Top 5 stocks that moved the most on December 9

Benchmark indices saw a lot of pain on December 9. At one point, Sensex was down over 600 points and finally closed 0.62 percent lower at 62,181, down 389 points. Nifty shed 112.70 points to end at 18,496. About 1199 shares advanced, 2220 shares declined, and 113 shares were unchanged. Here are the top 10 stocks that moved the most

Yes Bank | CMP: Rs 19.85 | The stock gained over 11.8 percent after the private sector lender on December 9 said it has received two letters from the Reserve Bank of India pertaining to its deals with CA Basque Investments and Verventa Holdings Limited. Now, the bank plans to engage with the investors to complete its fund raising.

Digispice Technologies | CMP: Rs 26.10 | The stock closed 9.6 percent lower after the company's chief executive officer tendered his resignation. He will be serving his notice period till 31 January, 2023.

V-Guard | CMP: Rs 259.80| The stock gained over 4 percent after the company signed definitive agreements for acquiring 100 percent stake in Sunflame Enterprises for a consideration of Rs 660 crore, on a cash-free, debt-free basis.

IDBI Bank | CMP: Rs 54.75 | The stock shed 5.6 percent after sources said that the timeline for receiving EoIs (expression of interest) for the bank's privatisation may be extended up to early January.

Som Distilleries | CMP: Rs 145 | The stock gained 2.65 percent after the board approved fund raise of Rs 49 crore via rights issue of shares. The company is also executing an expansion plan of Rs 100 crore for setting up a new canning facility and other utilities at Bhopal Plant and expanding brewing facility in Hasan plant.

Sun Pharma | CMP: Rs 993 | The stock gained 1.24 percent after brokerages said that impact of 'import alert' on Halol plant will have insignificant impact on revenue and profit. "US generics story stopped being material for company since 2019-20," noted Bernstein. It has an Outperform call on the stock with target at Rs 1099 per share.

Telegram Channel for Bank Nifty Calls

Top 5 stocks that moved the most on November 29

Benchmark indices ended higher on November 29 with Nifty around 18600. At close, the Sensex was up 177.04 points or 0.28% at 62,681.84, and the Nifty was up 55.20 points or 0.30% at 18,618.

The scrip jumped over 4 percent after CLSA upgraded the outlook on the stock of the payment services company from 'sell' to 'buy'. The recent price correction makes risk-reward "favourable", CLSA said, adding that the company has more than $1 billion cash on the balance sheet. "While our interactions with several investors over the past four months suggest some discomfort or uncertainty on scaling up the lending business, we think that the stock warrants a look now," it said.

Bandhan Bank | CMP: Rs 234.10 | The share price jumped over 4 percent after global brokerage firm CLSA upgraded the stock to buy from outperform with the target at Rs 300 per share. It believes that the bank is likely to benefit from the cyclical recovery in MFI collections/growth.

SBI | CMP: Rs 608.10 | The scrip ended marginally in the red on November 29. State Bank of India (SBI) approved raising Rs 10,000 crore through infrastructure bonds during the financial year 2023, the lender said in an exchange filing. "Raising Infrastructure Bonds up to an amount of Rs. 10,000 crores (including a green shoe option of Rs. 5,000 crores) through a public issue or private placement, during FY23," the release said. On November 24, the SBI's Executive committee of the Central Board consider raising funds through the issuance of infrastructure bonds worth up to Rs 10,000 crore during FY23.

Lyka Labs | CMP: Rs 144 | The stock price ended in the green on November 29. The SEBI Appellate Tribunal (SAT) has lifted the ban imposed on pharmaceutical company Lyka Labs from accessing the capital markets, the pharma company told stock exchanges on November 29. Britannia IndustriesLyka Labs was debarred from buying, selling, or dealing in securities in June 2020 by the Securities and Exchange Board of India (SEBI) in a matter pertaining to the alleged manipulation in the issuance of global depository receipts (GDR).

