Central Bank of India hits 5% upper circuit on fundraising - almost 2 years ago
The board of directors considered and approved raising capital through the issuance of non-convertible redeemable unsecured Basel III compliant tier II bonds for an amount up to Rs 1,500 crore, the bank said in a regulatory filing.
Economic Times

Largecap stocks including a QSR company & fashion retailer with an upside potential of more than 25% - almost 2 years ago
As the market witnesses volatile movement there are few largecap stocks which are still finding favour with analysts. 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

Stock market trends in 2022: PSU bank stocks lead sectoral winners; IT top loser - almost 2 years ago
The funds raised will be utilised in product development & global marketing.
Economic Times

Multibagger Adani stock hits 5% upper circuit for second day - almost 2 years ago
The company had said that it sees positive signs of recovery going forward in the edible oils business for H2FY23, with softening of commodity prices and recent uptick in demand on the back of festivities and weddings.
Economic Times

Will India’s power sector shine in 2023? - almost 2 years ago
On the installed capacity generation basis Fossil Fuel based generation forms 58% & non-fossil fuel-based generation forms 42%. India’s National Grid is synchronously interconnected to Bhutan and importing excess electricity from Bhutan.
Economic Times

Zomato stock outlook: Kotak trims target price but retains buy - almost 2 years ago
Earlier in the month, global brokerage firm Jefferies exited Zomato saying that they are incrementally wary of a potential rise in competitive activity in the sector as its chief competitor Swiggy has recently seen market share loss.
Economic Times

7 midcap stocks, 1 with “Strong Buy” and 6 with “Buy” recommendations with potential upside of up to 30% - almost 2 years ago
Four pharma companies, a southern india focussed real estate player to mid-cap software company have seen an improvement in their overall score in a volatile week. 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

India and China — a 2023 tale of two markets - almost 2 years ago
The world’s second-largest economy has seen equities slump by two-fifths since June 2021, thanks to Beijing’s isolationist Covid-19 policies, turmoil in the real-estate industry and a punishing antitrust campaign against the country’s valuable tech firms. If China has been mired in a surfeit of pessimism, the opposite is true of India. Thanks to pent-up urban demand after the pandemic, stocks have held up reasonably well despite the US Federal Reserve’s aggressive monetary tightening.
Economic Times

Tata Group’s flagship cos languish in 2022; midcaps outdo by wide margin - almost 2 years ago
After being the best performer within the automobile pack in 2021 and giving multibagger returns, Tata Motors was knocked down by Dalal Street investors as the outlook for its arm Jaguar Land Rover was clouded by the global headwinds even as the domestic business
Economic Times

Stocks for 2023: Analysts betting on Maruti Suzuki as PV segment seeing best-ever times - almost 2 years ago
Having risen more than 12% year-to-date, shares of the automaker have given double-digit returns for the first time since 2017. Year-to-date, Nifty 50 has gained a little over 5%. The stock remains a bet in the automobile pack for 2023 for most brokerages given the bullish outlook for passenger vehicle demand in the domestic market. Analysts expect Maruti Suzuki
Economic Times

26 smallcap stocks turned multibagger in 2022. Did you miss the rally? - almost 2 years ago
Sectoral analysis of the winners of 2022 shows that Nifty PSU Bank index and Nifty CPSE index have been the top two gainers of the year with an upside of 65% and 19.5%, respectively, so far. On the other hand, the IT index has been the top wealth eroder and has so far lost over one-fourth of its value.
Economic Times

Hot Stocks: Brokerages on Mahindra CIE, Equitas Small Finance Bank and Gujarat Fluorochemicals? - almost 2 years ago
Equirus Small Finance Bank maintained its long recommendation on Equitas Small Finance Bank with a target price of Rs 80 which translates into an upside of 48% from Rs 54 recorded on December 26. Vasudevan's decision to continue the Equitas franchise is a positive development for the bank, said the brokerage. The brokerage firm values the stock at 1.8x (earlier 1.6x) on Sep'24 ABV (adjusted book value).
Economic Times

