SBI among 5 Nifty companies that may clock over 15% YoY fall in Q3 PAT - 6 months ago
The December quarter earnings season is set to kick off this week for Nifty50 companies. TCS, Infosys, HCL Tech and Wipro are the ones slated to post their Q3 numbers between Thursday and Friday, with most analysts pencilling in a weak show. Here's a look at the Nifty50 companies that may post an over 15% year-on-year (YoY) decline in Q3 PAT, according to estimates by Motilal Oswal:
Economic Times

These 4 Nifty50 companies are all set to announce their Q3 show this week - 6 months ago
4 IT heavyweights are all set to kickstart the Q3 earnings season this week. These IT majors. Take a look at what’s expected from them
Economic Times

Smallcap stock with Lakshadweep connection flies 20% higher - 6 months ago
Praveg, which runs luxury resorts in tourist locations like Rann of Kutch, had last month received a work order for the development of operation, maintenance, and management of at least 50 tents at Agatti Island in the Union Territory of Lakshadweep.
Economic Times

Tech View: Nifty forms bearish engulfing candle. What should traders do on Tuesday - 6 months ago
Open Interest (OI) data showed that the call side displayed the highest OI at the 48,000 level, closely followed by 48,500 strike prices. Conversely, on the put side, the highest OI was observed at the 47,000 strike price.
Economic Times

Boeing shares slide 8% in Frankfurt, US pre-market after MAX 9 groundings - 6 months ago
A piece of fuselage tore off an Alaska Airlines jet on Friday following takeoff from Portland, Oregon, forcing pilots to turn back. Jefferies said in a note that the latest Boeing incident could slow aircraft production if manufacturing and installation processes are subject to further regulatory probes.
Economic Times

Sensex crashes 671 points; 4 reasons why bears growled on D-Street today - 6 months ago
The overall sentiment was hit globally after data in the US showed that non-farm payrolls increased higher than expected by 216,000 in December. While the US Fed has guided for three rate cuts in 2024, the strong jobs report diminished prospects of early cut in interest rates by the US Fed.
Economic Times

Sensex tanks 671 pts on broad-based selloff; Nifty near 21,500 - 6 months ago
Closing Bell: Sensex tanks 671 pts on broad-based selloff; Nifty near 21,500; PSU bank index tumbles 2%
Economic Times

Boeing shares slide 8% in premarket trading after MAX 9 groundings - 6 months ago
A piece of fuselage tore off an Alaska Airlines jet on Friday following takeoff from Portland, Oregon, forcing pilots to turn back. Jefferies said in a note that the latest Boeing incident could slow aircraft production if manufacturing and installation processes are subject to further regulatory probes.
Economic Times

Mamaearth shares surge 10% on likely block deal worth Rs 142 crore - 6 months ago
The Mamaearth stock witnessed strong investor interest as nearly 51 lakh shares traded on the NSE around 2:35 pm. The traded value of the shares stood at Rs 227.14 crore. On BSE too, the stock hit the upper circuit with volumes shooting up by 1.67 times around this time.
Economic Times

ET Explainer: Price-to-Book Ratio - 6 months ago
Price-to-Book ratio is a metric that investors use extensively to determine the valuation of a stock. It helps to understand if a stock is undervalued or overvalued. It is calculated by comparing the current market price of a stock with its book value. The book value is a measure of a company's total assets excluding its total liabilities.
Economic Times

Motilal Oswal tweaks model portfolio ahead of Q3FY24 earnings. Here’s what changed - 6 months ago
Motilal remains a “firm believer” in the medium-term India story and expects these trends to strengthen with multiple themes at play viz. financialisation of savings, private capex revival, rising discretionary consumption, strengthening of real estate cycle, and the massive creation of digital and physical infrastructure.
Economic Times

Tata Steel fixes Jan 19 as record date to allot shares to TCIL shareholders - 6 months ago
​ Tata Steel has fixed January 19 as the record date to determine the shareholders of TCIL, for allocating the company's shares as per the scheme of amalgamation.
Economic Times

