Breakout picks! Tata Investment Corp among 10 stocks to track this week - almost 2 years ago
Nifty has declined nearly 0.8% in the last week, however, 10 stocks crossed their previous week's high value at the close on January 13. This suggests bullishness in counters, according to stockedge.com's weekly breakout scans data. Here's a list of 10 stocks to track this week:
Economic Times

Market outlook: Earnings, macro data among 6 factors to drive D-Street this week - almost 2 years ago
We still think that the RBI would not turn too restrictive. But we reckon the situation is fluid and the extent of global disruption and disinflation will remain key to the RBI’s reaction function ahead,” economist Madhavi Arora at Emkay Global Financial Services said.
Economic Times

Budget 2023: 7 reforms for stock markets which investors want from Finance Minister - almost 2 years ago
The GST on all medical services should be scrapped and a compulsory discount on medicine should be implemented where such medicines have to be bought in hospitals, as well as limiting the MRP of medicines to no more than twice the price at which the company sells them to distributors.
Economic Times

Weekly Top Picks: 6 stocks with consistent score improvement and upside potential of up to 45% - almost 2 years ago
Even as NIFTY gets into correction mode once again, there are some pockets where stocks have seen an improvement in their analyst scores. The selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Economic Times

CAD, Green Hydrogen & growth are top 3 objectives of FM in Budget 2023: Anita Gandhi - almost 2 years ago
This will lead to weaker exports for some more time. India’s CAD rose to 9 years’ high of 4.4% of GDP in the quarter ending September 2022 from 2.2 % in the preceding quarter
Economic Times

Learn With ETMarkets: How over diversification affects your portfolio? - almost 2 years ago
Moreover, adding too many stocks can be tedious as you won’t be able to keep a check on each company’s quarterly reports, annual reports, balance sheets, and other financials.
Economic Times

4 quasi FMCG stocks with 'strong buy' & 'buy' recommendations & upside potential of up to 36% - almost 2 years ago
Normally, HUL, Nestle, Dabur are names which are associated with the FMCG sector. We look at different sectors which may not come to mind when someone mentions the FMCG sector but given the nature of their business, product and earnings trajectory they are as good as FMCG stocks only. ET screener powered by Refinitiv’s Stock Report Plus lists down stocks from the different sectors with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy".
Economic Times

ETFs record inflows of Rs 80,000 cr in 2022! How frequent switch trades could kill alpha - almost 2 years ago
Since most index funds are under the largecap category, it can be derived that higher inflows to index funds are occurring at the cost of lower inflows and outflows to actively managed large-cap funds.
Economic Times

10 stocks that mutual funds favoured and sold ahead of Q3 results - almost 2 years ago
In December 2022, mutual funds poured Rs 14,700 crore into the Indian secondary market, at a time when FIIs sold Rs 6,300 crore. Key additions by MFs in December were in HDFC, Reliance Industries and Maruti Suzuki, whereas they trimmed holdings in Axis Bank and ICICI Bank. Here is a list of stocks that mutual funds bought and sold ahead of Q3 results, according to a report by Nuvama Institutional Equities:
Economic Times

Brokerages retain positive view on Infosys amid headwinds - almost 2 years ago
Net open interest, the total number of outstanding positions, in Infosys' stock futures declined as much as 7%, or by roughly 28.6 lakh contracts, in the previous two sessions indicating squaring-off of bearish bets, showed provisional data from stock exchanges.
Economic Times

These 28 smallcaps steal limelight, give double-digit weekly returns - almost 2 years ago
Similarly in the US, consumer price inflation in December had fallen for the first time since May 2020. Buoyed by these encouraging data points, indices on Friday ended in the green, which helped them clock marginal gains for the week.
Economic Times

Mind Over Money: Patience is the most important resolution which traders should make in 2023 - almost 2 years ago
“Patience while allocating new capital or fresh money. So don’t get bogged down by FOMO (fear of missing out), and jump into the market, wait for the right opportunity, get the right price, if you are incrementally allocating capital and don’t stop your SIPs,” Jimeet Modi, Founder & CEO of Samco Group, said.
Economic Times

How the Fed Reserve should talk about inflation - almost 2 years ago
It's good news, but it complicates one crucial aspect of the Fed's job as the gap between what the central bank says it will do and what financial markets think it will do threatens to get wider
Economic Times

