In its report, Motilal stated that the food delivery industry in India is all set to grow rapidly in the medium term driven by intensifying internet penetration, rising consumption and growth in urbanization. "Zomato is a dominant player in the industry and we forecast the company to report 29% revenue CAGR over FY23-25," it said.

Meanwhile, ICICI Bank said its board will meet on April 22 to consider and approve fundraising by way of issuance of debt securities, including NCDs, bonds and other instruments on a private placement basis. The fundraising, if approved, will be executed in one or multiple tranches.

While the government declares the fixed interest rate offered to all PPF investors at the beginning of each financial quarter, ELSS funds are invested in stocks, making them vulnerable to the fluctuations of the stock market.

The dividend will be paid to shareholders whose names appear as beneficial owners as per the depositories list as on April 18 and members in the register of the company.

The 30-share BSE benchmark Sensex declined 520 points or 0.86% to settle at 59,910. The broader NSE Nifty dropped 121 points or 0.68% to end at 17,706. In the Sensex pack, Infosys was the top loser, while Tech Mahindra declined over 5%. HCL Tech, L&T, NTPC, Wipro and HDFC also ended in the red. On the other hand, Nestle, Power Grid, SBI, Kotak Bank and UltraTech Cement closed with gains.

Closing Bell: Sensex snaps 9-day winning run, drops 520 points; Nifty near 17,700; Infosys tanks 9%, HDFC twins 2%

An insatiable appetite for more returns propels investors to hunt for stocks that are available at cheaper valuations compared to their historic multiples. ET Markets data analysis today focused on stocks that have fallen below their historic 5-year average P/E but have experienced an upsurge in recent times. We have identified 149 such stocks with a market cap of over Rs 5,000 crore, but have narrowed down to 8 stocks that have gained over 15% so far in CY23. (Data Source: ACE Equity)The P/E ratio is a widely used valuation metric that investors and analysts use to determine whether a stock is overvalued or undervalued. However, it is important to note that investors should use multiple quantitative parameters to shortlist investment ideas, and low P/E stocks are just one of them. This data is provided for reference only, and we do not offer any specific recommendations.

According to the latest data available with the exchanges, Kacholia has increased his holding from 5.09% in the December quarter to 5.23% at the end of the March quarter. Kacholia currently holds about 12.71 lakh shares of the company.Faze Three manufactures and exports home interior products

Vijay Kedia, a prominent investor, has bought a 1.05% stake in Precision Camshafts, leading to a 15% jump in its shares. Kedia purchased 10 lakh shares according to the latest shareholding pattern, making him one of the company's shareholders. Despite unfavourable market sentiment, Precision Camshafts shares reached Rs 118.80, up by Rs 15 from the Thursday closing price. Kedia also reduced his holdings in Tejas Networks by 0.3%, according to Trendlyne data. Tejas shares traded at Rs 645, up 0.84% from the previous close.

"Cautious optimism is the Monday motivation mantra, as stronger U.S. corporate news and signs of consumer resilience help to mask ongoing worries about the knock-on effect of higher interest rates," said Susannah Streeter, head of money and markets, Hargreaves Lansdown

Vijay Kedia, a prominent investor, has bought a 1.05% stake in Precision Camshafts, leading to a 15% jump in its shares. Kedia purchased 10 lakh shares according to the latest shareholding pattern, making him one of the company's shareholders. Despite unfavourable market sentiment, Precision Camshafts shares reached Rs 118.80, up by Rs 15 from the Thursday closing price. Kedia also reduced his holdings in Tejas Networks by 0.3%, according to Trendlyne data. Tejas shares traded at Rs 645, up 0.84% from the previous close.

Shares of Infosys fell by up to 12.2% on BSE and experienced its worst single-day fall since 2019 amid lower-than-expected quarterly numbers and FY23 guidance. Infosys’ crash also had a rub-off effect on other IT stocks, with LT Bank and Mindtree losing up to 10%. Analysts say the management commentary from India’s top two IT services companies cautioned about customer sentiment, leading to uncertainties around the order outlook in the next 1-2 quarters. Brokerages have also reduced their target prices of Infosys by up to 30%, despite potential stock fall on weak Q4 results.

