Vijay Kedia buys stake in this smallcap textile stock - over 1 year ago
On Friday, Siyaram Silk's shares were trading marginally higher in morning deals at Rs 538.90 on NSE. So far this year, the scrip has seen a flattish growth at the bourses. However, in the last one year, the stock has risen nearly 19%.
Economic Times

Smaller Fed rate hike may augur end to 'ongoing' increases - over 1 year ago
But Brainard also reiterated a view that the policy-setting Federal Open Market Committee's next statement and Fed Chair Jerome Powell in his Feb. 1 news conference are likely to hammer home: Slowing inflation isn't low inflation, and a smaller rate increase doesn't mean the central bank is ready to pause yet.
Economic Times

Hindustan Zinc tumbles over 9% after Q3 PAT falls 20% - over 1 year ago
The dividend will amount to about Rs 5,493 crore. The company has fixed a record date of January 30 for the purpose of payment of the third interim dividend to eligible shareholders.
Economic Times

L&T Tech shares fall 4% after December quarter results - over 1 year ago
"L&T Technology posted a flat QoQ topline growth in constant currency in 3QFY23, missing our estimates of 2% QoQ growth. Despite weak growth, EBIT margin improved 60bp QoQ over a low base (wage hike in 2QFY23), beating our estimates of 18.3%," brokerage firm Motilal said.
Economic Times

If I were FM: Alok Agarwal highlights 5 changes for Budget 2023 - over 1 year ago
One of the best ways to accomplish the stiff target is to give tax breaks till 2030 for companies helping in achieving this goal. To avoid cash outflows, the government can consider giving higher depreciation benefits, and lower taxes during this period.
Economic Times

Chart Check: Metal stocks on a roll! Range breakout on weekly chart makes Vedanta a top buy - over 1 year ago
The Relative Strength Index (RSI) is at 60.7. RSI below 30 is considered oversold and above 70 is considered overbought, Trendlyne data showed. MACD is above its center and signal line, this is a bullish indicator.
Economic Times

These 5 stocks with high ROE & profit margin can emerge as wealth creators in smallcap space - over 1 year ago
Small cap companies are risky bets, any one who has any doubt should look just remember June 2022. A number of them lost all the gains they had made in two years. However, it would be wrong to paint everything with the same brush. If the right financial parameters and other filters are applied, it may lead to a set of select stocks of potential gainers. 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

Free money helped companies build businesses: Vijay Shekhar Sharma, Paytm - over 1 year ago
"Paytm will grow revenues with profit and free cash flow; Don't have control over stock price; Will be able to beat Sept 2023 guidance of breakeven", Vijay Shekhar Sharma of Paytm told ET NOW in an exclusive interview. Watch.
Economic Times

Hot Stocks: Should you buy or sell Asian Paints after Q3 results? - over 1 year ago
The brokerage has remained positive on the stock but said a re-rating looks unlikely given premium valuations and likely disruption due to the entry of a large player. It has an accumulate rating on the stock with a target price of Rs 3326.
Economic Times

Adani’s discount share sale tries to woo public, silence critics - over 1 year ago
To woo mom-and-pop investors to buy into his ports-to-power empire’s flagship, Adani Enterprises Ltd. will sell new shares at a discount and allow payments in three installments when it rolls out its $2.5 billion follow-on offer later this month — an unprecedented move for one of the country’s hottest stocks. For a stock that has rallied over 1,400% since early 2020, sweeteners are crucial to woo retail investors.
Economic Times

Royalty hike clouds HUL's strong Q3 results; should you buy, sell or hold the stock now? - over 1 year ago
Global investment bank, Jefferies maintained its buy rating on HUL post Q3 results but slashed its target price to Rs 3100 from Rs 3150 earlier which still translates into an upside of about 17% from Rs 2650 recorded on 19 January.
Economic Times

LTCG tax: D-Street’s wishlist for Budget 2023; how will markets react? - over 1 year ago
When short-term capital gains tax was 15% and LTCG nil, the difference between the two taxes acted as an incentive for investors to be long-term holders. But with the difference being reduced to 5%, the incentive to hold for the long term is gone, explained Agarwal.
Economic Times

Moody's affirms positive ratings on SBI, upgrades three other PSBs - over 1 year ago
Rating firm Moody's Investors Service on Friday affirmed a positive rating on State Bank of India while upgrading long-term local and foreign currency bank deposit ratings Bank of Baroda, Canara Bank and Punjab National Bank. It maintained a stable outlook on all four banks' long-term ratings.
Economic Times

