Fundamental Radar: Why Lemon Tree is a long-term buy at current levels, says Sneha Poddar - almost 2 years ago
“We expect Lemon Tree to deliver a revenue/EBITDA CAGR of 59%/97% over FY22-24 and RoE to improve to 13% by FY24. We are positive on the stock with a target of Rs 110,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.
Economic Times

Can stocks of India’s Maharatna cos bring ‘mahalaxmi’ to D-Street investors in 2023? - almost 2 years ago
Some experts believe that stocks in this space are up for big gains in 2023 in the run-up to the Union Budget for 2023-24 (April-March) in February. This would be the last one ahead of the general elections in 2024, and experts are eyeing a growth-oriented budget from the incumbent government to give further impetus to capital investments.
Economic Times

Buy or Sell: Stock ideas by experts for December 13, 2022 - almost 2 years ago
ET Now spoke to various experts and here's what they have to recommend for today's trading session. Jay Thakkar has a buy/sell recommendation on HDFC Bank and AU Small Finance while Kunal Bothra has a buy/sell recommendation on IRB Infra and PFC for today's trading session. Check out the targets and stop-loss.
Economic Times

Stocks to buy today: 4 short-term trading ideas by experts for 13 December 2022 - almost 2 years ago
We have collated stocks from various experts for traders who have a short-term trading horizon.
Economic Times

Zomato, Delhivery, PB Fintech among MFs’ top purchases in Nov; are the tables turning? - almost 2 years ago
We are comfortable owning businesses where we could see a reasonable path to profitability and make sense from a capital efficiency standpoint. This has led us to avoid investment in some of the new age companies,said Vinit Sambre, head of equities at DSP Mutual Fund.
Economic Times

Paytm board to weigh buyback today after historic slump - almost 2 years ago
Paytm’s board is meeting Tuesday to consider a share buyback after the Indian fintech company’s stock lost three-quarters of its value since its 2021 initial public offering. Directors of Paytm, officially known as One 97 Communications Ltd., are set to decide on the number of shares the company will potentially repurchase and at what price.
Economic Times

Fundamental Radar: 5 reasons why Lemon Tree could give 20% upside in next 1 year - almost 2 years ago
Demand from corporate travel remains robust and it continues to be the highest contributor to room nights sold. The contribution of the retail segment has also grown significantly. Going ahead, the management sees a significant improvement in consumer sentiment and expects Leisure and corporate travel to continue gaining traction.
Economic Times

SBI, Airtel, RIL & 5 other stocks to accumulate in 2023 - almost 2 years ago
With Nifty having risen 5% in the calendar year 2022, HDFC Securities has a cautious outlook on the index. “We believe, there is a downside risk to FY24 consensus earnings and a very limited scope of valuation upside. This will keep the upside for the index capped and at the best, it will move in line with the earnings growth,” HDFC Securities said.The brokerage recommends investors to accumulate these 8 stocks:
Economic Times

Jindal Steel & Power: Short-term sideways to bullish - almost 2 years ago
Jindal Steel & Power’s daily trend is bullish, however, in the last few trading sessions, it is showing weaknesses and shown some correction. Based on option chain analysis, the range is between 500 and 600. This is a wide range. Using the PCR ratio, it is at 0.7. Let’s plan a trade around that.
Economic Times

Corporate Radar: Paytm board meet to mull share buyback & more - almost 2 years ago
The board of Grandma Trading will be announcing its quarterly results. Furthermore, the board of One 97 Communications, the parent company of payments services firm Paytm, will meet to consider and approve share buyback.
Economic Times

Stocks in focus: Exide, KEC International and more - almost 2 years ago
Nifty futures on the Singapore Exchange traded 22.5 points, or 0.12 per cent, higher at 18,620.50, signaling that Dalal Street was headed for a positive start on Tuesday. Here are some stocks which may buzz the most in today's trade.
Economic Times

Trader's Guide: These 2 stocks can rise up to 7%, show tech charts - almost 2 years ago
The Nifty on Monday recovered from the low point below the 18,400 mark in a strong consolidation. As all eyes are now focussed on US Fed panel’s decision, the Indian markets are likely to go into a wait-and-watch mode.
Economic Times