It is now three quarters in a row that numbers from banks have shown an improvement. Quite a few of the mid-sized bank number’s were better than what the street had estimated. After facing many headwinds, finally PSU banking space is appearing to be at a stage where all their efforts may start yielding sustained results for the bottomline and shareholders. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

Japan's Nikkei share average closed at a one-month high on Monday, finishing at 28,514.78, up 0.07%, boosted by a weaker yen and gains in automaker and bank stocks. The Topix gained 0.41% to end at 2,026.97. According to Jun Morita of Chibagin Asset Management, despite signs of economic slowdown going forward, the market is "stronger than it should be" due to the weaker yen and the strong performance of US bank shares after they beat earnings expectations.

Infosys, India's second-largest software services company, saw its shares plunge by nearly 15% on Monday, wiping out INR 73,060.65 crore ($9.7bn) of its market valuation, after it reported lower-than-expected growth in net profit for Q4 and provided weak revenue growth guidance of 4-7% for FY24. Following the news, other IT companies such as HCL Technologies, Tata Consultancy Services, and Wipro fell by 3-6%. Infosys' revenue growth for FY23 came in lower than anticipated, with the company citing "unplanned project ramp downs and decision-making delays by some clients.

Even as Infy brings back some element of volatility with bearish bias, even during this period, there are still some pockets where stocks have seen an improvement in their analyst scores. 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. This implies that there has been a significant improvement in their market outlook in the given time frame.

“With global raw sugar prices surging to 11 year highs, the outlook for large integrated Sugar Mills in India with large capacities for Sugar and Ethanol is getting brighter this quarter as we approach the peak summer season,” S Ranganathan, Head of Research at LKP Securities said.

PVR stock has been under pressure for quite some time and is now trading near a crucial support level, brokerage firm Anand Rathi said in a note. On a daily chart, there is a solid base formation along with bullish regular divergence which is looking lucrative, the note said, recommending investors to go long in this stock. It has a 1-month view on PVR.

Brokerage firm Sharekhan has a ‘buy’ rating on ITC with a target price of Rs 450. As per Trendlyne data, the average target price of the stock is Rs 434 per share, which shows an upside potential of 8.5% from the current market prices

The price of this bank has been sliding lower since making a peak at Rs 96 in mid-December, 2022. Recently the price was observed to be consolidating inside a falling-parallel channel from which has now given a breakout by surpassing its upper-trendline resistance. Prior to the breakout, the price was hovering under the trendline resistance, which acts as a consolidation and increases the reliability of the breakout.

Headquartered in Hyderabad, Brightcom is in the business of ad-tech, new media and digital advertising, and has subsidiaries and operations in various geographies, including the US, Israel, Latin America, Western Europe and Asia Pacific regions.

On Thursday, the last day of the trading week, the markets extended the eight-day streak into the positive territory by another day. The Nifty ended the day with a modest gain, but the headline index and the bank index both appear to be over-extended.

Sensex slipped below the 60,000 mark while Nifty broke below the 17,600 level. IT major Infosys, whose shares crashed 12%, was the single largest drag on both the indices. The selloff was across the board in IT stocks as Tech Mahindra, HCL Tech, TCS and Wipro tanked up to 6%.

The neckline of the pattern was placed around Rs 1,780. The stock closed at Rs 1,791 on 14 April 2023 – thus confirming the breakout. As long as the stock stays above Rs 1,700 levels bulls are likely to stay in control, suggest experts.

Jefferies said FY24 guidance suggests a weak demand outlook and therefore cut its FY24-25 estimates by 3-6%. It sees potential stock fall on weak Q4 results as an attractive buying opportunity. Key risks include weaker revenue growth, lower margin, unfavourable currency and corporate action, the brokerage said.

The HDFC Bank share prices followed the overall weakness in the stock markets triggered by the rout in Infosys, which fell nearly 12% at 10 am. The 50-stock Nifty50 was trading at 17,613.95, down by 214.05 points or 1.2%.

Infosys reports disappointing Q4 FY23 numbers. What has gone wrong for the company? ET NOW's Managing Editor Nikunj Dalmia decodes the outlook for the company and the IT sector.

For the brokerage, ‘growth at a reasonable price’ theme looks attractive on account of the domestic play of good Rabi season, cool-off in commodity prices and inflation, rural recovery, and the expectation of margin recovery in the upcoming quarters.

According to data available on Trendlyne, the MWPL for Delta Corp stood at 89.6% on Thursday with OI reported by Trendlyne at 15.9 million. It was down 3.3% from the previous session.

In the Nifty200 pack, six stocks closed above their 200 DMAs (Daily Moving Averages) on April 13, 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:

Sensex slipped below the 60,000 mark while Nifty broke below the 17,600 level. IT major Infosys, whose shares crashed 12%, was the single largest drag on both the indices. The selloff was across the board in IT stocks as Tech Mahindra, HCL Tech, TCS and Wipro tanked up to 6%.

