Stocks to buy today: 6 short-term trading strategies by experts for Friday - almost 2 years ago
Expert: Nooresh Merani, an independent technical analyst told ETNow - IndusInd Bank: Buy| Target Rs 1350| Stop Loss Rs 1160
Economic Times

HCL Tech shares crash over 6%. Here's what has investors worried - almost 2 years ago
"With macro conditions deteriorating, positive news on this front is highly unlikely, we believe. HCL Tech also highlighted that there is greater level of vendor consolidation underway right now than in the recent past not only due to challenging macro circumstances, but also due to weeding out of a few global top 10 service providers based on risks associated with them," Nirmal Bang's Head of Research Girish Pai said.
Economic Times

Hot Stocks: Global brokerages see 12-15% return in HUL, RIL and Sun Pharma - almost 2 years ago
Citigroup maintained its buy rating on Hindustan Unilever with a target price of Rs 3050. The company announced entry into Health and well-being which is a positive sign, the brokerage said.
Economic Times

6 mid-cap stocks with “Strong Buy” and “Buy” including 3 stocks from construction and infrastructure space with an upside potential up to 37% - almost 2 years ago
As nifty continues to make new high’s, mid-caps stocks are making a comeback. Only difference is that the market is more selective in making stocks inch higher. 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". This predefined screener is only available to ET Prime users.
Economic Times

LUPIN: Short-term sideways to bearish - almost 2 years ago
Lupin’s daily trend is bullish, however, in the last few trading sessions, it is showing weaknesses. In the last trading session, it closed in the negative with 1.9% with an extended range candle and it might go further down. Based on option chain analysis, the range is between 700 and 800. Using the PCR ratio, it is at 0.95. Let’s plan a trade around that.
Economic Times

Jefferies’ Chris Wood says pressure on US Fed to address inflation issue has peaked - almost 2 years ago
China has managed to avert a hard landing by offering a relief package to the residential property developers, whether the sector will see a meaningful recovery remains a medium-term issue, according to GREED & fear.
Economic Times

​At multi-year highs: These 4 stocks gave 5-year breakouts on December 8 - almost 2 years ago
In the NSE list of stocks with a market cap between Rs 1,000-10,000 crore, four stocks crossed their previous 5-year high value at the close on December 8, suggesting bullishness in counters, according to stockedge.com's technical scan data. Take a look
Economic Times

Sensex rises over 100 points; Nifty tests 18,650; Paytm surges 5% - almost 2 years ago
Sensex jumps over 100 points; Nifty tests 18,650; Paytm surges 5%, HCL Tech tanks 4%.
Economic Times

Year-end Special: Dixon among top 5 midcap stock ideas for 2023 from Jefferies - almost 2 years ago
In the first half of FY23, midcaps posted stronger sales (+30% YoY) but weaker EBITDA margin (avg -210bps). "But now, many sectors (eg: durables, tiles, electrodes) are alluding to softer offtake, leading us to pencil lower sales growth in H2 at +14% YoY," global brokerage firm Jefferies said in a report.It believes that select demand pockets like private capex revival and PLI upside may remain healthy. While recommending a bottom-up approach in stock selection, it has come out with 5 midcap stock ideas for 2023:
Economic Times

Sensex jumps over 100 pts at open; Nifty tests 18,650 - almost 2 years ago
Investors are likely to build steady buying positions ahead of next week's much-awaited US monetary policy announcement. Back home, a sweeping and historic victory for BJP in Gujarat elections supported the sentiments.
Economic Times

Fundamental Radar: Stock for 2023: Why Indian Hotels is a long-term buy? - almost 2 years ago
“Indian Hotels is the largest listed hotel chain company in India operating several luxury hotels across all metro cities and major tourist destinations in India. IHCL operates the iconic Taj Group of Hotels, the Vivanta and SeleQtions hotels, making up two-thirds of their total number of hotels in their portfolio,” Anmol Das, Head of Research, TejiMandi, said.
Economic Times

Fundamental Radar: 4 factors that can take IHCL to record highs in 2023 - almost 2 years ago
IHCL has shown its dominance and pricing power with domestic travelling already in full swing, increasing foreign tourist arrivals will make occupancy levels increase to even higher than current levels allowing the further potential of premium addition in Average Room rates.
Economic Times

