Volume Shocker: MFs added highest number of shares of these 10 stocks in March
In our MF analysis, ET Markets has identified 10 stocks that have experienced a significant increase in the number of shares held by mutual funds in March 2023, compared to the previous month. Our filter selected only those stocks which saw a net addition of over 2 crore shares (Data Source: ACE MF).
Bajaj Auto Q4 Preview: Weak export mix to dent earnings; margins likely to be under pressure
Brokerage Sharekhan estimates the topline to decline 11% quarter-on-quarter, while margins are seen contracting by 72 bps. However, revenue is expected to rise on a year-on-year basis, led by higher ASP on the back of a higher share of three-wheelers in the product mix.
Nifty charts showing signs of upside breakout. How to trade on Tuesday
India VIX was up by 0.32% from 11.63 to 11.66 levels. Volatility spiked above 12 zones but later sunk and has overall dried up to consistently hover at its lower zones.
Mankind Pharma IPO opens on Tuesday. What GMP suggests for potential investors?
The company has fixed a price band of Rs 1,026-1,080 for its IPO, which is completely an offer for sale (OFS) of 40 million equity shares by promoters and other existing shareholders.
Wipro shares rise 3% on buyback announcement
Wipro’s last share buyback was in FY21 when Azim Premji-affiliated entities had tendered 22.89 crore units worth about Rs 9,156 crore in between December 29, 2020, and January 11, 2021. Shares were bought back at a price of Rs 400 per equity share.
Technical stock picks: Berger Paints among 5 stocks that can rally up to 9%
Amid weak global cues, Nifty has declined over 3% so far in the year 2023. Ongoing Q4 results have also increased the nervousness among investors after IT major Infosys and TCS posted weaker-than-expected performances. However, Reliance and ICICI Bank results were in line with analysts’ expectations.A host of analysts have shared their technical views on […]
ICICI Bank shares in demand after Q4 beat. Should you buy, sell or hold?
“Note that this cycle is a lot more granular in the loan mix and appears to have a lower credit cost compared to the corporate NPL cycle that we saw in the previous decade. We do believe that the cost lever is also available if revenue growth significantly slows down, which is likely if the […]
At multi-year highs: ITC among 5 stocks that gave 5-year breakouts
In the NSE list of stocks with a market cap of over Rs 1000 crore, five stocks crossed their previous five-year high value at the close on April 21, suggesting bullishness in counters, according to stockedge.com’s technical scan data. Take a look.
Cyient shares up 10% in 2 sessions post strong Q4 earnings; should you buy?
On a sequential basis, the net profit rose 4% from Rs 156 crore in the preceding December quarter. Revenue from operations during the quarter surged as much as 48% to Rs 1,751 crore against Rs 1,181 crore in the year-ago period.
Hot Stocks: Brokerages on ICICI Bank, RIL, Tata Steel and Asian Paints
The global investment bank expects competition to intensify as a new player comes in. “We believe risk is yet to be completely reflected in valuations. Maintain Underweight on Asian Paints & Kansai Nerolac,” said the note.