The food delivery platform reported a consolidated net profit of Rs 2 crore for the quarter ended June 2023 against a loss of Rs 186 crore in the corresponding quarter of the last financial year. The company reported a loss of Rs 189 crore in the quarter ended March.

A foreign institutional investor (FII) is a person or company that invests in a country other than the one where it is registered or has its headquarters. According to StockEdge data, here's a list of 10 smallcap stocks wherein FIIs raised their stake in Q1:

Among Sensex stocks, Tata Steel, IndusInd Bank, JSW Steel, L&T, Asian Paints, Bajaj Finance, and Titan opened with gains, while only Power Grid, Sun Pharma, Bharti Airtel, and Kotak Bank opened with losses. Shares of online food delivery aggregator Zomato opened 10% higher and hit a new 52-week high after the food delivery platform turned profitable with Rs 2 crore-PAT in Q1 FY24.

"TD Power Systems (TDPS) is one of the leading manufacturers of AC generators. We believe that Revenue/EBITDA/PAT is expected to grow at a CAGR of 20%/28%/26% respectively over FY23-25E. We have a 'buy' rating on this stock with a target price of Rs312," Narendra Solanki, Head Fundamental Research - Investment Services, Anand Rathi Shares and Stock Brokers, said.

After shedding 4% in the March quarter and testing the lowest level since September 2022, the benchmark Nifty50 rebounded sharply and surged more than 10% in the June quarter. In fact, from the March lows, the index is up about 19%, thanks to the continued inflows from FPIs.

The telecom major recorded its highest-ever post-paid subscriber gains. There is substantial growth seen in the home broadband and Airtel enterprise businesses.

In the Nifty500 pack, 5 stocks crossed above their 200 DMA (Daily Moving Averages) on August 3, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders to determine a particular stock's overall trend. 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.

Among Sensex stocks, Tata Steel, IndusInd Bank, JSW Steel, L&T, Asian Paints, Bajaj Finance, and Titan opened with gains, while only Power Grid, Sun Pharma, Bharti Airtel, and Kotak Bank opened with losses. Shares of online food delivery aggregator Zomato opened 10% higher and hit a new 52-week high after the food delivery platform turned profitable with Rs 2 crore-PAT in Q1 FY24.

Sensex rises 200 points, Nifty tops 19,450; Zomato jumps 6%, Eicher Motors 2%; Tata steel, Indusind Bank, L&T are some of the gainers in the morning trade.

BHEL’s daily trend is bullish to sideways. RSI for monthly, weekly and daily is showing bullish momentum. Based on option chain analysis, the range is between 100 and 105. Let’s plan a trade around this.

Wipro CEO Thierry Delaporte took home a remuneration of $10 million or Rs 82.2 crore during FY23. Delaporte is also the highest-paid CEO among his IT peers in FY23. During FY23, the shares of Wipro fell nearly 38%, while it saw its PAT dip by 7% during the same period.

Nifty had a weak opening and stayed within a range. Its attempt to add some fizz towards the close failed to take root.

GIFT Nifty on the NSE IX traded 45.5 points, or 0.23 per cent, higher at 19,497, signaling that Dalal Street was headed for positive start on Friday. Here's a slew of stocks that will be in focus today for various reasons.

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 Bajaj Finserv and Voltas while Nooresh Merani has a buy/sell recommendation on ONGC and Kotak Bank for today's trading session. Check out the targets and stoploss.

The texture suggests a strong possibility of a fresh uptrend rally from the current levels. For the positional traders now, 2390 is a crucial support zone, if it holds that level then it could rally till 2550 or 50-day SMA. Further upside may also continue which could lift the stock till 2610.

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

On the weekly options front, the maximum Call OI is placed at 19,500 and then towards 19,700 strikes while the maximum Put OI is placed at 19,400 and then towards 195,00 strikes.

