These 10 companies cut debt, boost growth, and see stock surge in 5 months - 3 months ago
The common belief is that debt enables a company to secure new capital for expansion. Problems, however, occur when management struggles to channelise its debt properly. The optimal scenario is when a company successfully balances its debt while also increasing its sales and profits.ETMarket analyzed companies that have consistently reduced their debts over the past three fiscal years (FY22-FY24) overall by 30% or more, while also experiencing consistent growth in sales and profits, resulting in overall growth of more than 30%. We focused on companies with a market cap exceeding Rs 2,000 crore. Out of these, 18 stocks met the criteria, and we highlighted the top nine that have seen their share prices increase by over 30% in the current fiscal year (FY25) following significant fundamental improvements in the previous three years. Notably, 2 of these stocks have become multibaggers within just over 5 months of FY25. (Data Source: ACE Equity)
Economic Times

Japan's Nikkei falls for sixth day ahead of US inflation data, Fed decisionAstraZeneca Pharma India Share Price - 3 months ago
"The market was cautious ahead of the outcome of the Fed's policy decision, while we have the Bank of Japan's policy meeting this month," said Seiichi Suzuki, chief equity market analyst at Tokai Tokyo Intelligence Laboratory.
Economic Times

IREDA jumps over 7% on MoU with SJVN, GMR for 900 MW hydro project in NepalSJVN Share Price - 3 months ago
On the technical side, the company's relative strength index (RSI) is at 35.6, indicating the stock is neither overbought nor oversold. IREDA is trading above its 5-day, 100-day, and 150-day simple moving averages (SMAs), but remains below its 10-day, 20-day, 30-day, and 50-day SMAs.
Economic Times

GMR Airports shares jump 3% on plans to acquire 10% stake in Delhi AirportNatco Pharma Share Price - 3 months ago
GMR Airports Infrastructure is set to acquire an additional 10% equity stake in Delhi International Airport for $126 million, increasing its stake to 74%. The seller, Fraport AG, will retain its role as airport operator. The transaction is expected to be completed within 180 days.
Economic Times

Kross IPO subscribed 140% so far on Day 2. Check GMP, other detailsAshok Leyland Share Price - 3 months ago
Kross Ltd.'s IPO, which opened for subscription on Monday, has been subscribed 1.4 times by Tuesday. Retail investors led the demand, followed by non-institutional investors. The Rs 500 crore IPO includes a fresh equity sale and an offer for sale by promoters. Proceeds will be used to repay debt and fund growth.
Economic Times

Astrazeneca, Natco Pharma shares rally 4% after GST cut on cancer drugsNatco Pharma Share Price - 3 months ago
In reaction to the update, pharma stocks like Astrazeneca Pharma surged 4.4% to its day’s high of Rs 7,069 on BSE while Fortis Healthcare shares went up by 3% to Rs 563.55 and those of Natco Pharma shot up 2.5% to Rs 1,585.
Economic Times

US election is just one risk among many for nervous stock market - 3 months ago
Growing risks to the U.S. stock rally are driving demand for portfolio hedging, as investors face economic uncertainty, shifting Federal Reserve policy, and a looming presidential election. The Cboe Volatility Index is elevated, reflecting concerns over potential market swings ahead of the high-stakes debate between Kamala Harris and Donald Trump.
Economic Times

SBI Life, HDFC Life shares trade 3% lower as GST cut on insurance premiums postponed - 3 months ago
SBI Life shares dropped by 3.3%, reaching Rs 1,839.50, while HDFC Life experienced a 3% decline to Rs 714.20. Star Health and Allied Insurance Company also saw a 1.4% decrease, hitting a day's low of Rs 618 The 54th GST Council meeting was anticipated to offer relief to individuals and senior citizens by addressing the Goods and Services Tax (GST) rate on health insurance premiums. Currently, health and life insurance policies are taxed at an 18% GST rate.
Economic Times

How to utilize Iron Condor and Ironfly strategies: A complete guide to effective trading - 3 months ago
In a recent ETMarkets live stream, Saketh Ramakrishna explored the Iron Condor and Ironfly options strategies for managing risk and capitalizing on range-bound markets, emphasizing adjustments and risk management.
Economic Times