Shyam Metalics QIP: Madhusudan Kela’s trust gets over 5% allotment. Reliance Commercial Infra corners highest portion - 6 months ago
In its filing to the exchanges on Friday, Shyam Metalics informed that the company's QIB Committee had approved the issue and allotment of over 2.40 crore equity shares of a face value of Rs 10 each to these QIBs at the issue price of Rs 576 per equity share aggregating to Rs 1,385.34 crore.
Economic Times

Betting on VFX! Ashish Kacholia buys 2.3% stake in this SME company that has made a killing since IPO - 6 months ago
Ashish Kacholia bought 5.47 lakh shares in the Chennai-based Basilic Fly Studio. The company is in the process of setting up a studio in Hyderabad from the funds raised via the IPO.
Economic Times

Another round of re-rating? 5 stocks from textile sector with upside potential of up to 34% - 6 months ago
There are sectors which under perform for years and then they come back to focus. Post covid, partially due to China Plus one narrative, plus the fact that the government has come out with the PLI scheme, the textile sector is back in focus. But there is another macro issue, which is that textile has been completely dominated by China and other countries. The Indian textile industry has been in bad shape for decades. Given the operating matrix, will PLI scheme and other support be enough for these companies to see a sustained growth to profitability. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum.
Economic Times

Indian stocks get first ETF in Gulf Region as UAE deepens ties - 6 months ago
Lunate Capital LLC is launching the Chimera S&P India Shariah ETF, replicating the performance of the S&P India Shariah Liquid 35/20 Capped Index. The fund will track the performance of Shariah-compliant Indian equities listed on the Bombay Stock Exchange.
Economic Times

Technical Stock Pick: 20% rally in 3 months! Buy this PSU stock on dips for a target above Rs 500 in next 3-4 weeks - 6 months ago
The PSU Bank rose from Rs 371 on 5th October 2023 to Rs 461 recorded on 5th January 2024 which translates into an upside of over 24% in 3 months.
Economic Times

Titan Company shares hit 52-week high on Q3 updates - 6 months ago
With a return of over 50% in the past 12 months, Titan shares have outperformed the Nifty which has delivered nearly 20% returns during this period.
Economic Times

Trident shares unbeaten rally extends to 29% in 7 sessions. Here’s why - 6 months ago
The rally sparked after the company informed the exchanges that the company enhanced its existing capacity of the yarn business at the Budhni unit in Madhya Pradesh. The disclosure was made on December 29.
Economic Times

MS Dhoni-backed company among 10 startups expected to launch IPOs this year - 6 months ago
Even though 2023 has been a good year for the primary, only a handful of new age tech companies accessed the public markets. However, as many as 10 startups have announced their plans for IPOs and are looking to launch their issues this year if things go well as planned. Here's a look
Economic Times

IT stock set to give 4% gain as food aggregator aims at 5% return - 6 months ago
Nifty opened strong and found the day’s high soon, but it slipped into negative territory later. However, the index closed with a gain.
Economic Times

Sula Vineyards shares zoom up to 14%; CLSA raises target price - 6 months ago
Sula Vineyards is the largest producer and seller of wine in India, with over 60% market share in elite and premium wines in the domestic 100% grape wine market.
Economic Times

Hot Stocks: Brokerage views on Marico, GCPL and Titan - 6 months ago
Morgan Stanley has maintained an Equal weight' stance on the Marico stock for a price target of Rs 553. In a note it said that the environment of no to low top-line growth persists which is a constraint on profitability in the general trade channel and remains an overhang for the FMCG sector as a whole.
Economic Times

Godrej Consumer Products shares drop 6%. What sparked the sell-off? - 6 months ago
While stating that the demand environment remains similar to that witnessed in Q2, Godrej Consumer Products expects consolidated revenue to decline in low-single digits YoY in INR terms.
Economic Times

Eye on IT stocks ahead of Q3 results; HCL Technologies, Cyient top picks - 6 months ago
The seasonality is likely to hurt revenue growth and margin performances of both tier-1 and tier-2 IT companies.
Economic Times

