The Indian banking sector has experienced a notable upswing in the past one year. The BSE Bankex, as well as the benchmark index Sensex, have recorded gains of approximately 24% and 14.5%, respectively within the same period. In the BSE universe, a majority of banking stocks have yielded double-digit returns in the last year.ETMarkets is highlighting seven stocks that have provided investors with a wealth increase of over 100%. Among these seven banks, five have already released their financial results for the March quarter, and all have demonstrated a profit growth of over 20% on a year-on-year basis. These seven banking stocks are currently available at a reasonable discount compared to their 52-week high values. Take a look.

The Indian banking sector has experienced a notable upswing in the past one year. The BSE Bankex, as well as the benchmark index Sensex, have recorded gains of approximately 24% and 14.5%, respectively within the same period. In the BSE universe, a majority of banking stocks have yielded double-digit returns in the last year.ETMarkets is highlighting seven stocks that have provided investors with a wealth increase of over 100%. Among these seven banks, five have already released their financial results for the March quarter, and all have demonstrated a profit growth of over 20% on a year-on-year basis. These seven banking stocks are currently available at a reasonable discount compared to their 52-week high values. Take a look.

Asian Paints announced a strong 16% YoY growth in volume of domestic decorative paints, resulting in improved EBITDA margins of 21.2% YoY due to deflation in raw material prices. However, analysts note that March quarter growth looks optically better than underlying demand, and the top concern is Grasim's entry into decorative paints, completing a pan-India rollout by mid-FY2025.

Whenever it comes to equities, every investor often faces a question; should I go for direct equity or equity funds? Here are 4 key differences between the two that you need to know. Watch the video.

If one looks at the Q4 results of large players like Auto companies, be it two wheeler or four wheeler space, it appears that headwinds like rising input cost, stagnant demand are becoming things of the past. In some stocks, the last 30 day price performance is also indicative that the street is hopeful about their numbers. However, analysts are still not secularly, but selectively bullish. The reason, cyclicality of the auto industry. 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.

In the NSE list of stocks, eight stocks with a market cap of over Rs 1000 crore 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 May 11.

Sundram Fasteners stock has a year-on-year return of almost 47%, outperforming the Nifty50 index. Analysts suggest a possible upside for the stock of 10-22%, with a positive consensus view from most brokerages. Besides manufacturing components for various sectors, the company is trading at P/E and EV/EBITDA multiples of 26x and 16.9x, respectively based on FY25E. Technical analysts believe breakout patterns and strong support levels favor buying on declines while fundamental analysts project significant improvement in operating numbers aided by large EV orders in FY25E. Pricing pressures from automotive OEM customers and US/Europe recession risks form key risks for the company.

MSCI Inc has reduced the weightage of 15 Nifty50 stocks as part of its May global index review. The downgrades will cause net outflows of nearly $1bn. Weights of Tech Mahindra, Tata Consultancy Services, Infosys and Mphasis have been cut. Weights for Axis Bank, Bajaj Finance, Divi’s Laboratories, ICICI Bank, HDFC, Hindalco Industries, Bharat Petroleum Corp and JSW Steel have also been reduced. The weights of eight index stocks, including Kotak Mahindra Bank, NTPC and UltraTech Cement have been increased, resulting in net inflows of approximately $400m.

In the NSE list of stocks with a market cap of over Rs 10,000 crore, five stocks crossed their previous five-year high value at the close on May 11, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.

In the last five years many segments of the chemical and specialty chemical sector had been coming into focus. They stay in the limelight for some time, then as too much money chases them which makes their valuations move up sharply and then a long phase of consolidation. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.

The Indian stock market has delivered positive returns in April and May after underperforming in the first quarter of 2023, but experts urge caution. Rising interest rates affected both equity and debt returns in the first quarter, but Lotusdew Wealth CEO Abhishek Banerjee suggests a relatively stable or falling interest-rate environment could boost equities. HDFC Securities' Deepak Jasani recommends investors move into debt to take advantage of the current peak in rates, but warns against shifting to equity too quickly. Meanwhile, TrustPlutus Wealth's Kaizad Hozdar calls for a systematic allocation to equities to benefit from an eventual recovery.

Eicher Motors reported better-than-estimated Q4 results, sending its shares up by nearly 7%. The company's consolidated net profit rose by 48% to INR905 crore, while revenue from operations increased by 19% YoY to INR3,804 crore - the firm's highest-ever revenue and fifth consecutive quarter of record revenues. The board has also recommended a final dividend of INR37 per equity.

