PB Fintech rallies 6% amid bulk deal buzz - almost 2 years ago
According to NSE data National Stock Exchange (NSE), 61.19 lakh shares worth Rs 291.46 crore were traded as of 11.30 am. On BSE, 3.57 lakh shares amounting to Rs 17.07 crore exchanged hands, but block deal data is yet to come.
Economic Times

Multibagger Alert! These 7 stocks have surged over 100% for 3 years in a row - almost 2 years ago
In equity markets, investors generally look for stocks that can double their value in the shortest time period. But picking the right stocks is not an easy task. ETMarkets analysis stocks that have not only turned multibaggers in 2022 but have consistently gained over 100% in the year 2020 and 2021 as well. We considered only companies with a market cap of over Rs 500 crore. From the BSE universe, there are seven such stocks that have made the cut. (Data Source: ACE Equity).Here's a look at their SWOT analysis:
Economic Times

Yes Bank jumps 5% after RBI gives conditional nod to Carlyle, Advent for stake buy - almost 2 years ago
The investors and the bank will engage with the RBI to seek an early resolution of the conditions to procure the final approval on this matter,” it added. Earlier in July, Yes Bank had said it would raise $1.1 billion from Carlyle and Advent for a 10% stake each in the bank, as it looked to boost its capital and fund growth.
Economic Times

Financial planning for medical emergencies: What women need to know - almost 2 years ago
As we know, just a simple hospital stay can cost lakhs of rupees, so it's important to have savings set aside specifically for healthcare costs. Even if you have health insurance, having savings will help cover co-pays, and other out-of-pocket costs. If your health insurance doesn't cover all of your expenses, you may end up owing money on top of the original bill. Which is unfortunately the reality of medical emergencies.
Economic Times

Hot Stocks: Brokerages on One97 Communications and Westlife Development - almost 2 years ago
The global brokerage firm has maintained its equal weight rating on One97 Communication, the parent firm of Paytm, with a target price of Rs 695. Management is confident of strong growth as well as achieving its adjusted EBITDA break-even target by September 23 and it does not see any significant risk to its payment margins, Morgan Stanely said.
Economic Times

Up to 22% upside! 7 stocks where difference in forward & trailing PE is indicating promise - almost 2 years ago
There are many ways to select stocks on quantitative parameters, we looked at the stocks where the differential in two most used PE ratio parameters is indicating a potential increase in earnings. 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

Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus - almost 2 years ago
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
Economic Times

Golden Crossovers: These 7 stocks signal further bullishness - almost 2 years ago
In the NSE list of stocks, seven stocks with a market cap of over Rs 1,000 crore are witnessing Golden Crossovers, according to stockedge.com's technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. The 50-day simple moving averages (SMA) of these stocks crossed their 200-day SMAs on December 1. Take a look:
Economic Times

These 5 auto ancillary stocks can rise up to 30% amid rising demand, cooling raw material prices - almost 2 years ago
In early part of 2022, a sharp rise in metal prices hit auto ancillary stocks badly. With commodity prices cooling off from their highs and 4 and 3 wheeler sales rising, tailwinds for select auto ancillary companies have increased exponentially in a short span of time. The list is based on upside estimated by the analysts, with the highestpotential stock coming on the top of the list.
Economic Times

Chart Check: REC hits 52-week high in November, may rally another 20% in 6 months - almost 2 years ago
The Relative Strength Index (RSI) is at 75.9. 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

27 stocks need to rally up to 300% to revisit their 52-week highs! Worth a look? - almost 2 years ago
Market participants believe that there is more upside left in the Indian markets. In its latest report, Morgan Stanley's India equity strategist Ridham Desai said the index would hit 68,500 by December 203 in the base case scenario.
Economic Times

