Ola Electric shares slip below Rs 100. Buy the dip or avoid?
The stock was down 2.59% at Rs 99.55 on the Bombay stock Exchange (BSE), marking a sharp decline from its record high of Rs 157.53 on August 20, 2024. Key Points
India TodayBig movers on D-Street: What should investors do with ONGC, Glenmark Pharma and Reliance Power?
The domestic market saw a significant boost as the Sensex surged 384 points to a new high of 84,928, and Nifty reached a record peak of 25,939. Stocks like ONGC, Glenmark Pharma, and Reliance Power showed notable gains. Experts suggest monitoring these stocks for potential further upside based on technical and fundamental analysis. Key Points
Economic TimesStocks to buy: Hindalco, HCL Tech, Federal Bank among four top stock picks for April by Yes Securities
Yes Securities has recommended four stocks to buy in April which it believes have the potential to deliver decent returns of around 20-27% in a period of 12 months. The brokerage’s top stock picks for April include Hindalco Industries, HCL Technologies, Pricol and Federal Bank. Key Points
mint60% of stocks in Vanguard's India portfolio lag in 2024
Vanguard's India stock portfolio struggled in 2024, with major laggards like Zee Entertainment. Despite setbacks, top performers like Indiabulls Real Estate and Tata Motors DVR show promising growth potential in Vanguard's diverse holdings. Key Points
Economic TimesTechnical Breakout Stocks: How to trade Cochin Shipyard, Adani Power and Nalco on Thursday
Sensex and Nifty settled lower for the second straight session on Wednesday. Sensex declined by 27 points. Nifty holds 22,400 level. Sectorally, buying was seen in utilities, power, public sector and IT stocks while realty, auto, and FMCG stocks saw some selling pressure. Key Points
Economic Times
Technical stock Pick: This FY24 multibagger is likely to head towards Rs 8,000; time to buy?
Dixon Technologies doubled investors wealth in FY24 and may continue its rally. Traders advised to target Rs 8,000. stock hit a record high of Rs 7,624. Momentum and indicators support further upside potential. Key Points
Economic TimesTechnical Breakout Stocks: How to trade Bharat Electronics, Bajaj Auto and Aditya Birla Fashion on Wednesd
The S&P BSE Sensex fell over 100 points while the Nifty50 closed above the 22,450 level. Sectors like consumer durables, oil & gas, the public sector, and utilities, saw buying while IT, telecom and banks saw some selling pressure. Key Points
Economic TimesTechnical Breakout Stocks: How to trade Action Construction Equipment, BSE and Adani Ports on Tuesday
Sensex rose 363 points while the Nifty closed at 22,462. Buying was seen in realty, metal, telecom and utilities while auto and consumer durables stock saw some selling pressure. Key Points
Economic TimesTop beneficiaries of financialisation of savings & every market cycle: 4 stocks with upside scope of up to
It was after a long debate and committees getting formed that it was decided that stock exchanges and other institutions which play a pivotal role in the development of the capital market should be allowed to list on exchange for trading, though with some caveats. The fact is that after listing these companies not only continue to play a pivotal role in the development of the stock market but also have created a good amount of wealth for investors who were able to realise the fact that the best way to take exposure to ever growing capital formation ecosystem is to own these stocks. Some of these stocks have gained a good amount in the last three years, But the fact is that even there is a much longer runway for them as more savings gets into financial assets like shares, mutual funds and bonds. So, not only trade and trade and transact with them but also owning them might be a good idea for long term investors. Key Points
Economic TimesStocks to buy: Fincalbes and Petronet among top choices, here's why
The Nifty faced initial resistance around its previous swing high of 22,526. Therefore, for a further rally, it needs to move decisively beyond 22,525. On the lower end, 22,200 might act as support for the short term. Key Points
mintGovernment orders mandatory declaration of stock position of wheat
New Delhi [India], March 29 (ANI): In order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the Centre has decided that traders, wholesalers, retailers, big chain retailers and processors in all states and union territories have to declare their stock position of wheat on the portal (https://evegoils.nic.in/wheat/login.html) with effect from […] Key Points
ThePrintWholesalers, retailers, processors told to declare wheat stock; stock limit expires on March 31: Govt
The Indian government has directed wholesalers, retailers, and processors to declare their wheat stock position as the stock limit on wheat expires on Sunday. This move aims to prevent hoarding and speculation, keeping prices stable. Traders are required to declare their stocks on a portal every Friday starting from April 1. Key Points
Economic TimesWheat stock declaration requirement extended indefinitely
The Indian government has indefinitely extended the requirement for the wheat industry to declare their stock positions, which was initially set to expire on March 31. Traders, wholesalers, retailers, and processors are mandated to declare their stocks on a portal every Friday starting from April 1 until further notice. Key Points
Economic TimesMaharashtra Bank among top 3 stock ideas for first week of FY25: Kunal Shah
However, the broader picture remains bearish, with the lower-end support positioned at 34,700. A breach below this support level could intensify the downward momentum in the sector. Key Points
Economic TimesTesla’s $350 billion stock slump shreds investor expectations
Reasons for the shares dismal run this year — down 28% compared to a 10% advance in the S&P 500 Index — are many. However, the biggest cloud looming over the EV giant is the slowdown in the demand for electric vehicles, which is happening just as competition from legacy carmakers and Chinese rivals is heating up. Key Points
Economic Times
Century Textiles share price surges 12%, up 171% in about a year; what should investors do?
