Hot Stocks: Brokerage view on GAIL, ICICI Lombard, PNB Housing and Infosys - 8 months ago
Morgan Stanley maintained an overweight rating on Infosys but slashed the target price to Rs 1750 from Rs 1820 earlier.
Economic Times

Stock picks of the week: 4 stocks with consistent score improvement and upside potential of up to 41% - 8 months ago
Once again everything is looking green, the way FY 25 has started, it appears that bulls were on short term break due to tight liquidity conditions which tends to appear in the last month of every financial year. While the local liquidity condition might improve, the issue of high valuation is still not over. It is still a time to be cautious in terms of not going overboard with taking exposure to a certain stock, selective about what one is buying. The reason, if the street becomes selective and gets into correction mode once again, it is stocks where there has been improvements in the business operating matrix will be able to weather the storm better. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Economic Times

Fundamental Radar: Why Arun Agarwal is bullish on InterGlobe Aviation stock? - 8 months ago
InterGlobe Aviation's market leadership through network leverage for international journey expansion anticipates robust demand growth from the rising middle class. IndiGo's differentiation with high frequency, codeshare, and large connectivity supports bullish brokerage outlook with a fair value of Rs 4,300.
Economic Times

Hindustan Copper, Voltas among 5 stocks with long buildup - 8 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 Monday's trading session, five stocks witnessed a build of fresh long positions. Here's the list:
Economic Times

Maruti Suzuki, Bharti Airtel among 5 stocks witnessing short covering - 8 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 Monday's trading session, five stocks saw top short covering. Here's the list:
Economic Times

Big bulls of Dalal Street raise Rs 4 lakh crore toast to FY24; what’s in store for FY25? - 8 months ago
Dalal Street's FIIs and DIIs powered the equities euphoria in FY24, Nifty50 rose 27% with BSE market cap up at Rs 125 lakh crore. Smallcap Index soared 60%, driven by strong corporate earnings and US Fed rate cuts for potential FY25 performance.
Economic Times

Adani Total Gas shares jump 8% after subsidiary commissions biogas plant in Mathura - 8 months ago
Adani Total Gas stock has corrected from its 52-week high of Rs 1,259.40 which it hit on December 8, 2023, and is trading at a discount of 21% from the peak.
Economic Times

No Monday Blues! Nifty50 hits fresh record high, Sensex surges 500 points - 8 months ago
Indian equity indices surged on Monday, with Nifty50 hitting a record high. Several top companies gained in early trade, and sectoral indices showed positive trends. Experts expect sustained bullish momentum with a focus on largecaps for potential growth.
Economic Times

Big bulls of Dalal Street raise Rs 4 lakh crore-toast to FY24; what’s in store for FY25? - 8 months ago
Dalal Street's FIIs and DIIs powered the equities euphoria in FY24, Nifty50 rose 27% with BSE market cap up at Rs 125 lakh crore. Smallcap Index soared 60%, driven by strong corporate earnings and US Fed rate cuts for potential FY25 performance.
Economic Times

Fundamental Radar: Why InterGlobe Aviation is poised for 21% upside in a year? Arun Agarwal explains - 8 months ago
InterGlobe Aviation is focussing on growing connectivity to have a larger share of international journeys and investing in systems and operations. The near-term outlook is comforting on both ASK (available seat kilometers) growth and pricing, reflective of IndiGo’s planning and strength of the underlying demand, said Arun Agarwal of Kotak Securities.
Economic Times

China shares jump, Japan tumbles with yen pinned near intervention zone - 8 months ago
U.S. stock futures also pointed firmly higher following a market holiday on Friday, when the Federal Reserve released data showing their preferred inflation measure indicated price pressures are further easing, bolstering bets for a June interest rate cut.
Economic Times

No Monday Blues! Sensex surges 500 points on firm global cues - 8 months ago
The market capitalisation of all listed companies on BSE surged by Rs 4.7 lakh crore to Rs 391.67 lakh crore.
Economic Times

Private bank offers 4% and hotel offers 8% gains from stock moves - 8 months ago
Nifty 50 opened strong and kept gaining till the last hour of trade, when it lost some altitude. But it still closed with a gain.
Economic Times

Tech picks: Cipla, ICICI Bank among 8 stocks to buy in first week of FY25 for robust returns - 8 months ago
Indian markets ended FY24 on a bullish note, although it retreated significantly from its peak levels. Going forward, investors will keep an eye on RBI policy outcome scheduled later this week and auto sales numbers.Technically, analysts said Nifty witnessed bullish momentum after crossing its 20-DMA. However, it is near resistance to the previous all-time high of 22526.In this setup, here are 8 stocks that you can consider buying for robust returns in first week of FY25
Economic Times

