Short-term traders can look to buy the stock now for a possible target of above Rs 2,200 in the next 4-6 weeks, suggest experts.

TVS Motor Company reported a 59% increase in its consolidated net profit to Rs 479 crore for the third quarter ended December 31, 2023, riding on the back of robust sales across markets. The company posted a consolidated net profit of Rs 301 crore in the October-December period of the last fiscal.

KPI Green Energy delivered multibagger returns to its investors as the stock has rallied over 150% in the past six months, while nearly 400% in the last one year. It has also gained nearly 7300% in the last three years.

Kotak said it finds most sectors and stocks quite overvalued in the context of historical valuations coupled with the Street’s high assumptions for profitability in the short term, which may not sustain.

An analysis of multibagger stocks with a market capitalization of at least Rs 500 crore but less than Rs 10,000 crore reveals 128 names like Rajoo Engineers (up 721%), Piccadily Agro (661%), Cupid (623%), KP Energy (578%), Shilchar Technologies (556%) and Magellanic Cloud (455%) that are above average valuations, shows data from ACE Equity.

Oil prices have been in the $75-85 range since November despite the geopolitical developments in Gaza and the Red Sea disturbances.

Nifty started the day slow and did not pick up pace until the last hours of trading. It then surged to close with a gain.

The company announced its October-December quarter earnings on February 13, Tuesday after market hours and the stock has gained more than 30% since then. Today's gains mark a streak of four successive wins.

It has been observed that the liquidity controlled by monetary policy affects the returns in bond and equity markets.

The shares of Alpex Solar delivered 215% returns to its investors so far. The stock was listed on the NSE SME platform on Thursday with a premium of 186%, after which it rallied further to close the day at Rs 345 as against an issue price of Rs 115.

For the typical Indian individual, savings were limited to risk-free avenues, such as bank accounts, FDs, and PPFs.

A debt that has been past due and unpaid for a predetermined period is known as a non-performing asset (NPA). According to Trendlyne Data, Canara Bank, Bandhan Bank, Punjab & Sind Bank, and Suryoday Small Finance Bank are the top banks that witnessed a decrease in NPA in Q3FY24. Here's a list:

Shares of Paytm's parent company, One 97 Communications, hit a record low. Paytm is losing business due to RBI ban on Paytm Payments Bank. Authorities advise users to get new RFID stickers. Retail investors are warned to stay away from the stock.

Macquarie maintained underperform on United Spirits, CLSA downgraded Sun TV. Pernod India saw ~7% sales growth in Q3. United Spirits saw market share losses to Radico. Sun TV's subscriptions-led revenue was a surprise. Morgan Stanley remained overweight on M&M and HDFC Bank. HDFC Bank announced plans for new product launches.

Bank of Baroda’s daily trend is bullish to sideways. The RSI for monthly, weekly and daily are showing bullish momentum. Based on option chain analysis, the range is between 210 and 280. Let’s plan a trade around this.

Entero Healthcare's IPO debuted with a discount on BSE and NSE. Proceeds will be used for debt repayment, working capital, funding subsidiaries, and inorganic growth. The company has 73 warehouses and supply relationships with over 1,900 healthcare product manufacturers. The target addressable market is valued at Rs 2.7 lakh crore.

Polysil Irrigation debuted on the NSE SME platform with a 3.7% premium. The IPO was subscribed 6.88 times, and the company aims to use the net proceeds for working capital and general corporate purposes.

Castrol India has bolstered the presence of its products in 32,000 outlets deep in the rural hinterlands. The company’s primary focus will be on the Ki mobility partnership going forward, and Castrol’s alliance with the Jio-BP retail network provides a long-term volume growth opportunity and scope for market share gain, says Narendra Solanki of Anand Rathi Shares and Stock Brokers.

​In the Indian market, Castrol persists in delivering essential electric vehicle (EV) fluids to original equipment manufacturers partners, demonstrating their dedication to the country's electrification drive.

From the Sensex pack, Infosys, Wipro, Tata Motors, UltraTech Cement, and M&M opened with gains, while Power Grid, Sun Pharma, ITC, Axis Bank, and Reliance Industries opened with cuts.

Companies in the BSE PSU Index beat analysts’ expectations by a mere 1% in the three months ended December, the slowest pace in six quarters, according to data compiled by Bloomberg. That’s not enough to justify a rally that sent the gauge to a fresh record on Thursday, and has more more than doubled the measure’s market value to $750 billion in the past year.

Stocks that were in focus included names like M&M, which rose 6.81%, Vedanta, which declined 4.17%, and NTPC, whose shares jumped 3.92% on Thursday.

Japan's benchmark Nikkei got off to a roaring start on Friday, opening the morning session at its highest since Japan's economic bubble burst in the late 1980s.

Nikkei surged 1.4% to 38,678 points, just within a whisker of the all-time high of 38,957 points hit in 1989 that marked the peak of Japan's so called "bubble economy."

Nvidia, up about 50% this year, could see its shares swing by about 11% in either direction following its quarterly results on Feb. 21, according to data from options analytics service ORATS

A Commerce Department report showed U.S. retail sales dropped 0.8% in January, weighed by declines at auto dealerships and gasoline service stations.

“Trent stock has been making higher highs from the last twelve months and buying can be seen along the upward-sloping channel with supports shifting higher. Traders can buy for a target of Rs 4000 in the next 1-2 weeks,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

​​Analysts at Kotak Securities said that although near-term demand for tractors is expected to be muted, the demand for SUVs is likely to remain steady, supported by a robust order backlog.

