The article lists the top 10 Nifty 500 companies that are trading at a discount of 30% or more from their 52-week highs, offering potential investment opportunities to those in search of undervalued stocks. These companies belong to sectors such as logistics, travel, fashion, specialty chemicals, pharmaceuticals, construction, and banking. Despite their recent stock price declines, these companies have strong market positions, diversified portfolios, and strategic collaborations that position them well for future growth. Investors are advised to conduct thorough research before making any investment decisions.

ETMarkets has identified 7 stocks showcasing Bullish Strong Line patterns, indicating a probable shift in market sentiment from bearish to bullish. These are UCO Bank, Tejas Networks, Route Mobile, KPR Mill, Affle (India), Shriram Finance, and Piramal Enterprises. Despite slight dips in returns, the pattern suggests potential reversals in their downtrends, making these companies worth considering for a potential investor's portfolio. These companies specialize in various industries such as banking, networking products, cloud communication, textile, consumer intelligence and mobile marketing, and financial services.

StockEdge’s technical scan on MACD revealed that 3 Nifty50 stocks can see an uptick in share prices. But first, let's understand MACD and other metrics of importance here.

Investors are eyeing BSE Midcap stocks that are approaching their 52-week high levels, including Mahindra & Mahindra Financial Services, Exide Industries, Ajanta Pharma, MRF, Lupin, and Tube Investments of India. These stocks show promising growth potential and have attracted investor attention. Mahindra & Mahindra Financial Services, Exide Industries, and MRF are industry leaders in their respective sectors, while Ajanta Pharma and Lupin are prominent companies in the healthcare industry. Tube Investments of India is a renowned player in the engineering sector.

Shares of Zee Entertainment Enterprises rose over 6% due to comments by Sony Pictures on their proposed merger deal. Sony said that they were monitoring the situation closely, sparking hope that the 2-year-old deal may not fall through. There is still significant uncertainty over the deal, however, due to Zee's legal troubles over loan defaults and reports that stock exchanges were reconsidering approvals for the merger. The Securities Appellate Tribunal (SAT) is set to make a final ruling on the interim order barring Zee's Chairman and MD from holding directorial positions until further notice.

RSI or Relative Strength Index computes the ratio of the recent upward price movement to the absolute price movement. The metric ranges from 0-100 and the time period considered here by StockEdge to measure the metric is 14 days.

SpiceJet's shares rose 7% to Rs 29 midweek after managerial negotiations with Nordic Aviation Capital. The two companies agreed to settle all past liabilities on Q400 leased by NAC to SpiceJet. As a result of the settlement, SpiceJet will introduce three additional Q400 aircraft from NAC, which had been repossessed by the lessor, back into the company's fleet. The move will see a substantial increase in the number of planes in the fleet. The average target price of the SpiceJet stock is Rs 43, suggesting an upside potential of 49% from current prices.

Several companies, including REC, JBM Auto, Fertilisers and Chemicals Travancore, Mishra Dhatu Nigam, Tata Motors, Cummins India, JB Chemicals & Pharmaceuticals, and APL Apollo Tubes, surpassed their respective 5-year highs on June 20, 2023. This breakthrough indicates growing investor confidence and positive sentiment towards the companies, signaling a potential bullish trend for the market. The reasons behind the breakthrough vary, but they all reflect the companies' resilience, robust financials, focus on sustainability and innovation, and ability to capitalize on emerging opportunities in their respective industries.

ETMarkets has identified 7 stocks that exhibit a Bullish MACD Crossover through their screener. The crossover, a sign of an upward trend, has been observed in Max Financial Services, Metro Brands, JSW Energy, Indraprastha Gas, Tech Mahindra, L&T Technology Services, and Biocon, present investment opportunities for traders. Max Financial provides life insurance services, Metro Brands deals in retail, JSW Energy supplies power, Indraprastha Gas is in the city gas distribution business, Tech Mahindra provides IT services, L&T Technology Services offers engineering solutions, and Biocon is a biopharmaceutical company developing innovative therapies for chronic illnesses.