Britannia Industries | CMP: Rs 4,275 | The scrip ended in the green on November 29. The FMCG major has entered into a Joint Venture Agreement with Bel SA, France, and Britannia Dairy Private Limited on 29th November 2022 to undertake the development, manufacturing, marketing, distribution, trading, and selling, etc., of cheese products in India and certain other countries. As a part of the JVA, Britannia shall sell and transfer 49% of its equity stake in its wholly-owned subsidiary, BDPL, to Bel.

Stock Market Today

Top 5 stocks that moved the most on November 25

Benchmark indices ended on a flat note on the first day of the December series amid volatility. At close, the Sensex was up 20.96 points or 0.03% at 62,293.64, and the Nifty was up 28.70 points or 0.16% at 18,512.80.

Biocon | CMP: Rs 282.10 | The share price rose over 2 percent on November 25. Biocon Biologics allotted equity shares worth Rs 2,205.63 crore to parent company Biocon. Its stake in Biocon Biologics will be 88.85% post allotment of shares.

PB Fintech | CMP: Rs 458.50 | The stock jumped over 6 percent after hedge fund WF Asian Smaller Companies Fund bought 67.75 lakh shares in Policybazaar operator via open market transactions, which is 1.5 percent of total paid-up equity. The fund has purchased 34.21 lakh shares on the NSE and 33.53 lakh shares on the BSE, at an average price of Rs 400 per share. The stake buy was worth Rs 271 crore.

Hariom Pipe Industries | CMP: Rs 317.90 | The stock price surged over 11 percent after the company completed the setting up of its 15-tonne electric melting furnace and the commercial production from the same will commence from November 25, 2022. This will increase the company's production of MS billets from the current 95,832 MTPA to 1.04 lakh MTPA.

Keystone Realtors | CMP: Rs 566 | The stock ended in the green on November 25. Plutus Wealth Management LLP bought 17.1 lakh shares or 1.5% stake in the Rustomjee Group company Keystone Realtors at an average price of Rs 555.03 per share.

Engineers India | CMP: Rs 80.30 | The stock ended in the green after the firm said that it has been awarded the job by Mangalore Refinery & Petrochemicals Limited (MRPL) for preparation of BDEP, DFR and pre-project activities for the bio-ATF plant at MRPL. The bio-ATF plant, having non-edible oils and used in cooking oil as feedstock, shall be the first of its kind in India and based on technology developed by CSIR-IIP and EIL. Bio-ATF also known as Sustainable Aviation Fuel (SAF) fuels will contribute to India's net zero carbon emission target, the company said in its release.

Bank Nifty Price, Nifty Stocks, Nifty Option, Bank Nifty Option Price, Options Stock, Equity Sensex

5 stocks that moved the most on November 11

Mahindra and Mahindra | CMP: Rs 1,289 | The share price ended in the red on November 11. The automobile major said it had closed Q2FY23 with a net profit of Rs 2,089.92 crore. The company said during the period under review, it had earned an operational revenue of Rs 20,839.27 crore (PY Q2 Rs 13,314.38 crore) and a net profit of Rs 2,089.92 crore (Rs 1,433.45 crore).

Zomato | CMP: Rs 72.65 | The stock price surged over 13 percent after the food aggregator posted a net loss of Rs 251 crore for the quarter ended September FY23, narrowing sharply from a loss of Rs 430 crore in the year-ago period with a strong top line and improved operating performance. Revenue from operations at Rs 1,661 crore was up 62% from the year-ago period and EBITDA loss narrowed to Rs 311 crore from Rs 536 crore in the same period. Global research firm Jefferies upgraded the stock to "buy" with the target at Rs 100 a share, an upside of 42 percent from the current market price.