Big movers on D-Street: What should investors do with IDFC First Bank, VIP Industries and Ambuja Cements? - 8 months ago
Stocks that were in focus included names like IDFC First Bank, which fell 2.96%, VIP Industries, which jumped 11.05%, and Ambuja, whose shares gained nearly 2% on Thursday.
Economic Times

Stock Radar: NHPC likely to surpass 100 levels in the short term, says Vaishali Parekh - 8 months ago
“NHPC stock has indicated a positive candle formation on the daily chart maintaining above the significant 50EMA level. Traders can buy for a target of Rs 105-110 in the next 3-4 weeks,” Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd., said.
Economic Times

Stocks in news: IDFC First Bank, Indian Oil, Infosys, Zomato, JSW Steel - 8 months ago
Bank Of India has received a demand notice of just over Rs 1,000 crore from the assessment unit, Income Tax department, pertaining to AY 2016-17.
Economic Times

UK’s BII looks to go big on India’s affordable housing, MSME sectors - 8 months ago
The UK's development finance institution said that it has a strong pipeline on both debt and equity investment in these two sectors and that it is looking for innovative ideas for funding.
Economic Times

ET Poll: RBI likely to maintain status quo on key rates - 8 months ago
The Reserve Bank of India (RBI) is expected to maintain interest rates unchanged in its upcoming meeting, according to an ET poll of 14 respondents. This would mark the seventh consecutive time the repo rate, currently at 6.50%, remains steady. Economists suggest that the RBI may wait until August 2024 for any rate changes, citing the need for clarity on monsoon outcomes, sustained economic growth, and US Federal Reserve decisions.
Economic Times

Real interest rates need to climb before RBI's easing cycle begins - 8 months ago
Ahead of this week's scheduled review meeting of the Monetary Policy Committee (MPC), market watchers and investors are keen to know the timeline for India's rate easing cycle. However, the texture - and driver - of India's robust economic growth rates suggest their wait will perhaps be of some duration.
Economic Times

ONGC energises govt kitty with ₹7,224 crore dividend - 8 months ago
ONGC's dividend contribution to the state was almost double the ₹3,636 crore dividend by Indian Oil Corporation (IOC), nearly three times Bharat Petroleum Corporation's ₹2,413 crore, close to four times GAIL's ₹1,863 crore and about ten times Oil India's ₹737 crore.These are interim dividends and a final instalment usually comes after the companies declare annual earnings.
Economic Times

Foreign funds' gross purchases top Rs 4 lakh crore in March, a record - 8 months ago
But that's the seemingly outlandish threshold overseas funds were close to overhauling last month in gross purchases of Indian stocks - thanks to mouth-watering valuations for a raft of large-cap shares, and brightening re-rating prospects for many after conclusion of the biggest democratic exercise on the planet.
Economic Times

Nifty, Bank Nifty may see more gains, buy on dip’s the advice - 8 months ago
Nifty has a short-term bottom at 21,710 and has its eyes set on a new all-time high with a potential to stretch higher till 23,000–23,100 from a one-month perspective.
Economic Times

Centrum's fund modulus ropes in SBI veterans to drive growth - 8 months ago
Raghavendra Rao, a former deputy managing director at the bank, Narayanan Sadanandan, a former CEO of SBI Pension Funds, and Anoop Krishna, former chief general manager of the corporate group at SBI, will join the private credit fund.
Economic Times

Lenders seek anonymity for officers tagging wilful defaulter accounts - 8 months ago
Lenders seek RBI guidance on protecting officers' identities identifying defaulters. Recent court order mandates disclosing committee members. Indian Banks Association seeks advice too. Risks highlighted for officers personally named.
Economic Times

Overseas Indians book return trips, send home record $29 billion in Q3 - 8 months ago
To be sure, remittances are a source of permanent flows, unlike repatriable NRI deposits, and these help in narrowing the current account deficit (CAD), which has steadily shrunk as a percentage of India's gross domestic product (GDP).
Economic Times

No holding back D-St from records, even if FPIs are holding back - 8 months ago
Market participants say foreign investors are bullish about the country's prospects but are holding back a bit with uncertainty over the US Federal Reserve's interest rate actions looming and because of the National Elections.
Economic Times

Billions flood active ETFs in hunt for cheap EM stocks - 8 months ago
"If ever there was a compelling case for a more systematic approach to active management, it's now," said Donald Calcagni, chief investment officer of Mercer Advisors Investment Management and a buyer of active emerging-market ETFs.
Economic Times

