A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors.

Smallcap ITeS company Axiscades Tech reported a sales growth of 26% in Q3 but reported a net loss of Rs 10.35 crore in Q3. In the December quarter of the previous financial year, the company had reported 7.8 crore profit. Despite the loss, the stock is up 217% in the last one year.

“Adani Enterprises, along with Adani Green and Adani Power, have to settle down and form a base which they are yet to do. They are still constantly perturbed by newsflow and high action even on the derivative front,” Ghose said.

The markets got out of the declining mode on Wednesday, with the Nifty ending the day with a net gain of nearly one per cent. The important technical point for the day was that the Nifty could hold its head above the 200-day moving average.

Nifty futures on the Singapore Exchange traded 28 points, or 0.16 per cent, lower at 17,491.50, signaling that Dalal Street was headed for a negative 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 IEX and ONGC while Nooresh Merani has a buy/sell recommendation on Coal India and ONGC for today's trading session. Check out the targets and stoploss.

This company’s price peaked in September 2022 and has made a series of lower highs and lower lows since then. However, the low made in January was tested and held on to in February, forming a double-bottom pattern. The recent low had formed a bullish harami candlestick – a Japanese candlestick -- pattern and followed it up with a bullish Marubozu. Both observations suggest an upside in the price for the short term.

In the United States, manufacturing activity contracted for a fourth straight month in February, but a gauge of prices for raw materials increased last month, stoking concerns that inflation would remain stubborn.

Most of the Adani Group stocks were trading at multi-year lows two days ago as a result of the Hindenburg short-research seller's report, which has caused the group to lose money. In the last two trading sessions, we observed short covering in the stock price, this recovery may continue up to the Rs 1,600 level.

Yields have been on a rise in the past month as strong economic data supported expectations that the U.S. Federal Reserve will tighten financial conditions more aggressively to fight inflation.

The rate-futures contracts currently are pricing in a high likelihood of interest-rate hikes at each of the Fed's next several meetings, and a receding chance of any rate cuts later this year.

Energy and materials sectors were among the few winners in the session as commodity prices gained after data showed China's manufacturing activity expanded at the fastest pace in more than a decade as the country continues to leave its COVID-19 restrictions behind.

The Board of Hindustan Aeronautics will meet on March 10 to consider and approve a second interim dividend for the financial year 2022-23. In other news, the union cabinet has approved the procurement of 70 HIT-40 basic trainer aircraft from HAL for the Indian Air Force for Rs 6,800 crore.

Sanghvi and his wife have also been barred from buying or selling the shares of Aptech for two years. Sebi imposed a total fine of ₹25 lakh on them.

The National Asset Reconstruction Company (NARCL) on Tuesday gave a ₹222.5 crore binding offer for verified claims of ₹619 crore, said two people with knowledge of the matter. The offer from NARCL equates to a 36% recovery for lenders and has triggered a 'Swiss challenge' auction.

SoftBank is the largest public stakeholder in the logistics company, holding an 18.42% stake as of December 31, 2022, through its entity SVF Doorbell (Cayman) Ltd.

The past trend shows that the markets were jittery a year before the elections in 2009, 2014, and 2019. The impact on the small cap index was more severe.

Sebi alleged that Joshi passed on information of impending large trades by his employer Axis Mutual to his aides who took positions before the fund house executed the transactions. Sebi said Joshi, who was privy to the trade information of the fund house including size and timing of orders that were not in public domain, would pass on the confidential information regarding the impending trade order to his connected individuals.

ET takes a look at brokerage Jefferies’ top stock picks in India based on at least 25% expected returns from Wednesday’s closing.

In terms of price action, the stock is still trading above most of the crucial short-term moving averages such as 5,10,30, and 50-DMA. It is also trading above the 100-DMA on the daily charts.

The group's flagship company Adani Enterprises gained 14.70% to close at ₹1,564.3. The stock has surged 31% in two trading sessions. Adani Green, Adani Transmission, Adani Power, Adani Wilmar, Adani Total Gas, and NDTV surged 5% - the highest tradeable limit of the day. Ambuja Cements, ACC, and Adani Ports gained between 2% and 3%.

At 10:23 a.m. ET, the Dow Jones Industrial Average was down 57.09 points, or 0.17%, at 32,599.61, the S&P 500 was down 17.47 points, or 0.44%, at 3,952.68, and the Nasdaq Composite was down 58.62 points, or 0.51%, at 11,396.93.

"Power Grid stock is on the verge of a breakout from the consolidation phase and the volumes were high in Monday’s session which is an initial sign of a breakout," Ruchit Jain, Lead Research, 5paisa.com, said.

