M&M, Bank of Baroda, and 8 other BSE100 index stock hit 52-week high - over 1 year ago
Stocks listed in the BSE 100 Index, including Bank of Baroda, BPCL, Dr Reddy's Labs, HDFC Life Insurance, HUL, IndiGo, IOC, Larsen & Toubro, Lupin, and M&M, hit new 52-week highs, showing investor confidence and market leadership. The data accessed at 1.10 pm is subject to real-time updates, and individual reports may differ.
Economic Times

Sebi to auction two properties of Swar Agrotech on Aug 7 - over 1 year ago
Interested candidates can inspect the properties during July 17-21, Sebi said, adding that bidders should make their independent inquiries regarding the encumbrances, title of properties put on auction, and claims, among others, before submitting their bids.
Economic Times

Chart Check: Down 40% from highs, this specialty chemical stock in bear grip; time to sell? - over 1 year ago
The stock also closed below the lower Bollinger Band on the daily charts, which suggests weakness. Traders should avoid catching the falling knife and look to sell the stock for a downside target between Rs 300-400, suggest experts.
Economic Times

Nifty Financial Services index stocks with upside potential of up to 20% - over 1 year ago
In the last many months when IT stocks came under pressure it was financial service stocks including banks which have been able to help the nifty recover. In fact after auto it has been the financial services stocks which has led to nifty touch new highs. On days when global markets are under pressure and the nifty is showing signs of out performance. A number of times this up move is led by financial service and bank stocks. We take a look at what analysts are saying for select financial service stocks.
Economic Times

Japan's Nikkei slumps for fourth straight session on Fed tightening concerns - over 1 year ago
The Nikkei has fallen 2.41% this week, after closing at a 33-year high on Monday. Since mid-March, it has rallied nearly 27%. After the rally of the past three months, I think many investors are selling to take profits," said Kenji Abe, a strategist at Daiwa Securities.
Economic Times

IdeaForge's stellar market debut with 94% listing pop, what next on radar? - over 1 year ago
Party time for those who have invested in initial public offerings of IdeaForge Technology, as the company on Friday made its stock market debut with a sharp premium over its issue price. It listed on the stock markets at Rs 1,305 against its issue price of about Rs 672, thus accumulating 94 per cent listing gains for the investors. IdeaForge Techology, a startup incorporated in 2007, is into drone manufacturing. Here is what Founder, CEO, Ankit Mehta, and CFO, Vipul Joshi had to say about IdeaForge.
Economic Times

Sobha shares rise over 4% after strong Q1 business update - over 1 year ago
As per Trendlyne data, the average target price of Sobha stock is Rs 778, which shows an upside potential of 36% from the current market prices. The consensus recommendation from 15 analysts for the stock is a 'Buy'.
Economic Times

Policy push successful; 5 stocks from sugar industry with upside potential of up to 41% - over 1 year ago
While the spike in global sugar price is a recent phenomena and has brought focus on the sugar stocks, the Indian sugar sector has gone through a transformation. Many may not know that the first attempt to mix ethanol with other fuels and achieve the twin objective of reducing oil import bill and helping industry was made even in the year 2001 but it did not succeed. As the underlying macro changes sugar companies are making a comeback on the analyst and some of them have seen more domestic institutional investor participation.
Economic Times

Praj Industries shares jump 8% on formation of JV with Indian Oil for biofuels production - over 1 year ago
Various biofuels covered under this MoU include Sustainable Aviation Fuel (SAF), Ethanol, Compressed Bio-Gas (CBG), Biodiesel and Bio-bitumen among others, the company said in an exchange filing.
Economic Times

Two logistic player for short term gain of 4% and a short term option strategy in PSU major - over 1 year ago
Logistic player witnessing a breakout and option strategy with a bullish bias.
Economic Times

After near multibagger returns on debut, time to book profits in ideaForge? - over 1 year ago
While there is no doubt that this was a great opportunity for investors, and it has delivered some surprising returns, we would recommend that investors should book profits and exit their positions," said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart.
Economic Times