Madhabi Buch's IIM Ahmedabad classmates play fact-checker on Congress allegationsICICI Bank Share Price - 3 months ago
An IIM alumnus, who has known Buch for 35 years, expressed that the narrative surrounding her does not seem accurate. After reviewing publicly available documents and speaking with senior individuals, they concluded that the narrative being constructed, though seemingly based on data from her income tax returns, is "clearly false."
Economic Times

Suzlon shares rally 5% as Morgan Stanley takes overweight stance after NTPC order winSuzlon Energy Share Price - 3 months ago
Suzlon Energy shares surged by 5% after securing a 1,166 MW order from NTPC Green Energy. This large contract improves earnings visibility for FY26-27. Suzlon will install 370 wind turbines in Gujarat, generating power for 30 lakh households. The company also entered a sale and leaseback agreement for its Pune property.
Economic Times

JK Cement, SBI Card among 4 fresh buy ideas from Axis Securities - 3 months ago
Indian benchmark index Nifty has registered a new all time high of 25,268 indicating bullish sentiments and the overall long term trend remains intact offering buying opportunities near the support zone, Axis Securities said in a note. This brokerage picks four stocks as September month's fresh ideas based on the technicals. Here's what it recommends
Economic Times

Street Favourites! 8 large & midcap stocks that can clock up to 30% returns - 3 months ago
Several brokerages are bullish on a variety of stocks across sectors like banking, finance, and iron & steel. According to Trendlyne data, eight large and midcap stocks from the Nifty200 index, including IndusInd Bank, Canara Bank, Adani Ports, and APL Apollo Tubes, have high analyst ratings and are projected to deliver up to 30% returns. Here's a closer look:
Economic Times

Naturewings Holidays shares debut with 28% premium on BSE SME platform - 3 months ago
Naturewings Holidays shares made a strong debut on the BSE SME platform, listing at Rs 95, a 28.4% premium over the issue price of Rs 74. The IPO saw robust investor interest with a subscription rate of 300 times. The funds will be used for working capital, marketing, and corporate purposes.
Economic Times

Stocks to buy today: IRCTC, ONGC among top 10 trading ideas for 10 September 2024Dabur India Share Price - 3 months ago
The Indian market is expected to consolidate on Tuesday, influenced by mixed global cues. Nifty futures closed with a gain of 0.35% at 24,993 levels on Monday. Experts have recommended various stocks for short-term trading, including Britannia Industries, Havells India, and Dabur India among others. Options data suggests a broader trading range between 24,500 to 25,400 zones.
Economic Times

Sensex jumps 150 pts, Nifty reclaims 25,000 tracking rally in US stocks - 3 months ago
Within Nifty, Power Grid, Divi's Lab, Bharti Airtel, and Apollo Hospitals were the top gainers and went up to 1-2% each.
Economic Times

Share buyback boom: Promoters wooing HNIs before new tax rules spoil the charmWelspun Living Share Price - 3 months ago
Promoters of Indian companies are rushing to complete share buybacks before new tax rules take effect on October 1. The changes will shift the tax burden from companies to shareholders, making buybacks less attractive for high-net-worth individuals. Several companies have already completed or announced buyback offers in anticipation of the new rules.
Economic Times

Bikaji Foods, Gopal Snacks, Prataap Snacks shares surge up to 8.5% after GST cuts on namkeenPrataap Snacks Share Price - 3 months ago
Shares of Gopal Snacks rose 8.5% to Rs 354 while those of Prataap Snacks surged by 8% to 877. Meanwhile Bikaji Foods International shares went up by 7.7% to Rs 899 in an early intraday trade.
Economic Times

Hot stocks: Brokerage view on Infosys, SBI Life, ICICI Bank, Suzlon and MaricoSuzlon Energy Share Price - 3 months ago
Brokerage firms have shared their latest ratings on various companies. Citi has a neutral view on Infosys, InCred holds SBI Life, CLSA rates ICICI Bank as outperform, Morgan Stanley is overweight on Suzlon Energy, and Goldman Sachs recommends buying Marico. These ratings reflect current market trends and company performance.
Economic Times

