These days headlines emerging from the auto industry have more negatives than positives. From deep festive-season discounts, to growing inventories, to the lackluster performance of the Hyundai IPO. Will this cooldown continue? And should it be seen as an opportunity in the medium- to long-term perspective? The inventory build-up is, of course, more of a company-specific problem, that too in one segment of the industry. Some of the broader problems are a result of the structural changes the industry is going through as it transitions to EVs.

EFC (I) Limited's subsidiary received SEBI approval for SM REIT, enabling a ₹500 crore initial offer. The company reported a 230.26% profit increase, boosting its growth potential.

On Tuesday, Elcid's share price surged from Rs 3.53 to an astounding Rs 2,36,250, setting a record on D-Street and making it India's most expensive stock, surpassing MRF's Rs 1.2 lakh. The BSE-listed smallcap now has a market cap of Rs 4,725 crore ($508.40 million), dwarfed by global giants like Nvidia ($3.5 trillion), Meta ($1.5 trillion), Amazon ($2 trillion), Netflix ($324.63 billion), and Google ($2.1 trillion).

In FY24, the company gave a dividend of Rs 25 in FY24, which translates into an industry best dividend yield of over 708%. Dividend yield is calculated by dividing annual dividend per share with the share price.

Marico's shares surged 9.3% after a 20% rise in Q2 net profit to Rs 433 crore. Analysts maintained buy ratings, with target prices ranging from Rs 740 to Rs 800.

A short buildup occurs when there is a rise in open interest and trading volumes, coupled with a decrease in the price of the underlying stock in the Futures and Options segment. This indicates that more traders are expecting the prices to decline and are creating short positions. In Wednesday's trading session, five stocks saw fresh short positions being built. Here's the list:

Adani Enterprises' shares rose 3.2% on the BSE after reporting a 664% YoY jump in net profit for the September quarter to Rs 1,742 crore. Revenue from operations increased by 16% to Rs 22,608 crore. The company approved a Rs 2,000 crore fundraising plan through NCDs and emphasizes growth in logistics, energy transition, and adjacent sectors.

On October 29, Elcid Investments made history on Dalal Street as its share price soared from Rs 3.53 to Rs 2,36,250, representing an incredible surge of 66,92,535% in just one day. Elcid Investments is now India's most high priced stock, having surpassed MRF's price of Rs 1,22,577. ETMarket has highlighted the top ten stocks that are trading above Rs 25,000 per share. (Data Source: ACE Equity)

A long buildup occurs when open interest and trading volumes increase alongside a rise in the underlying stock price in the Futures and Options segment, signaling a bullish market trend. In Wednesday's trading session, five stocks saw fresh long positions. Here’s the list:

Elcid Investments, a small-cap stock, experienced an unprecedented 66,92,535% surge in a single trading day, making it India's most highly priced stock. This surge followed a SEBI-directed special price discovery session aimed at fair value assessment, leading to significant price corrections and highlighting Elcid's understated book value.

Shriram Properties' shares jumped 6.8% as the company signed a Joint Development Agreement for 6 acres of prime land in Pune. The planned mixed-use development will feature 650+ apartments and retail spaces, targeting a launch in H2-FY25, with potential revenue of Rs 700-750 crores.

Godavari Biorefineries shares listed at a 12.5% discount from their issue price. The company's IPO included fresh equity and an offer-for-sale, raising funds to repay debt and for corporate purposes. Despite being a leading ethanol producer, financial performance declined with significant drops in both profit and revenue.

Shares of Maruti Suzuki rose by 3% to Rs 11,389.75 despite a 17% drop in net profit for the September quarter. Sales included 463,834 domestic and 77,716 export vehicles. Analysts give mixed recommendations with UBS suggesting a 'Buy', Investec a 'Hold', and Nuvama optimistic about long-term growth.

Prestige Estates Projects reported a 77.4% YoY decline in net profit due to tax changes, while revenue rose 3%. Shares closed at Rs 1,606.5, with strong long-term growth.

Shares of Gautam Adani-led Adani Enterprises are in focus following a 664% YoY jump in consolidated net profit for the September quarter, reaching Rs 1,742 crore. Revenue from operations rose 16% to Rs 22,608 crore. Additionally, the board approved a Rs 2,000 crore fundraising plan through the issuance of Non-Convertible Debentures (NCDs) in one or more tranches.

It’s time for Investors to focus on quality and growth stocks amidst market corrections. ICICI Securities targets a Nifty of 27,500, favoring capital goods, private banks, and select auto, IT, and Pharma sectors. Top picks from various brokerages include Bajaj Finserv, ICICI Bank, and Zomato.

