Sebi penalises Keshav Securities for misutilising clients' securities and funds - over 1 year ago
Noticee has not submitted the correct details to exchange regarding monitoring of client assets to exchange enhanced supervision framework. It was also observed that the funds of credit balance clients were being used for settlement/margin obligation of proprietary accounts," Sebi's Adjudicating Officer Barnali Mukherjee said in the order
Economic Times

Trading Guide: Biocon among 4 stock recommendations for Tuesday - over 1 year ago
Benchmark equity indices gave up early gains and ended the first trading day of the week on a subdued note on account of profit booking. Selling in metal, oil and gas and financial stocks as FII outflows dampened the investor sentiment.The 30-share BSE Sensex declined 168 points or 0.28% to settle at 60,093 as 15 of its constituents dropped. Nifty closed with a cut of 0.34% or 62 points at 17,895. Analysts are of the view that consistent selling by foreign institutional investors (FIIs) as well as lack of any positive trigger have created nervousness in the market.“Yet again we witnessed selling pressure from higher levels in the domestic markets and this indicates the intent or sentiments of markets. Nifty is stuck in a band of 17,750 – 18,050. Only a breakout or a breakdown from this range would dictate further market trends. Till that time, traders should focus on individual stocks for their trading bets,” said Mehul Kothari, AVP-Technical Research at Anand Rathi.Here are stock recommendations for Tuesday:
Economic Times

BoM to raise up to Rs 1,000 crore from share sale in Q4: MD - over 1 year ago
"It will be done in piecemeal manner and we are looking at QIP between Rs 500 and Rs 1,000 crore in the current quarter," he said, adding, going forward other means would be explored for dilution of the government's stake.
Economic Times

Siemens signs 3 billion euro train deal in India - over 1 year ago
Peter was confident about reaching Siemens's goal of increasing revenue at the mobility business by 6-9% this year, although this contract would mainly appear as orders in 2023.
Economic Times

This multibagger solar power stock to trade ex-bonus this week - over 1 year ago
The company has fixed the record date as January 18. Providing a clarification on the record date, the company in a BSE filing said, “This is in reference to our earlier intimation regarding the record date for the purpose of bonus shares, whereby the company has fixed January 18, 2023, as the ‘record date’ for the purpose of determining the names of members who shall be entitled for allotment of bonus equity shares.
Economic Times

These 8 stocks record their new 52-week highs, gained up to 27% in a month - over 1 year ago
The benchmark index Sensex slipped about 170 points to 60,092 on Monday. Despite this fall, 8 stocks from the BSE 500 index managed to touch new 52-week highs.The 52-week high is the highest price at which a stock has traded during the last year. Some traders and investors use this technical indicator as an important factor for analysing a stock's current value and for predicting its future price movement.
Economic Times

Federal Bank Q3 Results: PAT zooms 54% YoY to Rs 804 cr; NII, NIM rise to record highs - over 1 year ago
Private lender Federal Bank on Monday reported its highest-ever net profit of Rs 804 crore during the quarter that ended December 2022, up 54% compared to Rs 522 crore in the same quarter in the previous fiscal year. The bank's net interest income for the quarter ended December 31, 2022, grew by 27.14% to Rs 1,956 crore from Rs 1,539 crore for the third quarter of FY23. Federal Bank's net interest margin or NIM rose to 3.49% during the December 2022 quarter, higher by 22 bps year-on-year (YoY) and 19 bps quarter-on-quarter (QoQ).
Economic Times

Motilal Oswal picks 3 PSU bank stocks as valuations remain inexpensive - over 1 year ago
Public Sector Banks (PSBs) have come a long way over the past five years with profitability of top 7 PSBs under our coverage improving to an estimated Rs 909 billion in FY23 from a loss of Rs 594 billion in FY18. We estimate earnings traction to sustain aided by improved loan growth, margins and controlled credit costs," the brokerage said.
Economic Times

Mt. K Kapital raises Rs 350 cr for its maiden fund; to invest in residential projects - over 1 year ago
Mumbai-based Mt. K Kapital is a real estate focused fund management company with Sebi-approved Category II Alternative Investment Fund licence
Economic Times

Why Morgan Stanley is bullish on emerging market equities - over 1 year ago
“We expect emerging markets to outperform Japan this year, particularly favouring our key North Asia overweights of China, Korea and Taiwan. We are now more bullish on China growth recovery, given faster reopening, stronger housing support and tech regulatory easing," it said.
Economic Times

