Politically correct stocks: Government push on increasing rural income may act as tailwind for these 4 stocks - 5 months ago
While the government’s decision to push for policies which help in increasing rural incomes has been in place for some time. But given the fact that any change in the rural income matrix is a time consuming process, there can be a mismatch of expectations and times. There is a high probability that in the coming years there could be more policy push to increase rural incomes. Yes, the reason could be that the government wants to get its political capital back. Whatever might be the reason, the stakeholders of the systems are likely to be benefited. Now traditionally we think it is agriculture which will be the focus, but there is more to the rural economy, beside agriculture. We take a look at 4 companies where fortunes are tied to agriculture and other parts of the rural income.
Economic Times

Spotting Red Flags: Lawrence A. Cunningham's tips to safeguard your investment portfolio - 5 months ago
Renowned financial author Lawrence A. Cunningham emphasises the importance of a quality-focused, long-term investment strategy for investors aiming to achieve success in the investment world.In the same breath, Cunningham acknowledges that following such a strategy is very challenging. It requires resisting the temptation to respond to short-term attractive opportunities and standing by decisions that may not appear correct at a particular moment. He believes these challenges can lead investors to make unacceptable mistakes, potentially resulting in a permanent loss of capital.
Economic Times

FPIs turn net buyers of Indian equities at Rs 12,170 crore in June so far after two months of sellingZomato Share Price - 5 months ago
Foreign investors stage a comeback in holiday-shortened week, slashing net selling from 14,794 crore in June first week to Rs 3,064 crore at the end of second week.
Economic Times

Inox Green Energy Services board to meet on 26 June; to consider fundraise optionsInox Green Energy Services Share Price - 5 months ago
Inox Green Energy Services Limited plans to raise funds through preferential allotment and warrant issuance in a board meeting on June 26, aiming to acquire Rs 1000 crore for future ventures.
Economic Times

Politically correct stocks: Government push on increasing rural income may act as tailwinds to these 4 stocks. - 5 months ago
While the government’s decision to push for policies which help in increasing rural incomes has been in place for some time. But given the fact that any change in the rural income matrix is a time consuming process, there can be a mismatch of expectations and times. There is a high probability that in the coming years there could be more policy push to increase rural incomes. Yes, the reason could be that the government wants to get its political capital back. Whatever might be the reason, the stakeholders of the systems are likely to be benefited. Now traditionally we think it is agriculture which will be the focus, but there is more to the rural economy, beside agriculture. We take a look at 4 companies where fortunes are tied to agriculture and other parts of the rural income.
Economic Times

10 BSE 100 stocks turned multibaggers in one year but Zomato, Trent beat them on this parameterZomato Share Price - 5 months ago
According to Ace Equities data, Trent leads the pack with a 213% return in one year and a beta of 0.70. Zomato, the food delivery platform, and Bajaj Auto, the two-wheeler company, yielded 162% and 107% respectively, with one-year betas of 0.78 and 0.42.
Economic Times

Block deals worth over Rs 40,543 crore this week. Indus Towers, HAL, Suzlon Energy among stocks with major actionVarun Beverages Share Price - 5 months ago
Despite the Nifty index closing the shortened trading week with a slight increase of 0.4%, significant activity was observed in block deals. Over three dozen companies across various market caps saw block deals worth a total of ₹40,543 crore, involving both buying and selling.
Economic Times

These 8 smallcap stocks with low PE ratios can rally up to 25% - 5 months ago
Low PE stocks, often regarded as value stocks, are typically favoured for long-term investments. According to Trendlyne data, Narayana Hrudayalaya, CreditAccess Grameen, and PNB Housing Finance are currently trading at lower PE ratios compared to their respective industry averages. Despite belonging to different sectors, these stocks have the potential to rally by up to 25%, as suggested by Trendlyne data.Here is a list of 8 smallcap stocks from the Nifty Smallcap100 index with below industry PE levels that can rally up to 25%:
Economic Times

Can private bank stocks lead from the front now? - 5 months ago
Bank Nifty reached a new high of 51,957 due to improved operational efficiencies, implementation of the Insolvency and Bankruptcy Code, and cautious lending practices by PSU banks. This sparked a rally in share prices, shifting the spotlight from private banks.
Economic Times

This ADIA-backed multibagger stock turned Rs 10,000 to Rs 5 lakh in 10 yearsSaregama India Share Price - 5 months ago
The stock has failed to live up to its previous glory of jaw-dropping returns in the recent past. In the last six months, the shares rose 56% and are up about 42% in the last one-year period.
Economic Times