Investing in the stock market is similar to practising yoga, where the mind, body and soul must be aligned, according to Vijay Kedia, managing director of Kedia Securities. Speaking on International Yoga Day, he advised investors to keep calm, find their purpose and never be too elated or depressed by a sudden stock rise or fall. Discussing current market trends, Nilesh Shah, managing director at Kotak Mahindra Asset Management Company, recommended long-term asset allocation. He suggested investors should remain focused on personal goals rather than index levels and not get too excited about record highs.

In today's MF analysis, ETMarkets has identified six stocks in which over 15 mutual fund schemes have cut their investments during May, compared to April. Interestingly, among these stocks, three have experienced a share price growth of more than 10% in the fiscal year 2024 so far, while one stock has witnessed a substantial decline of approximately 20% during the same period (Data Source: ACE MF). Take a look at the list and find out if you own any of them.

ETMarkets, a comprehensive market analysis tool, has identified five Indian stocks above Rs 5,000 crore market capitalization exhibiting the Golden Crossover pattern. A bullish signal occurs when the short-term moving average crosses above the long-term moving average indicating stock momentum shifting from bearish to bullish. These five stocks are SIS Ltd., Century Plyboards (India) Ltd., Bikaji Foods International Ltd., Tata Steel Ltd., and Ashok Leyland Ltd. Investors must analyze historical performance and consider economic factors before making any investment decisions, and utilizing this pattern is a starting point for investors.

Several Nifty stocks, including Britannia Industries, HCL Technologies, and Tata Consumer Products, have reached new 52-week highs, signaling robust growth and promising investment opportunities. Investors are closely watching Britannia Industries for continued momentum, while HCL Technologies' achievement reaffirms its position as a key player in the tech industry. Tata Consumer Products' strategic acquisitions and expansion into new markets have contributed to its remarkable performance, and HDFC Life Insurance Company's consistent growth and product offerings have garnered investors' attention. Similarly, Tata Motors' strategic initiatives, Power Grid Corporation's renewable energy focus, and NTPC's commitment to clean energy have resulted in market success.

Investors should monitor six Indian companies with a Relative Strength Index (RSI) above 75 and market capitalisation over Rs 75,000 crore ($10bn), according to an ETMarkets screener. Hindustan Aeronautic and Bharat Electronics are both in the defence sector, while ICICI Prudential Life and two other firms are insurers. The final firm is Britannia Industries, which sells biscuits, cakes, and dairy products. An RSI of over 75 signals overbought conditions that increase the probability of a shift in direction, but the strong market positions of the firms might still make them attractive long-term investments.

SMA or simple moving average is a technical indicator used in the financial markets. It is a type of moving average that is computed by calculating the average of prices taken into consideration over a specified number of days. So, in order to compute a security’s 20 SMA, the closing price of the last 20 days will be added and then shall be divided by 20.

ETMarkets has identified nine Indian stocks where the MACD line has recently crossed below the signal line, indicating a potential downward trend. Among these are financial institution IDFC, energy and environment solutions provider Thermax, aluminum producer National Aluminium, and wind energy company Suzlon Energy. The bearish crossover did not rule out the attractiveness of these high-capacity companies. Other stocks include construction and engineering business Carborundum, tobacco, and hospitality giant ITC, and multinational pharmaceutical company Sun Pharmaceutical.

The market capitalisation of BSE-listed companies reached an all-time high of INR 294.49 lakh crore as the Sensex benchmark hit a record high of 63,588.31. The optimistic trend in equities allowed the market capitalisation of all firms listed on BSE to reach a peak, thanks to buying by index majors, HDFC twins and Reliance Industries. The Indian stock market has seen a solid rally in the last few months, especially within the mid- and small-cap ranges. Furthermore, positive foreign institutional investor flows, robust economic growth, strong earnings outlook, and robust demand from investors are driving investor confidence.