Trade settlement for all stocks in cash, F&O to shift to T+1 cycle from Jan 27 - over 1 year ago
After opting for the T+1 settlement cycle for a scrip, the exchange must mandatorily continue with the same for a minimum of 6 months, SEBI had said. Thereafter, in case exchanges intend to switch back to the T+2 settlement cycle, they can do so by giving 1-month advance notice to the market, the regulator had said.
Economic Times

Tech View: Range-bound Nifty forms bearish candle. What traders should do on Tuesday - over 1 year ago
Markets have been facing selling pressure on the rise, showing uncertainty among the participants despite favorable cues. We feel it’s prudent to limit positions in the prevailing scenario and wait for a decisive breakout from the 17,800-18,100 zone in Nifty.
Economic Times

Sensex falls 168 pts on volatility triggered by foreign outflows - over 1 year ago
Nifty50 fell 62 points or 0.34% to settle at 17,895
Economic Times

Sensex sheds 168 pts; Nifty ends below 17,900; Adani Green zooms 10%, Nykaa cracks 5% - over 1 year ago
Benchmark equity indices closed in the red on Monday following volatile trade due to extended foreign investor selling and higher oil prices. Mixed global cues forced indices to reverse earlier gains of the day. Banking and financial stocks were a drag so much so that better-than-expected earnings from HDFC Bank were offset. The BSE Sensex index ended 168 points or 0.28% lower at 60,093, while Nifty50 fell 62 points or 0.34% to settle at 17,895.
Economic Times

Global commodity prices could drag Q3; Federal Bank, Ashok Leyland top picks - over 1 year ago
BFSI will drive incremental earnings growth in 3QFY23E aided by healthy business growth, NIM expansion, and benign credit costs, even as opex could remain high due to continuous investments in businesses.
Economic Times

Bank of Maharashtra surges over 7% as Q3 profit more than doubles to Rs 775 crore - over 1 year ago
The Pune-based bank's asset quality improved substantially as the gross non-performing assets declined to 2.94% as of December 2022 as against 4.73% as on December 2021. Meanwhile, net NPAs were down to 0.47% during the period under review
Economic Times

RattanIndia shares zoom 17% on acquiring Revolt Motors - over 1 year ago
"Company's flagship model RV400 has been witnessing a robust demand and is by far the most technologically advanced bike in the world. These AI-enabled electric motorcycles capture millions of data points per second over the air to deliver a great driving experience to the riders," the company said. RattanIndia Enterprises seeks to significantly scale up Revolt's growth and make it the largest EV two-wheeler company in the country, it said.
Economic Times

Budget 2023: Key elements to make it popular, explains Deloitte's Gaurav Gupta - over 1 year ago
2023 Budget is the last full budget before the Elections next year. Will it be a populous one? Deloitte India's Gaurav Gupta shares his expectations.
Economic Times

Found India's Tesla in 3-wheeler: Vijay Kedia at Auto Expo 2023 - over 1 year ago
The company is in the right place at the right time and with the right products. The trend has just started. I am confident that Atul Auto has made India’s Tesla in three-wheelers, said the investor, who is also a director in the company.
Economic Times

Wipro shares up 2% on Q3 results. What should investors do now? - over 1 year ago
Brokerages said Wipro's revenue growth of 0.6% QoQ CC was below Street estimates while EBIT margin uptick of 120 bps QoQ to 16.3% was a positive surprise.
Economic Times

Budget 2023: Investors eye rationalization of holding period of equity, property & bonds - over 1 year ago
The domestic market is pessimistic so far in January compared to the improvement in the global trend. A retrospective check of the pre-election budget of 2018 reveals a volatile stock market in Q1CY18.
Economic Times

L&T Finance shares jump over 6% after Q3 PAT rises 39% - over 1 year ago
The lender's interest income rose 15.6% year-on-year (YoY) to Rs 3,322 crore against Rs 2,874 crore in the same quarter of the last fiscal. The net interest margin for the lender improved to 7.41% for the quarter against 6.9% in the preceding three-month period
Economic Times

HDFC Bank stock Street view after Q3 results: Buy, sell or hold? - over 1 year ago
The global brokerage has an outperform rating on the stock with a target price of Rs 2,200. The biggest positives were continued growth in deposits of 20% (vs system of 10%) and a sharp increase in branch count.
Economic Times

Chart Check: A breakout from symmetrical triangle makes this tyre & rubber products maker an attractive buy - over 1 year ago
The Relative Strength Index (RSI) is at 70.9. RSI above 70 is considered overbought. This implies that the stock may show a pullback. MACD is above its center and signal line, this is a bullish indicator.
Economic Times

