Banking sector remains resilient and stable: RBI - over 1 year ago
"Various parameters relating to capital adequacy, asset quality, liquidity, provision coverage and profitability are healthy," the central bank said in a statement.
Economic Times

ITC declares Rs 6 interim dividend. Record date and other details here - over 1 year ago
The Kolkata-based company's consolidated revenue from operations rose marginally to Rs 19,020 crore during the December quarter as against Rs 18,608 crore in the same quarter last year.ITC has an average target of Rs 374.69 and the consensus estimate represents a downside of 1.57% from the last traded price
Economic Times

Further financing to Adani projects to be on merit, says SBI - over 1 year ago
The Adani Group, led by billionaire Gautam Adani, is reeling from a U.S. short-seller's scathing report last week that has cratered its shares, prompted calls from opposition lawmakers for a wider probe and the central bank to check on banks' exposure to the conglomerate
Economic Times

Douglas Feagin resigns from Paytm board with immediate effect - over 1 year ago
The fintech company added 1 million payment devices during the quarter and the number of merchants paying subscription for payment devices touched 5.8 million as of December.The company's consumer engagement was at its highest on the Paytm Super App with average monthly transacting users at 85 million for the quarter ended December 2022, up 32% year-on-year.
Economic Times

SBI Q3 results: Net profit jumps 62% to Rs 15,477 crore - over 1 year ago
Country's largest lender State Bank of India on Friday reported a 62 per cent growth in its net profit at Rs 15,477 crore during the quarter ended December 2022. On a standalone basis, the lender's net post-tax profit grew to Rs 14,205 crore during the October-December 2022 period, which was up from Rs 8,432 crore in the year-ago period and Rs 13,265 crore in the preceding July-September quarter.
Economic Times

Fri-yay for bulls! Investors add Rs 1L cr as Sensex surges 910 pts - over 1 year ago
Nifty50 rose 244 points or 1.38% to settle at 17,854; total market capitalization of BSE-listed firms surged to Rs 266.64 lakh crore
Economic Times

Moody's says assessing overall financial flexibility, including liquidity position of Adani Group - over 1 year ago
Moody's Investors Service on Friday said it is assessing overall financial flexibility, including liquidity position, of Adani Group firms given a significant and rapid decline in stock value post release of the Hindenburg Research report.
Economic Times

Fri-yay for bulls! Sensex gains for 5th day, surges 910 pts - over 1 year ago
Investors’ wealth increased about Rs 91,742 crore as the total market capitalization of BSE-listed firms surged to Rs 266.64 lakh crore
Economic Times

TV Today Network surges 15% after declaring special dividend of Rs 67 per share - over 1 year ago
TV Today reported a muted set of earnings for the three months ended December. The company's net profit declined 56% to Rs 27 crore for the December quarter, compared with Rs 61 crore in the corresponding quarter of last year.
Economic Times

Sensex gains 910 points, Nifty above 17,800; Adani Ports rallies 6% - over 1 year ago
Sensex rises for 5th straight session, ends 910 points higher; Nifty above 17,800; Titan rallies 7%, Adani Ports 6%.
Economic Times

'Black Swan' author Nassim Nicholas Taleb has an advice for Gautam Adani - over 1 year ago
To safeguard investors from the sharp volatility in stocks of Adani Group companies, NSE has moved Adani Enterprises, Adani Ports and Special Economic Zone, and Ambuja Cements under the short-term additional surveillance measure (ASM) framework. Traders are now required to pay 100% upfront margin even for intraday trades
Economic Times

TotalEnergies says has limited exposure to Adani Group companies - over 1 year ago
Total has a 37.4% stake in Adani Total Gas (ATGL) and a 19.75% stake in Adani Green Energy (AGEL), according to its statement on Friday.
Economic Times

Divi's Lab down over 11% as Q3 numbers leave investors disappointed - over 1 year ago
I don't track Divis fundamentally. However the chart looks like a bearish Head and Shoulder, indicating substantial more downside. Will be interesting to watch.Sabharwal said on Twitter post the third quarter numbers.
Economic Times

