On days when global markets are under pressure, nifty is showing signs of out performance. After opening lower, it is able to inch upward and market breadth also improves gradually. A number of times this up move is led by financial service and bank stocks which are announcing their Q4 result. We take a look at what analysts are saying for select financial service stocks.

Mankind Pharma derives 98% of its revenue from the domestic pharma market. Within its domestic business, 90% of its revenue comes from prescription pharmaceuticals and the rest from the consumer health business.

Right from an animal feed maker to an exporter of poultry products, a number of companies which are part of the rural economy are likely to be beneficiary as policy makers focus on increasing rural incomes.

Hero MotoCorp has surpassed an inverse head and shoulder pattern, according to experts. The company recorded the breakout on the daily charts, giving room for the stock to reach the INR 2,700 price level. The start of 2023 saw the stock's resistance at INR 2,500, but after some corrections and reaching INR 2,400, the price action created an inverse head and shoulder pattern. Experts predict a bullish price pattern, topping at INR 2,720 in the following 3-4 weeks if the price remains over INR 2,400.

Its shares are currently trading nearly 6.7% higher at Rs 1,387. The IPO received a strong response, with the issue subscribed for 15.32 times, primarily driven by QIBs. However, retail investors did not show much interest. Following the listing, Macquarie initiated coverage on Mankind Pharma with an 'outperform' rating and target price of Rs 1,400 based on the company's net profit potential, shift towards chronic therapies and unlocking of operating leverage.

After four weeks of straight up move,nifty once again witnessed volatile movement last week. In that correction, while the nifty suffered, the overall overall relative performance of the market has been better in terms of positive market breadth. From a shoe retailer which has been under pressure after covid, to a very large company to a QSR company which has seen a new generation moving into managing business, ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market.

Its shares are currently trading nearly 6.7% higher at Rs 1,387. The IPO received a strong response, with the issue subscribed for 15.32 times, primarily driven by QIBs. However, retail investors did not show much interest. Following the listing, Macquarie initiated coverage on Mankind Pharma with an 'outperform' rating and target price of Rs 1,400 based on the company's net profit potential, shift towards chronic therapies and unlocking of operating leverage.

Indian metal stocks suffered a drop of nearly 15% in CY23, making it the second-worst performer after the Nifty Media. Despite many analysts and brokerage firms highlighting that the drop provided an excellent buying opportunity, there was enough negative sentiment to overshadow the positive news. Headwinds such as China's slowing economy, the imposition of heavy export duty, and rising raw material prices have caused the decline. Due to this challenging environment, earnings for metal stocks will be a crucial factor in deciding the industry's fate. There are optimistic signs for the metal sector, with China showing signs of recovery, leading to limited downsides, and Indian metal equities being supported by the sector's previous underperformance.

Mahanagar Gas' shares rose by 9% to hit a 52-week high of INR1,088 after the company recorded a Q4 FY2022-23 net profit of INR268.8 crore, up 104% YoY. The firm also reported a FY23 net profit of INR790 crore, up 32% from the previous year. Revenue in Q4 FY2022-23 was up 67% YoY at INR1,771.8 crore, while the board declared a final dividend of INR16 per equity per share for FY23. The consensus recommendation from 24 analysts for the stock is a buy.

Zomato's shares decreased by nearly 5% on NSE amid concerns about the impact of Open Network for Digital Commerce (ONDC) on the food delivery platform's prospects. However, it's too early to predict whether ONDC will alter the fortunes of Zomato, according to Deepak Shenoy, Founder of Capital Mind. While acknowledging that ONDC represents a challenge, Shenoy said he believed Blinkit could pose a bigger threat to Zomato than ONDC itself. The stock has been highly volatile since its July 23 IPO and has returned 3.6% over the past year versus 11% for the benchmark Nifty.

Experts predict that equity markets in India are likely to be unaffected by the outcome of the upcoming Karnataka assembly elections, despite forecasts that Congress may emerge as the largest party. The benchmark Nifty 50 has risen by over 5% since April, following strong inflows from foreign institutional investors. While projections show Congress likely to win 105 seats, with BJP winning 85, the opinion poll also predicts the market would largely remain positive. Investors are urged to focus on inflation data from India, the US and China, as well as UK GDP data and the BoE interest rate during the week.

