Weekly Top Picks: 3 stocks with consistent score improvement and upside potential of up to 14 % - over 1 year ago
As the NIFTY continues its upward journey, bias of the underlying volatility has once again tilted toward bulls. During this period, there are still some pockets where stocks have seen an improvement in their analyst scores. Though on Monday, given the pressure which some large cap IT stocks may witness we might see volatility once again changing the color.The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum.
Economic Times

How to find a fund that will fit your existing portfolio - over 1 year ago
Choosing the right mutual fund requires an investor to prioritize their objective, rather than the fund's performance. They should aim for a good mix that aligns with their investment goal and look past the elusive alpha. Investors also need to examine the AMC's performance, fund managers, and the fund's past cycles to ensure that it is a good fit in the long term. Diversification is crucial, but over-diversification reduces returns and increases monitoring time. Ultimately, investors should have an honest conversation with their advisor about losses and choose a fund that aligns with their financial goals.
Economic Times

European shares end fifth week higher on earnings boost - over 1 year ago
EssilorLuxottica SA jumped 6.3%, among top boosts to the blue-chip EURO STOXX index, after the luxury eyewear maker reported a rise in first-quarter revenue on a rebound in China-led growth.
Economic Times

Invest Right! Do you know these 7 ‘Truths of Investing’ - over 1 year ago
Despite a culture of high savings, only 5-6% of Indians invest in equities due to a lack of financial literacy. However, fintech companies and financial institutions have started leveraging user-friendly interfaces, informative content, and investment tools to educate and empower individuals to make informed investment decisions.
Economic Times

HCL tech shares up 1%, but analysts cut targets - over 1 year ago
Shares of HCL Technologies advanced 1.1% on the NSE to close Friday's session at ₹1,048.95. The stock surged a little more than 3.5% during the day. More than 80 lakh shares exchanged hands on the BSE and NSE, up nearly 3 times its combined average daily volume over the last one month.
Economic Times

HCL Tech Shares Up 1%, but Analysts Cut Targets - over 1 year ago
Shares of HCL Technologies advanced 1.1% on the NSE to close Friday's session at ₹1,048.95. The stock surged a little more than 3.5% during the day. More than 80 lakh shares exchanged hands on the BSE and NSE, up nearly 3 times its combined average daily volume over the last one month.
Economic Times

Energy, consumer businesses driving RIL earnings growth - over 1 year ago
Meanwhile, operating profit of the telecom segment improved 2% to '12,767 crore, driven by subscriber additions. Average revenue per user (ARPU) remained stable at '178.8. Retail business, where the firm is on a shopping spree, had quarterly revenues of '69,267 crore, up nearly a fifth. Here, the operating margin climbed to 7.09%-the highest in eight quarters.
Economic Times

What will analysts recommend after RIL posts better than estimated quarterly earnings? - over 1 year ago
RIL has reported a consolidated net profit of Rs 19,299 crore ($2.58 billion) in Q4FY2023, up 19% YoY, mainly due to higher other income and lower taxes. However, revenue grew only 2% YoY to Rs 2.16 lakh crore ($28.86 billion), slightly lower than the estimated Rs 2.22 lakh crore ($29.63 billion). Highlighting its potential, the company gave a positive outlook across the oil, gas, retail, and telecom segments.
Economic Times

Wall St slips on mixed earnings, Fed's rate path in focus - over 1 year ago
US Treasury yields increased following the survey, leading to the decline of technology and growth stocks, while a slate of Fed speakers this week voiced support for another 25-basis-point rate hike.
Economic Times

Ace investor Vijay Kedia raises stake in this multibagger stock - over 1 year ago
Affordable Robotic and Automation shares have given multibagger returns to investors in the last six months, rising over 100%. As of March 2023, Vijay Kedia and his firm Kedia Securities hold a combined stake of 13.30%, up from 12.25% in September 2022.
Economic Times

Mirza International has rallied 88% in last six trading sessions - over 1 year ago
Shares of Mirza International surged by 88% in the last six trading sessions after its demerger and announcement of a net worth of Rs 727 crore, giving an upper hand to RedTape. Mirza stocks gained despite analysts' concerns over high valuations stating the company is trading at a P/E of 17x compared to its industry peers like Bata India, trading on a P/E of 59.40. Mirza's working capital requirements have also reduced from 123 to 95.8 days in FY2022, with annual manufacturing capacity of 54 million pairs of shoes.
Economic Times

