Analysts bet on DCB Bank, Manappuram Finance & Global Health
ET looks at some of the stock recommendations by analysts of late. These stocks are expected to return between 16% and 23% as per analysts price targets.
Oktoberfest! Nifty's best month is coming if you believe in history
In the last 10 years, October has proved to be one of the best months for Nifty bulls as the index has given a positive monthly return in nine out of 10 times with an average return of 2.9%. JM Financial says this is the highest average return observed in any calendar month.
Gold loan deep dive: Banks in retreat, but no cakewalk for Manappuram, Muthoot
Gold loan companies may not see the same rate of growth as they have in the past, but are unlikely to be run over by banks as most investors fear, says Digant Haria, founder of Green Edge Wealth
F&O Ban: Hindustan Copper, ZEEL among 9 stocks under ban on Nifty expiry day
The MWPL for Hindustan Copper stood at 96.3% on Wednesday with OI reported by Trendlyne at 30.1 million. It was down 0.9% from the previous session. The MWPL for Delta Corp stood at 95.5% on Wednesday with OI reported by Trendlyne at 13.9 million. It was down 4.3% from the previous session.
F&O Ban: BHEL, IEX among 10 stocks under ban on Wednesday
Indian frontline indices fell on Monday amid profit-selling pressure in bank, IT and metals stocks. The S&P BSE Sensex snapped its 11-session winning streak as it ended at 67,596.84, down by 241.79 points or 0.36%. The broader Nifty50 fell by 69.80 points or 0.35% to close at 20,122.55. Meanwhile, banking gauge Nifty Bank settled at 45,942.65., lower by 288.85 points or 0.62%.
F&O Ban: ZEEL, REC among 10 stocks under ban on Monday
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%.
GIFT Nifty up 9 points; here's the trading setup for today's session
The rupee settled 1 paisa lower at 83.03 against the US dollar on Monday, as positive cues from domestic equity markets failed to allay investors' concerns over elevated crude prices.
GIFT Nifty down 10 points; here's the trading setup for today's session
The rupee snapped a four-day losing streak to close 24 paise higher at 82.99 against the US dollar on Friday, helped by a firm trend in domestic equities and suspected intervention by the RBI.
Manappuram Finance shares up as Kerala HC quashes ED case against MD & CEO
On May 5, 2o23, the ED had frozen assets worth Rs 143 crore of MD and CEO VP Nandakumar after it conducted raids as part of an investigation in a money laundering case.
Big movers on D-Street: What should investors do with Manappuram, Coforge and Mphasis?
The counter is trading into a rising channel pattern constantly after it rebounded from the support zone. The strong bullish momentum on weekly scale suggests that the counter is likely to maintain bullish continuation chart formation in the coming horizon.
According to the bulk deal data available with the BSE, Quinag Acquisition (FPI) disposed of 8,37,85,880 shares amounting to a 9.90 per cent stake in Manappuram Finance. The shares were offloaded at an average price of Rs 140.50 apiece, taking the transaction value to Rs 1,177.19 crore. At the end of June quarter, Quinag owned more than 8.37 crore shares which is equivalent to 9.90 per cent stake in the company, as per the shareholding data available with the BSE.
F&O Ban: PNB, Metropolis among 12 stocks under ban on Wednesday
Indian frontline indices S&P BSE Sensex and Nifty50 ended flat on Tuesday as gains in auto and FMCG stocks were overshadowed by weakness in banks and IT stocks. The S&P BSE Sensex ended at 65,220.03, up 4 points or 0.01% while the broader Nifty50 settled at 19,396.45, lower by 3 points or 0.01%.
GIFT Nifty down 60 points; here's what changed for market while you were sleeping
"In the near term, we expect the market to trade in a broader range with buying seen at lower levels. Stock specific action is likely to dominate," Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.
Hot Stocks | Manappuram Finance, HUDCO, Praj Industries may deliver up to 27% in short term
Given the prevailing conditions, the Nifty Index's trend in the short to medium term appears to be corrective, as long as it remains below the 19,645 levels.
Stocks to buy or sell today: 7 top trading ideas by experts for 17 August 2023
India VIX was up by 1.04% from 12 to 12.12 levels in the previous trading session. Volatility rose above 12.5 during the day but later cooled off thus paving way for the bulls at support zones.
