Eid Parry approves 2nd interim dividend of Rs 4 per share - over 1 year ago
"The Board of Directors of the company approved the payment of a second interim dividend for the financial year 2022-23 at Rs 4 (Four rupees only) per share," the company said in a filing.
Economic Times

Rally in US tech stocks faces a reckoning ahead of tough earnings season - over 1 year ago
The fallout from Silicon Valley Bank’s collapse has spurred mixed narratives as to where policy and markets are headed. While worries of a recession are mounting, they’re also stoking optimism that the Fed will be forced to pause its rate-hike campaign, even as the central bank grapples with sticky inflation.
Economic Times

​Metal worst hit sector of CY23! Is a turnaround likely?​ - over 1 year ago
In CY23, the Nifty Metal index has been struggling. It has recorded a decline of roughly 18%, making it the worst performer so far. Compared to this, the benchmark Nifty has only dropped by about 3%. Out of the 15 stocks that constitute the Nifty Metal index, 12 have witnessed a negative performance in CY23, with five of them witnessing a significant decline of 10-55% in just over three months. Despite this, four out of these five stocks have the potential for growth, with a possible upside of 25-100%, according to Trendlyne data. (Data Source: ACE Equity)
Economic Times

China's first batch of bluechips under new IPO system surge in debut - over 1 year ago
The listing of the 10 companies on the main boards in Shanghai and Shenzhen marks the full roll-out of China's U.S.-style IPO mechanism, designed to make public share sales more market oriented. The system had already been adopted by Shanghai's tech-focused STAR Market, Shenzhen's start-up board ChiNext and the Beijing Stock Exchange for small companies
Economic Times

Multibagger stock Edvenswa Enterprises climbs 5% on order win - over 1 year ago
The company caters to data management and decision support services across banking & financials, healthcare & lifesciences, supply chain & logistics, energy, education and environment.
Economic Times

Japanese shares end higher on firm global economic outlook - over 1 year ago
Japanese stocks closed higher on Monday, with the yen a touch weaker, on hopes the global economy could hold up in the face of high inflation and interest rates, but moves were modest ahead of Bank of Japan Governor Kazuo Ueda's first news conference.
Economic Times

Buzzing Stock: Future Retail hit 5% upper circuit. Here's why - over 1 year ago
The company owns large and small format stores under the Big Bazaar Brand. It also has a 100% subsidiary which runs nearly 100 stores under the WH Smith brand. The shares of the subsidiary could be available for a buyer to purchase. The company also owns the Foodhall brand of stores though the stores under the brand number are under ten currently
Economic Times

Top picks of the week: 4 stocks with consistent score improvement and upside potential of up to 49% - over 1 year ago
After three months of volatile movement with bearish bias, the underlying trend in the volatility has shown the first sign of turning toward bulls. But the overall trend remains volatile. Even in such times during this period, some stocks have seen an improvement in their analyst scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Economic Times

India’s top money managers to share investing strategies at AIF & PMS Conclave 1.0 from April 12-13 - over 1 year ago
This year's summit will be held entirely online, with a lineup of expert speakers and interactive breakout sessions designed to provide attendees with valuable insights and networking opportunities.
Economic Times

Adani Total Gas shares hit 5% upper circuit after gas price cut - over 1 year ago
In Q3 FY23, Adani Total Gas posted 17% growth in consolidated net profit at Rs 150 crore. The same was Rs 128 crore in the corresponding quarter of last year. Its revenue from operations rose 27% year-on-year (YoY) to Rs 1,185 crore for the third quarter of FY23. It was Rs 931 crore in the same quarter last year.
Economic Times

Chart Check: Up 24% since March! What is fueling the rally in Manappuram Finance? - over 1 year ago
The stock started its upward journey after making a 52-week low of Rs 81 on 20th June 2022. It started making higher highs and higher lows, but the momentum fizzled out in August 2022.
Economic Times

Godrej Properties, Sobha shares soar up to 8%. Here's why - over 1 year ago
The quarter and the financial year also marked the company’s highest-ever project deliveries. The developer delivered projects aggregating over 10 million sq ft across 5 cities in 2022-23 including 7.6 million sq ft in the fourth quarter.
Economic Times

Learn With ETMarkets: You, me and trading: Discussion of trading strategies using RSI indicator - over 1 year ago
There were gains of 10, 5, and 15 points in five sessions. We are looking at a 5-day pattern, so we divide it by 5. Hence, the average gains are 6 points. Losses add up to 10-points, 5 points in two sessions. When divided by five, the average loss is 2 points.
Economic Times

