Vedanta, REC among 5 stocks with short buildup - 5 months ago
A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of the underlying stock in the Futures and Options segment. Short buildup means more people are expecting the prices to go down and creating short positions. In Wednesday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:
Economic Times

Better placed than many: 5 smallcaps from different sectors with more checks and balances - 5 months ago
When it comes to smallcaps there is an interesting equation between desire and challenge. When the desire to own smallcaps is highest, challenges are also highest & vice-versa. Given the recent performance of smallcaps, the desire to own is highest but biggest challenge is to find good quality smallcaps with not-so-outlandish valuations. This is exactly opposite of what the situation was in last quarter of 2022, when valuations were not that expensive but there was hardly any clamour of buying into smallcaps. The reason why it is important to get the right smallcap is because only then return on higher and commensurate with the risks an investor is taking. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks from smallcap space with high upside potential over the next 12 months, having an average recommendation rating of “Buy” or "Strong Buy" and also meeting some parameters like net margins and return on equity.
Economic Times

Ayodhya Ram Mandir becomes new investing theme. 6 stocks in focus - 5 months ago
The euphoria over Ayodhya Ram Mandir inauguration has also caught the attention of Dalal Street investors. Most of the stocks that have moved up in anticipation of the surge of tourists in Ayodhya are from the smallcap space and therefore investors must be careful while chasing momentum as liquidity can be a challenge. Here's a list of 6 stocks that are in focus.
Economic Times

Vedanta shares fall 3% on Moody's downgrade - 5 months ago
Vedanta Resources has launched a liability management exercise to restructure repayments of about $3.8 billion on bonds that are set to mature over the next three years after it secured funds from a bank and private credit funds.
Economic Times

Technical Stock Pick: 20% rally in a month! This EV maker hits record high in January 2024; should you book profits or buy? - 5 months ago
The breakout has opened room for the stock to head towards 1700 levels in the next 2-3 months, suggest experts.
Economic Times

Hot Stocks: Brokerages view on RIL, ONGC, BPCL, Godrej Consumer and Infosys - 5 months ago
CLSA maintained a buy rating on RIL with a target price of Rs 3060. Organic and inorganic triggers are likely to come together and support the up move in 2024.
Economic Times

Delta Corp shares plunge over 5% on weak Q3 earnings - 5 months ago
This is the sixth straight session where Delta Corp stock has recorded a fall. The price correction was amid significant volumes with more than 43.76 lakh shares changing hands on the NSE around 9:30 am.
Economic Times

Stock split charm! Cochin Shipyard shares soar 8% - 5 months ago
One share of Cochin Shipyard has been split into two. Today was the record date for determining the eligibility of shareholders for sub-division of existing 1 share of face value of Rs 10 each fully paid up into 2 shares of face value of Rs 5 each fully paid up.
Economic Times

HDFC Life Insurance Company: Bearish to sideways - 5 months ago
HDFC Life Insurance Company’s daily trend is bearish to sideways. The RSI for monthly, weekly and daily are showing sideways momentum. Based on option chain analysis, the range is between 600 and 650. Let’s plan a trade around this.
Economic Times

Fundamental Radar I What’s likely to drive the re-rating of Welspun Corp? Narendra Solanki explains - 5 months ago
Welspun Corp is strategically positioned to benefit from various sectoral tailwinds and government initiatives across its key geographies and business segments. Focus on building capabilities in new businesses with higher margins will help the company to negate the earnings cyclicality and drive re-rating, says Narendra Solanki of Anand Rathi Shares & Stock Brokers.
Economic Times

Fundamental Radar: What’s likely to drive re-rating of Welspun Corp? Narendra Solanki explains - 5 months ago
Its manufacturing facilities are strategically located in India, US and Saudi Arabia. The company has established a leadership position globally in the line pipe and home textiles sectors.
Economic Times

Ayodhya Ram Mandir becomes new investing theme. 5 stocks in focus - 5 months ago
“The third quarter is seasonally good for the tourism sector. This coupled with heightened spiritual tourism on the back of euphoria over the opening of Ayodhya temple and the movement on promoting domestic tourism has led to an uptick in hotel stocks,” said Atul Thakkar, Director - Investment Banking, Anand Rathi Advisors.
Economic Times