Foreign institutional investors have opened a $9bn-strong wallet for Dalal Street in FY24, as Sensex hit a record lifetime high at 63,588 while on International Yoga Day today, some analysts said the market has been slowly stretching without any sharp up or down moves. IndusInd Bank, Power Grid, Tata Motors, Titan Company and Ultratech Cement are among the seven other stocks that have delivered double-digit returns, but Infosys shares are down 21% since the last Sensex peak, while Reliance Industries (RIL) has lost about 6.5%.

Rail Vikas Nigam (RVNL) has received three letters of acceptance from Chennai Metro Rail for various underground stations. The orders are valued at INR 3,058.20 Crore ($412m), and the projects will be completed in a span of up to five years. The share price of the PSU rose over 4% on BSE following the announcement of the orders. Analysts remain bullish on the stock, and the consensus recommendation from one is a strong buy, with an average target price showing an upside potential of 5% from current market prices.

The market capitalisation of BSE-listed companies reached an all-time high of INR 294.49 lakh crore as the Sensex benchmark hit a record high of 63,588.31. The optimistic trend in equities allowed the market capitalisation of all firms listed on BSE to reach a peak, thanks to buying by index majors, HDFC twins and Reliance Industries. The Indian stock market has seen a solid rally in the last few months, especially within the mid- and small-cap ranges. Furthermore, positive foreign institutional investor flows, robust economic growth, strong earnings outlook, and robust demand from investors are driving investor confidence.

The removal of indexation benefit from debt funds has created a level playing field between debt funds and fixed deposits (FDs). Despite the change, the high interest rate environment provides attractive fixed income options for investors. For investors with short- to medium-term horizons, arbitrage funds are low-risk, provide stability and are tax efficient. For the medium term, debt funds are a better option than FDs due to their liquidity and potential to provide better returns. For investments greater than four years, public provident fund, traditional insurance plans, and debt funds offer flexibility and security.

As Nifty comes closer to form a new high, more small cap stocks are joining the party. Right from a logistic company of a large industrial house to a diagnostic major to quick service restaurant players are coming on the list. 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.

Rail Vikas Nigam (RVNL) has received three letters of acceptance from Chennai Metro Rail for various underground stations. The orders are valued at INR 3,058.20 Crore ($412m), and the projects will be completed in a span of up to five years. The share price of the PSU rose over 4% on BSE following the announcement of the orders. Analysts remain bullish on the stock, and the consensus recommendation from one is a strong buy, with an average target price showing an upside potential of 5% from current market prices.

Jefferies has recommended a 'Buy' on Reliance Industries (RIL) shares based on the expectation of faster revenue growth. The brokerage firm predicts a 22% upside in the stock from current levels and lists four reasons why RIL could see a rally, including growth potential in the retail sector, improving margins in O2C, Jio's broadband traction aiding 5G monetisation and green energy investments. Jefferies sees risks-to-reward favourable for RIL and sets a price target of Rs 3,125.

Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.

In the last five years many segments of the chemical and specialty chemical sector had been coming into focus. They stay in the limelight for some time, then as too much money chases them which makes their valuations move up sharply and then a long phase of consolidation. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

Indian auto air conditioning manufacturer Subros rose 44% following Union Road Transport Minister Nitin Gadkari's announcement truck drivers cabins must be fitted with air conditioning. In a speech at a trade show, the minister said he had signed a document stating all cabins for drivers must be air-conditioned, adding: "We must ensure that people who drive the trucks are comfortable." Subros shares soared as much as 20% to INR521.4 ($7.91) in heavy trading in Mumbai on 19 April. Gadkari made the announcement at the Desh Chaalak auto industry event.

Power company NTPC, which is listed on India's S&P BSE Sensex index, has hit a fresh record high, with chart patterns indicating the rally could continue. Traders could consider buying the stock for a potential target of INR 200 ($2.67), say experts. A triangle breakout was witnessed on the weekly chart, and support has continued to hold above its 50-week moving average so far this year, while higher highs and higher lows suggest the base is moving higher. Despite being in overbought territory, the NTPC could push past the INR 200 level, said Equity Derivatives & Technicals analyst Arpit Beriwal.

