This multibagger PSU stock hits 5% upper circuit. Here’s why - almost 2 years ago
As per the 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 an upside potential of 9% from the current market prices. The consensus recommendation from 2 analysts for Rail Vikas Nigam is a strong ‘buy’.
Economic Times

Has Nifty topped out? Don’t forget earnings hold the key to performance - almost 2 years ago
we are still a developing economy that is growing, and since growth and equity performance are fast friends hence the “Accha hi hain” phrase is a good enough response, although it is as terse an answer as one can get
Economic Times

Stocks for 2023: Analysts bet big on this bank that gave index-beating returns for 2 years! - almost 2 years ago
The quality of earnings remained strong for ICICI Bank with a steady improvement in net interest margin, strong double-digit growth in core fee income, and lower credit costs. The strong improvement in domestic consumption has bolstered the lender’s retail loan book.
Economic Times

Nifty, Bank Nifty recapping: 3 bank stocks to see $76 million inflow - almost 2 years ago
Analysis done by Nuvama Alternative & Quantitative Research shows that as a result of the recapping, the cumulative inflows in HDFC Bank would be at around $29 million, $26 million in ICICI Bank, $19 million in IndusInd Bank.
Economic Times

These bank stocks can give 20-40% returns - almost 2 years ago
Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores.
Economic Times

Hot Stocks: Brokerages on DLF, Prestige, Equitas Small Finance and Axis Bank - almost 2 years ago
Property up-cycle is now well entrenched. Listed developers appear well-prepared with deep new launch pipelines. Balance sheets have been significantly repaired which is a positive sign. Additionally, valuations are above mean levels," Morgan Stanley said.
Economic Times

Sensex, Nifty recover from day lows; IT stocks slide - almost 2 years ago
The benchmark BSE Sensex fell 11.34 points, or 0.02%, to 60,916.09, while the broader NSE index lost 21.7 points, or 0.12%, to 18,110.6, on mixed cues from U.S. economic data on growth trajectory, oil prices hovering around a three-week high, and reports of a surge in COVID-19 cases in China.
Economic Times

These 8 IT stocks managed to survive the tech crash. Do you own any? - almost 2 years ago
Amid fears of a recession in the US and Europe and a weakening growth outlook, BSE Information Technology (IT) index fell about 25% in the calendar year 2022. Wipro, Mphasis, Tech Mahindra and LTIMindtree fell over 40% and were the worst performers in the Nifty IT pack in 2022. However, S&P BSE Sensex gained 4% in CY22.Here’s a list of eight IT stocks that managed to survive the tech crash in 2022:
Economic Times

These 5 largecap stocks make it to brokerages’ shopping list for 2023 - almost 2 years ago
Given that the macroeconomic factors remain conducive in India and corporate earnings growth have improved, most brokerages are betting on automobile, banks, industrials, capital goods and engineering, consumer staples, real estate, and telecom sectors in 2023.
Economic Times

Tesla’s 2022 collapse hits 69% after deepest selloff since April - almost 2 years ago
The hope that Tesla will be the leading EV company in a future dominated by electric cars drove a spectacular eight-fold rally in the shares in 2020, earning its place in the S&P 500 and at one point making it the fifth-most valuable stock in the gauge.
Economic Times

Fundamental Radar: Samvardhana Motherson is a top pick for 2023, says Sneha Poddar - almost 2 years ago
“Motherson with its strong linkages to the global auto cycle is well positioned to benefit from OEM production recovery as well as strong content increase. We believe the worst is behind and operating performance should start recovering,” Sneha Poddar, Associate Vice President at Motilal Oswal Financial Services Limited, said.
Economic Times

Trader's Guide: These 2 stocks have 7% upside scope, show tech charts - almost 2 years ago
The markets had a good day, closing with a net gain. Many stocks in the broad market are now seen consolidating in a defined range.
Economic Times

Sensex, Nifty witness profit taking after two-day rally - almost 2 years ago
In the Sensex pack, Tata Steel, Bajaj Finserv and Infosys were the top losers, falling about 1%. TCS, HCL Tech, Wipro, Tech Mahindra and Tata Motors also opened with cuts. On the other hand, Power Grid, NTPC, Titan, IndusInd Bank, M&M and Asian Paints witnessed some gains.
Economic Times

