In May, SoftBank sold 2.07% stake in the fintech company through a series of open market transactions.

Reliance Strategic Investments, part of Indian conglomerate Reliance Industries, will be demerged on July 20 and renamed Jio Financial Services (JFS). Estimates by five analysts suggest that the valuation of the financial services could be between INR160 ($1.95) and INR190 ($2.32) per share. .

The Relative Strength Index (RSI) is a valuable tool for investors seeking to navigate market volatility and make strategic choices. RSI measures the strength of a stock's price movement and helps identify overbought and oversold conditions, trend confirmation, divergence signals, and potential price reversals

When the RSI is above 70, it is considered overbought, indicating that the stock may be due for a correction or price pullback. Conversely, when the RSI is below 30, it is considered oversold, suggesting that the stock may be undervalued and due for a potential rebound.

Going by the draft papers, Piramal Pharma will issue fully paid-up equity shares of the company by way of a rights issue to its existing eligible shareholders for an amount aggregating up to Rs 1,050 crore.

Foreign institutional investors (FIIs) are increasing their stakes in Adani Enterprises, the flagship company of the Adani Group, for the second consecutive quarter. FIIs now hold a cumulative stake of 19.34% in the company, up from 17.75% in the previous quarter. The increase follows further investments made by GQG Partners in the last quarter

Shares of Mazagon Dock Shipbuilders, India’s only shipyard to have built destroyers and conventional submarines for the navy, have gone through the roof, rising 122% so far this year. Shares of Data Patterns, a vertically-integrated defence and aerospace electronics solutions provider have rallied 87%, Hindustan Aeronautics (HAL) has advanced over 50%, while Bharat Electronics and Garden Reach Shipbuilders & Engineers have surged 26% each on a year-to-date (YTD) basis.

Foreign institutional investors (FIIs) are increasing their stakes in Adani Enterprises, the flagship company of the Adani Group, for the second consecutive quarter. FIIs now hold a cumulative stake of 19.34% in the company, up from 17.75% in the previous quarter. The increase follows further investments made by GQG Partners in the last quarter

ETMarkets analysis of mutual funds focuses on stocks exclusively held by a single scheme. Initially, the list contained 176 stocks in June. However, we refined the list by including only those stocks held by mutual fund schemes with a market value of over Rs 25 crore as of June 2023 and experienced a price increase of more than 50% in the current calendar year. Following this selection process, we successfully identified 10 stocks that met the specified criteria. Intriguingly, three of these stocks have become multibaggers in 2023 so far. (Data Source: ACE MF, ACE Equity)

"We recommend investors to buy RIL before the record date i.e. 20th Jul’23 and believe it to be a more economical way to buy Jio Financial Services which is likely to list at Rs 160/share (1x RIL’s treasury stock value)," said Eesha Shah of Axis Securities.

Adani said that the US-based short seller's report around the largest Follow-on Public Offering in India’s history was a combination of targeted misinformation and discredited allegations, the majority of them dating from 2004-2015. They were all settled by the appropriate authorities at that time.

It is not only in India, but in a large number of countries across the world, liquor is a heavily taxed business. Who has survived, one big factor in this business is the establishment of the brand. History is filled with examples, where companies have gone down because they invested too much in brands that did not do well, however they still survived for another day to launch a brand.

A nifty continues to form a new high every day, more number of mid-caps stocks are joining the party. Stocks from sectors like metal, financial service, FMCG have come to the list. 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.

The Nifty IT index is probably the only sectoral index which has not formed a new high in recent weeks. The reason, it is one sector where analysts are least bullish in terms of expecting any upside over the next 12 months. However, the way stocks have moved in the last few days, it is clear that analysts were caught on the wrong foot. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

A nifty continues to form a new high every day, more number of mid-caps stocks are joining the party. Stocks from sectors like metal, financial service, FMCG have come to the list. 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.