India's top court is due to reveal its findings on allegations directed at the Adani Group by Hindenburg Research, who accused of corporate fraud. The court set up a six-member panel, which has filed its report on any regulatory failures and suggested reforms for investor protection. The court had also asked SEBI to separately investigate Hindenburg's allegations, which the group has denied. Investigations could lead to changes to corporate governance frameworks and tighter rules around practices under scrutiny from Hindenburg.

Foreign institutional investors (FIIs) have sold shares of Reliance Industries for six consecutive quarters, causing their holding to hit a 26-quarter low in March. During the quarter, FIIs sold RIL shares worth INR 17,613 crore, a five-fold increase from the previous quarter, according to data from Prime Database. As of March-end, FIIs held 22.49% stake, compared to 25.66% the year before. In contrast, domestic investors have continued to buy shares, with mutual funds reaching an all-time high of 6.34% stake in the March quarter. The weakness of RIL's oil-to-chemicals business was a major reason for the underperformance of the stock.

Shares of Adani Transmission and Adani Total Gas plummeted by 5% on Friday after they were removed from the MSCI Global Standard Index, effective May 2023. The removal is expected to trigger outflows of $201m for Adani Transmission and $186m for Adani Total Gas, according to a report by Nuvama Alternative & Quantitative Research.

Morgan Stanley has maintained an overweight rating on ONGC with a target price of Rs 218 citing that the company has made two new discoveries. On the other hand, CLSA has underperformed Godrej Consumer with a target price of Rs 1000, retaining the margin improvement and category development. CLSA prefers M&M and Ultratech Cement in the auto and cement sector owing to visible signs of rural uptick. Emkay has a Buy rating on Eicher Motors, expecting a 25% FY23-25E EPS CAGR and setting a target price of Rs 4000.

In the NSE list of stocks with a market cap of over Rs 10,000 crore, closing prices of nine closed above their 200 DMA (Daily Moving Averages) on May 11, 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.

In the Sensex pack, L&T, Tata Steel, Asian Paints, and HCL Tech were the top laggards, falling over 1% each in early trade. NTPC, Infosys, Reliance, and Tech Mahindra also opened with losses. Whereas, M&M, Tata Motors, Maruti, and Titan opened with gains.

A non-performing asset (NPA) is a loan or advance for which the principal or interest payment has remained overdue for a period of 90 days. As most of the companies have already announced their Q4 results, it is good to know about NPAs of banks for investors who have bank stocks in their portfolios. According to ACE Equity data, Yes Bank, Equitas Small Finance Bank and RBL Bank are the top private banks with the highest NPAs. Here's a list of these 8 bank stocks:

Sensex drops over 150 points, Nifty tests 18,250; Adani Transmission falls 5%, JSW Steel 2%; Eicher Motors, Eicher Motors, Cera Sanitaryware are some of the top gainers in the morning trade.

"We expect Supreme Industries to report 14% CAGR in consolidated revenues driven by volume growth over FY2023-FY2025E, while OPM is expected to improve leading to 29% CAGR in net earnings over the same period. We have a Buy rating and a 12-month price target of Rs. 3200," Ronald Siyoni, Associate Vice President at Sharekhan by BNP Paribas.

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 ABFRL and HUL while Nooresh Merani has a buy/sell recommendation on Axis Bank and Coal India for today's trading session. Check out the targets and stoploss.

Nifty futures on the Singapore Exchange traded 61.5 points, or 0.34 per cent, lower at 18,288.50, signaling that Dalal Street was headed for negative start on Friday. Here are some stocks which are expected to see some action in trade today.

The Indian stock markets are poised to consolidate due to muted market sentiments globally. The Nifty50 and the S&P BSE Sensex did not show positive trends on the previous day. The India VIX has been increasing during the last four sessions, leading to fluctuations in the market. Options data suggests trading ranging from 17900 to 18500 zones, and brokers have recommended stocks like Axis Bank, NTPC, Tata Power, Aditya Birla Fashion and Retail, Gujarat State Petronet, coal India, Gujarat Gas, and Hindustan Unilever for traders with a short-term outlook.

The S&P BSE Sensex and Nifty50 in India closed flat with a negative bias. Stocks in capital goods, healthcare, metals, and energy sectors experienced selling pressure, while consumer durables, FMCG, power, and utilities saw some buying. Ratnamani Metals rose over 6%, Dr Reddy's Laboratories fell nearly 7%, and Firstsource Solutions closed near its 52-week high on Thursday. Technically, Amol Athawale, Deputy Vice President of Technical Research at Kotak Securities, suggests that Ratnamani Metals could experience pricing issues below 2325, Dr Reddy's Laboratories has weak momentum, and FSL could encounter profit booking.

