Canara Bank board approves 1:5 stock split. Details here - 9 months ago
The move is aimed at improving liquidity in the bank’s shares and making it more affordable for retail investors along with broadening the retail investors' base.
Economic Times

Tech View: Nifty finds support at 20-DMA. What should traders do on Tuesday - 9 months ago
Nifty has been in consolidation mode since the last four trading sessions. The daily and hourly momentum indicators are providing divergent signals which can lead to a range-bound move over the next few trading sessions. Open Interest (OI) data showed the call side had the highest OI at 22,300, followed by the 22,500 strike prices.
Economic Times

FPIs pare exposure to financial stocks amid rising credit costs - 9 months ago
The peak weight of the financial stocks in the FPIs portfolio was around 38% in the pre-Covid period. In 2023, FPIs deployed only 16.4% of the total inflow of $21 billion to the financial sector. Mirroring the trend of FPIs, local mutual funds too are paring their exposure to private banks with the sector weight in their AUM dropping to 17.1% in January 2024 from a high of 20.5% in June 2023.
Economic Times

IT, metal stocks drag Sensex 353 points lower; Nifty below 22,150 mark - 9 months ago
Market breadth skewed in favour of the bears with 37 stocks from the Nifty pack settled with cuts, while 12 managed to end in the black. One stock remained unchanged in the 50-stock index. L&T, Power Grid, Adani Enterprises, Tata Consumer Products, and SBI Life Insurance were the top gainers, while Asian Paints, Apollo Hospitals, Hindalco Industries, Divi's and Tech Mahindra were the top drags in today's trade
Economic Times

Indians scurrying to hoard Nvidia shares as everyone buying shovel-makers in AI gold rush - 9 months ago
Volumes have doubled month-on-month and last week it was crowned as the No. 1 trending stock by number of users and volumes on Vested Finance. The average trading volume per user is almost 5x in February 2024 compared to February 2023, said Viram Shah, CEO, Vested Finance.
Economic Times

Macro tailwinds continue; 7 hotel stocks from large, mid and smallcap space, one with upside potential of up to 27% - 9 months ago
Thirty years back in 1994, when the Indian market witnessed the first round of bull run after the Harshad Mehta scam, the sector which was on top gainer list was the hotel sector. In those days, the logic given in the brokerage research reports, which used to come out very infrequently and were miniscule in numbers, was that as the Indian economy opens up, more foreign business travellers would be coming to India. That will lead to higher occupancy and it is not easy to set up a 5 star hotel so the demand supply equation would be in their favour. Today there is an element of foreign travellers but more importantly, the unstoppable traveling Indians along with domestic business travellers who are creating a situation where once again demand is higher than supply leading to a situation which is favorable for the bottomline of hotel companies. The question is are the valuations cheap, surely not, but is the growth likely to be stronger and stable? The answer is probably yes. We take a look at 7 stocks, some of which are not rated, but their over score is positive to neutral.
Economic Times

Alkem Labs plunges more than 13%, sees biggest single-day fall in over 3 years on tax evasion allegation - 9 months ago
In September last year, the tax department conducted surveys on the offices and premises of the company after receiving intelligence regarding a large amount of tax evasion. The I-T department has found that the company claimed bogus and excessive deductions for its manufacturing units in Sikkim. Many such deductions were claimed under various special sections like 80-IC, as per news reports.
Economic Times

Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 37 % - 9 months ago
In the last two months, there have been phases where the nifty has witnessed a short correction which lasted for anywhere between two to four days. The only difference is that unlike the past when such correction took place, this time when corrections are taking place mid-cap segment also participated. This is indicative of profit booking happening at the broader market level. At this point of time, one cannot rule out volatility which can bring more damage to stock prices in the mid-cap segment. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. 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

Warren Buffett's $168 billion piggy bank outsizes market value of all Indian banks, LIC - 9 months ago
Buffett's war chest is bigger than the market value of HDFC Bank as India's most valued lender is worth about $137 billion. Dalal Street's favourite ICICI Bank is worth around $90 billion, SBI $81 billion and LIC $80 billion.
Economic Times

YES Bank shares fall over 7% in two sessions on Goldman's downgrade - 9 months ago
In its stock review note, the US-based brokerage said the Goldilocks period is over for the financial sector as it downgraded two other banks — State Bank of India (SBI) and ICICI Bank. But when it comes to HDFC Bank, it sees a 33% upside.
Economic Times

Technical Stock Pick: Multibagger in 1 year! DLF trading near 2008 levels; should you buy or book profits? - 9 months ago
Short-term traders can look to buy the stock for a possible bounce back towards 950 levels in the next 3-4 weeks, suggest experts.
Economic Times

