Ujjivan Small Finance Bank reported a net profit of Rs 293 crore for the December quarter against a Rs 34 crore-loss in the year-ago period, backed by robust growth in net interest income and write-back of bad loan provisions.

Shah says for the small shareholder category, the return earned out would be 5.5%-7.9% if the minimum acceptance ratio (MAR) is 18%-25.7%, assuming the current market price would be the post-buyback price.

In the case of domestic mutual funds (MFs), the auto sector weight was 8%, the highest in 49 months. It has increased by 140 basis points over the past 12 months. The sector was ranked third in terms of weight for domestic funds after private banks and the technology sector.

In case the existing power purchase agreements of the imported coal-based plants do not have adequate provisions to pass through the increase in cost because of higher international fuel prices, a committee will work out the benchmark rates, the notification said

Given the cyclical nature of consumption in some industries, there are particular quarters in which their performance stands out. Hotels and airlines are the ones which see a busy season normally in the third quarter. Both holiday travel and leisure travel are at their peak during this period. However if one goes by how airline fares have shot up even for summer months of 2023, it is an indication that travel with vengeance which had started after covid might be continuing.

NMDC Steel is a newly formed entity post its demerger from mining giant NMDC. The government last month had received in-principle approval from the BSE for a listing of NMDC Steel (NSL).

During the day, three Adani stocks - Adani Transmission, Adani Green and Adani Total Gas - hit 5% lower circuit limits. Adani Power, on the other hand, was trading 5% higher. Buying was also seen in ACC and Ambuja Cements on positive newsflow related to restarting operations in Himachal Pradesh.

For the last one week, volatility in broader market indices and also in market breadth has been high. Given the unpredictable new flow, both around individual companies and global macros, it is very likely that volatility will remain high in the near term as no one knows which side the wind will blow. ET screener powered by Refinitiv’s Stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists down stocks which fulfill the various criteria as specified into the algorithms & filters to find stocks which might help navigate the market conditions.

The new freight rates finalised with transporters for single axle trucks of 12 tonnes would be Rs 10.30 a tonne per km for Ambuja Cements’ Darlaghat plant and ACC’s Gagal plant as compared to earlier rates of Rs 11.41 for Gagal and Rs 10.58 for Darlaghat units earlier.

During the day, three Adani stocks - Adani Transmission, Adani Green and Adani Total Gas - hit 5% lower circuit limits. Adani Power, on the other hand, was trading 5% higher. Buying was also seen in ACC and Ambuja Cements on positive newsflow related to restarting operations in Himachal Pradesh.

As the market witnesses volatile movement and bearish bias once again comes back to the street. There are few large cap stocks which are still finding favor with analysts. After the recent correction, even the most well known name in the cement sector has made it to the list as the upside potential in them comes close to algorithm fixed minimum target price. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks. This predefined screener is only available to ET Prime users.

The moderation in FPI selling comes as the valuation gap between India and China normalised. The Indian market's premium to China is back in line with the 10-year average at the end of January, Christopher Wood of Jefferies said in his latest weekly newsletter GREED and fear.

"The board of directors of the company in its meeting scheduled to be held on February 24, 2023 (Friday), will discuss and consider, inter-alia, issuance of equity shares on a preferential basis consequent upon conversion of outstanding liabilities into equity shares of the company, subject to applicable regulatory approvals, SpiceJet said in a BSE filing.

One of the most successful and well-known investors of all time, Peter Lynch, is best known for growth at a reasonable price approach to investing. His philosophy is detailed in his best-selling book "One Up on Wall Street" and more recently in "Beating the Street." Lynch is often associated with PEG ratio, which measures PE ratios in relation to growth rates. Based on the idea of Lynch, a custom screen made by MarketSmith emphasises securities that are trading for below-average prices on a PE or PEG basis that are not already widely owned by institutions.Here are 11 stocks that match Peter Lynch’s style of investing, as listed on MarketSmith:

JPMorgan remained positive on Bajaj Finance and L&T Finance within the NBFC space amid positive earnings traction post-Q3FY23 results. The global investment bank has a target of Rs 9,000 per share for Bajaj Finance, and Rs 115 for L&T Finance.