Adani Transmission and Adani Total Gas will be removed from the MSCI Global Standard Index, resulting in outflows of $201m and $186m, respectively, on May 31, 2023, according to Nuvama Alternative & Quantitative Research. The stocks carry weights of 0.34 and 0.31 each. Meanwhile, Zomato's weight in the index will rise by 10 bps to 0.3, triggering inflows of $59m and an addition of 77 million shares.

The price of this company was consolidating for the past five months and has now surpassed the resistance of a falling trendline. Prior to the breakout, the price had tested the resistance on consecutive days, but could not close above the trendline. This increases the reliability of the breakout. The volume has been rising gradually from the swing low.

The markets on Thursday came under the shadow of the weekly options expiry, with the Nifty and Banknifty holding on to their resistance levels. The headline index Nifty closed the day with a marginal loss of one-tenth of a percent.

Asian share markets were subdued on Friday due to soft economic data from the US and China that magnified concerns of a global slowdown; however, Japanese stocks outperformed. Bank worries also persist following PacWest's deposits falling by 9.5% last week, leading to sharp falls in regional banks. The US dollar held on to its gains from safe-haven flows, benefiting from growth concerns and banking worries, and Treasury yields were slightly lower in Asia. However, Alphabet Inc's rollout of more artificial intelligence products supported the Nasdaq futures, which rose by 0.3%, with S&P 500 futures up 0.2%.

MSCI will remove Adani Transmission and Adani Total Gas from its India index in a move likely to dent both firms' share prices, according to Brian Freitas of Smartkarma. The removal follows MSCI's calculation of the number of shares considered freely tradable in the public market. The changes come despite recent investor roadshows and debt repayments by Gautam Adani's conglomerate, which was hit by a short-seller's allegations of market manipulation and fraud, causing share values to plummet by more than $150bn.

The S&P BSE Sensex and Nifty50 in India closed flat with a negative bias. Stocks in capital goods, healthcare, metals, and energy sectors experienced selling pressure, while consumer durables, FMCG, power, and utilities saw some buying. Ratnamani Metals rose over 6%, Dr Reddy's Laboratories fell nearly 7%, and Firstsource Solutions closed near its 52-week high on Thursday. Technically, Amol Athawale, Deputy Vice President of Technical Research at Kotak Securities, suggests that Ratnamani Metals could experience pricing issues below 2325, Dr Reddy's Laboratories has weak momentum, and FSL could encounter profit booking.

SoftBank reported a net loss of 970 billion yen ($7.18 billion) after a sell-down of its stake in Chinese e-commerce giant Alibaba Group Holding Ltd helped cushion investment loss at its Vision Fund unit.

Shares of Walt Disney Co fell 8.7% on Thursday after the company reported that total subscribers to its flagship Disney+ service decreased, dragging down the Dow and the S&P 500. Meanwhile, PacWest Bancorp led declines in regional banks after reporting a decrease in deposits, reviving concerns over the industry's health. The Nasdaq was lifted, however, by shares of Alphabet Inc, which rose 4.3% as Google unveiled more artificial intelligence products. The energy sector fell along with declining oil prices, while the U.S. Federal Deposit Insurance Corporation said 113 of the country's largest lenders will bear the cost of replenishing the $16bn in coverage provided during the crisis.

Deepak Nitrite's net profit fell 12% to Rs 234 crore for the quarter ended March. Meanwhile, the revenue from operations stood at Rs 1,961 crore in the same period.

Housing Development Finance Corp (HDFC) is in talks with asset reconstruction companies to offload loans of about INR2,000 crore extended to developers ahead of its merger with HDFC Bank. These loans are spread across 7-8 accounts, including advances to the local owners of Radisson Blu properties, two sources told ET. A spokesperson of HDFC did not respond to an email query, while Alvarez and Marsal and Omkara ARC refused to comment. Some loans may include non-performing assets, while others may be stressed but not yet declared as NPAs.

Tata Sons Chairman N Chandrasekaran has instructed CEOs to focus on sustainability, the supply chain, and speed to generate growth in operating Tata companies. With a well-capitalized portfolio, Chandrasekaran said the 400 CEO and CXO attendees at the annual off-site meeting in Goa should be directing their energies to capturing growth opportunities within their respective sectors. At the meeting, he highlighted that the group has strengthened its balance sheets, built healthy cash flows and urged attendees to now chase growth and scale while using AI as a business enabler, not a threat.

