Revenue from operations too declined 7% year-on-year to Rs 7,067 crore in the said third quarter. On a sequential basis, net profit jumped 17% from Rs 1,729 crore reported in the preceding quarter, while revenues were up 8% quarter-on-quarter.

​India's most valuable railway stock Indian Railway Finance Corporation (IRFC) is now more valuable than 19 Nifty stocks including Bajaj Auto, Mahindra & Mahindra, LTIMindtree and Tata Steel.

Nithin Kamath said that there was a mismatch between the priorities of IIT, IIM students with those of Zerodha.

Normally FMCG sector is associated with the power of brands. However, there are many industries, where a strong brand plays an important role. There are enough examples of firms that have built strong brands & have been getting premium on Street. The reason, a strong brand helps a company weather storms of an economic slowdown or inflationary pressure. Also over long term the final cost of doing business is lower, margins are higher as the concept of reverse working capital comes into play when the brand is strong. Yes, there are phases where they underperform because sometimes their valuations do get stretched, but then over time earnings do tend to help in normalization of valuations.

Company will use part of the funds raised to bring down the debt and for working capital requirements, according to a source.

The Sony Group is expected to pass a resolution to end the “good faith discussions,” thereby calling off the planned amalgamation, unless Zee MD and CEO Punit Goenka agrees he won’t assume current titles at the merged company.

A gauge of the country’s top 12 biggest banks is set for its worst week since September, erasing around $21 billion in market value through Thursday’s close. HDFC Bank’s earnings has now raised concern about reports from peers ICICI Bank Ltd, Kotak Mahindra Bank Ltd and Axis Bank Ltd.

Polycab India reported a double-digit growth in both profit and revenue for the quarter ended December. The consolidated net profit rose 15.4% year-on-year (YoY) to Rs 413 crore while the consolidated revenue from operations grew nearly 17% YoY to Rs 4,340 crore. Sequentially, the bottomline fell 3% versus Rs 430 crore in Q2FY24, while the topline rose a moderate 3%.

The company had posted a net profit of Rs 113 crore during the October-December period a year ago, according to a regulatory filing from Metro Brands.

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

ETMarkets spoke to Mohit Ralhan, CEO, TIW Capital on the market outlook in 2024, sectors to track and steps to follow to protect investments in the new year.

The global investment bank expects favorable outlook for volume growth in FY25E, which would indicate business as usual.

Motilal Oswal Asset Management Company (MOAMC) has launched Motilal Oswal Large Cap Fund, an open-ended equity scheme predominantly investing in largecap stocks. The NFO is open for subscription till January 31. The fund aims to maintain a strategically balanced portfolio with exposure of a minimum of 80% in the Nifty 100 largecap stocks, complemented by a thoughtful 20% allocation in small-cap/Mid/IPO/Pre-IPO/Foreign Equity.

BSE and NSE have cancelled market holiday for this Saturday to conduct a special live trading session tomorrow. The session aims to test preparedness for handling unexpected disasters and aligns with Sebi's guidelines. The timings will be different as it involves a switch over from the primary site to the disaster recovery site. The session will be divided into two sessions with trading, settlement, and billing happening as usual but for a smaller time window. The price band has been fixed at a maximum of 5% for all stocks.

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

Following a board meeting, the company announced that it will raise funds through the issuance and allotment of commercial papers for an amount not exceeding Rs 3,500 crore, to be utilized for bridge funding to facilitate the payment of consideration for proposed acquisition of stakes in Capital Foods Private and Organic India.

Short-term traders can look to buy the stock on dips for a possible target of Rs 227 in the next 3-4 weeks, suggest experts.

Indian equity markets rebounded led by banking, energy, and IT stocks. BSE Sensex rose 700 points, Nifty crossed 21,650. Top gainers were Tech Mahindra, Wipro, NTPC, Infosys, Axis Bank, and HCL Tech. Nifty IT and Nifty Financial Services surged. Polycab India and Shoppers Stop shares declined. Results of Reliance Industries, HUL and Ultratech Cement are awaited.

Top PMS fund manager Saurabh Mukherjea, whose firm Marcellus handles HNI money worth around Rs 10,000 crore, has picked 4 new smallcap stocks in his Little Champs portfolio. In his bank-focused Kings of Capital portfolio, Home First Finance has been replaced with MAS Financial Services while SKF India is the new stock pick in midcap-heavy Rising Giants portfolio. Mukherjea told investors in a note that positive developments in interest rate cuts by the Fed can improve consumer sentiments and benefit stocks with global market exposure.

In its India Strategy report for 2024, brokerage Emkay Global shared 5 stocks on which it has a 'reduce' rating or 'sell' rating. Take a look:

It was a day of struggle for the market. It tried to break away from the pressure holding it down. But in the end the index closed with a loss.

Top brokerages remain optimistic about the prospects of IndusInd Bank. While Macquarie has retained an 'Outperform' view, domestic brokerages Motilal Oswal and Nuvama have reiterated their buy stance.

ASK has around 35% market share in the 2W drum braking system market, with 85% of 2W braking market constituting drum brakes.

Shares of Shree Marutinandan Tubes listed with a 40% premium on the BSE SME platform. The stock was listed at Rs 200, compared to the issue price of Rs 143. The public offer was booked 47 times, with strong subscription from retail and other investors. The company trades galvanized, mild steel, black, and solar structural pipes. It is expanding its business by outsourcing manufacturing to Shree Kamdhenu Machinery for agricultural equipment.

