Fitch has affirmed the 'BBB-' ratings on the $400-million senior secured notes issued by Adani Energy Solutions, formerly Adani Transmission. Fitch projects an average debt-service coverage ratio (DSCR) of 1.48x, with a profile DSCR of 1.30x between the financial years ending FY27 and FY33 under its rating case.

Boasting a diverse product portfolio, an established distribution network, and consistent financial performance, Vibhor Steel Tubes possesses a solid foundation for growth, maintained analysts

Blue-chip stocks Power Grid, HDFC Bank, Axis Bank, NTPC, and Kotak Bank were the top Sensex gainers, rising 2-4%. On the other hand, TCS, JSW Steel, HCL Tech, Bajaj Finserv, and Maruti Suzuki closed with cuts. Smallcap stock Zaggle Prepaid Ocean Services closed 14% higher after the company announced that it had entered into an agreement with EasyMyTrip Planners Limited for three years.

In past 3 years, a host of sectors have been making a comeback. There are two kinds of comebacks, first is in terms of macro structure of the business witnessing an improvement and hence the bottomline showing an improvement and second is in the stock price performance. Both are very different and that's the most important needed to be taken into account. In last 8-9 years, there has been a policy-level effort to revive sectors like textiles for two reasons. First, it is a labor-intensive sector and impacts a large number of people. Second, there was an opportunity to cut imports and push exports. All the policy efforts were having a moderate impact but then came Covid and China plus one came into the picture, changing the whole picture externally. Internally, help came in the form of the PLI scheme which helped some companies reduce cost of capital and resources for expanding. 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.

Many times, the street tends to make a bucket of stocks and a narrative gets created that that these stocks have similar characteristics and hence they tend to move in a similar direction. While this might be correct for some time, but over a period of time, especially when there are headwinds, some companies either diversify into new areas or for any other reason, while the mother set of characteristics remain the same, they become different from each other. Let's take the case of mega cap or the top five IT companies, while the narrative is that they are all the same, the fact is the stock of HCL tech is much higher than what it has formed in the last quarter of 2021 which was the time when all other mega cap IT stocks touched a new high. Essentially, even the companies which look very similar could be very different, in business and their stock performance could also be very different.

Kotak stated that he is cautious about building India with 1 or 2 companies in each sector while discussing capacity building. He prefers having 4-6 large players in banking and other sectors. In his opinion, broad-based capacity creation will be important to create a $30 trillion economy.

The monster rally in SMID indices has led to their outperformance in relation to the most watched benchmark indices - the Nifty and the BSE Sensex. The consequences are manifest in valuations that are considered stretched, if one is charitable, and downright unrealistic, if one is even remotely practical.

Larsen & Toubro’s daily trend is bearish to sideways. The RSI for weekly and daily are showing sideways momentum, however, the RSI for monthly is showing bullish momentum. Based on option chain analysis, the range is between 3300 and 3500. Let’s plan a trade around this.

Deepak Fertilisers and Petrochemicals Corporation shares surged 10% to Rs 546 in Tuesday's intraday trade on BSE after the company entered into a long-term supply agreement for Liquefied Natural Gas (LNG) with Norway-based Equinor.

Analysts say the rejigs in top management largely just increase the coverage of responsibilities of existing senior management personnel.

Nifty opened strong but started losing energy and pared gains. But it put up a fight again and closed with gains.

As per reports, on Tuesday, 13% of Tourism Finance's equity changed hands in a block deal. The buyers and sellers in the deal are not known.

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

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

Short-term traders with a high-risk profile, can look to buy the stock now or on dips for a possible target above the crucial resistance level of 200 in the next 1-2 months, suggest experts.

If we look at the last five years, only once has this happened in 2022, where midcap stocks (1.38% returns) outshined the smallcap peers (-1.38%). Taking a slightly wider view, the midcap index has outperformed the smaller index (in terms of market cap) in six out of the last 10 years (including 2024).

