratio Spread in Nifty to play range bound index expiry - 5 months ago
Nifty's positive trend confirmed by MACD signals and derivative data. Analysts advise caution due to FII net % long levels. Traders recommended a bull call ratio spread strategy for limited upside potential. Expert disclaimer underscores the need for individual analysis in trading decisions.
Economic Times

Small towns join Dalal Street party, bull run reaches Sundarbans - 5 months ago
Small and semi-urban regions in India are increasingly influencing the country's growth trajectory through heightened interest and participation in equity markets. North 24 Parganas in West Bengal, known for the Sundarbans but lesser-known otherwise, has emerged as one of the leading contributors to new stock market investors since September 2023. In May, Delhi and Mumbai led in new investor registrations, with Surat, Ahmedabad, and Jaipur also experiencing significant increases in fresh registrations.
Economic Times

Modi’s Budget to send India’s soaring stocks higher: Survey - 5 months ago
More than half of the 24 respondents estimated that the NSE Nifty 50 Index may advance up to 26,000 points by the end of 2024, while one predicted the gauge can climb even more.
Economic Times

What to buy with D-St at lifetime high? Keep good company, go for largecap stocksGeojit Financial Services Share Price - 5 months ago
Reflecting on past milestones like 50,000 and 75,000 reveals them as profitable buying opportunities, with investors earning double-digit returns even from earlier 'record high' levels. The recent 10,000-point increase from 70,000 to 80,000 signifies a 14.4% growth, while reaching 90,000 from 80,000 will necessitate a 12.5% gain. Maintaining a consistent investment approach remains wise, irrespective of market highs.
Economic Times

Hot stocks: Brokerage take on L&T Finance, Bajaj Finance, Gujarat Gas, Sun Pharma, and othersSun Pharmaceutical Industries Share Price - 5 months ago
Brokerage firms such as UBS have maintained a buy rating on L&T Finance, while JP Morgan maintained an overweight rating on Bajaj Finance, Citi has initiated coverage on Indegene and maintained a sell rating on Gujarat Gas.
Economic Times

3M India shares to trade ex-dividend on Friday, last chance to buy for Rs 685-dividend eligibility3M India Share Price - 5 months ago
3M India is expected to draw attention today following its announcement of a dividend of Rs 685 per share for eligible shareholders alongside its Q4 FY24 results. With July 5 set as the record date, today marks the final opportunity for investors to purchase shares to qualify for the dividend payment.
Economic Times

Valuations are up... will profits keep pace? - 5 months ago
The market's high valuations necessitate positive earnings surprises for comfort, with bond yields and investor sentiment influencing market trends significantly.
Economic Times

Traders’ Corner: A agro commodity stock for possible 7% long trade; multiproduct bet for 6% swing trade - 5 months ago
More sectors are joining the bullish movement of broader markets
Economic Times

M&M, Escorts Kubota among 12 stocks to trade ex-dividend todayWelspun Enterprises Share Price - 5 months ago
Investors rejoice as companies like Piramal Enterprises and Thermax unveil thrilling dividend announcements, promising substantial returns. With the record date fast approaching on July 5, shareholders are on the edge of their seats, eager to seize the opportunity and maximize their gains in the dynamic market environment.
Economic Times

Big movers on D-Street: What investors should do with YES Bank, DMart and L&TYES Bank Share Price - 5 months ago
YES Bank shares consolidated below Rs 25 resistance, trending downwards with support at Rs 23. Expectation of range-bound trading between Rs 23-25; breakout above Rs 25 could target Rs 27.50 and Rs 28.
Economic Times

Valuations take centre stage as Sensex touches new peakUltraTech Cement Share Price - 5 months ago
Majority of the Sensex constituents now trade above their respective long-term average valuations. It means investors need to be selective while accumulating blue chip stocks.
Economic Times

How Sebi action will impact profits of discount stock broking firms like Zerodha and Groww - 5 months ago
Market regulator Sebi mandated in its July 1 circular uniform brokerage charges that are not based on volumes. Due to this, tech-first brokers are staring at impact on valuations. Platforms like Shoonya and Mstock charge zero brokerage fees, and they are bracing for impact from Sebi's instructions. Venture fund-backed startups like Groww, Upstox, Zerodha and listed discount broker Angel One will also have to start charging their customers.
Economic Times

Proxy debt plays may slow as JPM index inclusion progresses - 5 months ago
Analysts predict the Centre will maintain or reduce the fiscal deficit target to 5% of GDP in the upcoming budget, as foreign investment in Indian government bonds surges post JP Morgan index inclusion.
Economic Times

Technical Breakout Stocks: How to trade HDFC Bank, Glenmark Life and Federal Bank on Thursday? - 5 months ago
Indian market hit fresh record highs on Wednesday tracking positive global cues. The S&P BSE Sensex hit a fresh record high above 80,000 for the first time while the Nifty50 climbed above 24300 levels.The Nifty50 rose 162 points to close at 24286 while the S&P BSE Sensex closed with gains of 545 points at 79,986.
Economic Times

