Several BSE small cap stocks, such as Rico Auto Industries and KPR Mill, are moving closer to their 52-week highs, drawing the attention of market participants and investors. The companies have showcased strong operational capabilities and a positive outlook, making them intriguing prospects for future growth. Rico Auto Industries has expertise in manufacturing automotive components while KPR Mill specializes in the textile industry. Dynamatic Technologies, with a focus on precision engineering and aerospace solutions, has also demonstrated remarkable strength. The others nearing their 52-week highs are LG Balakrishnan & Bros, Ramkrishna Forgings, Power Mech Projects, and JBM Auto.

Stocks that have closed below their 200-day Simple Moving Average (SMA) can indicate a possible change in market sentiment and offer entry points for value investors. Companies such as Ambuja Cements, Whirlpool of India, and Coal India show potential long-term growth prospects despite closing below the 200-day SMA, while caution should be exercised when considering Vodafone Idea and Greenpanel Industries as investment options. Additional research and analysis of financials and industry trends are advised before making any investment decisions based on this trend.

The Bullish Harami Cross candlestick pattern has been spotted in the technical charts of several prominent stocks, indicating a possible trend reversal and presenting an opportunity for investors to explore. These include The Fertilisers And Chemicals Travancore, Kansai Nerolac Paints, Godrej Industries, Macrotech Developers, Jindal Stainless, and Natco Pharma. However, investors should conduct further research and analyze fundamental factors before making investment decisions. The Bullish Harami Cross pattern can serve as a valuable tool in identifying potential investment opportunities.

Amber Enterprises surged 13% on the NSE after union road transport minister Nitin Gadkari announced that air conditioners in driver compartments will be mandatory for truck manufacturers. Gadkari stated that he has signed the order to implement air conditioning and added that it is important to ensure drivers are well taken care of. The stock was trading at a discount of 12% from its 52-week high and has underperformed the Nifty 50, with 11% returns over a 12-month period compared to the Nifty's 22%. However, momentum indicators suggest that the stock has considerable upside potential.

The RSI of a stock is the ratio of the recent upward price movements to the absolute price movement. The value of RSI ranges between 0-100 and the data computes the value of RSI taking 14 days as the reference period. So, here are the stocks whose RSI has crossed 70 from below and suggests an overbought state. (Source: StockEdge)

Several stocks in the Nifty50 index, including HCL Technologies, JSW Steel, HDFC Life Insurance Company, and Tata Motors, reached new 52-week highs due to significant buying interest. HCL Technologies' focus on digital transformation services and innovative solutions helped it match its 1-year high. JSW Steel benefits from the overall uptrend in the steel sector and its solid operational performance. HDFC Life Insurance Company's strong market presence and increasing adoption of insurance products contributed to its success. Tata Motors' impressive sales in the passenger vehicle segment, focus on electric vehicles, and innovative product lineup drove its upward trajectory.

Several stocks in the BSE Midcap category are close to their 52-week highs, displaying potential for growth and possible breakout levels. Shriram Finance, Mahindra & Mahindra Financial Services, Cummins India, Exide Industries, REC, and Ashok Leyland are prominent players exhibiting strong momentum and showing promising performance. Each stock has a diversified portfolio and expertise in their respective industries, making them an attractive choice for investors.

The article highlights the top 10 Nifty 500 companies that are currently trading at a significant discount of 30% or more from their 52-week highs, offering potential investment opportunities for investors. The companies include Laxmi Organic Industries, Mahindra Logistics, PVR INOX, and Rajesh Exports, among others. Investors should conduct thorough research and evaluate financial fundamentals before making any investment decisions. Analyzing these discounted stocks can potentially uncover hidden gems with long-term growth and value appreciation.

Several BSE Small Cap stocks have reached 52-week highs, reflecting positive market sentiment towards their growth prospects. Leading the charge are companies such as Centum Electronics, Dixon Technologies, Engineers India, and HPL Electric & Power. The upward trajectory suggests increasing investor confidence in innovative solutions, strong industry expertise, and sustainable business models. Nonetheless, potential investors are advised to perform additional research and analysis of financial fundamentals before making any investment decisions.

According to Stock Edge’s absolute return scan, 5 stocks have rallied between 50-113% in a month, indicating that market participants are positive on these counters.

