As India lays the foundation for - Amrit Kaal, the PSU companies in our view would start winning both - hearts and minds of domestic investors, said brokerage LKP Securities. While many of them would have generated positive returns for shareholders over the past two years, their immense potential towards value creation and value migration is yet to unfold going forward, it added. Here are 5 stocks according to the brokerage that can rise over 40% in 3-6 months.

When you try to make a quick buck, you pay a lot of attention to what’s hot and sizzling at the moment. This invariably means flipping your investments every now and then to chase the ongoing trend. But just like fashion, trends keep changing faster than you can keep pace with them and you never settle with your investments.

MACD or Moving average convergence divergence is a momentum indicator. The metric shows the relationship between two moving averages of a security’s price. 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.

The specialty chemical stock hit a 52-week high of Rs 294.85 on 12th September 2022 but it failed to hold on to the momentum. The stock closed at Rs 226 on 10 August 2023 which translates into a fall of 23%.

RSI or the relative strength index computes the ratio of the recent upward traction in the stock price movement relative to its absolute price movement. The RSI value ranges between 0 and 100. Herein the StockEdge data considers the time period of 14 days to compute RSI. Furthermore, apart from determining the likely uptrend or uptrend, RSI also enables an understanding of the stock’s overvalued or oversold state. So, here are 11 stocks which signal a possible uptrend in the near term. Note the data is of the previous trading day i.e. August 11 as today’s data would be updated EoD. (Source: StockEdge). Remember, it is a bullish signal if the RSI has crossed above 50 from below.

Revenue from operations during the first quarter dropped 21% to Rs 1,778 crore, compared with Rs 2,255 crore in the same quarter of last year.

Zee shares have rebounded 58% from a June low, helped a surge last week after India’s company law tribunal approved the deal to create a $10 billion local media giant. Still, it remains more than 40% below a peak it touched after reports of the contentious deal first surfaced in 2019. Stock rose as much as 3.2% on Monday.

Considered the ultimate trend indicator, ADX or Average Directional Index helps quantify signal strength. The tool can be used for any investment vehicle, including stocks, mutual funds, ETFs and derivatives. Here we have collated a list of 7 stocks that are said to be entering a strong trend zone based on ADX. For these stocks, ADX has gone above 40 from below. (Source: StockEdge).

Editor's Take: "China will look attractive but history has told us that nobody made money; the experience has always been poor," Nikunj Dalmia says on China versus rest of the world.

The sharp fall in the net profit was due to muted sales growth and a sharp deterioration in operational performance. Meanwhile, its total expenses for the quarter rose to Rs 7,691 crore from Rs 7,038 crore a year ago.

​​Sebi has told the apex court that it needs time to probe some brokers in the case.

Except for the last three 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 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.

Jhunjhunwala, who passed away following a prolonged illness on this day last year, has left the 'Big Bull' thrown empty even as the Street looks flooded with bulls on almost every nook and corner.

Technically, the stock's day RSI (14) is at 72.9. The RSI below 30 is considered oversold, and above 70 is overbought, Trendlyne data showed. MACD is at 46.9, which is above its center and signal Line, this is a bullish indicator.

One of the unintended beneficiaries of covid was the real estate sector. Liquidity levels saw a sharp rise, which made real estate stocks sitting in dumps since 2008, make a comeback. There are three probable reasons. First financial reason, excess liquidity. Second, all of sudden the need to have a bigger house, which at times can serve as an office also was felt by more people than usual. Third, by this time a number of companies had learnt lessons about what not to do when time is good. The end result, excess inventory of the sector being taken care of and some saving’s once again shifting toward real estate as an asset class.

The gold financing company registered a 27% year-on-year (YoY) growth in its consolidated net profit at Rs 1,045 crore. The standalone profit after tax (PAT) was reported at Rs 975 crore, up 22% YoY.

Technically, the stock's day RSI (14) is at 72.9. The RSI below 30 is considered oversold, and above 70 is overbought, Trendlyne data showed. MACD is at 46.9, which is above its center and signal Line, this is a bullish indicator.

Adani Enterprises fell 5.4%, while Adani Green Energy and Adani Transmission declined over 4% each. Adani Power, Adani Wilmar, and Ambuja Cement also fell nearly 3%.

BofA, which has taken a neutral view on the counter, sees competition as a key downside risk for Nykaa while ICICI Securities downgraded the stock to 'Add' and advocated tighter corporate spend to meet margin expectations.

The Nifty fell for the third week in a row by nearly half a per cent last week amid continued selling by FIIs. Meanwhile, a host of analysts shared their tech views on particular stocks that can rally up to 19% in the short term. These stocks include TV18 Broadcast and Varun Beverages. Here is a list of 4 tech picks from various analysts: Here is a list of 4 tech picks from various analysts:

The mMonsoon performance in early August reflects a gradual improvement compared to the initial stages of the season. The shift from a deficit to a surplus in cumulative rainfall, along with increased Kharif sowing, points to a more stable agricultural landscape.

These BSE smallcap stocks have the highest number of buy ratings and can rally up to 33% in the near term. Take a look: (Source: Trendlyne)

Goldman Sachs said it expected the U.S. Federal Reserve to start cutting interest rates in the second quarter of calendar year 2024 but warned of a significant risk that rates could hold steady if inflation doesn't cool fast enough.

There were 10 stocks that saw the highest selling by mutual funds in value terms to the tune of nearly Rs 32,500 crore in the June quarter, Prime Database data showed.

Motilal Oswal maintained a buy on Apollo Hospitals with a target price of Rs 5700. Apollo Hospitals (APHS) delivered operationally in-line 1QFY24.“We remain positive on APHS due to: a) its sustained healthy growth/ profitability in healthcare services, and b) efforts to achieve breakeven in Healthco during 4QFY24E,” said the note.

