“Based on the aforementioned rationale, stock can be looked for by candidates in the range of Rs 152 to Rs 150 with a stop loss of Rs 145 for the upside potential up to Rs 163 to Rs 165 level. Duration can be one month around,” he recommends.

We will take significant steps to raise productivity in the real economy and focus on improving rural jobs. Clear disinvestment targets would be better if there is a strategic stake sale in a few companies rather than minor divestments in more companies.

Its CASA ratio in Q3 stood at 29.9% and CET 1 ratio was at 13%. Yes Bank said its total assets rose 13% YoY to Rs 343,798 crore while non-interest income rose 56% to Rs 1,143 crore. The size of the total balance sheet grew 12.9% YoY and 2.8% QoQ to Rs 343,798 crore.

"We have had to cut our estimates by ~15% for FY2024-25 to reflect slower loan growth and loan mix shifting away from higher-yielding MFI loans. Though we have been cutting our estimates in recent quarters, mostly driven by higher loan-loss provisions, we see a very low probability of further downgrades. On the contrary, the risks appear mostly toward the upside. We like the franchise at these levels," the brokerage said.

"O2C was the key driver for the earnings beat (QoQ O2C EBITDA +16%) and in our view, O2C (Refining, Petrochem) and E&P should remain the key earnings drivers in CY23 as consumer business growth slows down," said JP Morgan's Pinakin Parekh.

Citigroup downgraded JSW Steel to a sell rating from neutral post December quarter results with a target price of Rs 675.

During the December quarter, Kacholia added Goldiam International, Raghav Productivity Enhancers and Knowledge Marine & Engineering Works to his portfolio.

American investor and mutual fund manager Peter Lynch is best known for growth at a reasonable price approach to investing. A hugely successful former manager of the Fidelity Magellan Fund, his philosophy is detailed in his best-selling books "One Up on Wall Street" and more recently in "Beating the Street." Lynch is often associated with the PEG ratio which measures PE ratios in relation to growth rates. Based on the idea of Lynch, a custom screen made by MarketSmith emphasizes securities that are trading for below-average prices on a PE or PEG basis that are not already widely owned by institutions.Here are 10 stocks that match Peter Lynch's idea of stock picking, as listed on MarketSmith:

The shorter trade settlement cycle will come into force for all the listed securities in the Indian equity market from Friday.

According to a survey conducted by ETMarkets, 86% of the 15 respondents have voted for a growth-oriented budget.

“Nifty’s 17800-18200 range has been holding for some time now. To break the upper end of the range, the market needs positive triggers. Early Q3 results broadly have been positive with IT companies and banks delivering good results,” Dr. V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.

Opening Bell: Sensex gains nearly 300 pts, Nifty above 18,100; Yes Bank tumbles 9%, JSW Energy 5%

“Nifty’s 17800-18200 range has been holding for sometime now. To break the upper end of the range, the market needs positive triggers,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

On the last trading day of the week, the markets ended with a net loss. Some IT stocks are showing renewed resilience after underperforming the markets for a while.

Sectorally, buying was seen in power, utilities, banks, and the public sector while selling was seen in telecom, consumer durables, FMCG, and metals.

Axis Bank’ daily trend is sideways. Although, RSI for daily is indicating a sideways trend. Based on option chain analysis, the range is between 900 and 1000. Let’s plan a trade around this.

The stock peaked on Sept 21 at 880. Thereafter price was consolidating and its recent attempt to cross the previous high failed and made a lower high of 860. On the weekly chart, the price has broken the support from the lower trendline of a symmetrical triangle. In the days ahead price is expected to slide lower toward the target of the triangle.

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 ONGC and GAIL while Rajesh has a buy/sell recommendation on Dabur India and Persistent for today's trading session. Check out the targets and stoploss.

The January futures contract of Nifty 50 on the Singapore Exchange indicates a positive start to domestic equities on Monday. The contract was trading at 18,139, up 94.5 points or 0.52% from the previous close.

Foreign portfolio investors (FPIs) on Friday net sold shares worth Rs 2,002 crore, provisional data showed. DIIs on the other hand, net bought shares to the tune of Rs 1,510 crore.

