On a path to recovery; 5 mid-cap pharma stocks with an upside potential up to 41% - over 1 year ago
As the markets get jittery, select pharma stocks are back in focus. This tends to happen in bearish markets. Some of them are mid-sized Indian pharma companies which are not hit by pricing pressure of the US generic market and other issues which large pharma companies are facing. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.
Economic Times

This smallcap stock zooms over 18%. Here's why - over 1 year ago
Currently, the overall power tiller industry in India is around 60,000 units, and is expected to grow to 100,000 units by the year 2025. VST is the leader in the segment and holds a market share of over 65% in the country, the company said.
Economic Times

International Finance Corp to buy 5.6% stake in JK Tyre for $30 million - over 1 year ago
"The investment aims to bolster the company's capital structure and increase production of energy-efficient radial tyres by more than 10 per cent -- from 32 million to over 35 million tyres a year by 2025," JK Tyre & Industries said.
Economic Times

Hindustan Zinc's Rs 11,000 crore dividend to offer relief for Vedanta. But at what cost? - over 1 year ago
The dividend payout is crucial to Vedanta Resources amid concerns over its ability to meet upcoming debt maturities. Rating agencies have flagged its ability to raise funding in times of liquidity crunch and capital-starved market.
Economic Times

2023 M3M Hurun Global Rich List: Jeff Bezos lost more wealth than Adani, Ambani combined - over 1 year ago
Adani is the Founder and Chairman of the Adani Group and is a first-generation entrepreneur. Adani Group is a diversified group which has business interests in power, ports, airports, cement, green energy and others.
Economic Times

Ace investor Rakesh Jhunjhunwala to be posthumously awarded Padma Shri - over 1 year ago
Jhunjhunwala graduated from Mumbai's Sydenham College of Commerce and Economics and then joined the Institute of Chartered Accountants of India from where he completed his CA in 1985.
Economic Times

Gautam Adani lost Rs 3,000 cr every week over last 1 yr, wealth down 60% from peak - over 1 year ago
The 6o-year-old Ahmedabad-based tycoon, under fire from all quarters in the wake of the release of the Hindenburg report, has slipped from the position of world's second richest billionaire to the 23rd slot now.
Economic Times

On a path to recovery; 5 mid-cap pharma stocks with an upside potential up to 41 % - over 1 year ago
As the markets get jittery, select pharma stocks are back in focus. This tends to happen in bearish markets. Some of them are mid-sized Indian pharma companies which are not hit by pricing pressure of the US generic market and other issues which large pharma companies are facing. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.
Economic Times

Sula Vineyards shares soar 9%. Here's why - over 1 year ago
Shares of India's leading wine producer Sula Vineyards rallied nearly 9% to Rs 371.2 in Wednesday's intraday trade on BSE after the brokerage firm CLSA initiated coverage on the stock with a buy rating. The stock has surged over 12% in two trading sessions.
Economic Times

Smallcaps which were able to keep their head above water. 4 stocks with “Strong Buy” & “Buy” reco & upside potential of up to 59% - over 1 year ago
These small cap companies have shown positive returns in the last one month at a time when markets have been overwhelmed by news and other developments. 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 of “buy” or "strong buy".
Economic Times

Blackstone sweetens delisting offer for R Systems International - over 1 year ago
In a first of its kind deal Blackstone is buying promoter stake along with a simultaneous offer to delist the company.
Economic Times

Traders guide; A capital good major and tyre maker making for breakout trade - over 1 year ago
The markets on Tuesday started on a positive note and kept going higher with the Nifty ending the day with a net gain. Stock-specific investment is the way to go in this market.
Economic Times

Hindustan Zinc stock rises 5% after declaring 1300% dividend - over 1 year ago
The interim dividend will be paid to shareholders 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 of the record date.
Economic Times

20,000% gain! This multibagger stock has turned Rs 10,000 into Rs 20 lakh in 20 years - over 1 year ago
According to the shareholding pattern available with the exchanges, promoters own majority of the stake at 60.64%, while the rest of 39% lies with the public shareholders.
Economic Times