F&O Ban List: Biocon, Chambal Fertilizers among 7 stocks under trade ban on TuesdayRBL Bank Share Price - 3 months ago
Seven stocks, including Aditya Birla Fashion and Retail, Balrampur Chini, and Bandhan Bank, are under F&O trade ban as their open interest crossed 95% of market-wide position limits. The ban is lifted only if open interest falls below 80%. Nifty and Sensex closed higher, driven by banks and FMCG stocks.
Economic Times

F&O Radar | Deploy Broken Wing strategy in Dabur for potential gains from breakout - 3 months ago
Dabur stock prices have been on an upward trend since April 2024, recently breaking out of an inverted Head & Shoulders pattern. Trading at Rs 662.35, the stock has surpassed its Rs 660 resistance level. Analysts suggest it could target Rs 700-715, with immediate support at Rs 635.
Economic Times

Andhra Paper 1:5 stock split record date tomorrow; last day to buy for eligibilityGodfrey Phillips India Share Price - 3 months ago
Andhra Papers has announced a 1:5 stock split, effective from September 11, 2024. Shareholders on record by this date will see each Rs 10 share divided into five Rs 2 shares. This move follows a previous split in 2001. Andhra Paper's stock has seen mixed performance over the past year.
Economic Times

Shree Tirupati Balajee Agro Trading share allotment soon: Check status, GMP, listing date and other details - 3 months ago
The share allotment for Shree Tirupati Balajee Agro Trading IPO is expected to be finalized today. Investors can check their allotment status via BSE or the registrar's website. The IPO received a strong response with a subscription of 124 times. The company plans to use the proceeds for debt repayment and working capital needs.
Economic Times

These 10 stocks will trade ex-dividend from tomorrow. Do you own any?Uttam Sugar Mills Share Price - 3 months ago
TV Today Network and 10 other companies will be in focus today as they have set September 11 as the record date for determining shareholders eligible for dividend payments. Today is the last day to buy shares to qualify for dividends. Dividends are paid to shareholders listed on the record date.
Economic Times

Big movers on D-Street: What should investors do with Bajaj Finance, Tata Technologies and Minda Corp?Tata Technologies Share Price - 3 months ago
Domestic markets rebounded on Monday, ending a four-day losing streak due to a rally in blue-chip stocks. Bajaj Finance rose 0.34%, Tata Technologies declined 3.13%, and Minda Corp fell nearly 0.4%. Analysts suggest potential gains for Bajaj Finance and Tata Technologies, while advising caution with Minda Corp until a confirmed breakout.
Economic Times

Up to 450% gain in m-cap! Demerged cos unlock big gains for investorsVedanta Share Price - 3 months ago
Investors have benefited significantly from companies that underwent demergers in the past year, with market values increasing by up to 450%. Companies like Edelweiss Financial, Shipping Corp of India, and TVS Holdings saw substantial gains. Demergers allow better value creation and alignment with industry trends, leading to improved market performance.
Economic Times

Pune’s PN Gadgil Jewellers may shine brighter as time passesThangamayil Jewellery Share Price - 3 months ago
PN Gadgil Jewellers, Maharashtra's second-largest organised jewellery retailer, is launching an IPO to raise ₹1,100 crore. The funds will be used for new stores and debt repayment. With a strong revenue growth and solid financials, the company aims to expand its footprint in the Indian jewellery market.
Economic Times

IndusInd Intl to raise Rs 3,000 cr via NCDs to fund Reliance Capital buyout - 3 months ago
IndusInd International Holdings plans to raise ₹3,000 crore through non-convertible debentures to finance its acquisition of Reliance Capital. The NCDs will be zero-coupon, senior secured, and redeemable, maturing in 2028. The Hinduja Group aims to raise a total debt of ₹7,300 crore for the acquisition, with part of it from private credit funds.
Economic Times

With up to 450% gain in m-cap! Demerged cos unlock big gains for investorsVedanta Share Price - 3 months ago
Investors have benefited significantly from companies that underwent demergers in the past year, with market values increasing by up to 450%. Companies like Edelweiss Financial, Shipping Corp of India, and TVS Holdings saw substantial gains. Demergers allow better value creation and alignment with industry trends, leading to improved market performance.
Economic Times