Services stock set to rise 5% & electronics parts maker 6% - 9 months ago
Nifty opened strong but soon started losing speed. It closed with a negligible loss.
Economic Times

Asian Paints, Indian Hotels among 5 stocks with short buildup - 9 months ago
A short buildup is when there is a rise in open interest and volumes along with a decrease in the price of an 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 Monday’s trading session, five stocks witnessed a build of fresh short positions. Here's the list:
Economic Times

Rip Van Winkle and 4 other investing hacks from Warren Buffett's annual letter - 9 months ago
Berkshire Hathaway shareholders have been told in no uncertain terms that there is no possibility of eye-popping performance even as they are sitting on a cash pile of $168 billion.
Economic Times

Kaynes Technology, Syrma from EMS space could rally 15-30% in 1 year: Siddhartha Khemka - 9 months ago
The 3QFY24 performance was characterized by a strong revenue growth, but margins were adversely impacted by a change in product mix for multiple players and other company-specific business adjustments/ investments to sustain strong growth for the long term.
Economic Times

Asian Paints shares fall 5% on Grasim's entry into paint business, CLSA downgrade - 9 months ago
The review comes on the back of Grasim Industries’ foray into the paint business. CLSA said the industry will likely see a significant uptick in competition, thereby cutting its FY25/26CL estimates by 8/10%. The brokerage also lowered its target price from Rs 3,215 to Rs 2,425.
Economic Times

Shriram Finance, IRCTC among 5 stocks with long buildup - 9 months ago
A long buildup is when there is an increase in open interest and volumes and also in the price of an 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

Hot Stocks: Brokerage view on Kotak Bank, SBI Cards, GAIL India and Embassy Office Parks - 9 months ago
Global brokerage JPMorgan has maintained a neutral rating on GAIL India with a target price of Rs 175. The global investment bank has placed GAIL on a positive catalyst watch, while BofA Securities maintained a buy stance on Embassy Office Parks with a target price of Rs 385.
Economic Times

F&O stocks to buy or sell today: 6 trading ideas by experts for 26 February - 9 months ago
The Nifty Futures witnessed a flat closing on Friday while Open Interest declined by 1.01%, but the trend remains on the upside as long as Nifty holds above 22000, suggested experts.
Economic Times

Despite promoter stake sale, these 7 stocks clocked double-digit gains in 2 months - 9 months ago
ETMarkets scanned through the quarterly shareholding of promoters, and found seven companies where the holding came down sharply on a sequential basis, while the stocks have gained up to 55% so far in 2024.
Economic Times

Paytm shares jump another 5%. What's working in Vijay Shekhar Sharma's favour? - 9 months ago
The Reserve Bank of India has allowed Paytm to transfer its IPO-based payments business from Paytm Payments Bank to 4-5 other banks. It has also directed the National Payments Corporation of India or NPCI, the operator of the UPI platform, to examine the fintech's request to become a third-party application provider (TPAP) for the UPI channel. Getting NCPI’s approval will allow the app to continue offering UPI-based payment services.
Economic Times

Fundamental Radar: Risk-reward attractive in Dalmia Bharat on three tailwinds, says Arun Agarwal - 9 months ago
Realisations were higher sequentially as the cement maker front loaded price hikes. The company’s operating profit per tonne rose more than 19% sequentially to Rs 1,140, aided by the price hikes.
Economic Times

Fundamental Radar I Risk-reward attractive in Dalmia Bharat on three tailwinds, says Arun Agarwal - 9 months ago
Dalmia Bharat Ltd reported a healthy set of quarterly numbers, with the cement maker gaining further market share in east India during the last quarter. The company’s organic expansion plans are on track and leverage remains comfortable. Given improved capital allocation, growth visibility and inexpensive valuations, the stock offers attractive risk-reward, says Arun Agarwal of Kotak Securities.
Economic Times

Monday Blues! Sensex drops nearly 200 points; Nifty below 22,250 - 9 months ago
From the Sensex pack, Asian Paints, Titan, Tech Mahindra, Axis Bank, and Wipro opened with cuts, while L&T, Power Grid, UltraTech Cement, M&M, and Tata Steel opened with gains.
Economic Times

Technical picks: IRCTC, Nazara Technologies among 6 stocks that can rally up to 25% in short term - 9 months ago
India's blue-chip indices logged their second straight week of gains, with the benchmark Nifty 50 index hitting record highs in all five sessions, buoyed by a rise in heavyweight financials. Meanwhile, a host of analysts shared their tech views on several stocks, which may gain up to 25% in the near term. Here is a list of 6 tech picks from various analysts:
Economic Times

Asia shares pause ahead of inflation feast - 9 months ago
The Federal Reserve's favoured measure of inflation - the core personal consumption expenditures (PCE) price index - is due on Thursday and forecasts are for a rise of 0.4%.
Economic Times