These bank stocks can give 20-50% returns - over 1 year ago
Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Economic Times

Disappointing debutants! 10 of 11 recent IPOs trade below issue price - over 1 year ago
The IPO of Inox Green Energy Services was subscribed 1.55 times and shares got listed at 7% below the issue price. Dharmaj Crop Guard, on the other hand, made a strong debut on the exchange as its shares were listed at 12% premium.
Economic Times

A white good major ready to slip and infra major with sideways option - over 1 year ago
The price of this company has been moving in a downtrend from the peak of Rs 1,340 and formed a short-term bottom at Rs 737.Thereafter, the price rose up to Rs 934 in the form of a relief rally. Ever since, it has been losing momentum and has now breached its swing low of Rs 864 between a higher high and lower high. The price is expected to fall further and test its previous low.
Economic Times

Triveni Turbine among 10 smallcap stocks that are near buy point - over 1 year ago
At a time when equity markets are under pressure due to recession fears and the collapse of regional banks in the US and Europe, MarketSmith has a positive view on some stocks that it believes are near the buy point. According to MarketSmith data, here are 10 smallcap stocks that are near the buy point.
Economic Times

Sobha shares plunge 4% as Income Tax department raids premises - over 1 year ago
The Nifty Realty index tracked the overall positive sentiments in the markets and was trading at 396.45, up 1.75 points or 0.44%. The top gainers were Oberoi Realty, The Phoenix Mills and Macrotech Developers.
Economic Times

Emami jumps 7% on share buyback plan - over 1 year ago
Emami is one of the leading and fastest-growing personal and healthcare businesses in India, with an enviable portfolio of household brand names such as BoroPlus, Navratna, Fair and Handsome, Zandu Balm, Mentho Plus Balm, Fast Relief and Kesh King.
Economic Times

Shriram Fin to raise Rs 400 crore from HSBC, others through hedged bond - over 1 year ago
The tenure of the bond is 25 months, in the first 13 months of which the company will pay a fixed 8.95% interest. For the rest of the 12 months the bond will be linked to the one-year overnight indexed swaps (OIS), but the interest rate option bought by the company will allow it to cap its interest beyond a level, which will be borne by the bank.
Economic Times

IT stocks vs bank stocks: FII buy-sell data after bank crisis springs up a surprise - over 1 year ago
While the outlook on Indian banks has remained resilient amid rising credit growth in a well-regulated environment, the current predicament for the banking and financial services sector in developed markets has thrown a spanner in the works for Indian software exporters.
Economic Times

Hot Stocks: Brokerages view on Manappuram Finance, Bharti Airtel and Pidilite Industries - over 1 year ago
“The focus should be on portfolio diversification. The company is witnessing a strong growth outlook in the non-gold business. FY24 target includes 20% consolidated growth supported by non-gold,” BofA said.
Economic Times

Sensex rises over 250 pts ahead of Fed policy outcome; Nifty above 17,150 - over 1 year ago
From the Sensex pack, HCL Tech, TCS, Bajaj Finance, M&M and IndusInd Bank were the top gainers, rising over 1%. Tata Motors, L&T, Infosys and Tech Mahindra also opened with gains.
Economic Times

Stocks to buy today: 6 short-term trading ideas by experts for 22 March 2023 - over 1 year ago
On the weekly Options front, the maximum Call OI is placed at 17800 and then towards 17200 strikes while the maximum Put OI is placed at 17000 and then towards 16900 strikes.
Economic Times

Sensex up 250 pts, Nifty above 17,150; Adani Green jumps 5%, HCL Tech 2% - over 1 year ago
Opening Bell: Sensex gains 250 pts, Nifty above 17,150; Adani Green jumps 5%, HCL Tech 2%.
Economic Times

F&O Ban: Biocon, IB Housing Finance under ban for trade on Wednesday - over 1 year ago
"We expect the positive momentum to continue over the next few trading sessions. On the hourly charts we can observe positive divergence along with a positive crossover on the momentum indicator which indicates loss of momentum on the downside and shall provide speed to the current pullback," Gedia said.
Economic Times

