"The acquirers based on the views and observations received from the stock exchanges recomputed the floor price as Rs 1,201.30 per equity share, by determining the reference date as the date of the Board Meeting (i.e. April 20) in which the delisting proposal was considered and approved," the company said in a filing.

Here are 8 banking names from the large and midcap space that are said to be overbought based on Stochastic Oscillator. Note, when the stochastic measurement is above 80, it indicates that an asset is overbought, while when it is below 20, it suggests that it is oversold. Here the data is based on the previous trading day. (Source: StockEdge)

RSI, which is a momentum indicator, gives short-term buy and sell signals and helps to determine a stock’s overbought and oversold state. It is the ratio of the recent upward price movement to the absolute price movement. The value of RSI ranges between 0-100. The StockEdge data computes the value of RSI by taking 14 days as the reference period.So, here are four Nifty50 stocks whose RSIs have crossed the 70 mark from below, suggesting an overbought state. Typically, this situation hints at a sell signal on the counter. Note the data is from the previous day. (Source: StockEdge)

Multiple stocks, including Kaveri Seed Company, GMR Power and Urban Infra, Ultramarine & Pigments, Federal Bank, Goodluck India, IFB Industries, Tata Consultancy Services, Veranda Learning Solutions, Hester Biosciences, and Greaves Cotton, topped their 100-day Simple Moving Average (SMA) on 4 July 2023.

In the current fiscal year (FY24), the Indian stock market has experienced impressive growth, with the benchmark Sensex surging approximately 11%. Amidst this rally, numerous stocks have delivered impressive returns, and investors who opted for foreign institutional investors (FIIs) preferred picks have mostly outperformed the index's performance. In particular, around 114 stocks with a market capitalization exceeding Rs 500 crore, where FIIs consistently increased their stake throughout all four quarters of FY23. Interestingly, a majority of these stocks from the list have surpassed the index's returns in FY24 thus far. ETMarkets has highlighted 8 stocks that have gained between 50-100% over the slightly over three months of FY24. Take a look.

MACD or Moving average convergence divergence is a momentum indicator used in technical analysis. The metric shows the relationship between two moving averages of prices. For calculating MACD, 26-day EMA is subtracted from 12-day EMA. Also, a 9-day EMA of the MACD, called the signal line, is plotted on the top of the MACD, providing the likely trading strategy in a stock i.e. a buy or a sell.

The Golden Crossover is a technical signal generated when the short-term moving average (such as the 50-day simple moving average) crosses above the long-term moving average (such as the 200-day simple moving average). This event signifies a shift in investor sentiment, indicating a potential bullish trend reversal or the beginning of a new upward movement.

The CASA ratio stood at 46.5% as of June 2023, compared to 49.8% as of March 2023, as incrementally during Q1 FY24, the bank raised more fixed deposits than CASA deposits. The lender said it continues to maintain high asset quality parameters in its loan book while maintaining the average liquidity coverage ratio at 125.4% for the quarter that ended June.

The Relative Strength Index (RSI) measures the speed and change of price movements and identifies potential reversal points of a stock. When the RSI is above 70, it suggests an overbought condition indicating a possible price correction. Conversely, a declining RSI trend may indicate a shift in trend. On July 4, 25 stocks were identified as overbought with bearish RSI trends. Ten of them, including Aditya Birla Capital, Indian Oil Corporation, and Dabur India, had recently come out of the overbought zone. An update for July 5 will be available later.

Several stocks, including Bayer CropScience, The Federal Bank, and Restaurant Brands, crossed their 200-day Simple Moving Average (SMA) on July 4, 2023. The 200 SMA is a critical technical indicator that provides insights into a stock's long-term trend, and when a stock's price closes above it, it often indicates strength and potential upward momentum.

In the current fiscal year (FY24), the Indian stock market has experienced impressive growth, with the benchmark Sensex surging approximately 11%. Amidst this rally, numerous stocks have delivered impressive returns, and investors who opted for foreign institutional investors (FIIs) preferred picks have mostly outperformed the index's performance. In particular, around 114 stocks with a market capitalization exceeding Rs 500 crore, where FIIs consistently increased their stake throughout all four quarters of FY23. Interestingly, a majority of these stocks from the list have surpassed the index's returns in FY24 thus far. ETMarkets has highlighted 8 stocks that have gained between 50-100% over the slightly over three months of FY24. Take a look.

Indian equities attracted the most foreign inflows for Asia's emerging markets, excluding China, in June, with foreign investors purchasing a net $5.7 billion in Indian equities last month, says exchange data. The inflow is the largest since August 2022 and was helped by a string of strong first-quarter Indian earnings

Tokyo stocks closed lower on Wednesday due to concerns of short-term overheating. The Nikkei 225 lost 0.25% with the Topix index slipping by 0.01%. Mizuho Securities stated that the decline was led by sales due to short-term overheating worries. Investors were cautious ahead of key US jobs data later this week, as traders wound down for the Independence Day holiday.

