Buy or Sell: Stock ideas by experts for June 27, 2023 - 10 months ago
ET Now spoke to various experts and here's what they have to recommend for today's trading session. Kunal Bothra has a buy/sell recommendation on Bandhan Bank and Maruti Suzuki while Nooresh Merani has a buy/sell recommendation on Hero Moto and Bharti Airtel for today's trading session. Check out the targets and stoploss.
Economic Times

Aditya Birla Capital to raise up to $213 million via share sale - 10 months ago
India's Aditya Birla Capital has proposed to issue equity shares worth up to 17.5 billion rupees ($213.5 million) through a qualified institutional placement (QIP), according to a term sheet seen by Reuters.
Economic Times

At multi-year highs: Trent among 10 stocks witnessing 5-year swing high breakouts - 10 months ago
In the NSE list of stocks with a market cap of over Rs 1000 crore, we have collated a list of 10 stocks that witnessed a 5-year swing high at the close on June 26, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look. A 5-year swing high represents the highest price a stock has reached within a five-year timeframe. This level acts as a significant resistance point where the price has historically struggled to go beyond. This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.However, it's worth noting that this is different from a 5-year breakout, which occurs when a stock's price surpasses a key resistance level that has held for five years or longer.
Economic Times

Sensex rises over 200 points, regains 63,000 on broad-based buying - 10 months ago
The BSE Sensex was trading 232 points or 0.37% higher at 63,202. Nifty50 was trading at 18,758, up 67 points or 0.36% at around 9.18 am.
Economic Times

Positive Breakout: D-Mart & 5 other stocks crossed above their 200 DMAs - 10 months ago
In the Nifty200 pack, six stocks' prices crossed above their 200 DMA (Daily Moving Averages) on June 26, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
Economic Times

India's Aditya Birla Capital to raise up to $213 million via share sale - 10 months ago
India's Aditya Birla Capital has proposed to issue equity shares worth up to 17.5 billion rupees ($213.5 million) through a qualified institutional placement (QIP), according to a term sheet seen by Reuters.
Economic Times

​​8 large and midcap stocks that may move upwards from current downtrend​ - 10 months ago
On the candlestick screener scan performed on Monday, a bullish reversal pattern helped identify stocks that can see an uptrend from a downward zone in the future. So, here are 8 major stocks that have established a Bullish 'Harami Cross' pattern and hint at a bullish reversal in the future. (Source: StockEdge)
Economic Times

Tesla's searing rally elicits downgrades, caution on Wall Street - 10 months ago
Goldman Sachs has downgraded Tesla's stock to a “hold” rating, reflecting concerns about the EV maker’s valuation. Other brokerages such as Morgan Stanley and Barclays have also lowered their ratings while increasing their price targets. Tesla's market cap of $813.29bn is much higher than its closest rival, Toyota. One reason attributed to the rally is interest around AI, while the stock has also gained from several pieces of good news, including charging deals struck by rivals. However, concerns over increased competition in China and the pressure to cut prices continue to weigh on Tesla's earnings.
Economic Times

Stocks in focus: Bharti Airtel, JSW Steel and more - 10 months ago
Nifty futures on the Singapore Exchange traded 16.5 points, or 0.09 per cent, higher at 18,720.50, signaling that Dalal Street was headed for positive start on Tuesday. Here's a slew of stocks that will be in focus today for various reasons.
Economic Times

Shooting Star on charts: 4 Nifty500 stocks giving bearish indications - 10 months ago
Bearish reversal scan on the candlestick screener can help ascertain stocks which can slip downward from an uptrend zone. Here is a list of 4 Nifty500 stocks that have established a Shooting Star pattern and signal bearish reversal. (Source: StockEdge)
Economic Times

Golden Crossovers: RIL among 8 stocks signalling further bullishness - 10 months ago
In the Nifty500 pack, eight stocks are witnessing Golden Crossovers, according to stockedge.com's technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. These stocks' 50-day simple moving averages (SMA) crossed their 200-day SMAs on June 26.
Economic Times

Surging India internet stocks trounce China peers, widening gap - 10 months ago
India's consumer technology stocks, including One 97 Communications and Zomato, have outperformed their Chinese counterparts this year, rising more than 20% as of September 2023. The strong performance was supported by the firms' focus on profitability and India's economic growth potential. Meanwhile, China's tech giants have seen a lacklustre performance as share prices remain below January levels, due to geopolitical and regulatory risks. With India's growth potential and favourable ties with the West, investors are turning to Indian companies despite their smaller market cap and revenue compared with China's tech firms.
Economic Times

