Biocon, Can Fin Homes 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 Tuesday's trading session, five stocks witnessed a build of fresh short positions. Here's the list:
Economic Times

​Tata Chemicals, Vodafone Idea 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 Tuesday's trading session, five stocks witnessed a top long unwinding. Here's the list:
Economic Times

Tech View: Nifty consolidating around Mt 23k for 3 days. What traders should do - 6 months ago
Analysis of OI data reveals that the call side exhibited the highest OI at the 23,000 strike price, followed by 23,500 strike prices, whereas on the put side, the highest OI was observed at the 22,500 strike price.
Economic Times

Sebi allows privately placed InvITs to issue subordinate units - 6 months ago
Capital markets regulator Sebi on Tuesday notified a framework for issuance of subordinate units by privately placed infrastructure investment trusts (InvITs).
Economic Times

PNB Housing Finance likely to see stake sale worth Rs 500 crore via block deal: Report - 6 months ago
PNB Housing Finance could see a block deal worth Rs 500 crore with undisclosed sellers. The floor price is set at Rs 717 per share, a 9% discount from the current market price. Investment Opportunities V previously sold its stake. The company reported a 26% rise in net profit in Q3 FY 2023-24.
Economic Times

Nifty to hit 26,500 in next 18 months, predicts Emkay Investment Managers - 6 months ago
The domestic brokerage expects Nifty earnings growth of 15%. It has suggested investors adopting a multi-cap approach, with equal proposition in largecaps and midcaps, to take advantage of a broad-based growth in Indian equity markets. Here are 5 themes to watch out for as suggested by Emaky.
Economic Times

Rs 3 lakh crore wiped off! Sensex, Nifty slump for third day on profit booking; RIL, banks drag - 6 months ago
Tuesday's volatile trade saw rampant profit booking. Reliance Industries, Bharti Airtel, ITC, Power Grid, ICICI Bank, and Axis Bank were the top contributors pulling down the Sensex. DOMS Industries closed 2.6% higher boosted by the company's net profit growth of 29% YoY to Rs 47 crore in the March-ended quarter.
Economic Times

Indian stocks to rise another 7% this year, says Emkay Investment - 6 months ago
Emkay Investment Managers predicts a 7% rise in India's Nifty 50 stock index by year-end, emphasizing valuations, sector preferences, and market reactions to election outcomes.
Economic Times

Sensex slumps for third day, ends 220 points lower amid profit booking; RIL, banks drag - 6 months ago
Tuesday's volatile trade saw rampant profit booking. Reliance Industries, Bharti Airtel, ITC, Power Grid, ICICI Bank, and Axis Bank were the top contributors pulling down the Sensex. DOMS Industries closed 2.6% higher boosted by the company's net profit growth of 29% YoY to Rs 47 crore in the March-ended quarter.
Economic Times

Oberoi Realty, Ashok Leyland among 5 small & midcap stocks that hit new 52-week highs on Tuesday - 6 months ago
Indian equity benchmarks advanced on Tuesday, helped by gains in metal stocks on higher global aluminium prices and an earnings-led rally in pharma shares. Meanwhile, in today's trading session, five small and midcap stocks from the Nifty200 index reached a new 52-week high. Here's the list:
Economic Times

Series AA 127- The EV transformation - Part 1: How a multibagger got fresh tailwinds & gave 22,204% return in last 20 years - 6 months ago
Below are the excerpts from its annual report of 2017-18. ELECTRIC VEHICLES – THE NEW MARKET DISRUPTOR | “We are anticipating the next market disruption through electric vehicles. We are closely reviewing and watching the situations and doing our ground level work. We are also mapping all of our existing products vis-à-vis EV to capitalise on the opportunities EV will throw at the component manufacturers, whether it is motors, batteries or any other system which will come into the electric vehicles, totally different from the conventional IC engine.” Cut to August 2023, five years down the line, the company commissions two plants for making on-board charger, off-board charger, motor control Units, DCDC converters, battery management systems, and more products catering to EV 2-wheelers and 3-wheelers. Now this is a reflection of the speed at which an auto ancillary company needs to function and also the product range it needs to have if it has to stay relevant in the changing world of the auto Industry. Foresight, planning and timely execution is the key.
Economic Times