TVS Motor Company stock has seen a steady upward trend and offers good prospects due to its strong Q4FY23 earnings figures. Being the third largest two-wheeler manufacturer in India, it has outperformed the Nifty50 index, gaining almost 95% in a year. The company is the only manufacturer in India present across all three categories of two-wheelers. The stock has confirmed its 'consolidation' breakout, exhibiting a pattern resembling the "rounding bottom," indicating the continuation of the uptrend. Furthermore, it offers an increased momentum near its all-time territory, according to analysts. Sharekhan maintains a 'buy' rating with a target price of Rs 1,303.

In the NSE list of stocks with a market cap of over Rs 10,000 crore, eight stocks crossed their previous five-year high value at the close on May 8, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.

Indian equity markets saw an increase led by banks and auto stocks, with the S&P BSE Sensex up 0.30% and the broader Nifty50 up 0.31% in early trading. However, the IT sector recorded a drop and Nifty PSU Bank fell 0.82%. Dharmesh Shah from ICICI Securities recommended buying Reliance Industries and IDFC First Bank, amongst others, for traders with a short-term horizon. The Head of Research, Technical and Derivatives at Angel One, Sameet Chavan, continued to advise traders to adopt a buy on decline strategy as the market may reach between 18,350 – 18,500.

Morgan Stanley has given an 'overweight' rating to Sun Pharmaceuticals, citing several upcoming growth factors. JP Morgan has also rated Exide Industries and Kfin Technologies as 'overweight' and 'neutral', respectively, while Citi has a 'buy' rating on Exide. JP Morgan has given an 'underweight' rating to Pidilite Industries. The company's earnings missed expectations, but its gross margin recovered and the demand narrative was cautiously optimistic, it said.

Life Insurance Corporation of India (LIC) has 273 listed stocks in its portfolio worth INR 10tn ($133bn). Its largest holding is Reliance Industries, but its biggest returns so far this year have come from tobacco and consumer goods company ITC, which has risen by almost 30%. Tech consultancy TCS is LIC’s third largest holding, followed by State Bank of India and ICICI Bank. Among the largest holdings that have given double-digit returns are L&T, ONGC, Tata Motors and Dr Reddy's Lab. LIC has reduced its stake in ITC but the company's valuation there has risen above INR 80,000 crore.

The price of this company had been sliding lower since November and formed a series of lower and lower highs. The price has given a breakout from an Inverse Head & Shoulders -- a bullish reversal chart pattern. The volume had dropped while the pattern was formed and now it has increased with the breakout, which suggests that it supports the breakout.

In the Sensex pack, Bajaj Finserv, IndusInd Bank, L&T and UltraTech Cement were the top gainers, rising about 1% each. Tata Motors, Tata Steel, M&M, and Asian Paints also opened with gains. Whereas, HCL Tech, Sun Pharma, Infosys, HUL, and Bharti Airtel opened with cuts.

Sensex gains over 100 points, Nifty tops 18,300; Kansai Nerolac surges 8%, UPL drops 2%; YES Bank, Manappuram Finance, Rail Vikas Nigam are some of the top gainers in the morning trade.

The markets had a good day on Monday with the Nifty opening in a positive mood and ending the day with more than one percent rise. Technical expert are looking to see how the markets will behave compared to the level of Nifty’s 18,300 level.

The IPO, valued at Rs 4,326 crore, received an overwhelming response, being subscribed for 15.32 times due to interest from qualified institutional investors. Although the promoter holds 78% of the company while 12% is with existing private equity investors, the stock is considered expensive versus peers.

As many companies have already announced their Q4 results, brokerage firm Motilal Oswal has upgraded and downgraded the estimated FY24 earnings of a number of stocks. These stocks belong to various sectors like IT, auto, FMCG, and others. Here's a list of 10 stocks that got upgrades and downgrades after Q4 earnings.

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 Anant Raj and Info Edge India while Nooresh Merani has a buy/sell recommendation on Axis Bank and Ambuja Cements for today's trading session. Check out the targets and stoploss.