Golden Crossovers: These 7 stocks signal further bullishnes - almost 2 years ago
In the NSE list of stocks, seven stocks with a market cap of over Rs 1,000 crore are witnessing Golden Crossovers, according to stockedge.com's technical scan data. Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside. The 50-day simple moving averages (SMA) of these stocks crossed their 200-day SMAs on December 1. Take a look:
Economic Times

Trader's Guide: These 2 largecap stocks can rise up to 9% - almost 2 years ago
The weekly options expiry prevented the Nifty from moving higher, though the markets continued to extend their gains. IT and metal stocks appear to be putting up strong shows.
Economic Times

This year’s sour stock market made Wall Street bearish for first time since 1999 - almost 2 years ago
With just one month to go, 2022 continues to be one of the most punishing years for investors. Dip buyers kept getting lured back by violent bounces, only to see shares drop to fresh lows. Outside commodities, almost every major financial asset lost money. Even trades that once worked as a hedge during market crashes, such as buying put options on the S&P 500, fell flat.
Economic Times

Sensex sheds 200 points, Nifty tests 18,750; Eicher Motors tanks 3%, PB Fintech jumps 5% - almost 2 years ago
Opening Bell: Sensex sheds 200 points, Nifty tests 18,750; Eicher Motors tanks 3%, PB Fintech jumps 5%
Economic Times

Sensex, Nifty trade lower after 8-session long bull run - almost 2 years ago
Among Sensex stocks, Maruti, Power Grid, TCS, UltraTech Cement, Asian Paints and HDFC were the top losers, falling around 1-2%. ICICI Bank, Bajaj Finance, HUL, Nestle, L&T and M&M also opened lower.
Economic Times

At multi-year highs: L&T among 7 stocks that gave 5-year breakouts - almost 2 years ago
In the NSE list of stocks with a market cap of over Rs 1,000 crore, seven stocks crossed their previous 5-year high value at the close on December 1, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look:
Economic Times

Despite sharp rally, 13 FMCG stocks trading below lifetime highs; what should you do? - almost 2 years ago
Moreover, the rebound in shares has not been broad-based, as most midcap stocks remained out of favour. On a YTD basis, stocks like Emami, Marico, and Godrej Consumer Products have given negative returns.
Economic Times

Stocks to buy or sell today: 11 short-term trading ideas by experts for 2 December 2022 - almost 2 years ago
Sensex, Nifty ended on a higher note on Thursday as the gains were trimmed on the back of profit booking on higher levels.
Economic Times

Hindustan Petroleum Corporation: Short term Bearish - almost 2 years ago
Hindustan Petroleum Corporation is in a bullish trend, but showing some weaknesses now. In the last trading session, it closed in the negative. Based on option chain analysis, the range is between 230 and 250 and we are currently in the middle of the range. Using the PCR ratio, it is at 0.8. Let’s plan a trade around that.
Economic Times

Sensex at record high but smallcap investors are waiting for Secret Santa - almost 2 years ago
So far in the calendar year 2022, Nifty has advanced around 9% while Nifty Smallcap 100 index is down around 11%. Both Nifty Junior50 and Nifty Midcap100 have also underperformed the broader index by delivering 4% and 6%, respectively on a year-to-date (YTD) basis.
Economic Times

Buy or Sell: Stock ideas by experts for December 02, 2022 - almost 2 years 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 SBI and DLF while Kunal Bothra has a buy/sell recommendation on Bajaj Fin for today's trading session. Check out the targets and stop-loss.
Economic Times

Corporate Radar: Som Distilleries & Breweries to go ex-dividend; Likhitha Infrastructure stock split and more - almost 2 years ago
Also, shares of Can Fin Homes (Rs 1.50 per share), Aptus Value Housing Finance India (Rs 2 per share), Hinduja Global Solutions (Rs 5 per share) and Panchsheel Organics (Re 0.8 per share) will trade ex-dividend next week.
Economic Times

RBI may lower FY23 GDP growth forecast - almost 2 years ago
A three-day meeting of the central bank's monetary policy committee is scheduled for December 5-7. Besides its rate move, the meeting will be closely watched for RBI's growth projection, which currently stands at 7% for 2022-23.
Economic Times