The texture suggests a strong possibility of a fresh uptrend rally from the current levels. For the positional traders now, 2390 is a crucial support zone, if it holds that level then it could rally till 2550 or 50-day SMA. Further upside may also continue which could lift the stock till 2610.

In the Nifty500 pack, four 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 August 3.

In the Nifty500 pack, 5 stocks crossed above their 200 DMA (Daily Moving Averages) on August 3, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders to determine a particular stock's overall trend. 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.

India's Commerce Minister Piyush Goyal met senior U.S.-based Tesla executives last week in a closed-door meeting to discuss the carmaker's plans to establish a manufacturing plant in the country, two people with direct knowledge of the matter told Reuters.

Asian equities face challenging trading conditions on Friday," said market analyst Anderson Alves at ActivTrades, pointing to a risk-off environment after Fitch downgraded its rating of U.S. government by one notch earlier in the week.

The benchmark U.S. 10-year Treasury yield rose as high as 4.198% during the session, the highest since November, extending its climb from a day earlier following Fitch's downgrade of the top-tier U.S. credit rating. In late afternoon trade, the 10-year yield had dipped below 4.194.

The benchmark U.S. 10-year Treasury yield rose as high as 4.198% during the session, the highest since November, extending its climb from a day earlier following Fitch's downgrade of the top-tier U.S. credit rating. In late afternoon trade, the 10-year yield had dipped below 4.194.

Airtel's consolidated net profit was flat at Rs 1,612 crore, hit by an exceptional loss due to Nigerian currency devaluation.

“Indian Hotel stock is coming out of its long consolidation on the weekly frame and pacing up for a good upside move. The base of the stock is gradually shifting higher on a month-on-month basis and has been holding well above its 50 DEMA. Buy for a target of Rs 420 in the next 2-3 weeks,” Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.

Option data suggests a broader trading range in between 19000 to 20000 zones while an immediate trading range in between 19200 to 19600 zones.

ET had reported on July 25 that Adani Group's Ambuja Cements-ACC and JK Lakshmi Cement were leading the race to acquire the Ahmedabad-based cement maker.

The hedge fund is inducting at least four new independent and nominee directors in the test-prep subsidiary of Byju’s parent Think & Learn, said people in the know.

Non-binding bid likely next week for 33.4% stake, will trigger open offer for 26% more. At current mkt value deal size could be over $6 bn making it the largest PE buyout in the country

The principal bench of the National Company Law Appellate Tribunal (NCLAT) is reviewing an order by a lower court that had dismissed a plea by the Central Bank of India to commence bankruptcy proceedings against Kolkata-based Simplex Infrastructures.

ET Intelligence Group: InterGlobe Aviation's decision to expand its presence on international routes is timely considering the rising competition in the domestic market where it already controls over 60% share. Given the factors such as network expansion, capacity deployment, and a possible benefit of tax loss, analysts have raised the earnings per share (EPS) forecast for FY25 by as much as 38% (Emkay).

Bankers say the cost of funds will continue to be on the rise for a few quarters till the entire deposit repricing cost is factored in. India's largest private lender HDFC Bank has seen the cost of funds rise nearly 100 basis points as compared with last year. For the lender, the cost of funds stood at 4% at the end of the June quarter versus 3.1% in the same period last year.

The next major support for the Nifty is at 19,161, which is the 50-Day Exponential Moving Average for the index, said Ashwin Ramani, derivatives & technical analyst at Samco Securities.

"With GDP per capita only $2.5k per capita (vs. $12.7k for China) and positive demographic trends, India is arguably at the start of a long wave boom at the same time as China may be ending one," said Morgan Stanley's equity strategists, including Jonathan F Garner, in a note to clients.

Indian Hotels has a market capitalization of more than Rs 56,000 crore on the BSE and trades at a trailing P/E multiple of 63.67 and earnings per share (EPS) of 6.2, BSE data showed. The stock has remained flat on a monthly basis, but has rallied by over 10% in the last 3 months. It has been facing stiff resistance around the Rs 400 levels.

