About 10 companies posted a profit in the quarter ended December, after reporting losses in the preceding three quarters, data by Ace Equity showed.

The Royal Enfield motorcycle manufacturer on Tuesday reported a strong 34.4% year-on-year (YoY) growth in consolidated net profit for the quarter ended December to Rs 996 crore, and this was tad higher than an ETNow poll of Rs 969 crore.

Price growth dropped to an annual rate of 3.1% in January, according to official data; above economists’ expectations of 2.9%. In December, the consumer price index stood at 3.4%.

The IPO, which comprised fresh equity worth Rs 462 crore and an offer for sale (OFS) of 26.08 lakh shares, received healthy response from investors as the issue was booked 18.5 times at close.

The IPO comprised a fresh equity issue of Rs 450 crore and an offer for sale (OFS) of 15.61 lakh shares. Under the OFS, Oman India Investment Fund, Amicus among others offloaded shares.

Online food delivery aggregator Zomato reported a robust set of numbers for the quarter ended December, which beat analysts’ expectations. The company is set to deliver strong 70% YoY growth in FY24, with Blinkit outpacing the food delivery business because of geographical expansion, improvement in order frequency, and moderation in a competitive environment in the quick commerce industry, says Sneha Poddar of Motilal Oswal Financial Services.

The issue closed on February 9 and was completely a fresh equity issue of Rs 600 crore. Ahead of the issue opening, the company raised Rs 180 crore from anchor investors, where White Oak Capital, Ashoka India, ICICI Prudential, Volrado Ventures among others invested.

Global broking firm Macquarie, which has shared a love-hate relationship with Paytm stock, has downgraded the new-age stock to underperform with a target price going as low as Rs 275.

A host of brokerages have downgraded the target prices of several stocks in the last one month. Trendlyne data shows that 10 stocks, including HDFC Bank, ITC, Bandhan Bank, Polycab India, and HUL faced up to four analysts' target price downgrades in the last 1 month. Here's a list of these stocks:

Price growth dropped to an annual rate of 3.1% in January, according to official data; above economists’ expectations of 2.9%. In December, the consumer price index stood at 3.4%.

Nvidia's shares slipped 0.17%, leaving its stock market value at $1.78 trillion, eclipsing Amazon's $1.75 trillion value after the online shopping and cloud-computing heavyweight's stock declined 2.15%.

The latest shift in rate expectations came after an upside surprise in U.S. inflation on Tuesday which showed the consumer price index (CPI) rising 3.1% on an annual basis, above forecasts for a 2.9% increase.

Bezos hasn’t explained why he’s selling now, but the timing of when he instituted the trading plan may provide a clue. He announced on Nov. 2 he was moving to Miami from the Seattle region. He adopted a so-called 10(b)5-1 plan on Nov. 8.

"Going ahead Nifty is expected to remain in the broader range given the lack of positive triggers globally and mixed set of domestic Q3 earnings which too is unable to provide any support," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal.

The Dow Jones Industrial Average posted its biggest one-day percentage drop in nearly 11 months, after a Labor Department report showed U.S. consumer prices increased above forecasts in January amid a surge in the cost of shelter.

“Bajaj Finserv has been in a strong uptrend on the long-term charts with consistent formation of higher highs and higher lows. Traders can buy for a target of Rs 1950 in the next 12-15 months,” Gaurav Bissa, VP, InCred Equities, said.

The group's acquisition of Reliance Capital is pending necessary court and regulatory approvals. Its offer of ₹9,650 crore was approved by the committee of creditors (CoC) in July last year, subject to requisite approvals.

After this, Yes Bank held a Swiss challenge auction with Prudent ARC's offer as an anchor offer, giving the ARC the first right to match any counter-offer the private lender would receive. Arcil gave a counter-offer of ₹203.4 crore, which Prudent ARC matched on Monday, the people cited above said. Prudent ARC and Yes Bank are expected to close the transaction this month end, the people said.

"Investors should be cautious of any entity that promises assured or exceptionally high returns. The principle of 'higher returns come with higher risks of losing your money altogether' holds true in the securities market," Sebi said in a statement.

Hindalco Industries on Tuesday reported 71% growth in its consolidated net profit at Rs 2331 crore for the quarter ended December 2023.

