3 Adani group companies among 10 stocks that saw highest FII selling in Q3 - over 1 year ago
Foreign Institutional Investors (FII) share by value in companies listed on NSE went up to 20.18% as on December 2022 from 19.98% as on September 2022, according to data sourced from Prime Database. In value terms, FII holding stood at Rs 55.70 lakh crore, an increase of 4.98% over the last quarter. In the December quarter, FII holding went down in 692 companies listed on NSE. Here are the companies that saw highest selling by FIIs in value terms:
Economic Times

Adani Enterprises stock price appreciation to Rs 3,800 not inconceivable: Krishnamurthy Subramanian - over 1 year ago
Led by a gravity-defying rally in shares of Adani companies, Gautam Adani's personal net worth has sky-rocketed by 2,000% in the last few years and even earned him the title of the world's second richest man in 2022
Economic Times

Adani Wilmar shares can rally 37% on uptick in demand, says KR Choksey - over 1 year ago
We like the company’s strategy of penetration-led growth, focus on the international market, increasing distribution reach, timely capacity addition to supporting the growth, new product launches, and acquisition of the Kohinoor brand. We expect Adani Wilmar to benefit from the recent uptick in demand," it said.
Economic Times

These 6 metal stocks can deliver over 65% returns, say analysts - over 1 year ago
The focus of analysts is back on metal stocks. Unlike 2021 and early 2022 when the outlook was bullish across the board. This time around it is not secularly bullish. It is select stocks which are getting attention, companies either with large capacity, fully integrated or in any area where they are literally monopolies. For the purpose of this report, where the average stock report plus score is a minimum of 9. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.
Economic Times

Fundamental Radar: Bank of Baroda could surpass Rs 200 level to hit fresh 52-week high - over 1 year ago
The PSU stock reported a strong December quarter on the back of higher net interest income (NII), growth in loan book as well an improved asset quality mix, suggest experts
Economic Times

Battery charged! MFs, retail investors lap up auto ancillary stocks for an EV ride - over 1 year ago
Mutual funds have increased their holdings in auto ancillary makers across the board for three quarters in a row. Foreign institutional investors and retail investors too, have raised their ownership in some of the names.One stock that has seen buying across the investor fraternity is Sona BLW Precision Forgings
Economic Times

Sticking to largecaps amid volatility? These 4 stocks have up to 26% upside scope - over 1 year ago
As volatility continues to stay at elevated levels, the focus in the market is shifting to stocks which are considered as relatively better placed These stocks tend to fall less in bearish or volatile conditions. These companies have shown an improvement in their score at a time when analysts are revisiting their estimate in light of Q3 results and also the fact that inflation has been sticky globally and interest rates are still inching upward. 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.
Economic Times

These 6 midcap stocks with ‘strong buy’ & ‘buy’ ratings can rally over 25%, say analysts - over 1 year ago
For all those who are busy guessing how things will pan out for markets in the short term due to evolving news flow. A small reminder, every event has a shelf life and the moment the new event and news flow gets over, it all comes down to earnings of the companies. We are now approaching the end of the earning season. Majority of the companies which have decent enough trading volumes have given their results. There was little positive surprise, but management commentary in a number of cases was more positive. 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.
Economic Times

U-turn! Adani stocks spring back on buying at lower levels - over 1 year ago
Out of the 10 Adani stocks, eight were trading in the green zone, with NDTV and Adani Power locked in their 5% upper circuit limits. Adani Group's flagship entity Adani Enterprises was up 2.4% at Rs 1,821. Earlier in the day, index provider MSCI said it will postpone implementation of updates to weightings for Adani Total Gas and Adani Transmission to the May benchmark review.
Economic Times

Voda Idea's loss widens to Rs 7,990 crore in Q3. Should you buy, sell or hold the stock? - over 1 year ago
However, the telecom operator continued to lose subscribers. Its subscriber base as of December 31 was 228.6 million, compared with 234.4 million a quarter ago. The total number of data subscribers for the company was steady at 135.3 million at the end of the December quarter
Economic Times

IndiGo promoters to sell 4% stake worth $350 mn through block deal: Reports - over 1 year ago
The promoters of IndiGo's parent company are reportedly looking to sell $350 mn worth of shares through a block deal. Floor price has been set at Rs 1875 which is at a 6% discount from the last traded price. Pankaj Poddar details.
Economic Times

