Kacholia offloaded 1.8 lakh shares of SJS Enterprises for Rs 640 apiece in a bulk deal.

ETMarkets conducted an analysis of companies listed in the BSE Smallcap index that have achieved a Return on Equity (RoE) of over 30% in each of the past three fiscal years (FY21-2023). To delve even deeper, we specifically focused on stocks that have doubled their investors' wealth in the last three-year timeframe. This rigorous test resulted in the identification of six prominent smallcap stocks that met these requirements. (Data source: ACE Equity). ROE is a crucial financial metric that indicates a company's profitability and its efficiency in generating profits from the equity invested in it. This measure is derived by dividing a company's net income by its shareholders' equity. A higher ROE signifies that a company is adept at converting its equity financing into profits. According to Trendlyne data, the majority of stocks in the list exhibit more strengths than weaknesses as observed in the SWOT analysis.

It might surprise many, for a company which intends to supply selected raw materials to a tyre company, it might take anywhere two to three years to get approvals in testing and another process before it is able to sell its product to that particular tyre maker. But then once approved, the relationship between them remains forever, until rocked by something major. Similarly, many companies which supply only to large industries have its own advantages.

Even though Jio Financial is part of the Nifty50 and Sensex, the stock will trade in the “trade-for-trade” segment in the first 10 trading days. Therefore, it will trade in upper and lower circuit limits of 5%. This is unlike other index stocks, which do not have circuit breakers as they trade in the derivatives segment.

Jefferies has increased its weight on the financials from an earlier 25.9 to 31 with an 'Overweight' stance. Its top pick remains ICICI Bank followed by Axis Bank and IndusInd Bank for respective targets of Rs 1,240, Rs 1,200 and Rs 1,750. Other picks include ICICI Prudential Life Insurance Company, Bajaj Finance, Cholamandalam Finance, SBI Cards and Payment Services.

FPIs have turned big-time buyers of Indian stocks over the past few months, barring August when the sentiment has tampered a bit. Despite this, they own stocks worth billions of dollars on D-Street, thus swaying the market mood. Here's a look at the sectors wherein their AUM is the highest. (Source: I-Sec)

Except for the last four weeks in which nifty witnessed some cuts which can be called as consolidation, nifty and sensex have been under the control of bulls. During this period, some stocks have witnessed consistent improvement in their scores. The stocks from sectors like banks, sugar, metal and microfinance have come to the list. 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.

The auto, O&G, and banks (private and PSU) are expected to be the key growth drivers with 77%, 56%, and 30% YoY earnings growth, respectively, and are likely to contribute 71% to earnings growth.

The company said it has fully recovered this corporate NPA, constituting about 1.3% of the loan asset as of June 30, 2023. The resolution of this account was achieved on August 19, 2023, by selling the loan to an asset reconstruction company under the Swiss Challenge method under RBI's rules.

​​Today's listing price was near the exchange-derived price of Rs 261.85 apiece on July 20. The listing date turned out to be sooner than what was being earlier expected in September.

Meanwhile, Worldwide Emerging Market Holding, part of the promoter group, offloaded a 1.2% stake. Another promoter entity Afro Asia Trade and Investments sold its entire stake in the deal. The promoter group entities together sold about 8.1% stake in Adani Power, bulk deals data further showed.

The private banking stock has been making lower lows for the past 4 weeks on the weekly charts and experts are of the view that there is room for further downside amid weakness seen in the banking space.

While the listing of Jio Financial is done, investors will be keen to know the game plan for the company in the fast growing financial services industry in the upcoming AGM.

Shares of Jio Financial Services, which got demerged from incubator Reliance Industries, on Monday got listed on BSE at a share price of Rs 265. On NSE, the listing price was Rs 262. "Jio Financial Services will provide growth momentum which India has not seen," the company's chairperson KV Kamath says ahead of listing.