Technical Stock Pick: 20% rally in 3 months! This PSU bank hit fresh record high in January 2024 - 6 months ago
The PSU Bank rose from Rs 371 on 5th October 2023 to Rs 461 recorded on 5th January 2024 which translates into an upside of over 24% in 3 months.
Economic Times

Rs 43,000 crore bet! FII investment in this heavyweight sector jumps 6x in a year - 6 months ago
Foreign portfolio investors pumped in more than Rs 43,300 crore into the capital goods sector in 2023, and this was nearly six times higher than that in 2022, data by NSDL showed.
Economic Times

Fundamental Radar: NMDC set to surpass 50 million tonne iron ore output in FY25: Motilal Oswal - 6 months ago
Over FY25, NMDC is likely to surpass a production of 50 million tonne, believes Motilal Oswal Financial Services. The traction in production volumes would be driven by improved capacity and strong domestic demand, it said.
Economic Times

Kaushalya Logistics shares list at 33% premium over IPO price - 6 months ago
Ahead of the listing, the company's shares traded with a premium of Rs 38 in the unlisted market. The IPO was priced in the range of Rs 71-75.
Economic Times

Fundamental Radar: NMDC set to surpass 50 mln tn iron ore output in FY25, Motilal Oswal - 6 months ago
NMDC Ltd is on track to produce 46 million tonne iron ore in FY24 after producing 27.3 million tonne in Apr-Nov period. Over FY25, NMDC is likely to surpass 50 million tonne production, driven by improved capacity and strong domestic demand, says Sneha Poddar of Motilal Oswal Financial Services.
Economic Times

Jyoti CNC Automation IPO opens on January 9: 10 things to know before subscribing - 6 months ago
The initial public offering (IPO) of Jyoti CNC Automation will open for subscription on January 9. The issue closes on January 11. The company's shares are expected to get listed on both the exchanges. Here are 10 things to know about the offer.
Economic Times

New year wishlist for Mukesh Ambani from 37 lakh shareholders of Reliance Industries - 6 months ago
While it is not known what's on the top of to-do list for the Ambanis, investors are anxiously awaiting the listing of Reliance Jio and Reliance Retail. The IPOs will not only lead to value unlocking for 37 lakh shareholders of RIL but can also act as a re-rating trigger.
Economic Times

Tech picks: Trident, APL Apollo among 4 stocks to buy for returns of up to 27% - 6 months ago
The Indian market began the new year on a muted note amid weak global cues and uncertainty around future rate cuts. In the coming week, equities will take cues from quarterly earnings besides any domestic and global macro data.In this setup, here are four stocks to buy for an upside up to 27%
Economic Times

Sensex, Nifty open with minor gains amid pressure in financial stocks - 6 months ago
The market breadth was skewed in favour of the bulls with 30 stocks trading in the green. Bharat Petroleum Corporation (BPCL), Eicher Motors, Titan Company, Adani Ports and ONGC were among the top gainers while Tata Consultancy Services (TCS), Bajaj Finance, Infosys, Divi's Laboratories and Tata Consumer Products were among the top laggards.
Economic Times

Sensex rises marginally; Nifty above 21,700; BoB falls 4% - 6 months ago
Sensex rises marginally; Nifty above 21,700; Sula Vineyards surges 7%, BoB falls 4%; Titan, Tata Motors, L&T are some of the gainers in the morning trade.
Economic Times

4th year of bull run on D-Street: Time to ponder a 'one foot out of the door' plan? - 6 months ago
While the urge to be ahead of the curve in determining market tops is strong, the overwhelming desire to make the most out of bull rallies overrides any cold logic.
Economic Times

Buy or Sell: Stock ideas by experts for January 08, 2024 - 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 Escorts Kubota and Poonawalla Fin, while Vinay Rajani has a buy/sell recommendation on ICICI Bank and Birlasoft for today's trading session. Check out the targets and stoploss.
Economic Times