Brokerages Retain Positive View on Infosys Amid Headwinds - almost 2 years ago
Net open interest, the total number of outstanding positions, in Infosys' stock futures declined as much as 7%, or by roughly 28.6 lakh contracts, in the previous two sessions indicating squaring-off of bearish bets, showed provisional data from stock exchanges.
Economic Times

Wall St slips as remarks from bank executives fan growth fears - almost 2 years ago
At 10:07 a.m. ET, the Dow Jones Industrial Average was down 43.22 points, or 0.13%, at 34,146.75, the S&P 500 was down 15.71 points, or 0.39%, at 3,967.46, and the Nasdaq Composite was down 33.05 points, or 0.30%, at 10,968.06
Economic Times

Wipro shows strong deal traction in Q3 amid lower revenue growth - almost 2 years ago
Given the macroeconomic headwinds in the Western economies, the medium term scenario looks challenging for the company and for the sector
Economic Times

Apax Partners sells 4.3% stake in Shriram Finance, 4 global funds pick up stake - almost 2 years ago
The private equity firm sold 1,59,93,734 shares on the BSE at Rs 1,300 apiece, aggregating to Rs 2,079 crore, bulk deals data showed
Economic Times

These 4 Commodity stocks record their new 52-week highs, gained up to 40% in a month - almost 2 years ago
The benchmark index Sensex bounces back after falling for three consecutive sessions. The index surged about 300 points to close at 60,261 on Friday. During this rally, 4 stocks from the BSE commodities index managed to record their 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

These 4 commodity stocks record their new 52-week highs, gained up to 40% in a month - almost 2 years ago
The benchmark index Sensex bounces back after falling for three consecutive sessions. The index surged about 300 points to close at 60,261 on Friday. During this rally, 4 stocks from the BSE commodities index managed to record their 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

NSE cautions investors against trading tips given by unregistered investment advisers - almost 2 years ago
Cautioning investors, NSE asked investors not to trade in the securities markets based on the tips or recommendations provided by unregistered investment advisers or portfolio managers. Investors should not get lured by such trading tips and stock-specific recommendations.
Economic Times

Dynasty Acquisition pares 2.14 pc stake in Shriram Finance for Rs 1,040 cr - almost 2 years ago
Dynasty Acquisition (FPI) offloaded a total of 79,96,867 shares in eight transactions, amounting to a 2.14 per cent stake in the company, according to the block deal data available with the BSE.
Economic Times

US stocks open lower after bank results - almost 2 years ago
The Dow Jones Industrial Average fell by 257.18 points, or 0.75%, at the open to 33932.79.
Economic Times

Wall Street banks stockpile funds for possible recession, show resilience - almost 2 years ago
"The U.S. economy currently remains strong with consumers still spending excess cash and businesses healthy," said Chief Executive Officer Jamie Dimon, although he said he didn't yet know "the ultimate effect of the headwinds coming." The bank flagged a modest deterioration in its macroeconomic outlook, "reflecting a mild recession in the central case".
Economic Times

Sebi mulls allowing private equity funds to become sponsor of mutual fund - almost 2 years ago
The capital contributed to the AMC should be locked-in for a period of 5 years. Further, the minimum sponsor stake of 40 per cent should also be locked in within the same period of five years.Apart from meeting alternate eligibility routes, the regulator has suggested additional criteria as well as safeguards that would be applicable for PEs to qualify as a mutual fund sponsor.
Economic Times

D-Mart Q3 Preview: Sales likely to grow 25% YoY, margins to remain under pressure - almost 2 years ago
“The performance is a tad weaker than expectations as the estimated revenue per sq. ft of Rs 36,000 is softer than revenues of Rs 40,000 generated in the past third quarters,” Kotak Institutional Equities said based on the provisional update shared by the company.
Economic Times

These 4 commodities stocks record their new 52-week highs, gained up to 40% in a month - almost 2 years ago
The benchmark index Sensex bounces back after falling for three consecutive sessions. The index surged about 300 points to close at 60,261 on Friday. During this rally, 4 stocks from the BSE commodities index managed to record their 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