7 stock ideas from Stoxbox with upside potential of nearly 9% - 5 months ago
Benchmark indices Nifty and Sensex display a considerable uptrend and there’s apparently on halt in the bull-run, barring a few hiccups on the way, observed industry experts.With the overall momentum of the market being positive, investors are seeking more opportunities to participate in the run.Stock market research firm Stoxbox reveals a lineup of seven stocks for investors, which are well poised to deliver substantial returns based on rigorous technical and fundamental analysis.
Economic Times

Nasdaq ends lower as Nvidia drags the tech sector for second day - 5 months ago
S&P 500 and Nasdaq closed slightly lower on Friday, impacted by Nvidia's decline. Market volatility was observed due to triple witching, with positive PMI data.
Economic Times

Bulk deal vs block deal: Check differences, execution details, timings and more - 5 months ago
Block and bulk deals are large transactions that are executed on stock exchanges. While block deals happen through a special trading window on the exchange that is not visible to all, bulk deals are done as part of the normal trading and can be seen by everyone.
Economic Times

Asian shares end the week with a whimper, yen back to intervention watch - 5 months ago
Asian shares ended the week lower as profit-taking followed a rally to 26-month highs. The U.S. dollar's strength pushed the Japanese yen towards intervention levels.
Economic Times

Wall St Week Ahead: Rally in US big tech stocks may be getting stretched - 5 months ago
The blistering rally in U.S. big tech stocks, particularly in the S&P 500, may be due for a breather amidst concerns of overheating, especially with Nvidia Corp's significant gains. Market segments like utilities are lagging behind tech stocks, prompting investors to consider value stocks as potential bargains.
Economic Times

Wall Street’s smart-trade brigade thrashed again on stock boom - 5 months ago
Despite financial institutions promoting complex investment strategies to clients worried about economic instability and Federal Reserve decisions, the most profitable approach remains the straightforward strategy of buying and holding onto the S&P 500 index.
Economic Times

Nvidia sheds $220 billion after short run as top stock - 5 months ago
It was a swift reversal from earlier in the week, when Nvidia rallied to overtake its megacap peers and claim the pole position. Traders said there weren’t any fundamental reasons behind the two-day selloff at the end of the week, but it does underscore the breakneck pace at which the stock had climbed — almost 200% in the past year alone — and how that ascent now makes it vulnerable to sudden retreats like this one.
Economic Times

Special call auctions to aid holding companies price discovery, narrow discountsVardhman Holdings Share Price - 5 months ago
Sebi introduces special call auctions for price discovery of holding companies, narrowing the market-book value gap. Stocks like Kalyani Investment trade at 60-85% discount to book value.
Economic Times

Eurozone business activity slows on French vote risk - 5 months ago
Euro-area private-sector business activity lost momentum as France's snap election outcome weighs on firms. S&P Global's PMI fell to 50.8 in June, disappointing analysts. Europe's economy, recovering from last year's recession, faces challenges.
Economic Times

All roads lead to Nvidia as tech sees record inflows, Says BofA - 5 months ago
Nvidia Corp became the world's most valuable company, driving record inflows into tech funds. Bank of America Corp strategists noted $8.7 billion inflow in tech funds via EPFR Global data, with strategist Michael Hartnett commenting on the impact of Nvidia's success.
Economic Times

Nasdaq end lower as Nvidia drags the tech sector for second day - 5 months ago
S&P 500 and Nasdaq closed slightly lower on Friday, impacted by Nvidia's decline. Market volatility was observed due to triple witching, with positive PMI data.
Economic Times

Ireda raises ₹1,500 crore - 5 months ago
IREDA successfully raised ₹1,500 crore through oversubscribed bonds, featuring a base issue of ₹500 crore and a green shoe option of ₹1,000 crore. The bonds, offering an annual interest rate of 7.44% over a 10-year and 2-month tenure, garnered significant investor interest, oversubscribed by 2.65 times.
Economic Times

S&P 500, Nasdaq lower as semiconductor shares weigh - 5 months ago
AI chip firm Nvidia fell by 4.4%, following losses in the previous session that caused its market valuation to drop below Microsoft's. Other semiconductor stocks, including Qualcomm, Broadcom, Micron Technology, and Arm Holdings, declined between 2% and 5%, leading to a 2.2% decrease in the Philadelphia SE Semiconductor index.
Economic Times

Nvidia sheds $200 billion in value after short run as top stock - 5 months ago
Traders noted that there were no fundamental reasons for the two-day selloff. However, it highlights the rapid pace at which the stock had risen—nearly 200% in the past year—which now makes it susceptible to sudden declines like this one.
Economic Times

