Dr Reddy's labs Q3 results: PAT up by 77% at Rs 1,247 cr; records Rs 6770 cr sales - over 1 year ago
Dr Reddy's Laboratories Ltd on Friday said its consolidated profit after tax (PAT) for the quarter ended December 31, 2022 was up by 77 per cent at Rs 1,247.1 crore as against Rs 706.5 crore in the same quarter a year ago.
Economic Times

Adani Ent raises Rs 6K cr from anchor investors before FPO; MFs stay away - over 1 year ago
The Adani Group’s flagship company has allotted 1,82,68,925 shares to over 30 institutional investors at Rs 3,276 a share
Economic Times

Tata Motors Q3 results: Net profit at Rs 3,043 crore; net sales at Rs 88,489 crore - over 1 year ago
Tata Motors on Wednesday reported a consolidated net profit of Rs 3,043 crore in the third quarter ended December 31, 2022, on account of robust sales across markets. The Mumbai-based auto major had reported a net loss of Rs 1,451 crore in the October-December quarter of the previous fiscal. Total income increased to Rs 88,489 crore in the period under review from Rs 72,229 crore in the year-ago period, Tata Motors said in a regulatory filing.
Economic Times

Sebi study suggests 89% retail traders in equity F&O suffered losses in FY22 - over 1 year ago
Interestingly, individual traders belonging to the age group 30-40 years had the highest share in participation (39 per cent) across all age groups. For younger individual traders (20-30 years), the percentage share of participation went up significantly from 11 per cent during FY19 to 36 per cent during FY22.
Economic Times

US stocks open lower as weak earnings updates dent sentiment - over 1 year ago
The Nasdaq Composite dropped 187.74 points, or 1.66%, to 11,146.53 at the opening bell
Economic Times

Adani Ent raises Rs 6,000 crore from anchor investors ahead of FPO - over 1 year ago
The Adani Group’s flagship company has allotted 1,82,68,925 shares to over 30 institutional investors at Rs 3,276 a share
Economic Times

Tech View: Nifty forms long bear candle on daily charts. What traders should do on Friday - over 1 year ago
Now, till it holds below 18,018 zones, bounce could be sold for the down side move towards 17,850 and 17,777 zones whereas hurdles are placed at 18,018 and 18,081 zones, said Chandan Taparia of Motial Oswal.
Economic Times

Nasdaq misses quarterly profit estimates as subdued IPO market, expenses weigh - over 1 year ago
Operating expenses in the quarter rose nearly 3% to $557 million from a year earlier, as the company spent more on employees and business-related expenses.
Economic Times

Sebi slaps Rs 26 crore fine on Coffee Day Enterprises - over 1 year ago
VG Siddhartha, who was the Chairman of the Coffee Day Group, had reportedly committed suicide in July 2019. It was reported that he had left behind a suicide note addressed to the board of directors and Coffee Day family wherein he revealed that he was in deep debt.
Economic Times

United Spirits shares fall over 4% post Q3 results - over 1 year ago
The company had reported a net profit of Rs 295 crore in October-December period last fiscal year. Total income declined to Rs 6,631 crore in the period under review as against Rs 8,917 crore in the year-ago quarter, the company said.
Economic Times

Sensex loses 774 points, Nifty ends near 17,900; Adani Ports tanks 6% - over 1 year ago
Sensex crashes 774 points, Nifty ends near 17,900; Adani Ports tanks 6%, SBI 4%; KIOCL, TVS Motor, UCO Bank are some of the gainers in today's trade.
Economic Times

Hindenburg report is timed to damage our FPO: Adani Group slams research report - over 1 year ago
After a negative report by American short-seller Hindenburg Research led to widespread selling in Adani Group stocks, the conglomerate said it is timed with a mala fide intention to damaging Adani Enterprises FPO.
Economic Times

Dalal Street ahead of Wall Street in market infrastructure, safety: Nithin Kamath - over 1 year ago
“You might be wondering, why isn't instant settlement like payments possible. This is because most trading volumes on the exchange are from intraday traders who buy and sell stocks without taking delivery or have the stocks to deliver immediately," said billionaire Kamath.
Economic Times