“Options data suggests a broader trading range in between 17650 to 18200 zones while a shift in immediate trading range in between 17700 to 18000 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited

A team of analysts from global brokerage firm Jefferies has raised the FY23 earnings estimates for 47% of 147 companies under its coverage network. Downgrades were made to 46% of companies, resulting in higher upgrades than downgrades for the first time in five quarters.

“The challenge lies in the outlook…industrial companies’ orderbook prospects heavily hinge on global growth. This is because industrial cycle is dependent on demand, prices and liquidity cycle – all of which are heavily influenced by global factors,” Nuvama Institutional Equities said.

IRB Infrastructure Developers is India’s first multinational infrastructure player in the highways segment. As the largest integrated private toll roads and highways infrastructure developer in India, the company has an asset base of over Rs 60,000 crore in 10 states across the parent company and two InvITs.

From the Sensex pack, NTPC, Tata Steel, HUL and Bharti Airtel were the top gainers, rising about 0.5-1.5%. M&M, TCS, Nestle, Tech Mahindra, Infosys and HCL Tech also opened with gains. Meanwhile, Axis Bank, Maruti, ICICI Bank, Kotak Bank and Titan opened with cuts.

The markets were in a decline on Monday with the Nifty ending the day with a net loss, while remaining in the negative for a large part of the day. Stock-specific opportunities continue to rise in select sectors.

Sensex rises over 100 points, Nifty above 17,850; Adani Power gains 3%, Spicejet sheds 2%; Yes Bank, Vodafone Idea, PNB are some of the top movers in morning trade.

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 Coal India and Wipro while Kunal Bothra has a buy/sell recommendation on Indiamart and Divi's Lab for today's trading session. Check out the targets and stoploss.

The price of this stock has been rising steadily after taking support from the lower trendline of a falling channel. Now the price has given a breakout from the said channel and has tested it as well on a daily timeframe. On the weekly timeframe, the price has given a bullish flag breakout, which suggests further upside at a quicker pace.

Exchanges' equity and derivative platforms are currently open for trading between 9:15 am and 3:30 pm. The Securities and Exchange Board of India (Sebi) has already drawn up a framework that allows bourses to keep F&O trading open until 11:55 pm and shares until 5 pm.

Nifty futures on the Singapore Exchange traded 6.5 points, or 0.04 per cent, higher at 17,871.50, signaling that Dalal Street was headed for a muted start on Tuesday. Here are some stocks which are expected to see some action in trade today.

The stock surpassed its long-term supply zone of Rs 4,950 and rose to a new lifetime-high of Rs 5,095. Above average volume and rise in future open interest signals that major market participants were in favor of the bulls.

In the currency market, the dollar hovered just shy of recent peaks as a three-week rally faded, with traders looking to European and U.S. manufacturing data later Tuesday and Friday's core PCE price index to help guide their next steps.

Option data suggests a broader trading range in between 17650 to 18200 zones while a shift in immediate trading range in between 17700 to 18000 zones.

HDFC Bank is planning its 1st USD-denominated bond sale in 1.5 years. The bank is planning benchmark-sized senior unsecured note sale, ET Now reported.

"It (RBI) is not necessarily synchronising (with western central banks) but at the same time, also watching the global movement of capital. I think the RBI is looking at the Indian economy a lot more for our purpose," Sitharaman said in a post-budget interaction in Jaipur.

“The issue was discussed in a meeting last month. We have suggested to the RBI that instead of one week, the reporting time should be increased to around a month,” said a senior bank executive aware of the development. Under the existing framework, lenders need to report fraud to the RBI's Central Repository of Information on Large Credits (CRILC) within a week of the joint lenders’ forum (JLF) declaring an account fraudulent.

​​The RBI noted that it has observed that some ARCs have been recognising management fees even though the fee had not been realised for more than 180 days.

It further increased its stake by 7.67% in December 2022. Shares of Asit C Mehta, which gained 10.5% in the past one week, ended flat at 140 on Monday.