Stocks in focus: M&M, NMDC, Wipro, Kotak Bank, Paytm, NMDC Steel, Yes Bank and more - almost 2 years ago
Nifty futures on the Singapore Exchange traded 46.5 points, or 0.25 per cent lower at 18,929, signaling that Dalal Street was headed for a negative start on Friday. Here are a dozen stocks which may buzz the most in today's trade
Economic Times

Big Movers on D-St: What should investors do with KRBL, L&T and Escorts? - almost 2 years ago
A promising range breakout formation and long bullish candle are indicating further upside from the current levels. For the breakout traders, 415 would be the key level to watch. Overall chart structure suggests if the stock sustains above the same, then the breakout continuation texture is likely to continue up to 460-480.
Economic Times

SoftBank likely to sell 5% stake in PB Fintech - almost 2 years ago
As of September 2022, SoftBank held a 10.17% stake in the company that operates the online insurance aggregator. The sale will almost halve this stake. SoftBank and Citigroup, the sole book runner for the deal, did not respond to ET's queries till press time Thursday.
Economic Times

Asian shares tentative ahead of U.S. payrolls data, dollar nurses losses - almost 2 years ago
Investors are also watching for more signs that China is easing its zero-COVID policy, and whether China would contribute more to global growth next year amid a looming global recession.
Economic Times

Rights issues at deep discount could be a good bet for investors - almost 2 years ago
Some companies, such as Heritage Foods, Sandur Manganese, PTC Industries, Choice International, and Suzlon Energy, have recently offered rights issues at 40-95% discounts to the prevailing market prices. In some of them, the retail investors' portion was not fully subscribed.
Economic Times

Stocks in the news: Wipro, Kotak Bank, Paytm, NMDC, Phoenix Mills and Yes Bank - almost 2 years ago
Private equity majors The Carlyle Group and Advent have got the Reserve Bank's nod to own up to 9.99 per cent in the private sector lender Yes Bank.
Economic Times

US rate hike cues lift markets to new highs - almost 2 years ago
The market, however, took Fed's warning that it has "more ground to cover" in tightening monetary policy in its stride. Most major averages in the region advanced 0.5-1% anticipating 50 bps or smaller rate hikes in December and forthcoming months from 75 basis point hikes on the previous four occasions.
Economic Times

NDTV promoter group co allots 1.99 m shares to Adani firm - almost 2 years ago
The shares submitted so far represent more than 31.78% of the 16.8 million shares that the Adani Group has offered to buy under the compulsory open offer. On November 7, the market regulator had granted approval to the ₹492.81 crore open offer for a 26% stake.
Economic Times

SGX Nifty trades 55 points lower; here's what changed for market while you were sleeping - almost 2 years ago
Stocks edged lower in Asia after US equities struggled for direction, with traders awaiting a jobs report later Friday for clues on the Federal Reserve’s next policy steps.
Economic Times

US stock market: Wall Street ends mixed; Salesforce selloff pressures Dow - almost 2 years ago
U.S. manufacturing activity shrank in November for the first time in 2-1/2 years as higher borrowing costs weighed on demand for goods, data showed, evidence the Fed's rate hikes have cooled the economy.
Economic Times

Sebi asks MFs to act against con Telegram channels - almost 2 years ago
The capital markets regulator said in a communication to the industry on November 30, Telegram is rife with dubious groups masquerading as fund houses. Sebi's warning to the industry comes in the wake of instances where investors have been defrauded by these telegram group operators, said three mutual fund industry officials.
Economic Times

Stock Radar: Buy Dabur India for a target of Rs 670, Says Shitij Gandhi - almost 2 years ago
“A fresh breakout above “Cup & Handle pattern” was observed in Dabur India which points towards next upswing into the prices towards 670 levels,” Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.
Economic Times