Sensex, Nifty open on a flat note tracking negative Asian cues - 5 months ago
From the Sensex pack, HCL Tech, Wipro, Titan, Nestle, and Sun Pharma opened higher, while NTPC, Axis Bank, Bharti Airtel, Power Grid, and HDFC Bank opened lower.
Economic Times

Rs 4,770-crore jolt! Power sector biggest casualty of FPI selling in Q3 - 5 months ago
FPIs sold power sector stocks to the tune of Rs 2,869 crore and Rs 2,952 crore in October and November, respectively after a massive Rs 9,731 crore selloff in September. Although, they re-entered the sector in December to buy shares worth Rs 1,051 crore.
Economic Times

Sensex declines marginally, Nifty below 21,550; Polycab gains 3% - 5 months ago
Sensex declines marginally, Nifty below 21,550; Polycab gains 3%, Delta Corp falls 4%; HCL Tech, Sun Pharma, M&M are some of the other gainers in the morning trade.
Economic Times

Consumption stock to rise 6% & tyre company on a roll for 4% gain - 5 months ago
What looked like a strong rebound fizzled out in the second half of the session as the Nifty closed the day with just a modest gain.
Economic Times

Buy or Sell: Stock ideas by experts for January 10, 2024 - 5 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 Poonawalla Fin and ICICI Bank, while Nooresh Merani has a buy/sell recommendation on Granules India and Bosch for today's trading session. Check out the targets and stoploss.
Economic Times

Big movers on D-Street: What should investors do with TCS, Titan and Godrej Consumer? - 5 months ago
Stocks that were in focus included names like TCS, which rose 0.4%, ZEE, which fell 8%, and EaseMyTrip, whose shares climbed 5.4% on Tuesday.
Economic Times

Nikkei rides high while traders wait on US inflation - 5 months ago
Japan's Nikkei - which had its best year for a decade in 2023 - climbed 1% in early trade to break above 34,000 for the first time since 1990.
Economic Times

US stock market: Dow, S&P 500 retreat as yields edge up ahead of data, earnings - 5 months ago
The S&P 500 and Dow lost ground and closed lower on Tuesday, pressured by a modest rise in Treasury yields as investors assessed the timing and size of any Federal Reserve interest rate cuts in 2024 ahead of inflation data this week.
Economic Times

Stock Radar I Coastal Corporation sees bullish MACD crossover on weekly charts: Gaurav Bissa - 5 months ago
“Coastal Corporation has also witnessed a strong breakout from a descending#channels pattern on the weekly charts along with incremental volumes. Traders can buy the stock for a target of Rs 400 in the next 9-12 months,” Gaurav Bissa, VP, InCred Equities, said.
Economic Times

Arbitrage MFs' record run may hit poll bump, experts favour caution - 5 months ago
Arbitrage funds have started yielding better returns amid the bullish market sentiment. "In the past three years, returns from these schemes have improved to 7-7.5% from 3-4%," said Rupesh Bhansali, head of mutual funds at GEPL Capital, adding that at least 10% of investors in arbitrage funds are from the retail category.
Economic Times

TATA AIG General Insurance excludes Red Sea route, others raise premiums - 5 months ago
With ships passing through the region becoming the target of increasing attacks and the resultant declaration by the JWC of Lloyds and other reinsurers of these waters as a high-risk area for shipping, major global shipping companies have proactively decided to avoid taking this route, a Tata AIG spokesperson said.
Economic Times

Polycab shares tumble on tax evasion report - 5 months ago
"The company asserts its commitment to compliance and transparency, having fully cooperated with the Income Tax Department officials during the search proceedings in Dec '23," said Polycab in the release.
Economic Times

LIC records 93.8% surge in December premium - 5 months ago
LIC reported a 93.8% increase in premiums from ₹11,858.5 crore to ₹22,981.3 crore mainly due to growth in group business.
Economic Times

Stocks in news: Delta Corp, IRCTC, Polycab India, Shyam Metalics, M&M - 5 months ago
The union government has nominated Sanjay Kumar Jain for additional charge as IRCTC CMD. Accordingly, Seema Kumar relinquished additional charge for the post of IRCTC CMD.
Economic Times

StanChart funds Rs 700 crore debt for ReNew arm - 5 months ago
The parent company, ReNew, has provided a corporate guarantee for the full amount raised by the SPV. The corporate guarantee is unconditional, irrevocable, and legally enforceable, according to a rating report by Care Ratings.
Economic Times

