At multi-year highs: APL Apollo among 10 stocks witnessing 5-year swing high breakout - 9 months ago
In the Nifty500 pack, we have collated a list of 10 stocks that witnessed a 5-year swing high at the close on July 21, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.However, it's worth noting that this is different from a 5-year breakout, which occurs when a stock's price surpasses a key resistance level that has held for five years.
Economic Times

Big Movers on D-Street: What should investors do with Infosys, Indiamart and JSW Steel? - 9 months ago
The counter is in a downward trend and from the last trading session it has broken a demand level at around Rs 1350 and also given a closing below the same level. The overall structure is distorted as it trades below its all-important moving averages, however, it has a next demand zone near 1300-1280. On the upside, 1350 is an immediate susceptible area. Above this, we can expect a run-up towards 1400+ levels in the near term.
Economic Times

Stocks in focus: IGL, Vedanta and more - 9 months ago
Nifty futures traded 41 points, or 0.21 per cent, lower at 19,725.50, signaling that Dalal Street was headed for a negative start on Monday. Here's a slew of stocks that will be in focus today for various reasons. Here's a slew of stocks that will be in focus today for various reasons.
Economic Times

Asia shares on tenterhooks for Fed, ECB and BOJ - 9 months ago
Markets are fully priced for quarter point hikes from the Federal Reserve and European Central Bank, so the focus will be on what Fed Chair Jerome Powell and ECB President Christine Lagarde say about the future.
Economic Times

GIFT Nifty down 40 points; here's what changed for market while you were sleeping - 9 months ago
Option data suggests a shift in trading range in between 19500 to 20200 zones while an immediate trading range in between 19600 to 20000 zones.
Economic Times

Stock Radar: This hotel stock could hit fresh 52-week highs in 3-4 weeks, says Ruchit Jain - 9 months ago
"Indian Hotels stock has also been forming a ‘Higher Top Higher Bottom’ formation which is a sign of an uptrend. Hence, since the technical structure indicates the possibility of a resumption of the uptrend," Ruchit Jain, Lead Research, 5paisa.com, said.
Economic Times

Stocks in news: ICICI Bank, RIL, Kotak Bank, Paytm, Tata Steel, YES Bank - 9 months ago
Kotak Mahindra Bank reported a 67% year-on-year jump in its standalone net profit at Rs 3,452 crore. The net interest income stood at Rs 6,234 crore, up 33% YoY.
Economic Times

Bain Capital to acquire 90% stake in Adani Capital, Adani Housing - 9 months ago
The transaction is expected to close in the fourth quarter of this year. The aim of the deal is to position Adani Capital as a standalone company to expand its lending operations.
Economic Times

SEBI's new ESG regulations pose challenges for top firms - 9 months ago
Top Indian companies are facing challenges due to the capital-markets regulator's new Environmental, social and governance (ESG) rules as they struggle to collate non-financial data dispersed across various internal systems, evaluate the impact of disclosing private data on sensitive governance issues, and start dealing with the complexity of capturing and auditing data from thousands of their suppliers.
Economic Times

Byju’s, lenders agree to alter terms of $1.2 billion loan - 9 months ago
Creditors could drop the demand for accelerated repayment; all litigations may come to an end if talks turn out to be fruitful.
Economic Times

Foreign assets a tricky terrain in ITR - 9 months ago
Many were, and some still are, oblivious of the price of not disclosing overseas stock options which have been vested but not exercised, ongoing retirement schemes like 401(k) in the US, and beneficial interests in offshore companies.
Economic Times

Banking, oil & gas stocks top FPI picks in first half of July - 9 months ago
​​FPIs bought shares worth Rs 30,662 crore in the first half of July. Most banks reported better-than-expected earnings growth in the March quarter with further margin expansion, while asset quality improved.
Economic Times

High demand, dip in input costs may lift UltraTech margins - 9 months ago
For the past four quarters, margins of cement firms have been largely impacted by high raw material costs. But in the year-to-date (YTD) period in 2023, pet coke and thermal coal prices have fallen close to 40%. This should provide relief to cement firms and elevate their margins.
Economic Times

Go First looks at external funding for contingency plan - 9 months ago
Go First, the first Indian airline to file for voluntary insolvency proceedings, is reaching out to asset reconstruction companies and distressed debt funds for short-term priority funding, focusing on alternative sources of funds to ensure revival is not impacted by procedural issues. Lenders, Bank of Baroda and Central Bank of India, have agreed in principle to lend INR 450 crore, which would come at a 20% interest rate.
Economic Times

