Inox Wind Energy shares surged nearly 19%, hitting a 52-week high, following the approval from its board members for a merger with its parent firm, Inox Wind. Inox Wind will issue 158 equity shares for every 10 shares held by Inox Wind Energy shareholders and issue 158 share warrants with an issue price of INR54 each to shareholders of Inox Wind Energy, for every 10 share warrants held, with an issue price of INR847 each. Once completed, the promoters' shareholding in Inox Wind will reduce from 72.01% to 55.83%, while the shares of the public will surge to 44.17% from 27.99%.

JPMorgan has initiated coverage on Mankind Pharma, with an overweight rating and a target price of Rs 1,730. Goldman Sachs has reiterated its sell rating on Coal India with a target price of Rs 180, while maintaining its neutral rating on HUL with a target price of Rs 2,750. CLSA reiterated its buy call on Tata Motors with a target price of Rs 624. However, it initiated coverage on Hero MotoCorp, downgrading it to sell with a target price of Rs 2,708, citing a highly competitive premium segment and challenging market share gains.

A small and medium enterprises (SME) IPO is a fundraising procedure that allows a small or medium-sized business to go public like other larger firms and also gives smaller businesses a platform to be listed on indices. Here's a list of 5 SME IPOs to watch out for this week, according to PRIME Database data:

India's property stocks have risen by 36% since March, with investors anticipating that the central bank could cut interest rates next year. Cooling inflation has allowed the Reserve Bank of India to keep rates unchanged, in contrast to China where the property sector remains in a weak state. Indian property firms are also seeing an increase in earnings, with Godrej Properties and DLF reporting year-on-year increases of more than 40% in Q4 earnings. Despite the possibility of higher retail food inflation, countries' favourable government policies and rising income levels are expected to support Indian developers.

"We believe JK Lakshmi Cement (JKLC) is trading at an attractive valuation of 6.5x FY25E EV/EBITDA and USD63/t (at a significant discount to the replacement cost)," Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

Shares of Zee Entertainment Enterprises fell over 6% after India's Sebi barred Essel Group's chairman Subhash Chandra Goenka and his son from holding key positions in listed companies, saying they had abused their board positions by siphoning off funds for their benefit. The order could delay Zee's proposed merger with Sony Pictures Networks India, now known as Culver Max Entertainment. The regulator has directed Zee to place the order before its board within seven days. The Goenkas have 21 days to respond to Sebi's order.

Som Distilleries and Arrow Greentech are among 12 companies that have delivered multibagger returns and saw profit surges in fiscal year 2023. In the last year, Som Distilleries achieved a nearly 280% return, with a sales increase of more than double, to INR1,498 crore ($202.5m), and it delivered a profit of INR60.3 crore. Arrow Greentech, a packaging firm with a market capitalisation of INR520 crore, returned 279%, with a sales increase of over three times and a FY23 profit of INR12.26 crore. Other multibaggers include companies such as Kamat Hotels, Ujjivan Financial Services and Wonderla Holidays.

Earlier in May, MRF had fallen short of just Rs 66.50 to hit the Rs 100,000 mark in the spot market but had crossed the psychologically-important level in the futures market on May 8.

Mutual fund activity has seen a significant churn during the month of May as equity markets hovered near all-time high levels. Here are 10 largecap buys by fund houses last month. (Source: ICICI Direct Research)

Earlier in May, MRF had fallen short of just Rs 66.50 to hit the Rs 100,000 mark in the spot market but had crossed the psychologically-important level in the futures market on May 8.

These 5 stocks saw Aggressive New Long positions on Monday

The BSE Sensex was trading 268 points or 0.43% higher at 62,993. Nifty50 was trading at 18,675, up 74 points or 0.40% at around 9.17 am.

Sensex jumps 250 points, Nifty above 18,650; Zee Ent falls 4%, Thomas Cook gains 5%;Euro Panel Products, Vodafone Idea, SJVN are some of the gainers in the morning trade.