Momentum Pick: Jyothy Labs share may see 30% upside in next 12 months; time to buy? - over 1 year ago
Momentum indicators RSI and MFI are in a medium range at 36.4 and 47.8, respectively, according to Trendlyne which suggests that a pullback can be expected in this stock. A number below 30 suggests that the stock is trading in an oversold zone while above 70 it is in the overbought zone.
Economic Times

Buy or Sell: Stock ideas by experts for March 22, 2023 - over 1 year ago
ET Now spoke to various experts and here's what they have to recommend for today's trading session. CA Rudramurthy has a buy/sell recommendation on Tata Motors and PFC while Kunal Bothra has a buy/sell recommendation on Bank of Baroda and UltraTech Cement for today's trading session. Check out the targets and stoploss.
Economic Times

Big Movers on D-St: What should investors do with Biocon, Sterling & Wilson and UTI AMC? - over 1 year ago
The Relative Strength Index (RSI) is also trading above the 60 mark which is a bullish sign. Volumes are on the rise suggesting that this rally has legs to move up in the short to medium term.
Economic Times

Wall Street ends green on bank bounce as Fed takes focus - over 1 year ago
Shares of First Republic Bank soared by 29.5%, the company's biggest-ever one-day percentage jump as JPMorgan CEO Jamie Dimon leads talks with other big banks aimed at investing in the lender, according to the Wall Street Journal.
Economic Times

Hot Stocks: 3 stocks that can offer 28-40% returns - over 1 year ago
Sula Vineyards is well placed to benefit from the consumer shift to low-alcohol beverages — beer and wine. Expected to see highest revenue & EP) compounded growth over FY22-25 vs alcohol companies. Change in wine incentive schemes poses a key regulatory risk for the company.
Economic Times

Stocks in focus: Tata Motors, IOC, HG Infra and more - over 1 year ago
Nifty futures traded on the Singapore Exchange indicate a flat start to domestic equities. The contract was trading at 17,149.50, down 2 points or 0.1%. Here are some stocks which are expected to see some action in trade today.
Economic Times

Hindustan Zinc declares nearly Rs 11,000-cr dividend, fourth in this fiscal - over 1 year ago
According to analysts, Vedanta Ltd, which has a 64.92% stake in Hindustan Zinc, will receive Rs 7,132 crore as its share of the latest dividend payout. If the entire amount is redistributed to shareholders of Vedanta Ltd, Vedanta Resources will get Rs 4,970 crore. These numbers exclude dividend taxes. Vedanta Resources has 69.68% in Vedanta Ltd.
Economic Times

Shriram Fin to raise Rs 400 crore from HSBC through hedged loan - over 1 year ago
The tenure of the loan is 25 months, in the first 13 months of which the company will pay a fixed 8.95% interest. For the rest of the 12 months the loan will be linked to the one-year overnight indexed swaps (OIS), but the interest rate option bought by the company will allow it to cap its interest beyond a level, which will be borne by the bank.
Economic Times

What to know ahead of the Fed's interest-rate decision - over 1 year ago
Another important element of this week’s meeting: Policymakers are set to issue updated rate projections for the first time since December, offering crucial guidance on whether they still expect any additional hikes this year.
Economic Times

Asia shares hope for best as Fed decides on rates - over 1 year ago
The still brittle mood was evident in the latest BofA survey of global fund managers which found pessimism near its worst in the past 20 years amid fears of financial risk and a flight from bank stocks.
Economic Times

SGX Nifty trades flat; here's what changed for market while you were sleeping - over 1 year ago
"We advise investors to remain cautious, as markets are likely to remain volatile ahead of the Fed's meeting outcome on Wednesday late evening. US Fed’s commentary amidst the ongoing financial crisis would be of key importance and can provide some direction to the markets," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.
Economic Times

Stocks in news: Devyani International, Hindustan Zinc, Indian Oil, Tata Motors - over 1 year ago
Franklin Templeton Fund picked up about 0.5% stake in Devyani International through a block deal on Tuesday, while Temasek offloaded nearly 3% stake in the company.
Economic Times