$5 billion-bet! FIIs chased these 7 sectors in June; will dollar-shower continue on D-Street? - over 1 year ago
The Nifty Auto index has rallied more than 3000 points in four months and scaled a record high of 15,471 points on Thursday. The sector has seen foreign inflows for six months in a row till June.
Economic Times

Titan shares rally over 3% to fresh record high. What's behind the glitter? - over 1 year ago
In a regulatory filing, after market hours on Thursday, Titan said it recorded revenue growth of 20% year-on-year (YoY) for Q1 with all key consumer businesses exhibiting double-digit growth in the June quarter.
Economic Times

Two logistic player for short term gain of 4 % and a short term option strategy in PSU major - over 1 year ago
Logistic player witnessing a breakout and option strategy with a bullish bias.
Economic Times

Sensex loses 200 points, Nifty below 19,500; Titan rises 3% - over 1 year ago
Sensex falls 200 pts, Nifty below 19,500; Titan rises 3%, Ashok Leyland drops 2%; Indian Oil Corporation, Tata Power, SJVN are some of the gainers in the morning trade.
Economic Times

Hot Stocks: Brokerage view on Allcargo Logistics, Dabur, RIL, Tech Mahindra and Titan Company - over 1 year ago
There is improvement in demand trends, topline growth, and gross margins. Easing inflation is likely to expand margins after 1000 nine quarters decline. The management is optimistic about the outlook.
Economic Times

Stocks to buy today: Bandhan Bank, HUL among top 9 trading ideas for 7 July 2023 - over 1 year ago
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 19400 and then towards 19,500 strikes.
Economic Times

Bumper listing! ideaForge nearly doubles IPO investor wealth with 94% gain - over 1 year ago
IdeaForge, India's leading drone maker, made a bumper listing in its stock debut, skyrocketing 94.21% to Rs 1,305.10 per share on BSE, while it debuted at Rs 1,300 on NSE. Despite expensive valuations, the drone maker attracted strong responses to its IPO offer, with subscription levels reaching 106 times at close. The company aims to utilise the proceeds from its fresh issuance mainly for working capital requirements and product development, among others.
Economic Times

​Aggressive New Long positions on 10 smallcaps suggest uptrend​ - over 1 year ago
The Futures Long Position Scan performed on Thursday revealed Aggressive New Long positions on 10 smallcap counters. This indicates a bullish sentiment in the market, as the average traded and delivered quantity for 5 days, the cumulative open interest, and the price of the stocks have increased. (Source: StockEdge)
Economic Times

D-Street bulls on backfoot as US jobs data fuels Fed rate hike bets - over 1 year ago
"Higher treasury yields weighed on the tech sector, with Nasdaq receiving fresh drubbing. Also, escalating US-China tensions, and rising recession fears as Chinese data showing industrial activity weakened in June could dent market sentiment. Technically, Nifty may face a hurdle at the 195,77 mark, while any further escalation could push the index towards the 19,900-20,000 zone," said Prashanth Tapse of Mehta Equities.
Economic Times

One-way street! As Nifty defies gravity, equity investors risk turbulence - over 1 year ago
While the headline valuation may not look very expensive, it could be misleading due to the large contribution of banks to overall profits of Nifty. A sectoral break-up of net profits of Nifty50 index across shows that the contribution of banks has gone up from 21% in 2022 to 27% in 2023.
Economic Times

At multi-year highs: M&M and 6 other stocks witness 5-year swing high breakout - over 1 year ago
In the Nifty200 pack, we have collated a list of seven stocks that witnessed a 5-year swing high at the close on July 6, 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.
Economic Times

Golden Crossovers: Hindustan Copper among 8 stocks signalling further bullishness - over 1 year ago
In the NSE list of stocks, eight 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 06.
Economic Times

Positive Breakout: Cipla & 8 other stocks cross their 200 DMAs - over 1 year ago
In the Nifty500 pack, nine stocks crossed above their 200 DMAs (Daily Moving Averages) on July 6, 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 in an overall uptrend. Take a look:
Economic Times