Hindalco Industries | CMP: Rs 428.35 | The stock jumped over 3 percent despite the firm reporting a 36 percent drop in consolidated net profit at Rs 2,205 crore for the quarter ended September 30, 2022 from Rs 3,427 crore in the year-ago period following a decline in aluminium prices and rising input costs. On a sequential basis, the drop was 46 percent from Rs 4,119 crore, its highest-ever quarterly profit, in the April-June period. Consolidated revenue for the Aditya Birla Group flagship company rose 18 percent on-year to Rs 56,176 crore from Rs 47,665 crore in the year-ago quarter. Sequentially, the revenue was marginally down 3 percent from Rs 58,018 crore.

Hindustan Aeronautics | CMP: Rs 2,484 | The share price added 2 percent after the firm reported a  YoY 44.2% jump in net profit at Rs 1,221.2 crore against Rs 846.8 crore. Revenue was down 7.3% at Rs 5144.8 crore against Rs 5,552 crore (YoY).

Jindal Steel & Power | CMP: Rs 499 | The scrip jumped 5 percent after the firm recorded a 92.3% year-on-year decline in consolidated profit at Rs 200 crore for the quarter that ended September 30, 2022, impacted by dismal operating performance and a fall in the top line. Revenue from operations fell 0.7% YoY to Rs 13,521.4 crore in Q2FY23. EBITDA tanked 58% to Rs 1,931.4 crore and the margin contracted 1,950 bps to 14.3% from the year-ago period. JSPL has prepaid its entire overseas long-term debt.

Equity Benchmark, Bank Nifty Option, Share Market Today, Share Market Today, Share Market Today

2

Top 5 stocks that moved the most on November 1

Benchmark indices closed higher for the fourth consecutive session on November 1 with the Nifty above 18,100. At close, the Sensex was up 374.76 points or 0.62 percent at 61,121.35, and the Nifty was up 133.20 points or 0.74 percent at 18,145.40.

Tata Steel | CMP: Rs 101.20 | The stock ended in the red on November 1. The steel major reported an 87 percent on-year decline in consolidated net profit at Rs 1,514 crore for the September quarter. Tata Steel's profit declined 80 percent sequentially. Consolidated revenue remained flat with a marginal decline of 1 percent year-on-year to Rs 59,878 crore. It was down 6 percent on-quarter. CLSA has downgraded the stock to 'sell' and cut the target price to Rs 90 from Rs 110 per share.

Adani Ports | CMP: Rs 840.90 | The share price was up over 2 percent after the firm reported a strong set of quarterly numbers on a YoY basis. Its consolidated net profit for the September quarter jumped 68.5 percent YoY to Rs 1,677.48 crore. Consolidated revenue from operations grew 32.8 percent to Rs 5,210.80 crore on the back of cargo volume growth. Revenue from the company's Port and SEZ activities rose to Rs 4,609.29 crore in the September quarter from Rs 3,530.68 crore last year.

Tech Mahindra | CMP: Rs 1,067.95 | The stock ended in the green after the firm declared its September quarter earnings. The company reported a 4 percent year-on-year fall in consolidated net profit at Rs 1,285 crore for the quarter ended September 30, higher than analysts' estimate of Rs 1,224 crore. Sequentially, net profit jumped 13.6 percent from Rs 1131.6 crore in the June quarter. Consolidated revenue from operations for the quarter came in at Rs 13,129.5 crore, higher by 3.3 percent sequentially and 20.6 percent year-on-year. Revenue stood at Rs 10,881.3 crore in the same quarter last fiscal. In dollar terms, the company's revenue stood at $1,638 million, up 0.3 percent QoQ and up 11.2 percent YoY, broadly in-line with analyst estimates. In constant currency terms, revenue growth came in at 2.9 percent QoQ.

Sun Pharmaceutical Industries | CMP: Rs 1,033 | The scrip ended in the green on November 1. The company reported an 8.2 percent year-on-year rise in consolidated net profit to Rs 2,260 crore for the quarter ended September, higher than analysts' estimate of Rs 1,968.4 crore. The drugmaker reported a 13.8 percent growth in consolidated revenue from operations to Rs 10,952.3 crore for the quarter, in line with analysts' estimates. During the quarter, the company booked foreign exchange-related losses of Rs 240 crore as against Rs 76 crore in the year-ago quarter, the company said.

