Momentum Pick: Godrej Consumer set for up to 6-13% gains; attractive valuation makes it a top buy - over 1 year ago
Godrej Consumer Products shares have given returns of more than 19% over a 12-month period, outperforming Nifty50 which has risen 1% during this period, according to Trendlyne data. The average volatility has been relatively low as the counter has traded with a 1-year Beta of 0.57.
Economic Times

Should you buy, sell or hold TCS shares after IT bellwether misses Q4 estimates? - over 1 year ago
TCS reported a 16.9% year-on-year (YoY) jump in its March quarter revenue at Rs 59,162 crore while its profit rose 14.76% YoY to Rs 11,392 crore. Both the top and bottomline figures were below Street estimates.
Economic Times

Stocks to buy today: 4 short-term trading ideas by experts for 13 April 2023 - over 1 year ago
“Nifty has formed a bullish candle in the previous session 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 eight sessions,” he said.
Economic Times

Goldman Sachs no longer expects Fed rate hike in June - over 1 year ago
Goldman Sachs had previously expected consecutive rate hikes at the Fed's May and June meetings. Economists led by Jan Hatzius said in the research note they still expect a rate hike in May.
Economic Times

SoftBank to sell nearly all its stake in Alibaba: Report - over 1 year ago
Shares in Alibaba, one of the most valuable assets in SoftBank's portfolio, tumbled as much as 5.1% in Hong Kong following the report before paring the loss to 3.3%. SoftBank shares traded unchanged, tracking a broader market.
Economic Times

Britannia shares to trade ex-dividend today - over 1 year ago
The interim dividend will be paid to the shareholders of the company whose names appear on the register of members of the company or in the records of the depositories as beneficial owners of the shares as on the record date.
Economic Times

Tech drags Hong Kong stocks, dollar squeezed as US inflation slows - over 1 year ago
Overnight data showed U.S. consumer prices barely rose in March. The annual 5% headline rise was the smallest since May 2021 and down from 9.1% last June. Core CPI, which strips out energy and food prices, remained sticky at an annual 5.6%.
Economic Times

Big Movers on D-St: What should investors do with TCS, Infosys and Dr Reddy’s Laboratories? - over 1 year ago
Here's what Naveen Mishra, Senior Research Analyst - Equity Research at CapitalVia Global Research Ltd recommends investors should do with these stocks when the market resumes trading today:
Economic Times

US stock market: S&P 500, Dow close lower after Fed minutes, inflation data - over 1 year ago
The minutes followed a cooler-than-expected inflation report which belied stickier underlying data and cemented the likelihood of another policy rate hike when the Fed convenes next month.
Economic Times

Stocks in news: TCS, Infosys, Vedanta, AU Small Finance Bank, Britannia - over 1 year ago
Shares of Infosys will be in focus as the company will announce its fourth quarter results later in the evening. The Board will also consider paying a dividend.
Economic Times

Vedanta-Foxconn’s fab joint-venture talks with STMicro hit a bump - over 1 year ago
Deal stalled over technology transfer, duration of partnership and investment issues
Economic Times

PhonePe chalks up further $100m from GA; more expected - over 1 year ago
The new infusion from the private equity firm is expected in the coming weeks and is subject to conditions and milestones being met, said one of them.
Economic Times

Retail loans dominate securitisation volumes in Q4 - over 1 year ago
The March quarter recorded the highest securitisation volumes since the beginning of the pandemic, with securitisation of retail loans accounting for 90% of the total share. In FY23, mortgage-backed loans formed the largest chunk of the overall volumes at 33%, followed by vehicle loans at 28%. Microfinance loans accounted for 20% of the total share.
Economic Times

Delhi airport's debt issue nets Rs 1,200 crore - over 1 year ago
In September 2022, ET reported that GMR Airports, which operates the Delhi and Hyderabad airports, raised ₹1,100 crore from JP Morgan Securities and Morgan Stanley India Primary Dealer to make timely payments of its bonds.
Economic Times