Sensex erases opening gains, tumbles 400 points from day's high - almost 2 years ago
“Volatility is likely to be the hallmark in the near term amidst December F&O expiry this Thursday. Technically, Nifty’s major support is seen at the 17,407-17,567 zone with intraday support at 17,871. On the upside, Nifty will now face hurdles at the 18,221 mark, while confirmation of strength only if the index closes above the 18,473 mark,” Prashanth Tapse - Senior VP (Research) at Mehta Equities said.
Economic Times

Sensex rises 350 pts as China further eases COVID curbs, Nifty above 18,100; IOB jumps 7% - almost 2 years ago
The domestic markets opened with gains on Tuesday morning as investors pick up cues from strong key indices of American and European equities. Other markets in Asia were trading mixed on Tuesday morning. S&P BSE Sensex went up 317.49 points to 60,883.91 while NSE's broad-based Nifty 50 surged 106.50 points to 18,121.50 on Tuesday morning. Some of the most active stocks were Dalmia Sugars, Indian Overseas Bank, Union Bank of India, Suzlon Energy on BSE while Morepen, J and K Bank, Ajanta Pharma and Astro Micro were the laggards during the morning.
Economic Times

Trader’s Guide: 2 largecap ideas for 4% returns in near term - almost 2 years ago
The markets staged a smart rally, ending on a positive note after remaining weak for many days. Banking and financial stocks continue to relatively outperform the broad markets.
Economic Times

Stocks to buy & sell today: 5 short-term trading ideas by experts for 27 December 2022 - almost 2 years ago
Nifty formed a Bullish Engulfing candle on daily scale on Monday and negated its lower highs of last three trading sessions,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.
Economic Times

Corporate Radar: Smallcap stock to go ex-split, board meetings and more - almost 2 years ago
National Fertilisers via an exchange filing said that in respect of the post ballot notice that sought approval of members of company for appointment of Director, the resolution as set out in the earlier notice has been passed with requisite majority.
Economic Times

Big Movers on D-St: What should investors do with Century Textiles, Nykaa and Indian Energy Exchange? - almost 2 years ago
The stock is currently placed a tad above its prior point of polarity, which was placed at around Rs 650. The key technical indicators reversed from the dip oversold zone on the short-term timeframe chart and are on the verge of a bullish crossover.
Economic Times

Stocks in focus: Time Technoplast, NTPC, Khadim India and more - almost 2 years ago
The SGX Nifty 50 December futures is pointing to a slightly positive start for domestic equities on Tuesday. However, trade is expected to be subdued due to lower participation by foreign investors amid year-end holidays. Here are some stocks which are expected to see some action in trade today.
Economic Times

This cement giant can be bought for 5% trading gains - multiple supports are seen - almost 2 years ago
Nifty crashed to almost 2.53% in the week ending on 23rd December 2022 which was seen after a continuous rise in the later half of 2022. On Monday 26th December, Nifty recovered almost 40% of the fall in the previous week in just a single trading session. All the indices were in pullback mode with some entering into positive territory.
Economic Times

Buy or Sell: Stock ideas by experts for December 27, 2022 - almost 2 years ago
ET Now spoke to various experts and here's what they have to recommend for today's trading session. Angel One Broking's Amar Deo Singh has a buy/sell recommendation on ICICI Pru Life and REC Limited while Kunal Bothra has a buy/sell recommendation on Canara Bank and Indusind Bank for today's trading session. Check out the targets and stop-loss.
Economic Times

IT majors under pressure from global eco troubles - almost 2 years ago
Recent management commentaries by IT companies show the impact of global macroeconomic pressures. HCL, in a recent investors’ meeting, said that it will achieve the lower end of its revenue guidance for the year. HCL had set a revenue guidance growth of 16-17% for the services vertical in FY23.​
Economic Times

Asian shares advance as China drops quarantine rule - almost 2 years ago
Oil prices ticked up on thin trade on Tuesday, on concerns that winter storms across the United States are affecting logistics and production of petroleum products and shale oil.
Economic Times

Defence, industrials, EVs all set to define growth for Bharat Forge - almost 2 years ago
The long-term expected growth will be led by the momentum in the defence, electric mobility and industrial segments.
Economic Times