Coffee Day Global now in bankruptcy process - 9 months ago
Coffee Day Global, which runs the Cafe Coffee Day chain in India, has been admitted for corporate insolvency by the Bengaluru bench of the bankruptcy court following a petition filed by IndusInd Bank. A subsidiary of listed Coffee Day Enterprises, which was promoted by the late VG Siddhartha that committed suicide in 2019, the company has outstanding debt of ₹67.3 crore from IndusInd Bank as of 31 March 2022, with the total debt standing at ₹960 crore, according to its annual report.
Economic Times

Vedanta Resources rolls over group company debt at big interest markup - 9 months ago
By extending inter-company loans, VRL can address outstanding external debt requirements, including a $1bn bond due in January 2024. The move could also enable VRL to borrow $2.4bn, upfront, using brand fee receivables to repay outstanding debt obligations.
Economic Times

US stocks' 2023 surge faces Fed test even as profits improve - 9 months ago
Amid signs that inflation pressures are finally ebbing, setting up what has historically been a bullish stretch, the S&P 500 Index is a mere 5.4% below its all-time peak. It's a backdrop that raises the stakes for this week's pivotal central bank meeting, with economists still debating whether a recession is ahead this year.
Economic Times

Before 20,000 a retreat in store for Nifty: Analysts - 9 months ago
​Nifty has almost tested the new milestone of 20,000 and gained over 7% in the last four weeks, which has pushed the oscillators into the overbought zone. The sharp dip in IT has derailed its momentum, and we could see a breather in auto and FMCG.
Economic Times

RIL stock could take a breather as D-Street digests Q1 results - 9 months ago
The perceived earnings miss, which has come on the heels of the 31% record-breaking surge in the stock price from its 2023 lows in March, could dampen investor sentiment in the absence of near-term positive triggers, said analysts.
Economic Times

FPIs may wait for some steam to blow off a red-hot Street - 9 months ago
With the near-uninterrupted 17% rally from the 2023 lows in March taking domestic benchmark indices to record highs and pushing share valuations to elevated levels, there are concerns that the market may be overheated in the near term which could result in foreigners moderating their purchases of local stocks.
Economic Times

Stock Radar: Possibility of resumption in uptrend after consolidation makes this hotel stock attractive - 9 months ago
The stock hit a 52-week high of Rs 405 on 19th June 2023 but failed to hold on to the momentum. The stock consolidated in a narrow range where Rs 400 acted as a strong resistance, while on the downside, support was above Rs 370. The support also corresponds with the 50-DMA on the daily charts. The stock did surpass Rs 400 levels in intraday trade on Thursday when it hit a high of Rs 405 but saw some profit-taking in Friday’s trade.
Economic Times

Focus on probability of being right than possibility of being right - 9 months ago
Noise about a company and its stock are at their highest when quarterly results are announced. The reason, right from the company's management making claims to clarifications, analysts to the media, everyone is focussed on what happened in the previous quarter to get a clue about what will happen in future. To cut through all the noise and make the right decisions, whether it is trading or investing in that stock, some data points with trends are important to look at so that the probability of that decision going right increases.
Economic Times

Look at the probability of being right rather than the possibility of being right - 9 months ago
Noise about a company and its stock are at their highest when quarterly results are announced. The reason, right from the company's management making claims to clarifications, analysts to the media, everyone is focussed on what happened in the previous quarter to get a clue about what will happen in future. To cut through all the noise and make the right decisions, whether it is trading or investing in that stock, some data points with trends are important to look at so that the probability of that decision going right increases.
Economic Times

Learn With ETMarkets: Options Demystified 502 – Option Spreads - 9 months ago
"Even if we consider in-the-money or at-the-money call options, there will still be extrinsic value in addition to intrinsic value in the total premium you pay to buy the option. This extrinsic value will decrease resulting in a reduction of total premium if the stock doesn't move or even moves slowly in your direction."
Economic Times

Market Trading Guide: Zomato, Hindalco among 10 stock recommendations for Monday - 9 months ago
Benchmark stock indices Sensex and Nifty tumbled over 1 per cent on Friday, snapping their six-day record-breaking run as IT behemoth Infosys tanked over 8 per cent after it slashed the FY24 growth outlook. The 30-share BSE Sensex tanked 887.64 points or 1.31 per cent -- its biggest single-day slide in over four months -- to settle at 66,684.26. During the day, it plummeted 1,038.16 points or 1.53 per cent to 66,533.74. The NSE Nifty fell by 234.15 points or 1.17 per cent to end at 19,745, cutting short its six-day winning run. As many as 36 Nifty shares closed in negative while 14 advanced.“A crucial support level for Nifty lies at 19700, marked by significant Put writing. Should the index breach this level, it may lead to a substantial market correction. On the upside, resistance is positioned at 20000,” Rupak De, Senior Technical analyst at LKP Securities, said.Here are stock recommendations for Friday:
Economic Times