A long trade for white good major from Tata group with bullish option for India’s largest cement player - over 1 year ago
The price of this company had formed a short-term peak in early March at Rs 933 and has been sliding lower, thereafter. A few sessions’ price was consolidating and has now given a trendline resistance breakout, after forming a higher low. This breakout is supported by a rise in volume which increases the reliability of the breakout.
Economic Times

Chart Check: Up 24 rally since March! What is fueling the rally in Manappuram Finance? - over 1 year ago
The stock started its upward journey after making a 52-week low of Rs 81 on 20th June 2022. It started making higher highs and higher lows, but the momentum fizzled out in August 2022.
Economic Times

A long trade for white good major from tata group with bullish option for India’s largest cement player - over 1 year ago
The price of this company had formed a short-term peak in early March at Rs 933 and has been sliding lower, thereafter. A few sessions’ price was consolidating and has now given a trendline resistance breakout, after forming a higher low. This breakout is supported by a rise in volume which increases the reliability of the breakout.
Economic Times

DLF, Bharti Airtel among 9 stocks that jumped above their 200 DMAs - over 1 year ago
In the NSE list of stocks with a market cap of over Rs 10,000 crore, nine stocks closed above their 200 DMA (Daily Moving Averages) on April 6, 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.
Economic Times

Tata Motors shares jump over 8% as global wholesales rise in Q4 - over 1 year ago
The company reported its global wholesales at 3,61,361 units for the quarter ended March 31, 2023, up by 8% over FY22, the company informed in its filing to the exchanges. The global wholesales also included sales of its flagship Jaguar Land Rover vehicles. Global wholesales for Jaguar Land Rover stood at 107,386 vehicles. Jaguar wholesales for the quarter were 15,499 vehicles, while Land Rover wholesales for the quarter were 91,887 vehicles.
Economic Times

Trader's Guide: 2 stocks that can rally up to 6% - over 1 year ago
The last trading day of the week on Thursday saw the markets move in a defined range, with the Nifty ending the day with a low gain. The volatility index has tested a previous low point, causing anxiety in the markets.
Economic Times

Stocks to buy or sell today: 8 short-term trading ideas by experts for 10 April 2023 - over 1 year ago
"Also, on the hourly momentum indicator we can observe negative divergence which indicates loss of momentum on the upside. After witnessing a 700 points rally in the last five trading sessions a consolidation is highly likely," Gedia said.
Economic Times

Sensex, Nifty edge higher on gains in bank, auto stocks - over 1 year ago
On the sectoral front, Nifty Auto gained 0.84% and Nifty Realty rose 1.63%. PSU banks, IT, media, metal, pharma, consumer durables and oil & gas stocks also opened with gains. In the broader market, Nifty Smallcap50 rose 0.11%, while Nifty Midcap50 opened flat.
Economic Times

Sensex gains 150 points, Nifty above 17600; Tata Motors rises 5% - over 1 year ago
Sensex rises 150 points, Nifty above 17600; Tata Motors, Godrej Prop rally 5% each; Future Consumer, Vakrangee, BHEL are some of the top movers in morning trade.
Economic Times

Death Crossovers: These 5 stocks signal bearishness - over 1 year ago
In the NSE list of stocks, five stocks with a market cap of over Rs 1,000 crore have been witnessing Death Crossovers, according to stockedge.com's technical scan data. The death cross is a technical indicator of bearishness. The death cross appears on a chart when a stock’s short-term simple moving average (SMA) crosses below its long-term moving average on the downside. The 50-day SMA crossed below their 200-day SMAs on April 6. Take a look:
Economic Times

Technical stock picks: DLF among 4 stocks that can rally up to 32% in near term - over 1 year ago
So far in 2023, Nifty has fallen over 3% amid weak global cues. However, the Indian equity market witnessed some relief last week when the RBI, in a surprise move, decided to keep the repo rate unchanged at 6.50%. Amid this backdrop, a host of analysts have shared their views on particular stocks that look promising on tech charts in near term. Here is a list of 4 tech picks from various analysts:
Economic Times

Buy or Sell: Stock ideas by experts for April 10, 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 L&T and Bajaj Auto while Nooresh Merani has a buy/sell recommendation on BEL and Indian Hotels for today's trading session. Check out the targets and stoploss.
Economic Times

Stocks in focus: Muthoot Fin, Alkem Lab and more - over 1 year ago
Nifty futures on the Singapore Exchange traded 22 points, or 0.12 per cent, lower at 17,694.50, signaling that Dalal Street was headed for negative start on Monday. Here are some stocks which are expected to see some action in trade today.
Economic Times