Technically, the stock's day RSI (14) is at 50.8. The RSI below 30 is considered oversold, and above 70 is overbought, Trendlyne data showed. MACD is at 13.4, which is above its Center Line, but below the signal line.

“I believe that manufacturing in India is at the cusp of a significant disruption. It's not just about countering China or adopting the China plus one strategy. I think the next wave of startups is going to come from tier 2, tier 3 cities - what I call the ‘Dhoni moment’,” Vignesh Shankar, Founder and Managing Partner at artha99, said.

Shares of Jio Financial Services, which got demerged from incubator Reliance Industries, on Monday got listed on BSE at a share price of Rs 265. On NSE, the listing price was Rs 262.

The recruitment profitability is near peak, and the growth is likely to moderate. Other verticals have a long road to profitability. Write-offs in investee companies' portfolios.

From the Sensex pack, Power Grid, JSW Steel, Tata Steel, NTPC, and Wipro opened with gains, while M&M, Bajaj, Finserv, Reliance Industries, and Maruti opened with cuts.

On the weekly options front, the maximum Call OI is placed at 19400 and then towards 19500 strikes while the maximum Put OI is placed at 19300 and then towards 19200 strikes.

Sensex rises 100 points, reclaims 65K; Nifty holds 19,300; PNB Housing jumps 8%, Adani Enterprises 2%; Power grid, JSW Steel, Reliance are some of the gainers in the morning trade.

GQG Partners recently raised bets in two non-Adani companies in July and August and invested around Rs 3,382 crore for acquiring stakes in JSW Energy, and Patanjali Foods, aside from buying additional stakes in Adani Ports and Adani Power.

The latest inflation print in the U.S. and Federal Reserve minutes reversed the belief that we are pretty much at the peak of the interest rate cycle. That seems to put on hold further inflows from coming.

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 Bharat Forge and Dixon Tech while Nooresh Merani has a buy/sell recommendation on HDFC Bank and Indian Hotels for today's trading session. Check out the targets and stoploss.

The 30-share BSE benchmark Sensex fell 202 points or 0.31% to settle at 64,948 while the broader NSE Nifty shed 55 points or 0.28% to end at 19,310. Here's a slew of stocks that will be in focus today for various reasons.

Six stocks with a market cap of over Rs 10,000 crore witnessed a 5-year swing high at the close on August 18, 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 F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.

In the midst of consolidation, the Nifty opened weak but managed to push into the gain zone. But it ended the day with a net loss.

Eight stocks with a market cap of over Rs 1,000 crore crossed above their 200 DMA (Daily Moving Averages) on August 18, 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.

Ambuja Cements’s daily trend is sideways. RSI for monthly, weekly and daily are showing sideways momentum. Based on option chain analysis, the range is between 420 and 500. Let’s plan a trade around this.

Five 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 August 18.

On the longer time frame, the counter witnessed a breakout of trend-line resistance at around Rs 2450 levels on the daily chart. It retested near its breakout levels and started a new leg of the rally towards Rs 2600. The structure of the counter is good for long-term investors, as it is trading above all the important moving averages.

Domestic markets await the listing of Jio Financial Services today. The company, part of Mukesh Ambani-led conglomerate Reliance Industries, was valued at around $20 billion after the stock price was set a higher-than-expected 261.85 rupees in its demerger. ET Now's Nikunj Dalmia explains the factors at play. Listen in!

Domestic markets await the listing of Jio Financial Services today. The company, part of Mukesh Ambani-led conglomerate Reliance Industries, was valued at around $20 billion after the stock price was set a higher-than-expected 261.85 rupees in its demerger. Jio Financial will be removed from Nifty and Sensex after the end of the third day of listing on Aug. 24.

On both BSE and NSE, the stock with the symbol of JIOFIN will trade in the T Group segment for the first 10 days. The upper and lower circuit limit would be restricted to 5% which will restrict any major movement in the debutant.