TVS Motors rises 5% on Q3 results. What should investors do now? - over 1 year ago
TVS Motors registered total two-wheeler sales of 8.36 lakh units in December 2022 quarter against 8.35 lakh units in the year-ago quarter. Two-wheeler export sales were registered at 2.07 lakh units against 2.53 lakh units in December 2021.
Economic Times

Cipla Q3 Results: Profit rises 10% YoY to Rs 801 cr, misses estimates; revenue up 6% - over 1 year ago
Cipla on Wednesday reported a 10% year-on-year (YoY) rise in consolidated net profit for the quarter ended December 2022 to Rs 801 crore, but this was lower than the ET Now poll estimate of Rs 880 crore. Consolidated revenue from operations grew a meagre 6% on year to Rs 5,810 crore. It also missed analysts' estimate of Rs 6,100 crore.
Economic Times

European shares slip as investors weigh earnings reports - over 1 year ago
Shares of ASML Holding NV lost 2% and were among the top drags on the STOXX 600, despite forecasting sales growth of more than 25% for 2023.
Economic Times

Is the Indian stock market closed tomorrow for Republic Day? - over 1 year ago
There will be no action in the equity segment, equity derivative segment and SLB Segment on Thursday, according to the list of stock market holidays 2023, available on the official BSE website. Trading in the commodity segment of MCX will also remain close.
Economic Times

Hindenburg report timed to damage Adani Enterprises FPO: Adani Group - over 1 year ago
Billionaire Gautam Adani's personal wealth saw an erosion of up to $5.9 billion during the day after the conglomerate shares dropped up to 10% on Wednesday following a negative report by American short-selling firm Hindenburg Research.
Economic Times

Budget and Infrastructure: Binding factor is cement, not steel - over 1 year ago
When it comes to cement, the whole focus comes on select stocks like ACC, GACL and Ultratech and Shree cement. However there are many companies in the sector which are ignored because either they are regional companies or their overall capacity is not very high. However from a stock market perspective, some of the not so large companies have been coming into focus due to the possibility of mergers and acquisitions. We take a look at what analysts are saying across the board.
Economic Times

Zomato shares tumble 15%. What's cooking? - over 1 year ago
"The relaunch of the loyalty programme is important due to growing concerns on sequential growth in Zomato’s food delivery business and the high likelihood of the company having lost some market share to Swiggy in recent quarters as the latter had continued to run its loyalty programme, especially when ‘Pro Plus’ was absent," the brokerage firm JM Financial said.
Economic Times

What AIF fund managers want from FM in Budget 2023 - over 1 year ago
It provides and helps to create employment opportunities, provides risk capital and ensures development of markets (private to public) by enhancing liquidity and making it efficient.
Economic Times

Indus shares fall nearly 5% on Voda Idea payment worries - over 1 year ago
The brokerage said collection delays from Vi and Indus’s exposure as service provider (~35%+ revenues, in our view) remained the key area of concern, adding that the key issue going forward is clarity on how the tower company plans to recover its money from loss-making Vi.
Economic Times

World Bank 2023 recession warning: Should you be bold or scared? - over 1 year ago
It is often seen that investors – especially those who are just stepping into the markets – chop and change their strategy during a recession. In fact, some are so affected by the ‘bad’ news that they decide not to take the plunge at all.
Economic Times

Budget and Infrastructure; Binding factor is cement and not steel - over 1 year ago
When it comes to cement, the whole focus comes on select stocks like ACC, GACL and Ultratech and Shree cement. However there are many companies in the sector which are ignored because either they are regional companies or their overall capacity is not very high. However from a stock market perspective, some of the not so large companies have been coming into focus due to the possibility of mergers and acquisitions. We take a look at what analysts are saying across the board.
Economic Times