Year 2022 an icing on the cake for this FMCG stock; do you own it? - almost 2 years ago
According to Nomura Financial Advisory and Securities, this tie-up opens up export avenues for Britannia, and given that Bel Group is a major player in the healthy dairy, fruit and plant-based snacks, it will give the former access to new categories from its global portfolio.
Economic Times

Big Movers on D-St: What should investors do with Bank of India, Canara Bank and Bank of Baroda? - almost 2 years ago
Stocks that were in focus include names like Bank of India which was up nearly 8%, Canara Bank gained over 3% and Bank of Baroda was up more than 6% on Thursday.
Economic Times

Corporate Radar: Bajaj Consumer Care board meeting for share buyback & more - almost 2 years ago
Bajaj Consumer Care’s board will meet for buyback of shares. Also, VIP Clothing’s board meeting is lined up to consider the issue of warrants.
Economic Times

Buy or Sell: Stock ideas by experts for December 09, 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 Indusind Bank and City Union Bank while Kunal Bothra has a buy/sell recommendation on Axis Bank and Ambuja Cements for today's trading session. Check out the targets and stop-loss.
Economic Times

Flashing red! 3 indicators hint world-beating Nifty punching above its weight - almost 2 years ago
"Factoring in the rate hike expectation by the RBI, the long-term bond yields have gone up 82 bps in 2022 so far. Currently, the BEER ratio is trading above 1stdev, indicating a slightly expensive equity market at current levels as against the bond market," Axis Securities said in a report.
Economic Times

What to expect from Indian markets in 2023 as performance cools - almost 2 years ago
If there is some recovery in global growth and sentiment, over “6-12 months some of these markets that have become oversold may do better than India because India has outperformed so much in the last 18 months,” said Hiren Dasani, managing director at Goldman Sachs Asset Management. “But in the medium term India will do much better because of the compounding opportunity of growth.”
Economic Times

Stocks in focus: Sun Pharma, Star Health and more - almost 2 years ago
Nifty futures on the Singapore Exchange traded 48 points, or 0.26 per cent, higher at 18,775.50, signaling that Dalal Street was headed for a positive start on Friday. Here are some stocks which may buzz the most in today's trade.
Economic Times

Asian shares higher as dollar retreats, risk events abound - almost 2 years ago
Apart from China optimism, investors are focused on U.S. producer price inflation figures later in the day for more signs about the health of the U.S. economy, after data overnight showed some loosening in the labour market, with weekly jobless claims rising moderately.
Economic Times

Stocks in the news: HUL, Sun Pharma, Adani Enterprises, IndiGo, Paytm and Lupin - almost 2 years ago
Adani Enterprises has acquired 100 percent stake in Alluvial Mineral Resources, from Adani Infra (India). Alluvial Mineral Resources is engaged in mining of minerals & ores activities and other allied activities.
Economic Times

US stock market: S&P 500, Nasdaq snap losing streaks after jobless claims rise - almost 2 years ago
Stocks rose as investors cheered data showing the number of Americans filing claims for jobless benefits increased moderately last week, while unemployment rolls hit a 10-month high toward the end of November.
Economic Times

SGX Nifty up 50 points; here's what changed for market while you were sleeping - almost 2 years ago
The S&P 500 ended higher on Thursday, snapping a five-session losing streak, as investors interpreted data showing a rise in weekly jobless claims as a sign the pace of interest rate hikes could soon slow.
Economic Times

RBI buys estimated $8 billion from market in a week - almost 2 years ago
Foreign exchange analysts are not ruling out the likelihood that some forward contracts that RBI had to honour would have come up for maturity. That could also have led to the addition of spot-dollar reserves. RBI Governor Shaktikanta Das has also underscored the focus on building up forex reserves to deal with uncertain external financial conditions.
Economic Times

India's Gift City may bring in variable capital companies - almost 2 years ago
Businesses are typically structured as corporates or trusts. The VCC is a specialised structure intended for the asset management industry specifically.
Economic Times

