Indian stock market decoupling has begun. 3 reasons why it will last - 10 months ago
India’s economic and earnings growth strength, coupled with a possible recession in the US are the two key reasons behind India’s outperformance and we are hopeful that this outperformance should continue due to 3 reasons.
Economic Times

Paytm to generate free cash flow by year end: CEO Vijay Shekhar - 10 months ago
"We are on our committed guidelines of becoming free cash flow positive by the year-end," Sharma said. Paytm has reported a narrowing of loss to Rs 358.4 crore in the first quarter ended June 30, 2023. The company had posted a loss of Rs 645.4 crore in the same period a year ago.
Economic Times

Multibagger Tracker: This largecap stock turns Rs 10,000 to Rs 3 lakh in just 10 years - 10 months ago
TVS Motor, a largecap company with a market capitalization of over Rs 60,000 crore, is a reputed two and three-wheeler manufacturer globally. The company operates across 80 countries. It has an EPS of 31.38 on a trailing twelve-month (TTM) basis and the stock is currently trading at a PB of 10.55.
Economic Times

Unlock your trading success by using a simple formula - 10 months ago
Success rate refers to the percentage of profitable trades a trader has out of the total number of trades taken over a specific period of time. For instance, in cricket, the batsman’s aim is to score runs on each and every ball he faces. If he scores 75 runs in 100 balls, we say he has a strike rate of 75%. Similarly, in the stock market, the trader’s aim is to make as many profitable trades as possible.
Economic Times

​RIL, Infosys among 10 stocks that saw high volumes but fell up to 14% this week​ - 10 months ago
The volume and delivery scan provides the list of stocks that witnessed an increase in traded as well as delivered quantity. This is integral when it comes to undertaking technical analysis of stocks. The more active the stock, the more shall be its volume.Here, we have collated a list of stocks that saw high delivered and traded quantity this week but fell over between 5-14% during the given timeframe. (StockEdge)
Economic Times

Ban on non-basmati rice: Will it matter to the bottomline of 3 rice exporters? - 10 months ago
Recent climatic conditions in parts of Pakistan and China have led to sudden rise in the price of rice globally. In order to ensure that domestic prices stay under control, a ban on non-basmati white rice was imposed this week. Will this bring an opportunity for rice exporting companies which export basmati rice ? However the agro sector is not very well covered by analysts, not many stocks have a recommendation, probably because they are largely small and mid-cap in nature.
Economic Times

​LIC, SBI among 6 PSU largecap stocks that closed above last week's high​ - 10 months ago
In the week gone by, amid relentless FII buying and positive global cues, Nifty50 inched very close to 20,000 levels. Nonetheless, on Friday, weighed down by weak earnings by Infosys primarily, indices saw a sharp selloff and ended lower. Despite the profit booking towards the end of the week, Nifty notched gains to the tune of 0.92% during the week. During this time period, some of the BSE PSU stocks also closed above last week's high. Here ETMarkets has listed down largecap BSE PSU stocks that closed above last week's high. (Source: StockEdge)
Economic Times

For risk takers: 4 midcap stocks from different sectors with high ROE & ROCE - 10 months ago
When valuations are high but sentiments are bullish, it would be better to add the word “ caution” to your portfolio. Now how does one do it ? By putting some quantitative parameters when making a decision to buy a stock. Refinitiv’s Stock Report Plus which lists stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
Economic Times

Markets@record high! But, do you know when to sell? - 10 months ago
Selling can seem very black and white but it is actually a lot more grey than we care to admit. Selling can feel like a breakup in a relationship and we know how painful it can be. One of the hardest things in investing is knowing when the right time is to sell.
Economic Times

Rs 10,900 cr-worth bulk & block deals take place this week; Amara Raja tops charts - 10 months ago
The other companies that saw block deals include Bharti Airtel, Hindustan Unilever, Tata Consultancy Services, Bandhan Bank, IndusInd Bank, Voltas, Rallis India, Sun Pharmaceuticals, and Fortis Healthcare with executed deals worth between Rs 393 crore and Rs 188 crore in the descending order size.
Economic Times

Weekly Top Picks: 4 stocks with score improvement and upside potential of up to 42% - 10 months ago
As more stocks from different sectors see an improvement in their analyst scores, it is important to be selective before being bullish when looking at stocks. The 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