5 logistic & transportation companies with “strong buy” and “buy” ratings that can offer up to 35% returns - over 1 year ago
As the economic activities continue to pick pace, logistic companies are back on their feet. They had suffered during covid period and due to rising oil prices, but now there are more tailwinds than headwinds. The list only includes companies which have an institutional shareholder holding of at least 9 percent.The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.
Economic Times

$6 billion gone in a day! Gautam Adani sees heavy wealth erosion after shares tank up to 10% - over 1 year ago
Shares of all the 10 Adani Group stocks, including the recent acquisition NDTV, were trading lower after Hindenburg revealed that it has been short-selling Adani Group companies through US-traded bonds and non-Indian-traded derivatives, along with other non-Indian-traded reference securities.
Economic Times

Chart Check: After 30% in a month, should investors buy, sell or hold this smallcap stock? - over 1 year ago
The recent price action helped the stock the breakout from a Pennant formation on the weekly charts. Pennant is similar to a symmetrical triangle but with few differences.
Economic Times

Adani Group stocks lose up to 10% after Hindenburg reveals short positions - over 1 year ago
All 10 Adani Group stocks were in the red this morning with Adani Ports dropping the most at 5% to hit day's low at Rs 723. Other top losers in the pack included Adani Power, Adani Wilmar and Ambuja Cement - all of them lost 4% each.
Economic Times

After 12 quarters, FIIs make a comeback in this IT stock; what’s changed the mood? - over 1 year ago
While announcing its September quarter earnings, HCL Tech had raised the constant currency revenue growth guidance to 13.5-14.5% for FY23. But 2 months later, it said that growth is likely to be at the lower end of this range.
Economic Times

If I were FM: Sampath Reddy recommends making new tax regime more lucrative for individuals - over 1 year ago
Therefore, to incentivize both lower and higher-income individuals to shift to the new regime, it can perhaps be made more lucrative--by providing some additional tax sops, while retaining the overarching simplified tax structure of the new regime.
Economic Times

Maruti Suzuki profit doubles in Q3: Should you buy, sell or hold the stock? - over 1 year ago
The domestic brokerage has maintained a sell rating on the stock with an increased fair value of Rs 7,850. It said the margin trajectory is likely to lag expectations, led by growth moderation in the entry-level segment, which will increase discounts, and unfavorable forex and uptick in base metal prices.
Economic Times

Jhunjhunwala stock climbs over 6% post Q3 results - over 1 year ago
The consensus recommendation from five analysts for Nazara Technologies is a buy. Out of the nine analysts covering the stock, seven analysts have strong buy and buy ratings, one has a strong sell rating and the remaining one has a hold rating.
Economic Times

Sensex plunges over 700 pts, Nifty below 17,900; Bank Nifty down over 2% - over 1 year ago
Indian equity indices extended losses in Wednesday's trade amid negative cues from global peers. BSE Sensex was trading 850 points or 1.39% lower at 60,128 while Nifty50 was trading at 17,865, down 252 points or 1.40% at around 11.30 am.
Economic Times

IHC, ADIA among bidders for Adani’s $2.5 billion share sale - over 1 year ago
Mubadala Investment Co PJSC, BNP Paribas SA have also bid, the people said, asking not to be identified as the details aren’t public. The so-called anchor book for Adani Enterprises Ltd. was oversubscribed by 1.8-2 times, the people added.
Economic Times

Sensex crashes over 850 points: 6 key factors behind the bloodbath on D-Street - over 1 year ago
“The 18200 Nifty has become a major resistance level which is keeping the Nifty in the narrow band of 17800-18200. Now, it appears that a major trigger is necessary to break this range either on the upside or the downside,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
Economic Times

Sensex crashes over 600 points: 5 key factors behind the bloodbath on D-Street - over 1 year ago
“The 18200 Nifty has become a major resistance level which is keeping the Nifty in the narrow band of 17800-18200. Now, it appears that a major trigger is necessary to break this range either on the upside or the downside,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
Economic Times

Weak global cues drag Sensex 600 points lower; Nifty nears 17,900 - over 1 year ago
“The 18200 Nifty has become a major resistance level which is keeping the Nifty in the narrow band of 17800-18200. Now, it appears that a major trigger is necessary to break this range either on the upside or the downside,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
Economic Times