Paytm board to consider share buyback at Dec 13 meeting - almost 2 years ago
Paytm, said its board of directors will meet on December 13 to consider a proposal for a buyback of its shares.
Economic Times

Indian banks fear fallout of ESMA rift on markets, plan to move RBI - almost 2 years ago
Several banks, along with industry bodies representing money and currency market dealers, met on Wednesday to discuss the probable fallout on financial markets if the RBI and the European Securities and Markets Authority (ESMA) fail to sort out their disagreement.
Economic Times

JSPL acquires Monnet Power for Rs 410 crore at auction - almost 2 years ago
Naveen Jindal-promoted JSPL acquired Monnet Power for a captive purpose. The 1,050 MW Monnet Power plant is located next to JSPL's Angul steel plant in Odisha, making the acquisition synergistic, the people cited above said.
Economic Times

Lenders to SKS Power give bidders a fourth deadline extension for due diligence - almost 2 years ago
Reliance Industries, the Adani Group, state-owned NTPC, Torrent Power, Jindal Power, Hindustan Powerprojects, Sarda Energy & Minerals and Jindal India Thermal are among some 23 entities that have expressed interest in the company.
Economic Times

Ruias offer one-time settlement deal for Essar Power Gujarat - almost 2 years ago
Essar is offering ₹1,600 crore to settle ₹4,500 crore of loans taken for the Salaya plant in Gujarat's Jamnagar district, effectively giving banks a recovery of about 36% on their dues. Banks as well as Essar officials are working out legal and other details to complete the settlement, multiple persons aware of the deal, said.
Economic Times

As Twitter takes centre stage, Tesla shares see a sharp fall - almost 2 years ago
Elon Musk's takeover of Twitter may also be weighing down the shares of Tesla. The electric car maker's shares have slumped more than 47% since Musk on April 14, 2022, announced the intention to buy out Twitter. Tech giants such as Apple, Microsoft, Alphabet, and Nvidia have fallen between 12% and 25% since April 14.
Economic Times

Trent to sell Unistore stake to Tata Digital - almost 2 years ago
Trent is divesting its stake of around 3.22% of Tata Unistore on a fully diluted basis to Tata Digital. The shares of TUL will be sold to TDPL for a total estimated value of ₹24.14 crore, with no consideration of cash, but in the form of Compulsorily Convertible Preference Shares of the promoter group company.
Economic Times

Stock Radar: Why this small-cap stock from personal care space can rally nearly 200% in 4-5 quarters? - almost 2 years ago
Long-term investors can look at buying the stock now or on dips for a possible target towards Rs 500 in the next 4-5 quarters, which translates into an upside of nearly 200% from Rs 177 recorded on December 7, suggested experts
Economic Times

S&P 500 rebounds on tech boost; weekly jobless claims rise - almost 2 years ago
At 10:43 a.m. ET, the Dow Jones Industrial Average was up 241.67 points, or 0.72%, at 33,839.59, the S&P 500 was up 32.12 points, or 0.82%, at 3,966.04, and the Nasdaq Composite was up 130.60 points, or 1.19%, at 11,089.15.
Economic Times

Ahead of Market: 10 things that will decide D-street action on Friday - almost 2 years ago
“The bulls came back strong and knocked out the bears with full force surpassing the hurdle of 43,500 on a closing basis. The index confirms the continuation of the uptrend towards 44,000-44,600 levels on the upside. The lower-end support stands at 43,000, which will act as a cushion for the bulls. The index remains on a ‘buy’ mode and any dips should be utilized to initiate fresh long positions,” Kunal Shah, Senior Technical Analyst at LKP Securities, said.
Economic Times

Stock Radar: Buy Zomato for a target of Rs 100, says Shrikat Chouhan - almost 2 years ago
"Zomato seems to have captured incremental market share against Swiggy. We remain positive on Zomato with a fair value is closer to Rs 100," Shrikant Chouhan, Head of Equity Research (Retail) Kotak Securities, said.
Economic Times

Paytm parent to consider share buyback in Dec 13 board meet - almost 2 years ago
The stock ended 0.3% down at Rs 508.40 on the BSE. Year-to-date, the stock has fallen by more than 67%.
Economic Times

