Three stocks that recently hit a fresh 52-week high or saw volume or price breakout are FACT, Gujarat Pipavav Port and Aditya Birla Capital. The Founder of Chartmojo, Sunil Gurjar, was cautious about buying fresh positions due to volatility.

Upbeat capital goods orders data allayed concerns about a slowing U.S. economy in the face of Federal Reserve's aggressive interest rate hikes

Three stocks that recently hit a fresh 52-week high or saw volume or price breakout are FACT, Gujarat Pipavav Port and Aditya Birla Capital. The Founder of Chartmojo, Sunil Gurjar, was cautious about buying fresh positions due to volatility.

Reliance Industries stock has underperformed YTD compared to its peers across various segments. However, a 12-month risk-reward outlook for the stock is favourable, according to JPMorgan. The bank has retained an "overweight" rating on the stock with a price target of INR 2,960 ($39.5), representing a nearly 19% upside from current levels. JPMorgan believes that the stock's underperformance has been impacted by news flows and selling by foreign institutional investors, and not for any fundamental reasons. The bank also expects strong earnings for RIL in FY24, driven by the refining and petrochemical segments.

“Considering the need for balanced market development and avoidance of concentration risk in the market, BSE has requested NSE to consider shifting the Bank Nifty expiry to any day other than Friday,” a joint statement from the exchanges said.

Adani Group has clarified that it isn’t aware of any subpoena issued by the US Securities and Exchange Commission (SEC) to the investors there. “All of our disclosures are a matter of public record. It is routine that various regulators will seek access to public material in an easy and referenceable manner,” the group said in a statement.

The daily and hourly momentum indicator gave divergent signals. Heavy put writing additions were seen at 18,700 strike, making it a strong support for Nifty as we head into the final day of the June series expiry on Wednesday. Option activity at 18,800 strike will provide cues about Nifty Intraday direction on Wednesday, said Ashwin Ramani, Derivatives & Technical Analyst, SAMCO Securities.

On Tuesday, the Sensex, a benchmark index, rallied 446 points to settle at 63,416. During the trade, six stocks from the BSE financial services index attained new 52-week highs. This particular milestone holds significance for traders and investors, as it acts as a crucial technical indicator for evaluating a stock's present value and predicting future price fluctuations. Essentially, it represents the highest price at which a stock has been traded over the preceding year

Investors must link their PAN with their Aadhaar card by June 30th, 2021, to trade in the Indian securities market, says Sebi. According to a CBDT circular, PANs not linked to Aadhaar by March 2023 would be inoperative under the 1961 Act, leading to all the consequences of not furnishing a PAN.

Three Indian stocks, Suzlon Energy, Uno Minda, and Astrazeneca Pharma India, have formed Doji or Near Doji candlestick patterns, indicating market indecision and a potential reversal or continuation of trends. Candlestick patterns, widely used by technical analysts to identify potential trading signals, convey significant market sentiment. Investors should closely monitor subsequent price action to validate the pattern's significance and exercise caution before making investment decisions.

Discover potential investment opportunities as we delve into five Nifty 500 companies that are currently trading at a discount of 50% or more from their 52-week highs. Explore the performance and key information about Adani Wilmar Ltd., Adani Green Energy Ltd., Campus Activewear Ltd., Piramal Enterprises Ltd., and Tata Teleservices (Maharashtra) Ltd. This article aims to provide valuable insights for potential investors, highlighting the potential growth prospects of these discounted stocks

Shree Cement, Praj Industries, Borosil Renewables, Life Insurance Corporation of India and Vedant Fashions are trading below their respective 200-day Simple Moving Averages (SMAs), which is a significant event. However, each company has unique qualities and presents potential investment opportunities and investors can make informed decisions and potentially benefit from the situation. Shree Cement Ltd, Praj Industries Ltd and Borosil Renewables Ltd have seen momentary dips, but their strong fundamentals and potential for growth make them appealing. Despite trading momentarily below the 200-day SMA, Life Insurance Corporation of India and Vedant Fashions present interesting propositions due to their market position and growth potential in their respective sectors.

LTIMindtree shares closed over 3% higher as the IT stock is likely to replace HDFC in the Nifty 50. The market capitalisation of all listed companies on BSE increased to Rs 292.13 lakh crore. The market breadth was skewed in favour of the bulls. About 2,025 stocks gained, 1,467 declined, and 146 remained unchanged on the BSE.