Several Fed officials considered rate pause in March, but agreed to hike - over 1 year ago
"Several participants... considered whether it would be appropriate to hold the target range steady at the meeting" to assess how financial sector developments might influence lending and the path of the economy, according to the minutes of the Federal Open Market Committee's March 21-22 meeting, which were released on Wednesday.
Economic Times

Stock Radar: Down 11% from highs! Attractive valuations make this smallcap stock an attractive buy - over 1 year ago
RateGain stock rose to a 52-week high of Rs 397 on April 13, 2022, but failed to hold on to the momentum.
Economic Times

RBI to stop banks from capitalising penal charges on loans defaults - over 1 year ago
The quantum of penal charges should be proportional to the defaults/non-compliance of material terms and conditions of loan contract up to a threshold, said its draft circular on 'Fair Lending Practice - Penal Charges in Loan Accounts'.
Economic Times

RBI's said to be open to new MoU if EU regulators soften audit stance - over 1 year ago
A meeting late last month between senior officials of the Reserve Bank of India (RBI) and European banks was the ice-breaker in protracted discussions over the foreign regulators' de-recognition of CCIL. European banks trading in India that stand to be the most affected by the negotiations are Credit Suisse, BNP Paribas, Societe Generale and Deutsche Bank.
Economic Times

Rally in pharma stocks lifts benchmark indices - over 1 year ago
Long-term structural growth potential driven by anticipated shortage and price increases prompted investors to shuffle their bets in favour of pharma companies. On Wednesday, the BSE Healthcare index was the top sectoral performer.
Economic Times

Fed minutes to detail policy debate in wake of US bank failures - over 1 year ago
The minutes of the Federal Reserve's March policy meeting are due to be published on Wednesday revealing whether the central bank came close to postponing interest rate increases after the failure of two regional banks. Despite considering a pause, Fed policymakers believed they could respond to various problems with different tools such as higher interest rates to fight inflation and oversight and liquidity programs to keep the financial system stable. The Fed is said to be expected to raise rates by another quarter of a percentage point next month, but stress in the banking industry could cause pause.
Economic Times

Fed stresses vigilance on credit as rate views scaled back - over 1 year ago
The minutes back up Chair Jerome Powell’s remarks during his post-meeting press conference that the decision to hike rates was broadly supported by his colleagues, with all officials backing such a move. At the same time, the release indicates policymakers were less than fully committed to another move in May.
Economic Times

Wall St rally after inflation data fades; Fed minutes on tap - over 1 year ago
Report raises hopes that the Federal Reserve could hit pause on its interest rate hiking cycle soon
Economic Times

Market Trading Guide: Indian Hotels, GAIL among 6 stock recommendations for Thursday - over 1 year ago
Equity benchmarks Sensex and Nifty extended rally for the eighth straight session on Wednesday, propelled by intense buying in IT, healthcare and auto stocks amid sustained foreign fund inflows. Positive opening in European markets further bolstered sentiment, traders said.Meanwhile, investors are awaiting the US FOMC minutes, which will be released this week as it is touted to provide a complete overview of the economy together with the financial stress.Here are stock recommendations for Thursday:
Economic Times

US inflation slows in March but remains above Fed target - over 1 year ago
Although greeted by President Joe Biden as a sign of progress, several commentators noted that the inflation rate remains far above the Fed's two percent target, adding that inflation remained elevated when food and energy costs are stripped out
Economic Times

Stock Radar: Buy RateGain Travel for a target of Rs 450 in next 12 months, Shrikant Chouhan - over 1 year ago
“We expect RateGain Travel to benefit from expanding its product suite, wallet share gains, and recovery in travel and hospitality spending. Valuations are reasonable at 3.6X FY2025E which is EV/sales. We have a buy rating with a price target of Rs. 450,” Shrikant Chouhan, Head of Equity Research (Retail) at Kotak Securities, said.
Economic Times

Anand Rathi Wealth Q4 Results: Net profit jumps 23%, co guides for 21% PAT growth in FY24 - over 1 year ago
For FY23, the wealth management firm reported a consolidated net profit of Rs 169 crore, up 33% from the year-ago period. Total revenue rose 31% to Rs 558 crore.
Economic Times