UPL | CMP: Rs 718.30 | The stock ended in the red on November 1. The firm reported a 28.4 percent year-on-year rise in consolidated net profit at Rs 814 crore, slightly lower than analyst expectations of Rs 831 crore. Net profit stood at Rs 633 crore in the same quarter last fiscal. The company's Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) for Q2FY23 stands at Rs 2,768 crore and EBITDA margin at 22.1 percent as against 19.4 percent in the year-ago period. The company's gross debt as of September 30 stood at Rs 32,550 crore, an increase from Rs 30,123 crore at the end of the June quarter. Net debt also increased to Rs 28,512 crore from Rs 26,480 crore in the June quarter.

Stock Market TodayStock Market TodayStock Market TodayStock Market TodayStock Market TodayStock Market TodayStock Market TodayStock Market TodayStock Market TodayStock Market Today

Top 5 Shares that move most on 31st Oct

Life Insurance Corporation | CMP: Rs 603.85 | The scrip was up close to 2 percent on reports that the company plans to pay dividends or issue bonus shares to shareholders. The state-owned insurer is reportedly planning to transfer nearly $22 billion from policyholders' funds into a fund earmarked to pay dividends or issue bonus shares. The move is aimed at shoring up both its own net worth and investor confidence, according to a Reuters report.

Bharti Airtel | CMP: Rs 832 | The stock ended higher by almost 2 percent. Its consolidated net profit for the September quarter rose 89 percent to Rs 2,145.2 crore from Rs 1,134 crore a year back. The figure was in line with analysts' projections. Its total revenue came in at Rs 34,526.8 crore, up 22 percent from Rs 28,326.4 crore reported in the corresponding quarter last year. Analysts had estimated a 75 to 110 percent year-on-year (YoY) growth in net profit while revenue growth was pegged at around 20 percent.

Gland Pharma | CMP: Rs 1,787 | The stock price was down over 4 percent on fears of a likely distress sale of stake by its promoter entity Fosun Pharma Industrial Pte, dealers said. Fosun Pharma holds 57.86 percent of Gland Pharma, which has a strong presence in injectables export to regions like the US and Europe. Fosun International was recently downgraded deeper into 'junk' rating by credit rating agencies as the storm in the Chinese real estate market swept other sectors of the economy, according to a report by Forbes magazine.

Bandhan Bank | CMP: Rs 239.40 | The share price declined over 9 percent on October 31. The private sector lender posted a net profit of Rs 209 crore for the September quarter against a loss of Rs 3,008 crore a year ago, far below Street expectations. Net interest margin (NIM) slipped 100 basis points quarter-on-quarter to seven percent from eight percent. Asset quality showed very little improvement with gross net performing assets (NPA) at 7.2 percent versus 7.3 percent a quarter ago and net NPA flat at 1.9 percent. With slippages during the quarter in review at Rs 3,954 crore, analysts expect credit costs, which stood at 5.3 percent as against 2.7 percent in the June quarter, to remain high. Credit Suisse has trimmed the target price on the stock to Rs 330 from Rs 360. It expects credit costs to moderate in the second half of this fiscal but has cut FY23-25 EPS estimates by 9-19 percent.

Dr Reddy's Laboratories | CMP: Rs 4,427.45 | The scrip ended in the red on October 31. The company reported 12 percent growth in consolidated post-tax profit at Rs 1,113 crore during the September quarter defying analysts who had expected a drop in the bottom line. The drug firm reported a growth of 9 percent in consolidated revenues at Rs 6,306 crore in the September quarter. Sales from the North American market, nearly 50 percent of overall sales, grew 48 percent to Rs 2,800 crore during the quarter under review. With an outperform call on the stock, global brokerage Macquarie said, "Revlimid generic is living up to the expectations as September quarter numbers were better than expected. Management expects continued contribution from Revlimid in upcoming quarters." It has a target price of Rs 4,915 per share.