Shares of Adani Ports opened over 3% lower after auditing firm Deloitte resigned as its auditor. Deloitte’s resignation comes after it asked Adani Ports to conduct an independent inquiry on related party transactions flagged by Hindenburg. But the company did not agree to take the auditing firm's advice.

Sensex falls over 350 points, Nifty below 19,350; Adani Enterprises, Nykaa tank 4% each; Powergrid, Reliance, Wipro are some of the losers in the morning trade.

The Nifty continued to be in the weak zone. It opened lower, stayed in the negative area and closed the day with a net loss.

Nifty futures on the Gift Nifty traded 29.5 points or 0.15% lower at 19,450, signalling a neagtive start for Dalal Street. Here's a slew of stocks that will be in focus today for various reasons.

The daily trend of Divi’s Laboratories is bullish to sideways. RSI for monthly and daily is showing sideways momentum, and RSI for weekly is showing bullish momentum. Based on option chain analysis, the range is between 3500 and 4000. Let’s plan a trade around this.

In the Nifty500 pack, we have collated a list of 3 stocks that witnessed a 5-year swing high at the close on August 11, 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.

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 BEL and Jubilant Food while Nooresh Merani has a buy/sell recommendation on RIL and Power Grid for today's trading session. Check out the targets and stoploss.

On the weekly front, the maximum Call OI is placed at 19,600 and then towards 19,500 strikes while the maximum Put OI is placed at 19,400 and then towards 19,500 strikes.

A pivotal and immediate demand zone, spanning from 393 to 380, holds considerable significance and is likely to serve as a focal point for potential consolidation. If this range be penetrated, attention would turn to the subsequent support level at 360, which intriguingly aligns with the 200-day moving average (DMA), adding to its potential significance.

Seven stocks with a market cap of over Rs 1000 crore crossed above their 200 DMA (Daily Moving Averages) on August 11, 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.

The Securities Appellate Tribunal did not overturn market regulator Sebi’s order which prohibits both Subhash Chandra Goenka and his son Punit Goenka from holding positions as directors or executives in publicly listed firms. Goenka was originally to helm the merged entity for five years.

Six stocks with a market cap of over Rs 100 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 11.

Shares in the pharma and automotive sectors were among those that fit the bill. Fund managers lapped up pharma given the recent underperformance, lower input prices and attractive valuations. With first-quarter results encouraging, they bought into stocks like Dr Reddy's Laboratories, Aurobindo Pharma, and Suven Pharmaceuticals.

A division bench of the court had on August 2 told the lenders not to declare the winner of the Swiss auction until the next hearing scheduled for this month-end, but refrained from staying the loan sale process on a petition filed by Anil Ambani-promoted Vidarbha Industries, people aware of the court ruling said.

Geopolitics was an added worry after a Russian warship on Sunday fired warning shots at a cargo ship in the southwestern Black Sea, heralding a new stage of the war that could impact on oil and food prices.

"The result season is now coming to an end. Overall the earnings have been in the expected line. In the absence of any major trigger and uncertain global cues, we expect the market to consolidate in the range," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.

BF Investment (BFIL) and Kalyani Investment Company (KICL) have accused Hikal of making "entirely inaccurate and misleading" disclosure to the stock exchanges, and told the exchanges that they are not a party to any family arrangement concerning equity shares held by them in Hikal.

“Price volume surge can be seen in the stock along with RSI turning into the positive trajectory. Data Patterns stock has been making higher lows for the last eight months signifying continued strength which will drive the stock higher. Traders can buy for a target of Rs 2240 in the next 2-3 weeks,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

Stocks like Bajaj Finance, Hero Moto, IndusInd Bank, AB Capital, Bandhan Bank, Oberoi Realty and Shriram Finance can remain under pressure. Investors can start accumulating BPCL and ITC in the fall, said analysts.

Sources aware of Sebi's probe said this would be a final report and that the regulator's investigation was over. While the exact findings could not be ascertained, Sebi has probed, among other things, whether Adani Group manipulated the share prices of its group companies by exploiting loopholes in the minimum public shareholding (MPS) norms, and whether it failed to disclose related-party transactions.

The strong performance of the Indian stock market has boosted Indian billionaires’ wealth. The benchmark Sensex has risen 7.3% since the start of the year. Gautam Adani and Radhakishan Damani are the only ones among the top 15 billionaires to see a wealth decline in the current year.

​The stock has been taking support above the 50-Days Exponential Moving Average on the daily charts. On the monthly charts, it has been making higher lows for the past eight months.

While this backdrop of the current bull run in Indian markets has been widely debated, what remains unknown is the ongoing shift in both domestic and FII flows. It is this topic that we aim to explore and unravel in this column

Benchmark equity indices Sensex and Nifty declined for a second straight day on Friday due to losses in HDFC Bank and ICICI Bank and a negative trend in Asian and European markets. The trend in the domestic market remained weak post the RBI monetary policy and the unexpected announcement of reducing cash in the banking systemThe 30-share BSE Sensex fell by 365.53 points to settle at 65,322.65. During the day, it tanked 413.57 points to 65,274.61. The Nifty declined by 114.80 points to end at 19,428.30“Nifty continues to exhibit a bearish trend as it remains below the 21-day Exponential Moving Average (21EMA). The Relative Strength Index (RSI) is also indicating a bearish crossover. In the short term, there's a possibility that the index might decline towards the 19300 level. On the upside, there's a resistance level situated at 19500,” Rupak De, Senior Technical analyst at LKP Securities, saidHere are stock recommendations for Monday:

The regulator also observed that Manish assured the members of the Whatsapp/Telegram groups that they would get one stock recommendation for free in case anyone suffers a loss on account of a particular stock recommendation