US Fed’s last meeting of 2022 begins today: Which way will Sensex go? - almost 2 years ago
After four consecutive mega-hikes of 75 basis points, the market is expecting Fed Chair Jerome Powell to moderate the pace of hikes to 50 bps amid early signs of moderation in inflation. The outcome of the two-day meeting of the Federal Open Market Committee (FOMC) would be known tomorrow midnight.
Economic Times

Options traders brace for big swings as U.S. CPI data, Fed meeting loom - almost 2 years ago
The S&P 500 has moved an average of around 3% in either direction over the past six CPI releases, including a 5.5% jump on Nov. 10, when inflation data came in weaker than expected. That compares with an average daily move of about 1.2% over the same period.
Economic Times

Big Movers on D-St: What should investors do with VA Tech Wabag, Godfrey Philips and Apollo Hospitals? - almost 2 years ago
The stock bounced after a few days of consolidation and rose to a 52-week high. A rise in volume indicates that major market participants were in favour of the bulls. The key technical indicators are positively poised.
Economic Times

JINDAL STEEL & POWER: Short-term sideways to bullish Sahil Swaroop - almost 2 years ago
Jindal Steel & Power’s daily trend is bullish, however, in the last few trading sessions, it is showing weaknesses and shown some correction. Based on option chain analysis, the range is between 500 and 600. This is a wide range. Using the PCR ratio, it is at 0.7. Let’s plan a trade around that.
Economic Times

US stock market: Wall Street rallies with inflation, Fed on tap - almost 2 years ago
Consumer inflation data will be closely monitored on Tuesday, and is expected to show prices increased by 7.3% in November on an annual basis, slowing from the 7.7% rise in the previous month, while the "core" reading which excludes food and energy is expected to show a 6.1% increase from the 6.3% in the prior month.
Economic Times

Asian stocks rise on optimism ahead of central bank rate decisions - almost 2 years ago
A key focus for traders was U.S. inflation data due out at 1330 GMT on Tuesday, with core CPI expected to slow from 6.3% to 6.1% and headline inflation dropping to 7.3%. Treasury Secretary Janet Yellen struck a cautious note on Sunday in saying she expected a substantial slowdown in 2023 inflation, but that the U.S. economy remained prone to shocks.
Economic Times

SGX Nifty up 20 points; here's what changed for market while you were sleeping - almost 2 years ago
U.S. stock indexes rallied to kick off the trading week on Monday, lifted in part by gains in Microsoft and Pfizer, as investors girded for inflation data on Tuesday and a policy announcement from the Federal Reserve later in the week.
Economic Times

Stocks in the news: Tata Motors, ICICI Bank, HCL Tech, Macrotech, V-Guard and KEC - almost 2 years ago
The homegrown auto major Tata Motors said it would explore the possibility of partial divestment of its holding in subsidiary Tata Technologies Ltd through an initial public offering route.
Economic Times

Skip buyback offer, hold on to Piramal Cap NCDs: Advisers - almost 2 years ago
"It does not make sense to sell this secured AA-rated paper at a discount. Other comparable AA-rated papers in the market would yield between 9-9.5%, while this one yield 10.75%," said Deepak Punjwani, head-debt at GEPL Capital.
Economic Times

Exporters seek fewer loans on signs of slowing global trade - almost 2 years ago
Exports contracted in October after a gap of 19 months. Merchandise exports slipped below the level of $30 billion for the first time in the last 20 months. This marked a contraction of 16% on a sequential basis and a hefty 17% on an annualised basis.
Economic Times

Goldman's top 4 themes to play out in global economy - almost 2 years ago
The slowdown in population growth is a 'good problem' to have, in that global population control is a necessary condition for long-term environmental sustainability, Goldman said.
Economic Times

Institutions vote against Castrol's proposal to amend AoA - almost 2 years ago
According to the voting results published on BSE, 74.58%, including promoters, voted in favour, while 25.42%, including 82.92% of the institutional investors, voted against the resolution. As this was a special resolution, it requires the approval of shareholders holding at least 75% of the total equity.
Economic Times

Pristine Malwa gets court nod for resolution plan of CCD arm - almost 2 years ago
Pristine Malwa proposed a ₹521-crore resolution plan, which includes payment to lenders, employees, and cash in the company. The offer equates to 30% recovery for verified creditors.
Economic Times