HUL tanks 3.6% after Q1 nos, ITC almost equal in m-cap - 10 months ago
HUL shares have underperformed the market in the past year with the stock remaining flat as against the 27% gains in the Nifty FMCG index and the 18% upmove in the benchmark Nifty. ITC shares surged 64% in this period.
Economic Times

Mind Over Money: My yoga practice includes pranayama, which helps in maintaining both physical & mental health, says Ketaki Sharma - 10 months ago
“Staying healthy is essential to delivering optimally in all aspects of life - work and otherwise. Yoga and walking help me to remain active and fit. I do 10K steps thrice a week and practice yoga twice a week,” Ketaki Sharma, Founder & CEO, Algorithm Research, said.
Economic Times

9% India index slump caused by incorrect security price, says MSCI - 10 months ago
“Due to a technical issue, the opening price of a security in the MSCI India Index was incorrect,” Melanie Blanco, head of external communications, Americas, wrote in an emailed response to questions from Bloomberg News. “The price has since been corrected.”
Economic Times

Sebi planning unique identity code for FPIs - 10 months ago
The Securities and Exchange Board of India (Sebi) wants to make it mandatory for foreign portfolio investors (FPIs) to provide their legal entity identifier (LEI) code, further boosting the KYC framework for overseas investors buying into Indian financial assets.
Economic Times

Utkarsh SFB lists at 60% premium - 10 months ago
The stock closed at ₹48 on the NSE on Friday, which was 92% above the price at which the lender sold shares in the IPO. The company's market capitalization stood at ₹5,260.34 crore on the listing day.
Economic Times

Wall Street Week Ahead: Relentless US stock rally faces Fed test - 10 months ago
While investors broadly anticipate the central bank will raise rates by 25 basis points at its July 26 meeting, many also hope for signs that policymakers are more confident inflation will continue cooling, eliminating the need for the Fed to lift borrowing costs much further and supporting the thesis that has helped buoy stocks in recent weeks.
Economic Times

Infosys tanks 7.7% on downgrades; leads sell-off in the IT world - 10 months ago
Infosys saw a share plunge of 7.7% after the company cut its FY24 revenue guidance from 4-7% to 1-3.5%, resulting in an industry-wide sell-off that saw the NSE IT index fall 4.1%. Jefferies, Nomura, Bank of America Securities, Motilal Oswal Financial Services, Nuvama Institutional Equities and HSBC cut earnings estimates as a result.
Economic Times

68 smallcap stocks offer double-digit weekly returns in broad-based rally - 10 months ago
During the week, as many as 68 smallcap stocks delivered double-digit weekly returns with four of them offering over 25% returns. DCM Shriram Industries was the top gainer in the smallcap pack with nearly 32% return, followed by Sterling and Wilson (26.6%), Arihant Capital (26.55%), and DB Corp (25.03%).
Economic Times

Mukul Agrawal picks up 1.04% stake in Suzlon Energy - 10 months ago
The stock has been in great momentum this week gaining more than 11% over the five trading sessions, significantly outperforming the S&P BSE Sensex which has given 0.94% returns during this time.
Economic Times

Disappointing Q1 by Infosys, HUL halts 6-day bull run at D-St; indices shed 1% - 10 months ago
Indian stock markets saw a decline after blue chips Infosys and Hindustan Unilever reported disappointing earnings, ending a record six-day run. The NSE Nifty fell 1.17% to 19,745 and the BSE Sensex declined 1.31% to 66,684.26. Shares in IT firms such as Infosys plummeted after the company cut its revenue growth outlook; the Nifty IT index saw its biggest single-day decline since 17 April, falling 4.1%. Despite foreign portfolio investors pumping around INR85,000 crore ($11.5bn) into Indian equities since March, FPIs were net sellers of INR1,998.77 crore on Friday.
Economic Times

Wall Street heavyweights mixed ahead of Nasdaq 100 rebalance - 10 months ago
Nasdaq describes the Nasdaq 100 as a "modified market capitalization-weighted index," with company weights depending on their stock market value, while also applying rules to limit the influence of the largest stocks in the index.
Economic Times

US stocks end mixed; Dow up for tenth straight day - 10 months ago
Analysts attributed Friday's volatile trading to the expiration of monthly options and the expected special rebalancing of the multi-trillion dollar Nasdaq 100 following the close of trading.
Economic Times

Dow braves volatility on path to tenth straight day of gains - 10 months ago
Analysts attribute the market choppiness to the expiration of monthly options on Friday and the expected special rebalancing of the multi-trillion dollar Nasdaq 100, which is due at the close of trading.
Economic Times

