L&T, HUL and Marico among 8 stocks that may deliver strong returns in short term - almost 2 years ago
Domestic equity markets have been in corrective mode lately as the benchmark indices have seen a sharp profit booking in the last few sessions, keeping traders on tenterhooks. However, brokerage firms see enough money-making opportunities in a number of stocks. Based on their recommendations, here are some top picks from brokerage firms where traders can initiate buying for short-term gains:
Economic Times

2023 to be a story of 2 halves; time to patiently wait for real “sale” in markets - almost 2 years ago
Which brings the focus to flows. FIIs have sold close to $20 billion in CY22 but were buyers for four of the past five months. In comparison, equity fund flows into mutual funds (including ETF) have topped $45 billion, a massive increase over previous years, save for a nuance. Non-SIP flow in mutual funds has been negative for four of the past five months.
Economic Times

Up 175% in 4 months! This multibagger stock announces stock split - almost 2 years ago
The company board has approved sub-division of equity shares in a 1:5 ratio. This means that every share with a face value of Rs 10 each will be divided into five equity shares of a face value of Rs 2 each.
Economic Times

BGR Energy hits 20% upper circuit on bagging Rs 330 crore order from IOC - almost 2 years ago
This order is for civil and structural works at the Panipat Refinery Project complex. The company has secured orders from Indian Oil for the construction of civil and structural works in Panipat, Haryana, the filing further added.
Economic Times

Paytm shares rise 3% ahead of buyback proposal - almost 2 years ago
Given the net worth of Rs 13,564 crore, the maximum buyback of Paytm from the tender route can be Rs 3,391 crore and the maximum buyback through the open market can be Rs 2,035 crore. If Paytm wants to avoid a special resolution, it will have to do a buyback of less than 10% of net worth, which comes close to Rs 1,356 crore, according to a report by ET Now.
Economic Times

Dalmia Bharat falls over 5% after acquisition of Jaypee’s cement assets - almost 2 years ago
Following the development, brokerage firm Jefferies said, "If the acquisition fructifies, it will enable Dalmia to expand its footprint into the Central Region and add one more region to its vision of emerging as a pan India cement player. Deal timelines, additional required capex, limestone reserves are key for the company.”
Economic Times

Landmark Cars IPO opens today; here's what company has to say - almost 2 years ago
The Rs 552-crore initial public offering (IPO) of Landmark Cars kicked off for subscription on Tuesday, December 13. Investors can subscribe to the issue in the range of Rs 481-506 apiece till Thursday, December 15. Here's what company's top management had to say. Listen in.
Economic Times

Rs 3,200 crore-bet! Mutual funds applied for all 8 IPOs in November - almost 2 years ago
Mutual funds owning shares of Medanta chain of hospitals operator Global Health includes Axis Mutual Fund, Franklin Templeton, Kotak, Motilal Oswal and HDFC AMC. Shares of the hospital stock are trading higher by over 34% from its IPO issue price of Rs 336.
Economic Times

5 smallcaps with 'Strong Buy' & 2 with 'Buy' ratings can rise up to 39% - almost 2 years ago
As Nifty makes new highs, market breadth in the small cap segment has improved in the last couple of months. Selective small caps are also getting attention in the market. 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

Large cap stocks including 3 new-age companies and a health insurance major having an upside potential of over 25% - almost 2 years ago
Select large cap stocks in some sectors have gained attention in the markets once again. Some of them have witnessed a spike after a long period of consolidation. 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". The screener applies different algorithms for all BSE and NSE stocks. This predefined screener is only available to ET Prime users.
Economic Times

5 midcap stocks from with upside potential of up to 30% - almost 2 years ago
Midcap pharma stock to an entertainment company are among mid-cap stocks which have seen their scores moving up and also market sentiment moving in tandem in terms of price inching upward. 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.
Economic Times

The risks of poor governance to investors in India - almost 2 years ago
For instance, inheritance within the family to the male members may allow the business to pass from one generation to the next but also create governance issues if there are other shareholders.
Economic Times

Tycoon Birla is said to weigh selling insurance brokerage unit - almost 2 years ago
The sale is part of Aditya Birla Capital Chief Executive Officer Vishakha Mulye’s efforts to restructure the company’s businesses, which range from asset management to mortgage financing, in order to boost shareholder returns, the people said.
Economic Times

Paytm’s surprise share buyback plan is drawing skepticism - almost 2 years ago
The board of One 97 Communications Ltd., the listed-entity that runs Paytm, will decide on the buyback on Tuesday. The move comes as the stock has plunged about 75% since its listing last November to emerge as the world’s worst-performing large initial public offering in a decade. The slump also prompted a unit of Japan’s SoftBank Group Corp. — a key backer — to trim its holding.
Economic Times

Chart Check: 17% returns in a month? Breakout from inverse head & shoulder pattern makes Rallis India an attractive buy - almost 2 years ago
Short-term traders who missed the bounce can look at buying the stock now or on dips for a target of Rs 285 in the next 3-4 weeks, suggest experts.The stock rallied from Rs 225 recorded on November 11, 2022, to Rs 264 as on December 12 which translates into an upside of over 17%.
Economic Times

Sensex rises over 100 points, Nifty above 18,500; JP Associates gains 5% - almost 2 years ago
Sensex rises over 100 pts, Nifty above 18,500; JP Associates gains 5%, Yes Bank 4%; Most active stocks: YES Bank, PNB, Voda Idea.
Economic Times

Sensex gains 150 points as India's retail inflation eases; Nifty above 18,500 - almost 2 years ago
“The two macroeconomic data which came yesterday have significant implications for the market. The CPI inflation for November at 5.88 % is below the RBI’s upper tolerance limit. This is good news. But the bad news is that the Index of Industrial Production (IIP) shows a contraction of 4 % in October,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.
Economic Times

Hot Stocks: Global brokerages view on Siemens, Dalmia Bharat and Colgate Palmolive - almost 2 years ago
JP Morgan maintained its overweight rating on Dalmia Bharat with a target price of Rs 1845. Proposed acquisition at attractive valuations which will give Dalmia a pan-India footprint, it said.
Economic Times

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