The brokerage said some of Paytm's existing lending partners may take a re-look at their business links with the firm, which may potentially hurt its lending business revenues.

The four companies which have seen their rating outlook changed to stable from negative are Adani Green Energy Limited, Adani Green Energy Restricted Group 1, Adani Transmission Step-One Limited and Adani Electricity Mumbai Limited.

"We expect India's growth trajectory to continue, aiming to surpass a 21-22% share in the MSCI EM index by the latter half of the year," said Abhilash Pagaria, head - alternative & quantitative research, Nuvama Institutional Equities.

The stock hit a fresh 52-week high of Rs 1,741 on December 15, 2023, but failed to hold on to the momentum. It slipped below the 50-DMA in February on the daily chart but found some support above the 200-DMA. It is also trading in a 15-year-old Rising Channel pattern on the monthly charts. The recent selloff pushed the stock towards the support zone of the channel. Hence, a technical bounceback could be on the cards.

The four companies which have seen their rating outlook changed to stable from negative are Adani Green Energy Limited, Adani Green Energy Restricted Group 1, Adani Transmission Step-One Limited and Adani Electricity Mumbai Limited.

The flagship company of Adani Group has incubated multiple businesses in ports, power, city gas distribution, transmission, and FMCG over the past decade, and Jefferies believes that the new businesses — Green Hydrogen, Airports, Data Center, Roads, Copper – will emerge as industry leaders in the future.

A Labor Department report showed U.S. consumer prices increased more than expected in January amid rises in the costs of shelter and healthcare. Rate-sensitive megacaps like Microsoft, Alphabet , Amazon.com and Meta Platforms lost between 1.2% and 2.2%, as yields on U.S. Treasury notes across the board spiked to two-month highs.

In January 2024, mutual funds (MFs) maintained a positive outlook on Indian equities, evident from their net investments totalling approximately Rs 23,010 crore. An examination conducted by ETMarkets emphasized that six stocks were included in the portfolios of at least 20 MFs in January 2024, as compared to December 2023. All six stocks have delivered returns exceeding 30% in FY24 thus far, with two of them achieving gains surpassing 200% during the same fiscal period. (Data Source: ACE MF | ACE Equity)

Indian shares rose on Tuesday, led by a rebound in financial stocks. The S&P BSE Sensex closed 0.68% higher at 71,555, while the NSE Nifty 50 index closed above the 21,700 level."The short-term trend of Nifty remains choppy with alternative candle formations like bull and bear. A sustainable move above the immediate resistance of 21,800-21,850 levels could open a sharp upside towards another resistance of 22,000-22,100 levels in the near term," said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.Here are 3 stock recommendations for Wednesday:

MUMBAI - A year after revising its outlook to “Negative” on four Adani Group firms following the explosive report by Hindenburg Research, Moody’s Investors Service has revised it back to “Stable”.The global ratings agency has revised the outlook on Adani Green Energy, Adani Green Energy Restricted Group (AGEL - RG-1), Adani Transmission Step One, and Adani Electricity Mumbai to “stable” from “negative”, it said in a release.

The S&P 500 opened lower by 53.90 points, or 1.07%, at 4,967.94, while the Nasdaq Composite dropped 343.67 points, or 2.16%, to 15,598.88 at the opening bell.

In January 2024, mutual funds (MFs) maintained a positive outlook on Indian equities, evident from their net investments totalling approximately Rs 23,010 crore. An examination conducted by ETMarkets emphasized that six stocks were included in the portfolios of at least 20 MFs in January 2024, as compared to December 2023. All six stocks have delivered returns exceeding 30% in FY24 thus far, with two of them achieving gains surpassing 200% during the same fiscal period. (Data Source: ACE MF | ACE Equity)

The global ratings agency has revised the outlook on Adani Green Energy, Adani Green Energy Restricted Group (AGEL - RG-1), Adani Transmission Step One, and Adani Electricity Mumbai to “stable” from “negative”, it said in a release.

Reliance Industries hit a fresh record high and Rs 20 lakh-crore market capitalisation mark in intraday trade. However, the stock pared gains and closed 0.9% higher at Rs 2,928. In the last two weeks alone, the stock's market value has gone up by Rs 1 lakh crore as the Rs 19 lakh-crore level was touched on January 29.

