RattanIndia Power’s shares jumped 19% on Monday as the company announced that it has refinanced its senior debt with a Rs 1,114 crore loan led by Kotak Mahindra Bank. The power generation company has fully repaid the balance of senior debt to Goldman Sachs and Varde Partners. The trading of the company's shares involved large volumes as over 15.13 crore shares traded on the NSE with an intraday high of Rs 5.60. The company has private power generation capacity of 2,700 MW installed power plants.

These four metal stocks give bearish signals, indicating that may be time to sell the counters as the MACD drops below the signal line. Take a look: (Source: StockEdge)

Experts suggest that Housing Development Finance Corporation (HDFC) could see a bullish momentum, with a possible target of Rs 2,820 in the next 3-4 weeks. After hitting a 52-week high of Rs 2,867, the stock found support above the 200-EMA and reclaimed the 50-EMA last week. It also broke out from a falling wedge pattern on the daily charts, suggesting bullish momentum. In terms of price action, the stock is trading above most short and long-term moving averages. Experts recommend buying the stock on marginal dips, keeping the stop loss below Rs 2,640 levels.

Beta is a measure of volatility and signifies the sensitivity of the stock in comparison to the overall market or the broader index. Market beta is always 1, and in a case, if it is higher, say for a stock, if the beta value is 1.4 compared to the index, then it is inferred to be 40% more volatile than the index.Usually, high-beta stocks are rewarding in terms of return. Nonetheless, when it comes to returns, the industry’s, as well as the stock-specific fundamentals, also play a major part.

HDFC Life Insurance shares have underperformed the Indian Nifty50, with returns of just over 12% in the past year compared with the benchmark's 20% returns during the same period. Despite three consecutive sessions of corrections, analysts say the stock remains in an overbought zone, with momentum indicators suggesting investors should accumulate it on any declines. Rajesh Palviya, senior VP of technical and derivatives research at Axis Securities, believes the short to medium-term outlook is still bullish. "Any short-term corrections towards the support zone remain an accumulation opportunity for traders and investors,” he said.

The Nifty index has gained approximately 3% so far this year. However, several Mutual Fund schemes have experienced a surge of over 15% in the first half of the current calendar year (1HCY23). In today's Mutual Fund Analysis, ETMarkets identified the top six equity mutual fund schemes that meet the given criteria. Furthermore, we have conducted an in-depth analysis and highlighted the top five performing stocks of each scheme in 2023 thus far. It is noteworthy that ETFs have been excluded from our analysis. (Dat Source: ACE MF, ACE Equity)

While interest rate cycles impact every sector, some sectors are relatively less impacted by rising interest rates. One of the biggest advantages of a service sector company is that they work on an asset light model which brings them in that category.

PB Fintech's shares surged by as much as 7% to reach a fresh 52-week high due to the business growth plans revealed in its first virtual meeting with analysts. The company, which owns Policybazaar platform, plans to fill gaps in the market by using data and technology, giving it an edge in addressing India's underpenetrated market. Product innovation is expected to drive its faster-than-industry growth. Kotak Institutional Equities has maintained its positive stance with a 'buy' rating and a fair value of INR725.

Jefferies has initiated coverage on 16 stocks as 'Buys', all of which are in the small and midcap space. The brokerage firm believes that there is a higher share of domestic economy stocks in the SMID space and that SMIDs will continue to outperform large-cap stocks going forward. There is a dearth of medium-cap investment ideas and only 3 Nifty-50 components account for 5% of the market cap belonging to the industrial and realty group in the large-cap section. Conversely, 18-20% of the SMID market cap is made up of industrial and realty companies.

The wide expectation was that when delisting was announced for ICICI Securities, the shareholders of ICICI securities will get cash in lieu of the shares they are holding, but what we found out through our sources was that delisting will not result in cash for shareholders of ICICI Securities, in fact, the shareholders will get ICICI Bank shares and the swap ratio will be announced after the board meeting which is going to be held on June 29.

Several BSE Midcap stocks achieved their 52-week high, including PB Fintech and ICICI Securities. Aurobindo Pharma showcased impressive performance with its consistent growth. PB Fintech's remarkable achievement and SJVN's success reflect the positive market outlook for midcap stocks.

