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.

SpiceJet has denied any plans to file for insolvency and says it is concentrating on reviving its grounded fleet and restoring more planes to the air. The airline has secured $50m to achieve this through the government's emergency credit line guarantee scheme as well as using internal funds. Last week, the airline declared that it intends to invest INR400 crore ($55m) to resurrect 25 of its grounded planes using this credit line.

The Dow Jones Industrial Average fell 147.44 points, or 0.44%, at the open to 33,383.89.

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

After AM Naik retires as the Non-Executive Chairman of L&T Group on September 30, 2023, he will become the Chairman Emeritus. The stock price of L&T Group has increased over time. From June 23, 2004 till May 10, 2023, the company's overall return per share has been over 3,246%, while the market capitalization has gone up by 3,891%

Gautam Adani's three companies - Adani Enterprises, Adani Green Energy and Adani Transmission - are planning to raise as much as $5 billion in a fundraising effort. Market confidence in Adani's stocks has been low since fraud allegations were made in January. Previous attempts to raise capital have been made annually since at least 2019.

Tata Motors is expected to report a net profit of between ₹3,100-3,204 crore for Q4 2022, an average estimate by five brokerages shows. Revenue from operations is expected to increase by up to 34% to ₹1.06 lakh crore. Tata Motors has reported volume growth of 3% during Q4, led by the passenger vehicles segment. JLR volumes rose 24% in the same period as chip supply and traction toward new models continued. Nomura expects EBITDA margins to improve 213bps YoY and 255bps QoQ to 13.4%.

The Nifty formed a bearish candle and closed nearly flat, and needs to hold above 18,250 zones to move upwards towards 18,400 and 18,442 zones; support is placed at 18,181 and 18,081 marks. India VIX rose by 1.03%, and volatility has been increasing for the last four sessions. Analysts suggested that Nifty is expected to consolidate in a broader trading range between 17,900 and 18,500 zones and trade in an immediate range of 18,150-18,450 zones

The Bank of England has raised its interest rate by a quarter of a percentage point to 4.5%, the highest level since 2008, in its 12th consecutive rate rise. Although it no longer predicts recession after reviving its growth forecasts, it also expects inflation to be slower than anticipated to fall due to unexpectedly large and persistent increases in food prices.

Sensex declined 36 points, while the Nifty dropped 18 points. L&T was the top loser, falling over 5%, while Asian Paints and HUL were the top gainers.

Sensex declined 36 points, while the Nifty dropped 18 points. L&T was the top loser, falling over 5%, while Asian Paints and HUL were the top gainers.

Closing Bell: Sensex ends marginally lower after volatile session; Nifty above 18,300; Adani Ent gains 5%, Indraprastha Gas drops 3%

The paint manufacturer attributed the strong results to sourcing and formulation efficiencies, as well as softening raw material prices, which helped improve margins significantly. EBITDA margins stood at 21.2%, exceeding Morgan Stanley's estimates of 18.6%. Net profit rose 45% YoY to Rs 1,234 crore during Q1, with domestic decorative business and non-industrial businesses driving growth.

Nearly 53% of NRI investors surveyed claimed that India provides better returns on investments than other countries in which they have invested, found a study by NRI-focused fintech platform SBNRI. The report also revealed 35% of Singapore-based and UK-based NRIs prefer to exclusively invest in India compared to other countries. However, challenges such as regulatory approvals, restrictive foreign investment regulations, repatriation of funds, and currency risks are prevalent while investing in India. To mitigate these risks, 30% of UK-based NRIs invest in Indian stocks or funds denominated in home currency, while 27% hedge through forward contracts or currency options.

Foreign investors have been buying Indian stocks since April 26, with net flows totaling around $3.3bn. The average buying in the last nine trading sessions has amounted to $462m, and foreign direct investment (FDI) has been boosted by Indian rupee strength against the dollar and in-line March quarter earnings.

The fundraising plans will help ease concerns regarding the group's debt service abilities, and are seen as beneficial for investor confidence. However, Adani stock gains will depend on the outcome of two major events: MSCI index adjustments and an impending Supreme Court Hearing on the Adani-Hindenburg issue.

On Wall Street, the tech-heavy Nasdaq touched an over eight-month high on Wednesday, boosted by a slightly lower-than-expected increase in April inflation, which spurred hopes of the Fed pausing its rate-hike cycle in June.

Mazda Motor Corp lost 2.69% after the car-maker cut sales and profit guidance due to production constraints. Sumitomo Metal Mining Co plunged 11.73% after forecasting earnings far below analyst estimates, amid uncertainty over China's economy and metals prices.

Ahmedabad-based Ratnamani Metals & Tubes witnessed a 13% surge in its shares on Thursday after posting strong Q4 FY23 earnings. The company reported a consolidated net profit of INR 192 crore ($25.8m), up 71% YoY, and consolidated revenue of INR 1,499 crore ($201.5m), up 54% YoY. Additionally, it announced INR 12 ($0.16) dividend per share and reappointed Prakash M Sanghvi as its Managing Director. The shares traded at INR 2,438.90 ($32.74), up 8.89% from Wednesday's closing price on NSE.