Olympus Capital Asia divests 9% stake in Aster DM Healthcare for Rs 1,530 crore - 5 months ago
According to bulk deal data from BSE, Olympus Capital Asia Investments sold 4.50 crore shares, equivalent to a 9% stake in Aster DM Healthcare, in two tranches. The shares were sold within the price range of Rs 340 to Rs 340.13 each, totalling Rs 1,530.08 crore.
Economic Times

Sebi disposes of proceedings against former Unitech promotersUnitech Share Price - 5 months ago
The market regulator conducted a suo-moto investigation to determine if the Chandra brothers routed funds to the Indian securities market through their UBS AG bank accounts, potentially violating the Prohibition of Fraudulent and Unfair Trade Practices (PFUTP) regulations.
Economic Times

Morgan Stanley buys 1.7 cr shares of Axis Bank for Rs 2,083 croreAxis Bank Share Price - 5 months ago
According to bulk deal data from the NSE, Morgan Stanley acquired 17,000,000 shares, representing a 0.5% stake in Axis Bank. The shares were purchased at an average price of Rs 1,225.75 each, totalling Rs 2,083.77 crore.
Economic Times

Prestige Estates board approves Rs 5,000 crore fundraising plan via QIP or other modesPrestige Estates Projects Share Price - 5 months ago
The funds would be raised in one or more tranches. The company plans to monetise assets of the hospitality segment through Prestige Hospitality Ventures Limited, a wholly-owned subsidiary of the company, by way of the issue of shares (through primary or secondary markets or both).
Economic Times

S&P 500, Nasdaq slip ahead of PMI data - 5 months ago
The Dow Jones Industrial Average rose 73.75 points, or 0.19%, at the open to 39,208.51.
Economic Times

Nvidia more valuable than these major global markets - 5 months ago
US-based technology giant Nvidia Corporation, currently the second-largest company in terms of global market cap, briefly ranked first on Wednesday, surpassing giants like Microsoft and Apple. Nvidia is now more valuable than some of the largest global markets, according to ET Bureau.
Economic Times

Tech View: Nifty chart shows bearish candle formation. What traders should do on MondayReliance Industries Share Price - 5 months ago
Nifty struggled to hold above the day’s opening range, indicating bullish sentiments going sore on the Summer Solstice Day, observed experts.
Economic Times

Hindustan Aeronautics, Piramal Enterprises among 5 stocks with long unwinding - 5 months ago
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 Friday's trading session, five stocks witnessed a long unwinding. Here's the list:
Economic Times

Adani Ports to enter Sensex on Monday, Wipro to exit as part of semi-annual rejigWipro Share Price - 5 months ago
Adani Ports’ Sensex inclusion will trigger passive inflows of $259 million and 14.9 million shares are expected to be added, according to Nuvama’s estimates. Wipro’s exclusion could see outflows of $170 million.
Economic Times

Nvidia's more valuable than some of largest global markets - 5 months ago
US-based technology giant Nvidia Corporation, currently the second-largest company in terms of global market cap, briefly ranked first on Wednesday, surpassing giants like Microsoft and Apple. Nvidia is now more valuable than some of the largest global markets, according to ET Bureau.
Economic Times

Anil Agarwal likely to sell a 2.5% stake in VedantaVedanta Share Price - 5 months ago
Vedanta Resources, which holds a majority stake in Vedanta, is reportedly considering selling a 4-5% stake in the company. The deal could be facilitated by an international bank and is expected to capitalise on the recent surge in Vedanta's share price.
Economic Times

Adani Ports enters Sensex, Wipro exits as part of semi-annual rejigWipro Share Price - 5 months ago
Adani Ports’ Sensex inclusion will trigger passive inflows of $259 million and 14.9 million shares are expected to be added, according to Nuvama’s estimates. Wipro’s exclusion could see outflows of $170 million.
Economic Times

Mazagon Dock Shipbuilders, Samvardhana Motherson among 6 midcap stocks outperformed Nifty50 - 5 months ago
Indian blue-chip equity indices surrendered early gains on Friday, as a decline in banks outweighed the rise in IT stocks fuelled by Accenture's upbeat revenue growth forecast. As per data available on StockEdge, several midcap stocks from Nifty500 index outperformed the benchmark Nifty50 index on a 1-week and 3-month basis as of June 20. Here's a list:
Economic Times

Sensex, Nifty hit brakes on record run; Nifty IT defies market moodTata Consultancy Services Share Price - 5 months ago
Indian equity indices, influenced by global trends, closed lower on Friday. The Sensex fell 269 points to 77,209, and the Nifty dropped 66 points to 23,501, impacted by Reliance Industries, L&T, and HDFC Bank.
Economic Times