Sebi approves transfer of controlling stake of HDFC AMC to HDFC Bank - over 1 year ago
HDFC Bank's controlling stake acquisition in HDFC AMC has been approved by the Securities and Exchange Board of India (SEBI) as part of the amalgamation scheme. SEBI has also instructed HDFC AMC to comply with Sebi (Mutual Funds) Regulations, 1996 guidelines and circulars. The approval will enable HDFC Bank to merge with HDFC, expecting to conclude by Q3 of the next fiscal year. The merger, estimated at $40bn, will create a financial services titan with assets totalling around INR 18 lakh crore. HDFC Bank will be solely owned by public shareholders, with HDFC shareholders owning 41% of the bank.
Economic Times

These 4 consumer discretionary stocks touch their new 52-week high, gaining up to 42% in a month - over 1 year ago
The Sensex experienced a slight increase on Friday, gaining 23 points to reach the 59,655 mark. As a result of this minor upswing, 4 stocks from the BSE consumer discretionary index reached new 52-week highs, which is a critical technical indicator for many traders and investors. This indicator helps them to assess a stock's current value and predict its future price movements. The "52-week high" refers to the highest price at which a stock has been traded in the past year."
Economic Times

US stocks subdued at open, investors focus on business activity data - over 1 year ago
Dow rises 0.02%, S&P 500 opens higher by 0.06%, and Nasdaq Composite drops 0.11%
Economic Times

Bridging the gap between retail investors and wealth managers is the future - over 1 year ago
Wealth management still belongs to human intelligence and emotional withstanding, and the ground reality still reflects this, despite the rise of robo-advisory algorithms. However, technology can develop to aid wealth managers, such as the use of aggregator platforms for wealth managers, SaaS platforms with complete open stack and open API keys for execution activities across multiple asset classes, and seamless omnichannel experiences
Economic Times

Market regulator bars Rajesh Mokashi from associating with Sebi-registered intermediaries - over 1 year ago
Former CEO of Care Ratings, Rajesh Mokashi, has been banned from associating with any Sebi-registered intermediary for two years after he was found guilty of interfering with rating decisions involving distressed borrowers such as Dewan Housing and Finance (DHFL), Yes Bank, Anil Ambani-promoted Reliance Communications and Infrastructure Leasing & Financial Services (IL&FS). Sebi initiated legal action after receiving several whistle-blower complaints of interference that brought undue pressure on analysts giving ratings. Sebi found information to support the fact that weakness and interference occurred in the rating system at the debt-rating agency.
Economic Times

Tech View: Nifty takes breather after 3 straight weekly gains, consolidation to continue - over 1 year ago
The Nifty50 has lost over 1% this week, mainly due to profit booking after achieving over 5% gains. According to analysts, the index is in a consolidation phase, which is expected to continue in the upcoming week. However, until the support of 17,500 holds, there is no sign of caution for the market
Economic Times

Reliance Jio FYQ4 net profit up 13% on year - over 1 year ago
The Mukesh Ambani-led telco’s March quarter revenue from operations rose 11.9% on-year and 1.7% sequentially, at Rs 23, 394 crore.Shares of Reliance Industries (RIL), Jio’s parent, closed around 0.14% higher at Rs 2348.9 on the Bombay Stock Exchange Friday. The Jio results were declared after market hours
Economic Times

5 logistics & transportation companies with 'strong buy' and 'buy' ratings that can offer up to 37% returns - over 1 year ago
As the economic activities continue to pick pace, logistic companies are back on their feet. They had suffered during covid period and due to rising oil prices, a couple of them did some internal restructuring to put things back on track. Now there are more tailwinds than headwinds. The list only includes companies which have an institutional shareholder holding of at least 8 percent.The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.
Economic Times