Bajaj Auto tops M&M in m-cap to regain 3rd largest auto co tag - 5 months ago
The market capitalisation of one of the country’s largest two- and three-wheeler makers surged to Rs 2.09 lakh crore on Tuesday, crossing M&M’s market value of Rs 2.03 lakh crore. Maruti Suzuki is the most valuable automaker, followed by Tata Motors.
Economic Times

Private life insurers expected to report modest growth in Q3 - 5 months ago
The share of Unit-Linked Insurance Plans (ULIPs) is likely to rise, in lockstep with the surge in stock indices, slowing the growth in Value of New Business (VNB) margins.
Economic Times

Zee stock plunges on reports of Sony deal cancellation - 5 months ago
"We wish to reiterate that the company is committed to the merger with Sony and is continuing to work towards a successful closure of the proposed merger," it said in a clarification to the exchanges.
Economic Times

Stock Radar: Coastal Corporation hits fresh 52-week high in January; should you buy the stock? - 5 months ago
Coastal Corporation is a micro-cap stock with a market capitalisation of Rs 430 crore (as on 9 January 2024). It is one of the leading producers and exporters of high-quality aquaculture seafood products across the globe. The micro-cap stock rose from Rs 255 on 8th December 2023 to Rs 326 recorded on 8th January, which translates into an upside of over 27% in a month. It rose more than 15% in a week.
Economic Times

Juniper soars 21% on reports Hewlett Packard Enterprise close to $13-billion deal - 5 months ago
HPE, grappling with sluggish demand in its traditional server business, is looking to tap into Juniper's offerings such as network security and AI-enabled enterprise networking operations (AIOps).
Economic Times

Wall St drops as Treasury yields drag megacaps; inflation data eyed - 5 months ago
At 9:37 a.m. ET, the Dow Jones Industrial Average was down 232.22 points, or 0.62%, at 37,450.79, the S&P 500 was down 25.67 points, or 0.54%, at 4,737.87, and the Nasdaq Composite was down 96.80 points, or 0.65%, at 14,746.97.
Economic Times

NFRA bans 2 entities for professional misconduct in Seya Industries matter - 5 months ago
​The National Financial Reporting Authority (NFRA) has imposed a fine of Rs 20 lakh on an auditor and barred him for 10 years for professional misconduct in the matter of Seya Industries Ltd.
Economic Times

Market Trading Guide: Shipping Corporation among 4 stock recommendations for Wednesday - 5 months ago
Equity markets were off to a decent start in early trade on Tuesday, but profit-booking meant that the indices gave up gains to close marginally higher. Mixed cues from Asian markets as well as high valuation concerns also dented sentiments.
Economic Times

Bajaj Auto pips Mahindra & Mahindra to become third most valuable automobile company in India - 5 months ago
The market capitalisation of one of the country’s largest two- and three-wheeler makers surged to Rs 2.09 lakh crore on Tuesday, crossing M&M’s market value of Rs 2.03 lakh crore. Maruti Suzuki is the most valuable automaker, followed by Tata Motors.
Economic Times

Zee-Sony merger: Zee Ent clarifies working towards successful closure of the deal - 5 months ago
Zee Entertainment on Tuesday said it is "committed" to the merger with Sony Pictures Networks India and is working towards a "successful closure" of the transaction that will create the country's largest media house worth USD 10 billion. The deadline of completion of the merger with Sony Pictures, now known as Culver Max Entertainment Private Ltd (CMEPL), has been extended for a month till January 21 after Zee Entertainment Enterprises Ltd (ZEEL) sought an extension under the Merger Cooperation Agreement signed between them two years before.
Economic Times

US stocks open lower as rising Treasury yields pressure megacaps - 5 months ago
The Dow Jones Industrial Average fell 159.46 points, or 0.42%, at the open to 37,523.55.
Economic Times

Trend Tracker: This MF category saw highest growth in December 2023 - 5 months ago
According to Nuvama’s latest report, equity mutual funds saw an uptick in December with Rs 170 billion inflows, compared with November's Rs 155 billion. This growth drove equity MF folios to a record 112.99 million in December, showcasing market resilience. Here’s a look at the category-wise flows into mutual funds and the AUM growth in December 2023. (Source: Nuvama)
Economic Times