D-Street investors add bearish bets on PFC and REC, rush to defensivesREC Share Price - 3 months ago
Traders have turned bearish on Power Finance Corp and REC, with both stocks experiencing declines amid a broader market correction. Analysts predict further drops as investors shift focus from power sector PSUs to defensive sectors. Recent profit booking has contributed to the downward trend in these stocks.
Economic Times

Wall Street indexes bounce back as investors await inflation data, Fed rate cuts - 3 months ago
Wall Street's major indexes rose over 1% on Monday as investors sought bargains after last week's sell-off. They await upcoming inflation reports and the Federal Reserve's policy decision. Key events include the consumer price index report and a debate between U.S. presidential candidates Kamala Harris and Donald Trump.
Economic Times

GIFT Nifty signals a muted start for D-Street. Here's the trading setup for today's sessionRBL Bank Share Price - 3 months ago
Indian equities showed resilience on Monday, closing with gains despite global volatility. Analysts attribute this to healthy macros and retail participation. Nifty futures on the Gift Nifty traded higher, while India VIX fell. Global markets saw mixed performances, and oil prices rose due to hurricane concerns. Key stocks remain in the F&O ban list.
Economic Times

Asian stocks fluctuate as traders await US CPI: Markets wrap - 3 months ago
Asian stocks showed mixed movements as traders looked past Wall Street's rebound ahead of key US inflation data. Tokyo and Sydney saw slight gains, while Seoul experienced a decline. The S&P 500 rose 1.2% after a rough start to September. Focus shifts to upcoming US inflation data, with global economic concerns persisting.
Economic Times

Stocks in news: Infosys, Dixon Tech, AstraZeneca Pharma, HAL, GMR AirportsUnion Bank of India Share Price - 3 months ago
Stocks in news: Domestic markets started the week on a subdued note, ending nearly flat. Key stocks in focus include Infosys, Dixon Tech, AstraZeneca Pharma, HAL, and GMR Airports due to various developments. Notable updates include Infosys employees cleared of insider trading charges and AU Small Finance Bank's new agreement with Kotak Mahindra Life Insurance.
Economic Times

Daily Trading Desk: 2 trades for short term gains, an engineering stock & specialty chemical for 7% upmove - 3 months ago
The markets experienced a modest recovery, with the Nifty 50 index closing with a net gain of 84.25 points. VA Tech Wabag Ltd and Aether Industries showed signs of potential upmoves, backed by technical indicators. WABAG is poised to test Rs. 1450 levels, while Aether Industries could see a 7% rise.
Economic Times

Stock Radar: 100% rally in 1 year! Breakout from a Saucer pattern makes this multibagger an attractive buyGoodluck India Share Price - 3 months ago
Goodluck India Ltd, part of the iron and steel industry, has more than doubled investors' wealth in one year. The stock recently broke out of a Saucer pattern on weekly charts, hitting record highs. Experts suggest short-term traders can target above 1,300 levels in the next 3-4 weeks.
Economic Times

PN Gadgil Jewellers raises Rs 330 crore from anchor investors ahead of IPO - 3 months ago
PN Gadgil Jewellers Ltd has raised Rs 330 crore from anchor investors ahead of its IPO opening. The IPO, valued at Rs 1,100 crore, includes a fresh issue of shares worth Rs 850 crore and an offer for sale of Rs 250 crore. The funds will be used for new stores, debt repayment, and corporate purposes.
Economic Times

Ahead of IPO, PN Gadgil Jewellers collects Rs 330 crore from anchor investorsICICI Prudential Life Insurance Company Share Price - 3 months ago
PN Gadgil Jewellers Ltd has raised Rs 330 crore from anchor investors ahead of its IPO opening. The IPO, valued at Rs 1,100 crore, includes a fresh issue of shares worth Rs 850 crore and an offer for sale of Rs 250 crore. The funds will be used for new stores, debt repayment, and corporate purposes.
Economic Times

US stocks bounce as focus shifts to rates outlook ahead of inflation data - 3 months ago
Wall Street's main indexes opened higher on Monday following heavy losses last week, as investors remained optimistic about soft landing prospects for the U.S. economy ahead of a crucial inflation report later in the week.
Economic Times