The risk-to-reward ratio is unfavourable at current levels. Earnings downgrades will continue due to a lack of new launches.

Paytm shares surge 5% as investors believe the worst of the regulatory crisis is over for Vijay Shekhar Sharma. Positive news from RBI, ED, and a deal with Axis Bank have sparked interest. Jefferies moves Paytm to 'Non-Rated' stocks, while Morgan Stanley maintains an equal-weight rating.

Shares of Zee Entertainment rally as talks for a merger with Sony Group are re-initiated after the cancelled $10 billion deal. Representatives from both sides have held meetings in Mumbai to salvage the deal. Several analysts had downgraded the stock and revised target prices earlier after the Sony-Zee merger fell through.

The first leg of MFs chasing PSU stocks, which was in sync with global revival in value trade, began in 2021-2022 but was restricted to few largecap PSU stocks only.

Vibhor Steel shares listed with a premium of 182% on the exchanges, debuting at Rs 421 on BSE and Rs 425 on NSE. The solid listing is attributed to a diverse product portfolio, strong financial performance, manufacturing specialties, a long term business arrangement with Jindal Pipes, and revenue growth for working capital funding.

Apollo Hospitals is implementing efforts across segments – adding 2,000 beds over the next three years, improving payor mix to drive better ARPOB, and building tailwinds for GMV (gross merchandise value) growth as well as improving operational efficiency.

Apollo Hospitals delivered better-than-expected earnings for the quarter ended December, with sales, operating profit, and net profit witnessing a double-digit growth. Faster turnaround of Apollo 24/7 business, initiatives to boost occupancy rates, and tariff hikes in the institutional patient category may drive 15% sales CAGR over FY24-26, says Sneha Poddar of Motilal Oswal Financial.

Before April 2023, debt mutual funds and market-linked debentures were the go-to options for investors, offering tax efficiency and solid post-tax returns ranging from 7% to 8%.

Among the Sensex stocks, M&M, Bajaj Finserv, Maruti, ICICI Bank, and SBI opened in the red, while Power Grid, Kotak Bank, Asian Paints, JSW Steel, and HDFC Bank opened in the green.

Earnings misses, the attractiveness of rival markets amid expectations of a dovish policy shift by the Federal Reserve and a nascent recovery in Chinese equities are casting doubts over India extending a rally that saw the nation’s main gauges posting a record eighth straight year of gains in 2023.

China's five-year loan prime rate was lowered by 25 basis points to 3.90%, bigger than the five to 15 bp cuts forecast by economists. The Shanghai Composite, however, fell 0.7% in early trade and blue chips fell 0.6%.

"A space that is already dominated by a relatively small number of megaplayers is about to get a little smaller," said Matt Schulz, chief credit analyst at LendingTree.

Stocks that were in focus included names like Novartis India, which rose 15.44%, Global Health, which fell 2.9%, and YES Bank, whose shares declined 4.58% on Monday.

“2023 was the year of block trades, 2024 is going to be the year of IPOs — and that momentum will most likely carry into 2025,” Debasish Purohit said in an interview with Bloomberg News in Mumbai. “2024 and 2025 as a block will be the busiest years of IPOs in our lifetime.”

"Maruti Suzuki stock has given a fresh break above the falling trend line of the downward-sloping channel in the recent past. Traders can buy for a target of Rs 12200-12250 levels with a stop loss below 10300 levels," Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.

Zee Entertainment Enterprises has re-engaged with Sony Group Corp in a last-ditch attempt to revive their $10-billion merger. Major differences and disagreements over terms and conditions persist, and the outcome remains uncertain.

If the signatories are residents, the tax office, some feel, may question the tax status of the funds offered under the treaties that India has signed with key jurisdictions like Mauritius and Singapore.

The BFSI sector has recognised the potential of Generative AI with most of them using it for at least one use case or planning a pilot within the year.