A bearing company and a liquor major in potential rise of 9% and 5% - 10 months ago
On Monday, the markets traded within a limited range, with the Nifty opening in the positive territory and hitting the day’s high soon. However, the headline index could not hold on, ending the session with a small gain of little over one-tenth of a percent.
Economic Times

Big Movers on D-Street: What should investors do with Shree Cement, Policybazaar and Apar Industries? - 10 months ago
Indian equity benchmarks showed little movement on Monday as global markets weakened. Shree Cement's stock fell, Policybazaar rose while Apar Industries saw a sudden increase in share value. Investors are recommended to sell Shree Cement's shares, buy on dips Policybazaar's shares, and buy on dips Apar Industries' shares as they continue their prior rising trend. Technical indicators are positively poised on the medium-term timeframe chart, and the key support levels are estimated for the respective stocks.
Economic Times

Exhaustion hits high-flying aviation stock as power finance company goes bullish - 10 months ago
The stock of this company has gained a substantial upside of 38% over the last three months. Recently, the price failed in its attempt to close above the June peak. The candle formed at the top resembles a Spinning Top, which suggests a lack of confidence in the ongoing trend. The lack of participation is visible in the volume.
Economic Times

Asian stocks teeter as Russia, rates and China risks weigh - 10 months ago
Asian stock markets were hesitant on Tuesday as investors awaited signals on the interest rate outlook. They were also concerned about potential risks to China and geopolitical turmoil following an aborted mutiny in Russia. MSCI's Asia Pacific stocks minus Japan index gained 0.08%, while Japan's benchmark Nikkei average fell by as much as 1%. S&P Global has reduced China's economic growth forecast to 5.2% from 5.5% for 2023, representing the first time a major credit ratings agency has cut China's forecast this year, further maligning China's uneven recovery from the coronavirus pandemic.
Economic Times

Wall Street slips as investors eye Russia, Fed hikes, quarter-end - 10 months ago
US stocks closed lower on Monday as investors remained cautious due to the uncertainty surrounding the future of Russia after the weekend mutiny. Meta Platforms, Alphabet, and Tesla were among the biggest drags on the main indexes, with growth stocks experiencing a sell-off after a recent rally. Additionally, the start of the second quarter's final week prompted profit-taking in growth stocks. The Dow Jones Industrial Average fell by 12.72 points, the S&P 500 lost 19.51 points, and the Nasdaq Composite dropped 156.74 points. The energy sector was the biggest industry index gainer, rallying by 2.2% as oil prices rose.
Economic Times

Stock Radar: Shrikant Chouhan gives a buy call on this metal stock - 10 months ago
We see the next 12 months as a transformational period for this stock as various projects are lined up for commissioning. Its capacity would increase by 65% in two phases. We upgrade the stock to buy with a target of Rs 740,” Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities, said.
Economic Times

Stocks in news: BLS International, Airtel, Sapphire Foods, Aditya Birla Capital - 10 months ago
Swaminathan Janakiraman, a nominee director representing State Bank of India (SBI), has resigned as the Director of the company.
Economic Times

Textile slump mutes debt-laden Sumeet Industries appeal for suitors - 10 months ago
Bids for the debt-laden textile company Sumeet Industries have been weaker than lenders' expectations as high input costs and weak demand in the industry have kept large bidders away. Banks received bids ranging from ₹90 crore to ₹150 crore indicating a recovery of just 22%, much lower than the ₹250 crore or 40% recovery expected.
Economic Times

Bank of India looks to sell Rs 670-crore loans of KSK Mahanadi Power - 10 months ago
State-run Bank of India (BoI) is looking to sell the Rs 670-crore debt of KSK Mahanadi Power and has set a reserve price of Rs 301 crore, which will result in a recovery of 45% on the debt. The lender has set the reserve price on an all-cash basis and will hold open bidding Wednesday. Thereafter, the highest bid will form the base price for the Swiss Auction, which will be held later. BoI's recovery expectation is higher than those for the State Bank of India and Union Bank of India.
Economic Times