The Relative Strength Index (RSI) is a valuable tool for understanding the dynamics of stock movement, ranging from 0 to 100. ETMarkets recently handpicked 10 overbought stocks for analysis using the RSI, indicating the magnitude and speed of recent price movements.

The Relative Strength Index (RSI) which measures a stock's price momentum, can help investors make informed decisions. ETMarkets has identified 10 stocks that are currently trading in an overbought zone as the RSI scales 0 to 100, values above 70 suggest overbought conditions. Some of the stocks with trending RSI included Suven Pharmaceuticals

On a year-to-date basis, the stock advanced 63%, whereas, in the last month, it has risen over 52% and has rallied over 185% in the past year.

New Zealand fell into recession in June 2023 after the country’s GDP contracted for two quarters. The central bank had raised benchmark interest rates by 12 consecutive times in a bid to curb inflation. As a result, Germany and 20 eurozone nations entered a technical recession, due to slowing economic growth and rising inflation.

For Dalal Street, paints means Asian paints. However there is and sooner there will be even more to it. Will it impact the overall valuations matrix of the existing players ?

The Kolkata-based ITC is said to be exploring alternate structures for its hotel business in line with industry dynamics, according to a TV channel. Following the news, ITC shares rallied over 3% to hit fresh high at Rs 480.60 on BSE.

Shares of the bank hit a low of Rs 216.10 on the National Stock Exchange in early trade, but were trading slightly off lows at Rs 221.85, with a cut of 4%. The selling came on the back of significant volumes of more than 30 million shares.

The Relative Strength Index (RSI) is a valuable technical indicator for assessing a stock's price momentum and can help investors make informed investment decisions. It measures recent price changes on a scale of 0 to 100, with values above 70 indicating overbought conditions and values below 30 suggesting oversold conditions.

As Nifty forms a new high, more small cap stocks join the party. Right from a diagnostic player, a real estate company focused on western region to a garment exporter. 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.

n Wednesday, ahead of the market opening time, HDFC Bank announced that its advances have aggregated to approximately Rs 16,15,500 crore as of June 30, 2023, rising 15.8% YoY over Rs 1,395,100 crore reported in the corresponding quarter of FY23 and around 0.9% over Rs 16,00,600 crore reported for the three months ended March 31, 2023.

FSN E-Commerce, the parent company of Indian fashion and beauty e-tailer Nykaa, has been downgraded from largecap to midcap category by the Association of Mutual Funds in India (AMFI) following a 42% drop in share price from its 52-week high. Nykaa was not the only firm downgraded to midcap, with Tata Elxsi and Info Edge among those also demoted. The market value of 100 stocks places them in the largecap category, while those ranked between 101 and 250 form the midcap category.

Experts suggest that the rally in Dr Reddy's Laboratories may not be over yet, as the pharma stock hit a 52-week high of INR 5,176 on 3 July 2023, which could extend to INR 5,400 levels in the next 1-2 years based on yearly charts. The stock has risen more than 10% in a month and more than 20% in the last 6 months, with pharma stocks moving in tandem with the momentum seen in the sector. After considerable underperformance, the Pharma sector’s health has started to improve, as the index has given a breakout from the falling channel which is a bullish continuation sign.

For the purpose of this report, we have filtered out stocks wherein the count of analysts is up to 43 and upside potential is up to 32%. The list has been sorted based on potential upside estimated by these analysts.

The underperformance in the stock was because the Street saw limited earnings upgrade triggers and lower visibility on event-based triggers such as listing of Jio and/or Reliance Retail, besides concerns over high capex and resultant rising net debt.The initial euphoria around RIL’s foray into the financial services business also faded given the lack of visibility on the business roadmap ahead

Samvardhana Motherson has entered into a partnership with Honda Motor under which it will form an 81:19 strategic partnership with the latter where both partners will drive the company towards a strong and sustainable future and be fully prepared for next-generation products and technologies, SAMIL said in a regulatory filing to the stock exchanges on Tuesday

GIC will hold a majority stake of 74% and controlling rights in the platform, while Genus will hold the remaining 26%. The platform will have an exclusive supply contract for smart meters with Genus

Brokerage firm Jefferies has downgraded Dixon Technologies to 'Hold' from 'Buy' while raising the price target from Rs 4,350 to Rs 4,550. The global brokerage noted that the current risk-reward appears stretched post a sharp rally in the stock. EMS's (Electronic Manufacturing Services) order book is influenced by sales budgeting by brand owners. Current weak demand poses a downside risk to the existing high-growth forecast

