IndiGo unlikely to gain share as rivals' business plans take off - 6 months ago
Historical data show that an airline gains market share or improves margins amid weak competition. This was true for InterGlobe as well. Apart from expanded market share, its operating margin before depreciation and amortisation (Ebitda margin) improved to 31.2% in the June 2023 quarter from 20.9% in the March 2023 quarter despite buoyant crude oil prices at the time. Factors such as fund crunch, delays in delivery of planes and relatively weak balance sheets of rivals contributed to InterGlobe's performance.
Economic Times

Work likely to get affected as SAT now has only one member - 6 months ago
The functioning of SAT which hears appeals against orders by the capital markets regulator is likely to be affected after the retirement of the presiding officer. SAT has a sanctioned strength of three judges. The lack of a presiding officer will lead to an increase in litigation as appeals filed before SAT against adjudication orders passed by Sebi will remain pending, said securities lawyers.
Economic Times

ET Explains: Allegations against Adani Group, Sebi probe and SC Order - 6 months ago
Supreme Court recently rejected pleas to either form a special investigation team (SIT) or direct the Central Bureau of Investigation (CBI) to probe US short-seller Hindenburg Research's charges against the infrastructure conglomerate. Now, Sebi will now be the sole regulator examining allegations of rule violations by Adani Group. The case is based on US-based short seller Hindenburg Research published a report alleging malfeasance by the Adani Group.
Economic Times

SC ruling to decide fate of TRCs, tax notices to investors - 6 months ago
The apex court this week has given an interim stay on a significant Delhi High Court ruling in early 2023 that a tax residency certificate (TRC) is sufficient for a foreign investor's claim to pay zero or lower tax under treaties between India and overseas jurisdiction like Mauritius, Singapore and The Netherlands.
Economic Times

Bank clients can cheer, FDs set to pay higher for longer - 6 months ago
Last week, State Bank of India (SBI) hiked its fixed deposit (FD) rates in select tenures by 25 to 50 basis points. The bank is also offering a special 7.10% deposit for a tenure of 400 days which is valid till March 31, 2024. One basis point is 0.01 percentage point.
Economic Times

Stock Radar: Tata Steel hits fresh 52-week high in January. Should you buy, sell or hold the stock? - 6 months ago
The low of Rs 114 also corresponds to the 50-week moving average on the weekly charts. The stock, after giving a breakout from a falling trendline resistance in July 2023 on the weekly charts, has been gaining momentum.
Economic Times

Wall St climbs on financials boost; investors parse jobs data - 6 months ago
Private payrolls increased by 164,000 in December, compared with a 101,000 rise the month before. The report comes ahead of the official employment data due on Friday.
Economic Times

Apple suffers second rating downgrade in tough start to 2024 - 6 months ago
The company's shares dropped 1.7% to an eight-week low of $181.20 on Thursday. If the losses hold, Apple stands to lose $47.4 billion of its value for the day.
Economic Times

Market Trading Guide: BSE, REC among 5 stock recommendations for Friday - 6 months ago
India's benchmark indices rose on Thursday, led by financials on strong business updates and energy stocks on investment plans. The S&P BSE Sensex closed 0.69% higher at 71,847, while the NSE Nifty 50 index closed above the 21,650 level."The short-term trend of Nifty seems to have reversed on the upside after two sessions of minor weakness. Nifty sustaining above 21,550-21,600 levels could possibly open the next upside towards 21,850-21,900 levels and higher in the near term. Immediate support is at 21,550," said Nagaraj Shetti, senior technical research analyst at HDFC Securities.
Economic Times

Grasim sets rights issue price at Rs 1,812 per share - 6 months ago
Grasim Industries will issue 2.21 crore shares on a partly-paid up basis, with the face value of each share at Rs 2, and a premium of Rs 1,810 rupees per share, the company said in an exchange filing.
Economic Times

From maker of Officer's Choice whisky to an ISRO-linked company, 5 IPOs that may open in January - 6 months ago
The primary market anticipates a robust start to the new year with as many as five IPOs scheduled to launch in January. This month's initial public offerings are highly anticipated, and market analysts are keeping a close eye on them. If you're an investor or a stock enthusiast, here are the top five IPOs to watch out for this month. Watch!
Economic Times

S&P 500, Nasdaq open lower after robust jobs data - 6 months ago
The Dow Jones Industrial Average rose 51.2 points, or 0.18%, at the open to 37,498.28.
Economic Times