IRFC and IDFC First seal debt raise deals - 10 months ago
IRFC raised ₹1,940 crore through bonds maturing in October 2028 at a rate of 7.45% and ₹2,000 crore through bonds maturing in October 2026 at a rate of 7.41%, sources aware of the development said. The bonds are rated AAA by rating agencies Crisil, ICRA and Care.
Economic Times

Sebi releases compliance rules for REITs, InvITs - 10 months ago
Under the format for compliance report on governance, Sebi said infrastructure investment trusts (InvITs) and real estate infrastructure trusts (REITs) will have to disclose the name of the investment managers, the composition of the board of directors of the investment managers as well as the composition of committees, meetings of the board of directors, along with meetings of committees, on a quarterly basis.
Economic Times

ICICI Securities shares soar over 11% as parent considers delisting - 10 months ago
ICICI Bank said in an exchange filing that its board on June 29 will consider a proposal for the delisting of equity shares of ICICI Securities pursuant to a scheme of arrangement with the Bank under a special provision of the SEBI Regulations, 2021.
Economic Times

Harry Markowitz, Nobel Prize-winning pioneer of Modern Portfolio Theory, dies at 95 - 10 months ago
Markowitz was best known as the father of modern portfolio theory, which he introduced in 1952 in an article published by the Journal of Finance. He broke with traditional investment analysis by focusing on combinations of assets, rather than individual securities.
Economic Times

RBI announces portfolios for deputy governors - 10 months ago
Janakiraman will look after the departments of consumer education and protection, supervision, financial inclusion and development, inspection, premises, and Rajbhasha. Deputy governor Michael Patra will handle the departments of monetary policy, financial markets regulation, financial markets operations, deposit and credit guarantee corporation, and economic and policy research, amongst others.
Economic Times

RBI in talks with leading global peers to promote digital payments - 10 months ago
Barely months before unveiling the CBDC pilot in both retail and wholesale segments, the central bank allowed rupee settlement for international trade as a step towards internationalisation of the rupee. Banks from 18 countries have opened rupee vostro accounts since July last year, helping their importers settle payments in the rupee.
Economic Times

Market indicators hinting at fatigue - 10 months ago
Analysts said gains in the stock market have been restricted in the past when 70% of the stocks on the NSE 500 index trade above the 200-DMA.
Economic Times

Stock Radar: What makes JSPL a re-rating candidate? Kotak Securities sees up to 30% upside - 10 months ago
Jindal Steel & Power is set for transformation through multiple expansion projects worth ~Rs240 billion, commencing in 2QFY24E. Long-term investors are advised to purchase stock for a target of Rs 740, a 30% upside from Rs 568. The two-phase increase in capacity and higher backward and forward integration proposed over FY2024-26E is forecasted to structurally improve the company's margin profile
Economic Times

Not aware of any subpoena to US investors, regulatory checks a routine: Adani group - 10 months ago
Adani Group has denied knowledge of the US Securities and Exchange Commission subpoenaing its investors over representations made by the company to them following allegations by Hindenburg Research that offshore companies were used to manipulate share prices. The group added that its disclosures were public record, and that regulators frequently sought access to such material
Economic Times

Not aware of any subpoena to US investors, regulatory checks a routine: Adani Group - 10 months ago
Adani Group has denied knowledge of the US Securities and Exchange Commission subpoenaing its investors over representations made by the company to them following allegations by Hindenburg Research that offshore companies were used to manipulate share prices. The group added that its disclosures were public record, and that regulators frequently sought access to such material
Economic Times

Wall Street slips on uncertainty around rate hike path - 10 months ago
US technology and megacap stocks led declines on Monday, resulting in U.S. stocks edging lower as investors worry about the impact of further interest rate hikes on the economy. Growth stocks, particularly Meta Platforms, Alphabet, and Tesla fell between 2.7% and 4.9%. In contrast, the S&P 500 energy sector gained 1.8% as oil prices rose. Economic data, including a key inflation gauge, durable goods, and the University of Michigan's consumer sentiment index, are expected this week. Most policymakers see at least two more quarter-point rate increases by the end of this year.
Economic Times

Small Cap World Fund sells partial stake in Aavas Financiers via bulk deal - 10 months ago
Small Cap World Fund sold 7.7 lakh shares, or almost 1%, at an average price of Rs 1,437, making a gain of Rs 110 crore. The venture capital firm held approximately 8% stake in the company at the end of the March quarter. Aavas Financiers, predominantly a publicly owned company with 60.8% stake, offers housing loans to customers in semi-urban and rural areas.
Economic Times