India’s largest IT firm by market cap ditched by FIIs for 10 quarters in a row! - over 1 year ago
While TCS reported strong numbers for the December quarter, it wasn’t good enough to entice investors as risks to earnings growth persists amid the macroeconomic slowdown in Europe and US.
Economic Times

Adani Group stocks lose up to 5% after Hindenburg reveals short positions - over 1 year ago
All 10 Adani Group stocks were in the red this morning with Adani Ports dropping the most at 5% to hit day's low at Rs 723. Other top losers in the pack included Adani Power, Adani Wilmar and Ambuja Cement - all of them lost 4% each.
Economic Times

Trader's Guide: These 2 stocks can rise up to 7% in short term - over 1 year ago
On Tuesday, the markets stayed within a defined range, ending up with negligible gains ahead of the monthly derivates expiry a day later. Action remained on some stock-specific moves.
Economic Times

Stocks to buy today: 6 short-term trading ideas by experts for 25 January 2023 - over 1 year ago
India VIX was down by 0.28% from 14.08 to 13.40 levels on Tuesday. Volatility has been hovering at lower levels from the last nine weeks and supporting the bulls to hold the overall command.
Economic Times

Saurabh Mukherjea takes cue from Brad Pitt film to launch quant fund - over 1 year ago
The selection of stocks, which is done using a Python code, begins with forensic screening and looking for companies with low leverage and consistent profitability. The portfolio combines uncorrelated factors like quality and value to lower downside risk.
Economic Times

Hot Stocks: Brokerages on Maruti Suzuki, TVS Motors, Pidilite Industries post Q3 results - over 1 year ago
Morgan Stanley maintained an overweight rating on Maruti Suzuki post December quarter results with a target of Rs 10,483.
Economic Times

Weak global cues pull Sensex, Nifty lower in early trade - over 1 year ago
“The 18200 Nifty has become a major resistance level which is keeping the Nifty in the narrow band of 17800-18200. Now, it appears that a major trigger is necessary to break this range either on the upside or the downside,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
Economic Times

Sensex drops 150 pts, Nifty below 18,100; CarTrade Tech gains 5%, MOSL falls 5% - over 1 year ago
Opening Bell: Sensex down 150 pts, Nifty below 18,100; CarTrade Tech gains 5%, MOSL falls 5%.
Economic Times

Hindenburg says it holds short positions in India's Adani, flags risks - over 1 year ago
The seven listed companies of the Adani group, which is controlled by world's third richest man Gautam Adani, have an 85% downside on a fundamental basis due to sky-high valuations, Hindenburg said in the report.
Economic Times

Hindenburg says holds short positions in India's Adani, flags risks - over 1 year ago
The seven listed companies of the Adani group, which is controlled by world's third richest man Gautam Adani, have an 85% downside on a fundamental basis due to sky-high valuations, Hindenburg said in the report.
Economic Times

Asian stocks rise to 7-month highs, hot inflation boosts Australian dollar - over 1 year ago
MSCI's broadest index of Asia-Pacific shares outside Japan advanced 0.4% to a seven-month high, with South Korean shares gaining 1.3% as trading resumed after the Lunar New Year holidays.
Economic Times

Big Movers on D-St: What should investors do with Maruti Suzuki, Tata Motors and TVS Motor Company? - over 1 year ago
Stocks that were in focus include names like Maruti Suzuki which rallied more than 3% post Q3 results, Tata Motors which gained more than 3% ahead of results on Wednesday, and TVS Motor Company which closed flat.
Economic Times

Buy or Sell: Stock ideas by experts for January 25, 2023 - over 1 year ago
ET Now spoke to various experts and here's what they have to recommend for today's trading session. Nooresh Merani has a buy/sell recommendation on ICICI Bank and GAIL while CA Rudramurthy has a buy/sell recommendation on DLF and Bank of Baroda for today's trading session. Check out the targets and stoploss.
Economic Times