Big movers on D-Street: What should investors do with Sona BLW Precision, Jio Financial and Vodafone Idea? - 9 months ago
Stocks that were in focus included names like Sona BLW Precision, which rose 5.9%, Jio Financial, which was up 10.62%, and Vodafone Idea, whose shares closed 7.67% higher on Friday.
Economic Times

Stock Radar: Time to buy? SBI Life breaks out from consolidation range since December 2023, says Shitij Gandhi - 9 months ago
“SBI Life Insurance stock has been consolidating in a broader range of 1360 to 1480 since the last four months with prices holding well above its 200-Days EMA on a daily and weekly interval. Traders can buy for a target of Rs 1700 in the next 5-7 weeks,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.
Economic Times

HDFC Bank gets RBI nod to sell 90% in education loan company - 9 months ago
HDFC Bank received RBI approval to sell 90% stake in HDFC Credila, boosting Q4 income. The sale was approved by RBI and CCI. Details of credit rating report, stake divestment, and fresh equity infusion were mentioned. Availability of balance amount not specified. On July 1, last year, HDFC Ltd, the parent housing finance company, was amalgamated with HDFC Bank. Thus, the entire investment was transferred from the parent to the bank.
Economic Times

Hot Stocks: 3 stocks that may give returns upto 38% - 9 months ago
If Indus receives its dues (receivables $635 million), it could declare a special dividend – translating into 8-9% of dividend yield
Economic Times

UAE coming out of FATF 'grey list' is good news for India - 9 months ago
The removal of the UAE from the FATF grey list opens up investment opportunities for UAE investors in India. It strengthens FDI inflows, reduces KYC requirements for FPIs, clarifies investment acceptance for domestic AIFs, and benefits start-ups in accessing venture debt from UAE lenders.
Economic Times

Holding 21,920 level can take Nifty higher: Analysts - 9 months ago
Bajaj Finserv, Indus Towers, Inox India, Indian Hotels, ITC, Lupin, UltraTech Cement and HUL are some of the stocks that have formed bullish patterns on technical charts.
Economic Times

Maruti Suzuki to soon face K-drama on D-Street - 9 months ago
Hyundai, according to an ET report earlier this month, is in discussions with bankers for an initial public offering (IPO) here but the timing and size of the share sale is yet to be ascertained.
Economic Times

Exicom IPO could offer a good long-term play on EV growth - 9 months ago
Exicom has a market share of 60% in residential EV charging and 25% in public charging space. The IPO will make it one of the few listed companies in the growing EV ecosystem.
Economic Times

Stocks in news: HDFC Bank, RIL, ZEE, Mahindra Holidays, Ashok Leyland - 9 months ago
HDFC Bank received approval from the Reserve Bank to sell its 90% stake in the education loan company HDFC Credila- a move that will boost private lender’s income in the fourth quarter.
Economic Times

Fed-favoured inflation gauge seen rising most in a year - 9 months ago
And when annualizing the data on a three- or six-month basis, both would rebound above 2% after dipping below the Fed's target in December.
Economic Times

Stock Radar: SBI Life breaks out from consolidation range since Dec 2023 to hit a record high; should you buy? - 9 months ago
SBI Life Insurance hit a record high in Feb 2024 after consolidating. Traders can buy on dips for a target of Rs 17,00. The stock also recorded a breakout above the Symmetrical Triangle pattern on the daily charts which suggests that bulls are here to stay. Symmetrical triangles emerge when neither the bulls nor the bears dominate a market -- lacking a clear direction.
Economic Times

Technical Breakout Stocks: How to trade RIL, M&M and ICICI Bank on Monday? - 9 months ago
Indian market closed marginally in the red. S&P BSE Sensex held on to 73000, Nifty50 closed below 22,200. Reliance Industries was up 1%, ICICI Bank hit a record high, and M&M closed at a fresh record high. Buying seen in telecom, capital goods, realty, consumer durables, and industrials. Some selling seen in oil & gas, public sector, and energy stocks.
Economic Times

For moderate risk takers with long-term perspective: 5 midcap stocks with up to 47% upside potential - 9 months ago
As the Dalal street continues to be in party mode with minor correction and sectoral profit booking taking place, staying bullish would appear to be the most logical thing at this point of time. Why fight against a trend? While staying bullish, just add an element of caution. When we use the word caution, we mean stay with quality and especially if one is increasing exposure in midcap at this point of time. Use more stringent filters to pick stocks and cut the element of noise from investing. Quality stocks pay both in bullish and bearish markets conditions.
Economic Times