Domestic equity mutual fund managers in India have reportedly purchased a net $570m worth of HDFC shares ahead of its merger with parent company Housing Development Finance Corp. in a "lucrative" arbitrage trade, according to Prime Database. Capitalising on the share-swap ratio upon completion, fund managers hope the merger will enable them to purchase shares at a discount to HDFC Bank’s current price. The merger is effective from 1 July, with HDFC Bank absorbing the parent company. HDFC shares rose by around 2.3% on 9 June.

Federal Bank has put on hold the sale of a stake in its subsidiary, Fedbank Financial Services, as it is unable to reach a consensus with potential investors over the unit's valuation. The bank had hoped to raise as much as INR20bn ($275m) from the sale. Federal Bank has also decided to focus on a fundraising of up to INR40bn instead. Fedbank Financial Services, which filed a draft IPO prospectus in February, may pursue a listing in the coming year, according to Federal Bank CEO Shyam Srinivasan.

Closing Bell: Sensex surges 446 pts on rally in financials; Nifty above 18,800; AB Capital soars 7%, SBI 3%.

LTIMindtree shares closed over 3% higher as the IT stock is likely to replace HDFC in the Nifty 50. The market capitalisation of all listed companies on BSE increased to Rs 292.13 lakh crore. The market breadth was skewed in favour of the bulls. About 2,025 stocks gained, 1,467 declined, and 146 remained unchanged on the BSE.

​​July 12 would be the last trading day for HDFC stock as it will get delisted on July 13, HDFC announced today while announcing the timeline of its merger with HDFC Bank.

BSE Bankex gained 0.7% on June 27, appreciating nearly 350 points, owing to the strong performance of several leading banking stocks. HDFC Bank, Axis Bank, Kotak Mahindra Bank, ICICI Bank, and SBI were the key contributors to the advancement. HDFC Bank, one of the leading private sector banks in India, occupied the top spot, owing to its robust financials and extensive branch network. Banking giants, known for their financial strength, digital initiatives, and customer-centric approach, continue to attract investors seeking exposure to the banking sector.

The merger of housing finance major HDFC with the country's largest private lender HDFC Bank will be effective from July 1, HDFC Chairman Deepak Parekh said on Tuesday.The boards of HDFC and the private bank will meet on June 30 post to clear and approve the merger, Parekh told reporters. The merger of the corporation with HDFC Bank will be effective July 1, Parekh said. HDFC vice-chairman and CEO Keki Mistry said that the stock delisting of the corporation will be effective from July 13.

Preliminary calculations done by his team shows that the IT stock could see an inflow of approximately $150-160 million.

Several stocks within the Nifty500 index have shown significant recoveries from their 52-week lows, indicating companies' resilience and market sentiment's potential for lucrative returns. Companies such as Ingersoll-Rand, KEI Industries, Adani Enterprises, Ceat, Cyient, Data Patterns, Tanla Platforms, and Sonata Software surged over 100% from their respective lows. These exceptional recoveries showcase companies' strength and their ability to capitalize on market opportunities and adapt to market dynamics.

​​July 12 would be the last trading day for HDFC stock as it will get delisted on July 13, HDFC announced today.

Investors must link their PAN with their Aadhaar card by June 30th, 2021, to trade in the Indian securities market, says Sebi. According to a CBDT circular, PANs not linked to Aadhaar by March 2023 would be inoperative under the 1961 Act, leading to all the consequences of not furnishing a PAN.

Several stocks, including Suzlon Energy, Alok Industries, Shree Renuka Sugars, ICICI Bank, HDFC Bank, Nykaa, and GMR Airports Infrastructure, witnessed rising delivery percentages with strong volumes, indicating the increasing investor interest and confidence in them. Shree Renuka Sugars and Nykaa showed notable positive trends, while ICICI Bank and HDFC Bank within the banking sector had encouraging delivery percentages. GMR Airports Infrastructure and Suzlon Energy also showcased rising figures that suggest growing investor participation and confidence in the companies' prospects.

Several stocks in the Nifty100 index hit new 52-week highs, including Dr Reddy's Laboratories, InterGlobe Aviation, Torrent Pharma, and Muthoot Finance, signaling strong market optimism and investor confidence. Dr Reddy's Laboratories achieved an impressive 52-week high of Rs 5,086.60, while InterGlobe Aviation reached a high of Rs 2,544.50. Torrent Pharma experienced a significant boost as its stock soared to a new 52-week high of Rs 1,893, and Muthoot Finance reached Rs 1,242.80. These achievements demonstrate the companies' resilience and robust growth prospects, reflecting the overall bullish sentiment in the market.

"The Board recommended stock split of existing 1 equity share of face value of Rs 10 each fully paid up into 2 equity shares of Rs 5 each fully paid up," the company said in a filing.