Vedanta to sell Zinc International assets to Hindustan Zinc for over 24,000 cr - over 1 year ago
Anil Agarwal-promoted Vedanta on Thursday said it will sell Zinc International assets to Hindustan Zinc for a cash consideration of USD 2,981 million. The Vedanta's board approved the sale of Zinc International assets held by THL Zinc Ventures Ltd (Mauritius) (THLZV), a direct wholly-owned subsidiary of the metals and mining major.
Economic Times

Stock to buy today: 7 short-term trading ideas by experts for 20 January 2023 - over 1 year ago
India VIX was down by 0.28% from 14.08 to 13.40 levels on Thursday. Volatility has been hovering at lower levels from the last nine weeks and supporting the bulls to hold the overall command. On the Options front, the maximum Call OI is placed at 19,000 and then towards 20,000 strikes while the maximum Put OI is placed at 18,000 and then towards 18,500 strikes.
Economic Times

8 fundamental stock ideas that can yield returns of up to 69% - over 1 year ago
While growth concerns could intensify globally in 2023, India’s growth trends may remain resilient given the country’s macroeconomic stability and well-controlled inflation. Select brokerage firms believe stocks such as Care Ratings, Rail Vikas Nigam, and AU Small Finance Bank will provide good opportunities for hefty returns this year. Based on the recommendations from select brokerage firms, here are eight fundamental stock ideas that can yield returns of up to 69%:
Economic Times

Sensex flat, Nifty tests 18,100; Hindustan Zinc loses 8% - over 1 year ago
Opening Bell: Sensex flat, Nifty tests 18,100; Hindustan Zinc falls 8%, HUL 3%; Vedanta, Vodafone Idea, Tata Steel and YES Bank are some of the top movers in morning trade.
Economic Times

Sensex, Nifty trade lackluster ahead of key corporate earnings - over 1 year ago
Om Mehra, Equity Research Analyst at Choice Broking said, we expect Indian markets range bound today with stock specific actions as big companies like Reliance, JSW Steel & HDFC Life will declare their quarterly results.
Economic Times

Buy or Sell: Stock ideas by experts for January 20, 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 ONGC and Hero Moto while Kunal Bothra has a buy/sell recommendation on UPL and Rategain for today's trading session. Check out the targets and stoploss.
Economic Times

Stocks in focus: Sun Pharma, BHEL and more - over 1 year ago
Nifty futures on the Singapore Exchange traded 18 points, or 0.10 per cent, higher at 18,131.50, signaling that Dalal Street was headed for a positive start on Friday. Here are some stocks which are expected to see some action in trade today.
Economic Times

Rs 10,000 crore-blow! 2 biggies faced most of FII outflow brunt - over 1 year ago
Amid impressive credit growth, banks remain the top pick of most brokerages despite the FII selling. On IT, however, many analysts have a cautious stance saying they expect more pain ahead due to global macro factors.
Economic Times

Trader's Guide: These 2 stocks can rise over 6% each. Time to buy? - over 1 year ago
The markets on Thursday remained influenced by the weekly options expiry, with the Nifty ending with a modest loss. The stocks which had been consolidating in the past few weeks are showing signs of revival.
Economic Times

Asian stocks edge up, dollar sags as markets mull Fed risks - over 1 year ago
Asian markets showed some resilience despite a selloff on Wall Street overnight, with the S&P 500 losing 0.76%. E-Mini futures indicated a small bounce at the reopen though, gaining 0.24%.
Economic Times

Big Movers on D-St: What should investors do with Mahindra CIE, HUL and Asian Paints? - over 1 year ago
However, on the short-term time frame, the momentum indicators suggest that the stock is in an overbought zone and high chances of quick short-term correction are not ruled out if the stock trades below 368 or 10-Day SMA.
Economic Times

Ark's Wood remains bullish on Tesla, says oil stock rally 'defying logic' - over 1 year ago
Tesla, meanwhile, will continue to take market share as global oil demand falls by 30% or more over the next five years, Wood estimated. The company's recent moves to lower its prices will likely continue "aggressively" and put pressure on other automakers to match them, hurting its competitors "significantly," she said.
Economic Times

