Bajaj Finance shares drop 4% on RBI action but market insiders predict limited impact - 6 months ago
Bajaj Finance had 77 million customers as on Sep-23, of which 42 million had EMI cards and of that, 4 million had Insta EMI Cards. This implies that the product is 5% of total customers and 10% of EMI customers.
Economic Times

Fundamental Radar I Max Health all set to see 21% profit CAGR over FY23-25: Sneha Poddar - 6 months ago
Max Healthcare Institute Ltd reported robust earnings for the quarter ended September, with a profit growth of 25%, led by a strong operational performance. Further addition of beds, improved realization per patient, and optimization of case mix/payor mix will drive this earnings growth for the company, going forward, says Sneha Poddar of Motilal Oswal Financial Services.
Economic Times

Sensex slips 100 points, Nifty below 19,650 - 6 months ago
Opening Bell: Sensex slips 100 points, Nifty below 19,650; Bajaj twins shed up to 4%
Economic Times

F&O stocks to buy today: RIL, Tata Steel among top 9 trading ideas for 16 November - 6 months ago
Call writing is seen at 19700 and then towards 19800 strikes while Put writing is seen at 19600 and then towards 19650 strikes.
Economic Times

Fundamental Radar: Why Max Health is all set to see 21% profit CAGR over FY23-25? Sneha Poddar explains - 6 months ago
In the six months ended September, the ARPOB grew by 13% year-on-year (​​​​​​​​YoY) to Rs 75,000, driven by increased traction from medical tourism, case mix optimization, price revisions, improved share of oncology in IPD, and increased OPD footfalls.
Economic Times

Sensex declines over 100 points on losses in Bajaj twins; Nifty below 19,650 - 6 months ago
From the Sensex pack, Bajaj Finance and Bajaj Finserv were the top laggards, falling over 2% each. Power Grid, JSW Steel, Titan, and Bharti Airtel also opened in the red, while NTPC, Tata Motors, TCS, M&M, and IndusInd Bank opened in the green.
Economic Times

Stocks that India's top 5 mutual funds bought and sold last month - 6 months ago
While the weight of private banks moderated for the fourth consecutive month to 18.7%, the weight of PSU banks declined to 3% to its lowest since February 2021.
Economic Times

F&O Ban: Hindustan Copper, ZEEL among 6 stocks under trade ban on Thursday - 6 months ago
The Future & Options contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
Economic Times

Chart Check: 50% rally in 3 months! This iron & steel product maker breakout from a rounding formation - 6 months ago
Short-term traders can look to buy the stock for a possible target of Rs 125 in the next 3-4 weeks, suggest experts.
Economic Times

NTPC: Sideways to bullish - 6 months ago
NTPC’s daily trend is sideways to bullish. The RSI for monthly, weekly and daily are showing bullish momentum. Based on option chain analysis, the range is between 235 and 250. Let’s plan a trade around this.
Economic Times

Buy or Sell: Stock ideas by experts for Nov 16, 2023 - 6 months ago
ET Now spoke to various experts, and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on RIL and TATA STEEL, while Nooresh Merani has a buy/sell recommendation on Container Corporation and Hero Moto for today's trading session. Check out the targets and stoploss.
Economic Times

Star Cement, ITC among 5 stocks with RSI trending up - 6 months ago
This is a bullish signal as the RSI has crossed above 50 from above.
Economic Times

Big Movers on D-Street: What should investors do with Trident, Manappuram Fin, & Rajesh Exports? - 6 months ago
The 30-stock Sensex surged more than 700 points and settled at 65675.93, while the 50-stock Nifty added more than 230 points and ended well above the 19650-mark.
Economic Times

US stock market: Wall Street gains on easing inflation, Target's upbeat forecast - 6 months ago
Shares in Target surged 17.8% in its biggest one-day percentage gain since August 2019 after the retailer forecast a fourth-quarter profit largely above expectations on easing supply-chain costs.
Economic Times

Asian stocks waver, expectations of Fed pause intact after data - 6 months ago
U.S. economic data this week has left investors in the same state of confusion about Fed policy as they have been in for weeks. Retail sales proved strong while producer prices inflation, coming soon after the below-forecast core inflation, reinforced the disinflation theme and supported views of a peak in U.S. rates.
Economic Times