​​These 9 stocks beat volatility to zoom 10-70% in 5 sessions - over 1 year ago
During the past five trading sessions, Indian stocks have displayed volatility, with the benchmark index Sensex closing negatively three times, leading to an overall decline of about 1%. However, there are 53 stocks from the BSE universe with a market capitalization exceeding Rs 500 crore that have exhibited consistent upward movement.ET Markets has identified nine stocks that not only delivered consistent performance but have also gained anywhere between 10-70% in just the past five trading sessions. (Data Source: ACE Equity)Trendlyne data suggests that except for SEL Manufacturing, all other stocks appear strong on SWOT analysis.
Economic Times

HDFC Bank gets some clarifications from RBI on merger with HDFC - over 1 year ago
The clarification covers matters including lending, CLR, investments, loan against shares, and some regulatory requirements. RBI permit investments, including subsidiaries and associates of HDFC Bank to continue as investments of HDFC Bank. The regulator has allowed the bank to increase shareholding in HDFC Life and HDFC ERGO General Insurance over 50%.
Economic Times

​These 9 stocks beat volatility to zoom 10-70% in 5 sessions - over 1 year ago
During the past five trading sessions, Indian stocks have displayed volatility, with the benchmark index Sensex closing negatively three times, leading to an overall decline of about 1%. However, there are 53 stocks from the BSE universe with a market capitalization exceeding Rs 500 crore that have exhibited consistent upward movement.ET Markets has identified nine stocks that not only delivered consistent performance but have also gained anywhere between 10-70% in just the past five trading sessions. (Data Source: ACE Equity)Trendlyne data suggests that except for SEL Manufacturing, all other stocks appear strong on SWOT analysis.
Economic Times

Sensex closes marginally up by 22 pts; Nifty settles almost flat at 17,624 - over 1 year ago
IT firms ITC, TCS, Wipro, Asian Paints and HCL Tech were top performers rising 1-2% but Tata Steel, Maruti, Bajaj Finserv, Tech Mahindra, UltraTech Cement, and Tata Motors closed lower.
Economic Times

Sensex closes marginally up by 22 pts; Nifty settles almost flat at 17,624.05 - over 1 year ago
IT firms ITC, TCS, Wipro, Asian Paints and HCL Tech were top performers rising 1-2% but Tata Steel, Maruti, Bajaj Finserv, Tech Mahindra, UltraTech Cement, and Tata Motors closed lower.
Economic Times

Sensex up 23 pts, Nifty above 17,600; Vodafone Idea gains 6%, HDFC Life drops 3% - over 1 year ago
Closing Bell: Sensex ends 23 pts higher after rangebound trade; Nifty holds above 17,600; Vodafone Idea gains 6%, HDFC Life drops 3%.
Economic Times

Dairy stocks sizzle as temperatures soar. Time to milk gains? - over 1 year ago
Dairy stocks have surged due to concerns over milk shortages during soaring summer temperatures as peak demand kicks in. Heritage Foods shares have risen 23% while Parag Milk has gained 10% on expectations of further price hikes, which would increase their margins.
Economic Times

Rs 11,400 crore in 3 days! ITC pips HDFC to be 7th largest company by market cap - over 1 year ago
ITC has become the 7th largest company in India by market capitalisation, as share prices hit all-time highs. Analysts are bullish on ITC's outlook, citing steady growth across business verticals and strong progress in the main cigarette business. In three sessions, ITC investors turned wealthier by more than Rs 11,400 crore.
Economic Times

Diary stocks sizzle as temperatures soar. Time to milk gains? - over 1 year ago
Dairy stocks have surged due to concerns over milk shortages during soaring summer temperatures as peak demand kicks in. Heritage Foods shares have risen 23% while Parag Milk has gained 10% on expectations of further price hikes, which would increase their margins. Demand for milk-related products and ice cream is expected to rise during summer, benefiting organised and listed dairy companies, according to analysts. Consumers have shown a preference for packaged dairy products, which could increase due to the warmer weather. However, some analysts suggest investors avoid dairy stocks in the long run due to the sector's high volatility.
Economic Times

Momentum Pick: After 81% returns in last 12 months, Grauer & Weil poised for another 25% upside - over 1 year ago
Despite a weak and volatile market, Grauer & Weil (India) shares have given a robust near 30% returns, this year, and the stock is placed strongly on the charts. The stock has a potential upside of up to 25% aided by technical and fundamental triggers.
Economic Times