Mutual Funds showcased optimism towards Indian equity in May 2023, with a net buying activity of around Rs 2450 crore. This comes after being net sellers in April 2023, with sales of approximately Rs 4,500 crore. In the current MF Analysis conducted by ETMarkets, it was observed that 19 stocks were added to the portfolios of at least 10 MFs in May compared to April. To identify the top-performing stocks, only those that have yielded over 15% returns in FY24 so far were considered. (Data Source: ACE MF | ACE Equity)

InterGlobe Aviation's shares reached a 52-week high of INR2,500 ($33) in Tuesday's trading following an order of 500 Airbus A320 family aircraft, the largest single purchase order for any airline with Airbus, and worth approximately $50bn. IndiGo is set to receive the planes between 2030-2035. The purchase will further raise the airline's leading position in India, which is the third-largest aviation market, and contribute to further expansion in international destinations. The current order will make InterGlobe Aviation the world's biggest A320 family customer with 1,330 Airbus aircraft in total on order.

Timken Singapore, the parent of Timken India, sold up to 8.4% stake, or 63 lakh shares, in its India-listed firm for INR 1,890 crore through an open market transaction, fixing the floor price at INR 3,000 a share, a 14% discount to Monday's closing price of INR 3,485.5. Timken Singapore owned 67.8% in Timken India as of shareholding data for the quarter ending March 2023. Timken India's revenue from operations increased by 20% YoY to INR 802.5 crore in Q4 FY23.

Family offices need to be adept at managing investment risks and meeting long-term return expectations in a volatile and complex market with heavy geopolitical risks. Garnering strategic market intelligence is crucial to make informed decisions based on trends and scenario building through data analytics and risk monitoring. With each pool of capital having varied objectives, strategic market intelligence becomes even more important as it enables better-informed decisions to help minimise risks and maximise returns. Advisors with research and portfolio analytics can help devise investment portfolios to ensure efficient expense management, institutional-level fees, and tax planning.

The BSE smallcap index touched its new 52-week high of 32,531 on the back of low inflation and lower raw material prices led by a decline in crude oil prices. In the last one year, the BSE smallcap index rallied over 38% and outperformed the mid- and largecap indices. Meanwhile, based on the data available on Trendlyne, there are up to 30 buy calls on 9 small-cap stocks, and an upside of up to 40% is expected in these stocks. Here's a list:

Dixon Technologies' stock has surged 50% in a month on strong volumes, and experts believe the rally may continue. The momentum helped the stock climb above the 50- and 200-day moving averages on the daily charts. However, the Relative Strength Index (RSI) indicates that the stock is in the overbought zone. Short-term traders should look for opportunities to add the stock on declines for a potential target above INR6,000 ($81) in the next three months. Dixon's stock is trading above the upper Bollinger Band, indicating a volatility and uptrend breakout. Volumes have also been above average since May.

UK-based Abrdn Investment Management has sold its 2.18 crore shares in HDFC Asset Management Company for 126 times the price at which it acquired them in February 2018. The stake sale was conducted at a price of between INR1,800 ($24) to INR1,892.45 per share and following the deal, the shares of HDFC AMC surged by nearly 9% on the National Stock Exchange. This is the second equity sale by Abrdn in the HDFC-owned company. Last month, it sold its entire stake to private insurer HDFC Life via open market transactions.

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.

After a few weeks of upward movement, some of the IT stocks are once again witnessing pressure. Is the start of another round of fresh delivery based selling or it is another round of readjustment which the IT sector has been going through globally. 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.

Banking stocks are underperforming in India, with Nifty Bank down 0.76% in the last month, despite other sectors rallying. Major bank stocks ICICI Bank, Kotak Bank, HDFC Bank and SBI have 39% weightage in the Nifty index, and are the only ones holding it back from reaching all-time peaks. The underperformance can be attributed to weak charts of heavyweights such as HDFC Bank and ICICI Bank. Meanwhile, the sector has a fair valuation and should soon begin to perform well again, according to insiders.

Like every other industry, home building products like ceramic tiles and laminates witnessed headwinds when commodity prices including natural gas witnessed a sharp rise last year. Despite those pressures on margins, the topline numbers were much better than expected. Now with softening of some of the raw materials, the pressure on margins has come down, while the demand tailwind continues. For this report, we have selected stocks from the latest Stock Reports Plus report dated 20th June 2023 with an analyst count of at least 2 and a minimum average Stock Report Plus score of 5.

