Shares of Wockhardt surged 18% in early trading to reach a new 52-week high of Rs 811.50 on NSE. The sharp increase followed the company's announcement of the successful use of its investigational antibiotic, Zaynich (Zidebactam/CefepimeWCK 5222), in treating a young, immune-compromised cancer patient at the Children's Hospital of Orange County in the US.

Shares of the Indian Renewable Energy Development Agency (IREDA) surged 6% to reach the day’s high of Rs 202 on the BSE. This increase followed the company's announcement of significant year-on-year growth in its sanctioned loans by 382.62% and loan disbursements by 67.61%.

Morgan Stanley, a global brokerage firm, forecasted that Mukesh Ambani-led Reliance Industries' (RIL) fourth monetisation cycle could potentially increase market capitalisation by $60-100 billion. They set a target price of Rs 3,540 in the base case scenario.

India's hospitality sector sees robust growth with increasing demand for branded rooms, particularly in urban hubs and the luxury segment. Growth is sustained by infrastructure development and rising business travel, reflected in increased RevPAR and corporate rate hikes.

In the last week, quite a few companies came on the radar of various brokerages, which initiated coverage on the same.Brokerages like Goldman Sachs, Bernstein, Nuvama initiated coverage on stocks like TBI Tek, CE Info Systems and PNB Housing Finance among others with upside potential of up to 34%.Below is the list of recent coverages:

Shares of Garden Reach Shipbuilders & Engineers (GRSE) surged 8% to reach a new all-time high of Rs 2,268 on the BSE on Monday following the announcement of securing a contract to build an advanced ocean-going tug for the Government of Bangladesh. The project, valued at approximately $21 million, is expected to be completed within 24 months.

PVR INOX unveiled a new cinema at Gachibowli, providing a premium movie experience at Prism Mall with 4K projection and Dolby ATMOS sound.

Vodafone Idea's target price sees a boost post-tariff hike, reflecting industry trends. Kotak Equities emphasizes low ARPU in India and the need for Jio to seize monetization opportunities.

Momentum moving to many other sectors and stocks

Sylvan Plyboard's IPO on NSE SME platform debuted with a 20% premium. Reporting revenues of Rs 162 crore and a net profit of Rs 4.47 crore, the company distributes products through authorized dealers and sub dealers.

Welspun Enterprises and DJ Mediaprint declared dividends with ex-dates on July 5. Escorts Kubota also set July 5 as the ex-date for dividend issuance. Several other companies like Tide Water, SKF India, and Balaji Amines have dividend and ex-date announcements in the same week.

ICICI Bank Ltd, part of the private banking sector, broke out from a 2-month consolidation range to achieve a fresh record high in June 2024. Short to medium-term traders are advised to consider buying the stock with a target above Rs 1,300 levels in the next few weeks, according to experts.

Visaman Global Sales debuted on the NSE SME platform with a 4.88% premium on Monday, opening at Rs 45.10 compared to its issue price of Rs 43. Prior to its listing, the company's shares traded at a premium of Rs 13 in the unlisted market. The IPO, consisting entirely of fresh equity comprising 37.32 lakh shares, was oversubscribed by over 42 times.

The IPO, which was completely a fresh equity sale of 64.32 lakh shares, was subscribed over 250 times at close, driven by strong interest from retail and non-institutional investors.

Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score.

Morgan Stanley maintained an underweight rating on Amara Raja with a target price of Rs 967. MS thinks that the company now matches Exide on capability but needs to catch up on customer wins and in the ramp-up timeline.

Auto stocks were in focus amid the release of June month sales numbers. Shares of Samvardhana Motherson, Hero Moto, Bharat Forge, Maruti Suzuki, and Bajaj Auto rallied over 1% each. Within the Nifty50 pack, JSW Steel, and Bharti Airtel rallied over 1%, while NTPC, Power Grid, and Apollo Hospitals fell up to 2%.

Momentum moving to many other sectors and stocks

Momentum moving to many other sectors and stocks

Domestic markets concluded a two-week consolidation phase by gaining over 2%, continuing the prevailing uptrend in the week gone by. The tone remained positive throughout the week, driven by rotational buying in index heavyweights across sectors.As we enter the new month, market participants will closely watch auto sales data to start with. Besides, the progress of the monsoon will also be in focus.In this setup, here are 5 stocks that you can consider buying for robust returns in the short term.