Stocks in focus: Quess, Vedanta, Ramkrishna Forgings, IIFL Fin, Bajaj Fin, Suzlon Energy and more - 6 months ago
GIFT Nifty on the NSE IX traded 6.5 points, or 0.03 per cent, lower at 19,757.5, signaling that Dalal Street was headed for muted start on Thursday. Here's a slew of stocks that will be in focus today for various reasons.
Economic Times

Goldman Sachs latest Wall Street bank to see stock gains next year - 6 months ago
The team, led by David Kostin, joins others who have turned more positive about the outlook for equities, like Morgan Stanley's Michael Wilson. Meanwhile, Bank of America Corp.'s Michael Hartnett has said investors have moved to overweight positions in stocks and bonds.
Economic Times

Nvidia's record rally may be showing signs of overheating - 6 months ago
Shares of the Santa Clara, California-based company have climbed 22% during their latest surge, adding about $220 billion in market value, according to data compiled by Bloomberg. This has propelled their relative strength index, a 0-100 gauge of bullish and bearish price momentum, above 70 on Tuesday.
Economic Times

Stocks in news: TCS, Bajaj Fin, RateGain Travel, Bank of Baroda, SJVN, Suzlon Energy - 6 months ago
The Reserve Bank of India has directed the company to stop the sanction and disbursal of loans under two of its lending products – ‘eCOM’ and ‘Insta EMI Card’ with immediate effect, as the non-banking financial company did not comply with certain norms.
Economic Times

Lenders look to derisk promoter guarantees - 6 months ago
In response to the recent Supreme Court order upholding recovery provisions against personal guarantors, Indian lenders are now taking measures to protect their interests. They will require a negative lien on the assets underlying personal guarantees given by promoters of companies raising bank loans. This will prevent promoters from transferring these assets to a special trust that is bankruptcy remote.
Economic Times

Regulatory breaches in grant of Religare arm's Esops to Chief: InGovern - 6 months ago
InGovern estimated the value of Saluja's stock options of Religare and of its subsidiary Care Health Insurance over the past 3-4 years at ₹480 crore.
Economic Times

Dabur's open offer price for Religare is fair: Mohit Burman - 6 months ago
Once the open offer is concluded, the Burman family-owned entities - currently the largest shareholding bloc at Religare - will nominate their directors on the board of the financial services company, Burman told ET.
Economic Times

Jaiprakash's lenders taken 'unawares' by ICICI move on company debt - 6 months ago
JAL owes a group of 32 lenders a total of ₹29,272 crore. The company was among the 26 defaulters that the RBI had directed to be taken to the bankruptcy process in 2017 following which ICICI had filed an insolvency petition against the company before Allahabad Bench of the National Company Law Tribunal in 2018. That petition is yet to be admitted.
Economic Times

Sahara-Sebi legal tiff likely to continue - 6 months ago
Legal experts, along with lawyers representing both the Sahara Group and the Securities and Exchange Board of India (SEBI), have confirmed that the protracted legal dispute between the two entities will persist in the Supreme Court. This determination comes despite the unfortunate demise of Subrata Roy, the chief of the Sahara Group.
Economic Times

Market looks ready for another pre-poll rally - 6 months ago
​​For starters, in the six months leading up to the 11 general elections held between 1980 and 2019, the Sensex averaged an impressive 14.3% return, underlining the stock market’s capacity to navigate and prosper amid political uncertainty and transitions.
Economic Times

RBI tells Bajaj Finance to stop ‘eCOM’, ‘Insta EMI’ loans - 6 months ago
Last month, the RBI banned public sector Bank of Baroda (BoB) from onboarding any new customers onto its 'bob World' mobile application three months after a news network said the bank linked bank accounts to unregistered mobile numbers and signed them up to the application. Earlier in December 2020, the RBI had banned HDFC Bank the largest issuer of credit cards in the country, from issuing new cards and introducing digital products after multiple systemic glitches were reported in the preceding two years. The ban was lifted in August 2021.
Economic Times