Stock Radar: Dabur India breaks above bullish flag pattern; fresh record highs possible - almost 2 years ago
A bullish flag is usually formed in stocks with strong uptrends and is considered a continuation pattern
Economic Times

Wall St slides after manufacturing data, Salesforce tumbles - almost 2 years ago
The Dow Jones Industrial Average fell 56.2 points, or 0.16%, at the open to 34533.59
Economic Times

Ahead of Market: 10 things that will decide D-Street action on Friday - almost 2 years ago
“Over the short term, the trend is likely to remain positive. On the higher end, resistance is pegged at 18,900-19,000, whereas supports are placed at 18,700/18,500,” Rupak De, Senior Technical Analyst at LKP Securities, said.
Economic Times

Cosmo First announces Rs 108-crore buyback offer - almost 2 years ago
The company will buy back 10.09 lakh shares having a face value of Rs 10 each
Economic Times

S&P 500, Nasdaq edge higher on solid consumer spending data, easing prices - almost 2 years ago
The Dow Jones Industrial Average fell 56.2 points, or 0.16%, at the open to 34533.59
Economic Times

These 6 smallcap stocks gain over 20% in Nov; still over 50% away from their year-high - almost 2 years ago
Overall, November proved fruitful for Indian equities. Benchmark index Sensex gained about 4% while smallcap was up about 2.5%. During this run up several smallcap stocks have seen good upside momentum. ET Markets analyses the small-cap stocks that have gained over 20% in November but are still trading 50 to 55% away from their 52-week high (Data Source: ACE Equity).
Economic Times

Credit rating agencies: Sebi extends deadline for standardised framework implementation - almost 2 years ago
In view of representations received from credit rating agencies, it has been decided to extend the date of applicability of the standardised industry classification till December 15, the Securities and Exchange Board of India (Sebi) said in a circular.
Economic Times

Softbank Group to sell 5% stake in PB Fintech on Friday: Reports - almost 2 years ago
​​Through the sale, Softbank aims to raise Rs 1,000 crore
Economic Times

Tech View: Nifty forms red candle on daily chart. What traders should do on Friday - almost 2 years ago
Chart readers said Nifty is now showing signs of running out of steam for the time being. The mark, 18,888, could be a tough resistance to cross while 18,678 could offer support in the near term.
Economic Times

Sebi permits brokers to extend margin trading facility to equity ETFs - almost 2 years ago
"Taking into account the emergence of ETFs as an investment product with various advantages such as transparency, diversification, lower cost, etc, it has been decided to allow units of equity exchange traded funds (equity ETFs)... as an eligible security for MTF as well as an eligible collateral under MTF," Sebi said in a circular.
Economic Times

These 5 largecap stocks touch their new 52-week high - almost 2 years ago
The benchmark index closed higher for the eighth consecutive day. The benchmark index Sensex gained about 184 points to 63,284 on Thursday. During this rally, five stocks from the BSE 200 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

Decoding the impact of a global recession on booming Indian economy - almost 2 years ago
With rapid urbanization and holistic governmental efforts to develop the rural economy paying off, India continues to maintain its position as a top investment destination that seems unperturbed by the current recessionary climate engulfing developed economies.
Economic Times

Nifty IT index surges 3%; LTTS, Mphasis, Persistent rally up to 8% - almost 2 years ago
Shares of L&T Technology Services surged 8%, Mphasis and Persistent rose over 5%, while TCS, Tech Mahindra, Coforge, and LTI advanced over 2%.
Economic Times

Shree Securities hit 5% upper circuit amid stock split buzz - almost 2 years ago
In an exchange filing, the company said that its board of directors are scheduled to meet on Friday, December 16, to consider and approve the proposal to sub-divide or split the equity shares.Following the update, shares of the smallcap player jumped 5% to Rs 29.50 on Thursday. The stock settled at Rs 28.10 on Wednesday.
Economic Times