Traders add bearish IT bets; stocks could decline 5-6% - almost 2 years ago
Country's largest IT services exporter Tata Consultancy Services declined for the seventh straight day. Provisional data showed a marginal increase in net open interest in December as well as January contracts.
Economic Times

Jaypee Group exits cement, sells biz to Dalmia Bharat - almost 2 years ago
The assets put together have a cement manufacturing capacity of 9.4 million tonnes per annum (MTPA), including clinker capacity of 6.7 million tonnes and thermal power plants of 280 megawatts and are situated in Madhya Pradesh, Uttar Pradesh, and Chhattisgarh.
Economic Times

Stock Radar: Colgate Palmolive breaks out of Symmetrical Triangle pattern; likely to hit fresh 52-week high in 5-6 weeks - almost 2 years ago
The stock with a market capitalisation of more than Rs 4,4000 crore hit a 52-week high of Rs 1,695 on September 2, 2022, but failed to hold on to the momentum
Economic Times

Wall Street steady ahead of inflation data, Fed action - almost 2 years ago
US stocks edged higher in early trading, indicating a cautious start on Wall Street. The Dow Jones Industrial Average rose 0.55%, the S&P 500 gained 0.27%, and the Nasdaq Composite added 0.07%.
Economic Times

Stock Radar: Buy Colgate Palmolive with a target of Rs 1825, says Shitij Gandhi - almost 2 years ago
"At current juncture, Colgate Palmolive has given a fresh breakout above a Symmetrical Triangle pattern and can be seen trading in a rising channel with the formation of the higher high and higher bottom pattern," Shitij Gandhi, Senior Technical Analyst, SMC Global Securities, said.
Economic Times

Sebi issues Rs 14-cr demand notice to Jindal Cotex in GDR manipulation case - almost 2 years ago
In the event of non-payment, it will recover the amount by attaching and selling the movable and immovable properties of the firm.
Economic Times

Morgan Stanley to slash 2022 banker bonuses in Asia by up to half: Report - almost 2 years ago
The scale of the cuts in Asia could be replicated in Morgan Stanley's U.S. and European operations, and would be in contrast with 2021 when its top bankers earned up to 20% more in bonuses globally, said sources
Economic Times

US stocks open higher as investors await CPI data, Fed decision - almost 2 years ago
The Dow Jones Industrial Average rose 43.04 points, or 0.13%, at the open to 33,519.50
Economic Times

Multibagger stock announces 1:5 stock split - almost 2 years ago
Post the announcement, the stock traded with a cut of 4% at around 3:12 pm at Rs 125.35 apiece on the NSE.
Economic Times

Market Trading Guide: Grasim Industries among 4 stock recommendations for Tuesday - almost 2 years ago
Benchmark equity indices ended flat after struggling for direction for much of a volatile session on Monday, as investors braced for local retail inflation data and the US Federal Reserve's monetary policy decision. Nifty ended below 18,500, while broader markets outperformed. Sectorally, Nifty PSU Bank emerged as the outlier, gaining 1.4%.“After showing sharp weakness on Friday, the downside momentum continued on Nifty in the early part of Monday's session, but the market was able to show smart upside recovery from the intraday lows towards the end. After opening on a weak note, the market slipped into further declines soon after the opening,” Nagaraj Shetti, Technical Research Analyst at HDFC Securities, said.Here are 4 stock recommendations for Tuesday:
Economic Times

Tech View: Nifty charts hint hurdle at 18,650. What traders should do on Tuesday - almost 2 years ago
A sustainable up move only above the hurdle of 18,650 levels could confirm an uptrend continuation pattern. Immediate support is placed at 18,350 levels, said Nagaraj Shetti, Technical Research Analyst at HDFC Securities.
Economic Times

Microsoft to buy 4% stake in London Stock Exchange - almost 2 years ago
"It's a long term partnership. In terms of the products we will be building together, I would expect our customers to start to see the benefits of that 18 to 24 months out and we will continue building from there," Schwimmer told Reuters.
Economic Times

Long winter ahead for IT stocks, Tech Mahindra most vulnerable: JM Financial - almost 2 years ago
Wipro is best placed in terms of resilience (least exposure to stressed verticals), expectations (pessimism built in given highest cuts to FY24E USD revenue growth) and valuation comfort (lowest premium to past 5-year median), the brokerage firm said.
Economic Times

