​These 7 hotel stocks rally up to 206% in 2022. Do you own any? - almost 2 years ago
Several sectors, companies (listed or unlisted), investors are heaving a sigh of relief as 2022 draws to a close — thank God, the roller coaster is over. All this while, listed hotel companies have been having their moment, lapping up their surging gains. From the BSE universe, 8 hotel stocks have surged over 50% in 2022. We considered companies with a market cap of over Rs 500 crore. Among the last 3 years, 2022 was the best for the industry, as prior to that it was crippled by Covid-19 pandemic.Despite a smart rally, most of these stocks are still trading over 20% away from their 52-week high levels (Data Source: ACE Equity). Take a look at how it fared on SWOT analysis, according to Trendlyne data."While December ’22 has been another strong month for the industry, rising Covid cases globally threaten to spoil the party from Jan’23. However, with the hotel industry has already borne the brunt of three Covid waves over FY21-22 with demand bouncing back stronger and quicker each time, we expect the hotel industry to ride the wave yet again and emerge stronger from any potential Covid-led demand disruption," says ICICI Securities research report.
Economic Times

2022 in numbers: New records and heartbreaks for stock investors - almost 2 years ago
"The performance of 2022 has been as per the trend observed over the past 10 years. Whenever Sensex provided returns of over 25% in a calendar year, the following year has seen a muted return," said Sunil Sanghai of NovaaOne Capital.
Economic Times

Gold rises Rs 205; silver declines Rs 30 - almost 2 years ago
"COMEX gold heads for a second weekly gain after US job data eased concern that a hot labour market would lead to hawkish Fed," an analyst at HDFC Securities said.
Economic Times

Sensex ends 2022 last day with a drop of 293 pts; Nifty settles at 18,105 - almost 2 years ago
In 2022, Sensex ended 2,609 points or 4.48% higher at 60,841, and Nifty50 gained 751 points or 4.32% to settle at 18,105
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Sensex falls 293 pts on last day of 2022; Nifty below 18,150; ICICI Bank, Zomato fall 2% each - almost 2 years ago
Closing Bell: Sensex ends 293 points down on last day of 2022; Nifty below 18,150; ICICI Bank, Zomato fall 2% each.
Economic Times

Adani group acquires NDTV founders' 27.26% equity stake - almost 2 years ago
Adani Group acquired a 29.18 per cent stake in NDTV by buying a company backed by the television network's founders, Radhika Roy and Prannoy Roy. Thereafter, it made an open offer to acquire an additional 26 per cent from public shareholders.
Economic Times

Adani purchase of NDTV founders' stake may test acquisition rules - almost 2 years ago
While the deft legal move shows the ingenuity of the tycoon and his dealmakers in clinching acquisitions — Adani’s entry into NDTV four months ago was also via an indirect route — it could invoke the regulator’s scrutiny on grounds that it is unfair to common shareholders.
Economic Times

IndusInd Bank among top 5 stock picks by IIFL Securities for 2023 - almost 2 years ago
For 2023, the domestic brokerage firm IIFL Securities has selected some promising stocks that have the strength and potential to yield decent returns in the next year."Considering rich valuations in general, we favour a defensive stance and domestic growth stories, with our top picks coming from banks, FMCG, auto, and insurance," IIFL Securities said.Here's a list of 5 top stock recommendations for 2023 from IIFL Securities:
Economic Times

This smallcap stock rallies 13% in 2 days after restart of Padra plant - almost 2 years ago
“After the temporary shutdown of the plant of the company situated at Padra (Unit 1), we would like to announce that the plant is restarted from today onwards on a regular basis after necessary equipment up-gradation and maintenance,” the company said in its BSE filing on Wednesday.
Economic Times

Multibagger stock IRB Infra to raise Rs 700 crore via NCD - almost 2 years ago
The NCD proceeds from refinancing would be utilized for part takeout financing of the existing project loans obtained and provide a significant saving of over Rs 10 crore annually at a revised interest cost of 8.9%, it added.
Economic Times

Japan's Nikkei ends flat, posts first annual loss in 4 years - almost 2 years ago
The Nikkei closed flat at 26,094.50, after rising as much as 0.9% earlier in the session driven by overnight gains on Wall Street. The index dropped 9.4% for the year, its first loss since 2018.
Economic Times