Shares of Gujarat Gas rose by 6.5% to hit Rs. 593 despite reporting a 16% YoY fall in net profit. The company's Q4 revenue was at Rs. 4,073.82 crores, a YoY decline of 14%. Gujarat Gas declared a dividend of Rs. 6.5 per equity share. Several analysts reiterated a buy rating with target prices ranging from Rs. 565 to Rs. 610. JM Financial believes that the company's volume growth will be led by the rise in gas demand in the industrial segment, while ICICI Securities projects good returns from Gujarat Gas' stock due to the probability of a buyback.

The market value of the total sale was not declared in the regulatory filing but reports said that it could be worth around $120 million.

The Bank of England is expected to raise interest rates by 0.25% to 4.5% as it tackles inflation in the country. It is the bank's 12th rate increase since late 2021 and the highest level since late 2008. This action was taken to keep a lid on the rising prices stoked by bottlenecks and Russia's invasion of Ukraine, leading to energy prices soaring. The move is expected to be the last, according to economic analysts, with interest rates expected to fall back toward a target of 2%. A focus on the Bank's quarterly economic projections will provide insight into the U.K.'s stagnant economy.

Hindalco's US subsidiary Novelis reported a drop in March quarter results. But, JP Morgan is optimistic that the counter will see an upside of up to 12% and recommends a 'buy' for a price target of Rs. 490. Meanwhile, Kotak has an 'add' rating on Hindalco stock and sees a 4% upside with a target of Rs. 455.

ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". This predefined screener is only available to ET Prime users.

While large cement companies might be in the news for one or the other reason, it is the small and midcaps which have been showing better than expected performance in Q4. Some of them tend to get ignored because they are regional companies or their overall capacity is not very high. However, from the stock market perspective one has to look at the overall picture. We take a look at what analysts are saying across mid and small cap cement companies. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.

Financial literacy is a growing concern in India, and both parents and schools must take action to address it. Parents can lead the charge by being a role model, engaging children in financial decision-making, using tools and resources to teach financial concepts, encouraging saving and investing, and discussing financial goals with their kids. Lack of budgeting, unnecessary debt, and making rash investment decisions are some of the issues that effective financial literacy can address. By promoting financial literacy within the family, parents can instill healthy financial habits and provide tools for greater financial freedom and stability.

Adani Transmission and Adani Total Gas are expected to be demoted in the MSCI Global Standard Index from May 31, resulting in outflows of $122 million and $84 million, respectively, according to a Nuvama report. Zomato, on the other hand, will see its weightage in the index increase with inflows of $19 million.

The Bombay Stock Exchange (BSE) placed Veronica Productions Ltd under the third stage of the graded surveillance measure (GSM) framework after Sebi issued directions for shell companies. Trading in securities of the company will continue to remain suspended until further notice. The GSM framework has six stages, with surveillance action defined for each stage. Securities placed under it will be reviewed quarterly, and securities not meeting the inclusion criteria will be moved out of the framework. The GSM measures prevent abnormal rises in stock prices that are not commensurate with companies’ financial health.

When valuing Indian financial stocks, traditional methods like discounted future cash flows are impractical due to their lack of free cash flows. Dalal Street's top stock picker Saurabh Mukherjea recommends using the "residual income" model instead. The model calculates return on equity (ROE) minus cost of equity (CoE) to determine the economic value add of a financial services company.

Mumbai-based Apar Industries’ shares have surged by 330% over the last year, outperforming the Nifty50, which has returned 12.5% in the past 12 months. The stock’s growth can be attributed to its technical performance and strong fundamentals, suggest reports. Technical analyst Nilesh Jain predicts the stock could reach INR3,200 ($43) and even INR3,500, while fundamental analysis by local brokerage firm Prabhudas Lilladher forecasts a target of INR3,832, a 45% upside. The firm recently revised its FY25E forecasts up by 11.2% on the expectation of demand for conductors and cables in markets such as the US, Australia and Europe.

Shares of TVS Motor Company could see an uptick towards Rs 1,400 level according to experts, following a breakout from a Rectangle pattern on the weekly charts. While consolidation or profit booking could happen in the short term, experts recommend traders buy the stock on dips as long as it stays above Rs 1,155 levels on a closing basis. The moving average convergence/divergence indicator (MACD) is above its center and signal line, implying an upward trend. The RSI on the weekly timeframe also reflects positive momentum.

Dr Reddy's Laboratories reported an 890% YoY surge in March quarter profit at Rs 960.1 crore but shares tumbled nearly 7% to Rs 4,545 in Thursday's trade. While its revenue from operations increased by 15.28% YoY to Rs 5,843 crore, total expenses were down 4% at Rs 5,132.2 crore. US revenues fell 17% QoQ. Jefferies maintained its Buy rating on Dr Reddy’s Laboratories with a target price of Rs 5,650, while Prabhudas Lilladher downgraded the stock to Reduce with a revised target price of Rs 4,500 from Rs 4,900.