Despite weak performance in FY23, Indian oil and gas firms are expected to see revenue and margin growth in FY24 due to lower energy costs and a growing domestic consumer market, according to brokerage firms including Anand Rathi, Nuvama and Nirmal Bang. Firms such as GAIL, Gujarat Gas and Bharat Petroleum Corporation are among top picks. OMCs such as BPCL and IOCL also have strong dividend profiles and counter-cyclical prices, said Nuvama. However, fuel price reductions could pose a risk to earnings, as overall issues with crude prices continue to impact the sector.

Dr Reddy's Laboratories, HCL Technologies, and Aurobindo Pharma have achieved 52-week highs and solidified their positions as market leaders. Dr Reddy's Laboratories has a market capitalization of Rs 84,254.00 crore and a P/E ratio of 18.7, while HCL Technologies has a market capitalization of Rs 317,037.50 crore and a P/E ratio of 21.3. Aurobindo Pharma has a market capitalization of Rs 42,213.90 crore and a P/E ratio of 21.9, highlighting their growth potential and investor appeal. Their successes serve as a reminder of the growth potential within the BSE 100 index.

Explore the BSE-listed companies that hit their 52-week lows on Monday, as 37 stocks recorded downward trends. Gain valuable insights into the overall market performance, with advancing and declining stocks, and discover key information about these companies. This informative article aims to assist potential investors in their decision-making process by providing interactive and informative content.

The much-awaited merger of HDFC Bank and HDFC is expected to be completed next month. Market experts predict that the announcement of the merger date will trigger further buying interest and lead to both stocks hitting record high levels. While HDFC twins have underperformed the Nifty in the last one-month period, both are trading 5% away from their respective 52-week high levels and are up 5-6% each in the last 3 months. The merged entity is likely to trade under the HDFC Bank ticker before July 20. An eligible shareholder will get 42 shares of HDFC Bank for every 25 HDFC shares held by them.

While interest rate cycles impact every sector, some sectors are relatively less impacted by rising interest rates. One of the biggest advantages of a service sector company is that they work on an asset light model which brings them in that category.

As broader market indices witness minor consolidation, which normally happens when they are close to all time high as some resistance is bound to come. Some stocks have witnessed consistent improvement in their scores. 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.

Tata Consumer Products' shares rose 3% to Rs 866.2 on Monday, following Citi's initiation of a "Buy" call on the stock with a target price of Rs 1,020. The global investment bank anticipates a consolidated revenue/EBITDA/EPS CAGR of 12%/17%/22% over FY23-26 due to the company’s improved financial metrics and brand strength. In Q4 FY23, the firm reported a net profit of Rs 268 crore, a 23% increase from last year. Its revenue from operations for Q4 also grew 14% YoY to Rs 3,619 crore.

Shares of Shree Cements fell over 10% to Rs 22,601 after reports suggested that the company has avoided taxes worth INR 23,000 crore. The Income Tax department launched an investigation at five locations including Beawar, Jaipur, Chittorgarh and Ajmer. In its response, the company said that all management personnel were cooperating with officials to clarify the situation and that reports in the media to the contrary were incorrect. Cement sales have increased 10% to 8.83 million tonnes in Q4 FY23 compared to the same period last year.

The much-awaited merger of HDFC Bank and HDFC is expected to be completed next month. Market experts predict that the announcement of the merger date will trigger further buying interest and lead to both stocks hitting record high levels. While HDFC twins have underperformed the Nifty in the last one-month period, both are trading 5% away from their respective 52-week high levels and are up 5-6% each in the last 3 months. The merged entity is likely to trade under the HDFC Bank ticker before July 20. An eligible shareholder will get 42 shares of HDFC Bank for every 25 HDFC shares held by them.

Shares of Shree Cements fell over 10% to Rs 22,601 after reports suggested that the company has avoided taxes worth INR 23,000 crore. The Income Tax department launched an investigation at five locations including Beawar, Jaipur, Chittorgarh and Ajmer. In its response, the company said that all management personnel were cooperating with officials to clarify the situation and that reports in the media to the contrary were incorrect. Cement sales have increased 10% to 8.83 million tonnes in Q4 FY23 compared to the same period last year.

ICICI Securities shares rose 15% on Monday as news emerged of ICICI Bank, its parent company, considering delisting it. ICICI Bank said its board of directors would consider the proposal on June 29th in accordance with Sebi (Delisting) regulations. The bank holds a 74.85% stake in ICICI Securities.