Century Textiles share price has been on a strong uptrend for the last one year. At the current market price of ₹1,685, the stock has surged 171 per cent. Key Points
mintStocks to buy: Mahanagar Gas, Va Tech Wabag, Aditya Birla Sun Life, among six fundamental stock picks by HDFC Securities
Stocks to buy: HDFC Securities recommends investors to buy these stocks and add on dips for a time horizon of 2-3 quarters. These stocks to buy include Mahanagar Gas, Ahluwalia Contracts (India), Va Tech Wabag, Aditya Birla Sun Life AMC, FDC and Crisil. Key Points
mintApril will be a consolidation period for midcaps and smallcaps: Vishal Malkan
Vishal Malkan expects midcaps and smallcaps to consolidate in April. Nifty to remain range-bound. Dr Lal PathLabs surges, correction awaited for entry. Weakness in Nifty IT index continues. Malkan says: I like the main part of PSUs like the PSU banks which are my favourites. Canara Bank and PNB are my top two stocks for this year. Key Points
Economic TimesTop Nifty50 stocks analysts suggest buying this week
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above-mentioned five component ratings is normally distributed to arrive at an average score. Key Points
Economic TimesThis multibagger stock turned Rs 10,000 to Rs 14 lakh in just 10 years. Do you own?
In the recent past, the stock came under extreme pressure, falling 170% in just over two months of 2024. In the last 3 months, the shares have lost 225%. Key Points
Economic Times
Sanjiv Bhasin’s top 6 midcap picks that may remain unscathed even in run-up to election
Sanjiv Bhasin of IIFL Securities recommends various stocks including PSU pack, Avenue Supermarts, and consumer staples like Bata. He also discusses the potential of EVs in the auto market and the performance of PB Fintech. According to Bhasin, in auto Maruti and as a dark horse Ashok Leyland are our top picks which has forayed very strongly into the bus market on the EV side. Key Points
Economic TimesBuy on dips? Go for these 4 defence and hotel stocks: Hemang Jani
Hemang Jani discusses opportunities in various sectors including defence, healthcare, and PSU banks. Recommendations include BEL, HAL in defence, and BOB, Canara, State Bank in PSU banks amid market corrections. He also says, Linde, which is a midcap stock and which has a very commendable story on green hydrogen and given the new investment that they have made in semiconductor, could be an interesting bet to look at. Key Points
Economic TimesMultibagger! This FMCG penny stock surged 2400% since March 2020
Penny FMCG stock Sarveshwar Foods has posted multibagger returns in the last 4 years, rising from ₹0.34 to around ₹8.5 currently. This implies a return of 2400 percent for its investors in this period. An investment of ₹10,000 in this stock in March 2022 would have turned into ₹2.5 lakh now. Key Points
mintPaytm share price jumps 5% after hitting upper circuits for 2 days in a row; can it rise more? Here's what experts say
Paytm share price has risen nearly 32 per cent from its 52-week low of ₹318.35 on Feb 16, 2024. Paytm received a TPAP license from NPCI, leading to a 5 per cent upper circuit in stock price on March 15. Key Points
mintMultibagger! This penny stock turned ₹10k to over ₹2 lakh in just 2 years
Penny stock Sunshine Capital has posted multibagger returns in the last 2 years, rising from ₹0.17 to around ₹3.8 currently. This implies a return of 1926 percent for its investors. An investment of ₹10,000 in this stock in March 2022 would have turned into over ₹2 lakh now. Key Points
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stock Radar: ICICI Prudential Life gives a breakout from bearish channel on weekly charts; time to buy?