Torrent Pharma Share Price: Torrent Pharmaceuticals reported a consolidated profit after tax (PAT) of Rs 453 crore in the September quarter, which rose by 17% led by robust sales in the domestic market. The drug firm had reported a PAT of Rs 386 crore in the July-September period of the last fiscal.

UBS has maintained a buy rating on Maruti, lowering the target price to Rs 14,800 despite Q2 results missing expectations. Improved demand and margins led to this decision. Meanwhile, JPMorgan holds a neutral stance on Container Corporation with a target price of Rs 1,000. Although growth was sluggish, cost reductions boosted margins, while volume growth of 6% YoY fell short of guidance.

Key indices Sensex and Nifty50 opened lower, impacted by banking stocks and persistent foreign selling, with Sensex down 331 points.

Marico Share Price: Marico reported a 20% increase in consolidated net profit to Rs 433 crore for the September quarter, up from Rs 360 crore a year ago. Consolidated revenue rose by 7.6% to Rs 2,664 crore, with domestic revenue up 8.02% and international revenue rising 6.36%.

This Diwali, top brokerage firms have spotlighted select stocks they believe hold strong growth potential based on current market conditions and sector outlooks. Spanning banking, finance, and tech, these stocks offer opportunities for investors looking to leverage promising sectors. Here are 10 stock picks to consider:

On October 29, three stocks from the Nifty50 pack came to the bullish scanner of "White Marubozu", according to stockedge.com's technical scan data. A White Marubozu is a bullish candlestick pattern in technical analysis. It occurs when the opening price is the lowest for a given period, and the closing price is the highest. Represented by a long white (or green) candlestick with no upper shadow and a small or nonexistent lower shadow, it indicates strong buying pressure throughout the session. Traders interpret it as a signal that buyers were in control from the opening to the closing, often using such patterns for informed decisions about future price movements in financial markets.

The Indian market is expected to consolidate on Wednesday due to muted global cues. Experts have recommended buying specific stocks such as HDFC Bank, Tech Mahindra, JSW Steel, BEL, HDFC Life, Container Corp, L&T, LIC Housing Finance, and Bank of Baroda for short-term gains. Certain levels and strategies have been advised.

Cipla's shares are in focus as the company reported a 15% YoY increase in consolidated net profit to Rs 1,303 crore for Q2 2024. Revenue rose 6% to Rs 7,051 crore, with EBITDA growing 12%. Despite mixed outlooks from analysts, including BofA's 'Underperform' and UBS's 'Buy' rating, concerns about market challenges and product launch delays persist.

Maruti Suzuki's shares are under scrutiny following a 17% drop in standalone net profit to Rs 3,069 crore for the September quarter, missing estimates. Revenue rose marginally to Rs 37,203 crore but also fell short of expectations. Analysts have mixed views: UBS maintains a 'Buy' rating, while Investec has a 'Hold' rating, citing concerns over margin pressures and shifting consumer preferences.

Shares of Voltas are expected to be in the spotlight on Wednesday after the company reported a 269% year-on-year (YoY) surge in consolidated net profit, reaching Rs 133 crore for the September quarter, compared to Rs 36 crore in the same period last year. This growth was primarily driven by a 56% increase in volume from its room AC business.

Marico reported a 20% increase in consolidated net profit to Rs 433 crore for the September quarter, up from Rs 360 crore a year ago. Consolidated revenue rose by 7.6% to Rs 2,664 crore, with domestic revenue up 8.02% and international revenue rising 6.36%.

Torrent Pharmaceuticals shares are set to draw attention as the promoter plans to sell a 2.9% stake worth Rs 3,000 crore via block deal at a 6% discount. The company's Q2 profit rose by 17% to Rs 453 crore, driven by strong domestic sales, with notable growth in Brazil, Germany, and the US.

Godavari Biorefineries is set to debut on the exchanges on Wednesday, with its shares currently trading at a grey market premium (GMP) of Rs 5. Given the upper price band of Rs 352, the stock is anticipated to experience a flat or possibly negative listing.

FMCG major Dabur India's second quarter results are likely to show a muted performance due to declining volumes and distributor inventory correction. Revenue is expected to drop by 5% and net profit by 8% year-on-year. The international business might see double-digit growth. Consolidated EBITDA is projected to decline by 17%, with tightened margins amid increased marketing expenses.

Sellwin Traders plans a 1:8 bonus share issue and a 1:5 stock split, with November 1, 2024 as the record date. Shares must be bought by October 31 to qualify. The stock has shown significant growth, doubling its value in the past year with a 111% YTD return.

Shares of Tech Mahindra, Godrej Consumer Products, Balkrishna Industries, and NTPC will remain in focus as today is the last day to buy shares for dividend eligibility. NTPC, Tech Mahindra, and several other companies have announced interim dividends with specified record dates and payment schedules.

