Buy or Sell: Stock ideas by experts for April 11, 2023 - over 1 year ago
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 Tata Chemicals and RBL Bank while Nooresh Merani has a buy/sell recommendation on UPL and BEL for today's trading session. Check out the targets and stoploss.
Economic Times

Buffett says he holds 7.4% stake in five Japanese trading houses, including Itochu-Nikkei - over 1 year ago
In an interview with the newspaper, Buffett also said he would visit Japanese trading houses and Tungaloy Corp offices during his stay in Japan this time. Berkshire Hathaway had more than a 6% stake in each of those five trading houses, according to regulatory filings made in November last year.
Economic Times

2 Tata stocks for a swing trade with potential gain of 4-6% - over 1 year ago
The markets on Monday saw volatility spiking with the Nifty ending the day with minor gains, having started the day on a positive note. The index is expected to show an upside amidst volatility in the next few days.
Economic Times

Tupperware shares slump 49% after hiring advisers to address concerns about its viability - over 1 year ago
Tupperware failed to file its 10-K for 2022, which likely puts it in violation of credit facility covenants. The company also has cash constraints due to higher interest costs and the timing of re-engineering actions.
Economic Times

Tata company for a long trade along with bullish option trade in M&M Financial - over 1 year ago
Over the past few months, the price of this company has slid lower from a peak of Rs 1215 to a bottom of Rs 877, formed on December 22. Recently, the price was consolidating inside a falling-parallel channel and has surpassed the resistance of its upper trendline. The breakout is supported by a rise in volume, which increases the reliability of the breakout.
Economic Times

2 tata stocks for a swing trade with potential gain of 4-6% - over 1 year ago
The markets on Monday saw volatility spiking with the Nifty ending the day with minor gains, having started the day on a positive note. The index is expected to show an upside amidst volatility in the next few days.
Economic Times

Indian shares set to open higher ahead of March quarter earnings - over 1 year ago
The Nifty 50 has risen nearly 4% over the past six sessions. Corporate earnings, scheduled from Tuesday, will be the near-term trigger for markets, according to analysts.
Economic Times

US stock market: Wall Street ends mixed with inflation data, earnings on tap - over 1 year ago
Economically sensitive transports, semiconductors , small-caps and industrials outperformed the broader market, hinting that the economy is sturdy enough to withstand further rate increases from the Federal Reserve.
Economic Times

What is happening to the Metal sector? Is recovery on the horizon? - over 1 year ago
The Nifty Metal sector has been the worst performer so far in the Calendar Year 23. The sector has been struggling and has even recorded a decline of roughly 18%. If we compare it to the benchmark Nifty - it has only dropped by about 2.8%. Now, out of 15 stocks that are there in the Nifty metal index, 12 had a negative performance in CY23 and 5 of them witnessed a significant decline of 10-55% in over 3 months. (DATA SOURCE: ACE EQUITY) However, 4 out of these 5 stocks have the potential for growth - with a possible upside of 25-100% as per Trendlyne data.
Economic Times

Stocks in news: Bank of Baroda, SBI, Vedanta, JSW Steel, Cipla - over 1 year ago
Public sector lender Bank of Baroda recorded healthy advances growth for the March quarter, showing a growth of nearly 19% over the previous year period.
Economic Times

Zerodha expects 20% jump in FY23 revenue, profit: CEO Nithin Kamath - over 1 year ago
If correction in stock market continues amid global macro trend, revenue may fall 30-40% in current fiscal, says CEO Nithin Kamath
Economic Times

Sebi asks AIF to provide option of direct plans - over 1 year ago
Also, for category III AIFs, which invest in listed securities, the distribution fee needs to be charged on a trail basis. These measures have been brought in to enhance the transparency and curb misselling, Sebi circular added.
Economic Times

RBI brings out norms for outsourcing of IT services - over 1 year ago
The RBI has directed all regulated entities to ensure that the service provider employs the same high standard of care in performing the services as would have been employed by regulated entities if the same activity was not outsourced.
Economic Times

Debt, rates and US-China risks in focus as IMF meets this week - over 1 year ago
The April 10-16 Spring Meetings hosted by the International Monetary Fund and World Bank will also see a raft of related meetings, including the Group of 20 finance chiefs. The G-20 will face another contentious attempt to craft a joint statement on their prognosis for the global economy, after having failed to do so in February thanks to disputes over Russia's Ukraine invasion.
Economic Times

Sensex, Nifty end flat on Fed uncertainty - over 1 year ago
The Sensex ended at 59,846, up 13.54 points or 0.02% from Thursday's close. The Nifty gained 24.90 points, or 0.14%, to close at 17,624. India's banks, stock and money market were closed on Friday for Good Friday.
Economic Times