The Futures Short Position Scan performed on the previous trading session revealed Aggressive New Short positions on 3 midcap counters. (Source: StockEdge)

Indian markets are expected to open higher on Tuesday, following positive global cues. The S&P BSE Sensex rose by almost 100 points, while the Nifty50 finished at levels above 18,600 on Monday. Traders predicting the range for the options market have identified a broader range of between 18,400 and 18,900, with an immediate range of 18,450 to 18,750. Recommended stocks with a short-term trading horizon include Ashok Leyland, BPCL and NTPC as buys, and Jindal Steel as a sell.

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 NTPC and Cholamandalam Financial Holdings while CA Rudramurthy has a buy/sell recommendation on Axis Bank and ICICI Bank for today's trading session. Check out the targets and stoploss.

In the Nifty500 pack, eight stocks' prices crossed above their 200 DMA (Daily Moving Averages) on June 12, 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 in an overall uptrend. Take a look:

On the candlestick screener, a bearish reversal pattern helps identify stocks that can move into a downward trend from the current uptrend. Here are 6 smallcap stocks that have established a Gravestone Doji pattern and signify a bearish reversal. (Source: StockEdge)

Indiabulls Housing Finance, Indian Energy Exchange (IEX) and The India Cements are all under an F&O ban for trade on Tuesday, June 13, 2023. The ban occurs when the open interest (OI) reaches 95% of the market-wide positions limits or MWPL and is only lifted when OI falls below 80%. Domestic equities opened positively on Monday with the Sensex closing at 62,724.71 and Nifty50 at 18,601.50, however, investors are cautious representing many economic data points due to be released this week.

Nifty futures on the Singapore Exchange traded 33 points, or 0.18 per cent, higher at 18,731.50, signaling that Dalal Street was headed for positive start on Tuesday. Here's a slew of stocks that will be in focus today for various reasons. Watch.

The BSE Sensex and the broader Nifty started the week on a positive note due to optimism in global markets. Realty and IT sectors rose 1.48% and 1.47%, respectively, while power stocks underperformed. Delhivery's stock should be avoided, Indigo's should be bought since it staged a bullish breakout, and EaseMyTrip's stock should also be avoided as it has experienced a continuous supply since hitting its life high in November 2021. Riches Vanara, Technical and Derivatives Analyst at Stoxbox, shared these recommendations for investors.

On the candlestick screener, a bullish reversal pattern helps identify stocks that can climb into an uptrend from a downward zone in the future. Here are 5 stocks from the mid and small cap basket that have established a hammer pattern and signify a bullish reversal. (Source: StockEdge)

In the Nifty500 pack, seven 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 12.

Apple's shares hit an all-time high of $183.79, their first in more than a year. The stock has surged by over 41% in 2023, compared to the Nasdaq 100 Index's gains of 35%. The company's balance-sheet strength, dependable revenue streams, capital-return program, recent performance, and industry-expanding plans have bolstered investor confidence. Apple, with its roadmap and incredible business model, is one of the few stocks that investors remain optimistic about owning even though it may fluctuate, said Wayne Kaufman, chief market analyst at Phoenix Financial Services.

The stock of this company made a peak at Rs 352 in August 2022, and has been consolidating thereafter. Now the price has given a breakout of the upper-trendline resistance of a falling channel within which it was moving since December. The breakout in price is accompanied by a rise in volume, which increases the reliability of the breakout.

The PE (private equity) landscape recorded 84 deals, raising $3. 9 billion in May this year. The startup sector continued to dominate deal activity, accounting for 55% of total PE deal volumes.

The trading on the first day of the week remained in a lethargic mode, although the day started in the positive territory. The Nifty moved in a small range throughout the session, ending the day with a small gain of one-fifth of a percent.