FILA's board approves IPO for its Indian Unit DOMS - 10 months ago
Fabbrica Italiana Lapis ed Affini (Fila), the Italian pencil manufacturer, has announced plans for an IPO for its Indian subsidiary, DOMS, with the IPO due to take place later in 2019. Fila plans to offer €90m in share capital to investors, while still remaining the largest shareholder in the company.
Economic Times

Board of pencil maker DOMS approves IPO - 10 months ago
Italian pencil maker Fabbrica Italiana Lapis ed Affini SpA (Fila), which holds a 51% stake in Indian stationary maker DOMS, has approved an initial public offering (IPO) of the latter. Fila has committed to selling €90m ($99m) worth of shares in DOMS while staying on as the largest shareholder after the IPO. The listing is scheduled to close by the end of 2019.
Economic Times

Mukul Agrawal picks up 1.04% stake in Suzlon Energy. Stock jumps 5%, hits 52 week high - 10 months ago
The stock has been in great momentum this week gaining more than 11% over the five trading sessions, significantly outperforming the S&P BSE Sensex which has given 0.94% returns during this time.
Economic Times

RIL Q1 PAT disappoints Dalal Street. 7 major takeaways from the earnings fineprint - 10 months ago
The company has not shared the date for the annual general meeting. “We shall inform you in due course the date on which the company will hold its Annual General Meeting for the year ended March 31, 2023,” RIL statement reads
Economic Times

Power finance NCDs a good bet for conservative fixed income investors - 10 months ago
Power Finance Corporation (PFC) has launched the Tranche I Issue of non-convertible debentures (NCDs) with a base issue size of INR 500 Cr ($66m) and a green shoe option of up to INR 4,500 Cr, totaling INR 5,000 Cr. The debentures are rated AAA by ICRA, CRISIL, and CARE and have tenures of 3, 10, and 15 years
Economic Times

Nithin Kamath on RIL demerger: Companies should announce acquisition cost in advance - 10 months ago
"Companies normally take time, even after ex-date, to announce COA (cost of acquisition). Without this, trading apps can't adjust the buy average price for holdings downward to account for the demerger. This increases the risk of a retail investor panicking and exiting after seeing an artificial loss," Kamath said.​
Economic Times

RIL declares a dividend of Rs 9 per share for FY23 - 10 months ago
Reliance Industries (RIL) has announced a dividend of INR 9 ($0.12) per share for the fiscal year ended March 31, 2023, subject to company approval, marking the first dividend for nearly a year. The conglomerate also reported Q1 net profit of INR 160.11bn ($2.14bn), down 11% YoY, and revenue of INR 211,000 crore, down 5% YoY.
Economic Times

NSE cautions investors against assured returns scheme offered by two individuals - 10 months ago
The National Stock Exchange of India (NSE) has warned investors against a scheme promising assured returns offered by Ujjwal Priyadarshi and Neha, who were not registered with any authorised member of the bourse. The individuals were offering tips on securities
Economic Times

Q1 Review: How IT behemoths TCS, HCL, Wipro & Infy fared on key metrics - 10 months ago
Four IT majors — Tata Consultancy Services (TCS), HCL Technologies, Wipro and Infosys — have announced their Q1 earnings so far. Here are the key metrics for comparison.
Economic Times

US stocks rise as megacaps rebound, Dow set for 10th day of gains - 10 months ago
The Dow Jones Industrial Average rose 49.14 points, or 0.14%, at the open to 35,274.32.
Economic Times

Rekha Jhunjhunwala sells 6.25% holding in Rallis India - 10 months ago
Rekha Jhunjhunwala, the wife of deceased investor Rakesh Jhunjhunwala, has sold a further 6.2586% holding in Rallis India this week, taking her shares in the firm to 2.278% of all outstanding shares. Between July 2013 and July 20th of the current year, Jhunjunwala has sold over 37 million shares
Economic Times

Possibility is English, probability is Math! Trends, numbers for traders and investors of ICICI Bank - 10 months ago
History doesn't repeat, but it does rhyme. For all the traders and investors who are planning to take a trade around the quarterly results. There are some numbers and trends which are extremely important, otherwise they would feel the same way as the traders with long positions in Infy would be feeling today.
Economic Times

Sebi cancels registration of Progressive Comtrade in NSEL case - 10 months ago
The Securities and Exchange Board of India (SEBI) has cancelled the registration of Progressive Comtrade and Leo Global Commodities for facilitating their clients to trade in illegal 'paired contracts' on the National Spot Exchange Ltd, which is now defunct.
Economic Times

