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. 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.

On June 27, 2021, frontline index S&P BSE Sensex surged nearly 200 points or 0.31% led by index heavyweights such as HDFC Bank and Infosys. Among the top five stocks that traded in the green and contributed to the market's advancement were HDFC Bank, Infosys, HDFC, Axis Bank, and Bharti Airtel. These companies are known for their robust financials, technological prowess, retail banking focus, expertise in the housing finance sector, and strong market presence and network coverage in the telecommunications industry. Investors seeking potential investment opportunities can explore these companies further to make informed investment decisions.

Pharma as a sector has been under pressure for a very long time. Some time USFDA issues, at other instances of pricing pressure in US markets have been troubling the sector. However, some of the small and mid sized Indian pharma companies which are not hit by pricing pressure of the US generic market and other issues which large pharma companies have been facing keep attracting interest from the analyst. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

“We expect HDFC to deliver an AUM and PAT CAGR of ~14% each over FY23-25, which will translate into a core RoA/RoE of 2%/14% in FY25. We have a 12-month target of Rs 3290 which translates into an upside of 20% from current levels,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

As Nifty comes closer to form a new high, more number of mid-caps stocks are joining the party. Some stocks which had been trading earlier in negative territory have seen an improvement in their score which means a big shift in stance of analysts. 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.

Exide Industries, an auto component maker, hit a fresh 52-week high in June 2022 and rose more than 30% from March 2023 to June 2023. The recent breakout from a Double Bottom pattern suggests that the rally may not be over yet and short-term traders can look to buy the stock now or on dips for a possible target of 280 levels in the next 3-4 weeks. The daily RSI is at 76.9 and the recent swing high has opened room for the stock to head towards Rs 280 levels in the short term.

“We expect HDFC to deliver an AUM and PAT CAGR of ~14% each over FY23-25, which will translate into a core RoA/RoE of 2%/14% in FY25. We have a 12-month target of Rs 3290 which translates into an upside of 20% from current levels,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

The Securities Appellate Tribunal (SAT) has granted interim relief to IIFL Securities by staying the Securities and Exchange Board of India's (Sebi) order debaring the brokerage firm from onboarding new clients for two years. The Sebi order was issued following its inspection of IIFL's book of accounts, where Sebi found that the brokerage firm violated the rules by not segregating its own funds from customers’ funds and also misled debit procedure. IIFL Securities had appealed to the tribunal against the Sebi order.

​​​This is in line with the announcement made by the Maharashtra general administration department on Monday regarding change in holiday on account of Bakri ID.

Around 212 stocks of companies with a minimum market capitalisation of Rs 500 crore have eroded investors’ wealth considerably in the first half of 2023, as per data analysed by ETMarkets. Most of the laggards were midcaps and smallcaps, though the broader markets have outperformed the largecaps in recent months. Adani Group companies dominated the list, with Adani Total Gas falling more than 82% YTD. Infosys was the worst performing stock in the frontline IT pack, and Hindalco Industries was among the severely affected largecap metal companies due to a demand slowdown.

Adani Enterprises and Adani Total Gas will hold their Annual General Meetings on July 18 to consider the record date for dividends. Adani Enterprises' AGM is scheduled at 10 am while Adani Total's is at 12 pm. Shares of both companies gained in early trade, with over 5 lakh shares of Adani Enterprises and nearly 76,000 shares of Adani Total trading on NSE. The overall market was positive, with S&P BSE Sensex and Nifty50 trading higher with 35 advances and 15 declines in the 50-stock index.

Global brokerage firm Macquarie downgraded Paytm's stock to neutral from outperform, attributing it to the sharp run-up in share prices in recent months and risks emerging from Jio Financial Services' entry into the financial services space. The analyst also noted that China's Ant Financial could be looking to pare down its stake, which could be an overhang. Macquarie has maintained the earnings front and expects Paytm to report accounting profitability by FY26. Despite the downgrade, Paytm shares rose more than 2% to the day's high of Rs 858 on BSE.