Elon Musk nears world’s richest title again - over 1 year ago
It may take a bit longer for Musk to overtake the French luxury-goods titan, though, after disclosing this week he gave 11.6 million Tesla shares to unnamed charitable causes between August and December. The stock was worth about $1.9 billion, based on closing prices on the days Musk donated the securities.
Economic Times

Fundamental Radar: Healthy loan book makes BoB an attractive buy, says Sneha Poddar - over 1 year ago
"BOB reported a strong quarter on the back of higher NII and other income, with historic high RoA of 1.1%. Business growth was healthy with loans growing 6.5% QoQ, aided by strong traction across segments, while Margins expanded to 3.4%," Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.
Economic Times

Stocks to buy today: 5 short-term trading ideas by experts for 16 February 2023 - over 1 year ago
Analysts said that a favourable global backdrop and FII buying can sustain the rally but breaking the 18,200 Nifty resistance would be tough.
Economic Times

FIIs & MFs on shopping spree! This e-tailer stock saw Rs 7,200 crore-buying in last 3 quarters - over 1 year ago
FII holdings in Nykaa rose to 11.06% at the end of December quarter from 5.98% in the March quarter. Mutual funds have taken their overall holdings to 4.06% at the end of December from 2.0% in March.
Economic Times

Buffettology! 9 Indian stocks that fit Warren Buffett's funda of investing - over 1 year ago
If you are one of those investors who follow the investment philosophy laid down by Warren Buffett, who is undoubtedly one of the best stock pickers in world history, then a custom screen made by MarketSmith can prove to be useful. The filter lists out Indian stocks that fit the formula of picking stocks according to Buffettology. A former student of Benjamin Graham, Buffett is noted as a legendary value investor, though he is also believed to incorporate an emphasis on management quality and company growth prospects. Buffett also emphasizes on stocks that are trading at reasonable prices.Here are 9 stocks that fit Warren Buffett's funda of investing, as listed on MarketSmith:
Economic Times

Hot Stocks: Brokerages view on steel stocks, Apollo Hospitals, PB Fintech, Biocon and others - over 1 year ago
JP Morgan on Tata Steel and SAIL said, "Investor sentiment remains bearish on metals, lacking a meaningful demand recovery in China. Either steel prices need a rally or coking coal prices need to fall. Indian steel mills are well positioned".
Economic Times

Sensex rises over 250 points, Nifty above 18,100; IndiGo slips 4% - over 1 year ago
Sensex jumps over 250 pts, Nifty above 18,100; IndiGo slips 4%, Adani Green rises 5%; YES Bank, Tata Steel, PNB are some of the top movers in morning trade.
Economic Times

Sensex jumps over 350 points, Nifty above 18,100 on solid global cues - over 1 year ago
From the Sensex pack, Tech Mahindra, L&T, Reliance, Tata Steel and Sun Pharma were the top gainers, rising about 1-2.5%. Bajaj Finserv, M&M, HDFC, HCL Tech and Wipro also opened with gains. However, only Maruti Suzuki opened with losses.
Economic Times

PSU or private? Here's how to trade bank stocks after Q3 results - over 1 year ago
While the Nifty Bank is down about 3% so far in the calendar year, both PSU and private sector lenders have seen double-digit losses after a fantastic 2022.
Economic Times

IndiGo promoters likely sold 3.7% equity, taking stock down 5% - over 1 year ago
Yesterday, it was reported that IndiGo promoters have put 1.56 crore shares on block and the floor price for the sale is Rs 1,875 a share. The deal was estimated to be worth $350 million with Goldman Sachs as the broker. As of December 2022, promoter and promoter group entities held about 72% stake in the company that owns IndiGo airline.
Economic Times

Stocks in focus: Adani Ent, HAL and more - over 1 year ago
Nifty futures on the Singapore Exchange traded 41 points, or 0.23 per cent, higher at 18,061.50, signaling that Dalal Street was headed for a positive start on Thursday. Here are some stocks which are expected to see some action in trade today.
Economic Times

Buy or Sell: Stock ideas by experts for February 16, 2023 - over 1 year ago
ET Now spoke to various experts and here's what they have to recommend for today's trading session. Nooresh Merani has a buy/sell recommendation on HDFC Bank and ICICI Bank while Kunal Bothra has a buy/sell recommendation on PFC and ICICI Bank for today's trading session. Check out the targets and stoploss.
Economic Times

Trader's Guide: This largecap PSU bank & Tata group stock can rally up to 5% - over 1 year ago
On Wednesday, the markets started the day in the negative territory. The Nifty, though, gained sharply in the closing 90 minutes of the day, rising above two resistance points.
Economic Times