Realty stocks extend gains on rate pause, strong sales - over 1 year ago
On Monday, real estate stocks advanced for the sixth straight day, adding to last week's gains as the status quo by the RBI means relief for home buyers from higher interest costs.
Economic Times

Kalyani Group cos complain to Sebi over Hikal stake - over 1 year ago
Kalyani Group entities claimed they had submitted applications with the compliance officer of Hikal for increasing their shareholding as per the Sebi laws. They alleged these applications were allegedly not given the go-ahead by the compliance officer based on "fabricated justification at the behest of the Hiremath family". The Audit Committee too did not approve even after the Kalyani Group entities raised the issue, they alleged.
Economic Times

TCS likely to report muted Q4 revenue growth, better profits - over 1 year ago
Analysts expect the operating margin to expand by 10-70 basis points sequentially as the pressure of employee attrition eases. “We expect 30bp improvement in operating margin, led by stabilizing supply and receding attrition,” mentioned Motilal Oswal Financial Services in a preview report.
Economic Times

Reliance Capital lenders cancel today's auction - over 1 year ago
According to sources, the bidders who have confirmed their participation in the second round of auction are IndusInd International Holdings Ltd (IIHL) of Hinduja Group, Torrent Investment and Singapore-based Oaktree. The major concern of the bidders is the compliance of resolution plans with the Insolvency and Bankruptcy Code (IBC) and Request for Resolution Plan (RFRP), guidelines, as in the first round of auction, the Hinduja Group firm submitted the bid post-auction.
Economic Times

High-yielding loans, lower provisions to boost bank nos - over 1 year ago
Analysts say robust credit offtake and resolutions of a few stressed assets too will boost March quarter performance.
Economic Times

Tata Motors jumps 5% after strong JLR sales in Q4, Goldman upgrade - over 1 year ago
On Monday, Tata Motors advanced 5.4% to log its biggest single-day gain in two-and-a-half months. It was the top Sensex performer, with more than 5 crore shares traded on the BSE and NSE, over six times its combined average daily volume in the last one month, as investor sentiment strengthened towards India's second biggest car maker.
Economic Times

Wall St fluctuates as investors weigh jobs report, earnings on tap - over 1 year ago
Among the 11 major sectors of the S&P 500, communication services and technology suffer the largest percentage losses.
Economic Times

Stock Radar: Buy Manappuram Finance for a target of Rs 138, says Ajit Mishra - over 1 year ago
“Manappuram Finance has been among the top-performing names in the NBFC basket. After the initial phase of correction post listing, it witnessed a trend reversal in 2016 and scaled from the double-digit mark to a new record high of 201.22 levels in November 2021,” Ajit Mishra, VP - Technical Research, Religare Broking Ltd., said.
Economic Times

​9 consumer discretionary stocks hit a new 52-week high, do you own any? - over 1 year ago
The Sensex remained mostly unchanged at 59,846 on Monday with a modest gain of 13 points. Amid a volatile trading session, 9 stocks in the BSE consumer discretionary index reached their highest levels in 52 weeks, a critical technical signal for some traders and investors to evaluate a stock's present worth and anticipate its future price fluctuations. The 52-week high represents the highest price at which a stock was traded over the preceding year.
Economic Times

Adani Group rejects 'offshore funding' charges, calls media report inaccurate - over 1 year ago
Adani Group on Monday shared a letter sent to the Financial Times following its publication of an article that contained fundamental misunderstandings of prior Adani Group disclosures, and resultant inaccuracies in the story. Adani Group said in the letter that the article titled "Indian data reveals Adani empire's reliance on offshore funding" is a "mendacious, deliberate effort to attempt to paint the Adani family and the Adani Group in the worst possible light".
Economic Times

SBI to consider raising of up to $2 billion via unsecured USD notes - over 1 year ago
The fund raising for long-term requirements will be in single or multiple tranches.
Economic Times

Mutual funds, LIC cut stake in Adani Ports during March quarter - over 1 year ago
Combined stake of MFs stood at 3.09% at the end of March quarter, compared with 4.43% as of December 2022. FPIs' holdings increases to 17.98% as of March quarter against 13.77% at the end of December quarter
Economic Times

Wall Street slips after US jobs report raises rate hike fear - over 1 year ago
The highly anticipated report on U.S. employment showed hiring slowed more than expected but remained steady last month.
Economic Times

