JM said that Kaynes was on a journey of value addition with significant expansion of its PCBA business across various high-margin sectors. It achieved a "remarkable" order book CAGR of 96% from FY20-23 at Rs 3,790 crore which is 2.4X its trailing-twelve month revenue.

Banking sector is probably the best proxy play to the Indian economy. The reason, banks provide the lifeline of capital to all the sectors which form part of any economy, whether it is retail loans or corporate loans. So when these sectors do well, banks have a higher credit growth. So, if the economy is likely to grow faster than there is no way banks are not going to do well. Because there is a certain amount of ownership overhang in private sector banks and also the fact that voices from India’s largest bank are expecting to witness a revival of the capex cycle, it would be better to have a basket of stock from both segments of the banking sector. Until yesterday, the correction in bank stocks was largely led by HDFC bank, today, some of the PSU banks have witnessed some minor decline from their high’s. At this point of time, it could be just another round of profit booking but it would be better to keep an eye given the a segment where fundamentals have improved after decades and street has just started to take that into account, for long term investors, opportunities might be present.

Vi’s stock opened 0.7% lower and was trading down 1.26% at Rs 15.67 per share in early trade on Wednesday.

“The liquidation value of the equity shareholder of RCL (Reliance Capital) is Nil and hence, equity shareholders will not be entitled to receive any payment and no offer will be made to any shareholder of RCL,” according to an exchange filing.

Meanwhile, following the development in the firm, global brokerage firm UBS said in a note, "Paytm will likely experience near-term financial impact on its business along with some permanent loss of business in FY25E."

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 Wednesday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:

Cochin Shipyard shares have delivered multibagger returns of nearly 300% in the past 12 months and have outperformed Nifty which itself has given returns of over 27% during this period. The stock is currently trading above its 50-day and 200-day simple moving averages (SMAs).

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 Friday's trading session, five stocks witnessed a build of fresh long positions. Here's the list:

Vodafone Idea plans to raise Rs 20,000 crore through equity, but shares fell as it may have limited financial impact due to its massive debt pile. Investors are concerned about the company's ability to bring in external investors. Nomura also highlights the importance of improving the subscriber base. Government dues and subscriber additions are additional challenges.

CAMS is India's largest Mutual Fund Transfer Agency that provides MF Services & Statements. Service partner to AIFs, Insurance Companies, Banks & NBFCs, according to the company website.

In its stock review note, CLSA said that the company was focused on operational uptick and deleveraging. It said that the company's operational improvement will be key to its re-rating.

Patanjali Foods, in a regulatory filing on Tuesday, said that the SC order did not relate to Patanjali Foods Limited (PFL), which is an independent listed entity and operates in the space of edible oil and food FMCG products only.

Bosch is a leading technology and critical component supplier to leading original equipment makers (OEMs) in the domestic market. The company has been continuously focusing on localization which would result in a shift of operating expenses to capital investments and, hence, operating performance would improve in the coming years, believes Abhishek Gaoshinde of Sharekhan by BNP Paribas.

Juniper Hotels' shares listed at a premium on NSE and BSE. The IPO scraped through with 2x subscription. The company raised Rs 810 crore from anchor investors. The net proceeds of Rs 1,500 crore will be used for repayment and general corporate purposes. Juniper Hotels is co-owned by Saraf Hotels and Two Seas Holdings, an affiliate of Hyatt Hotels Corp.

Along with that, it has also built up a strong presence in the automotive aftermarket, power tools segment and building technology segment.

Analysts also note that the significant equity component in comparison to the promoter’s commitment of up to Rs 2,000 crore can potentially mean VIL may be able to bring on some external investors, which has been in the works for a long time now. "If VIL is able to bring in external investors, it would be a significant positive for the company," Nomura said.

The DXY narrowed its losses from 0.30% over the past five trading sessions to 0.12%. Today it was hovering near the 103.88 mark against a basket of six major currencies and was down by 0.05 points or 0.05%.

All of these tiny titans are from the smallcap universe and only 2 of them have not given multibagger returns in the last 1 year, shows a study by ETMarkets. For this analysis, we took companies with a market capitalisation of over Rs 500 crore and excluded banking and financial services firms.

Macquarie maintained an underperform rating on Zomato but raised the target price to Rs 96. The brokerage said that Zomato demonstrated improved unit economics, while also showing stronger growth in quick commerce in the past few quarters.

The company will issue warrants worth Rs 75 crore to the non-promoter entity Samena Green Ltd, while a similar amount of warrants will be issued to Adventz Finance Private Ltd, which is the promoter group firm.

The unprecedented demand across key metropolitan cities and beyond is the primary trigger for the rally in shares.

As the record date to participate in the buyback is February 29, the last day to buy shares to be eligible to apply for the special situations opportunity is today.

From the Sensex stocks, Bharti Airtel, Tata Motors, SBI, Bajaj Finance, and Tata Steel opened with gains, while Asian Paints, UltraTech Cement, Wipro, Power Grid, and L&T opened with cuts.

"The RBNZ has closed the door to further rate hikes, which was a surprise to somewhat hawkish expectations," said Charu Chanana, head of currency strategy at Saxo.

Foreigners have plowed $7.7 billion into Korean stocks this year, more than any other emerging Asian markets, according to data compiled by Bloomberg. They withdrew more than $3 billion from Indian stocks in the period.

Stocks that were in focus included names like Easy Trip Planner, which rose 2.07%, Hindustan Copper, which fell 3.6%, and NMDC, whose shares closed 4% lower on Tuesday.