Why Indian market is stable despite Adani m-cap rout - over 1 year ago
On January 24, Adani Group was India's second-largest conglomerate by market capitalisation (about Rs 19 lakh crore) behind the Tatas when US short-seller Hindenburg Research published the damning report. Since then, Adani Group has lost more than half its value - its market cap is currently at Rs 8.7 lakh crore and ranks fourth. Over Rs 10.5 lakh crore or over $125 billion has been wiped out in Adani Group stocks in 15 trading sessions.
Economic Times

2 stock ideas -- one with a short-term up move, second with sideways option strategy - over 1 year ago
Its stock price has been under consolidation for the past few sessions. Prior to that, the price was sliding lower since November. Now it has formed a morning star candlestick, which is a bullish reversal pattern and hints toward a bounce in price. Simultaneously, the volume has risen, indicating that its upside move can be sustainable.
Economic Times

Big Movers on D-St: What should investors do with Siemens, Jindal Saw and Torrent Power? - over 1 year ago
Stocks that were in focus include names like Siemens which was up over 3%, Jindal Saw rose nearly 5% and Torrent Power rallied more than 10% on Wednesday.
Economic Times

MSCI delays index weighting changes for two Adani companies - over 1 year ago
MSCI said last week it would cut the weightings of four Adani Group companies, including flagship firm Adani Enterprises, in its indexes after reassessing the number of shares that are freely traded.
Economic Times

Charlie Munger downplays risk of Taiwan invasion, says crypto fans are 'idiots' - over 1 year ago
The 99-year-old spoke while fielding 2-1/4 hours of questions at the annual meeting of Daily Journal Corp, a Los Angeles newspaper publisher and provider of software to courthouses that he chaired for 45 years and where he remains a director.
Economic Times

Wall Street closed higher after strong economic data - over 1 year ago
Paired with Tuesday's data showing a monthly inflation pick-up in January, evidence of an increase in consumer spending fed worries the U.S. Federal Reserve would keep increasing rates for longer than some investors had hoped.
Economic Times

Asian stocks shrug off rates risk as US consumers spend - over 1 year ago
The greenback stood near six-week highs against the yen, yuan and kiwi. Benchmark 10-year Treasury yields, which rise when bond prices fall, hit their highest since early January.
Economic Times

Stocks in news: Nestle, IndiGo, Zydus, NTPC, Tata Steel, PTC Industries - over 1 year ago
Nestle will announce its fourth quarter results today. The company, which follows a January to December calendar year, is expected to report high mid to high single digits volume growth in the fourth quarter ended December, while EBITDA margins are seen to be contracting.
Economic Times

SGX Nifty up 40 points; here's what changed for market while you were sleeping - over 1 year ago
Option data suggests a broader trading range in between 17700 to 18300 zones while a shift in immediate trading range in between 17850 to 18200 zones.
Economic Times

T-bill yields spike in Feb on rate hike possibilities - over 1 year ago
Bank of Baroda chief economist Madan Sabnavis said the higher T-bill yields reflect the dwindling banking liquidity and persistent inflationary expectations. "After the budget announcement, the 364-day yield has gone up by almost 8 basis points every week. This also can be related to surplus liquidity, which is now down to less than ₹1 lakh crore. Also, inflation fears and possible rate increase has spiked up the rate further in today's auction," Sabnavis said.
Economic Times

Social Stock Exchange inches closer to its first listings - over 1 year ago
At least three leading charitable trusts are learnt to be in advanced talks with the National Stock Exchange (NSE) for a listing, said people with direct knowledge of the matter. The exchange, which received in-principle approval from the Securities and Exchange Board of India (Sebi) to launch the social stock exchange platform, is currently awaiting the final nod.
Economic Times

ReNew in talks with lenders for Rs 4,000-cr debt raise - over 1 year ago
The dollar bond will be launched as early as next month and the rupee loan will be in place by end of this month, both sources said. The dollar bond will be issued at the holding company level - ReNew Power Private Limited (RPPL).
Economic Times

Apollo, Covid-free, on course with integrated health model - over 1 year ago
The company's top line grew at a strong clip of 17% ahead of the consensus estimates but the bottom line declined 33% below Street expectations. The cash burn of ₹174 crore as the operating cost of the company's digital business Apollo 24x7 impacted the profitability at the overall level. The operating profit (Ebitda) margin dropped 420 bps to 11.9%.
Economic Times