Stock Radar: The specialty chemical stock could see a bounce back from 100-WEMA; taking support at 8-year rising channel - over 1 year ago
History suggests that the stock has always managed to bounce back whenever it tested this crucial moving average. It did retest this crucial moving average in June 2022 but managed to stage a smart bounce back, which took it to a fresh record high of Rs 2,916 on September 15
Economic Times

Wall St climbs as bank contagion fears ebb, focus on Fed meet - over 1 year ago
Traders largely expect a 25-basis-point rate hike from the Fed on Wednesday, half the 50-bps increase expected before the banking crisis triggered by Silicon Valley Bank and Signature Bank's collapse. The Dow Jones was up 241.12 points
Economic Times

EU authorities won't ever write off bank bonds before shares, ECB says - over 1 year ago
He was reacting to UBS's rescue of Credit Suisse on Sunday, which has seen holders of Additional Tier 1 bonds lose everything while shareholders received $3 billion worth of UBS shares.
Economic Times

Stock Radar: Buy Pidilite Industries for a target of Rs 2550, says Gaurav Bissa - over 1 year ago
"Pidilite Industries stock has a history of bouncing from 100wema which is expected to lend a push in the current scenario as well. The stock looks poised for an upside thrust once short-term stability comes," Gaurav Bissa, VP, InCred Equities, said.
Economic Times

Temasek Holdings sells 2.8% stake in Devyani International for Rs 500 cr via block deal; Franklin Templeton MF buys - over 1 year ago
Franklin Templeton Fund has picked up about 0.5% stake in Devyani International through a block deal on Tuesday. Franklin's India Flexi Cap Fund has bought about 62 lakh shares in open market transaction for Rs 89 crore. The deal was executed at an average price of Rs 145 per share.
Economic Times

Stunned bank stocks make gains as Fed comes into focus - over 1 year ago
Bank stocks, including First Republic Bank, saw gains after the rescue of Credit Suisse eased concerns about the health of smaller US lenders and financial stability in general. Federal Reserve policymakers are expected to discuss the recent market upheaval at their current meeting
Economic Times

Fed begins crucial rate talks amid ongoing bank concerns - over 1 year ago
The US Federal Reserve is due to conclude a two-day interest rate meeting today. The bank's ninth consecutive rate increase will likely see its benchmark lending rate raised by a quarter percentage point, but opinions are divided as to whether this will be the end of its hiking cycle
Economic Times

Indian banks can endure global banking turmoil fallout: S&P - over 1 year ago
The agency said country's banks had sufficient buffers to withstand losses on their sizable government securities portfolio due to rising interest rates
Economic Times

US Treasury considering how to further strengthen financial stability, says Adeyemo - over 1 year ago
Adeyemo said "decisive action" taken by the Treasury, Federal Reserve and the Federal Deposit Insurance Corporation to protect depositors in Silicon Valley Bank and Signature Bank and ensure liquidity for other banks had stabilized the banking system, but a review of the banks' failures was in order.
Economic Times

Gold touched a lifetime high of 60,000 recently: What should investors do? - over 1 year ago
Gold prices touched a lifetime high of 60,000 mark on Monday. But what does this mean for the investors? Should they buy, sell or hold? Here's all you should know
Economic Times

Trading Guide: Usha Martin, PNB among 7 stock recommendations for Wednesday - over 1 year ago
Benchmark Sensex and Nifty rebounded nearly 1% on Tuesday tracking firm trends in global equities, and prompted by buying in index major Reliance Industries and banking stocks. The 30-share BSE Sensex climbed 445.73 points or 0.77% to settle at 58,074.68. At the close, Nifty topped 17,100 levels. From the Nifty pack, HDFC Life, RIL, Bajaj Auto, Bajaj Finance and Titan were among the top gainers.“Nifty’s recent price set-up ensures immediate support near 16,850-16,900 zone, while on the higher side it is likely to revisit levels of 17,200-17,250,” said Amit Trivedi, CMT, Technical Analyst - Institutional Equities, YES Securities.Here are stock recommendations for Wednesday:
Economic Times