Sun Pharma to buy Concert for $576 million - over 1 year ago
Concert has pioneered the use of deuterium (a hydrogen isotope) in medicinal chemistry and has an extensive patent portfolio, including its lead product candidate deuruxolitinib - an oral inhibitor that blocks Janus kinases JAK1 and JAK2 for the treatment of baldness. Concert has completed the evaluation of the efficacy and safety of deuruxolitinib in adult patients with moderate to severe alopecia areata in its THRIVE-AA Phase 3 clinical program and two open label, long-term extension studies are ongoing in North America and Europe.
Economic Times

US stock market: Wall Street slips as labor market data fuels Fed worry - over 1 year ago
Investors have been looking for signs of weakness in the labor market as a key ingredient needed for the Fed to begin to slow its policy tightening measures. Other data showed manufacturing activity in the mid-Atlantic region was subdued again in January, while data from the commerce department confirmed the recession in the housing market persisted.
Economic Times

Fed to deliver two 25-basis-point hikes in Q1, followed by long pause - over 1 year ago
In response to an additional question, more than 60% of respondents, 55 of 89, said the Fed was more likely to hold rates steady for at least the rest of the year than cut. That view lined up with the survey's median projection for the first cut to come in early 2024.
Economic Times

HUL bullish on volume growth revival; rural slump bottoming out, says MD Sanjiv Mehta - over 1 year ago
The maker of Rin detergent and Dove beauty bar expects inflation to moderate somewhat but remain higher than a year ago, so growth will continue to be price-led.
Economic Times

Adani Group says no plans to enter telecom sector - over 1 year ago
Adani Enterprises' unit Adani Data Networks purchased airwaves worth nearly $27 million in the country's 5G auction last year. However, at the time, the company has said it does not plan to offer consumer services and is instead aiming to enter the private 5G network space. Its proposed mega $2.5 billion follow-on public offering (FPO), which launches later this month, will be used for capital expenditure and to pay off debt at its units, the company has said.
Economic Times

Sun Pharma to buy concert for $576 million - over 1 year ago
Concert has pioneered the use of deuterium (a hydrogen isotope) in medicinal chemistry and has an extensive patent portfolio, including its lead product candidate deuruxolitinib - an oral inhibitor that blocks Janus kinases JAK1 and JAK2 for the treatment of baldness. Concert has completed the evaluation of the efficacy and safety of deuruxolitinib in adult patients with moderate to severe alopecia areata in its THRIVE-AA Phase 3 clinical program and two open label, long-term extension studies are ongoing in North America and Europe.
Economic Times

Foreign investors turning bullish on PSUs, again - over 1 year ago
"When stocks move from under ownership to adequate ownership, prices spurt," said VK Vijayakumar, chief investment strategist at Geojit Financial Services. "The sudden change in earnings and improving prospects have led to a market re-rating which has resulted in spurt in stock prices."
Economic Times

Tata Motors back on funding Street, seeks around $600m for EV biz - over 1 year ago
The move is part of an ambitious strategy by the leader in the electric passenger vehicle market to raise significant funds, both via external and internal sources, to support its growth plans through product innovations, especially of EV platform, top executives close to the development said.
Economic Times

2023 likely to be a year of India’s arrival on the world stage: RBI - over 1 year ago
This will be a year for the Indian economy to strengthen its position on the global stage while the rest of the world grapples with an impending recession, war and inflation, the Reserve Bank of India (RBI) said in its report on the state of the economy.
Economic Times

Rising demand for metals may help Hindalco sustain gains - over 1 year ago
Copper price at the LME has gained nearly 25% from the October low. On the supply side, various mines especially in Latin American countries, including Chile and Peru, have reported disruption due to protests and strikes.
Economic Times

Proposed IBC changes likely to reverse SC's Vidarbha Industries order - over 1 year ago
The ministry of corporate affairs on Wednesday proposed that the adjudicating authority must admit an application filed by a financial creditor, provided it was established that a default was committed and that the other procedural requirement was fulfilled. It has not defined the "other procedural requirement" in the recommendations.
Economic Times

Lenders fix base auction price of ₹305 crore for Rajesh LifeSpaces' hotel business - over 1 year ago
Bidders will have to increase their bids by ₹10 crore in each round with the lowest bids getting eliminated, people familiar with the process said.
Economic Times

Suspected front-running operations under Sebi watch - over 1 year ago
Based on surveillance inputs and its internal alert system, Sebi initiated examination of suspected front running by persons associated with certain market experts appearing on a business news channel. The modus-operandi of these entities was that they took positions in stocks just before recommendations were made by their associated market experts on the channel.
Economic Times