Jyothy Labs will benefit from multiple growth drivers, including direct consumer sales, rising brand awareness, and expansion of modern retail.

The Indian market snapped a 4-day winning streak to close in the red on Friday. The S&P BSE Sensex fell by more than 200 points, while the Nifty50 managed to hold above 24,000.

Investing in New Green Power in Taiwan, I drive sustainable energy solutions for manufacturers, reducing Scope 3 emissions. This aligns with my commitment to carbon-free operations and environmental sustainability, supporting solar capacity growth in the region.

Expanding into private markets data, I acquire Preqin for 2.55 billion pounds to offer enhanced solutions for fund managers. With a growth rate of 20%, Preqin will facilitate private markets investing, providing an accessible platform for investors. The acquisition aims to create a seamless experience for all stakeholders.

“NTPC stock has seen a consolidation phase in the last few weeks. However, the prices have managed to find support above its 100-Days EMA. Traders can buy for a target of Rs 400-415 in the next few weeks,” Ruchit Jain, Lead Research, 5paisa.com, said.

Sector like Auto is expected to be in the limelight as OEMs would release their monthly auto Sales number," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.

The euro was 0.32% higher at $1.0747, while European stock futures rose 1% as exit polls showed Marine Le Pen's eurosceptic National Rally emerged ahead in the first round of the French vote but with fewer votes than some analysts had forecast.

Banks intensify scrutiny on new accounts to combat mule activities, adapting to evolving fraud tactics like forming private companies. Vigilant measures include verification visits, latitude data, and washout logic analysis to deter money laundering and digital frauds in the financial system.

"To a certain extent, the year-on-year rise in the bank borrowing numbers is a reflection of the merger between HDFC and HDFC Bank. But apart from that, it is clearly a reflection of the tightness in the liquidity and that was, to a certain extent, exacerbated in the month of May because government spending was restricted during the Union election," said Soumyajit Niyogi, director at India Ratings & Research.

High food inflation and incomplete transmission of the 250 basis point policy rate hikes since May 2022 could delay the Reserve Bank of India's (RBI) rate cut. Transmission through loan and deposit rates varied between 111 and 245 bps until May 2024, except for loans linked to external benchmarks, which had immediate full transmission.

Sector like Auto is expected to be in the limelight as OEMs would release their monthly auto Sales number," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.

Indicating that the company is still interested in the mega Tajpur deep sea port in West Bengal, JSW Infrastructure Ltd said that it remains open to re-evaluate its strategy for the project.

In comparison, private players like HDFC Bank, Axis Bank, ICICI Bank, Yes Bank and IDFC First have an average UPI technical decline of 0.04%. Among private players, Bandhan Bank has seen technical declines of over 1%.

​​Retail investors are now viewing AI as a promising investment frontier, with signifi cant potential for gains by investing in leading companies in this fi eld. Nvidia, a maker of AI chips, has seen its stock surge threefold in the past year, making it one of the most valuable companies in the world with a market capitalisation in excess of $3 trillion.

​Stocks expected to show bullishness include Reliance, ICICI Bank, LIC Housing Finance, Grasim, Praj Industries, Biocon, Apollo Tyres, Tata Motors, and BEL. Consider a moderately bullish strategy using a Bull-Call Spread for the July 4 weekly expiry.

Gross FPI purchases reached a record high in June at ₹4.79 lakh crore ($57.48 billion), as per NSDL data. This figure is nearly double the monthly average of ₹2.32 lakh crore for the past two years.

After the blistering rally in 2004-2008, most of these stocks started crashing in January 2008 triggered by the Global Financial Crisis (GFC). The recovery in infrastructure and construction-related stocks began only in 2020-2021 though many of them are still far away from their 2007-08 peaks.

Challa Sreenivasulu Setty's upcoming role as the chairman of State Bank of India follows a period of remarkable growth under Chairman Khara's leadership, marked by a substantial increase in the bank's stock price and improved asset quality.

Short-term traders are advised to consider buying NTPC shares now with a target price of Rs 400-415 over the next 3-4 weeks, according to experts. The stock achieved a fresh record high of Rs 395 on June 4, 2024, although it initially struggled to maintain momentum. However, it rebounded after testing the 100-day Exponential Moving Average (EMA) on the daily charts.