Goldman's 5,200 price target for the S&P 500 in 2024 is now among the highest on Wall Street, joining the ranks of bulls including Tom Lee of Fundstrat Global Advisors and Oppenheimer Asset Management chief strategist John Stoltzfus, who both hold a similar year-end outlook.

Belgium-based Verlinvest – which has investments in India’s Wakefit, Epigamia, Veeba, Purplle and Byju’s among others, has sold the 70.42 lakh shares via a bulk deal on the NSE at a weighted average price of 576.78 rupees a piece on Monday.

Distressed debt aggregator Acre Asset Reconstruction Company (ARC) plans to sell Nagarjuna Fertilizers and Chemicals, seeking ₹1,600 crore from bidders. The sale includes the Kakinada urea plant and other assets. However, the company faces issues with gas supply, litigation, reimbursements, and land usage norms.

Whirlpool of India's foreign promoter, Whirlpool Corporation, is looking to sell up to 24% stake in the company through block deals in a transaction worth around $450 million, according to news reports.

Shares of some of India's best companies - HDFC Bank, Infosys, Asian Paints, Bajaj Finance, HDFC Life and Hindalco - among a dozen stocks on the 50-stock Nifty have declined in the last two years as the NSE's benchmark index returned over 28% during this period.

The NSE Nifty rose 81.5 points, or 0.37%, to close at 22,122, off its fresh all-time high of 22,186. The Sensex rose 281.5 points, or 0.39%, to end at 72,708. ICICI Bank, the country's second-biggest lender by market value, was among the top five gainers.

The Maruti Suzuki stock which is also part of the S&P BSE Sensex index hit a fresh record high of Rs 11,537 on February 19, 2024. The momentum helped the stock to break out from a Symmetrical Triangle pattern on the daily charts which has opened room for further upside.

Verlinvest Asia sold its entire 8.34% stake, constituting 70,42,275 shares at Rs 576.78 apiece, according to bulk deals data on the National Stock Exchange. Through the sale of its entire stake, the foreign investor accrued over Rs 400 crore.

Belgium-based Verlinvest – which has investments in India’s Wakefit, Epigamia, Veeba, Purplle and Byju’s among others, has sold the 70.42 lakh shares via a bulk deal on the NSE at a weighted average price of 576.78 rupees a piece on Monday.

Indian shares extended gains for the fifth straight session on Monday, with the blue-chip Nifty 50 index hitting a record high, led by financials and energy stocks. The S&P BSE Sensex closed 0.39% higher at 73,427, while the NSE Nifty50 index ended above the 22,100 level."The near-term trend of Nifty remains positive. But the market is displaying lack of strength to witness a decisive upside breakout of the resistance around 22150-22200 levels. Further consolidation or minor dip can't be ruled out in the coming sessions. Immediate support is at 21950 levels," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.Here are 6 stock recommendations for Tuesday:

Long unwinding refers to the selling of positions or stocks owned for a longer period either to book profit or to exit it in anticipation of impending bearishness. In Monday's trading session, five stocks witnessed a top-long unwinding. Here's the list:

The floor price for the sale has been set at Rs 1,230 a share, which is at a discount of nearly 8% to the current market price of the stock. On Monday, Whirlpool shares closed nearly flat on the BSE at Rs 1,332.

Sectorally, buying was seen in consumer durables, telecom, power, and FMCG stocks while metal, capital goods, and realty stocks saw some selling pressure.

The near-term trend of Nifty remains positive, but the market is displaying a lack of strength to witness a decisive upside breakout of the resistance around 22,150-22,200 levels, says Nagaraj Shetti of HDFC Securities.

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Among the Sensex stocks, Bajaj Finserv, Bharti Airtel, ICICI Bank, Bajaj Finance, Sun Pharma, and Maruti closed higher, while L&T, Wipro, TCS, Tata Motors, and Axis Bank ended with cuts. The market capitalisation of all listed companies on BSE surged by Rs 2.17 lakh crore to Rs 391.7 lakh crore.