Bonus shares refer to additional shares that a company distributes to its existing shareholders at no extra cost. These bonus shares enhance liquidity, reduce the per-share value of a stock, and foster greater participation from retail investors, according to market participants.

The company’s operating profit grew by 15% even though the tractor volume dropped by 3.5% for the December quarter. It suggests that the automotive segment has gained enough heft to deliver growth and bring counter-cyclicality to the company’s earnings. A few years ago, the automotive division contributed two-thirds to the revenue, but only one-third to the operating profit. The gap is narrowing gradually.

Rothschild plans to enter the Indian credit market, focusing on leverage finance, special situations, and corporate restructuring. The firm sees an opportune moment in the credit cycle and is encouraged by the demand for sophisticated structured financing solutions. They are attracted by the influx of capital from alternative capital providers, such as infrastructure-focused funds and investment-grade lenders.

The ARC will use the funds to make cash payments to banks against the purchase of non-performing loans. NARCL offers 15% of consideration as cash payment, and balance 85% is paid in the form of security receipts paid on recovery of loans or at the end of five years or whichever is earlier.

"We have been growing at 23%, which is significantly faster than the market growth rate of 13%," said Kishore Kumar Poludasu, MD, SBI General Insurance.

Global private equity major Carlyle Group on Thursday sold 1.4% stake in private sector lender YES Bank for approximately Rs 1,057 crore.

"Macroeconomic models used by central banks so far have mainly focused on the demand side of the economy,'' Governor Shaktikanta Das told the 59th South East Asian Central Banks Governors' Conference held in Mumbai. "Enough emphasis was not given on supply side factors. A better understanding of the supply side of the economy has become very important for conducting monetary policy more effectively."

In a report on Tuesday, Macquarie Capital Securities expects a sharp reduction in Paytm revenues across various segments, anticipating an exodus of customers. It had pegged the overall customers at 330 million. They include 110 million of monthly transacting users and a merchant subscription network of about 10 million.

"We believe regulated utilities are in a good position to expand their incremental market shares given benign competition," said Morgan Stanley's analysts Girish Achhipalia, Amit Bhinde and Pranjal Jain in a client note.

The retail stock rallied from Rs 1,929 on August 14, 2023, to Rs 3,921 on February 14, 2024, which translates into an upside of 103% in just 6 months. It rose over 20% in the last 1 month and more than 50% in the last 3 months. Tracking the momentum, it hit a record high of Rs 3,950 on February 14.

The rally showed Nvidia's growing influence in the AI world as its market value grows at a scorching pace, making it the third most-valuable U.S. company. Its largest investment of $147.3 million was in Arm Holdings, the chip designer that Nvidia failed to buy after the $80 billion deal hit the antitrust hurdle two years ago.

Shares of natural resources major ended more than 4% lower at Rs 267.95 on the NSE. The shares, which had been pledged by its parent entity for funds, were released by its lenders only last week, enabling the sale of these shares.

A Commerce Department report showed U.S. retail sales dropped 0.8% in January, weighed by declines in receipts at auto dealerships and gasoline service stations. Bets for an at least 25-basis-point rate cut in May edged up to 40.6%, while odds for June stood at 82%, according to the CME Group's FedWatch Tool.

Indian shares advanced on Thursday, led by banking, auto, and IT stocks. The S&P BSE Sensex closed 0.32% higher at 72,050, while the NSE Nifty50 index settled above the 21,900 level."Nifty is currently placed at the edge of moving above the minor downtrend line resistance around 21,900-21,950 levels. A decisive break above this hurdle could open the doors for new all-time highs around 22,150 levels. Immediate support is at 21,800," said Nagaraj Shetti, senior technical research analyst at HDFC Securities.Here are 6 stock recommendations for Friday:

The company’s operating profit grew by 15% even though the tractor volume dropped by 3.5% for the December quarter. It suggests that the automotive segment has gained enough heft to deliver growth and bring counter-cyclicality to the company’s earnings. A few years ago, the automotive division contributed two-thirds to the revenue, but only one-third to the operating profit. The gap is narrowing gradually.

A buyback is when a company buys its shares to reduce their count in the open market. Over the years, share buybacks have become a more popular mode for companies to return value to shareholders, compared to dividends. Here are some stocks that showed EPS outperformance post-buyback as compared to their net profit. (Souce: Trendlyne)

CA Basque Investments, the Mauritius-based special purpose vehicle owned by Carlyle Group, sold 39,00,00,000 shares of the lender at Rs 27.10 a share, bulk deals data on the BSE showed. Morgan Stanley Asia Singapore Pte bought 30,63,05,668 shares or 1.1% in the lender through a separate bulk deal for Rs 830 crore.

The Dow Jones Industrial Average fell 26.33 points, or 0.07%, at the open to 38,397.94.

The shares of Alpex Solar nearly tripled investors' wealth on the first day of debut. The stock listed on the NSE SME platform with a premium of 186%, after which it rallied further to close the day at Rs 345 as against an issue price of Rs 115.

The promoter entity sold 6,55,18,600 shares of the mining major at Rs 265.14 a share, bulk deals data showed. On Thursday, shares of Vedanta ended 4% down on the BSE at Rs 268. The sale happened at a discount of more than 5% to the previous close.

Zerodha Fund House is a joint venture between Zerodha and fintech platform smallcase and is India’s only passive-only fund house providing direct plans to do away with transaction charges.

The S&P BSE Sensex rose more than 200 points to reclaim 72K while the Nifty50 closed above the 21,900 level.