In the Nifty200 pack, five stocks' prices crossed above their 200 DMAs (Daily Moving Averages) on May 8, 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. Take a look:

The Indian market rose by more than 1% on Monday with S&P BSE Sensex adding over 700 points and Nifty50 closing above 18,200 levels. The auto, realty, banks, and IT stocks witnessed a rally, while consumer durables faced selling. Equitas Small Finance Bank, L&T Finance Holdings, and DLF were some of the stocks in focus. Jatin Gohil, Technical and Derivative Research Analyst at Reliance Securities, recommends partial profit booking for Equitas Small Finance and DLF, while advising to book profits for L&T Financial Holdings.

Three stocks, BHEL, Gujarat Narmada Valley Fertilizers and Chemicals, and Manappuram Finance, are under futures and options (F&O) ban as their open interests rose above the prescribed percentage. Traders who deal in indices are not affected by the security ban, but open interest or market-wide position limits of any stock exceeding 95% of F&O prompts a ban which is lifted only when this percentage drops below 80%. The market-wide position limit for Delta Corp was 97.4% on Monday, while it stood at 92.6% and 89.6% for GNFC and Manappuram Finance, respectively.

Separately, Buffett’s firm owns a 24% stake in Occidental common stock and is the company’s largest shareholder, according to data compiled by Bloomberg. Berkshire is willing to buy more Occidental common stock, Buffett said at its shareholder meeting in Omaha this month. However, he ruled out buying the oil producer outright.

Asian stocks had mixed results as traders awaited the release of China's trade data, signalling if the country is on its way towards economic recovery. Japan's shares rose while Hong Kong and South Korea observed a fall. The S&P 500 and Nasdaq 100 futures both declined during trading in Asia. China's data for April exports will likely show growth in comparison to the current month due to the market's rebound. Meanwhile, investors will be eyeing US President Joe Biden and congressional leaders' discussions on debtor liabilities, which may have implications on bond and bill yields.

U.S. stocks lacked direction and struggled on Monday, with Catalent and Tyson Foods posting poor earnings. On Friday, the U.S. jobs data allayed fears of a labor market shortfall, driving stocks upwards. Investors’ attention will now be on Wednesday’s consumer price index data to assess whether the Federal Reserve’s tight monetary policy is keeping inflation under control.

Pidilite Industries posted a net profit of Rs 283 crore for the quarter ended March, while revenue from operations stood at Rs 2,689 crore.

The details will be finalised after broader stakeholder consultations. "The government has studied the best practices of several jurisdictions and a similar, if not the same, insolvency mechanism is followed in the UK," said an official aware of details. "Various aspects and structures of the planned framework are being examined and a final decision would be taken in due course."

Of the 11 analysts who reviewed Paytm's fourth-quarter earnings, nine had a 'buy' or 'outperform' rating, while two remained 'neutral'. The consensus price target increased by 3.02% to ₹924.50, showed a Bloomberg poll of analysts.

The National Company Law Appellate Tribunal (NCLAT) rejected Rajagopal’s Rs 423-crore plan on the grounds that it was revised after a majority of lenders voted on it, but the revised plan was not put before lenders for a vote.

“By June, you will see open market 10-second loans hitting the streets both for personal and business loans for every citizen of India who is eligible for a financial loan,” said Arvind Kapil, retail head of HDFC Bank. “Whether you have an account or don’t have an account with us, we could assess you end-to-end without any documentation online and the product will be disbursed 24×7.”

MRF shares currently have the highest denomination among all the companies listed in India. Though the price denomination of a share has little relevance, investors - mostly retail - shy away from buying such stocks on the notion that these are expensive shares.

The Sensex advanced 709.96 points, or 1.16%, to close at 61,764 -a day after banking stocks took a beating following a selloff in HDFC twins. The Nifty gained 195.40 points, or 1.08%, to settle at 18,264.

According to the bank website, the one-year MCLR which is the key barometer for most loans has been hiked to 9.05% from the earlier 8.95%.

While the stock has failed to hold its record high and is considered to be overbought, it's still viewed as a profitable investment as it has exhibited multiple positive technical aspects and confirmed breakouts on Heikin Ashi charts.