Shares of the battery manufacturing company fell for the fourth straight session. On July 6, the battery stock hit its 52-week high of Rs 709. The 52-week low stands at Rs 461 which the stock hit on July 27, 2022.

The proceeds will be used for funding working capital requirements, investments in subsidiaries, funding inorganic growth and other general corporate purposes. Venkatraman Narayanan, MD and CFO of Happiest Minds Technologies described the capital raise as a key step towards the company's strategy to drive business growth and success in the coming years.

Asset allocation is about building a winning blend of key asset classes (best players of a winning team). Asset classes (much like bowlers, batsmen, and wicketkeepers) are categories of securities sharing common traits in terms of risk, liquidity, return potential, and tenures.

Shares of the battery manufacturing company fell for the fourth straight session. On July 6, the battery stock hit its 52-week high of Rs 709. The 52-week low stands at Rs 461 which the stock hit on July 27, 2022.

Paytm is yet to make official disclosures on the transaction to Indian stock exchanges.

A combination of strong macros, stable micros, and a sharp recovery in FII flows post-Mar ’23 has driven the ascent. Valuations today are relatively more reasonable than the Oct’21 peak of the Nifty50.

The company's board at its meeting held on July 17, 2023, has approved the acquisition of Kurlon Enterprise Ltd and House of Kieraya Pvt Ltd, Sheela Foam said in a regulatory filing on Monday.

Largecap stocks that pay high and frequent dividends reward investors with consistent payouts. They also come with less volatility compared with small and midcaps. Here are 10 such stocks with dividend yields up to 31% in the last 12 months. Source: Axis Securities.

The stock rose from Rs 100 as on 13th April 2023 to Rs 127 recorded on 14th July 2023 which translates into an upside of about 27%. The momentum helped the stock to hit a record high of Rs 128.80 on 13th July.

Gujarat Mineral Development Corporation, incorporated in the year 1963, is a Small Cap company (having a market cap of Rs 5641.32 Crore) operating in Mining sector.

The IT services company reported a consolidated net profit of Rs 1,151 crore for the quarter ended June, which was higher by 4%, compared with Rs 1,106 crore in the same quarter last year. Revenue from operations during the first quarter rose 14% year-on-year (YoY) to Rs 8,702 crore. Both profit and revenue were slightly below the estimates. ET Now poll saw the profit figure around Rs 1,194 crore, while revenue was seen at Rs 8,770 crore.

“Product diversification within Retail will help Piramal Enterprises to deliver strong growth. We expect a loan book CAGR of ~19% over FY23-25. We expect a retail disbursement/AUM CAGR of ~37%/~42% over FY23-25,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

Investors are waiting for stronger signs of inflation cooling, with the readings on U.S. retail sales and U.S. industrial production to be released later on Tuesday. Economists reckon retail sales in June will show a 0.5% rise from May.

Our FY22-23 operational and financial results are as much a testimony to our success as testimony to the continued expansion of our customer base – be it on the B2B side or the B2C side.Our balance sheet, our assets, and our operating cashflows continue to get stronger and are now healthier than ever before. The pace at which we have made acquisitions and turned them around is unmatched across the national landscape and has fuelled a significant part of our expansion. - Shri Gautam Adani at AGM 2023 #AdaniAGM #AdaniGroup #HumKarkeDikhateHai

Structural growth is back into focus alongside a cyclical kicker. Concerns of past two years over now; capital allocation to return accretive. In terms of valuation, it is the best choice to play the consumer electricals business. Sustained revenue share gains, a higher share of premium products, and a turnaround at Lloyd to aid margins.

If the single biggest reason for the summer rally of 2023 is FII flow, then probably the single biggest trigger for the flood of FII money is the U-turn in FII strategy from ‘Sell India, Buy China’ during January and February this year to ‘Buy India, Sell China’ during the last three months.

HDFC Bank reported a 30% year-on-year (YoY) growth in net profit for the quarter ended June to Rs 11,952 crore, which was higher than an ET NOW poll estimate of Rs 11,000 crore. The total income for the quarter increased by 39% YoY to Rs 57,817 crore. This is the first earnings of the bank following the merger with parent Housing Development Finance Corporation (HDFC).