Sula Vineyards soars 13% after Mukul Agarwal picks stake, strong Q3 business update - over 1 year ago
Mukul Agarwal currently holds about 16,00,000 shares in the company, which comes to about 1.9% equity. The scrip was last trading at Rs 365.20 per share on BSE. It rose as much as 13.13% to day's high of Rs 368.20 against its previous close of Rs 325.45 apiece.
Economic Times

High conviction buy! Varun Beverages can rally over 28%, says Jefferies - over 1 year ago
We expect the company to enjoy industry-leading growth in revenue and earnings. The balance sheet should continue to de-lever, and RoCE looks set to expand to 30% this year. Execution is top-notch with attractive industry opportunity-management guides for double-digit medium-term volume growth," it said.
Economic Times

Crypto Price Today: Bitcoin above $21,000; crypto market cap nears $1 trillion - over 1 year ago
The crypto market cap has crossed the $1 trillion mark, thanks to an over 20% jump in Bitcoin and Ether prices in just seven days. This is a strong sign that bulls are returning to the market with US central banks successfully bringing down the inflation and saving the economy from slipping into recession.
Economic Times

Just Dial hits 10% upper circuit after Q3 profit jumps over three-fold - over 1 year ago
Just Dial said that total traffic of unique visitors for the quarter increased by 9.8% to 15.68 crores on a year-on-year basis with 85.5% traffic originating on mobile platforms, 10.9% on desktop and PC, and 3.6% on its voice platform.
Economic Times

Turning from local to global; in 2 years, will have orderbook of Rs 100,000 cr: Rajesh Prasad of RVNL - over 1 year ago
"Confident to meet the deadlines, market capitalisation has gone up," said Rajesh Prasad of Rail Vikas Nigam Limited (RVNL) while talking to ET NOW's Nikunj Dalmia. "In two years, will have orderbook of Rs 100,000 cr", he further said.
Economic Times

Hot Stocks: Global brokerage view on HDFC Bank, D-Mart, Wipro post Q3 results; RIL could rally by 20% - over 1 year ago
Morgan Stanley downgraded Avenue Supermarts (D-Mart) to Equal-weight post December quarter results with a target price of Rs 3853.
Economic Times

DMart shares crack 6% after Q3 results: Should you buy, sell or hold? - over 1 year ago
In Q3, DMart missed estimates by reporting a revenue growth of 25.5%. Its PAT (profit after tax) grew 7% YoY as weak discretionary demand pulled down same store sales growth. Its gross margins declined 60 basis points YoY and 20 basis points QoQ to 14.3%.
Economic Times

Found India's Tesla in smallcap 3-wheeler stock: Vijay Kedia at Auto Expo 2023 - over 1 year ago
The company is in the right place at the right time and with the right products. The trend has just started. I am confident that Atul Auto has made India’s Tesla in three-wheelers, said the investor, who is also a director in the company.
Economic Times

7 Indian stocks that match Warren Buffett’s style of value investing - over 1 year ago
The CEO of Berkshire Hathaway and current primary shareholder, Warren Buffett is one of the most successful investors of all times. A former student of Benjamin Graham, Buffett is noted as a legendary value investor, though he is also believed to incorporate an emphasis on management quality and company growth prospects. Based on the ideas of Warren Buffett, a custom screen made by MarketSmith emphasizes metrics looking for companies with long-term past and potential future growth. Here is a list of 7 stocks that match Warren Buffett’s style of value investing, as listed on MarketSmith:
Economic Times

Stocks to buy or sell today: 4 short-term trading ideas by experts for 16 January 2023 - over 1 year ago
On the options front, the weekly maximum Call OI is placed at 18000 and then towards 18200 strikes while the maximum Put OI is placed at 17900 and then towards 17800 strikes. Call writing is seen at 18200 then 18000 strikes while Put writing was seen at 17800 and then towards 17900 strikes.
Economic Times

Firm global cues propel Sensex 300 points higher, Nifty above 18,000 - over 1 year ago
“Nifty’s technical landscape is suggesting major support at the 17,761 mark and below the same, the index will form a lower top/low pattern on the daily charts. Immediate upside hurdles are at the 18,265 mark, while confirmation of strength is now only above the 18,473 mark,” Prashanth Tapse - Senior VP (Research) at Mehta Equities said.
Economic Times

Sensex gains 300 points, Nifty above 18,000; Just Dial rallies 8% - over 1 year ago
Sensex jumps 300 pts, Nifty above 18,000; Just Dial rallies 8%, DMart tanks 5%; Yes Bank, L&T Finance, PNB, Tata steel are some of the top movers in morning trade.
Economic Times