Stock Market Today Stock Market Today Stock Market Today Stock Market Today Stock Market Today Stock Market Today Stock Market Today Stock Market Today Stock Market Today Stock Market Today Stock Market Today

Top Stock that move Most on 28th Oct

Indian equity benchmark indices ended higher in a highly volatile session on the monthly expiry day on October 27. The Sensex ended 212.88 points, or 0.36% higher, at 59,756.84, and the Nifty was up 80.70 points, or 0.46%, at 17,737.

Gland Pharma | CMP: Rs 1,898 | The share price of Gland Pharma declined 14.71 percent after the company reported a 20 percent year-on-year decline in profit at Rs 241.2 crore for the quarter ended September FY23, dented by weak topline as well as operating performance. Revenue for the quarter fell 3 percent YoY to Rs 1,044.4 crore. Citi has a "sell" call on the stock with the target price cut to Rs 1,920 from Rs 2,140 a share.

Dabur | CMP: Rs 551 | Share price of Dabur surged 3.5 percent after the company reported a market share gain across 95 percent of its portfolio in Q2FY23 and also announced the acquisition of Badshah Masala to expand its food business. Goldman Sachs has a "buy" call on the stock with a target price of Rs 680 apiece.

V-Guard | CMP: Rs 253 | The company reported a 26.8 percent fall in its Q2 net profit at Rs 43.6 crore versus Rs 59.4 crore. Mithun. K Chittilappilly, Managing Director, VGuard Industries, said "Margins for the quarter were impacted by the sale of higher cost wires inventory at relatively lower realizations due to a fall in copper prices. We should see margins returning to pre-Covid levels over the next two quarters." The stock ended 2.43 percent lower.

Indian Metals & Ferro Alloys | CMP: Rs 240.25 | The stock declined 6.19 percent as the company posted a 88.7 percent fall in its Q2FY23 net profit at Rs 16.3 crore against Rs 143.6 crore, while revenue was up 3 percent at Rs 672.5 crore versus Rs 653.2 crore, YoY.

Kaveri Seed | CMP: Rs 483 | Share price jumped after the board of directors approved the proposal for buying back the company's fully-paid equity shares having a face value of Rs 2 for an aggregate amount of Rs 125 crore at a price not exceeding Rs 700 per share. The stock ended 5.7 percent higher.

JSW Steel | CMP: Rs 680.90 | The company's US arm has raised $182 million from two Italian banking institutions—Intesa Sanpaolo and Banco BPM—to fund the modernising of its plate mill facility in Baytown, US. Despite posting a loss in Q2FY23, the steel major has maintained its FY22-23 volume guidance of 24-25 million tonnes, which has been cheered by investors. The stock was the top Nifty gainer on October 27,  up 5.8 percent.

Bank Nifty Tips
nse stock market
nse stock market
shares investment
Bank Nifty Tips
Open Demat Account
share market
stock to trade
Bank Nifty Tips
stock to trade
share market
share market
shares investment
nse stock market
nse stock market
Open Demat Account
Open Demat Account
nse stock market
stock to trade
share market

Top 5 stocks that moved the most on October 25

Indian benchmark indices snapped a seven-day winning streak to ended lower on October 25. At close, the Sensex was down 287.70 points or 0.48% at 59,543.96 and the Nifty was down 74.50 points or 0.42% at 17,656.30.

Vodafone Idea | CMP: Rs 8.60 | The stock was down 1.2 percent after the company's board on October 21 approved a plan to sell Rs 1,600 crore worth of convertible bonds to ATC Telecom Infrastructure. The funds will be used to pay some of the pending dues to the tower operator.

MCX | CMP: Rs 1,488.65 | The stock gained almost 9 percent after the company reported a stellar September quarter, attracting investors. The company said its net profit increased by 94 percent YoY to Rs 63.27 crore. Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter increased by 68 percent to Rs 83.84 crore.