IndusInd Bank’s daily trend is bullish to sideways. RSI for monthly, weekly and daily is showing bullish momentum. Based on option chain analysis, the range is between 1200 and 1400. Let’s plan a trade around this.

Sensex rises 350 points, hits fresh high; Nifty above 19,750; Infosys gains 2%, LTIM drops 3%; YES Bank, Vodafone Idea, and Future Consumer are some of the top gainers in the morning trade.

The upside in Nifty was led by Apollo Hospitals, HDFC Bank, Infosys and ICICI Bank while LTIMindtree, Titan and HDFC Life lost 1-3% each.

The opening day of the week saw Nifty continuing with its gains. Banknifty has started giving the index company.

On the weekly options front, the maximum Call OI is placed at 20000 and then towards 19800 strikes while the maximum Put OI is placed at 19600 and then towards 19500 strikes.

ET Now spoke to various experts and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on SRF and Indusind Bank while Nooresh Merani has a buy/sell recommendation on SBI and ICICI Bank for today's trading session. Check out the targets and stoploss.

In the NSE list of stocks with a market cap of over Rs 10,000 crore, we have collated a list of seven stocks that witnessed a 5-year swing high at the close on July 17, 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 or longer.

GIFT Nifty on the NSE IX traded 5.5 points, or 0.03 per cent, lower at 19,774, signaling that Dalal Street was headed for muted start on Tuesday. Here's a slew of stocks that will be in focus today for various reasons.

Eight stocks with a market cap of over Rs 10,000 crore crossed above their 200 DMAs (Daily Moving Averages) on July 14, according to stockedge.com's technical scan data. The 200-day is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.

Four stocks with a market cap of over Rs 1000 crore are witnessing Golden Crossovers, according to stockedge.com's technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks' 50-day simple moving averages (SMA) crossed their 200-day SMAs on July 17.

The brokerage estimates a 10% YoY drop in the bottomline to Rs 16,160 crore, and a 16% fall sequentially. The consolidated revenue may decline 7% YoY and 4% sequentially to Rs 2.08 lakh crore.In the preceding March quarter, the company posted a 19% rise in its net profit at Rs 19,299 crore, while revenue for the same period grew 2% to Rs 2.16 lakh crore.

The banking major is trading in an ascending triangle pattern and nearing the breakout zone of the said pattern. The positive momentum is intact in the stock with parameters like MACD & Relative strength supportive of further up move.

The Activision investment was a form of arbitrage, with Buffett viewing investors as too pessimistic that regulators would approve combining Microsoft's Xbox gaming console business with the publisher of the "Call of Duty" and "Candy Crush" franchises.

The Futures Long Position Scan performed on Monday revealed Aggressive New Long positions on 6 Nift50 counters. This indicates a bullish sentiment in the market, as the average traded and delivered quantity for 5 days, the cumulative open interest, and the price of the stocks have increased. (Source: StockEdge)

A Wall Street Journal report on July 9 named AT&T and Verizon among several telecom giants that abandoned a sprawling network of underground toxic lead cables, with a huge number of them possibly contaminating neighboring soil and drinking water sources.

Companies scheduled to report earnings this week include Tesla and Netflix, while more big banks in the form of Bank of America, Morgan Stanley and Goldman Sachs are also on the docket to post results, following reports from peers such as JP Morgan and Citigroup last week.

Reliance Retail owns a 25.8% stake in Dunzo, while Google holds just under 20%. Reliance Retail’s shareholding is expected to increase in the startup if the ongoing talks lead to the Mukesh Ambani-led conglomerate making an additional investment.

Sheela Foam, which owns the popular “Sleepwell” brand, announced that it will acquire a majority stake in Kurlon Enterprises that owns “Kurl-On” brand for Rs 2,035 crore.