The Indian IT sector has been into “ each to its own” mode. Except for the fact that all the top companies have slowed the hiring, it is clear that each company is facing a different challenge when it comes to customers. However, globally, after a phase of correction, tech companies and NASDAQ are showing first signs that the worst may be over. 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.

On the list is an insurance major which after coming under pressure post budget has seen an up move, on the score it has moved from negative side to neutral one. Also on the list is a company from Adani group, it gets maximum coverage from analysts and has moved from negative to neutral territory score. These companies have come on the list because their scores have inched up and also their prices have moved up in the last one month. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters.

Jefferies maintained a buy rating on Nazara Technologies and lowered revenue and margin estimates for FY24/25 after Q4 results. The brokerage firm also maintained its buy rating on L&T with a target price of Rs 2900 but noted weaker than expected Q4 EBITDA and FY 24 being a tough year for SRF and maintained a hold rating with a target price of Rs 2380. JPMorgan retained its overweight rating on Hindalco and Godrej Consumer with a target price of Rs 490 and Rs 990, respectively. Dr Reddy's Laboratories maintained its buy rating with a target price of Rs 5650 despite a sales drop.

At 10.52 am, the scrip was trading 1.4% lower at Rs 1,362 on BSE. However, the stock is still trading 4.8% higher from its listing price of Rs 1300.

Earnings per share (EPS) indicates how much money a firm earns for each share of its stock and is a widely-used metric to estimate corporate value. A higher EPS indicates greater value because investors will pay more for the company's shares if they believe the company has higher profits relative to its share price.According to Trendlyne data (BSE 500), 10 stocks have seen strong QoQ EPS growth in Q4: Here's a list:

L&T's Q4FY23 earnings fell below expectations but Jefferies, Nuvama, and B&K Securities still maintain a 'buy' rating on the stock, while Emkay downgraded it to 'hold'. L&T's consolidated net profit for Q4FY23 grew 10% YoY at Rs 3,987 crore but was lower than the estimated Rs 4,399 crore. The stock fell over 4% on Thursday, trading at Rs 2,292.70 on NSE.

“We estimate a 31% CAGR in PPoP in IDFC First Bank during FY23-25, while controlled credit costs will drive a 31% CAGR in PAT over a similar period. We thus estimate RoA/RoE to reach 1.3%/13.5% by FY25. 1-year target placed at Rs 75,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.

In the Sensex pack, Tech Mahindra, Indosys, HDFC HCL Tech, TCS, and Asian Paints opened higher. On the other hand, only L&T, Bharti Airtel, Nestle, ITC and Power Grid opened in the red.

In the NSE list of stocks with a market cap of over Rs 10,000 crore, closing prices of five stocks crossed their 200 DMAs (Daily Moving Averages) on May 10, 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.

Sensex gains over 100 points, Nifty above 18,300; DRL drops 4%, L&T 3%; Ratnamani Metals & Tubes, AB Cotspin India, Relaxo Footwears are some of the top gainers in morning trade.

L&T's Q4FY23 earnings fell below expectations but Jefferies, Nuvama, and B&K Securities still maintain a 'buy' rating on the stock, while Emkay downgraded it to 'hold'. L&T's consolidated net profit for Q4FY23 grew 10% YoY at Rs 3,987 crore but was lower than the estimated Rs 4,399 crore. The stock fell over 4% on Thursday, trading at Rs 2,292.70 on NSE.

Bharat Heavy Electricals (BHEL), Gujarat Narmada Valley Fertilizers and Chemicals (GNFC), Manappuram Finance and Canara Bank are the four stocks being placed under F&O ban on Thursday, with contracts banned when open interest exceeds 95% of market-wide positions limits. The ban is only lifted when open interest falls below 80%. Although under F&O ban, the stocks will remain available for trading in the cash market and are said to be experiencing volatile trading within normal ranges.

Nifty futures on the Singapore Exchange traded 43.5 points, or 0.24 per cent, higher at 18,402, signaling that Dalal Street was headed for positive start on Thursday. Here are some stocks which are expected to see some action in trade today.

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 Tata Comm and Divi's Lab while Nooresh Merani has a buy/sell recommendation on Indusind Bank and Coal India for today's trading session. Check out the targets and stoploss.

In the NSE list of stocks, three stocks with a market cap of over Rs 250 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 10.

Indian stock market is expected to trade positively on Thursday, supported by global markets. The benchmark indices, Sensex and Nifty50, gained on Wednesday with increased volatility. This week's maximum Call OI is at 18500 and the maximum Put OI is at 18200, suggesting the market may have a trading range between 17800 to 18500 levels. Short-term traders can consider stocks like Greaves Cotton, Firstsource Solutions, CreditAccess Grameen, KEC International, Tata Communications, Divi’s Laboratories, Ambuja Cements, and Coal India with suggested targets and stop losses.