ICICI Securities maintained a buy rating on Bharti Airtel with a target price of Rs 960. “The biggest disappointment for Bharti we have heard from investors is the lack of free cash flow (FCF) generation in the past, which has capped shareholder value creation,” the brokerage said.

From the Sensex pack, Infosys and Tech Mahindra were the top losers, falling 7-11%. Wipro, HCL Tech, TCS, HDFC Bank, HDFC and NTPC also opened in the red. On the other hand, Power Grid, Nestle, IndusInd Bank, Axis Bank, UltraTech Cement and Tata Steel traded with gains.

Sensex plunges over 500 points, Nifty below 17,700; Infosys tanks 10%, TechM 7%; Future Consumer, Zee Ent, Tata Steel are some of the top gainers in the morning trade.

The contrast illustrates that retail investors love hunting for fallen stars at the cost of reigning superstars. New investors often confuse the price of the stock with its value. When the price falls, like in the case of Yes Bank which was saved from getting bankrupt by the Reserve Bank of India (RBI) in 2020, retailers try to catch the fall knife under the impression that it is becoming cheaper to own.

"Digital Compounders are businesses which are ahead of the curve in: Adoption of technology at every stage of the value chain - back end to front end Digital transformation with ROI focus on every process in the organization investing in technical prowess & abilities ahead of the conventional standards innovation led capex," Kshitiz Mahajan, CEO, Complete Circle Wealth.

Despite calling Infosys' January-March 2023 quarter results "shocking", Jefferies maintained a ‘Buy’ on the second-largest IT services company for a price target of Rs 1,770 based on 24X 12m forward EPS. Key risks include weaker revenue growth, lower margin, unfavourable currency, and corporate action, the brokerage said.

Equity markets have rallied for the past few days on the back of short-covering by FIIs and firm global trends. Going forward, stock-specific action would remain high on Dalal Street, with fourth-quarter earnings underway. Here are five technical picks from various analysts that can rally up to 13% in the short term.

“Nifty formed a bullish candle on the daily frame with longer lower shadow indicating strong support-based buying and it has been making higher highs - higher lows from the last nine sessions,” he said.

Nifty futures on the Singapore Exchange traded 81.5 points, or 0.46 per cent, lower at 17,789.50, signaling that Dalal Street was headed for negative start on Monday. Here are some stocks which are expected to see some action in trade today.

In the NSE list of stocks, three stocks with a market cap of over Rs 1,000 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 April 13.

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 Chemicals and Union Bank while CA Rudramurthy has a buy/sell recommendation on Bandhan Bank and Granules India for today's trading session. Check out the targets and stoploss.

Despite calling Infosys' January-March 2023 quarter results "shocking", Jefferies maintained a ‘Buy’ on the second-largest IT services company for a price target of Rs 1,770 based on 24X 12m forward EPS. Key risks include weaker revenue growth, lower margin, unfavourable currency, and corporate action, the brokerage said.

On the daily and weekly charts, the stock has formed a promising breakout continuation formation. The texture of the chart suggests an uptrend continuation formation which is likely to continue in the near future.

Foreign portfolio investors (FPIs) continue to remain net buyers at Rs 221.85 crore on Thursday. DIIs, on the other hand, sold shares worth Rs 273 crore.

"Demand for consumer goods has already softened and now we're watching services," said Subramanian. "Airlines, hotels and restaurants are feeling pressure from slowing macro, tough comps (comparison periods) and no respite from wage pressure."

Infosys has reported a weak set of numbers for the fourth quarter as its revenue in constant currency terms slumped 3% sequentially. The operating margins were also under pressure at 21%. Following the results, Infosys ADRs on Thursday slumped nearly 9%. The stock is likely to react negatively on Monday

Go First, which made its highest annual financial loss to date in FY22, has been tackling huge operational issues in the past few months as half of its aircraft have been grounded due to supply chain disruptions pertaining to Pratt & Whitney (P&W) jet engines.

A Tata group veteran who has spent 34 years in the company, Krithivasan will focus on strengthening relationships with large customers who form a bulk of TCS' revenues, he told ET’s Romita Majumdar & Surabhi Agarwal in a wide-ranging interview.

Kolkata-based Kesoram has been grappling with high leverage and defaulted on interest payments in January 2020. In an effort to unlock value, the company demerged its tyre business in FY20. However, the economic slowdown caused by the Covid-19 pandemic further stressed the company.