Tech picks: Trident, APL Apollo among 4 stocks to buy for returns up to 27% - 6 months ago
The Indian market began the new year on a muted note amid weak global cues and uncertainty around future rate cuts. In the coming week, equities will take cues from quarterly earnings besides any domestic and global macro data.In this setup, here are four stocks to buy for an upside up to 27%
Economic Times

Big movers on D-Street: What should investors do with Century Textiles, HAL and Tata Steel? - 6 months ago
Stocks that were in focus included names like Century Textiles, which rose 0.84%, HAL, which jumped 3.30%, and Tata Steel, whose shares declined 0.8% on Friday.
Economic Times

Asian shares on guard for inflation, earnings tests - 6 months ago
There was more promising news from Washington where U.S. congressional leaders agreed on a $1.6 trillion spending deal aimed at averting a partial government shutdown.
Economic Times

Quant market participants set up industry body Laqsa - 6 months ago
Quant investing strategies involve the use of advanced mathematical models to trade in financial markets.
Economic Times

Stock Radar: Pharma stocks in focus! Divi’s Lab hits fresh 52-week high in January; time to buy? - 6 months ago
“A fresh breakout has also been observed above the neckline of the “Inverted Head & Shoulder pattern” visible on weekly charts of Divi’s Laboratories. Traders can buy for a target of Rs 4550 in the next 4-6 weeks,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.
Economic Times

Wait until Jyoti CNC IPO lists to evaluate its cutting edge - 6 months ago
Revenue grew by 26% annually to ₹929 crore between FY21 and FY23 while operating profit (Ebitda) rose 75% to ₹97.3 crore with an Ebidta margin of 10.48%.
Economic Times

Encore ARC acquires IndoStar Capital's distressed loan book of Rs 292 crore - 6 months ago
Brookfield and Everstone-backed IndoStar sells bad loans under a senior-junior structure under a Swiss auction. The senior class comprises 38-40% of the principal amount which Encore will pay as upfront cash. The junior class which is 60-62% of principal loan, is split into cash and security receipts. Of the junior class, IndoStar would receive cash and subscribe to the security receipts.
Economic Times

Sion Panvel Tollways gets three bids - 6 months ago
The company that defaulted on its ₹1,536 crore loan has received bids from Kalyan Tollways, Prakash Asphaltings & Toll Highways (India), and a consortium.
Economic Times

It could be time to ponder a 'one foot out of the door' plan - 6 months ago
While the urge to be ahead of the curve in determining market tops is strong, the overwhelming desire to make the most out of bull rallies overrides any cold logic.
Economic Times

Stocks in news: Titan, Marico, Bajaj Auto, Adani Wilmar, Tata Steel - 6 months ago
Consumer discretionary major Titan Co saw 22% revenue growth for the third quarter ended December. The growth was broad-based as most of the segments put up a healthy performance during the quarter.
Economic Times

Nifty companies' Dec quarter profit may grow in double digits - 6 months ago
Net profit in the December 2023 quarter for the Nifty 50 constituents is expected to climb 15%, compared with 7.6% growth in the year-ago period. To be sure, the year-on-year profit growth was above 25% in each of the two previous quarters, reflecting the base effect.
Economic Times

Bank borrowings increase by 67 per cent in 2023 - 6 months ago
Reserve Bank of India (RBI) data showed average bank borrowings on a fortnightly basis were at Rs 6.39 lakh crore from January 13 to December 15, 2023. That's 67% higher than average fortnightly borrowing of Rs 3.81 lakh crore over the comparable period in 2022.
Economic Times

JC Flowers ARC, Acre, Edelweiss among bidders for Yes Bank's Rs 4,200-cr NPA pile - 6 months ago
The corporate portfolio includes eight accounts that turned non-performing after 2019. These include Prometheon Enterprises with a debt of ₹1,496 crore, Malvern Travels, UK, with a debt of ₹537 crore, and Katerra India with ₹521 crore.
Economic Times