IndusInd Bank, Paytm, Suzlon and 6 others to join MSCI Standard - 6 months ago
After the rebalance, the number of domestic stocks on the Standard Index will rise to 131, and India's weight on it could rise to 16.3%, up from the current 15.9%.
Economic Times

Indices jump over 1% mirroring gains in global markets - 6 months ago
"The biggest reason for gains today is the favourable US inflation data along with the S&P, Dow and Nasdaq seeing its largest gain since April this year," said Aamar Deo Singh, head advisory at Angel One Broking.
Economic Times

Market infra stocks zoom as Street gets busy again - 6 months ago
Analysts, however, warn these stocks might be overbought after the recent run up. "... when markets are bullish, brokers, dealers and other intermediaries, tend to benefit because their cost structures are such that when topline improves, profitability goes through the roof," said Sahil Kapoor, market strategist at DSP Mutual Fund.
Economic Times

Stock Radar: Grasim Industries likely to hit fresh record highs in short term; may surpass Rs 2100 - 6 months ago
A retest of the crucial support on the weekly charts suggests positive momentum in the stock. It has formed a Piercing Line candle pattern, a bullish reversal pattern on the weekly charts. Short-term traders can look to buy the stock for a possible target above Rs 2100 levels in the next few months, suggested experts
Economic Times

RateGain Travel Tech opens QIP book, sets floor price at Rs 676.66/share - 6 months ago
The floor price is at a discount of nearly 5% to the current market price. On Wednesday, shares of the company ended at Rs 711.90 on the National Stock Exchange, down about 1% from the previous close.
Economic Times

TCS fixes November 25 as record date for proposed Rs 17000-crore share buyback - 6 months ago
In October, India's largest software exporter had announced a Rs 17,000-crore share buyback programme through the tender offer route. The company plans to buy back up to 4.09 crore shares at a price of Rs 4,150 per share. This represents 1.12% of the total paid-up equity share capital of the company.
Economic Times

Mahadev app case against Dabur malicious, people trying to resist Religare takeover: Mohit Burman - 6 months ago
Mohit Burman, Chairman, Dabur Group, says “Religare at the end of the day is a holding company, it does not have any income. But the expenses are totally disproportionate. So, you have to analyse where all the money is going from there.”
Economic Times

Wall St gains on easing producer prices, Target's upbeat forecast - 6 months ago
At 10:02 a.m. ET, the Dow Jones Industrial Average was up 80.18 points, or 0.23%, at 34,907.88, the S&P 500 was up 10.63 points, or 0.24%, at 4,506.33, and the Nasdaq Composite was up 36.87 points, or 0.26%, at 14,131.25
Economic Times

Target beats profit forecasts on inventory drawdown, shares surge 17% - 6 months ago
With nearly half of Target's sales coming from these less essential categories, its sales have fallen in the past two quarters, but the retailer has been about to eke out a higher profit on tighter inventory management and cost controls in other parts of its business, such as logistics. On Wednesday, the company forecast adjusted earnings to land between $1.90 and $2.60 per share. The midpoint of that range topped analysts' expectations of $2.22 per share, according to LSEG data.
Economic Times

Market Trading Guide: TCS, Reliance Industries among 5 stock recommendations for Thursday - 6 months ago
Indian equity indices advanced on Wednesday, led by banking, financial, auto and IT stocks. The S&P BSE Sensex closed 1.14% higher at 65,676, while the NSE Nifty 50 index closed above the 19,650 level."The short-term trend of the Nifty remains positive. Having moved above the key resistance of around 19600 levels, there is a possibility of Nifty advancing towards the next set of hurdles of around 19850 and the next 20050 levels in the near term. Any dips down to the immediate support of 19500 could be a buy on dips opportunity," said Nagaraj Shetti, Technical Research Analyst at HDFC Securities.Here are 5 stock recommendations for Thursday:
Economic Times

US stocks open higher, Target jumps on upbeat forecast - 6 months ago
The Dow Jones Industrial Average rose 79.02 points, or 0.23%, at the open to 34,906.72.
Economic Times