NBFCs appeal for rollback of tax provisions on MLD returns - over 1 year ago
In a letter addressed to Finance Minister Nirmala Sitharaman, the Finance Industry Development Council (FIDC) has said that the budget provision would dent the ₹75,000-crore industry and sought parity in the taxation framework for all debt products.
Economic Times

SBI hikes MCLR-based lending rates by 10 bps - over 1 year ago
For the fortnight ending January 13, credit growth rose 16.5% annualised as against 10.6% growth in deposits. According to the SBI website, the bank has increased the overnight lending rate, based on the marginal cost of funds-based lending rate, by 10 bps to 7.95%, while the same for one-and three-month maturity has been increased to 8.10%.
Economic Times

Brokers struggle with new client collateral norms - over 1 year ago
Some brokers are taking 15-20 minutes to set a limit for trading after fund transfers, while the limit for pledged shares is taking 45-90 minutes, said market participants. This is resulting in delay in immediate trade execution, they said.
Economic Times

Triton guarantee for AMW Motors encashed as it fails to pay - over 1 year ago
Triton had offered ₹210 crore in cash to creditors of AMW Motors at more-than-94% haircut to lenders that have admitted claims of ₹3,756 crore. The NCLT had approved the plan in December giving Triton 45 days to complete the transaction. However, Triton failed to make the payment in the stipulated time as a result of which the guarantee was invoked, people familiar with the matter said.
Economic Times

Jammu and Kashmir Bank likely to sell Rs 303 crore KSK Mahanadi Power debt to ASREC - over 1 year ago
The Swiss challenge auction is scheduled on February 27, according to a notice issued by the bank early this week. If the offer by the ASREC is not challenged, it will equate to a recovery of 40 paise on a rupee for J&K Bank.
Economic Times

Biocon plans to sell stake in Biologics to pare debt: Shreehas Tambe, Biocon Biologics - over 1 year ago
"There are several other discussions that we have been having with private equity investors who are interested in making an investment in Biocon Biologics and that will help us bring down the $1.2 billion debt ... help us reduce the interest component that we see in the P&L," Shreehas Tambe, chief executive officer and managing director of Biocon Biologics, said in an interview.
Economic Times

Two lakh agriculture credit societies, fishery-dairy cooperatives to be set up - over 1 year ago
The ministry of cooperation has formulated a plan to establish viable PACS in each uncovered panchayat, viable dairy cooperatives in each uncovered panchayat/village and viable fishery cooperatives in each coastal panchayat/village as well as panchayat/ village having large water bodies, an official statement said.
Economic Times

Stock Radar: Capital Goods space in focus! L&T could retest Jan 2023 highs; here’s why - over 1 year ago
The S&P BSE Sensex stock hit a 52-week high of Rs 2,297 on January 20, 2023, but failed to hold on to the momentum. It corrected by about 10% to hit a low of Rs 2,073 on January 31 before bouncing back
Economic Times

Wall Street slips as strong retail sales data fuels rate worries - over 1 year ago
The Dow Jones Industrial Average fell 80.64 points, or 0.24%, at the open to 34,008.63
Economic Times

London FTSE 100 index breaks through 8,000 points - over 1 year ago
The benchmark index rallied to an all-time pinnacle at 8,003.65 points, helped by the weak pound which boosts the share prices of multinationals whose earnings are in dollars.
Economic Times

Stock Radar: Buy L&T for a target of Rs 2275-2340 in short term, says Ruchit Jain - over 1 year ago
"Post some retracement from the highs, L&T seems to have resumed its broader uptrend as the stock witnessed a breakout above its resistance with good volumes, and the momentum readings have given a positive crossover," Ruchit Jain, Lead Research, 5paisa.com, said.
Economic Times

Airbnb shares surge as Wall St cheers strong forecast, cost controls - over 1 year ago
Though Airbnb flagged pressures on average daily rates through the year due to higher bookings from less pricier urban areas and regions like Latin America, Atlantic Equities said overall travel demand should translate into strong financial performance
Economic Times

Sebi introduces issue summary document for filing IPO papers in XBRL format - over 1 year ago
The regulator has decided to introduce the ISD in XBRL format for Initial Public Offer, Further Public Offer, further issues -- preferential issue, qualified Institutions Placement, rights issue, issue of American Depository Receipts, Global Depository Receipts and Foreign Currency Convertible Bonds
Economic Times