Ace investor Porinju Veliyath picks up 5.69% stake in multibagger tech stock via block deal - over 1 year ago
Its clients include large and medium enterprises across sectors such as healthcare and life sciences, supply chain and logistics, banking and financial services, energy, education, and environment.
Economic Times

These 4 healthcare stocks touch their new 52-week highs, gaining up to 20% in a month - over 1 year ago
On Wednesday, the Sensex ended with a gain of 235 points, reaching 60,393 levels. During this upward trend, four stocks belonging to the BSE healthcare index achieved their new 52-week highs, which is the highest price at which a stock has traded in the past year. This technical indicator is often used by traders and investors to assess a stock's present worth and to forecast its future price fluctuations.
Economic Times

US stocks open higher as inflation data eases rate-hike worries - over 1 year ago
Report raises hopes that the Federal Reserve could hit pause on its interest rate hiking cycle soon
Economic Times

​Market Trading Guide: IndiaMart InterMESHl among 6 stock recommendations for Thursday - over 1 year ago
Equity benchmarks Sensex and Nifty extended rally for the eighth straight session on Wednesday, propelled by intense buying in IT, healthcare and auto stocks amid sustained foreign fund inflows. Positive opening in European markets further bolstered sentiment, traders said.Meanwhile, investors are awaiting the US FOMC minutes, which will be released this week as it is touted to provide a complete overview of the economy together with the financial stress.Here are stock recommendations for Thursday:
Economic Times

Multibagger small cap steel stock announces 1:1 bonus issue - over 1 year ago
A company issues bonus shares for their shareholders in order to increase the liquidity of the stock as well as with the aim to decrease its stock price to make it affordable for investors.
Economic Times

10 ways to create a stable 'value portfolio' - over 1 year ago
Slower and steadier investment approach, long-term investment strategy to make a diversified portfolio. Here are some factors to keep in mind while making a stable 'value portfolio'. Watch the video.
Economic Times

Buffett: Do not panic about U.S. banking industry - over 1 year ago
Buffett said some banks have "mismanaged" their assets and liabilities, and that banks' board of directors should ensure there are consequences when top executives make mistakes that hurt shareholders.People "do not need to be panicked" about the banking industry and "shouldn't be worried about deposits they have in an American bank," though that message has recently gotten "confused" and "mixed up," Buffett said
Economic Times

How to identify & invest in early-stage companies? Sunil Singhania offers a masterclass - over 1 year ago
Speaking at AIF and PMS Conclave 1.0 Summit, Singhania said promoters of budding companies need to be passionate about the business as they don't necessarily have the wherewithal in the early stages.
Economic Times

​Over 50 MF schemes added these 7 stocks in FY23 vs FY22, do you own any?​ - over 1 year ago
Monitoring stocks that enjoy a higher attention from mutual funds can be fascinating because they invest in these stocks after conducting extensive research. This is because MFs are managed by professional fund managers who are responsible for investing the money of their clients. These managers analyze various factors such as the financial performance of the company, its management, future growth prospects, and overall market conditions before investing in a particular stock.According to the latest mutual fund analysis conducted by ET Markets, 23 stocks were added to the portfolio of over 50 mutual schemes at the end of March 2023, as compared to the previous fiscal year. To refine the list further, only stocks with a return of over 30% in the last one-year period have been considered. (Data Source: ACE Equity, ACE MF)
Economic Times

Tech View: Nifty charts hint at more legs to rally. What should traders do on Thursday expiry - over 1 year ago
The near-term trend of the market continues to be positive. Though Nifty placed at the swing highs, still there is no indication of any reversal pattern building at the highs. The next upside levels to be watched are around 18,200. Immediate support is at 17,700 levels, said Nagaraj Shetti, Technical Research Analyst, HDFC Securities.
Economic Times

Mukul Agrawal picks 1.4% stake in this microcap stock during March quarter - over 1 year ago
The company's shares have nearly doubled investors' wealth in the last one year, rising 94%. On a year-to-date basis, the stock has surged 50%.
Economic Times