Sellwin Traders plans a 1:8 bonus share issue and a 1:5 stock split, with November 1, 2024 as the record date. Shares must be bought by October 31 to qualify. The stock has shown significant growth, doubling its value in the past year with a 111% YTD return.

China's currency and stocks may dip if Donald Trump wins the U.S. election, especially with a Republican Congress. A Kamala Harris win could see the yuan bounce. Stocks in export sectors could be affected. Hong Kong stocks and U.S.-listed Chinese assets might face more volatility as foreign investors adjust to the election outcomes.

The Nasdaq reached a record high, while the S&P 500 rose modestly and the Dow fell, as investors assessed corporate earnings. Alphabet, a key tech stock, surpassed revenue estimates, highlighting the week's critical earnings reports. However, mixed results in sectors like housing and autos, along with rising Treasury yields, temper market gains.

Sensex and Nifty indices closed higher on Tuesday due to late buying in banking stocks and a positive global market trend. Maruti Suzuki fell 4.16%, Cipla dropped 1.6%, and Adani Ports surged nearly 2%. Experts advise investors to buy on dips for these stocks with specific target levels.

Treasury yields edged lower, while a Bloomberg gauge of the dollar’s strength snapped a three-day advance. Gold hit a fresh record early on Wednesday as Bitcoin traded near its all-time high.

Shares of Torrent Pharmaceuticals are expected to remain in focus on Wednesday as the company's promoter could sell 2.9% stake worth Rs 3,000 crore via block deal.

To be sure, detailed ownership data for October-December will be published in January. Yet, by September end itself, the ownership gap between foreign institutional investors (FII) and DIIs had narrowed to a record low of 109 bps, underscoring the growing influence of domestic capital in Indian equities.

So when Elcid Investments, a little-known sparsely traded micro-cap holding company made this eye-popping surge in Tuesday's trade, Dalal Street participants took notice. The extraordinary surge in the stock was on account of a special call auction for price discovery in investment holding companies, organised by stock exchanges.

Indian lenders such as Kotak Mahindra Bank, IndusInd Bank, IDFC First Bank, and RBL Bank foresee ongoing asset quality issues in the microfinance sector for several more quarters. Overleveraging and rural economic slowdown are cited as major reasons, leading to increased provisions and cautious disbursement strategies.

​​Unique investors on the NSE rose by 2.14 crore since last Diwali, reaching a record high of 10.37 crore as of September 30, 2024. However, Indian markets may not be able to replicate the returns of the past year unless foreign investors come back strongly. Large-cap stocks may outperform mid-caps and small-caps.

The Nifty Bank index advanced 2.1% on Tuesday, while the benchmark Nifty gained 0.5%. Ten of the 12 stocks on the Nifty Bank index gained at close on Tuesday. Federal Bank was the biggest gainer, soaring 8.5% after its second-quarter results exceeded expectations. SBI was up 5% and ICICI Bank gained 3%.

Justice Sachin Datta passed the order on an application filed by Daiichi Sankyo seeking the sale of the Fortis trademark, owned by RHC Healthcare Management Services which is one of the judgment debtors in the matter.

State Bank of India is cautious about lending to non-banking financial companies due to regulatory concerns and interconnected lending issues. The bank is focusing on better-quality NBFCs, renewables, and real estate sectors for corporate loans. Renewable energy and real estate projects are showing strong growth, while thermal power and SME rooftop solar projects are also receiving support.

Tech Mahindra shares showed a significant breakout from a Rounding Bottom pattern in August 2024, sustaining above its neckline. Traders can look to buy the stock for a target above 2100 within the next 8-12 months, representing over 22% potential upside from Rs 1716 recorded in October 2024, based on technical analysis.

It is a well established fact. And it was underlined yet again during the recent correction in the market. Bank stocks lead most falls, and they also bounce back quickly. The October correction in the stock market began with the HDFC Bank stock witnessing strong selling pressure. And it was no surprise that Tuesday’s recovery was led by banks. In fact, a close look reveals that some banks are once again showing a streak of outperformance with strong Q2 results providing the street with an element of positive surprise.Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardized scores. SR+ Reports is a complimentary offering to ETPrime members.

Select stocks gain momentum even in volatile markets.

Wall Street opened lower on Tuesday as investors assessed a host of corporate results and looked ahead to Google-parent Alphabet's earnings later in the day, while gains in U.S. Treasury yields also pressured equities.

HDFC Standard Life Insurance Co on Tuesday bought shares of PNB Housing Finance worth Rs 90 crore through an open market transaction. According to the block deal data available on the BSE, HDFC Standard Life Insurance Company Ltd purchased a little over 10 lakh shares or 0.4 per cent stake in PNB Housing Finance.