The maker of Rin detergent and Dove beauty bar expects inflation to moderate somewhat but remain higher than a year ago, so growth will continue to be price-led.

Adani Enterprises' unit Adani Data Networks purchased airwaves worth nearly $27 million in the country's 5G auction last year. However, at the time, the company has said it does not plan to offer consumer services and is instead aiming to enter the private 5G network space. Its proposed mega $2.5 billion follow-on public offering (FPO), which launches later this month, will be used for capital expenditure and to pay off debt at its units, the company has said.

Concert has pioneered the use of deuterium (a hydrogen isotope) in medicinal chemistry and has an extensive patent portfolio, including its lead product candidate deuruxolitinib - an oral inhibitor that blocks Janus kinases JAK1 and JAK2 for the treatment of baldness. Concert has completed the evaluation of the efficacy and safety of deuruxolitinib in adult patients with moderate to severe alopecia areata in its THRIVE-AA Phase 3 clinical program and two open label, long-term extension studies are ongoing in North America and Europe.

"When stocks move from under ownership to adequate ownership, prices spurt," said VK Vijayakumar, chief investment strategist at Geojit Financial Services. "The sudden change in earnings and improving prospects have led to a market re-rating which has resulted in spurt in stock prices."

The move is part of an ambitious strategy by the leader in the electric passenger vehicle market to raise significant funds, both via external and internal sources, to support its growth plans through product innovations, especially of EV platform, top executives close to the development said.

This will be a year for the Indian economy to strengthen its position on the global stage while the rest of the world grapples with an impending recession, war and inflation, the Reserve Bank of India (RBI) said in its report on the state of the economy.

Copper price at the LME has gained nearly 25% from the October low. On the supply side, various mines especially in Latin American countries, including Chile and Peru, have reported disruption due to protests and strikes.

The ministry of corporate affairs on Wednesday proposed that the adjudicating authority must admit an application filed by a financial creditor, provided it was established that a default was committed and that the other procedural requirement was fulfilled. It has not defined the "other procedural requirement" in the recommendations.

Bidders will have to increase their bids by ₹10 crore in each round with the lowest bids getting eliminated, people familiar with the process said.

Based on surveillance inputs and its internal alert system, Sebi initiated examination of suspected front running by persons associated with certain market experts appearing on a business news channel. The modus-operandi of these entities was that they took positions in stocks just before recommendations were made by their associated market experts on the channel.

JP Morgan, in a research report, said, "We forecast most of the quarter-on-quarter earnings growth to be driven by O2C, as the SEZ export tax removal benefits O2C and E&P segments as the higher prices flow through from October onwards. We expect retail and digital to report muted sequential earnings growth."

The stock closed at Rs 122 on January 18, 2022. As long as the stock stays above this levels, the upside could extend towards Rs 130-140 levels, suggest experts.

Under the new terms, the royalty is set to increase 80 basis points (0.8 percentage points) in a staggered way from 2.65% of revenue to 3.45% over a period of three years. Considering the consolidated revenue of 2021-22, an 80 bps increase in royalty on ₹51,400 crore translates to around ₹400 crore. This, compared to the net profit of ₹9,000 crore, is not an insignificant amount.

Softening of prices of some commodities led to an increase in profitability, with operating margins increasing both sequentially as well as year-on-year. At 18.7%, the operating margin was 50 bps higher than the year-ago level.

"Improvement in core performance as well as clarity on extension of CEO tenure will be key re-rating triggers for stock valuations," Jefferies said in a client note. Brokerage Avendus Spark is the most bullish. Its target price translates into a 37% upside from the current levels.

Based on surveillance inputs and its internal alert system, Sebi initiated examination of suspected front running by persons associated with certain market experts appearing on a business news channel. The modus-operandi of these entities was that they took positions in stocks just before recommendations were made by their associated market experts on the channel.