Nykaa | CMP: Rs 1,100 | Share price of FSN E-Commerce Ventures, the parent of Nykaa, fell 2.9 percent to drop below its initial public offering price of Rs 1,125. Pre-IPO investors' lock-in expires on November 10. JM Financial is of the view that around 67 percent or 31.9 crore shares are likely to open for trade on the expiry day.

RIL | CMP: Rs 2441.80 | The share price of oil-to-telecom major Reliance Industries dropped 1.5 percent. On October 21, the company reported a marginal drop in consolidated net profit at Rs 13,656 crore for the quarter ended September 30, 2022 as against Rs 13,680 crore in the year-ago quarter. HSBC has a "hold" call on the stock, with the target cut to Rs 2,500. "We cut refining margin assumptions, resulting in FY23-25 estimate declining 3-7 percent," the brokerage noted. (Disclaimer: Moneycontrol is a part of the Network18 group. Network18 is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.)

JSW Steel | CMP: Rs 644.30 | The stock gained 2.3 percent despite the company posting a loss of Rs 915 crore in Q2FY23. The company expects to stick to its volume guidance of 24-25 million tonnes for the financial year due to increased domestic market share. The management also expects net debt to be brought down by Rs 5,000 crore in the next two quarters.

Equity Market

Top 5 stocks that moved the most on October 20

Asian Paints | CMP: Rs 3,145 | The share price shed over 2 percent on October 20 despite the company reporting a 32 percent year-on-year (YoY) growth in consolidated net profit at Rs 803 crore for the quarter ended September 2022, aided by price hikes. Net profit stood at Rs 605 crore in the same quarter last fiscal. Sequentially, the profit declined 22 percent from Rs 1,036 crore recorded in June quarter of FY23. The net profit figure is sharply below analyst expectations of Rs 1,068 crore.

IndusInd Bank | CMP: Rs 1,158 | The stock price declined 5 percent on October 20. IndusInd Bank posted a 57 percent year-on-year rise in net profit this September quarter. Its net profit stood at Rs 1,805.3 crore in Q2FY23 against Rs 1,146.7 crore in Q2FY22. The private lender's net profit rose 10.6 percent quarter-on-quarter (QoQ) from Rs 1,631 crore in Q1FY23. Operating profit has gone up 10 percent year-on-year (YoY) and 3 percent sequentially to Rs 3,554 crore. CLSA has downgraded the stock to outperform with target at Rs 1,400 per share. It is of the view that close to fair multiples and liability improvement will be the key. NIM was largely stable and will improve materially while asset quality improvement continues. Credit costs over the next 12-18 months is not a concern, the brokerage firm said.

Canara Bank | CMP: Rs 259.30 | The stock gained over 4 percent after its September quarter numbers came in ahead of analysts' expectations despite elevated provisions. The public sector lender recorded an 89.5 percent year-on-year growth in standalone profit at Rs 2,525 crore for the quarter ended September FY23, aided by lower tax costs and healthy net interest income. Higher other income and operating performance also supported profitability with improved asset quality.

Delhivery | CMP: Rs 473 | The stock tumbled over 15 percent after the logistics company said it expects moderate growth of shipment volumes for the rest of FY23 due to high inflation, average user spends, and total active shoppers remaining flat or declining during the ongoing festive season. With Delhivery being one of the major players in third-party e-commerce logistics, the company's guidance on flat festive sales and moderate growth in FY23 is expected to have an impact on the outlook for the broader e-commerce segment.

Cigniti Technologies | CMP: Rs 584 | The scrip jumped over 5 percent after the firm posted 87.4 percent jump in its Q1 net profit at Rs 41.5 crore versus Rs 22.2 crore, YoY.