Jio added 5.3 million customers in October-December, including wired broadband or fibre-to-the-home (FTTH) users. The telecom market leader does not give a breakdown of mobile and wired broadband user additions.

"Royalty grants us the right to use Unilever-owned brands and access to Unilever's cutting-edge technical knowhow, world class R&D and innovation capabilities," he said. "The service fees enable us to leverage Unilever's global expertise and functional services."

This takes the total investment by the Japanese parent and its affiliates to Rs 1,600 crore into Credit Saison India, which expanded its portfolio of assets to Rs 5,000 crore in four years.

"All bidders that had submitted bids early this month are very close, which means a recovery of over 75% is almost guaranteed. To break the deadlock, banks will push the bidders to offer more particularly with more cash upfront, which is likely to take recovery closer to 100%," said a person familiar with the process.

For the December quarter, the company's Ebitda rose by 160% sequentially to ₹4,547 crore, although down sharply over last year's corresponding quarter. Lower raw material costs helped. But several cost-saving investments which it commissioned also have started showing. Revenues stood at ₹39,134 crore, down 6% QoQ and net profit at ₹474 crore vs loss of ₹915 crore.

So, adjusted for inflation, the real return based on December consumer inflation, is at least 55 basis points, or 0.55%. This is because of a softening of inflation numbers and interest rates remaining higher. Fixed income has not delivered real returns in over a decade.

​​If the Nifty crosses and sustains above 18,200 level, it would take the index towards 18,500 levels, analysts said. HDFC Bank, TCS, L&T, UltraTech Cement, Sterlite Technologies, Persistent, ONGC, Coal India, and Vedanta are some of the stocks that look bullish on charts, according to analysts.

"There is a case to make pension plans from insurance companies on a par with NPS which has a separate limit. Globally, we have seen that separate tax saving limits for insurance goes a long way in increasing penetration and India is no exception," said Tarun Chugh, CEO Bajaj Allianz Life Insurance.

The stock price is at a bullish inflection point. It rose nearly 4% in a week, over 14% in the last 3 months, and over 20% in last 6 months.

"We are seeing an absolute strength in HDFC Bank. The Relative strength is emerging as it comes out of a period of underperformance wrt Banknifty," Rahul Sharma, Director, Head- Technical & Derivative Research, JM Financial Services Ltd, said.

Extrinsic value is that component of the options price that would vanish if the option were to expire right away. For all at-the-money money and out-of-the-money options, it’s all the extrinsic value, and the intrinsic value will be zero.

The tech-heavy Nasdaq 100 Stock Index enters this crucial stretch amid a darkening backdrop that short-circuited a strong start to the year. Underscoring the risks ahead, Microsoft Corp., which kicks off the group’s reporting Tuesday, joined Amazon.com Inc. in starting to cut thousands of jobs this week as sales slow.

Equity benchmarks ended in the red on Friday for the second consecutive day. Nifty ended 0.44% lower at 18,028, while Sensex shed 0.39% to settle at 60,622 points. Among Nifty sectoral indices, barring banks and financial services, all other sectors ended with cuts.“Immediate support is at 18,000, where fresh buying interest can be seen. The short-term bullish stance holds true as long as the Nifty trades above the swing low of 17,760. On the higher side, the Nifty is expected to surpass the key hurdle zone of 18,260-18,300 & head towards 18,500,” said Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas.Here are stock recommendations for Monday:

The rail cargo is expected to reach 1600 million tonnes, up from 1210 million tonnes in 2020. Western and Eastern dedicated freight corridors are also expected to be completed in the same timeline.The National Rail Plan targets a 45% modal share for railways by 2030, with estimated investments of 50 lakh crore in the same period.

Equity benchmarks ended in the red on Friday for the second consecutive day. Nifty ended 0.44% lower at 18,028, while Sensex shed 0.39% to settle at 60,622 points. Among Nifty sectoral indices, barring banks and financial services, all other sectors ended with cuts.“Immediate support is at 18,000, where fresh buying interest can be seen. The short-term bullish stance holds true as long as the Nifty trades above the swing low of 17,760. On the higher side, the Nifty is expected to surpass the key hurdle zone of 18,260-18,300 & head towards 18,500,” said Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas.Here are stock recommendations for Monday:

Either of these moves would be welcomed by the Indian developer community and help accelerate projects that are stuck for want of capital. This would, in turn, spur developers to pursue more affordable housing projects and align themselves with the mission of Housing for All.