Maruti Suzuki is planning to double its production capacity to four million vehicles per year by the end of the decade, with an investment of more than $5.5bn. This will increase local market share and boost exports by commissioning eight assembly lines with an annual capacity of 250,000 units each across two new facilities, with construction having started for the first unit at Kharkhoda in Haryana. One million of the units planned will come from exports and OEM sales with the remaining capacity planned to enable Maruti Suzuki to get back to 50% market share, up from 41% last fiscal year.

This will be the first bid by the group to raise funds after having scrapped the $2.5-billion Adani Enterprises follow-on public offer (FPO) in February in the wake of the Hindenburg Research report. The fundraise will be a primary equity infusion that will be used for debt payment and long-term capital expenditure, said the people cited above.

The Reserve Bank of India plans to combat greenwashing in financial services, where exaggerated or unproven Environmental, Social and Governance (ESG) claims can damage market confidence in such products. Greenwashing involves making misleading statements about a product's positive environmental impact or ESG credentials. To address the issue, the regulator plans to participate in a virtual TechSprint event, which will bring together international regulators and firms to develop new tools to tackle greenwashing in financial services.

The Hyderabad-based pharma major was the biggest loser on the bourses with trading volume rising nearly 10 times after a majority of the analysts slashed their price targets. The stock made an intraday low of ₹4,524.05 apiece in Thursday's trading before closing at ₹4,532, down 6.9%.

Jefferies and CLSA remain most optimistic and advised their clients to 'buy' L&T shares. Both brokerages see upside potential in the range of 25-30% from the current levels.

The National Company Law Tribunal (NCLT) in Kolkata has blocked a petition from Central Bank of India that would have allowed insolvency proceedings against Simplex Infrastructures. The engineering company remains in debt to government agencies and contractors, with some payments mired in arbitration. The debt could potentially allow Simplex to pay back creditors, according to the judgment.

The NSE and BSE have alerted the National Company Law Tribunal (NCLT) that the promoters of Essel Group's Shirpur Gold Refinery may have redirected company assets to benefit themselves. The notification followed instructions from the Securities & Exchange Board of India, which had passed down an interim order and show cause notice against the refiner and mentioned violations of other regulatory provisions.

Assets Care & Reconstruction Enterprises (ACRE), supported by Ares SSG Capital, is set to purchase State Bank of India's (SBI) road assets in an all-cash deal following months of negotiation. ACRE's recovery amounts to 60% for the largest bank in the country and subsequently, SBI will hold an e-bidding process on 7 June to determine the offer.

"Intermittent holidays in April and the volatility in markets amid corporate earnings weighed on flows," said AMFI Chief Executive NS Venkatesh.

Shares of Mangalore Refinery and Petrochemicals have dropped more than 50% from June 2022 highs but have recently seen a sharp rally in prices, indicating bullish sentiment. The stock has successfully climbed above the 50 and 200-DMA on the daily charts, and the Supertrend indicator also triggered a buy signal.

Indian shares reversed intraday gains and logged losses on Thursday, as a handful of downbeat quarterly earnings reports overshadowed optimism from favourable U.S. inflation data. The Nifty 50 closed 0.10% lower at 18,297, while the S&P BSE Sensex fell 0.06% to 61,904.52. Eleven of the 13 major sectoral indexes advanced, with high-weightage financials gaining 0.33%.“Nifty made a higher high and higher bottom compared to the previous session but closed lower. Largecaps kept reacting to unexciting results, while the broader market did well. Nifty could stay in the 18211-18390 band for the near term,” Deepak Jasani, Head of Retail Research, HDFC Securities, said.Here are stock recommendations for Friday:

Innokaiz India's IPO received a total subscription of 95.08 times between April 28 and May 3, driven by strong demand from retail and non-institutional investors. The QIB portion was subscribed almost 24 times while the retail part was subscribed 46.10 times and the NII part 303 times. The Chennai-based company, which offers event management, corporate giving, advertising, marketing, and e-commerce services, became the 435th company to list on the SME platform of BSE. The IPO consisted of a fresh issue offering 27.13 lakh equity shares and was issued at a price band of INR 76 -78/share.

There are many Indian stocks out there in the market that are so highly-priced that most retail investors will think 10 times before buying them. The price of one stock can actually get you a decent luxury bag, a bike or even an iphone! let's take a look at the top most high-priced Indian stocks. Here's a list

Shares of Hindalco Industries, the Indian multinational aluminium and copper producer, experienced their sharpest drop in almost two months due to weak performance in its US subsidiary, Novelis. This is expected to impact its consolidated earnings by the 2023-24 financial year. Despite analysts reducing earnings estimates by 3-5% to account for the headwinds, the shares have been hailed as a good long-term investment due to its strong position in the automotive and beverage can markets, and majority of operating profit not being linked to LME prices.