Passive funds AUM tracking Nifty indices tops Rs 5 lakh crore - 10 months ago
Passive funds, designed to track the Nifty indices, contribute to the success of the passive funds sector, which has now achieved a total of Rs 7 lakh crore AUM, as of May. Growth in this sector has come from the failure of large-cap active funds to provide big returns.
Economic Times

Market Trading Guide: Shree Cement, ABB India among 7 stock recommendations for Tuesday - 10 months ago
Benchmark equity indices Sensex and Nifty closed on a mixed note in a volatile trade on Monday amid weak trends in the global markets. While auto, IT and pharma shares advanced in a restricted trade, selling in index heavyweight Reliance Industries, HDFC twins and Tata Consultancy Services capped the gains.In a lacklustre trading, the 30-share BSE Sensex dipped 9.37 points to settle at 62,970, logging its third day of decline. Nifty managed to end in the green at 18,691. Meanwhile, broader markets emerged strong and posted recovery.From the Nifty pack, top gainers included Cipla, Adani Enterprises, Hero Motocorp, Tata Consumer Products and Divis Labs.“The headline index Nifty has remained sideways during the session. On the lower end, it found support at the 21EMA on the daily timeframe. The trend remains complex as long as it stays within the bands of 18,500-18,800. A decisive breakout on either side might trigger a directional move. Till then we expect a market where the dips would be bought and rises would be sold into,” said Rupak De, Senior Technical analyst at LKP Securities.Here are the stock recommendations for Tuesday:
Economic Times

RBI slaps penalties on Standard Chartered Bank-India, other entities - 10 months ago
The Reserve Bank of India (RBI) has imposed penalties on several entities for failing to comply with regulatory norms. Standard Chartered Bank-India was fined Rs 30 lakh for contravening certain provisions of the RBI's KYC Directions. Equifax Credit Information Services, Experian Credit Information Company of India, TransUnion CIBIL, and CRIF High Mark Credit Information Services were also fined for non-compliance with Credit Information Companies Act regulations. Other banks and co-operative lenders were also penalised for similar reasons. RBI noted that the penalties were not intended to judge the validity of any transaction or agreement involving the entities.
Economic Times

City Union Bank plans to raise up to Rs 500 cr via QIP - 10 months ago
The private sector lender said that shareholders' nod would be sought in the annual general meeting for the capital raise plan.
Economic Times

Pakistan cenbank raises key policy rate to 22% - statement - 10 months ago
The meeting came a day after the country passed a heavily adjusted annual budget in hopes of securing a last gasp bailout from an International Monetary Fund programme that expires on June 30.
Economic Times

Pakistan cenbank raises key policy rate by 100 bps to 22% - 10 months ago
The meeting came a day after the country passed a revised annual budget in hopes of securing a last gasp bailout from an International Monetary Fund programme that expires on June 30.
Economic Times

US stocks kick off week on mixed note as rate worries persist - 10 months ago
Investors fear the Federal Reserve's aggressive monetary tightening will hurt the U.S. economy
Economic Times

Breakout Stocks: How ICICI Securities, Natco Pharma and SJVN are looking on charts for Tuesday - 10 months ago
On Monday, Indian markets closed mixed after early gains. The S&P BSE Sensex was flat with a negative direction, while the Nifty50 index rose marginally. Notable stocks included ICICI Securities, which rose by 10%, as well as Natco Pharma, up nearly 3%, and SJVN, up 6.5% to reach a fresh 52-week high
Economic Times

Sebi comes out with disclosure formats for compliance reports on governance, annual secretarial by REITs, InvITs - 10 months ago
India's Securities and Exchange Board has introduced disclosure formats for compliance reports on governance and annual secretarial for REITs and InvITs for the financial year 2023-24 onwards. Investment managers of InvITs and REITs will have to disclose essential details including the name of investment managers, the board of directors' composition, meeting details of committees and the board of directors on a quarterly basis. Investment managers of these investment vehicles will have to submit the annual secretarial compliance report in a new format to the stock exchanges within 60 days from the end of each fiscal year.
Economic Times