Best Stock To Buy Today

IndusInd Bank top index losers despite robust Q2 profit; brokerages expect up to 25% upside

Shares of IndusInd Bank declined over 3 percent in the early trade on October 20, a day after the bank announced its Q2 earnings. IndusInd Bank posted a 57 percent year-on-year rise in net profit this September quarter. Its net profit stood at Rs 1,805.3 crore in Q2FY23 against Rs 1,146.7 crore in Q2FY22. The private lender's net profit rose 10.6 percent quarter-on-quarter (QoQ) from Rs 1,631 crore in Q1FY23. Operating profit has gone up 10 percent year-on-year (YoY) and 3 percent sequentially to Rs 3,554 crore.

Provisions fell 33 percent YoY to Rs 1,141 crore in Q2FY23 from Rs 1,706.9 crore in Q2FY22, and it fell 8.7 percent QoQ from Rs 1,250.9 crore in Q1FY23. Its gross NPA as a percentage of its total loan book fell to 2.11 percent in Q2FY23 from 2.77 percent in Q2FY22, and from 2.35 percent in Q1FY23. The value of Gross NPA was Rs 5,567 crore in Q2FY23, which was a 10.8 percent YoY fall from Rs 6,245 crore in Q2FY22 and a 6.1 percent QoQ fall from Rs 5,932.9 crore.

The lender's loans went up 18 percent YoY and 5 percent QoQ to Rs 2,60,129 crore in Q2FY23. Deposits rose 15 percent YoY and 4 percent QoQ to Rs 3,15, 532 crore in Q2FY23. The bank's CASA has increased 15 percent YoY and 2 percent QoQ to Rs 1,33,525 crore, while the term deposits jumped 14 percent YoY and 6 percent QoQ to Rs 1,82,007 crore.

At 09:22 hrs IndusInd Bank was quoting at Rs 1,174.30, down Rs 44.05, or 3.62 percent on the BSE. It has touched an intraday high of Rs 1,217 and an intraday low of Rs 1,150.45.

Here what brokerages have to say after the bank's Q3 results:

Macquarie

The global research firm has maintained its outperform call on the stock with target at Rs 1,400 per share, an upside of over 19 percent from the current market price. "RoA expansion continues to impress us while strengthening asset quality is confidence inspiring. Reduction in slippage ratio to 2.5 percent from 3.7 percent a key highlight. Credit growth outlook positive amidst rising interest rate environment," it said, according to a CNBC-TV18 report.

Best Stock To Buy Today

Top 4 stocks that moved the most on October 18

ACC | CMP: Rs 2,219 | The share price shed over 2 percent on October 18. The company posted losses in the quarter that ended in September 2022. ACC on October 17 reported a standalone loss of Rs 91 crore for the quarter, as against a post-tax profit of Rs 449 crore a year back, while it had posted a net profit of Rs 222 crore in the June quarter this year. Morgan Stanley has maintained an 'underweight' rating on the stock and cut the target price to Rs 1,950 from Rs 2,050 per share. Jefferies has kept the buy call on ACC with a target price at Rs 3,000 per share.

Samvardhana Motherson International | CMP: Rs 64.10 | The scrip tumbled over 7 percent after 14.6 crore shares changed hands in multiple trades representing a 4.6 percent stake worth Rs 952 crore, CNBC-TV18 reported. The deal was carried out at an average of Rs 65 per share. On October 17, Japan-based Sojitz Corp announced it will sell a 1.9 percent stake in Samvardhana Motherson through a block deal, the floor price for which was set at Rs 64.36 per share.

Tata Communications | CMP: Rs 1,239 | The scrip added over 3 percent after the Tata Group company reported a 25.13% rise in consolidated net profit to Rs 532.29 crore on a 6.15% increase in net sales to Rs 4,430.74 crore in Q2 FY23 over Q2 FY22. On a sequential basis, net profit slipped 2.11% while net sales rose 2.79% in Q2 FY23 over Q1 FY22. Sequentially, growth in revenue followed upsides in the Data business, the company stated. Consolidated EBITDA stood at Rs 1,130 crore in Q2 FY23, registering a growth of 4.9% quarter on quarter (QoQ) and a rise of 1.5% year on year (YoY). Margins improved to 25.5% in Q2 FY23, expanding by 50 basis points QoQ while declining by 120 basis points YoY.