ICICI Prudential Life Insurance Co. broke out from a falling trendline, aiming for a target of 689-690. The breakout was backed by support levels, moving averages, an inverse head & shoulder pattern, and bullish indicators. In terms of price action, the stock is trading below 5-DMA but above 20,30,50,100 and 200-DMA on the daily charts. Key Points
Economic TimesDespite volatility, 19 BSE Smallcap stocks surge 20% to 75% in just one month; Waaree leads gains – check full list
Waaree Renewable Technologies leads with a 75% gain due to strong order wins. Tata Investment Corporation follows with a 45% monthly gain, despite dampened investor enthusiasm. Key Points
mintstock Radar: HDFC Life reclaims 50-DMA on daily charts; should you buy?
The insurance stock rose over 5% in a month but from a 3-month perspective, it is down by more than 8%. It recently reclaimed 50-DMA placed at 602 earlier in March 2024. The stock closed at Rs 620 on 11 March 2024. On the weekly charts, the stock reclaimed 50 and 200-week moving averages last week, which suggests that bulls are here to stay. Key Points
Economic TimesAnalysts cautious on NLC OFS over rich valuations
On the first day of the offer for sale (OFS) on Thursday, the non-retail investor category was subscribed 2.92 times. The government is selling as much as 97 million shares (including the green shoe option) in the OFS and has set the floor price at ₹212 a share. The stock fell 3.3% to ₹219.10 on Thursday. Key Points
Economic TimesPNB among top 3 trading ideas for the week ahead from Rupak De of LKP Securities
Rupak De, Senior Technical Analyst at LKP Securities, recommends PNB, Chambal Fertilisers, and Havells as top stock picks for the week ahead. Nifty levels to watch out for are 22,500 and 22,400 with support expected to hold at 22,400. Bank Nifty is expected to outperform the Nifty with potential upward moves towards 49000. Key Points
Economic Times
Top Nifty50 stocks analysts suggest buying this week
Stock Reports Plus, powered by Refinitiv, is a comprehensive research report that evaluates five key components of 4,000+ listed stocks - earnings, fundamentals, relative valuation, risk and price momentum to generate standardized scores. Simple average of the above-mentioned five component ratings is normally distributed to reach an average score. Key Points
Economic TimesBSE stock best performer among global bourses
BSE shares, which are listed on the National stock Exchange, closed at ₹2352.45 on Saturday. The stock hit an all-time high of ₹2,598.95 on February 5. BSE shares' 430% gains in the past year far exceeds the 35% upmove in US-based Intercontinental Exchange (ICE), the second-best performer in the pack Key Points
Economic TimesMultibagger Tracker! This footwear stock turns Rs 10,000 to Rs 1.2 lakh in just 10 years
In the recent past, the stock rally faded away to an extent and returned 13% to investors in the last six months. The past three months saw the shares rising by 9%. Key Points
Economic TimesTechnical Breakout Stocks: How to trade Sona BLW, Intellect Design and PB Fintech on Friday
The S&P BSE Sensex rose nearly 200 points while the Nifty50 closed higher but failed to hold above the 22,000 mark on Thursday. Sectorally, buying was seen in power, public sector, metal, and capital goods stocks while healthcare stocks saw some selling pressure. Key Points
Economic TimesWhy Reliance shares rose after signing media deal with Disney
Reliance Industries stock reached a day’s high of Rs 2,958 apiece but declined to trade 0.62 per cent higher at Rs 2,926 on the Bombay stock Exchange (BSE) at around 12:20 pm. Key Points
India Today
Paytm shares slide nearly 5% in early trade to fall below Rs 400
Paytm's stock has witnessed a significant downturn in six months, plunging over 54 per cent. In a month, the stock is down over 48 per cent. Key Points
India TodayBeyond Meat Jump Hurts Short Sellers, Sets Up for a Squeeze
Beyond Meat Inc. jumped as much as 61% in intraday trading Wednesday — its best one-day move since 2019. The surge is setting traders who have bets against the stock up for a lot of pain. Key Points
mintJuniper Hotel shares jump 10 per cent after weak IPO listing
The stock debuted at Rs 361.20 on the BSE, representing a 0.33 per cent increase from its issue price, while on the NSE, it opened at Rs 365, indicating a gain of 1.38 per cent. Key Points
India TodayHot Stocks: 3 stocks that may give returns upto 26%
Analysts recommend upgrading TCS stock to 'buy' with a 14.6% upside. Cello World coverage initiated with a 25.6% upside driven by porcelain. Embassy REIT offers a 9% upside with improving occupancy and rental rates. Key Points