The IPO of Rashi Peripherals was subscribed nearly 60 times at close, driven by heavy bidding from non-institutional investors. Most analysts were positive on the issue as the company has a good financial track record and robust distribution network.

The short-term trend of Nifty remains choppy with alternative candle formations like bull and bear. A sustainable move above the immediate resistance of 21,800-21,850 levels can open a sharp upside towards another resistance of 22,000-22,100 levels in the near term, said Nagaraj Shetti of HDFC Securities.

Short covering refers to the buying of shares in order to close an existing short position or a position that has been sold. Short covering signals a shift in view on a security from extreme bearishness to bullishness. In Tuesday's trading session, five stocks saw top short covering. Here's the list:

Long unwinding refers to selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Tuesday's trading session, five stocks witnessed a top long unwinding. Here's the list:

MFs deployed Rs 21,750 crore in cash in the secondary markets in January, a rise of 28% month-on-month. Here's a look at their top buys and sells: (Source: ET NOW)

Shares of Mukesh Ambani-led Reliance Industries (RIL) today become the first listed Indian entity to cross the Rs 20 lakh crore market capitalisation milestone after the stock rallied up to 1.89% to hit fresh 52-week high of Rs 2957.80 on BSE.

From the Sensex pack, ICICI Bank, Axis Bank, Wipro, and Kotak Bank were the top gainers, rising over 2% each. While UltraTech Cement, M&M, Titan, Tata Motors, and Nestle India ended with cuts.

On Monday, when the whole market was reeling under pressure, there was one sector which was able to keep its head above water both at the level of indices and internal market breadth of that sector. It was IT sectors, it is not the first time that this relative outperformance has been witnessed on the street, in recent months, there have been instances where on the day market has been under pressure, IT stocks have moved upward. The only difference is frequency, magnitude and the breadth of the sector which is involved on the day of outperformance by the sector. Frequency has increased, more IT from large cap are able to relatively outperform and magnitude of up move is better as compared to earlier. 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.

For the December 2023 quarter, the company reported Rs 8 crore in net profit compared with a loss of Rs 12.1 crore in the year-ago quarter. Revenue grew by 3.7% year-on-year to Rs 71.7 crore. The revenue growth for the quarter seemed to be pale considering the growth of 33.7% for the nine months to Decembe

The rise in passenger traffic has strengthened the ability of airlines to pass on fuel costs (comprising 40-50% of the total cost) to flyers. This is reflected in the gross margin, which remained stable despite fuel prices more than doubling in the last three fiscals, CRISIL said.

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Volatility never gives notice before coming and again on Monday, it did not give one. The difference is that this time the impact of volatility was felt by more investors and traders. There are two probable reasons, list of top loser on Monday was dominated by PSU stocks which have been the best performing set of stocks in last few weeks and that all those who only recently realized that there is something called PSU and jumped on the bandwagon are probably looking at their phone and saying why have their portfolio has fallen so hard. Second, the overall market breadth was extremely bad which means more portfolios got hit. There is a high probability that volatile movement in broader markets might continue for some time, So, it would be better to stay prepared for volatility. One of the ways for that would be to stay with large caps and especially the ones which have shown streak of outperformance at a time when other large caps have been under pressure.

Japan's Nikkei share average closed at a fresh 34-year high on Tuesday as trading resumed after a long holiday weekend, with tech-related shares and strong corporate earnings supporting the benchmark stock index.

US-based Novelis Inc – a subsidiary of the company - said that the company will now spend $4.1 billion on the integrated rolling and recycling plant to be set up in Bay Minette in the US, up a staggering 65% from the previously announced capex of $2.7-$2.8 billion.

Shares of state-owned Coal India on Tuesday jumped 5 per cent a day after the company reported a rise in its net profit for the December quarter. On the NSE, the shares of Coal India Ltd (CIL) climbed 4.81 per cent at Rs 453.60 apiece.

The Subhash Chandra-promoted company had reported a 9% growth in its consolidated net profit for the July-September quarter at Rs 123 crore compared to Rs 113 crore in the same quarter last year. The operating revenue in Q2 rose 20% year-on-year (YoY) to Rs 2,437 crore.