Penny stock Family Care Hospitals declares stock split - over 1 year ago
The Board of Family Care Hospitals has approved the split of the nominal value of its equity shares from Rs 10 each to Re 1 each. The split will help in increasing the liquidity in the market, with the aim of making the shares more affordable for new investors. Further, the Board has approved keeping the paid-up share capital unchanged, and it has rejected the proposal for issuing bonus shares. The stock split will result in the stock price being adjusted on the ex-split date according to the split ratio, and shares of Family Care Hospitals were trading higher by 0.85% on Friday.
Economic Times

4 midcaps down over 50% from 1-year highs, but have promising upside! Take a look - over 1 year ago
The Sensex and midcap indices have both experienced a 6% and 5.5% drop, respectively, from their respective 52-week high levels. Within the midcap category, the majority of stocks have experienced a drop of over double digits from their peak, with five stocks from the list falling more than 50%. However, according to data from Trendlyne, it is interesting to note that four out of these five stocks are expected to see a good recovery.
Economic Times

Nazara Technologies jumps over 13% in 2 sessions after ICICI Prudential MF raises stake - over 1 year ago
The stock was trading at Rs 581.90 on the BSE on Friday at 12:45 pm and was up Rs 49.90 or 9.38% from the previous closing price on Thursday.
Economic Times

Rs 8,800 crore-inflows! FPIs flock to D-Street in new financial year - over 1 year ago
FPIs purchased shares worth 87.67 billion Indian rupees ($1.07 billion) on a net basis in the first half of April. They had been net buyers in the previous month too, but that was largely due to U.S. boutique investment firm GQG Partners' $1.87 billion investment in four Adani Group companies in early March.
Economic Times

Rs 8,800 crore inflows! FPIs flock to D-Street in new financial year - over 1 year ago
FPIs purchased shares worth 87.67 billion Indian rupees ($1.07 billion) on a net basis in the first half of April. They had been net buyers in the previous month too, but that was largely due to U.S. boutique investment firm GQG Partners' $1.87 billion investment in four Adani Group companies in early March.
Economic Times

Sterling and Wilson shares tumble 9% after Q4 results - over 1 year ago
The company said that its revenue was impacted during the quarter due to cost increase on account of certain cost provisions made. These provisions have impacted the percentage-of-completion and led to a revenue reversal in ongoing EPC projects.
Economic Times

Gold Price Today: Yellow metal slips on steady dollar, offers buying opportunity this Akshaya Tritiya - over 1 year ago
"Gold price traded modestly down with spot gold at Comex was trading lower by 0.06% at $2,003.0 per ounce in the morning trade. Upside was capped by hawkish commentary from Federal Reserve officials while weaker US macro data protected the downside in yellow metals. Data showed the labour market is starting to soften," Saumil Gandhi, Senior Analyst (Commodities) at HDFC Securities said.
Economic Times

5 logistic & transportation companies with “strong buy” and “buy” ratings that can offer up to 37% returns - over 1 year ago
As the economic activities continue to pick pace, logistic companies are back on their feet. They had suffered during covid period and due to rising oil prices, a couple of them did some internal restructuring to put things back on track. Now there are more tailwinds than headwinds. The list only includes companies which have an institutional shareholder holding of at least 8 percent.The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.
Economic Times

Client data breach at Angel One; stock falls 2% - over 1 year ago
Shares of stockbroking firm Angel One fell over 2% after the company received emails claiming unauthorised access to its clients’ data. However, the company confirmed clients' securities, funds and credentials remained secure while it carries out relevant action against unauthorised access. Angel One reports a 31% YoY increase in consolidated net profit at INR 267 crore ($35.7m) and a 21.2% QoQ rise in revenue from operations to INR 826 crore. Its total client base rose 49% YoY to 13.8 million in Q4 FY23.
Economic Times

Mankind Pharma IPO: Condom maker's Rs 4,326 crore IPO to hit the market next week - over 1 year ago
Mankind Pharma is all set to come up with its IPO on April 25. The pharma company, which is one of India's biggest pharmaceutical companies, is well known for its consumer healthcare products such as Prega News and Manforce Condoms.
Economic Times