4 stocks that signal bearish reversal on candlestick screener - over 1 year ago
Using the candlestick scanner, one can identify stocks where the bulls are currently ruling the roost, nonetheless the bears are quietly making a move. So, here are 4 leading stocks that established Bearish Harami Cross in trade on July 6, 2023. This pattern is indicative of an upcoming change in the current bullish trend. (Source: StockEdge).
Economic Times

Buy or Sell: Stock ideas by experts for July 07, 2023 - over 1 year ago
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 Chemicals and Bandhan Bank while Nooresh Merani has a buy/sell recommendation on Bosch and HUL for today's trading session. Check out the targets and stoploss.
Economic Times

Big Movers on D-Street: What should investors do with JSW Steel, Marico and Hindustan Zinc? - over 1 year ago
Stocks that were in focus on Thursday include names like Hindustan Zinc, which gained 8.22%, Marico, which was down 2% and JSW Steel, whose shares rose 0.3%.
Economic Times

​3 stocks signalling bullish reversal on candlestick screener​ - over 1 year ago
On the candlestick screener, a bullish reversal pattern helps identify stocks that can move up from a downward zone in the future. Here's a list of 3 stocks that have established a Bullish Harami pattern and hint at bullish reversal in the future. (Source: StockEdge)
Economic Times

Stocks in focus: Havells, Bajaj Finserv and more - over 1 year ago
GIFT Nifty on the NSE IX traded 61.5 points, or 0.31 per cent, lower at 19,488, signaling that Dalal Street was headed for negative start on Friday. Here's a slew of stocks that will be in focus today for various reasons.
Economic Times

Big Movers on D Street: What should investors do with JSW Steel, Marico and Hindustan Zinc? - over 1 year ago
Stocks that were in focus on Thursday include names like Hindustan Zinc, which gained 8.22%, Marico, which was down 2% and JSW Steel, whose shares rose 0.3%.
Economic Times

AI seen fueling Microsoft to $3 trillion value in Morgan Stanley model - over 1 year ago
Despite a 42% share-price rally this year, the valuation is “still reasonable,” according to Weiss. The stock’s so-called PEG ratio, or the price-earnings multiple divided by the expected percentage growth in earnings, “remains in line with historical averages, despite the unrivaled generative AI positioning,” he wrote. The PEG ratio is a metric often used by growth-focused investors.
Economic Times

Buckling bond market casts pall over stocks - over 1 year ago
Two-year Treasury yields burst above 5% and futures pricing started to admit the possibility that the Federal Reserve will raise rates twice before the year is out. Ten-year yields rose more than 17 basis points in two sessions to 4.05%, and selling wrapped around the globe as investors who had positioned for a peak in interest rates bailed out.
Economic Times

Wall St logs sharp losses as labor market strength stokes rate-hike fears - over 1 year ago
The S&P 500 posted its biggest daily percentage drop since May 23. The Dow logged its biggest single-day fall since May 2. Private payrolls surged far more than expected in June, data showed, suggesting the labor market remained solid despite growing risks of a recession. A separate report showed U.S. job openings dropped in May, but remained at elevated levels.
Economic Times

GIFT Nifty down 60 points; here's what changed for market while you were sleeping - over 1 year ago
Option data suggests a broader trading range in between 19200 to 19700 zones while an immediate trading range in between 19350 to 19600 zones.
Economic Times

PharmEasy value crash may not hit Velumani’s stake - over 1 year ago
PharmEasy is faced with a steep cut in its valuation, with the new funding round pegging its shares at Rs 5 each compared to the Rs 50 per share that it secured in 2021. The huge fall in value has triggered questions about the fate of Velumani’s purchase of a 5% stake in the firm in 2021 when it was valued at $4 billion.
Economic Times

Stock Radar: This FMCG stock in Sensex index is on buyers’ radar, explains Ruchit Jain - over 1 year ago
"This FMCG stock is on the verge of a breakout, and traders are advised to buy the stock above Rs 2715 with stop loss can then be placed below Rs 2660. The potential target post the breakout will be seen around Rs 2790 and Rs.2840," Ruchit Jain, Lead Research, 5paisa.com, said.
Economic Times

Adani Green plans to raise $1.5 billion via QIP - over 1 year ago
The funds will be used to expand green energy operations. QIPs allows listed companies to raise capital without depending on foreign capital resources.
Economic Times