Stock Radar: NHPC stays rangebound in March but finds support above 50-DMA; time to buy? - 8 months ago
NHPC rose from Rs 88.15 as of February 29 to Rs 89.70 recorded on March 28, 2024, which translates into an upside of 1.7%. However, on a weekly basis, it has risen over 6%. The stock rallied nearly 40% in the last three months.
Economic Times

Market Trading Guide: Bank of Maharashtra, GMR Infra among 8 stock ideas for Monday - 8 months ago
Indian shares advanced on Thursday to close the financial year with weekly and quarterly gains in a holiday-shortened week, led by financials. The S&P BSE Sensex closed 0.9% higher at 73,651, while the NSE Nifty50 index ended above the 22,300 level."The near-term uptrend of Nifty remains intact with high volatility. The next upside levels to be watched are around 22500-22600. Immediate support is at 22250-22200 levels," said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.Here are 8 stock recommendations for Monday:
Economic Times

Underperformers of FY24: Among them is a stock that rose 26,113% in last 25 yrs. Can these 9 scrips rebound in FY25? - 8 months ago
In a financial year where the number of stocks gained is much larger than stocks that end in red, there are some surprises in the list of stocks that have ended FY 24 in red. Surprise because of two reasons. First, these are all largecap stocks where fundamentals are surely not in doubt. They have consistently seen earnings inching upward. Yes, one can have a debate about the rate of growth at which earnings have been less than satisfactory. But then they have grown, except in 3 cases, where one can argue that earnings are just refusing to move up. The second surprise is that some of them have created great wealth over the long term. So, if they have not been able to gain in one year should one ignore them. The list is filled with major surprises, a company that is amongst the top ten stocks in terms of market capitalization in the Indian stock market. History has shown that in the stock market, if the fundamentals of a company are fine, then sooner or later they make a comeback.
Economic Times

Market Trading Guide: Bank of Maharashtra, GMR Infra among 8 stocks ideas for Monday - 8 months ago
Indian shares advanced on Thursday to close the financial year with weekly and quarterly gains in a holiday-shortened week, led by financials. The S&P BSE Sensex closed 0.9% higher at 73,651, while the NSE Nifty50 index ended above the 22,300 level."The near-term uptrend of Nifty remains intact with high volatility. The next upside levels to be watched are around 22500-22600. Immediate support is at 22250-22200 levels," said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.Here are 8 stock recommendations for Monday:
Economic Times

Top beneficiaries of financialisation of savings & every market cycle: 4 stocks with upside scope of up to 28% - 8 months ago
It was after a long debate and committees getting formed that it was decided that stock exchanges and other institutions which play a pivotal role in the development of the capital market should be allowed to list on exchange for trading, though with some caveats. The fact is that after listing these companies not only continue to play a pivotal role in the development of the stock market but also have created a good amount of wealth for investors who were able to realise the fact that the best way to take exposure to ever growing capital formation ecosystem is to own these stocks. Some of these stocks have gained a good amount in the last three years, But the fact is that even there is a much longer runway for them as more savings gets into financial assets like shares, mutual funds and bonds. So, not only trade and trade and transact with them but also owning them might be a good idea for long term investors.
Economic Times

March Auto Sales Preview: What to expect from M&M, Maruti, Tata Motors & other top automakers - 8 months ago
Here's a look at what to expect from top automakers in the month of March:
Economic Times

Biggest beneficiaries of financialisation of savings and also every cycle of stock market: 4 stocks with upside potential of up to 28% - 8 months ago
It was after a long debate and committees getting formed that it was decided that stock exchanges and other institutions which play a pivotal role in the development of the capital market should be allowed to list on exchange for trading, though with some caveats. The fact is that after listing these companies not only continue to play a pivotal role in the development of the stock market but also have created a good amount of wealth for investors who were able to realise the fact that the best way to take exposure to ever growing capital formation ecosystem is to own these stocks. Some of these stocks have gained a good amount in the last three years, But the fact is that even there is a much longer runway for them as more savings gets into financial assets like shares, mutual funds and bonds. So, not only trade and trade and transact with them but also owning them might be a good idea for long term investors.
Economic Times

Technical Breakout Stocks: How to trade Century Textiles, L&T, and ABB India on Monday - 8 months ago
Century Textiles has been consolidating for the past 2-3 months now in the zone of Rs 1,350-1,600 and is now breaking out from the same zone. It is expected to test Rs 1,850+ levels.
Economic Times