India VIX may rise to 30 in run-up to election outcome on June 4. Should you worry? - 6 months ago
India VIX may hit 30 mark before General Election outcome on June 4, experts predict. Recent surge in volatility attributed to election uncertainties. Market expected to remain volatile, with VIX likely to retreat post-election. Investors advised caution amidst heightened volatility.
Economic Times

Minority shareholders to benefit from ITC Hotels demerger: Proxy advisory firms - 6 months ago
"The structure will enable ITC Hotels to operate with an optimal capital structure with the ability to access capital to fund its growth requirements.
Economic Times

The emerging fiscal constrictor knot & tightening logjam for market - 6 months ago
Strengthening private capex and boosting employment gains are crucial for escaping the fiscal constrictor knot. Improving global demand and household incomes can provide a potential escape route.
Economic Times

Need some stock ideas to beat volatility? These 5 bets can offer up to 36% upside - 6 months ago
Motilal Oswal Financial Services (MOFSL) has shared a list of 5 stock ideas from a 1-year investment horizon with 16-36% upside scope. Take a look: (Note: LTP as of May 24, 2024)
Economic Times

European shares struggle for direction ahead of ECB's inflation surveys - 6 months ago
European shares were subdued as investors awaited inflation surveys for insights on the ECB's monetary policy, with Germany's DAX up 0.2% post a 1.8% fall in April's wholesale prices.
Economic Times

United Spirits shares rally 3% after Q4 results. Should you buy, sell or hold? - 6 months ago
United Spirits (USL) shares experienced a 3% surge on the BSE. This increase came after the company announced a significant rise in consolidated net profit, which doubled to Rs 241 crore for the March quarter.
Economic Times

ABB India, Samvardhana Motherson 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 Tuesday's trading session, five stocks witnessed a build of fresh short positions. Here's the list:
Economic Times

DOMS shares rally 10% to fresh all-time high after Q4 results; brokerages increase target up to Rs 2,121 - 6 months ago
DOMS Industries witnessed a remarkable surge of 10% in its shares on Tuesday on the BSE, reaching a new all-time high of Rs 2,035. This surge followed the company's announcement of a 29.6% year-on-year (YoY) increase in its Q4 profit after tax (PAT), which amounted to Rs 46.93 crore.
Economic Times

JP Morgan maintains overweight rating on LIC post Q4 results, sees 29% upside - 6 months ago
JP Morgan maintains 'Overweight' rating on LIC post Q4 results, setting target price of Rs 1,340. LIC's market share growth and strong earnings drive stock performance.
Economic Times

Tokyo's key Nikkei index closes lower - 6 months ago
Tokyo's main stock index closed lower on Tuesday, in line with broad losses in Asia, as investors look ahead to the release of key US inflation data. Global investors are keenly awaiting the release Friday of the US personal consumption expenditures index, the Federal Reserve's preferred gauge of inflation, hoping for an idea about the central bank's plans for interest rates.
Economic Times

Faced with RBI audit, IIFL Finance delays Board meet for earnings release - 6 months ago
IIFL Finance extends announcement of quarterly earnings beyond May 30 due to RBI audit, anticipates releasing results by June 30.
Economic Times

Concord Biotech stock slips over 5% after Rs 519 crore worth of shares change hands - 6 months ago
Shares of Concord Biotech fell 5.3% on BSE due to a large block deal where Ontario Inc. sold a 3.4% stake at a discount, impacting stock performance.
Economic Times

Adani Enterprises board approves Rs 16,600 crore fundraise via QIP - 6 months ago
Following the Hindenburg crisis, the Adani Group is regaining momentum and transitioning back to a growth trajectory. Today, the board of Adani Enterprises has given the green light for a fundraising endeavor totaling Rs 16,600 crore through the Qualified Institutional Placement (QIP) route.
Economic Times

Exide Industries, Jubilant FoodWorks among 5 stocks with long buildup - 6 months ago
A long buildup occurs when there is an increase in open interest and trading volumes alongside a rise in the price of the underlying stock in the Futures and Options segment, indicating a bullish trend in the market. In Tuesday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:
Economic Times