On Wednesday, after a span of eight sessions, the Sensex benchmark index closed in the positive territory, rising by roughly 449 points to 59,411. During this rebound rally, 8 stocks from the BSE 500 index touched new 52-week highs. This technical indicator of a stock's highest trading price in the last year is considered important by some traders and investors while analyzing its current worth and predicting future price movements

Softbank is the single largest public stakeholder in the logistics company, and held 18.42% stake as of December-end, through its entity Svf Doorbell (Cayman) Ltd. Prior to Delhivery’s IPO, Softbank had acquired over 22% stake in the company

The order came after Sebi conducted an thematic inspection of BOI AXA Mutual Fund for the period August 2018 to February 2019. It was done to verify the books of accounts, records and other documents pertaining to the mutual fund with respect to Inter Scheme Transfer (IST) and valuation of downgraded debt securities

Under the rule, monetary fines should be levied on brokers based on policy approved by MCSGF. However, in the instant case while no provision existed, in place of taking up the matter before MCSGFC for formulating policy, MCX imposed the penalty on its trading members under some other clause

Stock market benchmarks ended nearly 1% higher on Wednesday, halting their 8 days of decline, amid gains in Asian and European equity exchanges. Nifty at the close topped 17,450 levels, gaining 0.85%. Meanwhile, broader markets outperformed their headline peers and rallied over 1%. Sector-wise, all the indices ended in the green, with metal and PSU Bank emerging as the top gainers rising up to 4%“The Nifty index witnessed some buying momentum from the lower levels and managed to surpass the hurdle of 17,400 where a significant amount of call writing was visible. The broader trend remains bearish but since we are in an oversold territory, a minor pullback can be witnessed if the index sustains above 17,400. The index if it fails to surpass the level of 17,500 will again witness selling pressure,” said Rupak De, Senior Technical Analyst at LKP Securities, saidHere are stock recommendations for Thursday

The S&P 500 opened lower by 6.81 points, or 0.17%, at 3,963.34, while the Nasdaq Composite dropped 7.96 points, or 0.07%, to 11,447.58 at the opening bell.

Bajaj Finserv Asset Management Limited (BFAML) will be the investment manager of the MF business and Ganesh Mohan, who has been a part of Bajaj Finserv for 8 years as group head for corporate strategy, will lead the AMC as CEO.

The past trend shows that the markets were jittery a year before the elections in 2009, 2014, and 2019. The impact on the small cap index was more severe.

With a market cap of around Rs 10,795 crore and FY22 consolidated revenue of Rs 5,553 crore, Sonata generates over three-fourth of revenue from the domestic products licensing and related services and the remaining from the international IT services across verticals including travel, manufacturing, retail, healthcare, and banking, financial services and insurance

The addition of the contracts will also expand the NSE product offering in the energy basket and its overall commodity segment. Earlier, NSE had signed a data licensing agreement with CME Group for the launch of oil and natural gas derivatives on its platform

Credit growth for most banks was between 15 and 20%, driven by continued growth in consumer segments even as the corporate credit growth too saw a healthy improvement

Chart readers said the low of Tuesday at 17,255 could now be considered as a short-term bottom reversal for the market. However, the medium-term downtrend in Nifty remains intact, and the present upside bounce could be considered as a pullback rally of a bearish trend.

However, the brokerage remained Underweight in the Indian FMCG sector, given the rich valuation and high consensus earnings forecasts. "For most companies, our earnings estimates are below consensus, and we have further lowered them post 3QFY23 results," it said

Domestic sales of MH&ICV in February 2023, including trucks and buses, stood at 17,282 units, compared to 14,596 units in February 2022. Meanwhile, total sales for MH&ICV domestic & international business in February 2023, including trucks and buses, stood at 17,928 units compared to 16,306 units in February 2022

In the bull case scenario, the brokerage values Nifty at a 10-year average (20.8x) and arrives at a bull case target of 22,487 (23,015 at a 5% premium to LPA earlier). Whereas, bear case Nifty can trade at a 25% discount to LPA (20% earlier) with a target of 16,866 (17,533 earlier), it said.

Adani stocks bounce back from the recent lows and are recovering in today's trading session. As an investor, what should you do if you hold these group stocks? ET Now's kb bothra analyses

Nifty50 ended at 17,451, up 147 points or 0.85%

Closing Bell: Sensex snaps 8-day losing streak, ends 449 pts higher; Nifty tops 17,450; Adani Ent rallies 16%, Rain Industries 8%.

Besides, Commodity Participants Association of India (CPAI) has made a similar request to the exchanges. It has asked exchanges to either shift the trading holiday from March 7 to March 8 or declare both days as trading holidays.

"Some of them will be very successful and some of the companies are very unique. There are no me-too companies in that particular segment," said the value investor whose team has been meeting the management of new-age companies.

"Growth in revenue per order led to a higher revenue growth of 28% quarter-on-quarter. All of this growth has come without any expansion in our dark store footprint as evident from the increase in the GOV per dark store," the company had said earlier in a statement.

The credit line from the sovereign wealth fund could be upsized to $5 billion, said the two sources, citing a memo that was circulated to participants as highlights of a three-day investor roadshow ending on Wednesday.

Wall Street closed out February in a subdued fashion with each of the three major indexes ending with monthly losses, as investors continue to assess whether U.S. interest rates will remain high for an extended period

China's factory sector grew in February at the fastest pace in more than a decade, an outlier in Asia, where manufacturing growth stalled elsewhere

The stock price of Bosch hit a high of Rs 18,520 on 21 February 2023 but faced some selling pressure. On the quarterly charts, the stock is on verge of a breakout from a 95-month falling trend line. The neckline of the pattern was placed at Rs 17,800.

Vedanta Resources, the parent company of Vedanta, in a statement, said it has pre-paid all its maturities tii March 2023 and has deleveraged by $2 billion and hence achieved half of its debt reduction commitment in the first year itself.

Equity markets were muted throughout the month of February as investors turned cautious on expectations that central banks would stay hawkish for longer than expected. Benchmark indices have logged losses for the past eight straight sessions.