Getting ready for another round of re-rating ? 6 defence stocks with “buy” recos with upside potential of up to 34% - 9 months ago
As other sectors dominated by PSU companies come into limelight, defence stocks which ignited the re-rating of PSU stocks have moved into consolidation mode for some time. The question is whether the business is in consolidation mode or not, the answer is tilting toward no. It appears the underlying developments in the sector continue to be going at the same pace or rather even more. Allowing 100 % FDI in space related industries, is probably an indication that focus on defence and related sectors continues. As things are shaping up, it appears the exports would also become a focus area.
Economic Times

Market Trading Guide: IRCTC, Indiabulls Housing Finance among 4 stock recommendations for Monday - 9 months ago
Indian shares logged their second straight week of gains, with the benchmark Nifty 50 index hitting record highs in all five sessions, buoyed by a rise in heavyweight financials. On Friday, the S&P BSE Sensex closed 0.02% lower at 73,142, while the NSE Nifty50 index ended above the 22,200 level."The near-term uptrend of Nifty remains intact. Having faced hurdle at 22250-22300 levels, there is a possibility of minor dip in the market next week and that could be a buy on dips opportunity. Immediate support is at 22040 levels," said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities.Here are 4 stock recommendations for Monday:
Economic Times

Startups can make India m-cap grow to $50 trillion in 20 years: NSE CEO - 9 months ago
​India's market capitalisation can grow from $4.8 trillion now to $50 trillion in the next 20 years, National Stock Exchange (NSE) CEO Ashish Chauhan has predicted.
Economic Times

JSW Energy, Godrej Properties among top 4 trading ideas which could give 11-21% in 3-4 weeks: Rajesh Palviya - 9 months ago
Nifty closed at 22213 on 23rd February after a volatile week. Indecisiveness among participants indicated by the candle with shadows. Weekly strength indicator RSI above reference lines signals positive bias. Buy recommendations: Indus Towers, JSW Energy, Godrej Properties, Indiabulls Housing Finance. Technical analysis: Symmetrical triangular pattern, Fibonacci Retracement level, 20, 50, 100, and 200 days SMA, Bollinger Band.
Economic Times

Corporate actions this week: NMDC, Jupiter Wagons to go ex-dividend, South Indian Bank right issue and more - 9 months ago
​There are a host of corporate actions scheduled for this week. Natco Pharma, Suprajit Engineering, NMDC, and Jupiter Wagons will trade ex-dividend, while The South Indian Bank's rights issue's ex-date is fixed this week.
Economic Times

Mcap of 8 of top-10 valued firms soars to Rs 1.10 lakh crore; RIL biggest gainer - 9 months ago
​Market valuation of eight of the 10 most valued firms jumped Rs 1,10,106.83 crore last week, with Reliance Industries Ltd (RIL) emerging as the biggest gainer.
Economic Times

Demat account nomination: Because it is all about valuing what you have created and earned - 9 months ago
​The recent consultation paper by Securities & Exchange Board of India (SEBI) points out that 70% of the demat accounts with a single holder have opted out of appointing a nominee.
Economic Times

Q3 Results: How did 5 key sectors perform during the quarter? - 9 months ago
Insights from management commentaries provide indicators of the Indian economy's health in Oct-Dec quarter. IT sector revenue growth remains muted. Pharma sector sees promising PAT growth. Banking sector experiences robust credit growth. Auto sector witnesses deceleration in volume growth. FMCG sector faces slow sales growth.
Economic Times

Q3 Results: How did 5 key sectors performed during the quarter? - 9 months ago
Insights from management commentaries provide indicators of the Indian economy's health in Oct-Dec quarter. IT sector revenue growth remains muted. Pharma sector sees promising PAT growth. Banking sector experiences robust credit growth. Auto sector witnesses deceleration in volume growth. FMCG sector faces slow sales growth.
Economic Times

Bank of India, Sapphire Foods see biggest drop in promoter holdings in Q3. Check out other top names - 9 months ago
Changes in a company’s promoter holdings offer crucial insights for investors. Promoters decreasing their shareholding is sometimes considered negative for the stock as it shows that the promoters themselves don’t believe in the future of the company. However, sometimes promoters might sell their shares for other expenses. Here are 7 stocks that witnessed the highest decrease in promoter stakes in the December quarter (Source: Ace Equity)
Economic Times

Warren Buffett tells investors to ignore Wall Street pundits while paying tribute to Charlie Munger - 9 months ago
Warren Buffett warns against Wall Street pundits, credits Charlie Munger for Berkshire Hathaway's success. Insurance thrived but utilities and BNSF railroad disappointed. Buffett plans to keep stakes in Occidental Petroleum and Japanese trading houses. Berkshire reports strong operating earnings and sets stock records. Berkshire's eclectic mix of businesses, combined with the strong performance of its investments, delivered a profit of $37.57 billion, or $26,043 per Class A share, in the fourth quarter.
Economic Times