Brokerage firms have maintained their recommendations on various companies, with JPMorgan and Jefferies retaining their overweight and buy ratings on United Spirits and Reliance Industries respectively. HDFC AMC has been recommended as a buy by Jefferies, while Goldman Sachs suggests buying HDFC Bank. Morgan Stanley, meanwhile, has maintained an overweight rating on L&T. The companies are expected to deliver growth and improve profitability metrics, with HDFC AMC scaling up passives and alternatives and L&T enjoying a strong position in the market, according to the firms' reports.

Piramal Enterprises has sold its entire 8.34% stake in Shriram Finance via block deals, worth INR 4,630 crore, marking another significant deal in the financial services sector. Shares of Shriram Finance hit their fresh one-year high and were locked in a 15% upper circuit on NSE, while shares in Piramal Enterprises were up 12% in the opening trade. Shriram Finance has emerged as the largest non-banking financial company in India, with AUM of INR 193,730 crore, according to a Crisil report.

Varun Beverages, Pepsico’s second-largest franchise outside of the US, has seen a significant increase in share prices. The company is the only one belonging to the Nifty FMCG index that has garnered multibagger returns in just one year. Such strong figures have been attributed to consistent earnings growth upgrades, near-monopoly positions in the beverages industry, the expansion of distribution reach and executing capabilities. The company has recently commissioned a manufacturing unit in Bihar and has incorporated a subsidiary in South Africa to expand its reach further. Despite the bullish sentiment, some analysts remain cautious.

Gold and silver futures were trading flat in Wednesday's opening session on the MCX due to the dollar's strength and the cautious attitude of investors before the US Federal Reserve Chairman Jerome Powell's testimony. Powell's semi-annual monetary policy report is expected to focus on the need for further interest rate increases amid hawkish remarks from policymakers. The market may face some pressure, and gold is expected to be rangebound with a slight bearish tilt ahead of the testimony. Investors are interested in knowing Powell's take on the monetary policy path moving forward.

From the Sensex pack, UltraTech Cement, Power Grid, Wipro, Tech Mahindra, L&T, HDFC Bank, and TCS opened higher, while NTPC, Axis Bank, Sun Pharma, Infosys, Bajaj Finserv, and Tata Steel opened in the red.

Nifty surged nearly 9% since March 2023 on the back of positive global cues, strong FIIs inflow, low inflation and lower raw material prices. Meanwhile, MarketSmith has a positive view on some stocks that it believes are near the buy point. According to MarketSmith data, these stocks include Ashok Leyland, MRF and Wendt India. Here is a list of 5 stocks that are near the buy point, as listed on MarketSmith:

Sensex gains 100 points; Nifty above 18,800; Shriram Finance surges 10%, ZEEL 3%; Sun TV Network, Spicejet, Wipro are some of the gainers in the morning trade.

The Indian market is set to consolidate as the S&P BSE Sensex rallied over 150 points and Nifty50 closed above 18,800 levels. In the last week, the India VIX has been hovering in a small range, while volatility has decreased and comforted the bulls at support zones. Option data suggests a shift in the broader trading range between 18,550 to 19,000 zones with an immediate trading range in between 18650 to 18900 zones. Stocks include BHEL, Bajaj Consumer, and HCL Technologies among others, with suggested target prices and stop loss.

Nifty futures on the Singapore Exchange traded 10 points, or 0.05 per cent, lower at 18,872, signaling that Dalal Street was headed for muted start on Wednesday. Here's a slew of stocks that will be in focus today for various reasons.

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 L&T Tech and Piramal Enterprises while Nooresh Merani has a buy/sell recommendation on HCL Tech and Kotak Bank for today's trading session. Check out the targets and stoploss.