Eight bluechip stocks including HDFC Bank, ICICI Bank, Adani Enterprises and Adani Ports and Special Economic Zone are expected to attract fund inflows due to Nifty50's quarterly rejig of benchmarks. The move, taking effect on 29 June, means money will leave Reliance Industries, as well as Axis Bank, IndusInd Bank and five other stocks. HDFC Bank is set to receive the highest inflow ($29m) followed by ONGC ($27m) and Adani Enterprises ($27m). The recapping exercise will also change the weights of certain stocks in Nifty50, raising Adani's while reducing HDFC Bank and ICICI Bank's.

Shares of Sapphire Foods India, a restaurant and food services firm, rose by 4% to reach Rs 1,448.2 in Tuesday's trade on BSE after a block deal reportedly took place on the counter, with the transaction of 30.3 lakh shares of the firm at Rs 1,377 per share. Bloomberg reported that the KFC and Pizza Hut's India holder was probably going to sell three million shares in a block deal as well. The block deal was anticipated to enable the shareholder to divest a portion of their holdings in Sapphire Foods India for Rs 1,345-1,391 per share.

Macquarie has maintained its outperform rating on IndusInd Bank with a target price of Rs 1510, as the bank aims to strengthen its balance sheet by making more contingent provisions and raise net interest margins from 4.2-4.3% to 4.4%. Macquarie has also downgraded Paytm to neutral with a target price of Rs 800 due to a sharp run-up in the share price but expects accounting profitability from the platform by FY26. Additionally, brokerage firms Spark and CLSA recommended a buy rating on EMS player Kaynes Technology and life insurer ICICI Prudential, respectively.

High dividend-paying stocks are the most sought after on the Street as they reward investors with consistent payouts irrespective of the market sentiments. Here are 10 such stocks that have paid dividends up to a whopping 5,000% in FY23. Source: HDFC Securities.

Adani Group founder Gautam Adani has claimed that vested interests exploited the aftermath of the short seller Hindenburg's report, which caused a drop in the group's market capitalisation. In a letter to shareholders, Adani accused unnamed parties of spreading false claims across news and social media platforms. While Sebi continues to investigate the allegations levelled by Hindenburg, a panel appointed by the Supreme Court has found no evidence of any individual or group manipulating stock price rises. Adani now aims to complete construction of the group's projects ahead of schedule and boost its revenue.

Despite Sensex and Nifty reaching record highs in the last 3 months, a study of Nifty 500 stocks reveals that 185 stocks are at least 20% away from their 52-week high levels. Stocks that need to more than double in share prices to touch previous peaks include Adani Transmission, Gland Pharma, Adani Green Energy, Piramal Enterprises, Piramal Pharma, Adani Wilmar, Campus Activewear, and Tata Teleservices (Maharashtra). The underperformance of sectors like pharma and metal is said to be the main reason, while the bull market this time seems to be getting sectoral rather than making new highs and bottoms in all areas.

Despite Sensex and Nifty reaching record highs in the last 3 months, a study of Nifty 500 stocks reveals that 185 stocks are at least 20% away from their 52-week high levels. Stocks that need to more than double in share prices to touch previous peaks include Adani Transmission, Gland Pharma, Adani Green Energy, Piramal Enterprises, Piramal Pharma, Adani Wilmar, Campus Activewear, and Tata Teleservices (Maharashtra). The underperformance of sectors like pharma and metal is said to be the main reason, while the bull market this time seems to be getting sectoral rather than making new highs and bottoms in all areas.

Sensex jumps over 200 points, Nifty above 18,750; Adani Power rises 2%, ICICI Sec sheds 2%; Anant Raj, Aditya Birla Capital and YES Bank are some of the gainers in the morning trade.