Holiday season cheer! 4 travel & hospitality stocks that can rise up to 37% - almost 2 years ago
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 in the third quarter. Both holiday travel and leisure travel are at their peak during this period. Given the vengeance with which travel has come back after covid, analysts have turned bullish on these stocks. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.
Economic Times

Craftsman Automation jumps 10%, hits 52-week high on acquisition of DR Axion - almost 2 years ago
As per Trendlyne data, the highest target price for the stock goes up to Rs 3800, while the average target price estimate is Rs 3339, which shows a downside of 6% from the current levels. Out of the six analysts covering the stock, five have strong buy ratings and one has a sell rating.
Economic Times

Nifty F&O rollover data hints at strong upward momentum; 2 stock ideas from Prabhudas Lilladher - almost 2 years ago
Bank Nifty rolls also declined by 85%, compared to the previous month of 88%. The weekly option chain data reflects Put OI additions at 43000PE and 42500PE of over 17 lakh OI shares and 14 lakh OI shares. CE writers' most active position lies at 43500 strikes with over 12 lakh OI shares and over 8 lakh OI shares at above strikes of 44000/44500.
Economic Times

Stock for 2023: Analysts choose India’s “proxy” to infra development to play on capex cycle - almost 2 years ago
The combined government capex (centre + states) has risen to an all-time high of Rs 12.3 lakh crore on a TTM basis, and expectations are that it is likely to exceed Rs 14 lakh crore in the current fiscal year going by the current trends.
Economic Times

Lotus Chocolate hits upper circuit after RIL's retail arm acquires controlling stake - almost 2 years ago
“The investment in Lotus underlines our commitment to further boost indigenously developed daily use high-quality products, to serve a broad customer spectrum at affordable prices,” Isha Ambani, the executive director of Reliance Retail, was quoted as saying in the release.
Economic Times

Rs 2 lakh crore wealth wiped off! How fintech cos turned riches to rags in 2022 - almost 2 years ago
The challenges to earnings growth and profitability and the major sell-off in technology stocks globally made this pack vulnerable to a selling. The rising macroeconomic growth concerns in the backdrop of high inflation and steeper rate hikes saw investors exiting high valuation stocks.
Economic Times

These 4 multibaggers of 2021 turned investors poorer in 2022 - almost 2 years ago
Tanla Platforms, a stock unspoken off much among the analyst community, became the darling of Dalal Street in 2021 as its value more than doubled. The cloud communications services provider has over the last few years reported higher-than-industry earnings growth.
Economic Times

Hot Stocks: Brokerages see 20-40% upside in KNR Construction, Go Fashion and Bandhan Bank in 2023 - almost 2 years ago
Rural demand is likely to improve because of moderating consumer price inflation, sustained economic growth, expected budgetary push, and migration of the rural population back to urban areas (which would increase remittances from urban to rural India), it said.
Economic Times

ETMarkets 2023 Poll: What investors can expect in the new year - almost 2 years ago
With 2022 drawing to a close, Dalal Street investors are prepping for 2023 on an optimistic note, as they believe the resilience shown by India to withstand the global shocks has put it in a favourable position to attract foreign capital flows.In an ETMarkets year-end survey conducted among 21 analysts, about 67% of them see Nifty50 above the 20,000 level by the end of 2023. Over 72% of the respondents believe that BSE Sensex will be above the 65,000 mark. Most market mavens expect equities to continue their bull run next year, which will take benchmarks Nifty50 and Sensex to new highs.
Economic Times

Money-spinner Adani stocks add Rs 8.5 lakh crore to investor wealth in 2022. Can their magic continue? - almost 2 years ago
Adani Enterprises has a solid asset base and good cash flows despite there being debt on the balance sheet. Adani Wilmar has delivered stellar returns. Even as the space is getting overcrowded, there is room for upside," said Bathini.
Economic Times

Elin Electronics makes weak debut on bourses, lists at 2% discount - almost 2 years ago
The Kolkata-based electronics manufacturing services provider’s IPO consisted of a fresh issue of shares worth up to Rs 175 crore, and an offer for sale by promoter entities and other shareholders worth up to Rs 300 crore. The face value of the share is Rs 5 per share.
Economic Times