MACD or Moving average convergence divergence is a momentum indicator. The metric shows the relationship between the 2 moving averages of prices. (StockEdge). For calculating MACD, 26-day EMA is subtracted from 12-day EMA. Further, a 9-day EMA of the MACD called the signal line, is plotted on the top of the MACD, which provides the likely trading strategy in a stock i.e. a buy or a sell.

ICICI Securities has flagged 12 counters from the microcap universe of 80 stocks that offer viable investment options with cheaper valuations and scope for expansion in risk tolerance. The brokerage firm's report, however, cautioned investors about the liquidity risks in the microcap space. Stocks picked by ICICI Securities include Wonderla Holidays, Somany Ceramics, Greenpanel, Sansera Engineering, Isgec Heavy Engineering, Fusion Micro Finance, Repco Home Finance and Tatva Chintan. The minimum quality standards include the RoE being upwards of 10% and the earnings yield being greater than the 10-year government bond yield.

RSI or Relative strength index tracks whether a security is oversold or overbought. Stocks with RSI above 70 hint that the stock is overbought or overvalued.

Mutual funds have invested in approximately 950 stocks within the equity segment as per the May portfolio data. Among these, around 83 stocks experienced significant growth in share price within just a year, making them multibaggers. In the latest MF analysis conducted by ETMarkets, 10 stocks have been identified that have achieved remarkable share price growth of over 100% in the same one-year period. Furthermore, these stocks are held by more than 50 MF schemes, which instils further confidence as large institutions like MF conduct extensive research before investing. When multiple mutual funds show interest in a particular stock, it adds an extra layer of assurance, making it even more favourable. (Data Source: ACE MF)

Stocks including Gillette India, Trident, Petronet LNG, Coromandel International, and Vodafone Idea broke out from their 200-day Simple Moving Average (SMA) on Monday, June 26, 2023, indicating a potential shift in market sentiment. Gillette India closed at Rs 5,103.2, Trident at Rs 33.9, Petronet LNG at Rs 220.35, Coromandel International at Rs 936.4, and Vodafone Idea at Rs 7.65, all surpassing their respective 200-day SMAs. The stocks' ability to maintain sustained upward momentum will be closely monitored by investors, whilst their ability to capitalise on emerging opportunities will be critical.

Amid mixed global cues, Nifty remained muted so far in the month of June. However, several brokerages have upgraded the target prices on a number of counters in the last one month. These stocks belong to various sectors like auto, pharma, oil & gas and others. Here's a list of 10 stocks that earned upgrades in the last one month, according to Trendlyne data:

Several stocks within the Nifty Midcap index reached new 52-week highs, indicating their potential for growth and generating enthusiasm among investors. Among those, Coforge, Trent, Lupin, PB Fintech, Zydus Lifesciences, and Aditya Birla Capital attracted significant attention, demonstrating their strengths in their respective sectors. These achievements reflect the dynamic nature of the market and the potential for attractive returns. Investors are advised to stay updated and conduct thorough research before making investment decisions.

In the last many months when IT stocks came under pressure it was financial service stocks including banks which have been able to help the nifty recover. On days when global markets are under pressure and the nifty is showing signs of out performance. A number of times this up move is led by financial service and bank stocks. We take a look at what analysts are saying for select financial service stocks.

On June 27, 2021, frontline index S&P BSE Sensex surged nearly 200 points or 0.31% led by index heavyweights such as HDFC Bank and Infosys. Among the top five stocks that traded in the green and contributed to the market's advancement were HDFC Bank, Infosys, HDFC, Axis Bank, and Bharti Airtel. These companies are known for their robust financials, technological prowess, retail banking focus, expertise in the housing finance sector, and strong market presence and network coverage in the telecommunications industry. Investors seeking potential investment opportunities can explore these companies further to make informed investment decisions.

Pharma as a sector has been under pressure for a very long time. Some time USFDA issues, at other instances of pricing pressure in US markets have been troubling the sector. However, some of the small and mid sized Indian pharma companies which are not hit by pricing pressure of the US generic market and other issues which large pharma companies have been facing keep attracting interest from the analyst. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

“We expect HDFC to deliver an AUM and PAT CAGR of ~14% each over FY23-25, which will translate into a core RoA/RoE of 2%/14% in FY25. We have a 12-month target of Rs 3290 which translates into an upside of 20% from current levels,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

As Nifty comes closer to form a new high, more number of mid-caps stocks are joining the party. Some stocks which had been trading earlier in negative territory have seen an improvement in their score which means a big shift in stance of analysts. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

Exide Industries, an auto component maker, hit a fresh 52-week high in June 2022 and rose more than 30% from March 2023 to June 2023. The recent breakout from a Double Bottom pattern suggests that the rally may not be over yet and short-term traders can look to buy the stock now or on dips for a possible target of 280 levels in the next 3-4 weeks. The daily RSI is at 76.9 and the recent swing high has opened room for the stock to head towards Rs 280 levels in the short term.

