Financial services faces heavy FPI selloff - 7 months ago
FPIs sold shares worth ₹27,140 crore across 14 sectors in April 16-30 period. Other than financials, information technology (IT), fast- moving consumer goods (FMCG) and oil & gas sectors were among the sectors that witnessed large outflows.
Economic Times

S&P 500 pauses after recent gains as investors assess rate path - 7 months ago
That dampened optimism spurred by a positive earnings season and softer-than-expected labor market data that had tempered concerns about the Federal Reserve keeping interest rates higher for longer.
Economic Times

L&T Q4 Results: Net profit rises 10% YoY to Rs 4,396 crore - 7 months ago
Consolidated revenue for the quarter stood at Rs 67,079 crore, up 15% on a year-on-year basis. The share of international revenues during the quarter was 45%. CFO said order inflows in Q1 and Q2 of FY25 will be muted.
Economic Times

Shopify's downbeat revenue growth forecast sends shares plunging 20% to six-month low - 7 months ago
The Toronto-listed shares hit their lowest in six months and the company was on track to lose C$25 billion ($18.21 billion) in market value as the dour outlook overshadowed a first-quarter beat.
Economic Times

Market Trading Guide: Tata Communications, Motherson Sumi Wiring among 5 stock recommendations for Thursday - 7 months ago
Benchmark Sensex slipped 45 points in highly volatile trade on Wednesday due to selling in private bank and IT shares amid weak Asian markets and continuous foreign fund outflows. Declining for the second straight session, the 30-share BSE Sensex fell 0.06% to settle at 73,466. The NSE Nifty remained unchanged at 22,302.50."The short-term trend remains weak, but the market is showing signs of higher bottom formation around 22,200 levels. Confirmation of reversal from here could open short-term upside bounce in the market. Immediate support is at 22,200 levels and the next overhead resistance is at 22,500 levels," said Nagaraj Shetti, senior technical research analyst at HDFC Securities.Here are the 5 stock recommendations for Thursday:
Economic Times

Sonata Software likely to underperform amid project delays - 7 months ago
With over $ 1 billion or Rs 8,613 crore in FY24 revenue, Sonata generates over two-third of revenue from the domestic products licensing and related services and the remaining from the international IT services across verticals including travel, manufacturing, retail, healthcare, and banking, financial services and insurance.
Economic Times

Westlife Foodworld Q4 Results: PAT slides 96% to Rs 76.35 lakh - 7 months ago
Consolidated total income in the fourth quarter stood at Rs 567.47 crore as against Rs 561.96 crore in the year-ago period, it added.
Economic Times

7 stocks from Nifty Next 50 index that have surged up to 379% from their lows - 7 months ago
Here are stocks that have been seeing the most movement and gains in the Nifty Next 50 index. According to Prabhudas Lilladher, these emerging giants hold immense potential. Take a look:
Economic Times

Uber shares tumble 9% on surprise net loss, weak second-quarter forecast - 7 months ago
The report suggests that Uber's growth could be slowing after a strong 2023 in which it dominated the U.S. ride-share market and delivery business and posted its first annual profit.
Economic Times

Tech View: Nifty forms high wave type candle pattern. What traders should do on Thursday - 7 months ago
The positive chart pattern like higher tops and bottoms is intact as per daily time-frame chart and presently the market is in an attempt of new higher bottom formation. The short-term trend remains weak, but the market is showing signs of higher bottom formation around 22,200 levels.
Economic Times

US stocks open lower as megacaps drag - 7 months ago
The Dow Jones Industrial Average fell 65.4 points, or 0.17%, at the open to 38818.9.
Economic Times

Promoter pledged holdings decline in March quarter: Lemon Tree Hotels, Tata Communications, among others with highest drop - 7 months ago
Bharat Forge, Lemon Tree Hotels, and Tata Communications completely released their pledged holdings from 7.1%, 3.3%, and 3.1%, respectively in the December quarter.
Economic Times

Tech View: Nifty form high wave type candle pattern. What traders should do on Thursday - 7 months ago
The positive chart pattern like higher tops and bottoms is intact as per daily time-frame chart and presently the market is in an attempt of new higher bottom formation. The short-term trend remains weak, but the market is showing signs of higher bottom formation around 22,200 levels.
Economic Times