Economic TimesTechnical Breakout Stocks: How to trade HDFC AMC, Intellect Design and Birla Corp on Wednesday
The S&P BSE Sensex rose more than 300 points to close above the 73000 mark while the Nifty50 failed to hold above 22,200 level. Sectorally, buying was seen in realty, consumer durables, capital goods, and IT stocks while oil & gas, energy, public sector and utilities saw some selling pressure. Key Points
Economic Times
Alkem Labs plunges more than 13%, sees biggest single-day fall in over 3 years on tax evasion allegation
In September last year, the tax department conducted surveys on the offices and premises of the company after receiving intelligence regarding a large amount of tax evasion. The I-T department has found that the company claimed bogus and excessive deductions for its manufacturing units in Sikkim. Many such deductions were claimed under various special sections like 80-IC, as per news reports. Key Points
Economic TimesLooking to ride the Nvidia market rally from India? Here's how
Many retail investors in India are wondering whether they can cash in on Nvidia’s dream market run. Is there a way? Here's is all you need to know. Key Points
India Today4 PSU stocks look attractive at current level, for others wait for 5-10% dip: Kunal Shah
“However, other PSU stocks may require a correction of 5-10% for an ideal buying opportunity. Investors are advised to consider adding more of the mentioned stocks during any dips,” he says. Key Points
Economic TimesAditya Agarwala's 2 top trading recommendations in a choppy market
Aditya Agarwala advises caution in the choppy and dull markets. On the upside, clearly 22,300 is acting as a major hurdle. He recommends long positions in Indus Towers and Tata Consumer. He suggests focusing on the outperforming IT space. Jio Financial Services is predicted to have higher stock prices due to the AI venture, Bharat AI. Key Points
Economic TimesMultibagger stock: Servotech Power Systems gains 5% on bagging 1500 EV chargers
In every year since CY20, the stock has delivered a multi-bagger return. In CY20, CY21, and CY22, the stock generated returns of 194%, 247%, and 110.24%, respectively. In the recently concluded CY23, the stock achieved an impressive return of 382%. Key Points
mint
India extends duty-free import of yellow peas by one month
India has extended the timeline for duty-free imports of yellow peas by a month until April 2024 to cool down pulse prices. The duty on yellow peas was first implemented in November 2017 at 50%. India largely imports yellow peas from Canada and Russia. Additionally, the government has extended stock limits on tur and urad dal to prevent hoarding and ensure affordable prices. Key Points
Economic TimesMultibagger stock: Swan Energy delivered over 500% return in less than 3 years; up for 6th straight year
The company's shares, valued at ₹120 apiece in November 2021, have surged by 518% to reach the current price of ₹742 per share. A significant portion of this increase occurred over the past five months, with the stock rallying 160%. Key Points
mintReady for re-rating once again? 4 stocks from textile sector with upside potential of up to 24%
In past 3 years, a host of sectors have been making a comeback. There are two kinds of comebacks, first is in terms of macro structure of the business witnessing an improvement and hence the bottomline showing an improvement and second is in the stock price performance. Both are very different and that's the most important needed to be taken into account. In last 8-9 years, there has been a policy-level effort to revive sectors like textiles for two reasons. First, it is a labor-intensive sector and impacts a large number of people. Second, there was an opportunity to cut imports and push exports. All the policy efforts were having a moderate impact but then came Covid and China plus one came into the picture, changing the whole picture externally. Internally, help came in the form of the PLI scheme which helped some companies reduce cost of capital and resources for expanding. This list is drawn from stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum. Key Points
Economic TimesBiggest beneficiaries of current bull run: 5 stocks with upside potential of up to 31%
