For US brokerage house Jefferies, Polycab is its most preferred stock in the mid-and-small cap space citing its consistent performance and promising outlook.

The private lender has not set a reserve price but indicated that it would prefer an upfront cash offer, the same person said. The bank also informed ARCs that it would prefer to close the sale transaction by August. Bandhan Bank did not respond to ET’s request for comment.

During the period from December 2018 to April 2021, ACRE acquired Jayaswal Neco's debt from its lenders, and subsequently got a 32% equity stake in the company. This acquisition was made jointly with Bank of America at a discounted rate of nearly 30%.

Contrary to expectations of a double-digit increase, net profit at the maker of Dove soaps and Red Label teas climbed at a modest 8%. The operating profit margin was 23.6%, rising 40 basis points over the year-ago level.

ITC shares tested a lifetime high of ₹493.7 on Thursday before closing as the best performer on the Nifty with nearly 3% gains at ₹491.50. The conglomerate also became the seventh Indian company to cross a market capitalisation of ₹6 lakh crore.

The 'constant price' of Jio Financial was discovered in a session held on the NSE on Thursday between 9 AM and 9.45 AM. This is the first time NSE held a special session for 'constant price' discovery following a demerger.

The MSCI Japan IT index has surged 36% so far this year, while the MSCI Taiwan and Europe IT indices have rallied 30% and 25%, respectively. The MSCI Korea IT index has risen 31% since January 1. China remains an outlier, weighed down by economic troubles in the world's second-largest economy.

The stock has risen from Rs 1,779 as on April 18 to Rs 2,439 recorded on July 18 — this translates into an upside of over 37%. The momentum has helped the stock hit a record high of Rs 2,812 on July 19, but it has failed to hold on to the momentum and witnessed some profit-taking towards the close of the trade.

With its origins dating back nearly 1500 years, chess is the only board game that stood the test of time. It is believed by many that Chess originated in India. It was known as ‘Chaturang’, named after the four parts of an army namely the elephants, chariots, horsemen and foot soldiers.

The company added nearly 6 million subscribers in the second quarter - almost triple of what Wall Street expected - thanks to a crackdown on password-sharing and the introduction of a cheaper subscription tier that comes with advertising.

Equity benchmark indices Sensex and Nifty scaled fresh record high levels on Thursday, driven by unabated foreign capital inflows and intense buying in banking and FMCG stocks. The 30-share BSE Sensex jumped 475 points to settle at its fresh all-time closing high of 67,572.Positive global cues helped Nifty close at 19979, up 0.74% or 146 points. Meanwhile, broader markets, too, continued to rally and saw another fresh high. Sector-wise, IT and consumer durable pack turned out to be laggards, while all others ended in the green with pharma, FMCG and private bank index clocking the maximum gains of over 1% each.“Nifty has been finding support on its 5 day EMA, which is currently placed at 19778. Resistance for the Nifty is seen at 20055, which happens to be a 78.6% Fibonacci extension levels considering the previous major swings,” said Devarsh Vakil, Deputy Head of Retail Research, HDFC Securities, said.Here are the stock recommendations for Friday:

The US Federal Reserve has launched "FedNow", a payment service that aims to modernize the US payment system by enabling instantaneous transfer of funds, 24/7. The new service will reduce the time it takes for cash transfers to settle and benefit consumers and small businesses.

State Bank of India (SBI), the country's largest lender, plans to raise up to 100 billion rupees ($1.22 billion) by selling infrastructure bonds that mature in 15 years. SBI's proposed bond issue has an initial size of 50 billion rupees, with an equivalent greenshoe option. Demand from insurance companies, pension and provident funds

Jaguar Land Rover (JLR) Plc, UK on Thursday announced the appointment of Adrian Mardell as Chief Executive Officer (CEO) extending up to a term of three years.

Reliance Industries is one of the biggest companies in India, and it is all set to release its Q1 results soon. Here's a look at the RIL Q1 preview to understand what you can expect as an investor. Watch the video.

The Bengaluru-based software major has reported 11% year-on-year growth in net profit at Rs 5,945 crore for the quarter ended June. The profit is lower than the ET Now Poll estimate of 6,150 crore. Infosys’ earnings remained muted on a sequential basis in the June quarter, given a significant slowdown in business amid global macroeconomic headwinds.

Netflix shares fell 6% after disappointing revenue growth and a lower-than-expected forecast. The company added six million subscribers in Q2, helped by a crackdown on password-sharing and the introduction of a cheaper subscription tier that comes with advertising. However, Greg Peters, co-CEO said it would take several quarters to see the returns from those efforts.