Asian shares opened higher on Tuesday, boosted by gains in US equity markets and expectations of a Federal Reserve interest rate pause following a Fed policy meeting this week. The central bank’s approach towards inflation, as indicated by the Consumer and Producer Price Index data due out over the next two days, will be closely watched by investors. Japan’s Nikkei surged 1.59%, while broadest bourse gauge MSCI Asia-Pacific index was up 0.3% in early trading. China’s Central Bank cut its seven-day reverse repo rate by 10 bps from 2.00% to 1.90% to bolster the country's economy.

The S&P 500 and Nasdaq closed at their highest levels since April 2022, bolstered by gains in market heavyweights Amazon, Apple, and Tesla. Of the 11 S&P 500 sector indexes, eight rose, with technology and consumer discretionary leading the gains. While Tuesday's US Labor Department's consumer price index is expected to show inflation cooling slightly in May, investors are anticipating the Federal Reserve's decision on interest rates on Wednesday. Further, traders anticipate the Fed to remain data-dependent, signaling that a rate hike is not off the table but will not come in the short term.

"Stock price of Texmaco Rail & Engineering witnessed an 8-year downward sloping trendline breakout suggesting a strong upside can be seen in the stock. The volumes at the time of breakout have been extremely strong," Gaurav Bissa, VP, InCred Equities, said.

The Board of the Bank has approved raising of up to Rs 750 crore through issuance of Basel-III compliant Additional Tier-I Bonds or Tier-I I Bonds in one or more tranches within a period of 12 months.

If lenders approve a binding offer for the two road projects and the steel company, it will be followed by a Swiss challenge auction. NARCL's offer for the three companies is less than 10% of their outstanding dues, one of the persons said.

Market regulator, Securities and Exchange Board of India (SEBI), has announced the auction of 61 properties belonging to the Saradha Group on 17 July, with a reserve price of over INR26.22 crore ($3.5m). The proceeds will be used to recover funds raised through an illegal chit fund operation that collapsed in April 2013, allegedly causing losses of nearly INR40bn ($534m). The properties include land parcels in West Bengal, and the auction will be managed by online classified-ads company, Quikr Realty, with C1 India as the e-auction provider.

Abrdn, which had been a partner in the joint venture with HDFC Life, made investments of ₹2,400 crore since 2000. Last month, Abrdn made a complete exit, marking the completion of its successful investment journey with HDFC Life.

“India has been among the beneficiaries where revenue growth of fluorochemistry majors has far outstripped that of Chinese majors over the past five years,” Jefferies said in a client note.

Under the proposed system, all plans will be evaluated based on their first preference. If no plan secures the required 66% votes, the plan with the fewest first preference votes will be eliminated, and its first preference will be assigned to the second preference.

French multinational financial services company Societe Generale, Kuwait's sovereign fund Kuwait Investment Authority, ICICI Prudential Life Insurance, and BNP Paribas' market fund bought some of the shares. Names of other buyers were not publicly available.

Average six-month returns of a stock that exited the F&O segment between 2020 and 2022 was 7.72%, while the average one-year return was 53.90%, showed data compiled by Samco Securities.

Subhash Chandra, then chairman of Zee/Essel Group, had provided a letter of comfort (LoC) dated September 4, 2018, toward credit facilities availed of by certain group companies from Yes Bank, Sebi said in its order.

For HDFC, liquidity coverage ratio (LCR) improved from 80% to 128%, helped by a sharp increase in government bond holdings. G-Secs, as a percentage of assets, increased from nearly 6% in FY22 to 9%. Also, infrastructure bonds that reduce the overall priority sector lending (PSL) requirements are now close to 20% of liabilities and total loans.

Texmaco Rail & Engineering's stock has surged more than 20% in a month, breaching an eight-year downward sloping trendline resistance on a weekly chart. This could take its price to as high as Rs 80 within three months, making it a lucrative buy for medium-term investors, experts have suggested

Wall Street indexes extended their recent rally as investors awaited inflation data and the Federal Reserve's interest rate decision. The Labor Department's consumer price index reading on Tuesday is expected to show inflation cooled slightly in May.