Exchanges' equity and derivative platforms are currently open for trading between 9:15 am and 3:30 pm. The Securities and Exchange Board of India (Sebi) has already drawn up a framework that allows bourses to keep F&O trading open until 11:55 pm and shares until 5 pm.

Reacting to the company’s announcement on Sunday, SAMIL’s stock gained over 3% on Monday in a weaker broader market. It has outperformed the benchmark Nifty 50 by 15% over the past three months

The home-grown private equity player has so far invested in two companies -- Formax and Biryani Blues -- from the second fund, while Rs 380 crore has remained undeployed.

The three bidders have offered different plans which will now be evaluated by Resurgent Resolution Professionals, the valuer appointed by banks. Depending on the valuer’s report, lenders will put the best plan to vote based on the net present value.

Bank mergers have benefited both the acquirer and the acquired, according to a report by Reserve Bank of India researchers. While the transactions have helped improve the efficiency of the acquirer banks, they have added to shareholder value for banks that have been acquired.

The stocks included in the large-cap index are ACC, Kotak Mahindra Bank, Canara Bank, IDBI Bank, YES Bank, Union Bank, Indian Hotels, Jindal Steel & Power, Shriram Finance, Trent, and Tube Investments. One97 Communications, Biocon, Godrej Properties, Jubilant FoodWorks, Piramal Enterprises, and Sona BLW are the six stocks excluded from the large-cap index.

The stock hit a 52-week high of Rs 275 on November 4, 2022, but failed to hold on to the momentum. It reversed losses after consolidating around the 50-WMA

Widening for the fourth consecutive month, the average advance-decline ratio has fallen to around 0.7 so far this month. February's reading has further softened from 0.76 in January 2023, 0.87 in December 2022 and 0.95 in November 2022.

The economy ministry at one point predicted that Russia's economy would shrink more than 12% last year, exceeding the falls in output seen after the Soviet Union collapsed and during the 1998 financial crisis

Besides, the company is also expanding its product portfolio in large appliances like refrigerators, room air conditioners and some other segments such as cameras

Besides, the company is also expanding its product portfolio in large appliances like refrigerators, room air conditioners and some other segments such as cameras

“Aster DM Healthcare has been in a strong uptrend since 2020 and has recently bounced back from its 89-EMA on the weekly charts,” Gaurav Bissa, VP, InCred Equities, said.

There were reports the White House planned new sanctions on Russia, while Secretary of State Antony Blinken on Saturday warned Beijing of consequences should it provide material support, including weapons, to Moscow.But, with U.S. markets shut for the Presidents' Day holiday, non-U.S. assets got some respite from last week's relentless pressure

Indian equity benchmark indices ended in the red for the second straight day on Monday after US export prices data last week stoked fresh fears that the Federal Reserve would keep interest rates higher for longer, while investors waited for minutes of the Fed's meeting due on Wednesday.In a volatile trading session, Sensex ended 0.51% lower at 60,691.54 while Nifty fell by over 0.5% to end at 17,844. Among the Nifty stocks, top gainers today included stocks like Divis Laboratories, Tech Mahindra, UltraTech Cement, Hindalco and Power Grid, while top losers were Cipla, Adani Enterprises, Britannia, BPCL and UPL.“The bears remain at the helm as Nifty slips back into the falling channel. The trend is likely to remain weak as long as the index remains below 18,000; any rise is likely to get sold into. Immediate support is visible at 17,750; below which Nifty may move down to 17,600. Again, a fall below 17,600 may take the Nifty towards 17,400. On the higher end, a decisive breakout above 18,050 may induce a rally towards higher levels,” said Rupak De, Senior Technical Analyst at LKP Securities.Here are stock recommendations for Tuesday:

On Monday, the benchmark index Sensex slid by approximately 311 points to reach 60,692. However, four stocks belonging to the BSE commodities index recorded their new 52-week highs, despite the overall market decline.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.

Reacting to the company’s announcement on Sunday, SAMIL’s stock gained over 3% on Monday in a weaker broader market. It has outperformed the benchmark Nifty 50 by 15% over the past three months