Gainers and Losers: L&T among 7 stocks that hogged limelight today - almost 2 years ago
Indian indices gained in Friday’s session inspired by upbeat risk appetite after US inflation print came within market expectations and on a weaker dollar. At the close, Nifty ended with gains of 98 points at 17,957 , while Sensex ended 303 points higher at 60,261. In a week’s time, Nifty has gained by a marginal 0.54%. Infosys, Eicher Motors, IndusInd Bank, Adani Enterprises and HUL led the list of Nifty gainers, while Titan, Apollo Hospital and Larsen and Toubro were the top laggards in the Nifty pack.Here are the stocks that gained focus in Friday’s trade:
Economic Times

Tech View: Doji candle on Nifty weekly charts shows tug-of-war. What traders should do next week - almost 2 years ago
For the last few weeks, the index is trading above the 20-WMA, which has resulted in a triangle pattern formation on the daily chart. After a recent base formation near the lower end of the pattern, Nifty witnessed smart recovery on January 13. Going ahead, 18,000-18,050 will be the key area beyond which the index will be set for a larger up move. On the downside, 17,800 will continue to provide cushion for the index.
Economic Times

Wipro announces interim dividend of Re 1 for FY23; Jan 25 record date - almost 2 years ago
“Payment of interim dividend of Rs. 1/- per equity share of par value Rs. 2/- each to the Members of the Company as on January 25, 2023, being the Record Date. The payment of Interim Dividend will be made on or before February 10, 2023,” said the company in an exchange filing.
Economic Times

Indices bounce back after 3-day fall led by IT, banking & financial stocks - almost 2 years ago
The BSE Sensex ended 303 points or 0.51% higher at 60,261, while Nifty50 rose 98 points or 0.55% to settle at 17,957
Economic Times

Wipro attrition rate moderates for 4th quarter to 21.2% - almost 2 years ago
Voluntary attrition moderated 180 bps from the previous quarter, landing at 21.2% for the trailing 12 months for the quarter," Wipro said in its earnings release. This was the fourth quarter where the attrition rate has moderated
Economic Times

Mutual funds added these 10 new stocks in December; do you own any? - almost 2 years ago
In today’s Mutual Fund analysis, we screened the stocks that were newly added by fund houses in the month of December as compared to the previous month. We found 10 such stocks, five of them are newly listed companies on the bourses while the remaining have shown good performance in FY23 so far. Data shows that the total market value of these 10 stocks stood at Rs 950 crore as of December 2022 (Data Source: ACE MF).Take a look number of MFs schemes that have invested in these stocks:
Economic Times

Sensex snaps 3-day losing streak, jumps 303 points; Nifty ends at 17,956 - almost 2 years ago
Closing Bell: Sensex snaps 3-day losing streak, jumps 303 points; Nifty ends at 17,956; Eicher Motors, Tata Steel up 2% each
Economic Times

Rekha Jhunjhunwala adds stake in this Tata group multibagger in Q3 - almost 2 years ago
This amounts to a 0.18% increase in holding by the investor as in the previous quarter, she held a 1.61% stake or 45,75,687 equity shares in the cellular and fixed-line services provider.The latest corporate shareholdings filed suggest that Rekha Jhunjhunwala publicly holds 20 stocks with an estimated net worth of over Rs 12,171.6 crore.
Economic Times

L&T Tech shares tumble over 6%. Here's why - almost 2 years ago
The company has signed an agreement with parent Larsen & Toubro to acquire its Smart World & Communication business for Rs 800 crore
Economic Times

European equities climb at open - almost 2 years ago
Asian markets mostly rose again Friday after data showing another slowdown in US inflation fuelled bets the Federal Reserve will take a softer approach to its monetary tightening campaign.
Economic Times

Rs 15,000 crore gone in fortnight! Jefferies' Chris Wood decodes FII selloff - almost 2 years ago
"Foreigners have begun the year selling, presumably to fund purchases in China triggered by the mother of all U-turns," Wood wrote in his GREED & fear note, adding that high valuations remain the challenge.
Economic Times

Jet Airways stock zooms 5% after NCLT decision - almost 2 years ago
NCLT had set November 16, 2022, as an effective date for the company to pay dues to various creditors. In October 2020, the airline's committee of creditors (CoC) approved the revival plan submitted by the consortium of Dubai-based Murari Lal Jalan and the UK's Kalrock Capital.
Economic Times