FII Tracker: $68 million a day! 2022 exodus worst in India history - almost 2 years ago
Amid quantitative easing by global central banks in the wake of the Covid-induced financial crisis, Dalal Street was overflowed with helicopter money in 2020 and 2021. Much ahead of the withdrawal of liquidity by the US Fed, FIIs started pulling out funds from Dalal Street in October last year itself and have so far withdrawn the majority of the easy money of Covid days.
Economic Times

Stocks to buy or sell today: 5 short-term trading ideas by experts for 28 December 2022 - almost 2 years ago
Minor Call writing is seen at 18,350 then 18,150 strikes while Put writing is seen at 18,000 then 18,100 strike. “Options data suggests a shift in a higher trading range in between 17,800 to 18,300 zones,” added Taparia.
Economic Times

Big Movers on D-St: What should investors do with Jindal Steel, Tata Steel and FACT? - almost 2 years ago
Stocks that were in focus include names like Jindal Steel & Power which closed with gains of over 9%, Tata Steel which gained nearly 6%, and Fertilizers and Chemicals Travancore which closed with gains of 10% on Tuesday.
Economic Times

Buy or Sell: Stock ideas by experts for December 28, 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 Axis Bank and Hindalco while Kunal Bothra has a buy/sell recommendation on LIC Housing Finance and GCPL for today's trading session. Check out the targets and stoploss.
Economic Times

Tesla shares extend losses on demand worries in China - almost 2 years ago
It has lost more than half its value since the start of October as investors worry that Twitter was taking much of Chief Executive Elon Musk's time while fretting about his stake sale in the electric-car maker.
Economic Times

Corporate Radar: Sikko Industries to trade ex-dividend; Advait Infratech to go ex-bonus and more - almost 2 years ago
Shares of the infra company will trade ex-bonus in the ratio of 1:1. The company on December 19 informed that it has received in-principal approval from BSE in respect of the issue and proposed allotment of bonus equity shares in the ratio of 1:1.
Economic Times

Asian shares fall as investors gauge China reopening policy - almost 2 years ago
China stocks were set to open slightly lower, while the Hong Kong stock market opened 1% higher, encouraged by China's Monday announcement it would stop requiring inbound travellers to go into quarantine starting from Jan. 8.
Economic Times

Stocks in focus: Suryoday Bank, Indostar Capital, HPCL and more - almost 2 years ago
The SGX Nifty 50 December futures is pointing to a slightly negative start for domestic equities on Wednesday. However, trade is expected to be subdued due to lower participation by foreign investors amid year-end holidays. But here are some stocks which are expected to see some action in trade today.
Economic Times

Apple shares hit lowest since June 2021 on iphone supply concerns - almost 2 years ago
Tech fell broadly on Tuesday, with the Nasdaq 100 down 1.5%. The group is facing its worst December performance since the dotcom era as investors expect the Federal Reserve will retain a hawkish stance as it grapples with inflation.
Economic Times

US stock market: S&P 500, Nasdaq close lower, weighed by growth stocks - almost 2 years ago
Shares of Tesla Inc tumbled 11.4%, and the electric car maker was the heaviest drag on the S&P and the Nasdaq after a review by Reuters of an internal schedule revealed the company plans to scale back production at its Shanghai plant.
Economic Times

Stock Radar: This pharma stock records breakout from Rectangle pattern on weekly charts; time to buy? - almost 2 years ago
The pharma stock hit a 52-week high of Rs 487 on January 3, 2022, but failed to hold on to the momentum. It found support near Rs 319 on May 11 from where it staged a smart bounce back
Economic Times

S&P 500, Nasdaq close lower, weighed by growth stocks - almost 2 years ago
Shares of Tesla Inc tumbled 11.4%, and the electric car maker was the heaviest drag on the S&P and the Nasdaq after a review by Reuters of an internal schedule revealed the company plans to scale back production at its Shanghai plant.
Economic Times