After a record-breaking rally, Indian equity indices closed the last week in the red due to profit booking at higher levels. Analysts attribute India's optimism about the upcoming Union budget and upgraded GDP forecasts as continuing drivers of momentum in the market. Additionally, large caps are gaining favor again due to the return of Foreign Institutional Investors (FIIs).Here are 5 stock recommendations for Monday

After a record-breaking rally, Indian equity indices closed the last week in the red due to profit booking at higher levels. Analysts attribute India's optimism about the upcoming Union budget and upgraded GDP forecasts as continuing drivers of momentum in the market. Additionally, large caps are gaining favor again due to the return of Foreign Institutional Investors (FIIs).Here are 5 stock recommendations for Monday

There are many sectors which make it to headlines at a particular time of the year. Like we would see agriculture and irrigation stock coming to headline around budget time, hotel stocks during holiday season. So, while they are cyclical stocks, because their cycles are much shorter as compared to typical cyclical stocks like metals, where cycles may last for many years, they are not typically classified as cyclical stocks. But essentially they are and cyclical stocks are more tactical trade rather than long term investment, which you can buy and forget for years. There is another set of companies who also make it to the headline and probably to the list of top gainers around the same time every year. Companies whose fortunes are linked with what happens in the summer season. This time again it happened, right from AC makers to fan makers to an ice cream company. All have witnessed an upward movement. Should be kept for it is time to say goodbye till next season.

On the day of election results were announced and the whole stock market melted, stocks from one sector were able to gain, that was FMCG. Many theories were floated about why they are doing well. Right from them being defensive stocks to that focus would not shift from investment to consumption. But close to a month down the line, all those stocks are once again in the under performance mode. The fact is before deciding on whether the stocks are defensive or not, some questions need to be asked. A stock which was a defensive stock in 1994 when the Indian economy was just opening is still a defensive stock even in 2024 when we are a whole different economy with different needs and consumption patterns.

State-owned Punjab & Sind Bank plans to raise Rs 2,000 crore in the second half of this fiscal via Qualified Institutional Placement (QIP) to fund business growth. "The board has already given approval, and merchant bankers should be on-boarded by August," Punjab & Sind Bank managing director and CEO Swarup Kumar Saha told PTI.

The controversial nature of such restrictions is on full display in South Korea, where a short-selling ban hurt its attempts to win an upgrade from MSCI Inc. These developments show the difficulties policymakers have in keeping up with increasingly sophisticated trading strategies and their impact on financial markets, a challenge that’s only set to grow with the adoption of artificial intelligence.

Retail investors favor small-cap stocks due to high returns. Large-caps trade at a valuation discount to small-caps. Domestic ownership prevails in small-caps, with retail investors holding a significant share. Opportunities exist in Finsumption, Capex, and Make in India themes favoring small and mid-cap companies.

Till the budget comes, many would have field day, right from opinion, desire, assessment all being packed as inside news. So, at the outset, we must clarify that this is our assessment based on an assumption that there are certain sectors which will be getting more attention in the first budget of Modi 3.0. The assumption is based on two reasons. First, the government has been focussing on these sectors for some time now and will give it further push so that end results start to get reflected on ground. Second, given the fact that it makes sense to do politically correct things when the whole world is looking at you. Why not make those announcements in the budget itself, because if not in budget these would have come in any case over the next few months. These are mid and small caps stocks which are related to the rural economy which is likely to be in focus for next couple of years as policy makers once again get ready for rural push.

Frontline index Nifty50 achieved the 24,000 level milestone on Thursday, June27. The index surged 1000 points in just 17 trading sessions. With this, the Nifty has now gained more than 5,000 points from its 52-week low of 18,837.85, with significant contributions from stocks like Shriram Finance, LTIMindtree, Tech Mahindra and Wipro among others.Here is the Nifty50’s journey to the 24,000 mark summarized by domestic brokerage firm Geojit Financial Services in 8 charts below:

In 2021, for instance, euphoria surrounded several newly listed companies. Many investors poured money into these companies based solely on hype, neglecting factors like profitability and growth prospects. This resulted in a correction in 2022, with several companies that previously completed successful IPOs witnessing significant value erosion.

Oil India and Vertoz Advertising, among other companies, are set to be in the spotlight this week as they near their record dates for bonus issues, stock splits, buybacks, and demergers. The record date, determined by each company, determines eligibility for these corporate actions, requiring shares to be held in a Demat account on that date to qualify.