Stock Radar: Rally not over in this multibagger PSU bank stock; here's why - almost 2 years ago
The recent price action helped the stock hit a fresh 52-week high of Rs 197.20 on December 9, 2022. But, after hitting the record high, the stock quickly witnessed some profit-taking
Economic Times

Sensex gains 200 points, Nifty nears 18,250; Eureka Forbes jumps 5% - almost 2 years ago
Sensex rises 200 pts, Nifty nears 18,250; Eureka Forbes jumps 5%, Craftsman Automation 4%; Nifty PSU Banks jumps 2%.
Economic Times

Sensex rises over 200 points on firm global cues; Nifty above 18,250 - almost 2 years ago
“The key resistance level for Nifty50 is 18,400 and on the downside 18,100 can act as strong support,” Mohit Nigam, Fund Manager & Head - PMS, Hem Securities said.
Economic Times

Buy or Sell: Stock ideas by experts for December 30, 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 Indusind Bank and Hindalco while Kunal Bothra has a buy/sell recommendation on Indusind Bank and Bank of Baroda for today's trading session. Check out the targets and stoploss.
Economic Times

Trader's Guide: One metal stock & a bluechip auto major can rise up to 8% in near term - almost 2 years ago
The markets opened lower on Thursday but ended up recovering and closing with a gain. Technically speaking, the Nifty has well-defended the support level of the100-day moving average.
Economic Times

Stocks to buy or sell today: 4 short-term trading ideas by experts for 30 December 2022 - almost 2 years ago
The Nifty50 index surpassed its key hurdle of 18,181 level in the previous trading session which is a positive sign for the bulls. The next resistance for the index is placed at 18,300-18,400 levels, suggest experts.
Economic Times

Nifty stuck in time loop since last 6 quarters. Will we see a big breakout in 2023? - almost 2 years ago
Nifty had topped out in October 2021 at around 18,600 level after which it had a multi-month correction that developed in a downward sloping channel. The index received support near the lower channel line in June-July 2022 and started moving higher.
Economic Times

Big Movers on D-St: What should investors do with FACT, Bharat Dynamics and Hikal? - almost 2 years ago
Stocks that were in focus include names like FACT which was up nearly 10%, Bharat Dynamics which gained more than 2%, and Hikal which gained more than over 3% on Thursday.
Economic Times

Corporate Radar: Smallcap stock to go ex-dividend; Punjab & Sind Bank board meeting and more - almost 2 years ago
The company’s board meeting is to take place to consider and approve the migration process from SME to the main board of the stock exchange(s) in terms of Regulation 277 and other applicable provisions of SEBI.
Economic Times

Asia stocks gain as investors find foothold at end of brutal 2022 - almost 2 years ago
In the currency market, the U.S. dollar was on track for its best annual performance in seven years. The dollar index, which measures the greenback against six major currencies, was 0.048% lower on Friday, but entering the 2022's final few hours of trading, it had gained nearly 9% over the year.
Economic Times

Stock market holidays in 2023: Trading to be shut for 15 days next year - almost 2 years ago
Then with no break in July, the markets will observe a holiday on the occasion of Independence Day on August 15. Post that on September 19, markets will be shut for Ganesha Chaturthi.
Economic Times

Stocks in focus: RIL, IRB Infra and more - almost 2 years ago
Nifty futures on the Singapore Exchange traded 90 points, or 0.49 per cent, higher at 18,370, 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

US stock market: Wall Street ends firmer, growth stocks lead in thin trading - almost 2 years ago
Wall Street's main indexes dropped more than 1% on Wednesday, with the Nasdaq Composite Index hitting a 2022 closing low as rising COVID cases in China and geopolitical tensions added to fears of a likely recession in 2023.
Economic Times

Stocks in news: Lotus Chocolate, RIL, Cipla, Craftsman Automation, Eicher Motors - almost 2 years ago
Reliance Industries arm Reliance Retail Ventures has signed an agreement to acquire 51% stake of promoter and promoter group entities in BSE-listed Lotus Chocolate Co for Rs 74 crore. The company will further make an open offer to the public shareholders to acquire an additional 26% stake in the confectionery maker.
Economic Times