Breakout Stocks: How Infosys, RIL and ICICI Bank are looking on charts for Monday’s trade - 9 months ago
​Stocks in focus included names like Infosys, which was down more than 8%, Reliance Industries (RIL) fell more than 2% ahead of results, and ICICI Bank, which closed flat but with a positive bias ahead of results on Friday.
Economic Times

Tightrope for promoters: Sebi's new rules on disclosing internal agreements - 9 months ago
The Securities and Exchange Board of India (SEBI) has expanded disclosure requirements for listed entities to encompass agreements not binding between parties, if they pertain to management or control of the company. The move is intended to boost transparency, mitigate information asymmetry and prevent unfair practices.
Economic Times

Corporate actions this week: Tata Motors, UltraTech Cement to go ex-dividend, Remedium Lifecare ex-bonus and more - 9 months ago
The ex-dividend date is when the price of the equity shares of a company gets adjusted for the dividend payout. It is one or two working days before the record date. All the shareholders whose names appear in the company's list by the end of the record date will be eligible to receive dividends.
Economic Times

Epic Wimbledon Showdown: Unleashing wealth lessons from Djokovic and Alcaraz - 9 months ago
The captivating stories of Djokovic and Alcaraz offer profound parallels to the world of wealth management. Djokovic's journey of honing his tennis skills over 32 years reflects the need for individuals seeking wealth creation to develop expertise in financial matters. Just as Djokovic exemplified consistency and perseverance
Economic Times

5 behavioural biases to avoid while building your portfolio - 9 months ago
Sumit Poddar of Tikona Capital lists 5 behavioural biases that investors should avoid to amass solid returns. Take a look!
Economic Times

See Nifty50 target of 21,000 by December 2024 in base case scenario: Vinod Nair - 9 months ago
YTD, the market has performed better than expected because the key risk point of a likely fall in earnings growth reversed due to a strong upside in economic activities in Q4FY23, which is expected to continue in Q1FY24. The mid-calendar year review is that the market has become more optimistic.
Economic Times

Lower your tax outgo by offsetting losses in equity investments - 9 months ago
The STCG is taxed at 15% if the investor sells equity shares within 12 months of purchasing it. STCG applies when shares are sold at a price higher than the purchase price. Meanwhile, LTCG is taxed at 10% on the sale of equity shares over a threshold of Rs 1 lakh after holding it for at least one year. In both cases, the applicable cess will apply. LTCG also provides the benefit of indexation
Economic Times

Missed top Q1 earnings last week? Here's a snapshot - 9 months ago
From HDFC Bank to Infosys, a host of index heavyweight companies have reported first-quarter of FY24 earnings this week. If you have missed tracking the numbers, here is a quick snapshot
Economic Times

Will PLI and China+1 help in weaving profitability? 4 stocks from textile sector with upside scope of up to 30% - 9 months ago
Textile is one of the oldest industrial sectors in India. However, right from labour issues to smaller Asian countries becoming more competitive in terms of cost of production, different segments of the textile industry have faced more headwinds than tailwinds in their history of existence. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum.
Economic Times

Nifty F&O Outlook: Buying support near 19,600, uptrend will resume, says ICICIdirect - 9 months ago
On the options front, Call writers have gone a bit aggressive due to the sharp sell-off seen on Friday. However, Put option bases seem to be intact and no major closure was experienced at ATM 19800 strike
Economic Times

Looking to beat volatility? Bet on these 5 largecap stocks with right mix of ROE & ROCE - 9 months ago
A software company with a net margin of 10 percent is probably not worth looking at but if an infrastructure and construction company has a net margin of 10 percent it is not bad at all. The best construction player in India strives to get double digit numbers, but it has been able to create wealth for its stakeholder. Every industry has its own matrix which should be taken into account before investing. ET screener powered by Refinitiv’s Stock Report Plus lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
Economic Times

Missed top Q1 earnings this week? Here's a snapshot - 9 months ago
From HDFC Bank to Infosys, a host of index heavyweight companies have reported first-quarter of FY24 earnings this week. If you have missed tracking the numbers, here is a quick snapshot
Economic Times