Govindayapalli Ram Mohan Rao takes charge as Sebi's executive director - 6 months ago
​Sebi on Thursday said Govindayapalli Ram Mohan Rao has taken charge as an executive director and will handle the departments of investigation and internal inspection. Earlier, Rao was the regional director of the eastern regional office of Sebi (Securities and Exchange Board of India).
Economic Times

Interglobe Aviation’s market share likely to face pressure amid stiff competition - 6 months ago
Historical data shows that an airline gains market share or improves margins amid weak competition. This was true for Interglobe as well. Apart from expanded market share, its operating margin before depreciation and amortisation (EBITDA margin) improved to 31.2% in the June 2023 quarter from 20.9% in the March 2023 quarter despite buoyant crude oil prices at the time.
Economic Times

Grasim to issue rights shares at Rs 1,812/share; sets January 10 as record date - 6 months ago
Grasim Industries Ltd it will issue shares on rights basis at Rs 1,812 per share. It will issue 2,20,73,935 equity shares. Unit-holders will get 6 rights shares for every 179 fully paid-up equity shares of the company held by them, as on the record date.
Economic Times

Technical Breakout Stocks: How to trade Sobha, Torrent Power and Tata Consumer on Friday - 6 months ago
Stocks that were in focus include names like Sobha Ltd which was up more than 16% to hit a fresh record high, Torrent Power gained more than 7% and Tata Consumer Products closed with gains of over 3% to hit a fresh record high.
Economic Times

These ET 500 companies have reported higher profits in first half of FY24 than in the whole of FY23 - 6 months ago
According to an ETIG analysis, there are 45 companies in the latest ET 500 listing which have reported higher net profit in the first half of FY24 compared with the full year profit in FY23. In addition, these companies have also expanded operating margin before depreciation and amortisation (EBITDA margin
Economic Times

Asian Paints, Glenmark Pharma among 5 stocks with top short covering - 6 months ago
Short covering refers to the buying of shares to close an existing short position or a position that has been sold. Short covering signals a shift in view so far as a security is concerned from extreme bearishness to bullishness. In Thursday's trading session, five stocks saw top short covering. Here's the list:
Economic Times

How this Chinese EV maker pipped Elon Musk’s Tesla in sales - 6 months ago
The less flashy Chinese electric vehicle maker BYD has overtaken market leader Tesla as the top seller of electric cars in the last three months of 2023. In this video let's find out all about BYD and how it outdid Tesla.
Economic Times

Where are gold, silver, oil and other key commodities headed in 2024 - 6 months ago
Gold prices rallied sharply in 2023 and moved above $2000 amid a correction in the dollar and US treasury yields after the US Fed hit a pause button on its rate hike campaign and signaled rate cuts in 2024. Additionally, prices remained firm due to central bank buying and escalating geopolitical tensions.Base metals underperformed last year despite stimulus packages from China to support economic recovery and hopes of rate cuts across economies. Crude Oil prices slipped in 2023 by more than 10% amid slowing demand growth and increasing crude oil supplies from non-OPEC countries. Now let's take a look at the commodity outlook for 2024 (Source: ICICIDirect)
Economic Times

Tech View: Nifty forms Inside Bar candle on weekly expiry. What Nifty traders should do on Friday - 6 months ago
Open Interest (OI) data showed the call side displayed the highest OI at the 49,000 level, closely followed by the 49,500 strike prices. Conversely, on the put side, the highest OI was observed at the 48,000 strike price.
Economic Times

Technical Breakout Stocks: How to trade Sobha, Torrent Power and Tata Consumer on Friday? - 6 months ago
Stocks that were in focus include names like Sobha Ltd which was up more than 16% to hit a fresh record high, Torrent Power gained more than 7% and Tata Consumer Products closed with gains of over 3% to hit a fresh record high.
Economic Times

Adani Enterprises, Biocon among 5 stocks with top long unwinding - 6 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 Thursday's trading session, five stocks witnessed a top long unwinding. Here's the list:
Economic Times

Exit Route: Paytm, Zomato among 6 companies that saw most PE exits in 2023 - 6 months ago
In 2023, Indian equities experienced a stellar bull run, outshining all emerging market counterparts. The robust secondary market presented PE and VC firms with a golden opportunity for profitable exits, thanks to a consistent influx of flows, notably from DIIs. Consequently, 2023 witnessed record-breaking PE and VC exits via secondary markets in India's equity history. In total, 78 companies saw PE exits, totalling Rs 975 billion. Here are 6 such significant deals. (Source: Nuvama)
Economic Times