Multibagger PSU stock rises over 13% in 3 days after multiple order wins - almost 2 years ago
As per Trendlyne data, the highest target price for the stock goes up to Rs 80, while the average target price estimate is Rs 61, which shows a downside of 21% from the current market prices. The consensus recommendation from 2 analysts for Rail Vikas Nigam is a strong buy.
Economic Times

Earnings Tracker: 5 Nifty50 companies can post over 40% profit fall in Q3 - almost 2 years ago
As for Hindalco, most brokerages expect the profit decline to by 30-40%. MOSL pegs reported PAT for the company in Q3 at Rs 2,100 crore, down 31.4%. Meanwhile, KIE pegs the same at Rs 1961.9 crore (down 46.4%) and ICICI Securities at Rs 1,842.5 crore (down 49.9%).
Economic Times

Cyient shares rise 4% after Q3 results - almost 2 years ago
Cyient's consolidated revenue for the December quarter of FY23 stood at Rs 1,618 crore with QoQ growth of 15.9% and YoY growth of 36.7%. The consolidated revenue for the December quarter of FY22 was Rs 1,183 crore.
Economic Times

6 mid & smallcaps with “Strong Buy” recommendations & upside potential of up to 38% - almost 2 years ago
Mid and Small caps are the first ones to bear the brunt when the market corrects and that is what is happening in stock markets for the last few days. However, if one takes care in terms of looking at their debt levels and other financial parameters while picking the stocks, risks come down significantly. 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

Have HCL Tech in your portfolio? Here's what investors should do post Q3 results - almost 2 years ago
In view of strong deal wins, strong revenue guidance and a healthy margin outlook, it has maintained a buy rating on the sock with a revised target price of Rs 1,210, valuing the stock at an unrevised P/E multiple of 17x FY25E earnings.
Economic Times

From BAAP to SAAP! Why investors are dumping high PE stocks - almost 2 years ago
"Those who do not understand valuation metrics keep on buying even at high PE levels thinking that PE expansion will continue further. But the consolidation phase can be long, which means that the PE level will compress," said Kranthi Bathini, equity market strategist at WealthMills Securities.
Economic Times

31 stocks hit all-time lows in 2022, can they see sunshine anytime soon? - almost 2 years ago
The other stocks that hit all-time highs in 2022 include names such as Rainbow Children's Medicare, Restaurant Brands Asia, Motherson Sumi Wiring, Go Fashion (India), Vedant Fashions, and Adani Wilmar Ltd.
Economic Times

Hot Stocks: Brokerages on Maruti Suzuki, Infosys, HCL Technologies and SBI Life - almost 2 years ago
Morgan Stanley maintained its overweight stance on Maruti Suzuki with a target of Rs 10,483. The global investment bank believes that the share price will rise relative to the country index over the next 30 days.
Economic Times

Infosys Q3 results: Should investors buy, sell or hold the stock? - almost 2 years ago
The global firm has maintained an overweight stance on Infosys citing the resilience in revenue growth, good momentum in new large deal wins and strong execution on revenue growth.
Economic Times

L&T Tech to acquire SWC business of parent firm for Rs 800 cr - almost 2 years ago
IT company L&T Technology Services will acquire the Smart World & Communication (SWC) Business of its parent firm Larsen & Toubro Limited in an all-cash deal worth Rs 800 crore. Smart World & Communication (SWC) was founded in 2016 to cater to the demands in smart cities, address opportunities and provide smart solutions in the areas of end-to-end communications, city surveillance and intelligent traffic management system for the Government as well as enterprises.
Economic Times

PNC Infratech is best stock to play road development space in 2023, says Ronald Siyoni - almost 2 years ago
"We believe that PNC Infratech is one of the best pick in the road development sector because of its strong execution capabilities, healthy balance sheet, robust order book, and prudent capital management. Hence, we have a Buy rating on the stock with a price target of Rs. 360," Ronald Siyoni - Associate Vice President – Sharekhan, said.
Economic Times

Sensex defies global cues to fall 300 points. Are FIIs playing spoilsport? - almost 2 years ago
“Positive global cues include moderating inflation levels in both India and the US. The US bond market too is signalling that the Federal Reserve could indeed be near the end of its rate-hiking campaign. The only negative catalyst which can haunt the market is FIIs relentless selling, as they have already sold to the tune of Rs 14997 crore,” Prashanth Tapse, Senior VP (Research) at Mehta Equities said.
Economic Times