Technical Breakout Stocks: How to trade Bharat Forge, ABB India and Siemens on Thursday - 7 months ago
Bharat Forge hit its all-time high levels with sharp volumes. The overall trend is positive and strong. On the upside, it has broken out of 2 resistance zones on intraday charts on Wednesday suggesting it could touch 1,451-1,517 levels in the near future. The support levels remain below 1,211 levels.
Economic Times

Tech View: Nifty looks oversold zone on hourly charts. What traders should do on Thursday - 7 months ago
The positive chart pattern like higher tops and bottoms is intact as per daily time-frame chart and presently the market is in an attempt of new higher bottom formation. The short-term trend remains weak, but the market is showing signs of higher bottom formation around 22,200 levels.
Economic Times

Hindustan Unilever, Muthoot Finance among 4 stocks with top long unwinding - 7 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 Wednesday's trading session, four stocks witnessed a top long unwinding. Here's the list:
Economic Times

Navin Fluorine, Persistent Systems among 5 stocks with top short covering - 7 months ago
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 Wednesday's trading session, five stocks saw top short covering. Here's the list:
Economic Times

Sensex, Nifty end volatile trade on a flat note; RIL gains offset by HDFC Bank losses - 7 months ago
The 30-share BSE benchmark Sensex dipped by 45 points or 0.06% to settle at 73,466, while the NSE Nifty50 closed just above the 22,300 level.
Economic Times

Coal India, HCL Tech among top stocks with highest dividend yields - 7 months ago
Dividend yield is a major factor to consider while investing in dividend-paying stocks. Religare Broking has filtered the top dividend-paying stocks based on their fundamental strength.
Economic Times

Q4 Impact: Bajaj Finance, Coal India among top 10 upgrades and downgrades by Motilal Oswal​ - 7 months ago
In the interim review of the Q4FY24 earnings, Motilal Oswal stated that excluding BFSI, profits for the MOFSL Universe would have declined 3% YoY (versus estimates of -4% YoY). Until now, 19 out of 27 companies within coverage have reported an upgrade/downgrade of more than 3% each, leading to an adverse upgrade-to-downgrade ratio for FY25.
Economic Times

Will short-term headwinds impact long-term potential? 6 stocks from hospital sector with upside potential of up to 30% - 7 months ago
After outperforming the market, stocks from the healthcare sector or what is more commonly called hospital sector have gone into consolidation mode. The consolidation has been prompted by the fact that voices have been raised about differential pricing in the services of the hospitals. The matter has reached the Supreme Court and will be heard. Given the fact that while medicine is a science but in real life as practice it has an element of art in it. For example, a hospital who has a renowned surgeon from any branch, be it cardio, neuro on its roll may charge up more for the same surgery as compared to others. While the moral debate is on one side, there is another side to the story. In a country like India, the healthcare infrastructure needs vast expansion and upgradation. To some extent the street is ruthless and does not have much moral obligation.
Economic Times

4 stocks held by Radhakishan Damani surge up to 50% in CY24 so far - 7 months ago
The investment portfolios of renowned investors garner significant attention within the financial circles of Dalal Street. ETMarkets analysed Radhakishan Damani's holdings for the March quarter. The examination revealed his positions in approximately 12 stocks. As of May 07, the total market value of these holdings amounted to roughly Rs 2.09 lakh crore, with an impressive 97% of this value concentrated in Avenue Supermarts, which witnessed a share price increase of around 14% in CY24. Remarkably, 7 out of the 12 stocks have yielded double-digit returns in CY24 so far, with four of them rising 25-50%. (Data Source: ACE Equity)
Economic Times

Bharat Forge shares jump over 9%, hit 52-week high on stellar Q4 show - 7 months ago
For the full financial year, the profit after tax (PAT) jumped to Rs 910 crore, a 79% uptick over Rs 508 crore reported in the year-ago period. The consolidated revenue from operations stood at Rs 4,164 crore, a 15% YoY gain over Rs 3,629 crore reported in the year-ago period.
Economic Times

To build a corpus of Rs 5.3 crores in 30 years, one needs to invest Rs 17,000 per month - 7 months ago
"There are 4 pillars of retirement income namely, social security, employment-based plans, personal retirement assets and family / social structure. Social security in India is not as developed or as widespread as the ones in advanced countries. Only people working in the organized sector and for the government are eligible for employment-based pension plans," says Suresh Soni, CEO, Baroda BNP Paribas Mutual Fund.
Economic Times