CAD surges to record $36.4 billion in Sept quarter - almost 2 years ago
New Delhi's current account balance recorded a deficit of $36.4 billion, or 4.4% of the GDP, in the September quarter, up from $18.2 billion, or 2.2% of the GDP, in the first quarter, data published by the Reserve Bank of India (RBI) showed. The deficit was at $9.7 billion, or 1.3% of the GDP, a year ago.
Economic Times

Srei lenders to hold challenge auction Tuesday to select winner - almost 2 years ago
Lenders have set a threshold value of ₹3,000 crore as upfront payment - the minimum a resolution applicant must pay to be in the fray, said a note issued by lenders to the bidders.
Economic Times

Banks open loan taps to top performers among smaller NBFCs - almost 2 years ago
“While mid- & small-size NBFCs are majorly dependent on banks, banks also have selectively gained confidence in these NBFCs based on their performance during the pandemic and support shown by sponsors,” India Ratings said. “The agency expects the evolving funding ecosystem between banks and mid- & small-sized NBFCs is credit supportive.”
Economic Times

Credit push to priority sector gains traction: RBI report - almost 2 years ago
State-run banks fell short of achieving their targets only in the microenterprises category. Private banks, on the other hand, fulfilled their targets only for micro-enterprises, the central bank noted.
Economic Times

ICICI Pru Life's assets touch Rs 2.5 lakh cr on strong growth - almost 2 years ago
"This is an outcome of offering customer-centric products, growth in new business premium, industry-leading persistency ratios, superior customer service and delivering superior risk-adjusted returns," the company said in a statement.
Economic Times

Indian lenders strong enough to counter worst of macro stress: RBI - almost 2 years ago
It may go down to 14.0% in the medium stress scenario and to 13.1% under the severe stress scenario by September 2023, but it will stay above the minimum capital requirement. None of the 46 banks would breach the regulatory minimum capital requirement of 9% in the next one year, even in a severely stressed situation, RBI tests show.
Economic Times

Rollovers hint at a bullish start to 2023 - almost 2 years ago
About 79.2% of Nifty futures contracts were rolled over to January on Thursday as per actual exchange data. This is slightly higher compared with the three-month average of 78.6% but lower than 90% of the carried forward positions in the previous series.
Economic Times

Stock Radar: Multibagger! Rally not over in this public sector bank that doubles wealth in 2022; here’s why - almost 2 years ago
The recent price action helped the stock hit a fresh 52-week high of Rs 197.20 on December 9, 2022. But, after hitting the record high, the stock quickly witnessed some profit-taking
Economic Times

Wall Street surges in bargain-hunting rally, oil slides - almost 2 years ago
The Dow Jones Industrial Average rose 309.1 points, or 0.94%, to 33,184.81, the S&P 500 gained 61.47 points, or 1.62%, to 3,844.69 and the Nasdaq Composite added 244.75 points, or 2.4%, to 10,458.04.
Economic Times

Cipla to invest 15 million euros in Germany’s Ethris to expand respiratory portfolio - almost 2 years ago
The investment will facilitate a long-term strategic partnership between Cipla and Ethris for development of messenger RNA (mRNA)-based therapies, the former said in a release
Economic Times

Stock Radar: Buy Bank of Baroda for a target of Rs 200-210 - almost 2 years ago
“Bank of Baroda stock is in a strong upward trend and after the short correction recently has taken support near the significant 50EMA level of 165 and indicated a trend reversal with a decent pullback improving the overall bias on the daily chart,” Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd, said.
Economic Times

Cipla to invest 15 million euro in Germany’s Ethris to expand respiratory portfolio - almost 2 years ago
The investment will facilitate a long-term strategic partnership between Cipla and Ethris for development of messenger RNA (mRNA)-based therapies, the former said in a release
Economic Times

RIL retail arm to acquire controlling stake in Lotus Chocolate for Rs 74 crore - almost 2 years ago
Reliance Consumer Products will acquire 51% stake from the promoter and promoter group entities of the confectionary maker and make an open offer to the public shareholders to acquire an additional 26% stake
Economic Times

Zerodha has no goals, but a mantra: To do what’s right for users, says Nithin Kamath - almost 2 years ago
The company’s principle is: “Do what’s right for users.” “We've never set goals at Zerodha — be it user growth, revenues, or profits. The idea has been to get up every day, improve, & do what's right for users, knowing that we'll get to wherever we have to get to. The journey is a lot more fun this way," Nithin Kamath tweeted.
Economic Times