Markets / The Economic Times
ETMarkets highlights 8 penny stocks showcasing share price growth ranging from 15-80% throughout the week. Our selection criteria prioritized stocks with a market capitalization below Rs 1000 crore and a share price under Rs 20.
The selling spree in Indian stock markets by foreign portfolio investors (FPIs) turned aggressive in May, partly attributable to a strong US dollar, sticky inflation particularly in the food segment, and poll outcome-related anxieties.
Peter Lynch is commonly linked with the PEG ratio, which compares PE ratios to growth rates. MarketSmith has developed a specialized screening tool inspired by Lynch's investment approach. 5 Indian stocks matching Peter Lynch's investing style.
Two NFOs are going to open for subscription this week, according to ACE MF data. Kotak NIFTY 100 Low Volatility 30 Index Fund's NFO will open on May 22 and Aditya Birla SL CRISIL IBX Gilt June 2027 Index Fund's NFO will open on May 22 as well.
In Saturday's trading session, five stocks experienced a buildup of fresh long positions, denoting a bullish trend.
In Saturday's trading session, five stocks witnessed a build of fresh short positions. Here's a look at them.
Kotak Mutual Fund manages 130 mutual fund schemes. A look at the top 10 stock holdings of the fund house, according to a report by Motilal Oswal Financial Services.
A list of 7 companies that announced dividend last week. The list includes, Bharti Airtel , DLF, M&M, Vedanta among others.
This week, SBI, Colgate-Palmolive (India), Oberoi Realty, Tata Consumer Products, and Sula Vineyard will go ex-dividend. Bharat Dynamics and Som Distilleries Breweries & Wineries will undergo a stock split, with other companies also set for corporate actions such as bonus issues and rights issues. On May 24, Tata Consumer Products (Rs 7.75/share), and Vedanta (Rs 11/share) will trade ex-dividend.
Nifty500 has surged 37% and Sensex 20% in the past one year. Here's a look at the sectors with the biggest gains in the past quarter. Industrials sector was the biggest gainer, followed by consumer durables and metals and mining.
US bond investors increase positions in long-dated high-grade corporate bonds, expecting gains from future interest rate cuts. Market attention is on upcoming bond sales and key economic data releases globally. The anything but bonds trade may now have run its course and long-duration debt is set for a comeback in the second half.
Jefferies has started covering 13 Indian stocks in 2024 up to now. This has expanded its total coverage to 188 stocks, which account for a combined market capitalization of US$3.4 trillion, representing 70% of India's listed market. The majority of the 13 covered stocks have shown strong performance compared to the benchmark index.
Majority of Nestle India shareholders have rejected a proposal to increase royalty payout to Swiss parent Nestle SA. A total of 57.18% shareholders voted against the proposal, including 70.8% public shareholders. The board approved a 5-year royalty increase from 4.5% to 5.25% of net sales. Proposal included Maggi instant noodles and Nescafe instant coffee.
Here a list of sectors along with the sectoral top picks that will have a positive impact on NDAs return, as suggested by Prabhudas Lilladher:
The jump in stock price happened after the MNC's shareholders turned down a proposal to increase royalty payments to Swiss parent Nestle. Results of a remote e-voting by shareholders show that 57.18% of the votes were cast against the proposal for increasing royalty from 4.5% to 5.25%.
From his years of experience, Goodman made several observations about the market in his book The Money Game. Here are some of them which are still relevant for modern-day investors.
Here are the top 10 stock holdings of the fund house, according to the report by Motilal Oswal Mutual Fund.
Increased uncertainty during elections can lead to higher market volatility. Options trading strategies like straddles or strangles can be effective in profiting from price swings or hedging against unexpected market moves.
Apart from the new issues, D-Street will see as many as 8 listings including that of the Go Digit General Insurance, which opened for subscription in the week gone by and generated significant enthusiasm among investors, reflecting the broader positive market sentiment.
When the closing price falls below the VWAP, it signifies that the closing price is lower than the average price at which it was traded throughout the day
If you just go over the last six months, one year, two years, three, five, it is very consistent that India and the US, these are the only two parts of the world which actually have growth and you have momentum in the markets.
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
A 5-year swing high represents the highest price a stock has reached within a five-year timeframe.