The Futures Long Position Scan performed on the previous session revealed Aggressive New Long positions on 3 Nifty50 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 ---- all have increased. (Source: StockEdge)

The Indian market could face selling pressure at higher levels despite positive global cues. The Nifty50 closed below 18,700 levels as India VIX was slightly up. The monthly maximum Call OI is placed at 18,800, while the maximum Put OI is placed at 18,700. The options data suggests a shift in a lower trading range between 18,500 to 19,000 zones and an immediate trading range in between 18,550 to 18,800 zones, said Chandan Taparia, an analyst-derivatives at Motilal Oswal Financial Services Limited. Various experts recommend short-term trading options like buying stocks in Maruti Suzuki, Tata Chemicals, and HCL Technologies.

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 Bandhan Bank and Maruti Suzuki while Nooresh Merani has a buy/sell recommendation on Hero Moto and Bharti Airtel for today's trading session. Check out the targets and stoploss.

India's Aditya Birla Capital has proposed to issue equity shares worth up to 17.5 billion rupees ($213.5 million) through a qualified institutional placement (QIP), according to a term sheet seen by Reuters.

In the NSE list of stocks with a market cap of over Rs 1000 crore, we have collated a list of 10 stocks that witnessed a 5-year swing high at the close on June 26, 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.

The BSE Sensex was trading 232 points or 0.37% higher at 63,202. Nifty50 was trading at 18,758, up 67 points or 0.36% at around 9.18 am.

In the Nifty200 pack, six stocks' prices crossed above their 200 DMA (Daily Moving Averages) on June 26, 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. Take a look:

India's Aditya Birla Capital has proposed to issue equity shares worth up to 17.5 billion rupees ($213.5 million) through a qualified institutional placement (QIP), according to a term sheet seen by Reuters.

On the candlestick screener scan performed on Monday, a bullish reversal pattern helped identify stocks that can see an uptrend from a downward zone in the future. So, here are 8 major stocks that have established a Bullish 'Harami Cross' pattern and hint at a bullish reversal in the future. (Source: StockEdge)

Goldman Sachs has downgraded Tesla's stock to a “hold” rating, reflecting concerns about the EV maker’s valuation. Other brokerages such as Morgan Stanley and Barclays have also lowered their ratings while increasing their price targets. Tesla's market cap of $813.29bn is much higher than its closest rival, Toyota. One reason attributed to the rally is interest around AI, while the stock has also gained from several pieces of good news, including charging deals struck by rivals. However, concerns over increased competition in China and the pressure to cut prices continue to weigh on Tesla's earnings.

Nifty futures on the Singapore Exchange traded 16.5 points, or 0.09 per cent, higher at 18,720.50, signaling that Dalal Street was headed for positive start on Tuesday. Here's a slew of stocks that will be in focus today for various reasons.

Bearish reversal scan on the candlestick screener can help ascertain stocks which can slip downward from an uptrend zone. Here is a list of 4 Nifty500 stocks that have established a Shooting Star pattern and signal bearish reversal. (Source: StockEdge)

In the Nifty500 pack, eight 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 June 26.

India's consumer technology stocks, including One 97 Communications and Zomato, have outperformed their Chinese counterparts this year, rising more than 20% as of September 2023. The strong performance was supported by the firms' focus on profitability and India's economic growth potential. Meanwhile, China's tech giants have seen a lacklustre performance as share prices remain below January levels, due to geopolitical and regulatory risks. With India's growth potential and favourable ties with the West, investors are turning to Indian companies despite their smaller market cap and revenue compared with China's tech firms.

On Monday, the markets traded within a limited range, with the Nifty opening in the positive territory and hitting the day’s high soon. However, the headline index could not hold on, ending the session with a small gain of little over one-tenth of a percent.

Indian equity benchmarks showed little movement on Monday as global markets weakened. Shree Cement's stock fell, Policybazaar rose while Apar Industries saw a sudden increase in share value. Investors are recommended to sell Shree Cement's shares, buy on dips Policybazaar's shares, and buy on dips Apar Industries' shares as they continue their prior rising trend. Technical indicators are positively poised on the medium-term timeframe chart, and the key support levels are estimated for the respective stocks.