​Godrej Consumer Products, Marico among 5 largecap stocks that hit new 52-week highs on Wednesday - 7 months ago
Indian benchmark equity indices traded in the red on Wednesday, mirroring the downturn in Asian markets and likely influenced by growing uncertainties surrounding national elections. However, in today's trading session, 5 largecap stocks from the Nifty200 index hit a new 52-week high. Here's the list:
Economic Times

Sebi comes out with stringent rules to tackle misconduct, corrupt practices by employees - 7 months ago
In its notification dated May 6, Sebi said that the new framework would be also applicable to those employees who have resigned or retired from the services or have completed the tenure of deputation. The new rules have been made applicable from the same date.
Economic Times

Paytm shares plummet 5%, hit all-time low as lending partners invoke loan guarantees - 7 months ago
Paytm shares plummeted to an all-time low after Aditya Birla Finance invoked loan guarantees due to repayment defaults. Other partners like Piramal Finance and Clix Capital have also terminated their partnerships, reflecting stress in Paytm's lending business amidst regulatory actions and market conditions.
Economic Times

European shares open higher on earnings-driven optimism - 7 months ago
The pan-European STOXX 600 was up 0.3%, as of 0720 GMT, to its highest levels in more than one month
Economic Times

Tokyo shares end down on profit-taking - 7 months ago
​Investors were keeping a close eye on forex markets as the yen weakened following Friday's rally, which came at the end of a volatile week that led to speculation Japanese authorities had intervened to support the unit.
Economic Times

Volatility is an integral part of market: 4 midcap stocks from different sectors with potential upside of up to 39% - 7 months ago
As the market gets volatile, questions are bound to be raised about whether the mid-cap segment would see a sharp correction or not. Fears about the kind of correction which was seen in March are bound to resurface. More than anything, the best way to navigate such market conditions would be to do two things, first stay with mid-cap stock with some track record in terms of fundamentals and give return to shareholders. Second, once you pick the stock, stay with it long term and dont sell in hurry due to any narrative which some global and domestic development might bring on the table. The reason, volatility is part of any market, but that should not determine your long term investment decisions. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.
Economic Times

M-cap of 81 listed PSUs has grown 225% under Modi govt: FM - 7 months ago
Sitharaman claimed that PSUs are thriving and benefiting "significantly from the culture of professionalism infused in them along with increased operational freedom". Modi Govt's focus on capital expenditure has also led to substantial growth in their stock performance, her tweet stated.
Economic Times

FIIs caught chasing these 10 smallcap stocks in March quarter - 7 months ago
Foreign Institutional Investors (FII) share by value in companies listed on NSE went down to 17.68% as on March 31, 2024 from 18.19% as on December 31, 2023. In value terms, FII holding stood at Rs 67.29 lakh crore. This was an increase of 3.34% over the last quarter, says a report by Prime Database. In terms of ownership by number of shares or share by volume (Average of ‘FII Holding as a % of Total Share Capital’ across all NSE listed companies), FII share went up to 5.89% as on March 31, 2024 from 5.82% on December 31, 2023. Here is a list of smallcap stocks compiled by Prime Database where FII holding saw an increase in percentage terms for the quarter ended March 2024:
Economic Times

ITC among top 10 largecap stocks in which retail investors decreased stake - 7 months ago
On an overall basis, retail holding went up in 1,041 companies listed on NSE in the last 1 quarter while, retail holding went down in 860 companies, says a report by Prime Infobase. The average stock price of these companies increased by 12.57 per cent. Prime Infobase calculates the highest decrease in retail shareholding of companies in value terms. These are as follows:
Economic Times

IRB Infra shares rise over 4% after Q4 results. Should you buy or sell? - 7 months ago
IRB Infrastructure Developers saw a 4.3% rise in shares on BSE as it reported a 45% YoY increase in Q4 net profit to Rs 188.9 crore, with revenue up 27% YoY.
Economic Times

IT stock codes in 5% hike; pipe manufacturer raises it to 7% - 7 months ago
Nifty hit a high soon after start but lost energy and ended up in the negative zone. It closed with a loss
Economic Times