Temasek will take up to a 3% stake in the company, which last year raised up to $250 million from British International Investments (BII) at a valuation of as much as $9.1 billion. The automaker is aggressively trying to lift the share of its electric SUVs in a market that is dominated by larger rival Tata Motors, as the government pushes to grow EV sales to 30% by 2030 from less than 2% on Thursday

The acquisition will be fully funded through internal accruals, said a statement from Ambuja Cements. Besides, it would make an offer to acquire another 26% or 6.71 crore equity shares from SIL's public shareholders

His remarks come just over a week after the Fed raised its benchmark short-term interest rate by a quarter percentage point to a range of 5.25% to 5.50%, the 11th increase in an aggressive policy tightening campaign it kicked off in March 2022.

Richmond Federal Reserve President Thomas Barkin said on Thursday US inflation remained too high, although recent readings indicated an easing of price pressures.

Amid caution in global equities after Fitch downgraded the United States' credit rating, Indian equity markets closed in the red on Thursday with BSE Sensex declining 542 points or 0.82%, while its NSE counterpart Nifty50 closed below the 19,400 level."Breaking below the support of 19500, Nifty remained weak for the straight third session. The appearance of multiple bearish candles ensures a shift of range on the downside, 19600 to act as hurdle zone and sustenance below for the same is likely to drag the index till 19250 zone," Amit Trivedi, Technical Analyst - Institutional Equities, Yes Securities said.Here are 6 stock recommendations for Friday:

Global brokerage firm Morgan Stanley (MS) upgraded India’s status to overweight, observing a ‘long wave boom’ in its economy. Here’s how the brokerage has reshuffled other countries in its list

The capital markets regulator said in a notification that the "issuance of observations (has been) kept in abeyance." It did not provide further details. NSDL last month filed its draft red herring prospectus with the Sebi for an IPO which is entirely an offer for sale (OFS) of 57,260,001 shares by existing investors such as IDBI Bank, NSE, SBI, HDFC Bank and Union Bank of India

According to the bulk deals data available with the exchanges, Twin Star has offloaded 15.4 crore shares in the company. The transaction was done at a weighted average price of Rs 258, which is at 5% discount to Wednesday's closing price

India's capital markets regulator, Sebi, has approved Offer For Sale (OFS) for private-listed Infrastructure Investment Trusts (InvITs) through a stock exchange mechanism. InvITs offer investors opportunities to invest in infrastructure projects and provide risks diversification through pooling arrangements.

In a statement, it said Vedanta Resources' weakened access to cash flow from its operating subsidiaries at a time of challenging external financing conditions has raised its refinancing risk.

During Thursday's trading session, the benchmark index Sensex witnessed a significant decline, shedding approximately 542 points and settling at 65,240. Notwithstanding this notable market downturn, 7 stocks listed on the BSE financial services index achieved fresh peaks in the previous 52 weeks. The 52-week high serves as a crucial technical gauge for assessing a stock's present worth and for anticipating potential shifts in its price. This figure signifies the maximum price at which a stock has been transacted throughout the past year.

Dow falls 88 points, S&P 500 starts lower by 19 points and the Nasdaq Composite drops 74 points at the opening bell

The airline plans to add six more international locations in the current year. In the coming quarters, domestic competition is likely to intensify as SpiceJet (fund infusion), Jet Airways (revival), Akasa and Air India are either adding capacity aggressively or starting operations anew.

Rating agency Fitch on Tuesday downgraded the US government's top credit rating by a notch to 'AA+', citing expected fiscal deterioration and rising debt burden. The downgrade sent jitters across global markets as investors assessed the impact of the move. When a country's debt-to-GDP ratio increases, it becomes harder for it to repay debt, leading to a lower credit rating, higher borrowing costs, and added pressure on the currency.Here are 9 countries with AAA credit ratings. (Data Source: Reuters | TOI)