With the latest employment report not due until next week, the spotlight is on Thursday's January personal consumption expenditures price index (PCE), the Fed's preferred inflation gauge.

“Astral stock has given a breakout of its Flag formation which is a continuation formation. Traders can buy for a target of Rs 2215-2450 in the next 3-4 weeks,” KKunal V Parar Vice-President of Technical Research and Algo at Choice Broking, said.

The government-backed asset reconstruction company appointed Shamik Roy, a veteran in the distressed loan segment who was earlier with HCC, IDBI Bank and Srei BNP Paribas, as chief executive officer, said people with knowledge of the matter.

According to BSE bulk deal data, the shares were offloaded at ₹370.38 per share to various investors, including Nomura, Kotak Mutual Fund, Ward Ferry Asia, and ICICI Prudential Mutual Fund, among others. Sion Investment Holdings, an affiliate of Baring Private Equity Asia, held 41.7 million shares, or 26.67% stake in the company as of December 31, 2023.

The half-yearly and quarterly review of accounts by the PSU banks would be submitted to RBI within 21 days from the date of receipt of the report from the statutory central auditor.

Large trusts and non-profits are in dilemma as the March 15 deadline for advance tax approaches. The new law taxes the money given by larger trusts to smaller NGOs. Clarification by the CBDT is needed to address the impact on flow of funds to charitable causes and to provide tax exemptions for sub-grants.

Financial services witnessed the highest outflows from foreign investors who sold shares worth ₹7,536 crore in the sector, after selling over ₹30,000 crore in January on concerns over increasing cost of funding and rise in operating costs. Last year, the sector had received robust inflows worth ₹52,900 crore.

Analysts recommend upgrading TCS stock to 'buy' with a 14.6% upside. Cello World coverage initiated with a 25.6% upside driven by porcelain. Embassy REIT offers a 9% upside with improving occupancy and rental rates.

IndoStar Capital Finance has signed an agreement to raise Rs 457 crore through preferential allotment of warrants to promoter Brookfield Asset Management and non-promoter investor Florintree Tecserv LLP.

Walmart implemented a three-for-one stock split last Friday meaning the investors would now hold three shares of the US retail giant instead of one.

The regime, introduced in 2022, allows parties involved in a case to have access to confidential information or documents relating to other parties in an investigation to better defend themselves, subject to riders.

Astral, in the capital goods sector, reached a new record high and chart patterns suggest the trend will continue. Short-term traders can buy the stock for a target of Rs 2215-2450. The stock broke out of a bullish flag pattern and found support above moving averages, indicating a positive trend.

Market focus is back on the Fed's monetary policy path after a frenzy around artificial intelligence (AI) in the previous week eclipsed concerns about delayed rate cuts and pushed the S&P 500 and Dow Jones industrials to new peaks.

The shares were offloaded at Rs 370 apiece to various investors, including Nomura, Ward Ferry, and domestic mutual funds, sources disclosed. Sion Investment Holdings, an affiliate of Baring Private Equity Asia, held 4.17 crore shares or 26.67% stake in the company as of December 31, 2023.

Benchmark equity indices remained choppy on Tuesday but rebounded in the second half to close higher amid mostly firm global cues. Going forward, analysts expect the market to trade in a range with a positive bias."Appearance of a bullish candle with close near day's high indicates an immediate floor between 22,100-22,000 levels, while sustenance above 22,200 could lift the index till 22,400 zone," said Amit Trivedi of YES Securities.Here are 3 stock recommendations for Wednesday

​Promoter Sion Investment Holdings Pte Ltd sold its entire stake in CMS Info Systems through block deals on Tuesday. ​According to exchange data, Sion Investment Holdings has sold 4.17 crore shares, representing a 26.66% stake in the company.

Brookfield will invest Rs 257 crore by subscribing to approximately 13.95 million warrants at Rs 184 each, while Florintree will invest Rs 200 crore by subscribing to 10.87 million warrants, IndoStar Capital Finance said in an exchange filing.

The Dow Jones Industrial Average rose 18.67 points, or 0.05%, at the open to 39,087.90.

Benchmark equity indices remained choppy on Tuesday but rebounded in the second half to close higher amid mostly firm global cues. Going forward, analysts expect the market to trade in a range with a positive bias."Appearance of a bullish candle with close near day's high indicates an immediate floor between 22,100-22,000 levels, while sustenance above 22,200 could lift the index till 22,400 zone," said Amit Trivedi of YES Securities.Here are 3 stock recommendations for Wednesday

The S&P BSE Sensex rose more than 300 points to close above the 73000 mark while the Nifty50 failed to hold above 22,200 level. Sectorally, buying was seen in realty, consumer durables, capital goods, and IT stocks while oil & gas, energy, public sector and utilities saw some selling pressure.

Through a separate deal, Bharti Enterprises sold a 1.3% stake in ICICI Lombard General Insurance for Rs 1,042 crore. It sold 62,50,900 shares at Rs 1,666.35 a share.

The company’s board on Tuesday approved equity fund raise of upto Rs 20,000 crore by way of equity-linked instruments which could be convertible debentures, warrants, or other securities convertible into Equity Shares, Global Depository Receipts, American Depository Receipts or Foreign Currency Convertible Bonds.

Sebi's Whole Time Member Ananth Narayan on Tuesday said circumvention of regulations is an industry-wide and generic issue with the Alternate Investment Fund ecosystem.

The company’s board on Tuesday approved the equity fund raise of up to Rs 20,000 crore by way of equity-linked instruments which could be convertible debentures, warrants, or other securities convertible into Equity Shares, Global Depository Receipts, American Depository Receipts or Foreign Currency Convertible Bonds.