HDFC Bank has overtaken IT giant, Tata Consultancy Services, becoming India's second-most valuable company by market capitalisation. Following the merger of its mortgage financier parent, HDFC Bank has a market capitalisation of INR12.7tn ($173bn), more than $783m higher than TCS' INR12.67tn valuation.

On Thursday, the benchmark index Sensex rose 474 points to settle at 67,571. During this remarkable upswing, 10 stocks listed on the BSE FMCG index reached new 52-week highs. For traders and investors, the 52-week high holds significant importance as a crucial technical indicator to evaluate a stock's current value and predict potential price fluctuations. It represents the highest price at which the stock has been traded over the past year.

India VIX was up by 1.59% from 11.60 to 11.78 levels. Volatility spiked to create momentum and cheer the bulls at lifetime high zones. Option data suggests a shift in trading range between 19700 and 20300 zones while an immediate trading range between 19800 and 20200 zones

Sectorally, buying was seen in FMCG, banks, healthcare, and energy stocks while some profit-taking was seen in IT, power, and capital goods stocks. Stocks that were in focus include names like Suzlon Energy, which rose 5%, PNC Infratech closed nearly 2% higher and Polycab India closed with gains of over 9% on Thursday.

"This high price is a reflection of the market’s assessment of Jio Financials’ potential. The wide reach of JFSL through RIL’s other business segments like Reliance Retail has the potential to grow the company at a fast pace for many years to come. The market is discounting this potential," said Dr. V K Vijayakumar of Geojit Financial

Hindustan Unilever Ltd on Thursday reported a 6.9 per cent rise in consolidated profit after tax at Rs 2,556 crore in the first quarter ended June 30, 2023, riding on a gradual recovery in the FMCG industry despite operating in challenging environment. The company had posted a consolidated net profit of Rs 2,391 crore in the same quarter last fiscal, Hindustan Unilever Ltd said in a regulatory filing.

Indian conglomerate ITC could demerge its hotel business, according to reports. The move to create an alternate structure to the struggling arm, which accounts for over 20% of the company's capex, would enable ITC to overcome concerns over the high capital expenditure on the hotels business and subpar returns

Larsen and Toubro (L&T) will consider a share buyback at its board meeting on 25 July. L&T board is also meeting that day to approve the results for the June quarter. In the meantime, the company also announced that its board has approved the merger of two of its wholly-owned subsidiaries - L&T Innovation Campus (Chennai) Limited with L&T Seawoods Limited.

From the Sensex pack, ITC, Kotak Mahindra Bank, and ICICI Bank were the top gainers, rising over 2% each. Maruti, Airtel, SBI, Sun Pharma, Reliance Industries, and Axis Bank also closed with gains. Whereas, Infosys, UtraTech Cement, HCL Tech and Bajaj Finserv closed with losses.

Revenue from operations during the first quarter rose 23% year-on-year to Rs 2,321 crore. It was Rs 1,878 crore in the same quarter of last year.

Dalal Street hits fresh peaks as Sensex rallies 474 points, Nifty close to 20K; Kotak Bank rises 3%, Infy drops 2%.

Going by recent times, it appears that Indian equity bulls are unstoppable as the index continues to scale new heights. In the past year, the benchmark index Nifty recorded a substantial growth of about 21%. During this period, several mutual fund schemes have not only outperformed the index performance but also achieved remarkable gains of over 40%. ETMarkets Mutual Fund Analysis has identified the top six equity mutual fund schemes that meet these criteria. Furthermore, a comprehensive analysis has been carried out, showcasing the top five performing stocks within each scheme over the same period. Intriguingly, several stocks from this list have experienced significant growth, becoming multibaggers. Notably, ETFs have been excluded from this analysis. (Data Source: ACE MF, ACE Equity)

MACD or Moving average convergence divergence is a momentum indicator used in stock market 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.Further, a 9-day EMA of the MACD is called the signal line, which is plotted on the top of the MACD. It provides the likely trading strategy in a stock i.e. a buy or a sell.

Tata Teleservices (Maharashtra) demonstrated robust performance by crossing the 20 SMA on July 19, 2023. With its stock price reaching Rs. 80.95, surpassing the 20 SMA of Rs. 73.97, Tata Teleservices (Maharashtra) is a leading telecom service provider, offering a range of communication solutions.