Big Movers on D-St: What should investors do with Cholamandalam Investment, Dr Reddy’s Laboratories and HCL Tech? - over 1 year ago
Post reversal, the stock has already rallied over 8%. Currently, the stock is comfortably trading above short-term averages, and it also formed a range breakout formation on the weekly charts which indicates the continuation of the uptrend in the future.
Economic Times

Asian shares subdued as jobs data raises odds of Fed rate hike - over 1 year ago
"Not only should high inflation and a still-strong labour market keep cuts unlikely," according to Citi strategists. "But we see persistently too-strong inflation as leading to further hikes." Citi expects three further 25 basis point rate hikes.
Economic Times

Stocks in news: Adani Wilmar, Titan, Tata Motors, Mahindra Finance - over 1 year ago
Tata Motors global wholesales in the fourth quarter, including Jaguar Land Rover, were at 3,61,361 units, higher by 8%, as compared to the same period last year.
Economic Times

SGX Nifty down 20 points; here's what changed for market while you were sleeping - over 1 year ago
Further, with the start of the fourth quarter earnings season, there will be stock specific action and IT majors TCS and Infosys will be in focus ahead of results later this week.
Economic Times

PE investors infuse Rs 730 crore into Arohan Financial - over 1 year ago
American asset manager Nuveen and Dutch development bank FMO have put in Rs 165 crore each in Arohan while Piramal Alternatives and a European development financial institution invested Rs 200 crore each.
Economic Times

FY'23 loan growth at 11 year high despite steep hike in lending rates - over 1 year ago
While bank loans rose 14.6 percent in FY'23, deposits rose just 9.6 percent. Credit growth in the last fiscal is the highest since FY'2011-12 during which credit rose 17 percent. Significantly, lending rates rose the steepest in FY'23.
Economic Times

Mauritius authority quizzes investment managers over fees - over 1 year ago
The Mauritius Revenue Authority (MRA) has launched a probe into the finances of at least seven investment managers (IMs) who advise funds on stocks in markets such as India. The MRA is said to be questioning the fees earned by the IMs and the extent to which income is transferred to entities in other countries. Mauritius previously attracted foreign investors thanks to its affordable fees and business-friendly laws. However, other jurisdictions embarked on a crackdown on tax havens prompting tax offices to seek substance in investment structures.
Economic Times

Brookfield investing $1 billion in Avaada - over 1 year ago
Canadian investor Brookfield has agreed to invest $1bn in Avaada Ventures to support green ammonia plans and scale up renewable energy, in what would be the largest investment by a clean energy company in one go. Vineet Mittal, founder of the Avaada group, signed a formal agreement with Brookfield, with the first tranche of $400m already disbursed. The remaining $600m will be disbursed based on performance-linked milestones.
Economic Times

REC raises Rs 350 million five-year loan to diversify liabilities across currencies - over 1 year ago
The loan was linked to the Euribor or Euro Interbank Offer Rate, which is the interest rate at which a panel of European banks borrow funds from one another.
Economic Times

US consumer prices are seen staying firm, testing Fed - over 1 year ago
Government figures Wednesday are expected to show a 0.4% monthly gain in the core consumer price index, which excludes food and energy and better reflects the scope of underlying inflation.
Economic Times

Financials likely to lead Nifty rally: Analysts - over 1 year ago
The April F&O series had started with high futures open interest of `2.2 trillion, largely led by FPI shorting index futures. FPIs’ shorts were about 91% in total share of their open interest in index futures. Extremely oversold conditions and global risk-on have enabled domestic equities to recover smartly.
Economic Times

Indiabulls ropes in Oaktree to buy its loans - over 1 year ago
The infusion of debt capital will happen through a jointly-formed special purpose vehicle (SPV) which would float instruments like debentures that Indiabulls and Oaktree would subscribe to.
Economic Times

Heroes or Villains: Short sellers' role in the US banking crisis - over 1 year ago
Investors who wager shares in a company will fall were increasing bets on First Republic's stock when it was already taking a beating, making it difficult for the bank to recover its value.
Economic Times

Recession probabilities rising, Fed nearing the end: Summers - over 1 year ago
Summers discounted Friday's March jobs report, which he said reflected the strength of the economy early in the first quarter but is now less relevant given prospects of a tightening in credit. The data showed another firm gain for US payrolls, with the unemployment rate dipping to 3.5%.
Economic Times