Ahead of Q1FY24, a host of brokerage firms have initiated coverage on several counters, and the majority of them remain positive on them. They see a strong potential for value unlocking in these companies, with a targeted upside of up to 37%.These stocks belong to various sectors such as cement, hospitality, garments & apparel and more. Here is a list of 6 stocks on which brokerages initiated coverage ahead of Q1FY24 results:

The Indian market opened with a negative bias, tracking mixed global cues. The Sensex rose nearly 300 points, while the Nifty50 closed below 19,400 levels. The India VIX slightly increased as the index is soon moving to new high territories. The maximum Call OI is placed at 19,400, and the maximum Put OI is placed at 19,300.

"The total merchant GMV processed through our platform for the quarter (for three months ended June 2023) was Rs 4.05 lakh crore ($49.3 billion), marking a YoY growth of 37%," Paytm said in a quarterly business update.

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 PNB and NTPC while Nooresh Merani has a buy/sell recommendation on Jindal Steel and HUL for today's trading session. Check out the targets and stoploss.

From the Sensex pack, HDFC Bank, HDFC, Bajaj Finserv, NTPC, Wipro, and ITC opened in the red, while IndusInd Bank, HCL Tech, ICICI Bank, Sun Pharma, Asian Paints, Tata Steel and Tech Mahindra opened with gains.

Under the proposed merger scheme, approved by the two companies, IDFC shareholders will get 155 shares of IDFC First Bank for every 100 shares they hold

In the Nifty200 pack, we have collated a list of five stocks that witnessed a 5-year swing high at the close on July 4, 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 or longer.

Sensex drops over 100 pts, Nifty nears 19,350; Paytm rises 2%, HDFC Bank sheds 2% on Q1 update; YES Bank, Asian paint, HCL Tech are some of the gainers in the morning trade.

The markets continued to extend their gains; they went on to close at yet another lifetime high. However, some signs of tiredness also began to show up. The NIFTY opened higher but soon lost ground to slip into the negative territory for a brief time. However, it soon rebounded and went on to form a fresh high. The index, though, came off from the high point of the day before closing with a net gain of 66.45 points (+0.34%).

The BSE proved its mettle yet again, demonstrating its ability to weather market fluctuations. On 3 July 2023, the BSE stock price soared to Rs. 669.4, comfortably surpassing the previous week's high of Rs. 624.3.

The closing price of a stock above its 20 Simple Moving Average (SMA) can indicate a short-term bullish sentiment in the market. The 20 SMA is a popular technical indicator used to assess recent price trends. When a stock crosses its 20 SMA, it often attracts the attention of traders and investors looking for potential opportunities

The RSI is a valuable technical indicator that measures the strength and momentum of a stock's price movement. Ranging from 0 to 100, an RSI value above 70 indicates an overbought condition, suggesting that the stock may be due for a potential price correction. Conversely, an RSI value below 30 indicates an oversold condition, indicating a possible rebound in price. Assessing stock movement based on RSI trends is important because it helps investors identify potential turning points and make informed decisions

The Golden Crossover is a popular technical analysis pattern that occurs when a stock's short-term moving average crosses above its long-term moving average. Specifically, it refers to the 50-day simple moving average (SMA) crossing above the 200-day SMA. This event suggests a shift in momentum and indicates a potentially bullish signal for the stock's future price movement

Indian stock markets continued their upward trend, with the Sensex reaching a new record high and Nifty breaching the 19,400 mark. However, Nykaa's stocks fell 2%, Eicher Motors fell 6%, and IDFC First Bank shares declined by almost 4% on Tuesday.

The Futures Long Position Scan performed on Tuesday revealed Aggressive New Long positions on 5 banking counters. This indicates a bullish sentiment in the market, as the average traded and delivered quantity for 5 days along with the cumulative open interest, and the price for the stocks have increased. (Source: StockEdge)

In the NSE list of stocks with a market cap of over Rs 1000 crore, seven stocks crossed above their 200 DMA (Daily Moving Averages) on July 04, 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.

Asian shares fell due to a slowdown in China's service sector growth and investor focus shifting towards the release of the US Non-Farm Payrolls report and the Federal Reserve minutes. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.7%, while Australia's resource-heavy shares fell 0.2%.

In the NSE list of stocks, 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 July 4.

Bearish reversal scans on the candlestick screener help ascertain stocks which can slip downward from an uptrend zone. Here is a list of 6 major stocks that have established a Shooting Star pattern and signal bearish reversal. (Source: StockEdge)

Mankind Pharma, a recent entrant to the stock exchanges, has been included to several Nifty indices including Nifty500, Nifty Midcap150, Nifty Midcap100 and Nifty200.