Equity investors must diversify asset class to optimise I-T exemption benefits. 5 ways to do it - over 1 year ago
If you can help it, sell your equity funds or stocks after one year. Second, use the exemption of Rs 1 lakh to your advantage. You can profit from it by selling your equity funds/stocks and immediately buying them back in such a way that the gain remains within the Rs 1 lakh limit.
Economic Times

Stock market holidays reduce trading days to only 17 in April 2023 - over 1 year ago
On the occasion of Ambedkar Jayanti, the stock market will remain shut on Friday, April 14. According to the BSE calendar, the equity segment, derivative segment, and SLB segment will be closed on this day. Further, the multi-commodity exchange will also be closed for the morning session, and trading will resume at 5 pm on April 14 for the evening session.
Economic Times

Optimise I-T exemption benefits. Try these 6 ways to diversify asset classes effectively - over 1 year ago
If you can help it, sell your equity funds or stocks after one year. Second, use the exemption of Rs 1 lakh to your advantage. You can profit from it by selling your equity funds/stocks and immediately buying them back in such a way that the gain remains within the Rs 1 lakh limit.
Economic Times

Sensex gains 235 points ahead of TCS earnings, Nifty tops 17,800; IT sector shines - over 1 year ago
Closing Bell: Sensex trots higher for 8th session, rises 235 points ahead of TCS earnings; Nifty tops 17,800.
Economic Times

Zerodha to form JV with smallcase for mutual fund business: Nithin Kamath - over 1 year ago
Bajaj Finserv, which has filed papers for launching seven MF schemes, is the latest entrant to the mutual fund industry.
Economic Times

Sensex trots higher for 8th session, climbs 235 pts ahead of TCS earnings; investors gain Rs 1.15L cr - over 1 year ago
Sensex have surged 2,779 points in the last 8 days. From the index, Infosys, Tata Motors, HDFC Bank, Asian Paints, Tech Mahindra and HDFC were the top gainers, rising over 1% each
Economic Times

Up 260% in 1 year! Multibagger NBFC stock to trade ex-split on Thursday - over 1 year ago
Stock split is usually done to increase the liquidity of the stock in the market. The rationale behind the split is to widen the shareholders' base by making the equity shares more affordable to small investors.
Economic Times

CV, PV players to race ahead of 2-wheeler cos in Q4. What should be your investment strategy? - over 1 year ago
Meanwhile, Axis Securities sees auto OEMs revenue growing by 8% quarter-on-quarter led by double-digit growth in CV and PV segments. The strong show by CVs and PVs could be partially offset by lower growth in the two-wheeler segment and tractors.
Economic Times

Chart Check: A breakout from cup & handle pattern makes this infra stock an attractive buy; may hit 52-week high in April - over 1 year ago
“This sustained performance of GMR Infra stock has been observed since early October 2021, illustrating a significant strength despite the overall correction in the market,” Omkar Patil, Technical Research Associate at GEPL Capital, said.
Economic Times

Nuvama to demerge from Edelweiss Financial in June, co aims to triple client assets - over 1 year ago
Nuvama aims to triple both its client assets and client base by 2028. Over the last five years, the company has grown its client assets at a compounded annual growth rate of 27%.
Economic Times

Divi's Lab shares jump over 9% as exports rise in March - over 1 year ago
The consensus recommendation from 23 analysts for Divi's Lab is Sell. Out of these analysts, only six have strong buy and buy ratings, while eight have strong sell and sell ratings and the remaining nine have hold ratings.
Economic Times

Venus Pipes shares zoom 10%, hit 52-week high as Ashish Kacholia picks stake - over 1 year ago
The stock was trading 6.88% higher at Rs 839.40 on BSE. It hit a fresh 52-week high of Rs 867.55 today.Kacholia did not have any holding in Venus Pipes at the end of the December 2022 quarter according to the shareholding pattern available on exchanges. The March quarter shareholding data is yet to be published
Economic Times

Ahead of Q4 results, Infosys, RIL, HDFC were top additions by mutual funds - over 1 year ago
Key additions to the portfolio included Gujarat Fluorochemicals, GAIL (India) and State Bank of India. Their major reductions were HDFCBank, Navin Fluoro International and Container Corporation.
Economic Times