Equitas Small Finance Bank, Birla Corporation, and Sanofi India were the top new small-cap picks by Indian mutual funds and portfolio management scheme (PMS) managers in May. Equitas SFB was selected by 9 mutual funds, 10 PMS, 13 unit-linked insurance plans, and one alternative investment fund. Other small-cap picks included Indiamart Intermesh, Affle India, VIP Industries, Birlasoft, Can Fin Homes, PVR, Inox, and Exide Industries. Meanwhile, managers sold off shares of Zee Entertainment Enterprises, PVR Inox, JB Chemicals, and Gland Pharma.

From the Sensex pack, UltraTech Cement, Power Grid, Wipro, Tech Mahindra, L&T, HDFC Bank, and TCS opened higher, while NTPC, Axis Bank, Sun Pharma, Infosys, Bajaj Finserv, and Tata Steel opened in the red.

Indian tech unicorns such as Paytm, Zomato, and PB Fintech have rebounded from a global selloff last year and have gained between 28% to 69% this year, adding over $4.7 billion in market value. These companies have focused more on profitability, leading them to exit businesses that showed little promise and cut costs. Even though the global concerns remain, the sector has regained interest as pandemic-safe investments due to its potential in emerging technologies such as artificial intelligence. Despite their gains this year, some shares still trade below their IPO price.

Seven stocks, including Indiabulls Housing Finance, India Cements, and L&T Finance Holdings, are under a futures and options (F&O) ban for trading on 21 June. The ban occurs when open interest on futures or options contracts exceeds 95% of total positions limits and only ends once that figure falls below 80%. The banned stocks will still be available for trading in the cash market, however. The Nifty50 advanced 0.33% to $18,816.70 and Nifty Bank rose 0.30% to $43,766.50.

In the Nifty500 pack, five stocks crossed above their 200 DMA (Daily Moving Averages) on June 20, according to stockedge.com's technical scan data. The 200-day daily moving average (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:

The markets on Tuesday started off on an even keel, but staged a recovery later. The Nifty saw a corrective move in the morning but entered into the positive territory during the day, only to end the session with a rise of one-third of a percent.

On the candlestick screener, a bullish reversal pattern helps identify stocks that can move upwards from a downtrend. Here are 3 Nifty500 stocks that have established a bullish engulfing pattern on Tuesday and hint at bullish reversal in the future. (Source: StockEdge)

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 June 20.

Using the candlestick scanner, one can identify the stocks where the bulls are currently ruling the roost, nonetheless the bears are quietly making a move. So, here are smallcap stocks that established Bearish Cross in trade on 20 June, 2023. This pattern is indicative of an upcoming change in the current bullish trend. (Source: StockEdge)

Indian markets closed higher on Tuesday with Fag-end buying. HDFC AMC rose by 11.29%, while Tata Motors was up by 3%, and Central Bank of India surged by 5.44%. Viral Chheda, Sr Technical Analyst at SSJ Finance & Securities, suggests buying these stocks. HDFC AMC is moving above its 20 DMA and 200 DMA and is expected to move further upside with significant volume. Tata Motors has performed well with its major averages of 20 DMA, 50 DMA and 200 DMA moving upwards. Central Bank of India has breached the downward falling channel on a positive note, indicating an upward movement.

Asian stocks were subdued due to lack of new stimulus steps from Beijing, leading to speculation around US Federal Reserve Chair Jerome Powell's hawkish stance on interest rates. The S&P 500 futures and Nasdaq futures remained flat, while EUROSTOXX 50 futures rose 0.2%, and FTSE futures 0.1%. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.8%. The yen recovered amid profit taking on short positions, but the markets are concerned about the lack of urgency by the Bank of Japan to change its policy of keeping bond yields low.

Indian tech unicorns such as Paytm, Zomato, and PB Fintech have rebounded from a global selloff last year and have gained between 28% to 69% this year, adding over $4.7 billion in market value. These companies have focused more on profitability, leading them to exit businesses that showed little promise and cut costs. Even though the global concerns remain, the sector has regained interest as pandemic-safe investments due to its potential in emerging technologies such as artificial intelligence. Despite their gains this year, some shares still trade below their IPO price.