Religare chair Saluja opposing Burmans' open offer fearing loss of control, says Mohit Burman - 6 months ago
The Dabur Group scion said he is surprised by the behaviour of the Religare board, which had backed the open offer but is now against it.
Economic Times

Bank of Baroda board to meet on November 18 to consider infra bond issue - 6 months ago
According to news reports, the public sector lender is looking at raising about Rs 10,000 crore through infrastructure bonds. As of September-end, the bank’s capital adequacy ratio as per Basel-III requirements was 15.30%, compared to 15.25% a year ago. The CET 1 ratio stood at 11.57%, compared to 10.95% a year ago. The additional tier-I ratio as of September end was 1.62%, compared to 1.86% a year ago.
Economic Times

Breakout Stocks: How to trade MCX, Nesco and eClerx on Thursday - 6 months ago
The S&P BSE Sensex rallied more than 700 points while the Nifty50 closed above 19600 levels on Wednesday. Sectorally, buying was seen in realty, IT, auto, oil & gas and energy stocks.
Economic Times

Tech View: Nifty’s next hurdle at 19,850-20,050. Here’s what traders should do on Thursday - 6 months ago
The short-term trend of the Nifty remains positive. Having moved above the key resistance of around 19,600 levels, there is a possibility of Nifty advancing towards the next set of hurdles of around 19,850 and the next 20,050 levels in the near term. Any dips down to the immediate support of 19,500 could be a buy-on-dips opportunity, said Nagaraj Shetti of HDFC Securities.
Economic Times

Bank of Maharashtra, AU SFB, 6 more midcap stocks crossed 50-day SMA - 6 months ago
The stock market witnessed a remarkable performance on November 13 as several midcap stocks soared above their 50-day Simple Moving Average (SMA).
Economic Times

Tata Steel, Manappuram Finance, 6 other stocks surpass 100-day SMA - 6 months ago
The stock market witnessed a remarkable performance on November 13 as several major players soared above their 100-day Simple Moving Average (SMA).
Economic Times

Maruti Suzuki, Nazara Technologies among 5 stocks with RSI trending down - 6 months ago
On November 13, Monday, StockEdge set off the alarms with over 40 stocks experiencing a dip in Relative Strength Index (RSI). ETMarkets delves into the intricacies of RSI and spotlights 5 stocks navigating the downward RSI trajectory, unraveling why investors should pay heed to this critical indicator.
Economic Times

360 One Wam, IDFC, 3 more smallcap stocks surpass 20-day SMA - 6 months ago
Smallcap stocks marked a notable upswing on November 13 as several emerged triumphantly above their 20-day Simple Moving Average (SMA).
Economic Times

Lemon Tree Hotels gains 23% in three months, should you stay invested? - 6 months ago
A key reason for this optimism is that the company is placed well among the listed mid-sized hotels to gain meaningfully from improving demand. A pick-up in the corporate travel, meetings, incentives, conferences and exhibitions (MICE), and a demand-supply mismatch in the mid-market segment augurs well for the hotel companies.
Economic Times

Sensex jumps 742 points, Nifty settles above 19,650; Star Cement soars 12%, Suzlon 5% - 6 months ago
Closing Bell: Broad-based buying drives Sensex 742 points higher; Nifty above 19,650; Star Cement soars 12%, Suzlon 5%.
Economic Times

Ratnamani Metals, CDSL among 5 overbought stocks with RSI above 70 - 6 months ago
On November 13, Monday, StockEdge signaled a surge as 40 stocks entered the overbought zone. ETMarkets hones in on 5 stocks riding the overbought wave, unraveling the significance of Relative Strength Index (RSI) and why investors should pay attention to stock movements in this zone.
Economic Times

ICC World Cup: 4 wealth management lessons from the cricket field - 6 months ago
Before stepping onto the investment pitch, establish your financial goal. It's your North Star, guiding every move you make.
Economic Times

Central Bank, UCO Bank among 5 stocks with RSI trending up - 6 months ago
On November 13, Monday, StockEdge unveiled a wave of upward momentum with over 15 stocks trending up. ETMarkets delves into the significance of the Relative Strength Index (RSI) and identifies 5 stocks poised for potential growth based on RSI movements.
Economic Times