Greaves Cotton rises 7% on strong June qtr numbers - 7 days ago
Greaves Cotton on Thursday reported a consolidated Profit After Tax (PAT) of Rs 15.94 crore in the April-June quarter of FY23. The company had posted a loss of Rs 22.48 crore in the corresponding period of the previous fiscal.
Economic Times

Asian Paints looks to ramp up home décor business. Will it emerge successful? - 7 days ago
The paint industry is highly dependent on the performance of the real estate sector, which has been sluggish for the past few years. Paint companies have entered various businesses to decrease their dependence on the realty segment. According to the FY22 annual report of Asian Paints Ltd, it is the leading paint manufacturer in India and has not fallen behind other companies when it comes to diversifying its portfolio.
Economic Times

Page Industries shares hit 52-week high on strong Q1 earnings - 7 days ago
The stock witnessed a similar movement on the NSE, where it started at Rs 49,750, and then touched its 52-week high of Rs 50,350, a rise of 2.73 per cent over its last close.
Economic Times

Painful or rewarding: How would TechM's push on acquisitions turn out? - 7 days ago
Tech Mahindra (TechM) has used acquisitions to gain or bolster capabilities, enter or strengthen presence in a geography, and get access to key clients. Incidentally, FY22 has also been the most active in terms of mergers and acquisitions (M&A) activity.
Economic Times

Reading Charts: Decoding impact if different perspectives on market analysis - 7 days ago
A chart can reveal whatever the analyst wants to see in the chart. If the trader believes that the market is at an all-time high and can’t go any higher due to valuations or any other reason, then he will try to spot a bearish pattern in the charts.
Economic Times

This smallcap hits 5% upper circuit after manifold rise in the Q1 PAT - 7 days ago
Shares of the company have rallied about 135 per cent in the last one year. The scrip has almost doubled investors' wealth in the last six months, the data suggests. Belagavi-based Shri Keshav Cements and Infra, formerly Katwa Udyog, is engaged in the manufacturing of ordinary portland cement. The company also offers project consultancy for construction. Incorporated in 1993, the company launched its initial public offering in 1995. It set up and commissioned a 20 MW captive solar plant in Koppal (Karnataka) in March 2018.
Economic Times

Aditya Birla Capital says ADIA to invest Rs 665 crore in health insurance JV - 7 days ago
"Aditya Birla Health Insurance has a strong management team, a wellness-first product offering and a differentiated distribution model. We look forward to partnering with Aditya Birla Capital and Momentum Metropolitan Holdings to support the next phase of ABHI’s growth.”
Economic Times

Hot Stocks: Global brokerages on SAIL, Trent, Rainbow Children Medicare and Bharat Forge - 7 days ago
"Standalone results are better than expected. Domestic and international businesses are well-placed for the next two years. Scale-up of non-auto business to aid in revenue and margin improvement," said the note.
Economic Times

Up 50% in 2022, will Nifty's black diamond continue to shine? - 7 days ago
According to the brokerage, CIL will continue to perform well on account of high thermal power demand, high international coal prices and subsequent increase in demand for domestic coal, leading to higher e-auction premiums.
Economic Times

Paytm July update: 82% jump in GMV, loans disbursed at Rs 2,090 crore - 7 days ago
Paytm said its offline payments leadership strengthens with a total number of devices deployed exceeding 4.1 million. Consumer engagement, it said, was at its highest on Paytm Super-App with average monthly transacting users (MTU) at 77.6 million for the, up 41 per cent YoY.
Economic Times

5 investing basics that may help you digest volatility in the stock market - 7 days ago
Volatility and stock markets go hand in hand as share prices move up one day and down the next day. For long-term investors, especially newbies trying their luck in the market, it can be quite a nerve-racking experience seeing the value of their portfolio fluctuating on a daily basis. Global investment firm Franklin Templeton suggests that these 5 ideas may help investors ride the volatility:
Economic Times

Paytm plunges 5% as IIAS asks shareholders to vote against CEO reappointment - 7 days ago
“We take comfort in the board’s assertion that the company has an effective mechanism for succession planning for the orderly succession of directors and senior management personnel. We raise concerns that he (Sharma) is not liable to retire by rotation, and that he will get board permanency if he continues in a non-executive capacity following the end of his term as managing director,” IIAS said.
Economic Times

Chart Check: After 1,800% rally in 2 years, this multibagger can hit up to Rs 17,000/share in 6 months! - 7 days ago
“A weekly bullish candle, supported by volumes has been formed and a new high of 9420.50 is made by the stock, initiating a range breakout possibility,” Bharat Gala, President - Technical Research, Ventura Securities, said.
Economic Times