Buy Manappuram Finance; target of Rs 180: Motilal Oswal
Motilal Oswal is bullish on Manappuram Finance recommended buy rating on the stock with a target price of Rs 180 in its research report dated August 10, 2023.
Gift Nifty down 30 points; here's what changed for markets while you were sleeping
"The result season is now coming to an end. Overall the earnings have been in the expected line. In the absence of any major trigger and uncertain global cues, we expect the market to consolidate in the range," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.
How Mannapuram maintains good NIMs and hopes to achieve 20% consolidated CAGR
"There is good demand in microfinance. In the first quarter, we have a little slowdown because there were some concerns about liquidity, even though there was no liquidity challenge, but those concerns are addressed. Now we have good liquidity for the company and we are targeting a growth of around 30-35% in Asirvad."
Trade Spotlight | Your game plan for Gland Pharma, Indian Bank, Manappuram Finance today
Gland Pharma has formed long bullish candlestick pattern with long lower shadow on the daily charts, indicating buying at lower levels, after a day of Dojj candlestick pattern formation.
Stocks soar! United Breweries, Tube Investments of India among 10 stocks which crossed 20-day SMA
Supreme Petrochem is a leading player in the Indian petrochemical industry, involved in the manufacturing and distribution of a wide range of plastic products. On July 21, 2023, the stock price closed at Rs 446.40, surpassing its 20-day SMA of Rs 440.34.
Indiabulls Housing, Delta Corp, Manappuram among most frequent entries in NSE F&O ban list
A security finds itself in the ban list when the aggregate open interest for any scrip exceeds 95 percent of the market-wide position limit. The MWPL, calculated on the basis of aggregate open interest futures and options contracts is linked to the free float market capitalisation. It is capped at 20 percent of the public shareholding
Maruti, HUL among 10 stocks with RSI trending down
On July 19, 12 stocks were reportedly trending down in relative strength index (RSI), which measures the speed and change of price movements. Stocks with an RSI of 70 or greater are considered overbought, while those under 30 suggest the stock is oversold. Stocks identified by ETMarkets as trending down on July 19 included Maruti Suzuki India, UNO Minda and Hindustan Unilever.
F&O Ban: Delta Corp, RBL Bank among 6 stocks under ban on Thursday
The F&O contracts of any stock enter the ban period when the open interest (OI) on it crosses 95% of the market-wide positions limits or MWPL. The ban on it is reversed only if the open interest falls below 80%. Traders who trade in indices do not encounter a situation of security ban.
GIFT Nifty down 10 points; here's what changed for market while you were sleeping
"Going forward, we expect the positive momentum to continue on the back of healthy earnings, consistent FII inflows, and improving monsoon," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.
GIFT Nifty down 60 points; here's what changed for market while you were sleeping
"Going forward, we expect the positive momentum to continue on the back of healthy earnings, consistent FII inflows, and improving monsoon," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services.
Apollo Tyres, Mazagon Dock and 8 other small cap stocks touch fresh 52-week highs
Several BSE SmallCap stocks reached new 52-week highs on July 11, including Apollo Tyres, Bombay Burmah Trading Corp, Kalyan Jewellers, IIFL Finance, Manappuram Finance, KIMS Hospitals, CCL Products, Chalet Hotels, and Mazagon Dock Shipbuilders. The companies cover a diverse range of industries, from jewellery and hospitality
Singh will be moving permanently to London, the sources added. He joined Apax in 2004 in its London office and moved to the India office in 2007 and took charge after Neeraj Bharadwaj left the firm for Carlyle Group in 2013.
F&O Ban: L&TFH, Manappuram Finance under ban on Wednesday
On June 28, 2023, L&T Finance Holdings (L&TFH) and Manappuram Finance stocks were placed under the F&O ban. However, they were still available for trading in the cash market. The ban is imposed when the open interest on a stock exceeds 95% of the market-wide position limits, and is lifted when the open interest falls below 80%. These bans do not affect traders who trade in indices. The stocks were banned due to their high open interest, with L&TFH experiencing a significant increase from the previous session.