Suzlon Energy, Bharat Forge among 6 midcap stocks that hit fresh 52-week highs on Friday - 5 months ago
Nifty50 and Sensex surrendered early gains on Friday, dragged by index heavyweights Reliance Industries and HDFC Bank. However, in Friday's trading session, six midcap stocks from the Nifty200 index hit new 52-week highs. Here's the list:
Economic Times

F&O Income May Face Lottery-Like Taxation in New Budget: Report - 5 months ago
The government of India is considering a proposal to impose higher income tax on the F&O segment in the upcoming union budget. This is because the government is quite worried about retail traders losing tons of money in the derivatives market. Let's see what the deal is all about in this video.
Economic Times

Triveni Engineering buys addl 36.34 pc stake in sugar firm Sir Shadi Lal Enterprises for Rs 45 cr - 5 months ago
Triveni Engineering & Industries Ltd acquires 36.34% stake in Sir Shadi Lal Enterprises Ltd for Rs 45 crore, enhancing its position as a major sugar producer. Vice Chairman Tarun Sawhney views the acquisition as a strategic move to boost Triveni's sugar and alcohol businesses.
Economic Times

Nuvama initiates coverage on Bikaji Foods, sees upside potential of over 21% - 5 months ago
​Domestic brokerage firm Nuvama initiated coverage on Bikaji Foods, with a target price of Rs 885, as the company has emerged as a heavyweight in the rapidly expanding Indian savoury snacks market.
Economic Times

Small caps: Hard work before buying & patience after buying: 5 stocks from different sector with an upside potential of up to 47 % - 5 months ago
As the major event risk is behind it, there is a high probability that except the regular profit booking moves which will keep coming due to one or the other reason, markets are likely to stay under the control of bulls. So there is a high probability that soon we are going to see a phase which we saw in the last quarter of 2023, where there was a mad rush to buy small caps. So before that situation arrives and decision making is more controlled by sentiment than sense, it would be better that one should set the ground rules for buying small caps, so that when the corrective phase and the narrative for the short term changes, there is no fear and panic leading. Another reason why it is important to touch upon this issue at this point of time, is the fact that when it comes to small cap stock there is an interesting equation between desire and challenge. Desire keeps moving up and down but the challenge of finding the right stocks is always present.
Economic Times

Europe's STOXX 600 falls as tech, banks dragABB India Share Price - 5 months ago
European shares fell on Friday, with Carlsberg Group dropping 8% after Britvic rejected its $3.9 billion takeover bid, causing a 0.3% decline in the STOXX 600.
Economic Times

Defence and fertilizer stocks decline up to 8% amid profit bookingParas Defence and Space Technologies Share Price - 5 months ago
​In the recent few trading sessions, both sectors witnessed a rally as the defence sector was backed by factors like new order wins, positive growth outlook and stability of the PM Narendra Modi-led NDA government.
Economic Times

Equity taxation tweaks, PSU disinvestment among 6 factors that could break markets: Kotak EquitiesThermax Share Price - 5 months ago
Indian benchmark index Nifty 50 has surged by 1,682 points or 7.6% since the June 4 debacle, driven by non-institutional investors and select institutional investors, as noted by Kotak Institutional Equities. The market's sentiment remains positive despite potential risks, with a focus on upcoming state elections and regulatory oversight.
Economic Times

Faith by consumers & re-rating by street: 4 jewellery stocks with an upside potential of up to 27% - 5 months ago
One thing which every government has tried to control, but has not been successful in taming, generation and absorption of black money in the whole bullion market supply chain which includes the jewellery industry. Right from a token tax on gold buying to track transactions to many other efforts the list is endless. While it might take time, the way the regulatory mechanism is evolving, over a period of time, there is a high probability that there would be more measures which would come into place which will lead to lesser use of cash in this industry. As that happens, two trends are likely to emerge, first there would be a shift toward branded jewellery chains. Second, the street would have faith on the balance sheet of other players besides the largest player which is a well known multibagger.
Economic Times

Vedanta promoted Hindustan Zinc's shares jump 6% on MoU with US battery makerHindustan Zinc Share Price - 5 months ago
Hindustan Zinc's shares surged 6% after signing an MoU with AEsir Technologies, Inc. for zinc supply, a key material for next-gen batteries. AEsir specializes in zinc battery tech, part of global energy transition efforts.
Economic Times

Zerodha traders hit by technical glitch as screen freezes - 5 months ago
"Hi, we're sorry for the inconvenience. The issue was resolved quickly, and the prices are now updating fine now, please check," Zerodha said on social media platform X while responding to user complaints.
Economic Times