Sony Group should cut its losses and abandon its pursuit of a merger with Indian media giant Zee Entertainment Enterprises, argues Bloomberg's Andy Mukherjee. The Securities and Exchange Board of India (SEBI) have barred Zee's founder Subhash Chandra, and his son, Punit Goenka, from any executive roles at listed firms for allegedly faking loans owed. While shares in Zee have fallen 50% following the news, Mukherjee suggests Zee would regret not selling to Mukesh Ambani's Reliance Industries following its failed merger talks with Invesco Developing Markets Fund, which would likely have resulted in the Chandras' exit.

Investors include dividend stocks in their portfolios as they are rewarding consistent payouts irrespective of the market sentiments. Here are 10 stocks in the midcap space with highest dividend yields in the last 12 months. Source: Axis Securities.

Wipro's ₹12,000 crore ($1.58bn) share buyback programme, its largest in history, will open on June 22 and close on June 29. Wipro will buy back about 26.97 crore shares at a price of ₹445, which is a 17% premium over Monday's closing price of ₹380. Small shareholders are eligible for the buyback if they hold 62 shares for every 265 shares. The buyback will extinguish 4.91% of shares and lead to an increase in the aggregate shareholding of the promoters to 73.37% from 72.91%.

IIFL Securities' shares fell 19% to INR58 ($0.80) after the Securities and Exchange Board of India banned the brokerage firm from taking on new clients for two years, alleging that it violated regulations regarding segregation of client funds, among other things. The regulator also accused IIFL of not implementing its rules adequately over the previous 25 years and misusing credit clients' funds. Despite inspections and conversations about previous violations, IIFL didn't make any attempt to rectify its errors, SEBI said in a statement.

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.

Top brokerage firms have released their recommendations on various companies. Morgan Stanley has given an overweight rating to InterGlobe Aviation, while Jefferies has initiated a buy rating on JB Pharma. Furthermore, CLSA has retained its buy rating on ICICI Lombard, and AnandRathi has given a buy rating to Gujarat Gas, alongside maintaining a hold rating for MRPL and Chennai Petro. The brokerage firms suggest market share, margin trends, predictable earnings profile, and sustainable growth as the key drivers for the recommended companies.

“We see the following re-rating triggers in Oberoi: a) launch of the Thane project & customer response to the same, b) new project additions, c) healthy traction at 360-West, and d) significant scale-up in rentals,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

From the Sensex pack, HUL, M&M, IndusInd Bank, Maruti, Bajaj Finance, and HDFC opened with cuts, while Power Grid, Wipro, Titan, Kotak Bank, Asian Paints, and Tech Mahindra opened with gains.

Several BSE500 companies, including Apollo Tyres, Jindal Stainless, NCC, Suzlon Energy, and CG Power and Industrial Solutions, saw their stocks turn multibaggers after a significant reduction in the pledge shares of promoters in the last four quarters. Lemon Tree Hotels also saw considerable fall in pledge shares. The efforts taken by corporates and promoters to deleverage balance sheets in recent years is one of the major factors that has put India in a better position compared to its emerging market peers. India’s major transformation includes Make in India, GST, digitalization, new bankruptcy law, and a sharp decline in corporate balance sheet leverage.

From the Sensex pack, HUL, M&M, IndusInd Bank, Maruti, Bajaj Finance, and HDFC opened with cuts, while Power Grid, Wipro, Titan, Kotak Bank, Asian Paints, and Tech Mahindra opened with gains.

The Securities and Exchange Board of India (SEBI) on Monday said IIFL Securities was involved in the mixing of clients' funds with its own funds, utilizing credit balances in one client's accounts for the needs of another.

Sensex, Nifty decline marginally; IIFL Securities plunges 18%, HDFC AMC jumps 7%; Powergrid, Wipro, Titan are some of the gainers in the morning trade.

The Indian market may consolidate today after global cues remained muted, with investors booking profits at record-high levels. The BSE Sensex fell more than 200 points and the Nifty declined by 70 points due to increased volatility. Options data indicated that trading may range from 18,550 to 19,000 zones, but an immediate trading range is between 18,650 to 18,850 zones. Analysts have suggested several stocks to buy, including Reliance Industries, Tata Steel, Lemon Tree, and Divi's Laboratories, Bank of Baroda, BHEL, and Tata Power, for traders with a short-term horizon.

Eight stocks will not be available for F&O trade on Tuesday June 20. Indiabulls, India Cements, Manappuram Finance, Delta Corp, Zee Entertainment, Tata Chemicals, and L&T Finance Holdings were all banned. Moreover, Indiabulls has been restricted since June 6th. There may be ban periods on F&O contracts if the open interest on it exceeds 95% of the market wide positions limits and is only lifted if open interest falls below 80%. Bharat Heavy Electricals (BHEL) is no longer banned.