Five of top-10 most valued firms add Rs 4.23 lakh crore in mcap - 9 months ago
Five out of the top 10 Indian companies gained a market valuation of Rs 4,23,014.4 crore last week, with HDFC Bank and ICICI Bank being the major contributors. HDFC Bank's market valuation rose by Rs 3,43,107.78 crore, making it the second most valuable company after Reliance. Meanwhile, the market valuation of Reliance
Economic Times

4 stocks from different sectors with right PEG ratio for long-term wealth creation - 9 months ago
One of the reasons why looking only at Price earning (PE) ratio leads to wrong decisions, is that by the time PE gets adjusted to newly announced earnings per share (EPS), it is too late. Especially in the case of commodity stocks, PE ratio is probably the last thing to look at as it creates a mirage of value.
Economic Times

After a pause, US Fed likely to hike interest rates to 22-year high - 9 months ago
The US Federal Reserve is expected to approve a quarter percentage-point hike at its meeting this week, placing interest rates at their highest levels since 2001. This comes despite recent signs of slowing inflation, which the central bank has been battling for more than one year.
Economic Times

Parents’ Day 2023: Honoring the unsung heroes of our lives - 9 months ago
If your parents are nearing retirement age, you can invest a lump sum in an annuity with a return of premium option so that they can get a monthly income right away
Economic Times

FPIs stay invested in Indian equities; put in Rs 43,800 cr this month - 9 months ago
Persistent flows from FPIs have led Indian equity markets to surge to their all-time high levels. Therefore, intermittent profit booking cannot be ruled out going ahead, Himanshu Srivastava, Associate Director - Manager Research at Morningstar India, said
Economic Times

Fed meeting, Q1 earnings among top 10 factors to dictate Dalal Street mood this week - 9 months ago
Major June quarter earnings are lined up for this week. Tata Steel, Bajaj Auto, Asian Paints, SBI Life Insurance Company, Tata Motors, Larsen & Toubro, Tata Consumer Products, Bajaj Finance, Tech Mahindra, Dr Reddy's Laboratories, Cipla, Axis Bank, Nestle India, Bajaj Finserv, among others will declare their Q1 earnings.
Economic Times

Fed, Netflix earnings cast clouds over 2023’s tech-stock surge - 9 months ago
Next week, around 170 companies in the S&P 500 Index, representing 40% of its market capitalization, are set to post results, including tech bellwethers Microsoft Corp., Meta Platforms Inc. and Google parent Alphabet Inc. And on Wednesday, after the Fed announces its latest decision on interest rates, Chair Jerome Powell will provide clues on whether investors were correct to wager that its expected quarter-point rate hike will be its last
Economic Times

Q1 results this week: Tata Steel, L&T, Axis Bank, Bajaj Finance, Tech Mahindra, Tata Motors, and others - 9 months ago
Larsen & Toubro (L&T), Asian Paints, Tata Motors, Bajaj Auto, SBI Life Insurance Company, Jubilant FoodWorks, KPIT Technologies, Dixon Technologies, Suzlon Energy, among others will report Q1 results on July 25
Economic Times

Bain Capital in talks to acquire Adani Capital for Rs 1,500 cr: ET NOW Report - 9 months ago
Bain Capital is in advanced talks to acquire Adani Group’s shadow bank Adani Capital, edging past Carlyle and Cerberus Capital Management.
Economic Times

FPI holding in Paytm rises by 530 bps to 16.86% in June quarter - 9 months ago
The contribution profit for the first quarter is up by about 80% year-on-year to Rs 1,304 crore, with a margin of 56%. At the operating level, EBITDA before ESOP improved to Rs 84 crore, with margins at 4%, driven by an increase in contribution margin and operating leverage.
Economic Times

Dalal Street Week Ahead: Nifty may trade rangebound; adopt stock-specific approach - 9 months ago
The coming week also has a monthly derivatives expiry lined up. The days would remain influenced by rollover-centric activities. The week is likely to see a tepid start, with the levels of 19,850 and 20,000 acting as potential resistance points. The supports come in at 19,610 and 19,470 levels.
Economic Times

FPI holding in Paytm rises to 16.86% in June quarter - 9 months ago
The contribution profit for the first quarter is up by about 80% year-on-year to Rs 1,304 crore, with a margin of 56%. At the operating level, EBITDA before ESOP improved to Rs 84 crore, with margins at 4%, driven by an increase in contribution margin and operating leverage.
Economic Times

Learn With ETMarkets: Capital asset pricing model explained - 9 months ago
But how do we make this analysis? Some investors rely on guesswork, while others examine past performance. But hold on! There's a logical model that can help you calculate the expected rate of return based on the risk involved. This model is known as the ‘Capital Asset Pricing Model’.
Economic Times