9 Nifty Financial Services stocks which analysts suggest buying with upside potential of up to 39% - over 1 year ago
In a week where the Q4 results of Infy brought to the street pressure on the Nifty, the counter force came in by way of financial service and banking stocks which saw an up move in a falling market and damage to Nifty was contained. It was not the first time that balance was created with two sectors making moves in opposite directions. Given the earning season has just started, moves and counter moves in different sectors are likely to continue. We take a look at what analysts are saying for select financial service stocks. 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.
Economic Times

Vodafone Idea shares surge 10% as Kumar Mangalam Birla rejoins company board - over 1 year ago
Vodafone Idea's net debt stood at Rs 2.23 lakh core ($27.18 billion) before the Indian government in February converted the nearly $2 billion of dues that it was owed into equity, becoming the company's biggest shareholder, this report said.
Economic Times

Chart Check: A breakout from 15-month triangular consolidation powering rally in Dr Reddy’s Lab - over 1 year ago
The pharma stock hit a 52-week high of Rs 4,939 on 19 April 2023. The stock price gave a breakout above the triangular consolidation of the last 15 months on the weekly charts signaling the resumption of up move and offering fresh entry opportunities, suggest experts.
Economic Times

ICICI Prudential shares fall 4% after Q4 results. Should you buy, sell or hold? - over 1 year ago
The company's consolidated net profit rose 26% to Rs 235 crore for the January-March period as compared to Rs 186 crore in the corresponding period of last year. The new business premium for the quarter rose 18% to Rs 5,635 crore against Rs 4,788 crore in the same quarter last year.
Economic Times

Rs 14 lakh crore-loss! These 10 stocks made investors poorer in last 1 year - over 1 year ago
Infosys’ market cap eroded by over Rs 1.6 lakh crore, and that of TCS by 1.4 lakh crore. Wipro’s market capitalization fell by around Rs 94,000 crore. Shares of the IT majors have plummeted 12-31% in the last 1 year.
Economic Times

Cyient shares zoom over 9% on strong Q4 earnings - over 1 year ago
Cyient's stock rose by over 9% after it announced a 6% increase in net profit for the March 2023 quarter, reporting a net profit of Rs 163 crore. The revenue from operations during the quarter also rose by 48% to Rs 1,751 crore. Furthermore, the company announced the retirement of Ajay Aggarwal, Chief Financial Officer, and the appointment of Prabhakar Atla as the new CFO. The stock has outperformed the Nifty50, giving returns of 43.5% over a 12-month period.
Economic Times

At multi-year highs: SML Isuzu among 7 stocks that gave 5-year breakouts - over 1 year ago
In the NSE list of stocks with a market cap of over Rs 1000 crore, seven stocks crossed their previous 5-year high value at the close on April 20, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look.
Economic Times

Hot Stocks: Brokerages view on ICICI Prudential Life and HCL Technologies post Q4 results - over 1 year ago
Goldman Sachs maintained its neutral rating on ICICI Prudential Life Insurance Company post March quarter results but raised the target price to Rs 490 from Rs 460 earlier.
Economic Times

Street cheers up on HCL Tech Q4 earnings; stock jumps over 3% - over 1 year ago
HCL Technologies reported a consolidated net profit of Rs 3,983 crore for the quarter ended March. This is an increase of 11% from Rs 3,593 crore clocked in the corresponding period of last year. The net profit beat the ET Now poll estimate of Rs 3,860 crore.
Economic Times

MRF, Bharti Airtel among 9 stocks that jumped above their 200 DMAs - over 1 year ago
In the Nifty500 pack, these nine stocks rose to close above their 200 DMAs (Daily Moving Averages) on April 20, 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:
Economic Times

Sensex gains 100 points, Nifty above 17,650; Cyient rallies 8% - over 1 year ago
Sensex climbs 100 points, Nifty above 17,650; Cyient rallies 8%, HCL Tech 3%; Vodafone Idea, Rail Vikas Nigam, Yes Bank are some of the top gainers in the morning trade.
Economic Times