The offer price was at Rs 1,800 – Rs 1,892.45 per share which was at a discount of 4.9% from the closing price of Rs 1,892.45 on June 19, 2023.

Investors are scrambling to purchase shares in drug and condom maker, Mankind Pharma Ltd., which has had the most analyst coverage of any new Indian stock in 12 years after its highly successful May IPO. The shares have surged by 57% since being listed, driving its market value above $8bn. The firm has attracted nine buy ratings and one hold. While the majority of analysts recommend buying shares, the consensus price target is already 10% below the current value due to its stellar run.

Japanese stocks declined for two consecutive sessions due to investors locking in profits. Trading houses, however, increased after Warren Buffet added to his stakes in the sector. Tokio Marine Holdings and Mizuho Financial Group both dropped due to a broad sell-off in insurers and financial companies. The Topix index fell 0.81% to 2,271.91 but the trading house sector increased by 0.89%. Technical indicators show short-term overheating, causing investors to sell their stocks and lock their gains. McDonald's Holdings Company Japan rose 0.52% after announcing a price increase in its urban locations.

Warren Buffet's Berkshire Hathaway has added to its holdings in Japan's five leading trading houses: Sumitomo, Mitsui & Co, Mitsubishi, Marubeni and Itochu. Berkshire said the purchased stakes were in line with its plan to hold them long-term and increase them to as much as 9.9%. The stakes held now average over 8.5%. The additional purchases highlight the firm's optimism on Japan's prospects and their shareholder-friendly corporate governance reforms that have boosted the Nikkei share average, up 28% so far in 2021.

The stock of this company has been seen consolidating in a wide range of Rs 1,370 – Rs 1,190 since February. Within the wide range, it had recently formed a higher low after which the price has risen above the resistance offered by a horizontal trendline, thereby giving a range breakout. The volume has increased considerably over the past few sessions, increasing the breakout’s reliability.

Nifty futures on the Singapore Exchange traded 40 points, or 0.21 per cent, lower at 18,834.50, signaling that Dalal Street was headed for negative start on Tuesday. 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. CA Rudramurthy has a buy/sell recommendation on Indusind Bank and AU Small Finance while Nooresh Merani has a buy/sell recommendation on Bank of Baroda and BHEL for today's trading session. Check out the targets and stoploss.

Investors seeking to enter the market without spending huge sums can consider investing in these 7 Nifty bluechip stocks costing less than INR 1,000 ($14), according to ET Markets. Coal India, SBI, ITC, Tata Consumers, and others make up the list. Largecaps are more reliable for capital preservation and present less of a chance of loss in a fluctuating market. These 7 companies have logged sales and profit growth surges of more than 10% on a YoY basis, while most stocks have risen anywhere from 15-30%.

In the Nifty500 pack, nine stocks crossed their previous 5-year high value at the close on June 19, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.

The markets showed great promise on Monday but could not hold on to the position of breaching the lifetime high levels. The Nifty, which touched a high early in the trade, ended the day with a loss of more than one-third of a percent.

Indian markets ended lower due to a bearish trend in global markets and profit booking. BSE Sensex fell by 216 points, while Nifty declined by 70 points. Among various sectors, FMCG, auto, power and realty fell. Buying was seen in IT, metal and healthcare sector stocks. Bank of Baroda saw a breakout from an ascending triangle pattern and is expected to rise towards its breakout point. Shriram Finance formed a trend reversal pattern, and M&M finance witnessed a strong uptrend. Experts recommend buying Bank of Baroda, partial profit booking for Shriram Finance, and partial profit booking for M&M Finance.

In the Nifty500 pack, six stocks' prices crossed above their 200 DMA (Daily Moving Averages) on June 19, 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:

Asian stocks fell as China's latest rate cut failed to restore confidence in the weakening economy, and investors awaited another stimulus package from Beijing. China has lowered its one-year loan prime rate by ten basis points to 3.5% and the five-year LPR cut by the same margin to 4.2%. This is the first time Beijing has cut two key benchmark lending rates in ten months, as China tries to shore up the slowing recovery in the second-largest economy in the world. However, some analysts believe that a 15 basis-point cut would have been a more appropriate move to boost the property sector.

In the Nifty500 pack, six 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 19.

A bearish reversal scan on the candlestick screener can help ascertain stocks where the trend can change to a downtrend from an upward zone in the future. So, here are 4 stocks that have established a Hanging Man pattern and signal a bearish reversal. (Source: StockEdge)