Sebi introduces ASBA-like facility for secondary market trading - 10 months ago
India's Securities and Exchange Board introduced a supplementary process for trading in the secondary market based on blocked funds in an investor's bank account to block unauthorised trading using investor's money. Similar to the Application Supported by Blocked Amount-like facility available for the primary market, the new facility will be provided by integrating Reserve Bank of India-approved Unified Payments Interface mandate service of a single-block-and-multiple-debits with the secondary market trading and settlement process called UPI block facility. The new facility will become effective by January 1, 2024, and will eliminate the custody risk of client collateral and reduce capital requirements for members.
Economic Times

ICICI Bank, Maruti among 5 stocks to end up as top Sensex contributors on Monday - 10 months ago
Despite a lacklustre trade that caused minor losses, some large-cap stocks drove the performance of S&P BSE Sensex resulting in a notable market advancement. ICICI Bank, Maruti, Infosys, Tata Motors, and Titan emerged as the top five gainers for June 26 with significant contributions to the market's upward movement. Investors can analyze their financial performance, market share, growth potential, and other relevant factors to make informed investment decisions. However, thorough research, analyzing financials, and staying updated on market trends are essential before investing.
Economic Times

BSE Bankex Index: 5 advances and 5 declines. Know how much each contributed to index? - 10 months ago
The BSE Bankex Index had a mix of advancements and declines among its constituent bank stocks. ICICI Bank, SBI, IndusInd Bank, Axis Bank, and AU Small Finance Bank were the leading contributors to the index's modest gains, while Federal Bank, Canara Bank, Bank of Baroda, Kotak Mahindra Bank, and HDFC Bank led to its decline. Investors are advised to thoroughly research the financials and stay up-to-date on market trends before making any investment decisions.
Economic Times

Tech View: Listless Nifty forms Doji candle on charts. What traders should do on Tuesday - 10 months ago
India's VIX rose slightly but stayed at lower levels, resulting in a choppy market with little movement. Options data indicates a narrower trading range with a shift between zones of 18,500 to 19,000. Analysts have said that until there is a decisive breakout on either 18,500-18,800 band, trends will remain complex. A minor upside bounce can be expected, but weakness under the crucial support of 18,650 levels will bring the next round of weakness in the market. Immediate resistance is at 18,760 levels.
Economic Times

RIL, TCS among top 5 biggest index laggards on Sensex today - 10 months ago
The S&P BSE Sensex witnessed a minor loss of 0.01% on Monday, primarily caused by the underperformance of Reliance Industries, HDFC Bank, TCS, Larsen & Toubro, and Bharti Airtel. These companies contributed significantly to the decline in the market. Investors may delve into their financial performance
Economic Times

Landmark Cars, Force Motors among 8 BSE small cap stocks surge to new 52-week highs - 10 months ago
Several BSE Smallcap stocks reached their 52-week high and generated market excitement. AstraZeneca Pharma, Apar Industries, Force Motors, Angel One, Venus Pipes & Tubes, Surya Roshni, Talbros Automotive, and Landmark Cars were among eight prominent stocks that led this bullish trend.
Economic Times

Rebounding strong! IDFC First Bank and 4 other Nifty Midcap stocks surge over 100% from 52-week low - 10 months ago
IDFC First Bank and Apollo Tyres are among the Nifty Midcap100 stocks which have demonstrated a strong recovery from their 52-week lows, attracting investor attention. IDFC First Bank saw its price increase by 157.36% from its 52-week low of Rs 29.9, while Apollo Tyres witnessed an increase of 123.18% from its 52-week low of Rs 179.9
Economic Times

Cyient, Raymond and 6 other Nifty small cap stocks soared over 100% from their 52-week low - 10 months ago
Several stocks in the Nifty Smallcap 100 index have shown an impressive recovery from their 52-week lows, with standout performers including Mazagon Dock Shipbuilders and Jindal Stainless. Mazagon Dock Shipbuilders witnessed a remarkable increase of 429.49%, while Jindal Stainless marked an increase of 233.11%. Other notable recoveries include KEI Industries, Raymond, Cyient, Tanla Platforms, KPIT Technologies, and RBL Bank, demonstrating effective management strategies, resilience, and capacity to navigate market challenges and capitalize on growth opportunities. These recoveries highlight the potential for growth and market resilience within the Nifty Smallcap 100 index.
Economic Times