All Adani group firms settle in positive territory, three stocks jump 5 pc - over 1 year ago
Shares of Adani group firms saw gains on Monday on the BSE, with some companies hitting their upper circuit limits. This occurred as the group listed out details of stake sales in its firms, and investment was ploughed back into businesses to counter claims by Congress leader Rahul Gandhi. The group rebutted reports in an international publication, which allegedly was the basis of Gandhi's statement, by stating that the competitive race to tear down Adani may be alluring, but the group is fully compliant with securities laws and is not obscuring promoter ownership or financing.
Economic Times

Bajaj Finserv Mutual Fund files papers with Sebi to launch 7 schemes - over 1 year ago
Bajaj Finserv Mutual Fund has filed draft documents with Sebi to launch seven schemes in equity, debt, and hybrid spaces. These schemes include liquid funds, money market funds, overnight funds, large and mid-cap, balance advantage, and flexi cap funds. The company will launch these products after receiving approval from the regulator. With this, the total number of open-end and close-end funds launched in the calendar year 2022 reached 179 and 49, respectively, collectively garnering Rs 62,187 crore. Bajaj Finserv Ltd had received the final registration from Sebi in March 2022 to commence its mutual fund operations.
Economic Times

Market Trading Guide: Automotive Axles among 5 stock recommendations for Tuesday - over 1 year ago
Indian equities pared the intraday gains because of rising odds of a US Federal Reserve rate hike in May and ended marginally higher on Monday, helped by strong quarterly business updates from auto and realty companies.The benchmark indices eked out gains, extending the winning streak to a sixth straight day. Logging its longest gaining streak in four months, the 30-share BSE Sensex ended up 13.54 points. Nifty settled at 17,624.Meanwhile, sectorally, it was a mixed day, with Nifty Realty emerging as the outlier, while Nifty PSU Bank was the top loser.“Overall, the consolidation shall provide an opportunity to initiate fresh longs. In terms of levels crucial support is placed at 17,550 – 17,500 while immediate hurdle is placed at 17,680 – 17,700. Overall, the uptrend is still intact and we expect the Nifty to target levels of 17,800 from a short-term perspective,” said Jatin Gedia, Technical Research Analyst, Sharekhan by BNP Paribas.Here are stock recommendations for Tuesday:
Economic Times

TCS likely to deliver muted Q4 revenue growth - over 1 year ago
Analysts expect the operating margin to expand by 10-70 basis points sequentially as the pressure of employee attrition eases. “We expect 30bp improvement in operating margin, led by stabilizing supply and receding attrition,” mentioned Motilal Oswal Financial Services in a preview report.
Economic Times

Mutual funds invest Rs 1.82 lakh cr in equities in FY23 on strong push from retail investors - over 1 year ago
Mutual funds invested INR 1.82 lakh crore in the Indian equities in the financial year 2022-23, primarily due to interest from retail investors and the correction in the stock market, according to data from the Securities and Exchange Board of India (SEBI). The favourable policies of the Indian government, along with its focus on investment-led growth, will drive future earnings growth, while the Production-Linked Incentive policy and China+1 drive are expected to boost the manufacturing sector and contain the country's trade deficit. Financial services, followed by IT, capital goods, auto and healthcare, were the sectors with the highest allocation in mutual fund portfolios.
Economic Times

Counter to Rahul Gandhi's Rs 20,000 cr claim: Rahul Gandhi' says USD 2.6 bn stake sale money came in group firms - over 1 year ago
Adani Group rebutted Congress leader Rahul Gandhi's claim that INR 20,000 crores had come into the conglomerate through shell firms. The entity detailed how USD 2.87 billion in stake sales since 2019 had been reinvested in business, with USD 2.55 billion of that going into portfolio firms. Adani stated that investors including International Holding Company PJSC had invested USD 2.593 billion in firms like Adani Enterprise and Adani Green Energy, while promoters sold off stakes in Adani Total Gas and AGEL to raise USD 2.783 billion. The funds were then used for new business and existing portfolio firms.
Economic Times

US stocks open lower as jobs report stokes rate-hike worries - over 1 year ago
Dow falls 60.04 pts, S&P 500 opens lower by 19.82 points, while Nasdaq Composite drops 112.82 points
Economic Times

JSW Steel Q4 crude steel output rises to 6.58 MT - over 1 year ago
"While the company achieved 100 per cent of its guidance for consolidated Indian operations, production volumes at JISPL (JSW Ispat Special Products Ltd) and JSW Steel USA - Ohio were impacted due to shutdowns and subdued market conditions for part of the year," it said.
Economic Times