Sony-Zee merger: What could spoil creation of $10 billion media giant? - 5 months ago
Sony and Zee's merger discussions have been ongoing for two years, but there has been no progress. This has caused concern for nearly 400,000 shareholders of Zee Entertainment Enterprises. The stock on Tuesday crashed 14% after reports suggested Sony Group is close to calling off the proposed $10 billion merger between its India operations with Zee Entertainment Enterprises. However, Zee dismissed these rumours as "baseless" and affirmed its commitment to the merger with Sony.
Economic Times

Trend Tracker: Mutual fund category that saw maximum growth in December 2023 - 5 months ago
According to Nuvama’s latest report, equity mutual funds saw an uptick in December with Rs 170 billion inflows, compared with November's Rs 155 billion. This growth drove equity MF folios to a record 112.99 million in December, showcasing market resilience. Here’s a look at the category-wise flows into mutual funds and the AUM growth in December 2023. (Source: Nuvama)
Economic Times

Profit Churners! These 7 Nifty companies can report over 40% YoY growth in PAT - 5 months ago
As many as seven companies from the Nifty50 pack could report a sharp growth in their bottomline for the quarter ended December 2023. ETMarkets shortlisted those companies that could see over 40% jumps in Q3 profits. Estimates are by Motilal Oswal:
Economic Times

Technical Breakout Stocks: How to trade Adani Ports, IRB Infrastructure and Patanjali Foods on Wednesday - 5 months ago
Sectorally, buying was seen in realty, power, auto, healthcare and capital goods stocks while banks, telecom and FMCG stocks witnessed some selling pressure.
Economic Times

Nifty Bank forms bearish candle, falls below 20-DMA; support seen at 47,000 - 5 months ago
AU Small Finance Bank, IDFC First Bank, HDFC Bank, Axis Bank, and SBI were among the top losers, while buying was seen in Federal Bank, Bandhan Bank, and Kotak Mahindra Bank. The Nifty Bank index formed a bearish candle today and the next big support is placed around 47,000. A breach below the same could trigger another round of selling, suggest experts.
Economic Times

Tech View: Nifty forms Inside Bar candle on daily chart. What traders should do on Wednesday - 5 months ago
“Below 21,725/72,000, the weak sentiment is likely to continue. Below the same, the market could retest the level of 21,500/71,100. Further down side may also continue, which could drag the index till 21,435/70,850,” said Shrikant Chouhan of Kotak Securities
Economic Times

Sensex tanks 650 pts from day's high, ends 31 pts higher; Nifty holds 21,500; financial stocks drag - 5 months ago
Equity benchmarks Sensex and Nifty on Tuesday closed moderately higher after a fag-end sell-off minimised the handsome gains posted in early trading. After rising sharply during the day, the 30-share BSE Sensex trimmed most of the gains during the fag-end and ended marginally higher by 30.99 points or 0.04 per cent at 71,386.21. The Nifty also gave up most of the intra-day gains and ended 31.85 points or 0.15 per cent up at 21,544.85. During the day, it climbed 211.45 points or 0.98 per cent to 21,724.45.
Economic Times

Sensex tumbles 650 pts from day's high on reversals in banks - 5 months ago
While the market breadth remained marginally skewed in favour of the bulls with 27 stocks in Nifty trading in the green, several heavy-weights pared-off morning gains. The top gainers were Hero MotoCorp, Adani Ports, SBI Life Insurance Company, Apollo Hospitals and Adani Enterprises while biggest laggards included Britannia Industries, Bajaj Finserv, Nestle India, HDFC Life and Asian Paints.
Economic Times

Smallcap stock rallies 7% after getting good news from Ayodhya - 5 months ago
Genesys’ New India map platform integrates cutting-edge 2D navigation and a 3D digital twin of the entire city, offering an unparalleled and immersive experience for users.
Economic Times

Tata Motors shares hit 52-week high on JLR Q3 updates - 5 months ago
Following the updates, brokerage Motilal Oswal reiterated a buy on the Tata Motors stock for a price target of Rs 800 which is a 14% upside over the Monday closing price of Rs 789.
Economic Times

Zee Entertainment shares off 2-month lows; is merger with Sony still on cards? - 5 months ago
On Monday, Bloomberg reported that Sony Group is looking at calling off the $10-billion merger deal with Zee, citing regulatory issues that Punit Goenka is entangled in. The news report upset D-Street investors and saw Zee shares plunging as much as 14% in early trade and hit an over two-month low of Rs 240.30.
Economic Times