Tech View: Nifty support shifts to 19,700. What traders should do next week - 10 months ago
Now, it has to hold above 19700 zones to extend the move towards 19900 then 20000 zones, while on the downside, support is placed at 19650 and 19550 zones, said Chandan Taparia of Motilal Oswal.
Economic Times

Possibility is english, probability is math! Trends, numbers for traders and investors of ICICI Bank - 10 months ago
History doesn't repeat, but it does rhyme. For all the traders and investors who are planning to take a trade around the quarterly results. There are some numbers and trends which are extremely important, otherwise they would feel the same way as the traders with long positions in Infy would be feeling today.
Economic Times

Nifty@20K dreams shattered: 5 Factors behind today's market crash - 10 months ago
Everything was set, investors were in high spirits ... Everybody was waiting for the Nifty to touch the 20,000 mark, but everything came to a halt today. The stock market crashed after hitting new highs almost everyday this week. So what exactly happened? Let's take a look at 5 factors that led to this crash. Here are key factors troubling investors today.
Economic Times

JSW Steel, ICICI Bank among 8 large cap stocks which hit new 52-week high on BSE - 10 months ago
Several prominent companies, including ICICI Bank, L&T, Sun Pharma, ITC, JSW Steel, ICICI Lombard General Insurance, and United Spirits, reached new 52-week highs in the BSE large cap stocks on July 21. The data was sourced from BSE at 2 pm, and the updates from the real-time data could come with a lag. The mentioned companies showcased their strong market positions and resilience, with ICICI Bank reaching a new 52-week high of Rs. 1,001.20 and L&T touching a new 52-week high of Rs. 2,592.55.
Economic Times

Foreign holdings in Reliance rises from six-year low on spinoff - 10 months ago
Foreign ownership in billionaire Mukesh Ambani’s company rose to 22.55% in the three-months ended June after dipping to the lowest level since 2017 earlier this year, according to the latest shareholding filed by the firm on Thursday. A recent special session that saw Jio Financial Services Ltd. valued at about $20 billion also helped sentiment in Reliance, which has risen more than 26% from a low in March.
Economic Times

Sensex snaps 6-day record run, plunges 888 points; Nifty below 19,750 - 10 months ago
Closing Bell: Sensex snaps 6-day record run, plunges 888 points; Nifty below 19,750; HUL falls 4%, RIL 2%
Economic Times

ITC, IndusInd, TCS among 10 Nifty50 stocks with Golden Crossover pattern - 10 months ago
Trendlyne has reported that 45 Nifty50 stocks have recently experienced the Golden Crossover, a bullish technical pattern that occurs when a stock's short-term moving average crosses above its long-term moving average.
Economic Times

Ashok Leyland, Samvardhana Motherson among 8 BSE midcap stocks which hit new 52-week high - 10 months ago
After its Q1 results, Ashok Leyland achieved a new 52-week high at Rs. 183.25 on July 21, 2023. As a major player in the automotive industry, Ashok Leyland is renowned for manufacturing commercial vehicles.
Economic Times

Aarti Drugs, Tejas Networks among 10 stocks with bearish RSI trends - 10 months ago
The Relative Strength Index (RSI) is an essential technical indicator measuring price movement speed and change. It shows that an RSI above 70 means a stock is trading higher than its underlying value, indicating an overbought condition, while an RSI below 30 suggests an oversold condition.
Economic Times

Aurobindo Pharma among 8 BSE Pharma Index stocks which surge to new 52-week highs on Friday - 10 months ago
Glenmark Life Sciences achieved a new 52-week high at Rs. 658 on July 21, 2023. As a subsidiary of Glenmark Pharma, Glenmark Life Sciences is a leading developer and manufacturer of active pharmaceutical ingredients (APIs) and intermediates.
Economic Times

Utkarsh Small Finance Bank shares gain over 90% on Day 1. Should you sell? - 10 months ago
The robust response from investors is mainly due to comfortable pricing and strong management focus towards microfinance business in the north eastern belt of India.
Economic Times

Possibility is english, probability is math for investors and traders of ICICI Bank - 10 months ago
History doesn't repeat, but it does rhyme. For all the traders and investors who are planning to take a trade around the quarterly results. There are some numbers and trends which are extremely important, otherwise they would feel the same way as the traders with long positions in Infy would be feeling today.
Economic Times