“We expect HDFC to deliver an AUM and PAT CAGR of ~14% each over FY23-25, which will translate into a core RoA/RoE of 2%/14% in FY25. We have a 12-month target of Rs 3290 which translates into an upside of 20% from current levels,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

The Securities Appellate Tribunal (SAT) has granted interim relief to IIFL Securities by staying the Securities and Exchange Board of India's (Sebi) order debaring the brokerage firm from onboarding new clients for two years. The Sebi order was issued following its inspection of IIFL's book of accounts, where Sebi found that the brokerage firm violated the rules by not segregating its own funds from customers’ funds and also misled debit procedure. IIFL Securities had appealed to the tribunal against the Sebi order.

​​​This is in line with the announcement made by the Maharashtra general administration department on Monday regarding change in holiday on account of Bakri ID.

Around 212 stocks of companies with a minimum market capitalisation of Rs 500 crore have eroded investors’ wealth considerably in the first half of 2023, as per data analysed by ETMarkets. Most of the laggards were midcaps and smallcaps, though the broader markets have outperformed the largecaps in recent months. Adani Group companies dominated the list, with Adani Total Gas falling more than 82% YTD. Infosys was the worst performing stock in the frontline IT pack, and Hindalco Industries was among the severely affected largecap metal companies due to a demand slowdown.

Adani Enterprises and Adani Total Gas will hold their Annual General Meetings on July 18 to consider the record date for dividends. Adani Enterprises' AGM is scheduled at 10 am while Adani Total's is at 12 pm. Shares of both companies gained in early trade, with over 5 lakh shares of Adani Enterprises and nearly 76,000 shares of Adani Total trading on NSE. The overall market was positive, with S&P BSE Sensex and Nifty50 trading higher with 35 advances and 15 declines in the 50-stock index.

Global brokerage firm Macquarie downgraded Paytm's stock to neutral from outperform, attributing it to the sharp run-up in share prices in recent months and risks emerging from Jio Financial Services' entry into the financial services space. The analyst also noted that China's Ant Financial could be looking to pare down its stake, which could be an overhang. Macquarie has maintained the earnings front and expects Paytm to report accounting profitability by FY26. Despite the downgrade, Paytm shares rose more than 2% to the day's high of Rs 858 on BSE.

Eight bluechip stocks including HDFC Bank, ICICI Bank, Adani Enterprises and Adani Ports and Special Economic Zone are expected to attract fund inflows due to Nifty50's quarterly rejig of benchmarks. The move, taking effect on 29 June, means money will leave Reliance Industries, as well as Axis Bank, IndusInd Bank and five other stocks. HDFC Bank is set to receive the highest inflow ($29m) followed by ONGC ($27m) and Adani Enterprises ($27m). The recapping exercise will also change the weights of certain stocks in Nifty50, raising Adani's while reducing HDFC Bank and ICICI Bank's.

Shares of Sapphire Foods India, a restaurant and food services firm, rose by 4% to reach Rs 1,448.2 in Tuesday's trade on BSE after a block deal reportedly took place on the counter, with the transaction of 30.3 lakh shares of the firm at Rs 1,377 per share. Bloomberg reported that the KFC and Pizza Hut's India holder was probably going to sell three million shares in a block deal as well. The block deal was anticipated to enable the shareholder to divest a portion of their holdings in Sapphire Foods India for Rs 1,345-1,391 per share.

Macquarie has maintained its outperform rating on IndusInd Bank with a target price of Rs 1510, as the bank aims to strengthen its balance sheet by making more contingent provisions and raise net interest margins from 4.2-4.3% to 4.4%. Macquarie has also downgraded Paytm to neutral with a target price of Rs 800 due to a sharp run-up in the share price but expects accounting profitability from the platform by FY26. Additionally, brokerage firms Spark and CLSA recommended a buy rating on EMS player Kaynes Technology and life insurer ICICI Prudential, respectively.

High dividend-paying stocks are the most sought after on the Street as they reward investors with consistent payouts irrespective of the market sentiments. Here are 10 such stocks that have paid dividends up to a whopping 5,000% in FY23. Source: HDFC Securities.