India’s IT stocks are being shunned by institutional investors despite the fact some are up to 25% below their 52-week peak levels. The Nifty IT Index is still trading at a 10% premium compared to its 10-year average valuations, with the likes of IT giants TCS, Infosys, HCL Tech, Wipro and Tech Mahindra still trading above pre-Covid valuation levels. Midcap IT stocks are trading at a 25% premium compared to large caps. Hemant Kapasi, head of equities at Sanctum Wealth, said the IT industry may experience a time correction over the next few quarters rather than a significant correction in valuations.

After a rough ride of equity markets last week, analysts expect the indices to consolidate for some time and advise investors to use this opportunity to buy the dips. Here are four technical picks from analysts that can offer gains up to 14%

Top brokerage firms have initiated buy ratings for Tata Consumer, maintained buy ratings for Eicher Motors and Asian Paints, while maintaining a reduce rating for Dr Reddy's Laboratories. Citigroup initiated a buy rating for Tata Consumer with a target of Rs 1,020. CLSA maintained a buy rating for Eicher Motors with a target of Rs 4,266 while, Macquarie maintained an outperform rating for Asian Paints with a target of Rs 3,800. Meanwhile, Kotak Institutional Equities maintained a reduce rating for Dr Reddy's Laboratories with a target of Rs 4,800.

Indian markets are predicted to trade higher on Monday following optimistic global cues, with Nifty forming higher highs for thirteen weeks. Monthly maximum Call OI is placed at 18,800, while the monthly maximum Put OI is at 18,500. Suggested stocks for short-term traders include Dr. Reddy’s Laboratories, Bharti Airtel, and IndusInd Bank from Chandan Taparia, while Nooresh Merani’s recommendations include Bharti Airtel, NTPC, and BHEL. Kunal Bothra suggests buying Cummins India, Trent Ltd, and AB Capital. However, these are independent opinions and not the views of the Economic Times.

A bearish reversal scan on the candlestick screener can help ascertain stocks where the trend can change to a downtrend from an upward zone in the future. So, here are 4 stocks that have established a Hanging Man pattern in trade on Friday and signal a bearish reversal. (Source: StockEdge)

Five Indian stocks including Punjab National Bank, Hindustan Aeronautics, L&T Finance Holdings and RBL Bank have been banned from trade on 26 June 2023 due to their futures and options contracts surpassing open interest caps. The ban reverses when open interest falls below 80%. The ban does not impact those who trade in index. On Friday, Indian indices the S&P BSE Sensex and Nifty50 finished with declines, while Nifty Bank ended lower by 0.23% at 43,622.90. Technical Analyst Rajesh Bhosale advised that investors should consider buying opportunities after any short-term corrections.

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 Cummins and Trent while Nooresh Merani has a buy/sell recommendation on Bharti Airtel and NTPC for today's trading session. Check out the targets and stoploss.

Thirty-three Indian stocks have more than doubled investors' wealth in H1 2023. As of H1, the benchmark S&P BSE Sensex has given a 3.5% return, but a majority of the multibagger stocks identified come from the midcap and small-cap categories. Among the 33 stocks, six each are from the capital goods and information technology sectors, and over 100 stocks have beaten the benchmark by between 50-100%. Money managers recommend that investors continue to look for value buys from a long-term perspective.

Shares of brokerage firm ICICI Securities opened over 15% as the Board of Directors of ICICI Bank will meet on June 29 to consider a proposal for delisting its institutional and retail broking arm. Shree Cement shares hit a 10% lower circuit amid media reports that tax evasion to the tune of Rs 230 billion ($2.80 billion) has been found in tax searches at multiple locations of Shree Cement in Rajasthan.

The Futures Long Position Scan performed on Friday revealed Aggressive New Long positions were taken on 3 Nifty counters. This indicates a bullish sentiment in the market, as the average traded and delivered quantity for 5 days along with the cumulative open interest, and the price for the stocks have increased. (Source: StockEdge)

Sensex, Nifty flat; ICICI Securities surges 11%, Shree Cement cracks 7%; YES Bank, Rail Vikas Nigam, Infibeam Avenues are some of the gainers in morning trade.