At 9:56 a.m. ET, the Dow Jones Industrial Average was down 206.48 points, or 0.62%, at 33,090.48, the S&P 500 was down 26.08 points, or 0.66%, at 3,902.78

"Tata Steel has overall indicated a gradual rise with series of higher bottom formation pattern on the daily chart to imply strength and is also on the verge of a trendline breakout above Rs 120 levels," Vaishali Parekh, Vice President - Technical Research, Prabhudas Lilladher Pvt. Ltd, said.

I am not endorsing 4.5%, but what you may have noticed in December is that we did not include the comment that we made in November about the market being in our view rather out of line," he said in an interview on the Western Mail's Business Live website.

Copper price at the LME has gained nearly 25% from the October low. On the supply side, various mines especially in Latin American countries, including Chile and Peru, have reported disruption due to protests and strikes.

Those differences increase the risk that the government could default on its obligations for political reasons. That could rattle financial markets and plunge the world's largest economy into a wholly preventable recession.Biden and McCarthy, R-Calif., have several months to reach agreement as the Treasury Department imposes "extraordinary measures" to keep the government operating until at least June.

Equity benchmark indices ended Thursday’s session in the red after weak economic data in the US stoked global recession worries. At the close, Nifty ended 0.32% lower at 18,108, while Sensex shed 0.31% to settle at 60,858. Barring Nifty IT and Nifty PSU Bank all other sectoral indices closed in the red.“The overall structure shows that this is only a pause and is expected to be followed by the next leg on the upside. From a short-term perspective, any dip towards 18,050-18,000 can be taken as a fresh buying opportunity. Over the next few sessions, Nifty is expected to surpass the key hurdle zone of 18,260-18,300 and head towards 18,500,” Gaurav Ratnaparkhi, Head of Technical Research, Sharekhan by BNP Paribas, said.Here are stock recommendations for Friday:

Benchmark index Sensex closed down 187 points to 60,858 on Thursday. During this fall, seven stocks from the BSE healthcare index slipped to touch their new 52-week lows.The 52-week low is the lowest price a stock has traded during the last one year. Some traders and investors use this technical indicator as an important factor to analyse a stock’s current value and to predict its future price movement.

The Dow Jones Industrial Average fell 125.61 points, or 0.38%, at the open to 33,171.35

Concert's lead candidate, deuruxolitinib, is being evaluated as a treatment for autoimmune condition alopecia areata, which results in patchy hair loss

This is the first such hike undertaken by the parent firm after 10 years. The prior agreement with the parent for technology, trademark licence and central services was entered into in January 2013 for a period of 10 years

During the pandemic period, we also did another excellent job, that is distributing foodgrain also, rather than just distributing cash. That helped us contain inflation," the SBI chairman said.Khara said that his and other banks have created a robust system of digital banking that help people get access to their banking needs in real time

The BSE Sensex index ended 187 points or 0.31% lower at 60,858, while Nifty50 fell 57 points or 0.32% to settle at 17,108

The majority shareholding of the company is with the public at about 51.80%, while promoters own the remaining 48%.On Thursday, Venus Pipes was marginally down in afternoon deals at Rs 722.95..So far this year, the stock has been trading higher marginally. It has given multibagger returns to investors in the last six months, offering about 103%, while the same has risen 104% in the last one year.

Fear gauge index India VIX was down by 2.85% from 14.37 to 13.96 levels. Volatility cooled down from higher zones and paved the way for the bulls at declines. Now it needs to sustain below 14 for stability to resume the uptrend.

The OIS market is seen as the clearest indicator of future policy action by market participants. A wider move in five-year swaps highlights the expectation of dovish actions in the medium term while the one-year swap rate stays elevated.

Also, a meeting of the bank’s board of directors will be held on Tuesday, January 24, 2023, to consider, approve and take on record its financial results for the quarter and nine months ended December 31, 2022, the bank said in a BSE filing

Closing Bell: Sensex snaps 2-day winning streak, ends 187 pts lower; Nifty holds 18,100; Vedanta jumps 3%, Adani Green tanks 7%

The consensus estimate for the stock is "hold". JK Tyre has an average target price of Rs 177.67, which represents a downside of -2.06% from the current levels. On Thursday, the scrip was down about 0.38% to last trade at Rs 181.40 on the NSE.

