While the nifty corrected last week, even then more mid caps stocks are joining the party. Stocks from sectors like construction, pharma fertilizer have come to the list. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

Consolidated EBITDA for the June quarter rose 44.6% YoY to Rs 21.3 crore. Meanwhile, EBITDA margin came in at 11.3% in the same period. Growth in the margins on both YoY and QoQ basis was on account of a favourable revenue mix and softening of input cost.

Right from supply chain issues during covid to increased raw material prices in the post covid word and now higher inflation. However, after facing all the headwinds, some tailwinds are emerging. Will this bring them back in the list of outperformers once again ?

Its revenue rose to Rs 1,790.90 crore for the first quarter ended June 30, 2023, compared to Rs 1,568.94 crore a year ago. Profit before tax climbed 16.42% to Rs 163 crore in the June 2023 quarter against Rs 140 crore in the June 2022 quarter.

Famous multi-bagger Nifty stock - ITC- which is supposed to undergo a demerger soon, recently saw a fall in the stock after hitting an all-time high on July 24th. The announcement of the ITC demerger turned out to be quite a turndown for the investors as the stock reacted negatively after the demerger news. So what should investors do in this scenario? Watch

Adani Green Energy, which reported a 51% jump in its Q1 profit, was the biggest gainer last month as the stock ended 16% higher in July. The Ahmedabad-based conglomerate's cement units - ACC and Ambuja Cements - also saw an upside of 11% and 9%, respectively.

Following Ujjivan's earnings, several top brokerages recommended a 'Buy' stance on the counter. While Emkay retained its buy rating on for a target price of Rs 58, HDFC Securities has an 'Add' recommendation for a target of Rs 50. ICICI Securities was most bullish in terms of targets and pegged it at Rs 60.

In the case of IT stocks is that while the analysts have “buy” recommendations on a large number of them, however their price targets are clearly either very modest, or in a number of cases analysts are expecting that the valuations of IT stock are still high and there is room for further decline in prices. Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

As per Trendlyne data, the average target price of the stock is Rs 402 which shows a downside of 62% from the current market prices. The consensus recommendation from one analyst for the stock is a Sell.

The stock hit a 52-week high of Rs 131 on 13th January 2023 but failed to hold on to the momentum. It found support above Rs 100 level once in May 2023 and then again in June 2023.

The company's Board has also recommended the issue of bonus shares in the ratio of 1:3. This means, for every three shares investors hold, they will get one additional share. The proposed bonus issue is subject to the approval of the shareholders of the company in the ensuing annual general meeting. The estimated date by which bonus shares will be credited is 25 September 2023.

Nuvama does not see any material impact of the block deal in the near term in the MSCI. In a note, the brokerage further said that the promoter stake sale could slightly result in a weight-up in the next few days in the FTSE index, potentially resulting in an inflow of $5.5mn and 0.9 million shares getting added to the said index.

Foreign institutional investors (FIIs) are those institutional investors who invest in assets belonging to a different country other than that where these organizations are based. According to StockEdge data, here's a list of 10 midcap stocks wherein FIIs increased their stake in Q1:

“Canara Bank has recorded the highest-ever operating profit & net profit with growth of 15%/75% in Q1FY24, driven by higher other income and lower provision. Valuations are attractive and we have a buy rating with a target of 425 (upside of 24% from LTP of Rs 343),” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

Automaker Maruti Suzuki's net profit for the quarter ended June 2023 surged more than 2-fold YoY to Rs 2,485 crore, and was slightly higher than the ET Now poll estimate of Rs 2,444 crore. The revenue from operations rose 22% on year to Rs 32,327 crore and was higher than the estimated Rs 31,778 crore.

Jefferies downgraded GAIL India to underperform with a target price of Rs 105. The June quarter was a weak print with misses in transmission and Petchem compensated by a beat in trading.

Since it is the beginning of the new series, Options data is scattered at various far strikes in the monthly series. On the weekly front, the maximum Call OI is placed at 19800 and then towards 20000 strikes.

From the Sensex pack, NTPC, Tech Mahindra, Tata Motors, Bharti Airtel, and UltraTech Cement opened with gains, while Power Grid, Maruti, Bajaj Finserv, Sun Pharma, HUL and HCL Tech opened with cuts.

With Nifty ending the last 3 August months on a positive note, the overall trend has been more bullish than bearish as there have been 7 winning instances in 12 years.

The Nifty was busy today. It opened flat, fell and then jumped to close the day with some gains.

Opening Bell: Sensex starts on positive note, Nifty holds 19,750; Suzlon jumps 5%, Power Grid drops 4%.

In the Nifty50 pack, we have collated a list of 4 stocks that witnessed a 5-year swing high at the close on July 31, 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 Tata Steel and BEL, while Nooresh Merani has a buy/sell recommendation on SBI and NMDC for today's trading session. Check out the targets and stoploss.

In the Nifty500 pack, 8 stocks crossed above their 200 DMA (Daily Moving Averages) on July 31, 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.

Bets on the Federal Reserve calling it a day on its interest rate hiking cycle have been a key driver of buying for weeks as inflation continues to drop while the economy remains robust.

Stocks that were in focus include names like Nazara Tech, which rose 4.66%, Ujjivan SFB, which gained 8.92%, and SBI Card, whose shares fell 0.14% on Monday.