Foxconn unit invests $500 million in India affiliate - almost 2 years ago
The announcement of a $500 million injection into its India unit comes after Reuters reported last month that Apple supplier Foxconn plans to quadruple the workforce at its iPhone factory in India over two years, with two government officials with knowledge of the matter pointing to a production adjustment as it faces disruptions in China.
Economic Times

US stocks open higher after recent selloff - almost 2 years ago
The Dow Jones Industrial Average rose 98.05 points, or 0.29%, to 33,695.97 at the open
Economic Times

These 4 commodities stocks touch their new 52-week highs - almost 2 years ago
Benchmark index Sensex closed higher by about 160 points to 62,570 on Thursday. During this rally, four stocks from the BSE commodities index managed to touch new 52-week highs.s current value and for predicting its future price movement.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

Walmart-backed PhonePe seeks to raise $1 billion - almost 2 years ago
The all-equity round is expected to close in the next two weeks and may take Walmart-backed PhonePe's valuation close to $13 billion, according to the report.
Economic Times

Reliance General Insurance seeks Rs 600 cr capital infusion from parent - almost 2 years ago
The Committee of Creditors (CoC) is expected to discuss RGIC's request for capital infusion in its meeting soon, the sources added.
Economic Times

Valuation check for Nifty 50: Jefferies sees index at 18,000-19,000 range in 2023 - almost 2 years ago
The property sector in India is seeing a multi-year pent-up demand and is more dependent on the pricing sentiment instead of mortgage rates. As a result, the 225-basis-point hike in repo rate by the Reserve Bank of India since May this year hasn’t affected the housing demand.
Economic Times

Narmada Gelatines gains 32% in 2 sessions; smallcap declares Rs 100 special dividend - almost 2 years ago
In its board meeting on Wednesday, the company announced a special interim dividend of Rs 100 per equity share i.e. 1000% of the face value of Rs 10 each fully paid up for the financial year 2023.
Economic Times

RBI may effect one more rate hike; repo rate may rise to 6.5%: Uday Kotak - almost 2 years ago
Kotak further said the US Federal Reserve's decision on interest rates this month will be a signal for other central banks
Economic Times

Tech View: Nifty forms small positive candle. What traders should do on Friday - almost 2 years ago
The inside body candle on daily charts is indicating non-directional activity and indecisiveness between bulls and bears. For bulls, 18,675 would be the important breakout level to watch out for. And above the same, we can expect a quick uptrend rally up to 18,800-18,835. On the flip side, trading below 18,500 may fuel further weakness up to 18,435-18,400.
Economic Times

Reliance General Insurance seeks Rs 600 crore capital infusion from parent - almost 2 years ago
The Committee of Creditors (CoC) is expected to discuss RGIC's request for capital infusion in its meeting soon, the sources added.
Economic Times

Gainers and Losers: Sun Pharma, Dharmaj Crop among stocks in focus on Thursday - almost 2 years ago
Equity benchmark indices ended with gains on Thursday’s session, snapping a 4-day losing streak. Nifty at the close settled 49 points higher at 18,609, while Sensex ended 160 points higher at 62,571. Nifty PSU Bank emerged as the outperformer, logging gains of around 4%.Here are the stocks that hogged the limelight in today’s session:
Economic Times

Gainers and Losers: Sun Pharma, Dharmaj Crop among 6 stocks in focus on Thursday - almost 2 years ago
Equity benchmark indices ended with gains on Thursday’s session, snapping a 4-day losing streak. Nifty at the close settled 49 points higher at 18,609, while Sensex ended 160 points higher at 62,571. Nifty PSU Bank emerged as the outperformer, logging gains of around 4%.Here are the stocks that hogged the limelight in today’s session:
Economic Times

Gujarat-based 9 stocks gained up to 225% so far in 2022 - almost 2 years ago
Indian equity markets traded with good gains on the Gujarat assembly election result day. The Bharatiya Janata Party (BJP) retained power for the seventh straight time in the state with a landslide victory. The BJP has broken the record of the highest-ever seats of 149 in 1985 held by Congress' Madhav Singh Solanki. From the BSE 500 list, here are Gujarat-based 9 stocks that have gained over 50% so far this year (Data Source: ACE Equity).
Economic Times