Sensex rebounds after 2-session fall, climbs 491 points led by financials; investors gain Rs 3.35 lakh crore - 6 months ago
High weightage Nifty Financials rose 1.22%, after shedding 1.29% over the last four sessions. Nifty Realty index surged 6.76% to a new record high, led by Sobha, Macrotech Developers, Godrej Properties, and DLF.
Economic Times

Rs 1.76 lakh crore bet! India sees highest-ever FPI inflows in rupee terms in 2023 - 6 months ago
In December, FPIs bought shares worth more than Rs 58,498 crore, the highest purchase by them in a month since November 2020. In November 2020, they had bought shares worth Rs 70,896 crore.
Economic Times

Jyoti CNC Automation sets IPO price band at Rs 315-331 per share - 6 months ago
The IPO of Jyoti CNC will open for public subscription on January 9 and end on January 11. The anchor book of the offer will be opened for a day on January 8, the company announced.
Economic Times

Sensex breaks 2-day losing streak, jumps 491 pts; Nifty above 21,650; banking stocks rally - 6 months ago
Equity benchmark indices Sensex and Nifty rebounded on Thursday after falling in the past two days and ended nearly 1 per cent higher, mainly on buying in HDFC Bank and Bajaj Finance. The 30-share BSE Sensex jumped 490.97 points or 0.69 per cent to settle at 71,847.57 points. During the day, it rallied 598.19 points or 0.83 per cent to 71,954.79 points. The Nifty climbed 141.25 points or 0.66 per cent to 21,658.60 points.
Economic Times

Globus Spirits, Maruti, RIL among 20 high-conviction stock ideas for January - 6 months ago
Incred Equities remains most bullish on Globus Spirits where it sees an upside of whopping 188%. Its recommendation is an 'add' for a price target of Rs 2,519.
Economic Times

4 Adani stocks among 6 largecap shares that outperformed Nifty50 - 6 months ago
Domestic benchmark equity indices rose on Thursday, led by banking, financial and IT stocks, even as investors remain concerned over the timing of a US rate cut after the Federal Reserve's minutes. As per data available on StockEdge, several largecap stocks outperformed the benchmark Nifty50 index on a 1-week and 3-month basis as of January 3. Here's a list:
Economic Times

Sensex climbs 491 points after 2-session fall led by financials; investors gain Rs 3.35 lakh crore - 6 months ago
High weightage Nifty Financials rose 1.22%, after shedding 1.29% over the last four sessions. Nifty Realty index surged 6.76% to a new record high, led by Sobha, Macrotech Developers, Godrej Properties, and DLF.
Economic Times

Rs 1.76 lakh crore bet! India sees highest-ever FPI inflows in rupee terms 2023 - 6 months ago
In December, FPIs bought shares worth more than Rs 58,498 crore, the highest purchase by them in a month since November 2020. In November 2020, they had bought shares worth Rs 70,896 crore.
Economic Times

Record monthly FPI buying in December drives India's Nifty 50 to record highs - 6 months ago
FPIs bought shares worth 427.33 billion rupees in the first half of December, marking a fortnightly record, driven by lower U.S. bond yields amid expectations of interest rate cuts by the Federal Reserve.
Economic Times

4 Adani stocks among 6 largecap shares outperformed Nifty50 - 6 months ago
Domestic benchmark equity indices rose on Thursday, led by banking, financial and IT stocks, even as investors remain concerned over the timing of a US rate cut after the Federal Reserve's minutes. As per data available on StockEdge, several largecap stocks outperformed the benchmark Nifty50 index on a 1-week and 3-month basis as of January 3. Here's a list:
Economic Times

European shares rebound from three-week lows; healthcare, energy lead gains - 6 months ago
EUROPE-STOCKS/ (URGENT)European shares rebound from three-week lows; healthcare, energy lead gains
Economic Times

Getting back into shape? 6 Indian pharma stocks with upside potential of up to 41% - 6 months ago
The year 2024, started with a correction in nifty, but one set of stocks which were able to outperform were pharma stocks. While it might appear to be a sudden up move, if one looks at what has happened in the pharma sector in the last eight years, there is a good chance that right from valuation readjustments to changing business model might play a role bringing the large pharma companies back into limelight. Infact some of these stocks have quietly inched upward in the last few months. It might be too early to call, but if a re-rating plays out in this space, it might surprise many in terms of price movement.
Economic Times