The Reserve Bank of India (RBI) has responded to tight liquidity conditions in the banking system by announcing a significant reduction in the government's treasury bill sales and introducing a new selection of bonds for the Centre's buyback operations. This move aims to alleviate cash constraints for banks, which have been exacerbated by muted government spending during the ongoing general elections. By reducing the supply of treasury bills and offering bonds for repurchase at acceptable prices
The company had posted a consolidated net profit of Rs 5.85 crore in the year-ago period, TV Today Network said in a regulatory filing. Consolidated revenue from operations in the quarter under review stood at Rs 252.79 crore against Rs 217.14 crore in the corresponding period a year ago.
Chief Economic Adviser V Anantha Nageswaran called for capital market reforms 2.0 at the CII Annual Business Summit, emphasizing India's upcoming inclusion in JP Morgan and Bloomberg bond indices and the importance of managing foreign flows.
Global Health (Medanta) reported 26% year-on-year (YoY) jump in net profit to Rs 127.3 crore in Q4FY24 due to increase in revenue growth from matured and new hospitals, along with higher patient volumes.
Auto and metal stocks helped Indian benchmark equity indices on Friday log their best week since early February. The market would be open this Saturday as part of a disaster recovery exercise. MACD showed bullish trade on the counters of Bharat Rasayan, Lux Industries, Data Patterns, TeamLease Services. Tata Steel, Tata Motors, SBI, ONGC were the most traded stocks.
Both the NSE Nifty 50 and S&P BSE Sensex gained about 2% this week their best since the week ended February 2. Twelve of the 13 major sectors logged weekly gains, rising between 0.5% and 6.6%.
Sharply higher provisioning dragged Bandhan Bank's March quarter net profit down by 93% at Rs 55 crore against Rs 808 crore in the year-ago period.
The possible changes would lead to an inflow of Rs 3,500 crore into Trent and Rs 3,000 crore into Bharat Electronics, the brokerage said.
Here is what Franklin Templeton Mutual Fund bought and sold from its portfolio in April.
LT Foods, owner of basmati rice brands 'Daawat' and 'Royal', on Friday posted a 14 per cent jump in consolidated net profit at Rs 150.24 crore for the fourth quarter of fiscal 2023-24 on robust sales. The company's profit stood at Rs 131.81 crore a year earlier.
Zydus Lifesciences on Friday said its consolidated net profit surged four-fold to Rs 1,182 crore for the fourth quarter ended March 31, 2024 on higher sales. The drug firm had reported a net profit of Rs 297 crore in the January-March quarter of the 2022-23 fiscal.
Realty firm Sobha Ltd on Friday reported 86 per cent decline in consolidated net profit to Rs 7.02 crore for the quarter ended March 2024 on lower income. Its net profit stood at Rs 48.57 crore in the year-ago period.
Nifty has 50 stocks which are selected based on a free-float m-cap weighted method, wherein the level of the index reflects the free-float m-cap of all stocks in the barometer. HDFC Bank has the highest weightage in Nifty at 11.48%, followed by RIL, ICICI Bank, Infosys, and L&T
Hitting a 52-week high is important as it reflects a stock's peak value over the previous year, which carries significant implications for traders and investors.
Led by auto, banking and metal stocks, markets ended the day in green.
The Nifty Bank index closed 0.29 per cent up at 48115.65.
ICICI Prudential Mutual Fund manages 253 mutual fund schemes.
Short covering signals a shift in view on security from extreme bearishness to bullishness.
The Nifty IT index closed 0.85 per cent down at 33381.85.
The fall in profit after tax (PAT) could be attributed to higher provisions reported in Q4FY24 at Rs 1,774 crore compared to Rs 735 crore in Q4 FY23.
ZEEL Q4 Results: The company reported a loss of Rs 196 crore in the same quarter last year. The revenue from operations for the quarter stood at Rs 2,185 core against Rs 2,126 crore in the corresponding quarter of the previous year.
The Nifty Auto index closed 1.74 per cent up at 23285.65.
Niket Shah of Motilal Oswal MF discusses investment themes like AI in Indian IT, re-rating opportunities in EV and medical devices, and triggers in the telecom sector such as 5G adoption and pricing strategies.
The Nifty Realty index closed 1.67 per cent up at 997.1.
Stating that consumption-led sectors will do better, irrespective of which government comes to power, Amnish Aggarwal gave out a list of 35 stocks like FMCG, auto, healthcare, IT services, banks, capital goods, commodities, consumer durables, and telecom.