Indian mutual funds purchased equities worth Rs 2,447 crore in May, compared to selling Rs 4,533 crore in April, according to IDBI Capital. In the small-cap sector, some of the major holdings added to portfolios include Jupiter Wagons, Nexus Select Trust, Carysil, Chennai Petroleum Corp and Faze three. In May, retail investors saw a halving of flows into equity mutual funds to Rs 3,240 crore, their lowest in six months, as investors booked profits due to a rise in markets and flows into debt schemes.

The Reserve Bank of India (RBI) has imposed penalties on several banks for various violations. The Bihar State Co-operative Bank has been fined Rs 60.20 lakh for failing to identify and report suspicious transactions and submit statutory returns. Jowai Cooperative Urban Bank has been fined Rs 6 lakh for regulatory non-compliance, while Telangana State Cooperative Apex Bank has been penalized Rs 2 lakh for failing to transfer eligible amounts to the Depositor Education and Awareness Fund. The Co-operative Bank of Rajkot has been fined Rs 10 lakh for contravention of directions, according to the RBI statement. Additionally, Equitas Holdings and Mukand Global Finance have surrendered their NBFC license.

Mumbai: The Securities and Exchange Board of India (SEBI) has restrained Essel Group Chairman Subhash Chandra Goenka and Zee Entertainment head Punit Goenka from holding any key managerial position until further notice.

Benchmark indices Sensex and Nifty cut short two days of losses and settled with marginal gains in a range-bound trade on Monday as IT, oil and gas and telecom shares advanced amid optimism in the global markets.The 30-share BSE Sensex rose by 99 points to settle at 62,725. Nifty gained 0.21% and settled at 18602.“Technically, Nifty hovered between 18,560 and 18,630, and the narrow-range activity clearly indicates indecisiveness between bulls and bears. For traders, 18,550 would be the immediate support level, above which the index could move up till 18,650-18,700. On the other hand, a fresh sell-off is possible only after the dismissal of 18550. Below the same, the index could slip till 18500-18450,” Shrikant Chouhan, Head of Research (Retail), Kotak Securities, said.Here are the stock recommendations for Tuesday

The Sensex benchmark index experienced a gain of 99 points on Monday, closing at the level of 62,725. In tandem with this market rally, 8 stocks from the BSE PSU index achieved new highs for the 52-week period. The 52-week high is an important measure for specific traders and investors, serving as a vital technical indicator for assessing the current value of a stock and forecasting future price patterns. It represents the highest price at which a stock has been trading over the course of the previous year.

The interim order against the individuals were passed following investigations, which revealed that Chandra and Punit Goenka abused their position as directors of Zee Entertainment in 2019 by siphoning off funds for their own benefit.

Sequoia Capital has sold its entire 10.18% stake in Go Fashion (India) through bulk deals on Monday for Rs 624 crore. Domestic and foreign investors including ICICI Pru Life, BNP Paribas, Kuwait Investment Authority and Societe Generale bought the shares through open market transactions. The public shareholders in Go Fashion now own 47.21% of the company, out of which mutual funds have 24.14%. Go Fashion is India's first company to launch a brand exclusively dedicated to women’s bottom wear apparel with approximately 8% market share in branded women’s bottom wear market in India.

Market regulator, Securities and Exchange Board of India (SEBI), has announced the auction of 61 properties belonging to the Saradha Group on 17 July, with a reserve price of over INR26.22 crore ($3.5m). The proceeds will be used to recover funds raised through an illegal chit fund operation that collapsed in April 2013, allegedly causing losses of nearly INR40bn ($534m). The properties include land parcels in West Bengal, and the auction will be managed by online classified-ads company, Quikr Realty, with C1 India as the e-auction provider.