Stock Radar: A breakout from an inverse Head & Shoulder pattern makes this private bank an attractive buy - over 1 year ago
The stock recorded a breakout from the pattern earlier in April which has opened room for the stock to head above Rs 900 levels in 2 weeks, suggest experts.
Economic Times

Stock Radar: Buy ICICI Bank for a target of Rs 920, says Shivangi Sarda - over 1 year ago
"ICICI Bank stock has given a breakout from its head and shoulders pattern and falling supply trend line on daily frame and good support from a positive rollover in the entire private banking space will aid the stock for an upside potential of around 920 levels with a stop near 860 zones," Shivangi Sarda, Analyst, Derivatives and Technical Research, Motilal Oswal Financial Services Ltd, said.
Economic Times

9 stocks held by over 100 MF schemes, trading near 52-week lows - over 1 year ago
Investors often seek to purchase stocks during a market correction with the belief that they will reap higher profits when the market rebounds. However, the critical question that arises is which stocks to choose, as several stocks are available at substantially corrected prices during a market correction. For retail investors, it is wise to monitor the activity of institutional investors as they conduct extensive research before investing heavily in stocks. ET Markets has identified nine stocks that are held by over 100 MF schemes and whose prices are trading just 5% away from their 52-week lows. (Data Source ACE MF)
Economic Times

Lenders likely to post robust Q4 numbers; PSU banks profit may touch record high of Rs 1 lakh cr in FY23 - over 1 year ago
PNB's net profit for the third quarter was down 44 per cent to Rs 628 crore due to higher provisioning. SBI recorded the highest net profit of Rs 14,205 crore, an increase of 68 per cent.However, Saha said, there would be pressure on the net interest margin of all banks due to rising deposit rates and a decline in current accounts and savings accounts (CASA)
Economic Times

Market Trading Guide: Aptech, Tata Motors among 5 stock recommendations for Monday - over 1 year ago
The Indian equities continued to trade higher for the fifth consecutive trading session on Friday RBI kept the repo rate unchanged at 6.5%. Sectorally, it was a mixed show with some of the indices including IT, FMCG and consumer durable ending in the red.“Technically, after a long time, Nifty reclaimed the level of the 200-day SMA and has formed a bullish candle on daily and weekly charts. We are of the view that 17500 and 17375 would act as key support areas for the index while 17700 -17800 could act as resistance zone,”Amol Athawale, Deputy Vice President - Technical Analyst, Kotak Securities, said.Here are stock recommendations for Monday:
Economic Times

Value Picks! 10 stocks with below industry PE levels that can rally up to 64% - over 1 year ago
Low PE stocks are considered as value stocks, which are best suited for long-term investment horizons. UPL, Apollo Tyres, M&M Financial Services and Power Finance Corporation are trading at lower PE than their respective industry PE, according to Trendlyne data. Meanwhile, these stocks belong to different industries and can rally up to 64%, Trendlyne data suggested.Here is a list of 10 stocks with below industry PE levels that can rally up to 64%, according to Trendlyne data:
Economic Times

These 5 stocks have seen prices, volumes go up in the last 3 days - over 1 year ago
A host of brokerage firms have buy recommendations on a number of counters. They see a strong potential for value unlocking in these companies, with a targeted upside of up to 58%. These stocks belong to various sectors such as banking, realty, auto component & equipment, household appliances and more. Here is a list of 10 money-making ideas that can rally up to 58%:
Economic Times

Surprise output cut decision by OPEC Plus countries heating up crude oil markets - over 1 year ago
This move was unexpected as the producer’s allies earlier hinted that they did not intend to make changes in their production policies. Although the latest announcement made some sharp upticks in global oil prices, its impact may be limited as the global economy is going through a challenging phase.
Economic Times

Bank Nifty may consolidate, buy decline towards 40500-40700: ICICIdirect - over 1 year ago
Sell April 13 Bank Nifty 41,100 Call at 235-240 & Sell April 13 41,100 Put at 270-274; target: 50; stop loss: 400; time frame: till expiry.
Economic Times

FPIs dump Indian equities worth Rs 37,631 cr in FY23; trend likely to reverse in FY24 - over 1 year ago
Foreign portfolio investors (FPIs) withdrew Rs 37,631 crores from Indian equities during the last fiscal year, after selling a record amount the previous year. However, FPIs are expected to return in the current financial year as India has a high growth potential in 2023-24. Factors including US federal reserve policy, oil prices and geopolitical developments may affect FPI flows this year. Domestic institutional investors have absorbed the massive selling by FPIs, while oversold sectors such as FMCG, capital goods, and healthcare hold potential for contrarian growth, according to Geojit's Chief Investment Strategist.
Economic Times