Stocks in news: Punjab & Sind Bank, MOIL, IndoStar Capital, Religare Enterprises - almost 2 years ago
Debt-ridden subsidiary Religare Finvest Ltd is hopeful of restarting its business operation in 2023 following the company's proposal of Rs 2,300 crore one time settlement (OTS) finding favour from most of the lenders. Once the OTS process is completed, Religare Finvest will come out of the corrective action plan imposed by the Reserve Bank of India in January 2018 due to its weak financial health.
Economic Times

Market bullish on equities as indices eye new highs - almost 2 years ago
The Nifty closed at 18,132.30 on Tuesday, up 0.65% from the previous close. If the index touches 19,000, it would spell an increase of 4.8%, whereas the 20,000 mark would yield 10.3% returns over Tuesday's closing of 18,132.30.
Economic Times

IBC the best vehicle to recover dues: RBI - almost 2 years ago
RBI argued that since significant value destruction may have already happened in stressed assets, a comparison of realised value with admitted claims may not be a reasonable indicator of the effectiveness of the resolution process.
Economic Times

Frauds fall nearly 50% at banks: RBI Data - almost 2 years ago
“Based on the date of occurrence of frauds, advances-related frauds formed the biggest category prior to 2019-2020,” the RBI said. “In terms of number of frauds, the modus operandi shifted to card or internet based transactions. Additionally, cash frauds are also on the rise.”
Economic Times

How Barclays broke the Wall Street dominance in India - almost 2 years ago
Simultaneously, Barclays was also carving out the healthcare vertical of Hinduja Global Solutions Ltd across four geographies and selling it to Baring PE Asia (BPEA) $1.2 billion, a first of its kind BPO deal
Economic Times

Bank and auto most preferred sectors for investments - almost 2 years ago
Rising interest rates and a fresh bout of Covid-19 infections across the world are biggest risks to equity markets, say poll participants.
Economic Times

Metal stocks ring loud with China easing Covid curbs - almost 2 years ago
The Sensex and Nifty advanced by 0.6% each, their second day of gains after taking a beating last week when they had fallen by 2.7% each. Shares of Jindal Steel gained 9% with cash volumes expanding five times their last one-month average and traders squaring off bearish bets.
Economic Times

Banks, NBFCs must be ready for market risks, tech threats: RBI - almost 2 years ago
Fast rising interest rates have strained borrowers' repayment capabilities. Companies are facing demand slowdown while rising input costs are impacting profit margins. While the fast adoption of digital payments has helped propel transactions to a high level, the influence of technology is also opening doors for many unwanted practices that banks should guard against, it said.
Economic Times

Wall St stocks fall, oil rises as China drops quarantine rule - almost 2 years ago
The Dow Jones Industrial Average rose 113.48 points, or 0.34%, to 33,317.41, the S&P 500 lost 5.67 points, or 0.15%, to 3,839.15 and the Nasdaq Composite dropped 90.23 points, or 0.86%, to 10,407.64.
Economic Times

Sebi bans Moneytree Research, its proprietor from securities mkts for 3 years - almost 2 years ago
In its order, the regulator found that noticees was never registered with Sebi in any capacity as an intermediary
Economic Times

Trading Guide: Jindal Steel, ICICI Bank among 6 stock recommendations for Wednesday - almost 2 years ago
The stock has witnessed a breakout of a falling trend line with a Bullish candlestick. The technical indicator Ichimoku cloud suggests that the price is trading above the Conversion line & Baseline, which shows a positive trend in the counter. The price is trading above the 50 Day’s Exponential Moving Averages, which indicates a positive trend. A momentum indicator RSI (14) reading is above 60 levels, which adds more strength on the upside. Observation of the above factors indicates that a bullish move is possible in the counter for targets up to Rs 605. One can initiate a buy-on dip in the range of Rs 575.95-572.50 with a stop loss below Rs 561 on a daily closing basis. (Ashish Manoj Katwa, Technical Research Analyst, Bonanza Portfolio)
Economic Times

Banks' GNPAs decline to 5% in Sept, but current situation can impact health: RBI report - almost 2 years ago
The number stood at 5.8% in March 2022, according to the report which also had a strong commitment by the RBI to be not complacent, given the present environment.
Economic Times