O2C, exploration likely to drive RIL's Q3: Analysts - over 1 year ago
JP Morgan, in a research report, said, "We forecast most of the quarter-on-quarter earnings growth to be driven by O2C, as the SEZ export tax removal benefits O2C and E&P segments as the higher prices flow through from October onwards. We expect retail and digital to report muted sequential earnings growth."
Economic Times

Stock Radar: Trendline breakout makes this Sensex stock a value buy; likely to hit fresh 52-week highs - over 1 year ago
The stock closed at Rs 122 on January 18, 2022. As long as the stock stays above this levels, the upside could extend towards Rs 130-140 levels, suggest experts.
Economic Times

Royalty hike hit to worry Dalal Street even as HUL stays resilient - over 1 year ago
Under the new terms, the royalty is set to increase 80 basis points (0.8 percentage points) in a staggered way from 2.65% of revenue to 3.45% over a period of three years. Considering the consolidated revenue of 2021-22, an 80 bps increase in royalty on ₹51,400 crore translates to around ₹400 crore. This, compared to the net profit of ₹9,000 crore, is not an insignificant amount.
Economic Times

Asian Paints' business palette needs to stand out for investors to stay put - over 1 year ago
Softening of prices of some commodities led to an increase in profitability, with operating margins increasing both sequentially as well as year-on-year. At 18.7%, the operating margin was 50 bps higher than the year-ago level.
Economic Times

IndusInd's strong Q3 show could boost upside - over 1 year ago
"Improvement in core performance as well as clarity on extension of CEO tenure will be key re-rating triggers for stock valuations," Jefferies said in a client note. Brokerage Avendus Spark is the most bullish. Its target price translates into a 37% upside from the current levels.
Economic Times

Sebi conducts search, seizure operations in front running case - over 1 year ago
Based on surveillance inputs and its internal alert system, Sebi initiated examination of suspected front running by persons associated with certain market experts appearing on a business news channel. The modus-operandi of these entities was that they took positions in stocks just before recommendations were made by their associated market experts on the channel.
Economic Times

Wall St falls as recession worries resurface - over 1 year ago
At 9:56 a.m. ET, the Dow Jones Industrial Average was down 206.48 points, or 0.62%, at 33,090.48, the S&P 500 was down 26.08 points, or 0.66%, at 3,902.78
Economic Times

Stock Radar: Buy Tata Steel for a target of Rs 140, says Vaishali Parekh - over 1 year ago
"Tata Steel has overall indicated a gradual rise with series of higher bottom formation pattern on the daily chart to imply strength and is also on the verge of a trendline breakout above Rs 120 levels," Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd, said.
Economic Times

BoE's Bailey sees more optimism about inflation falling - over 1 year ago
I am not endorsing 4.5%, but what you may have noticed in December is that we did not include the comment that we made in November about the market being in our view rather out of line," he said in an interview on the Western Mail's Business Live website.
Economic Times

Hindalco may retain momentum on bourses following improving demand for copper, aluminium - over 1 year ago
Copper price at the LME has gained nearly 25% from the October low. On the supply side, various mines especially in Latin American countries, including Chile and Peru, have reported disruption due to protests and strikes.
Economic Times

Treasury Department now taking ''extraordinary measures'' on debt - over 1 year ago
Those differences increase the risk that the government could default on its obligations for political reasons. That could rattle financial markets and plunge the world's largest economy into a wholly preventable recession.Biden and McCarthy, R-Calif., have several months to reach agreement as the Treasury Department imposes "extraordinary measures" to keep the government operating until at least June.
Economic Times

Trading Guide: GAIL among 5 stock recommendations for Friday - over 1 year ago
Equity benchmark indices ended Thursday’s session in the red after weak economic data in the US stoked global recession worries. At the close, Nifty ended 0.32% lower at 18,108, while Sensex shed 0.31% to settle at 60,858. Barring Nifty IT and Nifty PSU Bank all other sectoral indices closed in the red.“The overall structure shows that this is only a pause and is expected to be followed by the next leg on the upside. From a short-term perspective, any dip towards 18,050-18,000 can be taken as a fresh buying opportunity. Over the next few sessions, Nifty is expected to surpass the key hurdle zone of 18,260-18,300 and head towards 18,500,” Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas, said.Here are stock recommendations for Friday:
Economic Times