Inox Wind shares tumble 10% as promoter likely sells stake via block deal - 6 months ago
Inox Wind shares drop 10% on BSE to Rs 147.65 after a likely 5% stake sale by promoter entity IWEL via block deal. Company received 'A' rating from CARE Ratings for banking facilities. Inox Wind, subsidiary of Inox Group, provides wind energy services.
Economic Times

10 smallcap stocks with highest dividend yield over past one year - 6 months ago
The dividend yield is the annual dividend payment to shareholders expressed as a percentage of the stock's current price. According to Trendlyne data, as many as 10 BSE Smallcap index stocks have paid up to a 31.4% dividend yield in the past one year. Here is the list:
Economic Times

Timken India shares jump 8% after Rs 1,800 crore block deal - 6 months ago
On Tuesday, Timken India, a bearings manufacturer, saw a significant surge of 7.5% to reach a high of Rs 4,250 on the BSE, attributed to a substantial block deal valued at approximately Rs 1,800 crore, involving the exchange of 6.65% of equity shares.
Economic Times

Stock Radar: Up nearly 100% in a year! This realty major is giving a Box breakout on weekly charts; time to buy? - 6 months ago
Short-term traders can look to buy Oberoi Realty on declines for a target above Rs 1,900 levels in the next 3-4 weeks, suggest experts. The stock has been rangebound since January 2024 but found momentum earlier in May. The stock rose over 20% so far in May which helped the stock to give a breakout from the rangebound action seen from January 2024.
Economic Times

RBI MPC meeting next week: What investors should expect - 6 months ago
The RBI's upcoming MPC meeting on June 7, 2024, is expected to maintain interest rates amidst a stable inflation scenario post Lok Sabha election results. The focus will be on global and domestic factors impacting the economy.
Economic Times

TRADERS’ CORNER: Hospitality stock on a rebound aims for 4% profit - 6 months ago
Nifty saw a quiet start to the session and soon got into a rally that took it to a lifetime high. But the index closed with a loss.
Economic Times

Election creates Rs 26 lakh crore stock boom. All greed, no fear on D-Street? - 6 months ago
Impatient investors drive Sensex up 3,570 points in Rs 26 lakh crore rally ahead of Lok Sabha elections. Historical trends suggest further market movements. Market insiders cautious about BJP's seat tally impact on stocks.
Economic Times

RIL, banking stocks drive Sensex 150 pts higher; Nifty above 22,900 - 6 months ago
Benchmark equity indices opened higher on Tuesday, driven by index heavyweights like Reliance Industries and banking stocks, with BSE Sensex up 0.15% and Nifty50 up 0.19%.
Economic Times

Wall Street returns to T+1 stock trading after a century - 6 months ago
The switch to the system known as T+1 — abandoned in the earlier era as volumes became unwieldy — is ultimately intended to reduce risk in the financial system.
Economic Times

Asia shares drift after rally, Wall Street reopen in focus - 6 months ago
Asian shares mixed after rallying, with rising bets of European rate cut and key inflation data boosting risk appetite. Wall Street futures firm ahead of U.S. market reopening after holiday.
Economic Times

Four European Union banks seek RBI nod for clearing model - 6 months ago
"There was a meeting last month between the heads of four European banks and top RBI officials. The banks have sought the RBI's approval on the proposed third-party model because there is no established rulebook for this kind of arrangement," a source aware of the developments said.
Economic Times

Stocks in news: LIC, Vedanta, IRCTC, RITES, NALCO, Adani Energy Solutions, Timken, CMS Info Systems - 6 months ago
India's largest life insurer Life Insurance Corporation of India on Monday reported a net profit of Rs 13,782 crore for the quarter ended March 31, 2024, which was up by 4.5% over Rs 13,191 crore reported in the corresponding period of the last financial year. The company board has declared a final dividend of Rs 6 per share.
Economic Times

In Focus: Scrips that like a cloud on the horizon - 6 months ago
Companies such as Hindustan Unilever (HUL), Britannia, Dabur, Hero Motocorp, Westlife Foodworld, Shoppers Stop and others have already indicated in their commentary a gradual demand recovery if the monsoon forecast turns out to be accurate.
Economic Times