ICICI Bank loan case: CBI arrests Venugopal Dhoot - almost 2 years ago
A holiday court remanded Dhoot in CBI's custody till December 28. The court also extended the remand of Chanda Kochhar and her husband Deepak who were arrested on Friday by three days. The CBI sought a three-day custody to confront the accused.
Economic Times

Financial services battle flight of talent to lucrative sectors - almost 2 years ago
The Aon analysis also showed that overall attrition in the banking segment is 24.7% between January and September, with domestic banks showing 30.6% attrition and foreign banks 16.3%. Fintech players also contributed to high attrition levels of 27.4%. Wealth management players, too, saw a significantly high number of employee departures at 26.4%, while investment banks saw exits at 21.8%. The lowest exits in the BFSI space were recorded with asset management companies at 16.3%.
Economic Times

NeSL takes a million loan papers digital, aims for more - almost 2 years ago
So far, more than 25 financial sector entities have already been onboarded on the NeSL DDE platform and are undertaking transactions. Bank and NBFC systems have to be connected to NeSL and lenders are yet to move towards it in a big way. However, bankers said the authenticity, seamlessness and speed that the NeSL system provides could make it the go-to system in the future.
Economic Times

BOJ's Kuroda dismisses near-term exit from easy policy - almost 2 years ago
The shift in attention towards a post-Kuroda era was also evident in comments by Prime Minister Fumio Kishida on Monday that a decision on whether to revise Japan's decade-old blueprint for beating deflation will be made after a new BOJ governor is appointed.
Economic Times

SAT sets aside Sebi’s order on Bhushan Steel for disclosure lapses - almost 2 years ago
However, SAT in its order noted that "the company had gone into July 2017 under the Insolvency Bankruptcy Code (IBC) and in view of the decision of this tribunal, no penalty can be levied on the new management which came into the picture on May 18, 2018. "The violation, if any, committed for the quarter ended March 2016, was of the previous management which cannot be imposed upon the new management."
Economic Times

Lenders set to recover settlement amount for RHFL - almost 2 years ago
The Delhi High Court on December 21 vacated a stay on the distribution of proceeds from the sale of RHFL after two disputing creditors - a Shapoorji Pallonji entity and lenders led by Bank of Baroda - agreed on a 'conditional settlement'.
Economic Times

HDFC, Bajaj Finance raise deposit rates on select maturities - almost 2 years ago
Returns have been raised 10-25 basis points, reflecting a surge in credit demand amid early signs of revival in private capital expenditure. Financial planners believe fixed deposit investors should build a ladder allocating one third to low tenure deposits of 1-2 years and the balance to 3-5 years tenure and not wait for deposit rates to peak. One basis point is 0.01%.
Economic Times

Indices gain over 1% in relief rally, but 'volatility to continue' - almost 2 years ago
The Sensex rose nearly 1,000 points from Friday's close to an intraday high of 60,833, before ending the session at 60,566, up 721 points, or 1.20%. The Nifty, too, advanced 1.2%, or 207 points, to close at 18,014.
Economic Times

Advent International buys Suven Pharma for Rs 6,313 crore - almost 2 years ago
Advent will also launch an open offer for an additional 26% of the company, a listed contract research and manufacturing services (CRAMS) business, at the same Rs 495 per share from minority shareholders. If fully subscribed to, Advent could end up paying ₹9,589 crore, making it its largest takeover in India yet.
Economic Times

These were the best trades of Wall Street in 2022 - almost 2 years ago
What worked in most of 2022 essentially was a long-inflation trade: A bet that the dollar and Treasury yields would rise on the Federal Reserve's most aggressive policy tightening in four decades, while the biggest winners of a low-rate environment - tech companies - would fall.
Economic Times

Stocks on analysts’ radar can give returns of 23-50% - almost 2 years ago
ET looks at some of the latest stock recommendations by analysts. These stocks are expected to return between 23% and 50% as per analysts’ price targets.
Economic Times

Stock Radar: Why GAIL India could give multibagger returns in next 1-3 years? - almost 2 years ago
The stock hit a 52-week high of Rs 115 on April 19, 2022, but failed to hold on to the momentum. It hit a low of Rs 83 on September 26, which will now act as a crucial base for the stock in the short- to medium-term
Economic Times