10 stocks from the sector have turned multibaggers since last year's Budget on February 1. IRFC, Ircon, Texmaco Rail & Engineering, Oriental Rail Infrastructure, Jupiter Wagons, and Railtel Corporation Of India have tripled investors' money, rising between 209-367%.

From the Sensex pack, Tech Mahindra and Wipro were the top gainers, rising 3% and 2%, respectively, NTPC, Infosys, Axis Bank and HCL Tech also opened higher, while only IndusInd Bank opened in the red.

Sensex soars 600 points; Nifty above 21,600; EaseMyTrip jumps 4%, IndusInd drops 2%; Tech Mahindra, Wipro, Axis Bank are some of the gainers in the morning trade.

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 CESC and Bank of Baroda, while Nooresh Merani has a buy/sell recommendation on Tata Communications and Petronet LNG for today's trading session. Check out the targets and stoploss.

Asian shares bounced on Friday, buoyed by a rally in regional chipmakers, while the yen was set to end the week with heavy losses as investors pared back bets the Bank of Japan would soon abandon its uber-easy policies.

U.S. stocks ended sharply up on Thursday, with the S&P 500 approaching record highs as AI optimism drove gains in Nvidia and other chipmakers.

“UBL has been trading in a steady long-term uptrend, though its pace of advance is gradual. Traders can buy for a target of Rs 2150 in the next 2-4 months,” Ajit Mishra, SVP - Technical Research, Religare Broking Ltd, said.

People close to Sony said the multinational has offered Punit Goenka the role of advisor at the new company, but said he should not be on the board, pending regulatory investigations. As of now, Goenka as boss of new merged co, failing financial health, unmet conditions are being seen as key hurdles to the deal going through.

Lenders had voted for a plan given by AGI Greenpac in October 2022, but due to a series of litigations, the plan is yet to be approved by the bankruptcy court. The country's largest glass bottle maker was admitted for corporate insolvency in October 2021 on a petition by DBS Bank.

The developments come at a time when European banks are shelling out hefty sums as central counterparty exposures for dealing with the Clearing Corporation of India (CCIL), the RBI-supervised organisation which has found itself at the epicentre of the regulatory logjam between the Indian central bank and the ESMA.

The city-based lender promoted by the Hindujas already has a branch in the temple town, which will be witnessing the consecration of the Ram Temple on January 22.

Private lender IndusInd Bank's standalone net profit grew 17% to Rs 2,298 crore for the quarter ended December. Net interest income for the third quarter rose 15% to Rs 5,296 crore.

Lenders had divided the company's assets into three clusters - the company's stakes in insurance ventures, textile businesses and other residual stakes. Authum, Capri and JC Flowers are the three entities that have expressed interest in bidding for the whole company or all three clusters.

The State of the Economy report of the central bank said that inflation needs to align with the target by the second quarter of the year and get anchored there to achieve 7% GDP growth in FY25. RBI in its December 2023 policy projected inflation measured by Consumer Price Index to be at 4% in the second quarter FY25.

"Per contra, if monetary policy chooses to neglect a persistent food price shock, inflation expectations become unanchored, leading to generalised inflation," wrote Deputy Governor Michael Patra along with central bank economists Joice John and Asish Thomas George in the RBI's January Bulletin. The views expressed are personal.

ODIs, often loosely called participatory notes, are issued by FPIs (against underlying securities in India) to offshore investors who bet on Indian stocks without registering themselves with the Securities & Exchange Board of India (SEBI).

Shares of HDFC Bank fell nearly 13% in the last two trading sessions. About 17 crore shares changed hands on Wednesday and Thursday compared to an average of 1.2 crore shares traded between January 1 and 16.

The company's December quarter consolidated net profit was up 76.2% to ₹757.5 crore from the previous quarter. Its consolidated revenue from operations was up 26.25% at ₹1,823.6 crore.

The breakout above 1,800 level earlier this week has opened room for UBL stock to head towards 2,000-2,100 levels in the next 2-4 months, suggested experts. The stock continued to move in a range after hitting a high of Rs 1,793 in November 2021. It consolidated in a 500-point range where 1,800 acted as a stiff resistance and on the downside levels above 1300 acted as a support.

At 9:39 a.m. ET, the Dow Jones Industrial Average was down 84.05 points, or 0.23%, at 37,182.62, the S&P 500 was up 17.71 points, or 0.37%, at 4,756.92, and the Nasdaq Composite was up 141.42 points, or 0.95%, at 14,997.04.

Birkenstock warned on Thursday annual earnings would come under pressure as the German footwear maker embarks on a global expansion, disappointing investors with its first results since its IPO and sending shares tumbling as much as 14%.

A top U.S. banking regulator on Thursday called for new liquidity rules to help lenders respond to runs by depositors of the kind that felled Silicon Valley Bank and other mid-size banks last year.

The Dow Jones Industrial Average fell 109.14 points, or 0.29%, at the open to 37,157.81.

The year 2023 has witnessed many milestones such as market capitalisation of listed companies surpassing $4 trillion and SME listed companies crossing the Rs 1 lakh crore mark. The benchmark Nifty50 index has also surpassed the 20,000 level for the first time.

Capital markets regulator Sebi on Thursday sent demand notices to Dheeraj Wadhawan and Kapil Wadhawan, the former promoters of Dewan Housing Finance Corp Ltd (DHFL), asking them to pay Rs 10.6 lakh each in a case concerning flouting of disclosure norms.

Having declined sharply, there is a possibility of a pullback rally in the short term, which is expected to be a ‘sell on rise’ opportunity. Important resistance to be watched at 21,700-21,800 levels.