Sensex down 3,000 pts from peak, but these 30 stocks filled investors’ piggy banks! - over 1 year ago
Public sector banks remained the darling of the Street as they gained by a majority. UCO Bank, Central Bank of India, Indian Overseas Bank, Bank of Maharashtra, Bank of India, Bank of Baroda, Punjab National Bank, Indian Bank, and IDBI Bank joined the gainers’ list.
Economic Times

Trader's Guide: These 2 stocks can rally up to 6% in near term - over 1 year ago
On Friday, the markets ended up with gains after beginning on a positive note. The tech stocks, which were subdued in the previous weeks, are showing signs of an increase.
Economic Times

The stock of a large private bank is about to crack - over 1 year ago
The stock has been rising gradually from the base of 617 made in September and scaled to new highs in past four months, Over the past few sessions price was moving inside a rising wedge chart pattern. A breakout of such a pattern propels the price in a southward direction with a higher momentum and greater public participation. For the past two sessions price has been testing the support of the lower trendline of the wedge.
Economic Times

Corporate Radar: TCS to trade ex-dividend; BoM to announce earnings and more - over 1 year ago
This multibagger stock from the garments and apparels segment is scheduled to meet for its board meeting for considering bonus share issue and stock split. The company’s stock in a 1-year period has generated a return of 578
Economic Times

Stocks in focus: REC, HG Infra and more - over 1 year ago
Nifty futures on the Singapore Exchange traded 18 points, or 0.10 per cent, higher at 18,056.50, signaling that Dalal Street was headed for a positive start on Monday. Here are some stocks which are expected to see some action in trade today.
Economic Times

Buy or Sell: Stock ideas by experts for January 16, 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 Hindalco and M&M while Kunal Bothra has a buy/sell recommendation on CAMS and Tata Motors for today's trading session. Check out the targets and stoploss.
Economic Times

REC Limited: Short term Sideways to Bullish - over 1 year ago
REC Limited’ daily trend is bullish, however in the last few trading sessions, it has shown some correction. RSI for monthly, weekly, and weekly is indicating a bullish trend. Based on option chain analysis, the range is between 120 and 125. Let’s plan a trade around this.
Economic Times

Big Movers on D-St: What should investors do with Wipro, HDFC Bank and Avenue Supermarts? - over 1 year ago
It is trading within its all-important moving averages. On the higher time frame, there is a long consolidation and is trying to bottom the structure, which suggests much more upside potential in this counter.
Economic Times

Blue chips will shift to T+1 settlement cycle on Jan 27 - over 1 year ago
The stock market will move to a shorter trading cycle on Jan 27. This will allow buyers and sellers to get shares and money, respectively, in their accounts one working day after trade.
Economic Times

Asian shares inch higher, BOJ battles bond bears - over 1 year ago
The dollar has been undermined by falling U.S. bond yields as market wager the Federal Reserve can be less aggressive in hiking rates given inflation has clearly turned the corner.
Economic Times

Six companies add $1 billion of masala to topline in FY22 - over 1 year ago
The revenues of Everest, MDH, Catch and Shubham Goldiee expanded between 18% and 35%, though Eastern Condiments and Aachi recorded a marginal drop in sales. Overall, combined sales of the six companies were at ₹8,711 crore ($1.07 billion) in the fiscal ended March 2022.
Economic Times

Temasek may pick 33% more in Manipal Health to become majority shareholder - over 1 year ago
Of the existing investors in Manipal Health, private equity fund TPG Capital Management would sell 10% from its 22% stake, while National Infrastructure Investment Fund (NIIF) would sell its entire 8%, said the people, who spoke on the condition of anonymity as the talks are in private domain.
Economic Times

Stocks in news: Wipro, HDFC Bank, DMart, L&T Fin Holdings, Just Dial, TCS, HG Infra - over 1 year ago
The lender on Saturday reported 19% year-on-year (YoY) rise in net profit for the quarter ended December to Rs 12,259 crore. Net interest income increased nearly 25% on year to Rs 22,988 crore, and this was the best growth seen by the bank in atleast three quarters. Operating profit increased by 13.4% YoY to Rs 19,024 crore. Provisions and contingencies for the quarter dropped 6.3% YoY to Rs 2,806 crore.
Economic Times

A decisive close above 18,100 can help Nifty break out to 18,250 - over 1 year ago
​Indian equities have been underperforming, partly owing to the regional reallocation of money in the new year. This year, foreign portfolio investors have been net sellers to the extent of Rs 14,123 crore in the secondary market.
Economic Times