Sensex falls over 100 pts, Nifty below 17,650; TechM, Maruti Suzuki top losers - 7 days ago
"Two, the return of FIIs into the Indian market, which has completely changed the market sentiments here. It is important to appreciate the fact that FPIs have made a complete turnaround in their strategy in India with sustained buying over the last 10 sessions. This, and the fact that India has the best growth story for this year and the next, will impart resilience to the market," Geojit said.
Economic Times

Global Markets: Asian stocks fall on nagging Fed rate hike worries - 7 days ago
Chicago Fed President Charles Evans said he believes the Fed will likely need to lift its policy rate to 3.25%-3.5% this year and to 3.75%-4% by the end of next year, in line with what Fed Chair Jerome Powell signaled after the Fed's latest meeting in July.
Economic Times

Stocks to buy today: top 6 short-term trading ideas by experts for 12 August - 7 days ago
"Nifty showed some signs of sell-on-news as the morning gains could not be sustained. There are no new data points on the horizon which can impact the Nifty in the near term," Deepak Jasani, Head of Retail Research, HDFC Securities, said.
Economic Times

Sensex sheds over 50 pts, Nifty below 17,650; tech, autos drag - 7 days ago
Indian shares edged lower in early trade on Friday, as technology and automobile stocks declined amid weakness in other Asian markets, while investors awaited domestic inflation data. The NSE Nifty 50 index was down 0.09% at 17,643.20 and the BSE Sensex fell 0.08% to 59,287.62. Nifty's IT index, which firmed up 1.79% on Thursday, declined 0.51%, while the auto index fell 0.24%.
Economic Times

Big Movers on D-St: What should investors do with Home First, Bank of Baroda and EID Parry? - 7 days ago
It also formed long bullish candles on daily and weekly charts which is broadly positive. We are of the view that as long as the stock is trading above 20-Day SMA (Simple Moving Average) or Rs 560, the uptrend formation is likely to continue. Above which, it could move up to Rs 600-625.
Economic Times

Buy or Sell: Stock ideas by experts for Aug 12, 2022 - 7 days 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 Jubillant Food and United Spirits while Chandan Taparia has recommended Indian Hotels and Oberoi Realty for today's trading session. Check out the targets and stoplosses.
Economic Times

Stocks in focus: AB Capital, Apollo Hospitals, Paytm and more - 7 days ago
Nifty futures on the Singapore Exchange traded 12.5 points, or 0.07 per cent lower at 17,676, signaling that Dalal Street was headed for a flat start on Friday. Here are some of the stocks which may buzz the most in today's trade.
Economic Times

Corporate Radar: Eicher Motors, CAMS to turn ex-dividend; LIC's Q1 results; AGMs, and more - 7 days ago
UPL, Bata India, Godrej Industries, Elgi Equipments, Eureka Forbes, Kennametal India, Ahluwalia Contracts, Vidhi Specialty Food Ingredients, Andhra Paper, ADF Foods and Balmer Lawrie Investments will host their AGMs today.
Economic Times

Stocks in the news: LIC, Apollo Hospitals, Bata, Trent, Auro Pharma, Patym and Grasim - 7 days ago
LIC, Grasim, ONGC, Info Edge, Divi's Labs, Hindustan Aeronautics, Hero Motocorp, Muthoot Finance, Astral, Power Finance Corp, Timken India, ZEE and Sun TV are among the companies that will announce their earnings for the quarter ended June 2022.
Economic Times

SGX Nifty trades 5 points up; here's what changed for market while you were sleeping - 7 days ago
Major Asian stocks gave up their early gains to trade lower on Friday, after rebounding following gains on Wall Street after US economic data showed inflation may be slowing. MSCI's index of Asia-Pacific shares outside Japan was down by 0.17 per cent.
Economic Times

Big Movers on D-St: What should invetors do with Home First, Bank of Baroda and EID Parry? - 7 days ago
It also formed long bullish candles on daily and weekly charts which is broadly positive. We are of the view that as long as the stock is trading above 20-Day SMA (Simple Moving Average) or Rs 560, the uptrend formation is likely to continue. Above which, it could move up to Rs 600-625.
Economic Times

Stocks in the news: LIC, Apollo Hospitals, Bata, Trent, Auro Pharma and Grasim - 7 days ago
LIC, Grasim, ONGC, Info Edge, Divi's Labs, Hindustan Aeronautics, Hero Motocorp, Muthoot Finance, Astral, Power Finance Corp, Timken India, ZEE and Sun TV are among the companies that will announce their earnings for the quarter ended June 2022.
Economic Times