Stocks in news: Titan, Adani Green, Indian Oil, Dabur, Sobha - over 1 year ago
Titan registered a 20% year-on-year (YoY) revenue growth for the June quarter, with all the key consumer businesses witnessing double-digit growth in the quarter.
Economic Times

Invent ARC plans to boost assets with focus on small-ticket loans - over 1 year ago
"About 25% of our book is retail loans within which there is now a potentially growing book for micro finance loans. In the last three quarters we have acquired about ₹470 crore of micro finance loans where the recovery has been even better than our projections. We expect this pace to continue," Manhas said.
Economic Times

Apple’s m-cap bigger than most countries’ GDP - over 1 year ago
Apple stock’s gain accelerated after reporting higher-than-expected revenue and profit in March quarter
Economic Times

D-St indices resume record run, bucking global selloff - over 1 year ago
Reliance Industries as well as state-owned oil and gas companies, property, automobile and heavyweight financials were at the vanguard of Thursday's rally that also pushed the broader market to newer heights.
Economic Times

Securitisation volumes on track to rise 60% in Q1: ICRA - over 1 year ago
"Despite the rise in interest rates over the past year, the retail credit demand in the country remained strong, resulting in increased financing requirements for the NBFCs and HFCs. Lenders continue to depend on securitisation as a means to raise funds as it helps in diversifying their fund-raising avenues," Abhishek Dafria, senior VP and group head, structured finance ratings, ICRA, said.
Economic Times

Brokers take issue with Sebi's basis for 'fit & proper person' - over 1 year ago
The division bench of Justice GS Patel and Justice Dr Neela Gokhale has directed the capital markets regulator to file its response by July 20 in the matter, and has adjourned the case to August 2 for further hearing.
Economic Times

Stakeholders seek clarity on bankruptcy board's 'single voting' plan - over 1 year ago
IBBI had published a discussion paper on measures for increasing the possibility of resolution and proposed that financial creditors will be required to vote for all the plans while mentioning grading of the resolution plan on June 7, 2023.
Economic Times

RBI governor stresses on fiscal consolidation - over 1 year ago
"He emphasized on the need for the states to focus on fiscal consolidation, improving quality of expenditure and other issues related to the fiscal health of states such as contingent liabilities/guarantees, etc," the RBI said in a release.
Economic Times

RIL to fix record date for listing Reliance Strategic - over 1 year ago
This March, RIL had said it plans to demerge its financial services undertaking into Reliance Strategic Investments Limited (RSIL) and rename and list it as Jio Financial Services Limited (JFSL).
Economic Times

India growth a catalyst, local arms trump MNCs - over 1 year ago
Growth visibility has done enough to burnish the allure of these stocks with investors - both at home and overseas. It is no wonder, therefore, that the India-listed stocks of these MNCs trade at premium valuations relative to their parent entities beset with inevitable growth challenges that mature markets present.
Economic Times

Stock Radar: This FMCG giant breaks out from consolidation to hit 52-week highs; time to book profits? - over 1 year ago
Rally in the stock price of Hindustan Unilever may not be over yet, suggest market analysts. It is trading above most of the short- and long-term moving averages. Daily RSI is placed at 67.7. MACD is above its center and signal line — a bullish indicator.
Economic Times

Wall St slides as labor data stokes rate hike fears - over 1 year ago
At 12:02 p.m. ET, the Dow Jones Industrial Average was down 449.43 points, or 1.31%, at 33,839.21, the S&P 500 was down 49.55 points, or 1.11%, at 4,397.27, and the Nasdaq Composite was down 174.97 points, or 1.27%, at 13,616.68
Economic Times

US-based FII sells stake in Piramal Enterprises via block deal - over 1 year ago
According to data available with the exchanges, Smallcap Fund Inc has offloaded 23.92 lakh shares or 1% stake in the company. New Fund World has also offloaded 1.45% stake in Piramal in the transaction, which was executed at Rs 941 apiece. Tata MF, Societe Generale, Morgan Stanley, Goldman Sachs, Citigroup, BoFA Securities are buyers
Economic Times