Dow opens higher on easing China Covid curbs; Tesla weighs on Nasdaq - almost 2 years ago
The S&P 500 opened lower by 1.48 points, or 0.04%, at 3,843.34, while the Nasdaq Composite dropped 35.68 points, or 0.34%, to 10,462.19 at the opening bell
Economic Times

Punjab & Sind Bank board to consider fundraise of Rs 250cr on Dec 30 - almost 2 years ago
The bank said it plans to raise capital up to an amount and aggregating to Rs 250 crore in any combinations of equity shares or debt in the form on Basel III compliant bonds
Economic Times

These 6 smallcap stocks record their new 52-week highs - almost 2 years ago
Benchmark index Sensex closed higher by about 360 points to 60,927 on Tuesday. During this rally in the market, six stocks from the BSE smallcap 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

Indowind Energy to allot 3.58 crore shares worth Rs 43 crore under rights issue - almost 2 years ago
The board meeting held today, i.e. December 27, 2022, has inter alia considered and approved the terms of the rights issue, it added.
Economic Times

Tech View: Nifty charts hint at continuation of Santa Rally. What traders should do on Wednesday - almost 2 years ago
Now, Nifty has to hold above 18081 zones for an up move towards 18250 and 18350 zones, whereas supports are placed at 18018 and 17950 zones, said Chandan Taparia of Motilal Oswal.
Economic Times

Gainers & Losers: NTPC, Central Bank of India among stocks in focus today - almost 2 years ago
Equity benchmarks Sensex and Nifty closed with gains on Tuesday, following a firm trend in the global markets. Extending its previous day's rally, the 30-share BSE Sensex jumped 361 points to settle at 60,927.43. The broader NSE Nifty climbed 118 points to end at 18,132.30.Broader markets continued to see a good run, with Nifty Midcap 100 reporting gains of 1%.Here are the stocks that grabbed limelight today:
Economic Times

Sensex gallops 1,000 points in 2 days. Will bulls continue to make merry on Street? - almost 2 years ago
The market capitalisation of all listed companies on the BSE surged by Rs 8.37 lakh crore to Rs 280.49 lakh crore in the last two days
Economic Times

Sensex ends 361 points higher; Nifty above 18,100; Jindal Steel zooms 9% - almost 2 years ago
Closing Bell: Sensex rallies for 2nd straight session, ends 361 points higher; Nifty above 18,100; Jindal Steel zooms 9%, Hindalco 6%.
Economic Times

Adar Poonawalla-backed multibagger stock can rally up to 25%: Motilal Oswal - almost 2 years ago
With huge growth opportunities for consumer and small business finance, the brokerage said that post-acquisition, PFL’s management has strengthened its foundation notably by investing in technology (aiding infrastructure/processes), distribution and talent.
Economic Times

Metal stocks rally up to 8% amid reports of steel price hike - almost 2 years ago
However, as per Trendlyne data, the highest target price for Jindal Steel goes up to Rs 730, while the average target price estimate is Rs 510, a downside of 10% from the current market price of Rs 109. Out of the 23 analysts covering the stock, 15 have strong buy and buy ratings, two have hold ratings, and six have strong sell and sell ratings.
Economic Times

Japan's Nikkei hits 1-week high as retailers soar amid China hopes - almost 2 years ago
"With global central banks tightening policy, concerns about an economic slowdown continue ... and while the floor is firm for stocks, those worries will keep the topside heavy," Maki Sawada, a strategist at Nomura, said on a conference call with the media.
Economic Times

Will 2023 be better for auto ancillary stocks amid cool off in metal price? These 5 stocks from the sector can rise up to 30% - almost 2 years ago
With metal prices cooling off from their high formed in early part of 2022. A number of auto ancillary companies have a high probability of witnessing an uptick in their margins. Along with higher margins with supply chain disruption being a thing of the past, demand for automobiles have seen an increase. The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list.
Economic Times

Sweet cravings! Sugar stocks rally up to 10% today. What's cooking? - almost 2 years ago
The stock holding limit will be worked out on the basis of giving 100% weightage to the month-end notional stock of the preceding month," the ministry’s notification said.
Economic Times