JPMorgan Chase has retained its "overweight" rating for Reliance Industries, stating that the oil-to-telecom conglomerate's stock offers an attractive risk-reward to investors. Despite worries surrounding declining refining margins, the bank believes that the full benefits of the company's multi-billion-dollar capital shares will start being seen in FY25. The bank believes that the retail sector remains the most attractive for investors, but its growth is yet to be reflected in earnings. Disclosure is expected to further improve with the upcoming listing of Reliance Retail.

"Syngene International stock price has been in a strong uptrend on the monthly charts. However, it has been in a 2-year consolidation. The stock has now come out from this consolidation and exhibiting multiple positive technical aspects," Gaurav Bissa, VP, InCred Equities, said.

The anchor book represents over 45% of the Rs 3,200-crore Initial Public Offering (IPO) that is scheduled to open on Tuesday and close on Thursday. The price band for the offer has been fixed at Rs 95-Rs 100 per unit.

MRF shares reached a 52-week peak of INR99,933.50 ($1,356) before closing at INR97,750 ($1,324), falling short of the coveted INR100,000 mark by INR66.50 ($0.90). Over the last three trading sessions, the stock saw almost 11% growth and gains of over INR10,000 per share. MRF outperformed the Nifty50, delivering more than 37% returns compared to the 9% returned by the 50-stock index. Technical analyst Nilesh Jain said MRF was set to surpass the INR100,000 mark and could test levels of INR105,000, although he cautioned against fresh buying at higher levels.

Blackstone, which in November said it would buy a near 52% stake in the IT services firm for $359 million, needed to raise its stake to 90% for the delisting proposal to work.However, the offer secured only share tenders from 11.45% of public shareholders, compared to the minimum 38.33% required to raise Blackstone's stake to 90%, offer manager Kotak Mahindra Capital said in a disclosure

Exide Industries has posted a standalone net profit of INR208 crore for Q4'22, compared to INR4,120 crore in the same period in 2021, due to Rs4696 crore of one-time income related to the sale of its Exide Life Insurance Company. The company's revenue from operations for Q4'22 increased by 3.7% to INR3,543 crore from INR3,417 crore last year. Managing director Subir Chakraborty said the rise in raw material prices affected profitability, but is working to provide advanced battery solutions while staying on track with its lithium-ion cell manufacturing project.

In the current fiscal year, a major factor that is likely to impact the performance of these companies is the muted replacement demand for tyres as reflected in rising discounts. The replacement demand accounts for 50-55% of the total volume of the tyre makers with a high profitability.

The Dow Jones Industrial Average rose 40.77 points, or 0.12%, at the open to 33,715.15.

Led by gains in private bank, realty and auto stocks, domestic indices rallied in Monday’s session. Nifty topped 18,264 levels at close, up over 1% or nearly 200 points, while Sensex added 710 points and settled at 61,764. Top gainers from the Nifty pack included stocks like IndusInd Bank, Tata Motors, Bajaj Finance, Bajaj Finserv and ONGC, while laggards were Coal India, Adani Enterprises, Sun Pharma and Britannia.

Valuation master Aswath Damodaran outlined the parameters and methodology for valuing banks, in a blog post which aimed to educate investors on the intrinsic value and worth of banks. Damodaran indicated that for banks, one can only value equity and therefore use price-to-earnings or price-to-book as parameters for valuing banks, with the future free cash flows to equity used as a measure of intrinsic value.

India's markets regulator, Sebi, has said that more than 1.9 million investors in PACL have received INR9.2bn ($128m) in refunds. PACL was found to have raised INR600bn ($8.3bn) from the public via illegal collective investment schemes in the name of agriculture and real estate businesses over a period of 18 years. The refunds have been processed in phases for investors who put money into PACL. A total of 3,747 investors with claims of up to INR15,000 have received payment of INR24.5m.

IndusInd Bank shares rebounded 5% higher to close at INR 1,128.30 on Monday after the chief risk officer, Ramaswamy Meyyappan, tendered his resignation to join an MNC bank. The bank has identified a new CRO and is completing necessary formalities. Jefferies analysts retained their "Buy" rating on the bank, stating that Meyyappan's resignation didn't warrant the 5% correction in share prices on Friday 25 June, and the stock's valuations remain attractive. IndusInd Bank's standalone net profit rose 50% to INR 2,040 crore in Q4, while the net interest income rose 17% to INR 4,669 crore.