Even for long-term investors, putting more checks and balances is the key: 4 largecap stocks with upside potential of up to 26% - 8 months ago
While Nifty and Sensex have seen some respite and given the fact that few mega stocks have the ability to push indices even higher, one cannot rule out the possibility of reading the headlines “ nifty forms a new high” very soon. But as we have seen in the recent past, what nifty does and what is happening in the broader market can be very different. So, it would be better to focus on what is happening in sectors and companies, are there some tailwinds that are likely to lead to better overall growth of the sector and hence the companies. Even in those sectors stick with companies that have a proven track record of surviving economic cycles and on financial parameters they are better placed than others. Because it is finally the earnings which will determine whether the stock is able to outperform or underperform broader market indices. We take a look at four stocks where on two parameters, that is net margins and return on equity, the companies are clearly better placed and there are clear sectoral tailwinds.
Economic Times

Delisting rules: Only check and no balance - 8 months ago
First, votes cast in favour of the proposal by just public shareholders (non-controlling shareholders) of the listed company should be at least two times the number of votes cast against it. This is akin to the super-majority of minority shareholders.
Economic Times

Market valuation of 7 most valued firms climbs Rs 67,260 crore; Reliance top gainer - 8 months ago
The valuation of Reliance Industries jumped Rs 45,262.59 crore to reach Rs 20,14,010.63 crore. State Bank of India added Rs 5,533.26 crore, taking its market valuation to Rs 6,71,666.29 crore.
Economic Times

Avoid ‘get-rich-quick’ approach and be a long-term investor - 8 months ago
In recent years, the means or channels to reach investors have increased. Investors who are overpowered by greed fall prey to shenanigans that offer them the lure of assured returns.
Economic Times

Market valuation of 7 most valued firms climbs Rs 67,260; Reliance top gainer - 8 months ago
The valuation of Reliance Industries jumped Rs 45,262.59 crore to reach Rs 20,14,010.63 crore. State Bank of India added Rs 5,533.26 crore, taking its market valuation to Rs 6,71,666.29 crore.
Economic Times

Fundraising via QIP hits Rs 78,000 crore in FY24 on strong market sentiment - 8 months ago
Fuelled by improved market sentiments and robust underlying demand, fundraising by issuing shares/units to institutional investors soared to Rs 78,000 crore in 2023-24, a more than seven-fold surge year-on-year.
Economic Times

Bajaj Finserv, Canara Bank among 5 stocks with long buildup - 8 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

Tata Chemicals, Vodafone Idea among 5 stocks with short buildup - 8 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

RBI policy, FII flows among 10 factors that will steer D-Street this week - 8 months ago
The Reserve Bank of India's rate-setting committee will be meeting this week to announce policy rates and also give its commentary on the economy and inflation. D-Street is expected to track this bimonthly event.
Economic Times

Lot of 'onion peeling' for attaining global first: Sebi chief on T+0 settlements - 8 months ago
​Attaining the global first of T+0 settlement involved a lot of problem-solving and personal discomforts, SEBI chairperson Madhabi Puri Buch has said giving the analogy of "onion peeling" for the achievement.
Economic Times

CARE Ratings upgrades PNB Housing Finance's various instruments; here's why - 8 months ago
The instruments in which the ratings have been revised upwards include long-term bank facilities, long-term/short-term bank facilities, bonds, long-term instruments, non-convertible debentures (NCDs), tier II bonds, fixed deposits and commercial papers.
Economic Times

Investors eye Fed rate cut, earnings as key to sustaining US market rally - 8 months ago
The S&P 500 ended the first quarter with a gain of more than 10%, its largest first quarter advance since the nearly 13.1% jump in the first quarter of 2019
Economic Times

Stock market holidays in April: BSE, NSE to remain closed on these 2 days - 8 months ago
Equity markets will remain closed once each in May, June, July, August, October and December and twice in November. November 1, Friday will be Diwali (Laxmi Pujan) and Muhurat Trading will be conducted by the exchanges and timings will be notified later.
Economic Times

Are select metals prices indicating China’s economic revival? 5 metal stocks with upside potential of up to 23% - 8 months ago
Few days back, there was a sudden spurt in oil prices, though they might have cooled down a bit. The question is why this sudden spurt when there has not been any rise in tension in the Middle east and it is not even the peak season where demand for heating oil could have led to sudden rise. Now combine this with price trends in some non ferrous metals like copper which have inched upward to form a one year high. While to some it might appear far-fetched at this point of time as there have been many false starts, are the commodity markets giving an indication that finally there are some green shoots in the Chinese economy? The risk is the US election result. Will the election results help in resolving the trade issue or continuation of the issues ?
Economic Times