Sebi plans tighter eligibility criteria for F&O inclusion - 7 days ago
"Though Sebi's intention could be to curb manipulation by ensuring only liquid stocks can trade in the F&O segment, it will deny investors the ability to hedge many stocks against volatility," said an analyst from a leading brokerage. "Sebi should increase the number of stocks in the F&O segment so that investors can have a good risk management strategy."
Economic Times

Sensex rises to 4-Mth high on US cues; FPIs stepping up buys to take it higher - 7 days ago
"Those results are consistent with our view that inflation is peaking but remains too high," said Ed Yardeni, founder and chief investment strategist at Yardeni Research, in a note to clients. "So, we expect that the Fed will hike the federal funds rate again by 75 bps in September then pause rate-hiking for the rest of this year."
Economic Times

Robinhood must face U.S. market manipulation claims over 'meme stock' rally, judge rules - 7 days ago
Stock trading platform Robinhood Markets Inc must face market manipulation claims over restrictions it placed on trading during last year's "meme stock" rally, a U.S. judge has ruled.
Economic Times

U.S. stock market: Is it a bull, a bear, or a bull in a bear? - 7 days ago
Some investors define a bear market more specifically as a decline of at least 20% in a stock or index from its previous peak, with the peak defining the beginning of the bear market, which is only recognized in hindsight following the at-least 20% decline.
Economic Times

Nasdaq retreats as rate hike fears cool stock rally - 7 days ago
According to preliminary data, the S&P 500 lost 3.19 points, or 0.08%, to end at 4,207.05 points, while the Nasdaq Composite lost 74.73 points, or 0.58%, to 12,780.08. The Dow Jones Industrial Average rose 32.20 points, or 0.10%, to 33,341.71.
Economic Times

Nifty shows potential to gain another 13%; pvt banks, oil & gas, NBFCs to shine - 7 days ago
About 14 stocks from the Nifty, including ONGC, UPL, HDFC Life, SBI Life, Axis Bank, and Hindalco, could gain over 15% in a year, according to Motilal Oswal Financial, based on Bloomberg consensus estimates.
Economic Times

Stock Radar: This auto giant records breakout from a triple bottom pattern; time to buy? - 7 days ago
Short-term traders can look to buy the stock now for a possible target of Rs 540-545 in the next 7-8 weeks, which would also result in a fresh multi-year high in the next few weeks, suggest experts.
Economic Times

Stock Radar: This auto stock can help you make profits in the next 7-8 weeks - 7 days ago
On broader charts Tata Motors has formed a triple bottom pattern around 375 levels and thereon recovered sharply once again above its 200 days exponential moving average on daily charts, Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.
Economic Times

BofA Securities sees 12% downside for Nifty50 from here on. Here's why - 7 days ago
"Given the slowing global growth and recessionary concerns around the corner, we expect earnings cut to continue. However, we believe earnings cut could moderate as the key risks highlighted above are showing signs of moderation," it said.
Economic Times

Shapoorji Pallonji to offload 1.25% stake in Sterling and Wilson Renewable Energy - 7 days ago
The seller proposes to sell up to 23,70,787 equity shares having a face value of Re 1 each, representing 1.25 per cent of the total issued and paid-up equity share capital of the company."The Offer For Sale (OFS) shall take place on a separate window of the stock exchanges on August 12 from 9:15 am to 3:30 pm for non-retail investors.
Economic Times

Shapoorji Pallonji to offload 1.25 pc stake in Sterling and Wilson Renewable Energy - 7 days ago
The seller proposes to sell up to 23,70,787 equity shares having a face value of Re 1 each, representing 1.25 per cent of the total issued and paid-up equity share capital of the company."The Offer For Sale (OFS) shall take place on a separate window of the stock exchanges on August 12 from 9:15 am to 3:30 pm for non-retail investors.
Economic Times

Market Trading Guide: REC among 3 stock recommendations for Friday - 7 days ago
On Thursday, the 30-share headline indices jumped 515.31 points to end at 59,332.60. Its broader peer, Nifty50, also zoomed over 124 points to close above the 17,650 mark."Nifty had a decent rally from the lows of 15,200 levels with currently almost attaining the downward sloping trendline resistance zone of 17,800 where there is a crucial resistance barrier, and the chances of anticipating some dip or correction can't be ruled out. The index got the 17,200 and 17,000 levels where the significant 200 DMA lies as the strong support zone, and there should be a good genuine reason to break those levels. At the same time, a decisive breach and close above 17,800 would trigger another upward movement till around 18,300 levels in the coming days," said Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher."Multiple narrow range candles could attract some price consolidation; however, the appearance of three upward gaps in the past ten sessions with momentum oscillators hovering at the overbought zone is likely to trigger relatively higher price volatility. Nifty’s immediate trading band is between 17,400-17,800 zone," said Amit Trivedi, CMT, Technical Analyst - Institutional Equities, Yes Securities.Here are three stock recommendations that analysts suggest for Friday:
Economic Times