Bank of Baroda Q4 Update: Advances jump 19% to Rs 9.7 lakh cr, deposits up 15% - over 1 year ago
According to the fourth quarter business update released by the bank, global gross advances jumped 19% to Rs 9.73 lakh crore in the period ending March 2023. Whereas, domestic advances jumped 16.9% YoY to Rs 7.99 lakh crore. Domestic retail advances rose 26.9% YoY to Rs 1.78 lakh crore.
Economic Times

Tech View: Nifty charts show bulls getting tired. What traders should do on Tuesday - over 1 year ago
The presence of crucial overhead resistance and an emergence of minor weakness from the highs could indicate further consolidation or minor downward correction for the Nifty from near 17,650-17,700 levels in the coming sessions, he said.
Economic Times

NSE cautions investors against 'dabba' trading - over 1 year ago
The exchange said that these persons are not registered either as a member or authorised persons of any registered member of the NSE. Moreover, a police complaint has been lodged in this regard.
Economic Times

Stock Radar: This NBFC hit a fresh 52-week high in April; should you buy, sell or hold? - over 1 year ago
Experts advise short-term traders to look at buying the stock now for a possible target above Rs 130 in 2-3 weeks
Economic Times

Sensex ends flat in volatile trade; Nifty tops 17,600 - over 1 year ago
The 30-share BSE benchmark Sensex rises 13 points; Tata Motors top gainer
Economic Times

Sensex ends flat, Nifty above 17,600; Tata Motors rallies 7% - over 1 year ago
Closing Bell: Sensex ends flat in volatile trade; Nifty above 17,600; ONGC rises 4%, Wipro 2%.
Economic Times

Indian pharma – time for a cyclical upturn in US generics? - over 1 year ago
Due to absent competition, such drugs become huge cash cows for innovator companies. Titans in this space include companies like Gilead Sciences, J&J, Roche, Merck, Amgen, Pfizer, AbbVie, Novartis, and AstraZeneca, to name a few.
Economic Times

Investors must do this to prepay home loan EMI via systematic withdrawal plan - over 1 year ago
“It is a prudent strategy to invest a lump sum amount in certain mutual fund categories and use the returns to pay home loan EMIs, especially if the home loan rates are sub-8% p.a.”
Economic Times

India's overnight swap market pricing in rate cuts before 2023 end - analysts - over 1 year ago
India's overnight indexed swap (OIS) rates suggest the Reserve Bank of India (RBI) will cut interest rates towards the end of 2023. The rates plunged after the RBI kept the repo rate at 6.50% last week. ICICI Securities Primary Dealership senior economist Abhishek Upadhyay said the swaps market was also pricing in the same. Nomura economists said they expected consensual cuts in the October-March period of 75 basis points, after the RBI halted its policy of sixeenth rate hikes totaling 250 basis points in fiscal 2023.
Economic Times

Not obscuring promoter ownership and financing: Adani Group clarifies on FT report - over 1 year ago
Last month, Financial Times carried a report saying that offshore companies linked to the Adanis invested at least $2.6 billion in the group between 2017 and 2022, which is 45.4% of the more than $5.7 billion it received in total FDI over the period.
Economic Times

Don't limit your options; there is more to IT sector than just TCS, Infy, HCL and Wipro - over 1 year ago
As the earning season kicks off with TCS results on 12th April, focus would stay on top 5 IT companies. However, there is more to the IT sector. It is mid and small cap IT stocks. While they have been in correction mode for the last more than nine months, if one looks at the bigger picture, after April 2020, mid and small cap companies have gone through a sea change both in their business models, customer profiles and most importantly their valuation matrix.
Economic Times

Yes Securities upgrades Paytm target price ahead of Q4 results - over 1 year ago
In a recent exchange filing, the company said it has achieved a new milestone in offline payments with the deployment of 6.8 million Paytm payment devices like Soundbox and PoS. In just one year, the company has gone to 6.8 million devices deployed from 2.9 million devices a year ago.
Economic Times

Multibagger stock, with over 250% returns in 2 years, trades ex-split today - over 1 year ago
The company said it is splitting its shares to improve the liquidity of the company's shares in the market and make it more affordable for small investors and retail investors. The split will be completed within 3 months from the approval of the Board.
Economic Times

Reliance Retail, Adani Group JV showing interest to acquire Future Retail - over 1 year ago
Reliance Retail and Adani Group JV have shown interest in acquiring Future Retail. As many as 49 applications have been received so far in acquiring Future Retail. Even previously, Reliance Retail and Adani Group JV had submitted bids for Future Retail, however, the prospective resolution applicants (PRAs) did not turn up at the time of submission of the final bid. ET NOW's Ankur Mishra has all the exclusive details.
Economic Times