The Securities and Exchange Board of India (SEBI) is probing whether investments by the fund, known at the time as Reliance Mutual Fund, in perpetual bonds of Yes Bank were made as part of a deal whereby in return the lender invested in securities of Anil Ambani group companies, said two sources with direct knowledge of the matter. The sources declined to be named as the investigation is confidential.

India’s valuation premium to Asian peers has come off the peak but remains well above historical average. “Since 2015, as interest rates moderated, we have seen a large P/E expansion in the Indian market and we think some more time correction is likely.

The company was originally incorporated as “Gautam Gems Private Limited” on February 18, 2014. It has been principally incorporated as a manufacturer and trader of rough and polished diamonds. It sells diamonds of multiple categories, shapes, cut, sizes and colors.

Companies announce stock split to increase the stock's liquidity in the market. On the ex-split date, investors holding the stock until the record date will receive the new shares in Demat accounts, and the stock price will be adjusted according to the split ratio.

HSBC sees competition from Swiggy and slowing industry growth to further restrict profitability gains for Zomato in 2023. It said growth acceleration remains more critical now than anytime and all eyes should be on 2023 industry growth.Contrary to expectations, the global brokerage believes Blinkit business will continue to contribute more to Zomato's valuation in 2023

The main monitorable on that front would be the Fed pivot. Covid19 which was a part of almost all conversations in the early part of last year, is again being talked about as reviving, but hopefully doesn’t look that ominous and hence unlikely to cause serious havoc. From an India standpoint, 2023 would also be the year where we could witness few long stuck structural reforms as it’s the last year before the big 2024 General Elections. The Make in India and Atmanirbhar campaigns could see a further push.

While raw material prices have since corrected and Relaxo has passed on the same to consumers, it will be an uphill task for Relaxo to recover the space ceded to competitors," Mukherjea said, adding that Relaxo has also been stepping up its focus on designs, the traction in the shoe market has so far been slow

As a fund house, we always look for sustainable and longer-term growth and it is in this spirit that I opine that the time has come for the industry to participate in broader themes that India needs to focus on through systemic interventions rather than just ask for measures to popularise and incentivise mutual fund participation.

The real estate sector plays a crucial role in driving economic growth. It not only accounts for around 7% of the annual GDP but also provides employment for over 50 million people.

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.

The FPO, which will help the conglomerate fund capital expenditure requirements of subsidiaries in green hydrogen, airport facilities and greenfield expressway, will lead to the promoter's shareholding going down by around 3.5% and increase the free float of the multibagger stock.

From an hospital major which has outperformed its sectoral counterparts to India’s best known tech name to an housing finance company with a track record of having lowest NPA for decades. These companies have shown and improvement in their score at time when analysts are revisiting their estimate as global macro once again are witnessing a reset. 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.

Tata Technologies is looking at raising Rs 4000 cr through IPO, as per sources. Tata Motors, which holds 74.42% in the company, and other stakeholders to offer their stake in the proposed IPO. ET NOW's Anurag Joshi is here with the details.

The strong yen of the past several months will also weigh in earnings announcements as the reporting season gets going towards the end of next week, increasing downside risks for stocks, Ikeda added.

In earning seasons equity markets tend to be volatile. Especially at the time when large companies are announcing their quarterly results, volatility quotient tends to see a spike. It is no different this time and given the valuation street is punishing stocks which are missing analyst estimates. At the same time there are stocks, where analysts are positive and projected returns are high. 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". This predefined screener is only available to ET Prime users.

The consensus recommendation for the IT firm is a hold. Out of the 26 analysts covering the stock, 17 analysts have strong buy and buy ratings, while only four have strong sell and sell ratings and the remaining five have hold ratings.