BofA Securities sees 12% downside for Nifty50 from here on. Here's why? - 7 days ago
"Given the slowing global growth and recessionary concerns around the corner, we expect earnings cut to continue. However, we believe earnings cut could moderate as the key risks highlighted above are showing signs of moderation," it said.
Economic Times

US stocks advance amid cooling inflation pressures - 7 days ago
The Dow Jones Industrial Average rose 215 points, or about 0.7%. The S&P 500 added 0.6%, and the Nasdaq Composite rose 0.7%.
Economic Times

Coal India likely to extend rally on strong business momentum - 7 days ago
The earnings surprise was led by higher e-auction sales with highest ever realization, which surged 177% year-on-year and 78% quarter-on-quarter on the back of sharp rise in international coal prices.
Economic Times

Tech View: Nifty50 forms small bearish candle; major hurdles ahead - 7 days ago
"If we draw a trendline connecting the October 2021 high and subsequent highs, the Nifty50 is now steadily approaching the resistance zone of 17,900-18,000. This is a make or a break range for the Nifty50. If the index fails to move beyond 18,000, we could see a serious decline coming in," said independent analyst Manish Shah.
Economic Times

Gainers & Losers: ICICI Bank, ITC among top 5 stocks in spotlight today - 7 days ago
Suggesting a continuation of the uptrend in the market, Nifty ended above 17,650 while Sensex rallied over 500 points as investors cheered the US inflation data for July. Fear gauge index India VIX eased over 6 per cent as banks and IT stocks led the rally. Media, FMCG and auto stocks were under pressure. Here are a handful of stocks that were in focus today:
Economic Times

Hindalco shares down despite healthy Q1 show! What should investors do? - 7 days ago
Hindalco said its results were driven by better macros, robust performance of aluminium downstream and copper businesses along with better operating efficiencies.
Economic Times

Down over 39% from recent highs! This midcap stock in bear grip could reverse trend - 7 days ago
However, Yes Securities also expects the power cost to remain elevated in H1FY23 and will continue to pose challenges, but gradual moderation is expected from H2FY23 onwards. Most of the new capacities for the sector will be commissioned in the Eastern region, hence cement prices & demand sustenance will be the key monitorable.
Economic Times

Sensex gains 515 pts, reclaims 59K; Nifty end above 17,650; IT, banking stocks rally - 7 days ago
Equity benchmark Sensex rallied 515 points on Thursday to reclaim the 59,000-level, propelled by heavy buying in IT, banking and financial stocks amid sustained foreign fund inflows. The 30-share BSE index ended 515.31 points or 0.88 per cent higher at 59,332.60. Similarly, the broader NSE Nifty gained 124.25 points or 124.25 per cent to close at 17,659.
Economic Times

Delhivery shares tank up to 7.5% as investors dump stock after Q1 loss - 7 days ago
Credit Suisse has downgraded Delhivery to neutral post June quarter results with a target price of Rs 675. ICICI Securities has also downgraded the stock to sell from hold rating with a target price of Rs 484.
Economic Times

Sensex jumps 515 points; Nifty ends above 17,650 - 7 days ago
"As softer than expected US inflation data suggested a slower pace of rate hike, the global market encouraged optimism. US CPI inflation smoothened to 8.5% in July as lower energy prices offset increase in food and shelter cost. Domestic investors await the release of India’s inflation data due today, which is expected to show a decline in inflation trend on a MoM basis,” said Vinod Nair, Head of Research at Geojit Financial Services.
Economic Times

NPA provisioning by banks fall in Q1 amid improving recoveries, reducing asset stress - 7 days ago
“Loan loss provisions continued to recede due to better recoveries and healthy provision buffers, thereby leading to overall beat on profitability,” mentioned Emkay Global Financial Services in a sector report.
Economic Times

PB Fintech stock up 7% despite widening of Q1 loss. Here's why - 7 days ago
Morgan Stanley said that the adjusted Ebitda loss was lower than estimates while the revenue was 10 per cent ahead of it. Contribution in Q1 was 75 per cent ahead, it said, adding that there was a clear pivot in commentary on profitability. The foreign brokerage said that this was the first time when the management gave guidance on profitability.
Economic Times

ICICI Bank market cap crosses Rs 6 lakh cr as stock touches new high - 7 days ago
Its net revenue grew 20 per cent YoY to Rs 17,875 crore, aided by healthy other income and NIM (net interest margin) expansion. This is the fastest net revenue growth reported by a large private bank in Q1 so far.
Economic Times