Contra view! Realty stocks deliver skyscraping returns in last 1 year. Time to get off the escalator? - 6 months ago
"I see that the stock prices leave no room for comfort because now the pricing is going beyond the common man's reach," analyst Sanjiv Bhasin told ET Now. He said this referring to the escalation in property prices notwithstanding a benign input cost.
Economic Times

Tata Consumer Products, IndusInd Bank among 5 largecap stocks that hit new 52-week high on Thursday - 6 months ago
Indian equity indices opened with gains on Thursday led by banking, financial and IT stocks, even as investors remain concerned over the timing of a US rate cut after the Federal Reserve's minutes. Meanwhile, during this rally, five largecap stocks hit new 52-week highs. Here's a list:
Economic Times

For possible volatile markets: 4 largecap stocks from different sectors with upside potential of up to 26% - 6 months ago
After a minor corrective phase, while the mid and small caps are once again in party mode, large caps have been lagging in a relative manner. But investing in not about a quarter or week, it is much more than them. If one looks at the long term, large caps are able to outperform and create wealth in a more sustainable manner. So probably a short phase of underperformance due to the fact that everyone is chasing short term performance due to recency bias might be an opportunity to look at some stocks with a long term perspective.
Economic Times

Jio Financial shares rally 3%. KRChoksey says buy for target of Rs 290 - 6 months ago
"With the partnership with Blackrock for the AMC business, we expect the AUM in FY24E post-license approval and product launch to be around Rs 23.3 billion given the industry opportunities, brand equity, attraction towards the capital market, and the right choice of product basket," KRChoksey Research said.
Economic Times

IEX stock climbs 3% as total electricity volume increases 15% YoY in December - 6 months ago
The exchange witnessed a rise in electricity trading volume, reaching 8,655 MU in December 2023, up by 8.7% compared to the same month in the previous year. For the third quarter of fiscal year 2024, IEX's total volume surged to 28,326 MU, marking a 16.9% growth year-over-year.
Economic Times

Sobha shares jump over 19%, hit 52-week high. Here's why - 6 months ago
Sobha shares have given a return of 131% over the last 12 months which is higher than the Nifty Realty index and broader Nifty at 94% and 19%, respectively.
Economic Times

Jio Financial earns largecap status, Tata Tech gets midcap slot in AMFI rejig - 6 months ago
The largecap threshold now stands at Rs 67,000 crore, up from Rs 49,700 crore in June 2023. The midcap cut-off has risen to Rs 22,000 crore, compared to Rs 17,400 crore previously.
Economic Times

Hot Stocks: UBS upgrades Infosys & downgrades Wipro; JPMorgan upgrades TCS - 6 months ago
TCS has a neutral rating, but UBS raised the target price to Rs 4,050 from Rs 3,700 earlier. HCL Technologies has a neutral rating, but the target price was raised to Rs 1,540 from Rs 1,350 earlier.
Economic Times

DLF, NTPC among 5 stocks with long buildup - 6 months ago
A long buildup is when there is a rise in open interest and volumes along with an increase in the price of the underlying stock in the Futures and Options segment. The long buildup is the occurrence of a long (buying) trend in the share market. In Thursday's trading session, five stocks witnessed a build of fresh long positions. Here's the list:
Economic Times

Bajaj Auto, BPCL among 5 stocks with short buildup - 6 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 Thursday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:
Economic Times

Don’t bet against India! 4 lessons for investors from 2023: Jayesh Faria - 6 months ago
ETMarkets spoke to Jayesh Faria, Director, Regional Head- West, Motilal Oswal Private Wealth Ltd on markets in 2024 and key learnings for investors from 2023.
Economic Times

Torrent Power shares soar 13% on signing Rs 47,350 crore MoU with Gujarat government - 6 months ago
This comes as part of the investment promotion activity for Vibrant Gujarat Global Summit 2024, the company filing on Wednesday, said.
Economic Times

Adani Ports shares rally over 2% as HSBC upgrades target price - 6 months ago
It said that the Supreme Court verdict, which rejected pleas for further investigation into Adani Group on Hindenburg allegations, should cement investor confidence.
Economic Times

Technical Stock Pick: 30% fall from highs! This education stock is showing signs of bottoming out; time to buy? - 6 months ago
Short-term traders can look to buy the stock for a possible bounce back towards 300 levels in the medium term, suggest experts.
Economic Times