Market Trading Guide: Tata Motors, JSW Energy among 5 stock recommendations for Tuesday - 3 months ago
Indian benchmark equity indices ended higher in a choppy session on Monday, led by gains in banking and consumer goods stocks. The S&P BSE Sensex closed 0.46% higher at 81,559, while the NSE Nifty50 ended above the 24,900 mark."The short-term trend of Nifty remains weak, but the market is showing signs of sustainable upside recovery after a small downward correction. Nifty needs to cross above the hurdle of 25150 levels to consider a possible trend change towards up. Immediate support is at 24750," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.Here are 5 stock recommendations for Tuesday:
Economic Times

SC relief for Sebi, NSE, BSE for erroneously freezing accounts of 2 Mumbai residents - 3 months ago
Their demat accounts were erroneously frozen in 2017 as Pradeep Mehta happened to be one of the promoters of Shrenuj & Co at one point of time. Shrenuj could not file its quarterly earnings for April-June, July-September and October-December in 2016.
Economic Times

Sebi dismisses insider trading charges against Infosys staff & entities, lifts market restrictionsInfosys Share Price - 3 months ago
Sebi lifted restrictions on Infosys employees and related entities, dismissing insider trading charges. The regulator vacated previous orders from 2021, allowing the affected individuals and entities to access the securities market and releasing any impounded funds.
Economic Times

US stocks open higher on soft landing optimism - 3 months ago
Wall Street's main indexes opened higher on Monday following heavy losses last week, as investors remained optimistic about soft landing prospects for the U.S. economy ahead of a crucial inflation report later in the week.
Economic Times

Tech view: Nifty needs to break out above 25,150 for trend reversal. How to trade on Tuesday - 3 months ago
Although the Nifty's short-term trend is still weak, the market shows promising signs of a sustainable recovery after a minor dip. According to Nagaraj Shetti of HDFC Securities, crossing the 25,150 level is crucial for confirming a potential upward trend reversal. He also notes that immediate support lies at 24,750.
Economic Times

Technical Breakout Stocks: How to trade Hindustan Unilever, Jubilant Pharmova and Glenmark Life on Tuesday? - 3 months ago
Indian market closed in the green on Monday after falling for 4 consecutive days in a row. The S&P BSE Sensex rose more than 370 points while the Nifty50 held on to 24,900 levels.
Economic Times

Market Wrap: D-Street snaps losing streak, Sensex climbs 375 points, Nifty tops 24,900 on banking, consumer stock gainsNestle India Share Price - 3 months ago
Indian headline equity indices, Sensex and Nifty50, closed higher on Monday, driven by gains in banking and consumer stocks, despite lingering concerns over the U.S. economy following last week's jobs data, which indicated a continued slowdown in the labor market.
Economic Times

GMR Airports to acquire 10% stake in Delhi International Airport at estimated $126 million - 3 months ago
GMR Airports Infrastructure will acquire a 10% stake in Delhi International Airport Limited (DIAL) from Fraport AG for $126 million. GMR, which already holds 64% of DIAL, anticipates completing the transaction within 180 days.
Economic Times

Sebi tweaks Foreign Venture Capital Investors' registration, eligibility criteria - 3 months ago
An applicant seeking registration as an FVCI is required to engage a DDP to avail of its services for obtaining a registration certificate as FVCI and at all times the DDP and the custodian of the FVCI shall be the same entity.
Economic Times

Here are key financial ratios to help take better investment decision - 3 months ago
The financial ratios can be arranged in five broad categories, each focusing on different aspects of a company’s operations. Together, they offer a holistic picture of its health. Here’s a brief introduction of some of the important ratios under each category.
Economic Times

Trent, Zomato help Junior Nifty beat midcap and smallcap peers. Where to invest?Zomato Share Price - 3 months ago
Tata Group's Trent, poised to join the Nifty 50 on September 30th after the NSE reshuffle, has been a top performer with a remarkable 244% return in the past year. Other standout stocks include Zomato, Power Finance Corporation (PFC), REC, Hindustan Aeronautics (HAL), Indian Railway Catering and Tourism Corporation (IRCTC), and Bharat Electronics (BEL), delivering returns ranging from 105% to 165%.
Economic Times