Companies such as Cera Sanitaryware, Avenue Supermarts, and KRBL are among the Indian firms that have surpassed the 50-day Simple Moving Average (SMA) threshold, indicating positive momentum in their respective industries. Cera Sanitaryware, a leading bathroom solutions provider,

StockEdge reported an overbought RSI trend in about a dozen stocks with a declining bearish trend and a fall in RSI below 70. From this list, ETMarkets picked 10 stocks that reveal an intriguing combination of an overbought zone and bearish RSI trends for analysis. The Relative Strength Index (RSI) is a crucial technical

Bajaj Finance now has a market cap of Rs 4.6 lakh crore. Upon listing on stock exchanges, JFSL will take over the No.2 slot ahead of Cholamandalam Investment and Finance which is presently the second-largest NBFC with an m-cap of Rs 9.6 lakh crore.

A Golden Crossover is a popular technical chart pattern that occurs when a stock’s short-term moving average crosses above its long-term moving average, indicating a potential bullish trend. On July 20, Trendlyne reported 45 Nifty50 stocks experiencing this signal, with ETMarkets choosing 10 Golden Crossover stocks from the list.

DB Corp has recommended an interim dividend of Rs 3 per share for the current financial year, with the record date being August 1. For the financial year 2023-24, the company has also suggested a dividend of Rs 3 per equity share of the face value of Rs 10 each. The dividend will be paid on or before August 18. DB Corp's revenue from operations rose 12% YoY to Rs 554 crore.

Several BSE 200 stocks, including APL Apollo Tubes, Canara Bank, Dr Reddy's Laboratories, HDFC AMC, ITC, Oberoi Realty, PNB, and Polycab, reached new 52-week highs on July 20, 2023, indicating investor confidence and resilience in the face of market fluctuations. However, the data only pertains to the time at which it was taken and updates from real-time data may come with a lag.

On July 19, 12 stocks were reportedly trending down in relative strength index (RSI), which measures the speed and change of price movements. Stocks with an RSI of 70 or greater are considered overbought, while those under 30 suggest the stock is oversold. Stocks identified by ETMarkets as trending down on July 19 included Maruti Suzuki India, UNO Minda and Hindustan Unilever.

Over 70 stocks were trading at overbought conditions on the Relative Strength Index (RSI) on July 19, according to StockEdge. The RSI, measuring the magnitude of recent price changes, oscillates between 0 and 100, with values over 70 suggesting a stock is overbought, inviting potential price corrections.

In just 15 sessions, the NSE flagship index has rallied nearly 900 points from the 19,000 level, hit on June 28, on strong global market cues, signs of an end to the US Federal Reserve's rate tightening cycle, and most importantly, strong foreign investor inflows. The ongoing earnings season on Dalal Street is also lending support to the bulls.

Average is a crucial technical indicator for stocks, often signaling potential shifts in short-term trends. On Wednesday, July 19, companies like KRBL, HFCL, and Gland Pharma demonstrated their strength by surpassing this indicator. Investors and market observers will closely monitor these stocks as they navigate the dynamic market conditions.

Stock exchanges conducted a special pre-open session in shares of RIL between 9 AM and 9:45 AM to derive the price of Jio Financial.The price of Jio Financial was calculated based on the difference between Wednesday’s close price of RIL and the price discovered in the special pre-open session.

The shares, which have been among the top performers in the Sensex pack, jumped nearly 2% in intraday trade to hit a fresh 52-week high. The stock was last trading at Rs 488.25, up 1.96% on BSE.Despite a solid run this year, analysts are still gung-ho on the stock on firm structural prospects.

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

Tata Teleservices (Maharashtra), a leading telecom service provider, exhibited a strong performance on July 19, 2023, with its stock price reaching Rs. 80.95, crossing the 200 SMA of Rs. 78.9. The company is a subsidiary of Tata Group and operates in the highly competitive telecommunications sector.

Those acquisitions follow other deals in the past year, including a partnership with UAE’s AK Corp. for a processing plant, and a stake in Geomysore Services (India) that secured the license for a gold mine in Andhra Pradesh state.

As the headwind for the auto sector starts to slow and the nifty auto index continues to outperform some of the other sectoral indices, we take a look at what analysts' views are on segments and sub-segments of the auto industry. 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.

DCM Shriram Industries touched a new 52-week high of Rs. 114. The company operates across diverse segments such as chemicals, sugar, and seeds, contributing significantly to India's agribusiness and industrial landscape.

The data was sourced from BSE at 12.15 am, and the updates from the real-time data could come with a lag. The below data also pertains only to the time at which it was taken.

Till recently, one by one each sectoral index was touching a new high, except one which is Nifty IT index. But given the fact that after Q1 results of TCS results all the IT stocks have moved upward very sharply. Even this index might be at a new high soon, if Infy results don't hit the sector. 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.