There is another side to the much talked about SEBI study, which mentioned that 90 % of the individuals who trade in future and options ( F&O) end up losing money only 10% are able to make profit. What is the common between both these losers and winners? They both brokerage to their stock broker and also pay transaction fees to the stock exchange. So, who is the constant and permanent winner? The stock exchange and the stock broker. Now to the other part which is more important, the turnover of the F&O segment where the compulsive traders are operating will continue to rise. The assumption is based on past trends and the harsh reality that every year a new set of compulsive traders will keep coming to the market and ensure that the cash register keeps ringing at the stock exchange. Also ensuring a healthy bottomline for other companies which form the part ecosystem required from taking a trade to final settlement of that trade. Key Points
Economic TimesTVS Motor crosses Rs 1 lakh crore m-cap as stock jumps 4% to fresh 52-week high
TVS Motor Company reported a 59% increase in its consolidated net profit to Rs 479 crore for the third quarter ended December 31, 2023, riding on the back of robust sales across markets. The company posted a consolidated net profit of Rs 301 crore in the October-December period of the last fiscal. Key Points
Economic Times
Vedanta can be stock of the year; Bandhan Bank may double in 12-18 months: Sanjiv Bhasin
Sanjiv Bhasin recommends investing in HDFC and M&M for long-term wealth creation. He suggests considering under-owned stocks like ONGC, IOC, Concor, IRCTC, and Nalco. GQG Capital's success with Adani and Vedanta stocks is noteworthy. The mortgage business and Tuticorin copper opening could drive growth. Bhasin also says Bandhan Bank should be in your portfolio and left there for the next two-three quarters. This can be a doubler, in the next one-one and a half year. Key Points
Economic TimesPaytm share price cracks 10% to hit 52-week low; analysts say avoid the stock
Paytm share price plunged 10 per cent to reach a 52-week low of ₹342.40 on BSE in intraday trade on Wednesday. Paytm share price has been witnessing acute selling pressure this month, falling as much as 55 per cent. Key Points
mintTechnical Breakout Stocks: How to trade RIL, HDFC AMC and OFSS on Wednesday
Reliance Industries hit a fresh record high and Rs 20 lakh-crore market capitalisation mark in intraday trade. However, the stock pared gains and closed 0.9% higher at Rs 2,928. In the last two weeks alone, the stock's market value has gone up by Rs 1 lakh crore as the Rs 19 lakh-crore level was touched on January 29. Key Points
Economic TimesUnderstanding and managing risks is key: 5 smallcap stocks with upside potential of up to 33%
In the stock markets, knowing risk and managing the risks are two different things. Managing the risk is more complicated than it appears as it involves more hard work and at times going against the narrative prevailing on the street. At this point of time, valuations in the small cap segment of the market are extremely high is the risk. How many are thinking of managing it ? Now there are two ways to manage this risk. First keep your exposure low in this segment. Second, if one is still looking for an increase in exposure to small caps then put more checks and balances before buying the stock. Look at some key financial ratios and also do some hard work by reading annual reports before buying any stock. How will this hard work help in managing the risk? Higher probability of lower drawn down in a corrective phase. Yes, only higher probability. ET screener powered by Refinitiv’s stock Report Plus applies different algorithms & filters to all BSE and NSE stocks, and lists stocks which fulfill the various criteria as specified into the algorithms & filters to find those which might help navigate the stock market. Key Points
Economic TimesLearn With ETMarkets: Role of economic indicators in stock market analysis
It's worth pondering why stock prices fluctuate daily despite companies announcing their financial results quarterly. Alongside corporate announcements, macroeconomic factors and indicators significantly influence stock markets. Let's delve into their role. Key Points
Economic Times
This multibagger stock turns Rs 10,000 into Rs 5 lakh in just 4 years. Do you own it?
According to the shareholding pattern available with the exchanges, Gensol Engineering is majority-owned by promoters at 62.59%, while public shareholders own the remaining 37.41%. Key Points
Economic TimesGo contra as dumb money sells largecap private banks;one realty stock could double & avoid ITC: Sanjiv Bha
Sanjiv Bhasin says: Insurance companies, including LIC, SBI Life, ICICI Pru, and HDFC Life, are expected to perform well in the long term. These companies, along with other intermediaries like brokers and AMCs, are set to benefit from changing daily habits and increased technology adoption. the dumb money is now selling the largecap private banks, which were the most sought after and getting into PSUs. So, it is time to be contrarian, Key Points
Economic Times