Stock Radar | RCF showing signs of bottoming out; time to buy? - 6 months ago
“After reaching its 52-week high of 190 in January 2024, the stock experienced heavy profit booking and fell below its 200-day exponential moving average on the daily timeframe. Traders can buy for a target of Rs 195 in the next 6-7 weeks,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.
Economic Times

RBI imposes penalty on Yes Bank and ICICI Bank - 6 months ago
The penalty is imposed on Yes Bank because it levied charges on customers for non-maintenance minimum balance in certain savings accounts with insufficient or zero balance, which is in violation of RBI's guidelines, while ICICI Bank sanctioned term loan/ loans to certain entities in lieu of or to substitute budgetary resources envisaged for certain projects.
Economic Times

Govt asks insurance companies to roll out daycare package for Ayush patients - 6 months ago
Claims under Ayush - an acronym for Ayurveda, Yoga & Naturopathy, Unani, Siddha and Homoeopathy - rose to ₹78 crore in 2023 from ₹9 crore in 2016.
Economic Times

Foreign promoters likely to sell 6.6% stake in Timken India - 6 months ago
BofA Securities India’ term sheet revealed that the floor price has been fixed at Rs 3,550 apiece — a 10.2% discount to Monday's closing price of Rs 3,956. The sale at the floor price could fetch the parent company around Rs 1,775 crore or $213 million.
Economic Times

Sensex tops 76,000, then beats a retreat - 6 months ago
Nifty could continue to make new highs after the elections and target 23,400 in the near term, said Pankaj Pandey, head of research at ICICIdirect.com.
Economic Times

Accumulate TCS, breakout can give 60% upside: Analysts - 6 months ago
"Historically post-breakout, TCS has given at an average 80% upside; however, due to its large market-cap status, we expect an upside of about 60% leading to a target of ₹6,300," said Dharan Shah, founder, Tradonomy. "Historically on average it has corrected about 25% from the previous top and consolidated timewise for around 2 - 3 years.
Economic Times

Stock Radar: RCF breaches 3-month consolidation range; should you buy this fertiliser stock? - 6 months ago
The fertiliser stock hit a record high of Rs 190 on January 20, but the rally fizzled out and it witnessed a steep decline dropping below crucial moving averages. It took support around 120 levels in March 2024 and bounced back. Although the journey remained volatile, it managed to reclaim crucial moving averages, which suggests that bulls are taking control.
Economic Times

Government to get Rs 3,662 crore from LIC as dividend - 6 months ago
The government, the largest shareholder in the company, currently holds 96.50% stake in it accounting for 6,10,36,22,781 shares out of 6,32,49,97,701 fully paid up equity shares.
Economic Times

Strong order flow likely to help BEL stay on growth path - 6 months ago
The company anticipates order inflow of around Rs 70,000 crore over the next two years compared with the previous forecast of Rs 50,000 crore. The revised outlook reflects a new order prospect of Rs 30,000 crore for the Quick Reaction Surface to Air Missile (QRSAM) from the Army and Air Force, expected to materialize in the next fiscal year.
Economic Times

Adani Energy Solutions to raise up to Rs 12,500 crore - 6 months ago
​Adani Energy Solutions Ltd, formerly Adani Transmission Ltd, will raise up to Rs 12,500 crore through qualified institutional placement (QIP) or other permissible mode, the company said in a regulatory filing on Monday.
Economic Times

Nifty at record high but these 9 stocks are still lagging behind - 6 months ago
Nifty's journey from 22,000 to 23,000 took only seven months. During this up move, Bajaj Auto, Coal India, BPCL, Hero MotoCorp, Mahindra, and Mahindra, among others advanced between 65 and 85%. However, not all stocks gained. HDFC Life Insurance, LTIMindTree, and Asian Paints led the loser's list during the seven-month period: (Source: Prabhudas Lilladher)
Economic Times

Sebi puts in place SOP for handling of commodity exchange outage, extension of trading hours - 6 months ago
​ Sebi on Monday came out with a standard operating procedure (SOP) asking stock exchanges having commodity derivatives segment to inform about trading disruptions within 15 minutes of such occurrences and extending the trading time by 30 minutes in certain outage conditions.
Economic Times