Moody's says assessing financial flexibility of Adani Group - over 1 year ago
Adani Group stocks have taken a beating on the bourses after US-based short-seller Hindenburg Research made a litany of allegations in a report, including fraudulent transactions and share price manipulation at the Gautam Adani-led group.
Economic Times

India's government has nothing to do with Adani issue, minister says - over 1 year ago
The Indian government has nothing to do with the issues of the Adani Group whose shares have tumbled following a scathing report from a U.S. short seller, the minister of parliamentary affairs said on Friday. "The government has nothing to do with Adani matters," Pralhad Joshi told reporters.
Economic Times

BlackRock among top funds with exposure to Adani’s dollar debt - over 1 year ago
BlackRock Inc., the world’s biggest asset manager, held about $104 million of the Indian conglomerate’s US-currency notes, one of the largest holdings according to data compiled by Bloomberg based on the company’s most recent filings.
Economic Times

India's government has nothing to do with Adani issue - minister - over 1 year ago
The Indian government has nothing to do with the issues of the Adani Group whose shares have tumbled following a scathing report from a U.S. short seller, the minister of parliamentary affairs said on Friday.
Economic Times

TeamLease approves Rs 100 crore share buyback; stock up 5% - over 1 year ago
In Q3FY23, TeamLease Services reported net revenue of Rs 2,018 crore as against Rs 1,767 crore recorded in Q3FY22, representing a YoY growth of 14%. The company reported an EBITDA of Rs 32 crore in the third quarter of 2023 as against Rs 38 crore recorded in the same quarter of 2021, representing a YoY decline of 16%
Economic Times

Divi's Labs Q3 results: Net profit tanks 65% YoY to Rs 307 cr; stock tumbles 9% - over 1 year ago
Following the announcement of the results, the stock fell over 9% in intraday trade at Rs 2,969 apiece on NSE.
Economic Times

Divi's Labs Q3 results: Net profit tanks 65% YoY to Rs 307 cr; revenue down 31% - over 1 year ago
Revenue from operations fell 31% to Rs 1,707 crore for the December quarter under review as against Rs 2,493 crore a year ago.
Economic Times

Chart Check: After 40% rally in 3 months, winning run likely to continue in this smallcap stock - over 1 year ago
Earlier this week, the stock gave a range breakout which has now opened room for the stock to head towards Rs 600 levels in the next 6 months or so, suggest experts. Most of the technical indicators such as Aroon Up/Down & MACD indicator suggest a possible firm uptrend.
Economic Times

3C investing new mantra for stock pickers after Budget. Over 30 ideas from 6 brokerages - over 1 year ago
Global brokerage firm BNP Paribas' Kunal Vora sees the Budget as positive for infrastructure because of the large budgetary allocation, private banks for relative attractiveness of FDs and MFs and consumer durables on account of higher disposable income.
Economic Times

No immediate impact on credit rating of Adani companies now: Fitch - over 1 year ago
The ratings agency said its ongoing monitoring would be looking closely at any major changes to the rated entities’ access to financing or cost of financing on a long-term basis, unfavourable regulatory or legal developments or ESG-related matters that could affect credit profiles.
Economic Times

Titan shares climb over 5% post Q3 results. Should you buy, sell or hold? - over 1 year ago
Continuing its growth trajectory, the watches and wearables business recorded a total income of Rs 811 crore, up by 15% compared with last year's quarter. The business reported an EBIT of Rs 89 crore, with an EBIT margin of 11%.
Economic Times

Ashish Kacholia and Vijay Kedia-owned multibagger stock to trade ex-dividend today - over 1 year ago
The stock has given multibagger returns to investors in the last five years, offering over 550% from March 2021 to April 2022. In the last five years, the stock has more than double. However, the stock has underperformed in the last one year, offering -33.62% returns.
Economic Times

Dabur shares fall 4% after Q3 results. Should you buy, sell or hold the stock? - over 1 year ago
Domestic brokerage Motilal Oswal has a Buy call on Dabur with a target of Rs 650. "Overall sales growth trajectory has revived in recent years – a continuation of the turnaround seen by Dabur under the new CEO. Beyond the near-term, rural demand recovery, material cost stability and a less challenging base are likely to result in healthy earnings growth from FY24 onwards," Motilal said.
Economic Times

