Court probe of Adani short-seller saga tests India’s institutions
India’s top court is due to reveal its findings on allegations directed at the Adani Group by Hindenburg Research, who accused of corporate fraud. The court set up a six-member panel, which has filed its report on any regulatory failures and suggested reforms for investor protection. The court had also asked SEBI to separately investigate […]
Hot Stocks: Brokerages on ONGC, Godrej Consumer, M&M, Eicher Motors and UltraTech Cement
Morgan Stanley has maintained an overweight rating on ONGC with a target price of Rs 218 citing that the company has made two new discoveries. On the other hand, CLSA has underperformed Godrej Consumer with a target price of Rs 1000, retaining the margin improvement and category development. CLSA prefers M&M and Ultratech Cement in […]
Big Movers: What should investors do with Ratnamani Metal, Dr Reddy’s Laboratories and FSL?
The S&P BSE Sensex and Nifty50 in India closed flat with a negative bias. Stocks in capital goods, healthcare, metals, and energy sectors experienced selling pressure, while consumer durables, FMCG, power, and utilities saw some buying. Ratnamani Metals rose over 6%, Dr Reddy’s Laboratories fell nearly 7%, and Firstsource Solutions closed near its 52-week high […]
Stocks to buy today: 8 short-term trading ideas by experts
The Indian stock markets are poised to consolidate due to muted market sentiments globally. The Nifty50 and the S&P BSE Sensex did not show positive trends on the previous day. The India VIX has been increasing during the last four sessions, leading to fluctuations in the market. Options data suggests trading ranging from 17900 to […]
LTIM, HUL, Asian Paints among 9 stocks that rose above their 200 DMAs
In the NSE list of stocks with a market cap of over Rs 10,000 crore, closing prices of nine closed above their 200 DMA (Daily Moving Averages) on May 11, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular […]
ETMarkets Smart Talk: We focus portfolio on ‘Yuva Bharat theme’: Rikesh Parikh
RBI had pre-empted and changed its stance to pause in its April meeting, now all focus is on the inflation trajectory. Historically, it has been seen it takes 6 to 9 months post pause for a shift in stance towards lowering interest rates.
ETMarkets Fund Manager Talk This portfolio fund manager expects H2FY24 to be more rewarding for investors
The near-term buoyancy in the equity markets have been supported by FIIs turning buyers of Indian equities after being sellers for most of FY23.
Adani in talks for $2-2.5 billion stake sales in 3 Group companies
This will be the first bid by the group to raise funds after having scrapped the $2.5-billion Adani Enterprises follow-on public offer (FPO) in February in the wake of the Hindenburg Research report. The fundraise will be a primary equity infusion that will be used for debt payment and long-term capital expenditure, said the people […]
Street positive on L&T, expects 25-30% upside
Jefferies and CLSA remain most optimistic and advised their clients to ‘buy’ L&T shares. Both brokerages see upside potential in the range of 25-30% from the current levels.
Nexus Select Trust IPO subscribed 5.7x
The issue received over 155,000 applications and the institutional investor portion was subscribed 5.06 times while the other investor portion witnessed 6.55 times subscription at the upper end of the price band of ₹95-100 per unit.