IGL shares surge 7% after Q4 results. Should you invest? - 7 months ago
Indraprastha Gas (IGL) shares surged 7% after reporting a 16% YoY profit increase to Rs 383 crore in Q4. Despite revenue decline due to lower gas prices, sales volume rose
Economic Times

Infosys, Bajaj Finance among 9 stocks that earned downgrades in last 1 month - 7 months ago
A host of brokerages have downgraded the target prices of several stocks in the last one month. Trendlyne data shows that 9 stocks, including Infosys, Bajaj Finance, Wipro, HDFC Bank, and HUL faced up to seven analysts' target price downgrades in the last 1 month. Here is the list of these stocks and their revised target prices:
Economic Times

Sai Swami Metals shares list at 90% premium over issue price - 7 months ago
Sai Swami Metals debuted on the BSE SME platform with a 90% premium, opening at Rs 114 compared to its issue price of Rs 60. Pre-listing, the stock traded with a Rs 50 premium in the unlisted market.
Economic Times

Dr Reddy’s shares tumble 5% as Q4 numbers fail to impress analysts. Should you buy, sell or hold? - 7 months ago
The company said that the jump in YoY net profit was largely driven by growth in global generics revenues in North America as well as emerging markets. DRL’s revenue also increased 12% YoY to Rs 7,083 crore.
Economic Times

Amkay Products debuts with 90% premium on BSE SME platform - 7 months ago
The shares of Amkay Products listed on the BSE SME platform with a premium of 90% on Wednesday. The stock debuted at Rs 104.5 as against an issue price of Rs 49.5.
Economic Times

Storage Technologies stock lists with 90% premium on BSE SME platform - 7 months ago
The IPO, which was completely a fresh equity issue of 38 lakh shares, received a bumper response from investors with an overall subscription of over 200 times at close.
Economic Times

Voltas shares drop 9% as margins disappoint across segments - 7 months ago
The company's Unitary Cooling Products (UCP) business continued to outperform the market and maintained its growth momentum. While the overall volumes grew by 27%, the YoY growth for air-conditioners was even higher at 35%. Voltas continues to be a market leader both in Split and Window Air-conditioners with a YTD market share of 18.7% as at March 2024.
Economic Times

JSW Energy shares jump nearly 6% after Q4 results. Here’s what brokerages say - 7 months ago
JSW Energy shares surged 5.8% on BSE after Q4 results. Brokerages raised target prices, with Jefferies maintaining a buy rating at a Rs 690 target price.
Economic Times

REC, PFC among 5 stocks with long buildup - 7 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 Wednesday's trading session, five stocks experienced a buildup of fresh long positions. Here's the list:
Economic Times

Hot Stocks: Brokerage view on Max Financials, Pidilite, JSW Energy and PB Fintech - 7 months ago
Morgan Stanley rates PB Fintech as Equal Weight, Jefferies suggests buying JSW Energy, Goldman Sachs reaffirms its buy rating on Pidilite Industries, and UBS recommends buying Max Financials.
Economic Times

Stock Radar: Multibagger in 1 year! This metal & mining stock hits fresh multi year high in May; time to buy? - 7 months ago
NMDC's stock performance saw a significant surge, doubling investors' wealth in the metals and mining sector. The breakout to a multi-year high attracted short-term traders eyeing a Rs 355 target, supported by bullish indicators like RSI and MACD.
Economic Times

Sensex falls 250 pts tracking negative cues from Asian markets; Nifty below 22,250 - 7 months ago
The BSE Sensex was trading 245 points or 0.33% lower at 73,266, while the Nifty50 was trading at 22,217, down 85 points or 0.38% around 9:21 am.
Economic Times

Reddit's strong forecasts spark share surge after first results since IPO - 7 months ago
The earnings report - the first since Reddit went public in March - also included a revenue forecast for the current quarter that was above Wall Street estimates, as more people flock to the social media platform behind 2021's meme-stock frenzy.
Economic Times

Asia stocks drift, dollar firm as Fed rate path pondered - 7 months ago
MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.19%, weighed down partly by declines from mainland Chinese blue chips. However, Hong Kong's Hang Seng rose 0.52%.
Economic Times

S&P, Dow end slightly up, extend closing streaks despite Disney drag - 7 months ago
The advances pushed the S&P 500 to a fourth straight higher close, and its best winning run since March. For the Dow , it is now on its longest positive run since December 2023, gaining for the fifth session in a row.
Economic Times