Easy Trip Planners shares close at 20% upper circuit in Monday's trade - almost 2 years ago
Shares of Easy Trip Planners have gained 70% in the last 1 year, while its year-to-date return is at 62%
Economic Times

SAT sets aside Sebi's order to impose penalty on Bhushan Steel for disclosure lapses - almost 2 years ago
The ruling comes after an appeal was filed against the Sebi order, levying a Rs 2 lakh fine on Bhushan Steel for not making the requisite disclosure under LODR (Listing Obligations and Disclosure Requirements) rules
Economic Times

Bharat Forge shows resilience on bourses amid strong business momentum - almost 2 years ago
The long-term expected growth will be led by the momentum in the defence, electric mobility and industrial segments.
Economic Times

Stock Radar: GAIL could more than double in next 1-3 years, says Rakesh Bansal - almost 2 years ago
“GAIL is a dominant domestic gas utility company primarily engaged in gas transmission and marketing businesses. The company owns ~10,900 km of gas pipelines and holds a ~78% market share in India’s natural gas transmission business,” says Rakesh Bansal, Partner, www.iamrakeshbansal.com
Economic Times

Payment system operators to report fraud on RBI's DAKSH from Jan 1 - almost 2 years ago
In addition to the existing bulk upload facility to report payment frauds, DAKSH provides additional functionalities, like a maker-checker facility, online screen-based reporting, an option for requesting additional information, the facility to issue alerts/ advisories, generation of dashboards and reports.
Economic Times

These 4 pharma stocks touch their new 52-week lows - almost 2 years ago
The 52-week low is the lowest price a stock has traded during the last one year
Economic Times

Tech View: Nifty’s long green candle not enough fodder for bulls. What traders should do Tuesday - almost 2 years ago
The overall structure shows that the index will likely witness both-side movements in the coming days
Economic Times

Tech View: Nifty’s long green candle not enough fodder for bulls. What traders should do on Tuesday - almost 2 years ago
The overall structure shows that the index will likely witness both-side movements in the coming days
Economic Times

Sebi orders attachment of bank, demat accounts of Sahara group firm, Subrata Roy, others - almost 2 years ago
The recovery proceedings against five entities -- Sahara India Real Estate Corporation (now known as Sahara Commodity Services Corporation), Subrata Roy, Ashok Roy Choudhary, Ravi Shanker Dubey and Vandana Bharrgava -- for Rs 6.42 crore, includes interest, all costs, charges and expenses, the Securities and Exchange Board of India (Sebi) said in the attachment order
Economic Times

Central Bank of India to raise up to Rs 1,500 crore this fiscal - almost 2 years ago
The board of directors considered and approved to raise capital through an issuance of non-convertible redeemable unsecured Basel III compliant tier II bonds for amount up to Rs 1,500 crore
Economic Times

Gainers & Losers: IDFC First Bank, NDTV among top stocks in limelight today - almost 2 years ago
Indian shares rose for the first time in five days in a low-volume session on Monday, with the benchmark Nifty50 reclaiming the key 18,000 level, as risk assets were boosted after mixed US data bolstered bets of smaller Federal Reserve rate hikes. The Nifty50 closed 1.17% higher at 18,014.60, and the Sensex gained 1.20% to 60,566.42, marking their biggest daily gain since November 24.Broader markets outperformed benchmarks, with Nifty Midcap 100 ending close to 3% higher. Among sectoral indices, the PSU Bank index was the star performer, with gains to the tune of over 7%.Following are the stocks that were in the limelight:
Economic Times

Multibagger Adani stock hits 5% upper circuit - almost 2 years ago
​​​​The company said that it sees positive signs of recovery going forward in the edible oils business for H2FY23, with softening of commodity prices and the recent uptick in demand on the back of festivities and weddings.
Economic Times

Sensex snaps out of 4-day losing streak, closes 721 points higher; Nifty above 18,000 - almost 2 years ago
The market capitalisation of all listed companies on the BSE increased by Rs 5.79 lakh crore to Rs 277.91 lakh crore in the last four days
Economic Times