Leveraged stock bets soar with retail confidenceHindustan Aeronautics Share Price - 5 months ago
Sebi's MTF framework mandates collateralising existing shares. Kotak Securities cautions investors on MTF investments amidst surging margin funding in anticipation of Modi 3.0 budget.
Economic Times

Sensational Index 80K: With Budget on horizon, bulls hit new milestone in T20 styleTata Consumer Products Share Price - 5 months ago
Equity indices soar as Sensex hits 80,000 fueled by banking stocks. Market anticipates rate cut, global support, and foreign investment. Earnings rise expected with stock rotation amidst market surge.
Economic Times

Jump in FII long-short ratio sans correction may be a new NormalMotilal Oswal Financial Services Share Price - 5 months ago
Market confuses with record FII long-short ratio surge, hinting at shifting dynamics post-election. Chandan Taparia notes unusual stability despite ratio near 5, credits India's growing equity culture for market surge.
Economic Times

GIFT Nifty signals a positive start for D-Street. Here's the trading setup for today's sessionMotilal Oswal Financial Services Share Price - 5 months ago
Indian equities surge with Nifty crossing 24300 and Sensex breaching 80000. Tech view sets 24900 as the next target. Dollar weakens, oil prices fall, and rupee settles lower. FII net long increases to Rs 3.78 lakh crore. DIIs buy shares worth Rs 924 crore.
Economic Times

Asian stocks climb, Yen rallies off historic lows: Markets wrap - 5 months ago
Investors await US jobs report and British election outcome. Unemployment rate expected to remain steady. Chicago Fed President comments on interest rates.
Economic Times

S&P 500, Nasdaq post record closing highs as data stokes hope for rate cut - 5 months ago
Exciting market dynamics unfold as Paramount Global, National Amusements, and First Foundation make significant moves, shaping investor sentiment and market trends.
Economic Times

Stocks in news: Bajaj Finance, Vedanta, L&T Finance, Hindustan Zinc, Star HealthSuryoday Small Finance Bank Share Price - 5 months ago
Nifty surpasses 24,300 with bullish momentum. Key companies perform well: Bajaj Finance, Vedanta, L&T Finance. Hindustan Zinc focuses on silver production growth. Indiabulls Housing Finance rebrands to Sammaan Capital. Star Health targets doubling Gross Written Premium.
Economic Times

Stock Radar: Wipro eyeing a breakout above February 52-week high; time to buy?Wipro Share Price - 5 months ago
Wipro hit an all-time high of Rs 739 on October 14, 2021, but the rally lost steam immediately after. Nearly three years later, it rallied to a 52-week high of Rs 546 on February 19, 2024. Since then, the stock has been facing a price correction. However, it has bounced back after retesting the 200-week Exponential Moving Average on the weekly charts.
Economic Times

HDFC Bank leads financial sector rally, powering D-Street to all-time highsTitan Company Share Price - 5 months ago
The 30-stock S&P BSE Sensex reached a record high of 80,074.3 before closing the session at 79,987, up by 545 points or 0.69%. Meanwhile, the broader Nifty hit a peak of 24,309.15 before ending the day at 24,287, gaining 163 points or 0.67%.
Economic Times

S&P 500, Nasdaq post record closing highs as data feeds rate cut hopes - 5 months ago
U.S. stocks closed mixed on Wednesday, with the S&P 500 and Nasdaq reaching record highs due to optimism about potential Federal Reserve interest rate cuts in September spurred by signs of a slowing economy. However, the Dow Jones Industrial Average remained relatively flat, weighed down by healthcare and consumer stocks in a shortened trading session ahead of the Fourth of July holiday.
Economic Times

This Ashish Kacholia-backed multibagger stock to split one equity share into 10 - 5 months ago
On Wednesday, Aditya Vision closed at Rs 4,572.95, up by Rs 93.75 or 2.09%. On Monday, it hit a 52-week high of Rs 4,800. Over the last 12 months, this stock has delivered multibagger returns of 186%. In 2024, its returns so far stand at 33%.
Economic Times

Market Trading Guide: Tata Consumer Products, BHEL among 4 top stock recommendations for Thursday - 5 months ago
Benchmark BSE Sensex breached the historic 80K level intraday for the first time while Nifty raced over 162 points to close at a fresh lifetime high on Wednesday following heavy buying in banking and FMCG shares amid firm global market trends. The 30-share closed at 79,987, up by 545 points over the last close. The Nifty climbed 162.65 points or 0.67 per cent to end at an all-time high of 24,286.50."We are of the view that, as long as the index is trading above 24,200/79,600, the bullish structure is likely to continue. Above the same, the market could rally up to 24,400/80,200. Further upside may also continue, which could lift the index up to 24,500/80,500. However, below 24,200/79,600 the texture could change. Below the same, traders may prefer to exit out from the trading long positions," said Shrikant Chouhan, Head Equity Research, Kotak Securities.Here are 4 stock recommendations for Thursday:
Economic Times