KFin Technologies among 4 stocks signalling bearish reversal on candlestick scan

Four 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 July 31.

Nifty futures traded 4.5 points, or 0.02 per cent, higher at 19,890.50, signaling that Dalal Street was headed for a muted start on Tuesday. Here's a slew of stocks that will be in focus today for various reasons.

The tech-heavy Nasdaq led Wall Street higher last week as megacap growth companies such as Alphabet, Meta Platforms as well as chipmakers Intel and Lam Research posted strong quarterly earnings.

“PNB reported ~300% yoy earnings growth (low base), driven by ~10% growth in operating profit. We retain a buy rating, with a target of Rs78 (25% upside from Rs 62), valuing the bank at 0.8X BVPS (adjusted) and 6X June 2025 EPS,” Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities, said.

Power Grid's consolidated net profit fell 5% to Rs 3,597 crore in the first quarter. The company's Board has also recommended the issue of bonus shares in the ratio of 1:3.

Companies are struggling to prepare themselves for the new regulations, some of which are in place while others will take effect in the next few months, executives said. The new rules include confirmation or denial of market rumours, disclosing business contracts to family settlements, matters concerning senior employees, new environmental, social and governance regulations, communicating actions taken by any authorities, the companies say.

The ₹3.7-lakh-crore bank, among the four large lenders that make up India's top fifteen companies by market capitalisation, also denied a report that the RBI had directed it to reduce its stake in insurance ventures.

Although the broad contours of a restructuring plan have been agreed upon, its implementation hinges on approval from individual lenders as well as the National Company Law Appellate Tribunal (NCLAT), people familiar with the matter said.

Company performance allays fears of the execution risk of consistent compounding, competition, and ability to maintain margins

In aggregate terms, bank loans advanced 16.3% in June. Retail loans climbed more than a fifth on year, supported mainly by home and vehicle loans, the latest central bank data showed. Bank loans to non-bank lenders climbed, and so did the disbursements to large companies.

Apple is the biggest component of the Nasdaq 100, comprising nearly 12% of the index weight. The stock has risen about 1% in July and is poised to close out a seventh straight positive month.

The PSU banking stock recorded a breakout from the swing high of Rs 62.05 recorded on December 15, 2022, earlier in July. Post the breakout on July 19, the stock is undergoing some profit booking. Long-term investors can use dips to buy into the stock for a period of 12 months where the stock may surpass 70 levels amid strong earnings growth, suggest experts.

Investors await quarterly reports from Apple, Amazon.com and AMD later this week, while July ISM Manufacturing reading and three sets of employment data, including July's non-farm payrolls, are also in focus.

Investors await quarterly reports from Apple, Amazon.com and AMD later this week, while July ISM Manufacturing reading and three sets of employment data, including July's non-farm payrolls, are also in focus.

The deal, worth up to $142 million, includes delivery of vertical takeoff and landing (eVTOL) aircraft, pilot training, development of maintenance and repair operations, and share data such as additional flight test and certification-related test reports.

Shareholders, who are represented on board, have committed to subscribe 184 million pounds, of which 115 million pounds worth of shares will be bought by Yew Tree Overseas, Public Investment Fund, Geely International (Hong Kong) and Mercedes-Benz AG.

The bonus equity shares will be issued out of the securities premium account, as on June 26. A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors.

The Securities and Exchange Board of India (SEBI) has imposed fines of INR2m ($27,441) on two former Dewan Housing Finance Corp promoters for violating disclosure norms. The SEBI imposed a penalty of INR1m each on Kapil Wadhawan and Dheeraj Wadhawan for failing to disclose full details about a transaction involving shares held by the company.

The Group's valuation hit Rs 50,000 crore in February 2020. This shows 2x growth in market capitalisation in the past three years - driven by robust financial performance, sustained growth trajectory and expansions in business and new geographies, market insiders believed

LIC MF had an AUM of Rs 18,400 crore and IDBI MF had Rs 3,650 crore as of June. After completion of the merger, out of 20 schemes of IDBI MF, 10 schemes will be merged with similar schemes of LIC MF and the remaining 10 will be taken over by LIC MF on standalone basis, which will take its total scheme count to 38

Indian equities broke a two-day losing streak and ended higher, led by gains in the heavyweight counter Reliance Industries. Nifty gained 0.55% or 108 points to settle at 19,754, while Sensex advanced 367 points or 0.56% to 66,527. Sector-wise, only FMCG and healthcare indices ended in the red, while all other indices saw gains, with the metal pack topping the list"As far as levels are concerned, 19600 is likely to act as a cushion, while the pivotal zone of 19500, coinciding with the 20 DEMA, is expected to act as sacrosanct support. On the higher end, a cluster of resistances can be seen around 19800 - 20000 in the comparable period," said Osho Krishan, Sr. Analyst, Technical & Derivative Research, Angel OneHere are the stock recommendations for Tuesday:

Capgemini (CAP) retained its guidance of 4-7% YoY CC growth for CY23, but now expects full-year growth at midpoint vs the above-midpoint expectation in the previous quarter. Here are 5 key takeaways from its performance for the Indian IT sector. (Source: ICICI Sec)

Dow rises 7 points, S&P 500 opens higher by 3 points while Nasdaq gains 21 points at the opening bell