Mark Mobius says Adani’s debt pile 'scared us away' from share sale - over 1 year ago
The selloff deepened after Bloomberg reported this week that units of Credit Suisse Group AG and Citigroup Inc. have stopped accepting some securities issued by Adani’s companies as collateral for margin loans to wealthy clients.
Economic Times

Rajasthan govt amends combined excise policy. Here's how it impacts alcohol stocks - over 1 year ago
Rajasthan govt has amended its combined excise policy for FY23 & FY24. The state has hiked prices for Indian made liquor and Rajasthan made liquor. How will it impact alcohol stocks? ET Now's Ashesha decodes
Economic Times

5 auto stocks to buy after January sales data - over 1 year ago
September quarter was a mixed bag for the Indian equity markets, wherein high energy prices, depreciating rupee and recession fears dented the growth outlook while select sectors including defence, speciality chemicals, manufacturing and consumption were in high spirits.Dalal Street will now be entering the December quarter, which would be guided by the festive season, September quarter earnings and the mood of global investors. Also, India Inc would prepare for the much-awaited Budget session. Here are some select picks that you can look to buy in the October-December period for strong returns:
Economic Times

Corrections are buying opportunities in fundamentally strong smallcaps; 5 stocks with high ROE & profit margin - over 1 year ago
As NIFTY stays in volatile mode and besides the Adani group stocks, financial stocks also come under pressure, the fear that small caps may also come under sharp pressure is back on the street. However, small cap companies which operate in niche products and services or have brands with strong market share tend to get the attention of the market even when overall small cap is under pressure. 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".
Economic Times

India's Adani shares nosedive on concern about broader Hindenburg fallout - over 1 year ago
The meltdown in share prices marks a dramatic turn of fortune for Adani, who in recent years forged partnerships with, and attracted investment from, foreign giants as he pursues global expansion in sectors as varied as ports and power.
Economic Times

High dividend yielding stocks for your portfolio; 5 stocks with dividend yields from 7.53% to 10.68% - over 1 year ago
Importance of having high-dividend-yielding stocks in one’s portfolio is realized by the majority at the time of correction. One which is being witnessed in markets. For the purpose of this report, we had kept the dividend yield of at least 7 percent as a benchmark. Another condition was that the company should have a track record of paying dividends in the last four of the five years.
Economic Times

Hot Stocks: Global brokerages on SBI Life, Power Grid, Sunteck Realty, and PolicyBazaar - over 1 year ago
BofA Securities maintained a buy rating on Power Grid with a target price of Rs 244. According to the investment bank, there could be some pressure on RoE amid rising competition.A strong dividend payout is a good sign. However, earnings were down on higher interest expenses
Economic Times

Feb a bad month for D-Street bulls, shows 12-year history; What’s in store this time? - over 1 year ago
While inflation has cooled off from the peak, concerns surrounding it are far from over for both India and developed economies like the US, where the Federal Reserve has indicated rate hikes continuing through 2023.
Economic Times

Tata Motors, ITC top performers of Nifty this year; two Adani stocks lose most - over 1 year ago
The Hindenburg report warned investors of heavy leverage and fraudulent practices in Adani Group companies. The conglomerate responded with a strong rebuttal, but it failed to comfort investors.
Economic Times

7 midcap stock ideas from Kotak's model portfolio that can rally up to 46% - over 1 year ago
Brokerage firm Kotak Institutional Equities has selected long-term compounders and a few value stocks from its recommended midcap portfolio, which have the strength to deliver good returns. The brokerage firm believes that stocks like Cummins, Federal Bank and Shriram Finance will provide good opportunities to investors. Here is a list of 7 midcap stock ideas from Kotak's model portfolio that can rally up to 46%:
Economic Times

Colossal loss! Investors in Adani stocks lose Rs 10 lakh crore in 7 days as market cap halves - over 1 year ago
During the day, Adani Enterprises was the top loser in Adani's group of stocks as the Nifty50 stock was locked in 20% lower circuit at Rs 1251.80. The stock is down over 70% from its 52-week high. The company's Rs 20,000 crore FPO, which was withdrawn earlier in the week, was priced at Rs 3,112-Rs 3,276.
Economic Times