These 6 auto stocks surge up to 70% so far in 2022; look strong on SWOT analysis. Do you own any? - almost 2 years ago
The BSE Auto index saw its third good year in the trot after surging about 20% in each of the last two years. In 2022, the index performance is almost 3 times higher than benchmark index Sensex, which gained 7%. As many as 12 of 17 stocks from the BSE Auto Index have given double-digit returns, and from that list, 6 stocks have gained anywhere between 25 and 70% so far in 2022 (Data Source: ACE Equity). Interestingly, all 6 stocks look quite strong on SWOT analysis. Take a look at the key strengths of these stocks, according to Trendlyne.com.
Economic Times

Indices end on a flat note; bank stocks offest heavy IT selling - almost 2 years ago
In the Sensex pack, Asian Paints, Infosys, Titan and Kotak Bank were the top losers, falling about 1-2%. Power Grid, SBI, Bharti Airtel, Sun Pharma, Bajaj Finserv and HUL also closed lower.
Economic Times

Promoters of Macrotech Developers raise Rs 3,547 cr through largest QIP of 2022 - almost 2 years ago
Global investors, including Capital Group, UBS, Abu Dhabi Investment Authority (ADIA), USS, William Blair and Nomura, have picked up over 7.2% stake in the company
Economic Times

Sensex, Nifty end lower after choppy session; LIC rises 4%; Infosys, Titan fall 1% - almost 2 years ago
Closing Bell: Sensex, Nifty end lower after choppy session; LIC rises 4%; Infosys, Titan fall 1%
Economic Times

PMS Tracker: Rich investors made up to 13.5% returns in November - almost 2 years ago
Among star fund managers, Basant Maheshwari's multi-cap fund outperformed with a return of around 6%. Sunil Singhania's small and midcap-focused Abakkus Emerging Opportunities Fund made investors richer by 5.10%, while Devina Mehra's India Super 50 multicap fund returned 3%.
Economic Times

JPMorgan upgrades PNB to overweight, sees 26% upside - almost 2 years ago
However, JPMorgan estimated earnings to remain under pressure in F23/24 as the company catches up on back book provisioning. This keeps the F24 estimate broadly unchanged. However, with limited new stress formation and system growth itself picking up, it sees the further scope of re-rating at PNB, the brokerage said.
Economic Times

Investor network FAAD gets Sebi nod to launch Rs 300 cr fund - almost 2 years ago
There is a new wave of Angels, HNIs and VCs who believe deeply in the value addition that technology-led innovation can bring to society and are always on the lookout to back entrepreneurs who can lead the disruption, FAAD Co-founder and Director Karan Verma said.
Economic Times

Chart Check: Dabur India hits fresh 52-week high in December; time to buy, sell or hold? - almost 2 years ago
The personal care maker hit a 52-week high of Rs 610 on 7 December 2022. It witnessed some profit taking but experts feel that technical setup suggests the next target is placed around Rs 660 level.The stock has breached a tiny falling trendline and immediate hurdle indicating a resumption of positive movement on the monthly charts.
Economic Times

Learn with ETMarkets: The difference between bonus shares & stock split - almost 2 years ago
Bonus shares are additional shares issued by the company to the existing shareholders without any cost but require regulatory and shareholders’ approval. The company that is low on cash but wants to provide benefits to the shareholders on their investment, hence, they issue bonus shares.
Economic Times

Is Uniparts India's flat listing a buying opportunity for you? - almost 2 years ago
However, the weakness in the broader market spilled on the shares of Unipart India too and the counter saw some more selloff post listing at Dalal Street. It dropped over 6% to Rs 539 on BSE.
Economic Times

After a 60% rally from its 52-week low, Kotak sees more upside in this stock - almost 2 years ago
Traffic levels across key stretches of IRB are holding up quite well, the brokerage said. The EPC arm is better placed than peers on a strong order book despite weak inflows so far from the NHAI, it said.
Economic Times

Japan's Nikkei falls as tech stocks drag ahead of Fed meet - almost 2 years ago
Tech and other so-called growth shares sagged after U.S. producer price data on Friday suggested inflation could prove more persistent than previously thought, ahead of a consumer price report on Tuesday and the Fed policy decision the following day.
Economic Times