The stock of this company has gained a substantial upside of 38% over the last three months. Recently, the price failed in its attempt to close above the June peak. The candle formed at the top resembles a Spinning Top, which suggests a lack of confidence in the ongoing trend. The lack of participation is visible in the volume.

Asian stock markets were hesitant on Tuesday as investors awaited signals on the interest rate outlook. They were also concerned about potential risks to China and geopolitical turmoil following an aborted mutiny in Russia. MSCI's Asia Pacific stocks minus Japan index gained 0.08%, while Japan's benchmark Nikkei average fell by as much as 1%. S&P Global has reduced China's economic growth forecast to 5.2% from 5.5% for 2023, representing the first time a major credit ratings agency has cut China's forecast this year, further maligning China's uneven recovery from the coronavirus pandemic.

US stocks closed lower on Monday as investors remained cautious due to the uncertainty surrounding the future of Russia after the weekend mutiny. Meta Platforms, Alphabet, and Tesla were among the biggest drags on the main indexes, with growth stocks experiencing a sell-off after a recent rally. Additionally, the start of the second quarter's final week prompted profit-taking in growth stocks. The Dow Jones Industrial Average fell by 12.72 points, the S&P 500 lost 19.51 points, and the Nasdaq Composite dropped 156.74 points. The energy sector was the biggest industry index gainer, rallying by 2.2% as oil prices rose.

We see the next 12 months as a transformational period for this stock as various projects are lined up for commissioning. Its capacity would increase by 65% in two phases. We upgrade the stock to buy with a target of Rs 740,” Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities, said.

Swaminathan Janakiraman, a nominee director representing State Bank of India (SBI), has resigned as the Director of the company.

Bids for the debt-laden textile company Sumeet Industries have been weaker than lenders' expectations as high input costs and weak demand in the industry have kept large bidders away. Banks received bids ranging from ₹90 crore to ₹150 crore indicating a recovery of just 22%, much lower than the ₹250 crore or 40% recovery expected.

State-run Bank of India (BoI) is looking to sell the Rs 670-crore debt of KSK Mahanadi Power and has set a reserve price of Rs 301 crore, which will result in a recovery of 45% on the debt. The lender has set the reserve price on an all-cash basis and will hold open bidding Wednesday. Thereafter, the highest bid will form the base price for the Swiss Auction, which will be held later. BoI's recovery expectation is higher than those for the State Bank of India and Union Bank of India.

IRFC raised ₹1,940 crore through bonds maturing in October 2028 at a rate of 7.45% and ₹2,000 crore through bonds maturing in October 2026 at a rate of 7.41%, sources aware of the development said. The bonds are rated AAA by rating agencies Crisil, ICRA and Care.

Under the format for compliance report on governance, Sebi said infrastructure investment trusts (InvITs) and real estate infrastructure trusts (REITs) will have to disclose the name of the investment managers, the composition of the board of directors of the investment managers as well as the composition of committees, meetings of the board of directors, along with meetings of committees, on a quarterly basis.

ICICI Bank said in an exchange filing that its board on June 29 will consider a proposal for the delisting of equity shares of ICICI Securities pursuant to a scheme of arrangement with the Bank under a special provision of the SEBI Regulations, 2021.

Markowitz was best known as the father of modern portfolio theory, which he introduced in 1952 in an article published by the Journal of Finance. He broke with traditional investment analysis by focusing on combinations of assets, rather than individual securities.

Janakiraman will look after the departments of consumer education and protection, supervision, financial inclusion and development, inspection, premises, and Rajbhasha. Deputy governor Michael Patra will handle the departments of monetary policy, financial markets regulation, financial markets operations, deposit and credit guarantee corporation, and economic and policy research, amongst others.

Barely months before unveiling the CBDC pilot in both retail and wholesale segments, the central bank allowed rupee settlement for international trade as a step towards internationalisation of the rupee. Banks from 18 countries have opened rupee vostro accounts since July last year, helping their importers settle payments in the rupee.

Analysts said gains in the stock market have been restricted in the past when 70% of the stocks on the NSE 500 index trade above the 200-DMA.