​​​For equity investors, the focus would be on three key factors. First is fiscal consolidation. Whether the government keeps its commitment to bringing down the fiscal deficit to 4.5 per cent of gross domestic product (GDP) over the medium term in FY26 would be keenly tracked.

"Subdued Q3 results, soft Budget expectations, a slowing economy, FII selling, and concerns over global interest rate hikes defined the market in the past week," said Vinod Nair, Head of Research, Geojit Financial Services.

Markets traded with volatility in the last five trading sessions, but nine stocks from the BSE 500 index consistently advanced in all five sessions, and most of them are still trading with at least a double-digit discount to their 52-week high. From the list, 4 stocks see double-digit upside potential, according to Trendlyne.com forecaster. Take a look.

It is a correction in stock markets which brings back investors to the habit of asking what is the dividend yield of the stock. Dividend payment is not only a function of how much money a company is making but also a sort of habit of the management or its intent. There are many companies which are sitting on huge cash piles but their dividend-payout ratio is low. So, paying a continuous dividend is a sign of good intent. For the purpose of this report, we had kept the dividend yield of at least 7.5 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.

"Subdued Q3 results, soft Budget expectations, a slowing economy, FII selling, and concerns over global interest rate hikes defined the market in the past week," said Vinod Nair, Head of Research, Geojit Financial Services.

FMCG companies are one of most over researched companies in India and probably this focus on companies from this sector only happens in Indian markets. They form part of literally every mutual fund scheme making them the most over owned stocks and also making a large majority of their customers also their shareholders in an indirect way. However, all the focus in the FMCG sector is only on a few select well known names like HUL,Nestle, Britannia and Dabur. ET screener powered by Refinitiv’s Stock Report Plus lists down large, mid and small cap stocks from the FMCG sector with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".

From a data perspective, during the recent recovery, the Nifty saw closure among short positions as FIIs closed their shorts last week. Moreover, the prevailing high Nifty premium has declined considerably in the last few sessions and is just close to 20 points ahead of the monthly settlement. However, aggressive Call writing is continued at ATM and OTM strikes which may act as an immediate hurdle. However, acceleration might be seen if Nifty can move above 18,200 levels.

The much-anticipated upturn in the capex cycle has been getting delayed for a very long time. The first green shoots may become visible as the impact of the PLI scheme gets visible on the ground with companies expanding their capacities in select sectors. Among the companies which are likely to get benefitted would be capital goods and engineering companies. The list is based on the upside estimated by the analysts, with the highest potential stock coming on the top of the list.

In accordance with its zero Covid policy, China had been enforcing rigorous lockdowns to reduce the number of Covid cases. As a result, Chinese markets fell, making them more appealing from a value standpoint, Himanshu Srivastava, Associate Director - Manager Research, Morningstar India, said.

Four of the 10 most valued firms together added Rs 82,480.67 crore in market valuation last week, with HDFC Bank and Adani Total Gas emerging as the top gainers. While Infosys and HDFC were the other gainers, Reliance Industries, Tata Consultancy Services (TCS), ICICI Bank, Hindustan Unilever, State Bank of India and Life Insurance Corporation of India (LIC) faced erosion from their market valuation.

Companies announce stock split to increase the stock's liquidity in the market. On the ex-split date, investors holding the stock until the record date will receive the new shares in Demat accounts, and the stock price will be adjusted according to the split ratio.

With earnings of index heavyweight Reliance out of the way, some major companies, including Axis Bank, Maruti Suzuki, Tata Motors, Bajaj Auto, Cipla, Bajaj Finance, Vedanta, and NTPC, among others, are slated to announce their third-quarter results this week. The markets on Monday will also react to RIL's earnings, which disappointed the Street, as well as other index majors ICICI Bank and Kotak Bank.

The bank, which was created by the demerger of the infrastructure lending business of IDFC to IDFC Bank in November 2015, continued to wind down infrastructure financing and reduce single borrower exposure as per stated strategy.

Additionally, Yes Bank will have the discretion on the interest payment of the AT1 bonds, he said, adding that any comment in this regard will be made following the Supreme Court's decision.