Valuations take centre stage as Sensex touches new peak - 5 months ago
Majority of the Sensex constituents now trade above their respective long-term average valuations. It means investors need to be selective while accumulating blue chip stocks.
Economic Times

RIL, M&M contribute nearly 3,000 points to the 10K rally of SensexTitan Company Share Price - 5 months ago
Reliance Industries was the top contributor adding 1,927 points. The country’s largest company by revenue and market capitalisation gained 26.3% since December 11, 2023 when the Sensex had touched 70,000 for the first time.
Economic Times

Sensex's 80K milestone a journey, not destination: Nilesh Shah of Kotak Mahindra AMC - 5 months ago
Investors are advised to maintain asset allocation discipline and a long-term investment strategy to navigate market volatility effectively.
Economic Times

Election results boosted Indian markets, generated enthusiasm in the world, says PM ModiHDFC Bank Share Price - 5 months ago
PM Modi stated that the 2024 general election results demonstrated that people had rejected propaganda and voted for performance. Modi has been elected as Prime Minister for the third time, a feat previously only achieved by Jawaharlal Nehru.
Economic Times

Bezos to sell $5 billion of Amazon as shares hit record high - 5 months ago
Bezos would still hold nearly 912 million shares, or about 8.8% of Amazon, following the latest sale. He’s the world’s second-richest person with a net worth of $221.6 billion, according to Bloomberg’s wealth index, and also owns space-exploration company Blue Origin and the Washington Post.
Economic Times

Sebi allows passive funds to invest in listed securities of sponsor's group cos beyond 25% - 5 months ago
Earlier, mutual fund schemes were not allowed to invest more than 25 per cent of their net asset value (NAV) in group companies of the sponsor.
Economic Times

Sebi reduces face value of debt securities to Rs 10,000 to boost retail participation - 5 months ago
This, however, would be subject to certain conditions like the issuer should appoint at least one merchant banker, and non-convertible debentures and non-convertible redeemable preference shares be plain vanilla, interest or dividend-bearing instruments.
Economic Times

US stocks tread water ahead of data, Fed minutes - 5 months ago
The Dow Jones Industrial Average rose 27.10 points, or 0.07%, at the open to 39,358.95.
Economic Times

Vedanta Q1 Update: Alumina production jumps 36% YoY to 539 kt, mined metal up 2%Vedanta Share Price - 5 months ago
Vedanta reported a 36% year-on-year increase in alumina production at its Lanjigarh refinery, reaching 539 kt, driven by expanded capacity. Compared to Q1FY24's 395 kt, this marks an 11% quarterly rise from 484 kt in the previous March quarter.
Economic Times

Fitch assigns 'BBB+' rating on Larsen & Toubro; outlook stable - 5 months ago
The company's strong market position as a leading global engineering and construction firm, combined with above-average profitability and solid revenue visibility, is reflected in its ratings. The credit rating agency noted that the stable outlook indicates the company will maintain comfortable leverage, supported by sustained EBITDA growth and prudent financial management, despite higher growth investments.
Economic Times

Vedanta Q1 updates: Alumina production jumps 36% YoY to 539 kt, mined metal up 2%Vedanta Share Price - 5 months ago
Vedanta reported a 36% year-on-year increase in alumina production at its Lanjigarh refinery, reaching 539 kt, driven by expanded capacity. Compared to Q1FY24's 395 kt, this marks an 11% quarterly rise from 484 kt in the previous March quarter.
Economic Times

Tech View: Nifty needs a decisive move above 24,400. Here’s how to trade on Thursday - 5 months ago
Nifty ended Wednesday’s session with a gain of 163 points to form a small negative candle but broke out of a sideways consolidation movement on the daily chart ahead of Thursday’s expiry.
Economic Times

HDFC Bank leads financial sector rally, powering D-Street to all-time highsHDFC Bank Share Price - 5 months ago
The 30-stock S&P BSE Sensex reached a record high of 80,074.3 before closing the session at 79,987, up by 545 points or 0.69%. Meanwhile, the broader Nifty hit a peak of 24,309.15 before ending the day at 24,287, gaining 163 points or 0.67%.
Economic Times

M&M, Power Grid, 11 other stocks outperform Sensex in its fastest 10,000 points marathonUltraTech Cement Share Price - 5 months ago
As a NEWS EDITOR, investors are urged by Nilesh Shah to maintain a long-term perspective and proper asset allocation as Sensex reaches the 80,000 milestone. He draws parallels with Nasdaq's history and notes Gold's outperformance compared to Nifty in the first half of 2024.
Economic Times