On the candlestick screener, a bullish reversal pattern helps identify stocks that can move into an uptrend from a downward zone in the future. So, here are 3 major stocks that have established a hammer pattern in Friday’s trade and signify a bullish reversal. (Source: StockEdge)

Nifty futures on the Singapore Exchange traded 11 points, or 0.06 per cent, lower at 18,704, signaling that Dalal Street was headed for muted start on Monday. Here's a slew of stocks that will be in focus today for various reasons.

In the NSE list of stocks with a market cap of over Rs 1000 crore, four stocks close prices crossed above their 200 DMA (Daily Moving Averages) on June 23, 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.

In the NSE list of stocks with a market cap of over Rs 1000 crore, we have collated a list of six stocks that witnessed a 5-year swing high at the close on June 23, 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.

The stock of this PSU has had a near-vertical rise in the past three months. The stock price has appreciated by more than 40%. Recently the price has been struggling to hold on to the upside and is displaying signs of profit booking. It has formed a bearish Marubozu candlestick which suggests further downside in the short term.

In the NSE list of stocks, six stocks with a market cap of over Rs 1000 crore 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 23.

On the last day of the trading week, the markets were again in a dull mood, opening in the red and closing with a loss. The Nifty was adrift during the day, ending the session with a decline of over half a percent.

In its filing to the exchanges on Monday ahead of market opening hours, the lender said that the proposal to delist ICICI Securities will be in accordance with Sebi (Delisting) regulations.

Equity benchmarks ended the last week with a bearish trend in global equities and concerns over rate hikes by central banks, causing the 30-share BSE Sensex to fall 259 points to settle at 62,979, while Nifty was also down 105 points at 18,665. IndusInd Bank rose by 2.88%, and Hindalco was down 3% while APL Apollo Tubes’ shares declined 3.45%. Investors could consider short-term selling pressure if IndusInd Bank’s stock price dips below Rs.1,250; Hindalco has to overcome its 200-DMA at Rs.430 to gain significant strength, while on BPCL a resistance area of Rs.370-380 needs to be overcome.

The Investor Education and Protection Fund Authority (IEPFA), under the corporate affairs ministry, is also planning to ease the process for investors to get the unclaimed shares and dividends, the official told ET, adding that this will curtail the requirement of certain superfluous documentations.

The Nasdaq 100 is heading for its best H1 ever, with a surge of 36% so far this year. But Wall Street is concerned that the rally may be derailed by the Federal Reserve tightening its policy. Despite recession fears and bank failures, investors have remained optimistic as the US economy shows resilience and the earnings outlook improves. However, analysts warn that the rally in tech stocks appears overblown due to rich valuations and only a few high-flying companies such as Apple, Microsoft and Nvidia. Historically, a strong first-half for the stock market has been a good omen for the rest of the year.

Investors are looking to China as stocks slip and oil rises due to concerns about stability and crude supply after the abortive weekend mutiny by Russian mercenaries. Brent crude futures rose 1% to $74.55 a barrel and U.S. crude rose above $70, recouping previous losses. The yen rose and indexes such as Japan's Nikkei and Australia's ASX 200 fell. The market is also worried about a darkening growth outlook, a post-pandemic recovery in China and global interest rates remaining high. The Australian dollar remained steady at $0.6679, the euro at $1.0906 and sterling at $1.2728.

The European Medicines Agency’s (EMA) Committee has accepted Aurobindo Pharma subsidiary CuraTeQ Biologics' request to withdraw the applications for marketing authorization of ZEFYLTI (a filgrastim biosimilar) and DYRUPEG (a pegfilgrastim biosimilar).

GoFirst’s creditors have approved a business plan for revival of the airline. As part of the business plan, Go First’s RP has sought Rs 425 crore of interim finance. The airline, which filed for insolvency last month, told the regulator that it requires Rs 400 crore to resume flying

​​"We are recommending these stocks as a contra bet on the global cyclical sector and it is recommended to accumulate the stock in parts over the next few weeks," said SBI Securities in a note on Friday.

The trend of rising delivery percentage has continued for the current month, too. The 20-month average rolling delivery on the stock exchange rose to a 66-month high of 43.58% as of June 20, according to Bloomberg data.

Several large investors and funds, including Canada Pension Plan Investment Board (CPPB), Abrdn Investment Management, TPG, Warburg Pincus, General Atlantic, Carlyle, Sequoia Capital, T. Rowe Price International, Norges Bank, and Fairfax, among others, have raised hundreds of crores by selling shares in June.