Trader's Guide: These 2 Sensex stocks can rise 4-5% in near-term - over 1 year ago
The markets remain influenced by the options expiry on Thursday, while taking in its stride two main events of the Union Budget and the US Fed rate hike. The Nifty ended the day with a minor loss. Some IT stocks are showing good technical possibility of moving up.
Economic Times

Feb a bad month for D-Street bulls, shows history; What’s in store this time? - over 1 year ago
While inflation has cooled off from the peak, concerns surrounding it are far from over for both India and developed economies like the US, where the Federal Reserve has indicated rate hikes continuing through 2023.
Economic Times

Sensex jumps 400 points, Nifty above 17,700 on gains in financial stocks - over 1 year ago
"The most significant trend in the market so far in 2023 is the big underperformance of India compared to other markets. The Adani crisis impact is slowly diminishing. The ferocious rally of 3.5% in Nasdaq yesterday is an indication that the market expects a soft landing of the U.S. economy. IT stocks look strong. High-quality private sector banking stocks and capital goods stocks also are on a strong wicket," V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
Economic Times

Stocks to buy today: 5 short-term trading ideas by experts for 3 February 2023 - over 1 year ago
“Options data suggests a broader trading range in between 17200 to 18200 zones while an immediate trading range in between 17350 to 17900 zones due to higher volatility,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
Economic Times

Trade for two Tata stocks: Pick yours - over 1 year ago
Its price has been sliding after failing to cross its peak in August. For the past two months the price was gradually moving inside a parallel falling channel. The latest candle has given a breakout of the channel’s upper trendline. The candle formed is a Marabozu which shows that buying interest stayed intact till the close of the session.
Economic Times

Sensex jumps over 400 pts, Nifty above 17,700; Titan rallies 5%, Adani Transmission tumbles 10% - over 1 year ago
Opening Bell: Sensex jumps over 400 pts, Nifty above 17,700; Titan rallies 5%, Adani Transmission tumbles 10%
Economic Times

Adani Enterprises removed from Dow Jones Sustainability Indices - over 1 year ago
Adani stocks have been in a freefall and so have eroded over 40% of investor wealth ever since American short-seller made multiple allegations in its report last week. With a view to safeguard investors from the sharp volatility in stocks of Adani Group companies, the National Stock Exchange has moved Adani Enterprises, Adani Ports and Special Economic Zone, and Ambuja Cements under the short-term additional surveillance measure (ASM) framework.
Economic Times

Adani Enterprises, Adani Ports, Ambuja Cement under ASM, what does it mean? - over 1 year ago
Three Adani stocks under ASM, what does it mean? ET NOW's Managing Editor Nikunj Dalmia decodes. Listen in-
Economic Times

The Fed says disinflation is welcome. What is that, exactly? - over 1 year ago
But if overall a typical household is consuming about the same as last year and paying just 2% more for it, that's thought to be low enough that they will not have to worry much about it in their day-to-day planning, but high enough to give central bankers wiggle room to fight economic downturns with interest-rate cuts.
Economic Times

Asian stocks pull back, dollar regains footing ahead of U.S. payrolls data - over 1 year ago
Overnight, markets sensed the end of the massive global tightening cycle, after policymakers in Britain and Europe signalled their intention to pause, sending local bonds rallying and currencies lower.
Economic Times

Big Movers on D-St: What should investors do with ITC, KPIT Technologies and Jindal Saw? - over 1 year ago
Stocks that were in focus include names like ITC which was up nearly 5%, KPIT Technologies which gained nearly 6%, and Jindal Saw which closed with gains of over 7% to hit a fresh 52-week high on Thursday.
Economic Times

Buy or Sell: Stock ideas by experts for February 03, 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 Indigo and Ashok Leyland while Kunal Bothra has a buy/sell recommendation on Voltas and L&T Tech for today's trading session. Check out the targets and stoploss.
Economic Times

Adani made scheduled U.S. bond payments, to release credit report Friday -sources - over 1 year ago
Reuters calculations show that interest payments of a total of around $24 million were due on Feb. 2 on three bonds issued by Adani Ports and Special Economic Zone due to mature in 2031, 2032 and 2041.
Economic Times