Disappointment at the meagre move saw Chinese blue chips ease 0.3%, while the Australian dollar took a dip as a liquid proxy for China risk. Investors have been hoping for a repeat of the massive fiscal spending that has juiced the economy in the past, but Beijing seems reluctant to add to its borrowing tasks.

Economists are slashing their Chinese GDP growth forecasts and many doubt Beijing will meet its 2023 goal of 5.0%. Deflation, slumping trade activity and an imploding property sector are the familiar and increasingly serious risks.

On both BSE and NSE, the stock with the symbol of JIOFIN will trade in the T Group segment for the first 10 days. The upper and lower circuit limit would be restricted to 5% which will restrict any major movement in the debutant.

"Mazagon Dock Shipbuilders stock has been consistently on the move for the last three months and still showing resilient strength. It turned from 1700 zones which is near its key retracement level which also confirms the buying at support zones. Traders can buy for a target of Rs 2075 in the next 2-3 weeks," Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

Marquee investor Ashish Kacholia sold part of his stake in aesthetic solutions provider SJS Enterprises for Rs 11.6 crore through the open market on Friday.

The Murugappa family has reached a Memorandum of Understanding to settle their disputes and differences following the demise of M V Murugappan. Terms of the arrangement remain confidential. The family members’ representatives have said that the agreement ensures all issues will be settled and harmony in the family will continue in future generations.

In a previous interaction with ET in April, Kamath had estimated a 30-40% dip in the company’s overall revenue in 2023-24 as account openings were down 50-60% from all-time highs.

According to the recommendations of a consultation paper, which are soon expected to be transformed into regulations by the Securities and Exchange Board of India (Sebi), a foreign portfolio investor (FPI) which deploys 50% or more of its money in the stocks of a single corporate group will have to reveal the ultimate beneficial owners (UBOs) - down to the last natural persons - behind every investor in the fund pool.

Recoveries for all large banks were lower than a year ago and down from what they were in March. For example, State Bank of India’s (SBI) recoveries and upgrades were at Rs 3,607 crore in June 2023 down from Rs 5,208 crore a year ago and Rs 4,200 crore reported in March 2023. The trend is the same for Punjab National Bank (PNB), Bank of Baroda (BoB), ICICI Bank, HDFC Bank and Axis Bank.

Bonds and stocks from developing economies are poised for their worst monthly losses since last September after Nigeria's central bank revealed it has less reserves than estimated, an outsider won primaries in Argentina and a presidential candidate was assassinated in Ecuador.

​Till Nifty holds below 19,420 zone, overall weakness could be seen towards 19,100 and 18,888 zones, whereas the hurdles are placed at 19,420 and then 19,560 zones.

The US central bank just published minutes of its July policy meeting, and the record showed that, at the time, most Fed officials saw significant upside risk to inflation, which in turn may require even more tightening.

The shipbuilding stock trades with a market capitalization of more than Rs 37,000 cr on the BSE with a P/E of 33x and an Earnings Per Share (EPS) of Rs 56, BSE data showed. The momentum has slowed down in the past 1 month, but as long as the stock holds on to 1700-1900 levels, bulls should be able to make a comeback, suggest experts.

As part of a special price discovery session held on the record date of July 20, the new stock's pre-listing price came out to be Rs 261.85 per share, which was much higher than the brokerage estimate of around Rs 190 and RIL's cost of acquisition of Rs 133. Shares of the NBFC were credited to demat accounts of eligible RIL shareholders last week in 1:1 ratio, which means that for every RIL share held as on the record date of July 20, shareholders got one share of JFSL.

As part of a special price discovery session held on the record date of July 20, the new stock's pre-listing price came out to be Rs 261.85 per share, which was much higher than the brokerage estimate of around Rs 190 and RIL's cost of acquisition of Rs 133. Shares of the NBFC were credited to demat accounts of eligible RIL shareholders last week in 1:1 ratio, which means that for every RIL share held as on the record date of July 20, shareholders got one share of JFSL.