Sonata Software | CMP: Rs 501 | The share price ended in the red despite the company posting a 4.5 percent jump in its Q2 net profit at Rs 112.7 crore versus Rs 107.8 crore. However, its revenue was down 15.9% at Rs 1496 crore against Rs 1778 crore, QoQ.

best stocks to buy today

Top 5 stocks that moved the most on October 12

IndusInd Bank | CMP: Rs 1,190.15 | The stock price added over 2 percent after Goldman Sachs Investment (Mauritius) acquired 69,66,712 equity shares in IndusInd Bank via open market transactions at an average price of Rs 1,167.53 a share. However, Route One Fund I LP sold 1.2 crore shares at an average price of Rs 1,168.26 a share.

Coal India | CMP: Rs 232.05 | The scrip rose over 2 percent on October 12. State-owned Coal India Ltd has signed agreements with three public sector undertakings—Bharat Heavy Electricals Ltd (BHEL), Indian Oil Corporation Ltd, and GAIL (India) Ltd—to set up four surface gasification projects. It aims to gasify 100 million tonnes (mt) of coal into syngas for use in downstream production of value-added chemicals in the next eight years to reduce the import of crude oil, which is used to produce syngas.

Wipro | CMP: Rs 408.55 | The share price ended in the green. The company said after market hours that its consolidated net profit for the quarter ended September 30, 2022 fell 9.27 percent to Rs 2,659 crore from Rs 2,930 crore in the year-ago period. The Bengaluru-based company's revenue from operations stood at Rs 22,539.7 crore, a 14.60 percent growth over Rs 19,667.4 crore in the year-ago quarter. Sequentially, the revenue increased 4.69 percent from Rs 21,528.6 crore in the previous quarter. Profit was up 3.71 percent from Rs 2563.6 crore in the previous quarter.

PVR | CMP: Rs 1,723 | The stock ended in the green after the company's shareholders approved the merger with Inox Leisure. The announcement was notified in a regulatory filing by Inox Leisure. The two boards of the country's largest multiplex chain operators approved an all-stock merger to create a film exhibition entity with a network of more than 1,500 screens.

Delta Corp | CMP: Rs 217 | The stock ended in the red on October 12 even though the company recorded its highest consolidated revenue of Rs 651 crore and net profit of Rs 125 crore for the half year of FY 2022-23. Investors believe a 28 percent GST consideration on casino business is a key overhang on the stock, however, Delta Corp's management clarified in Q1FY23 earnings call that "the casino business operating out of Goa right from July 1, 2017, has been paying a 28 percent GST. So as far as we are concerned, there will not be any impact from GST perspective".

Marksans Pharma | CMP: Rs 48.40 | The scrip jumped 4 percent after the company entered into a business transfer agreement with Tevapharm India Private Limited on October 12 for acquire business relating to the manufacture and supply of bulk formulations in Plot No. Al, Phase l-A, Verna Industrial Estate, Verna in  Goa as a going concern on a slump sale basis.

shares to buy today

Stocks to Watch Today | D-Mart, KEC International, NCC, HDFC

KEC International: The infrastructure EPC company has secured orders worth Rs 1,407 crore across segments. The transmission and distribution segment received orders from the Middle East, while the railways business has bagged an order for signaling and telecommunication works. Its year-to-date order intake now stands at Rs 8,400 crore.

Dilip Buildcon: The road construction company through its joint venture RBL-DBL has received a letter of acceptance (LOA) for its Surat Metro Rail Project in Gujarat. The order is worth Rs 1,061 crore.

Vedanta: The company said its alumina production at Lanjigarh refinery decreased 11 percent YoY to 4.54 lakh tonnes due to scheduled maintenance, and at Zinc India, reported the highest-ever second quarter mined metal production at 2.55 lakh tonnes, up 3 percent YoY, driven by better grades and improved mill recoveries. In the steel segment, its total saleable production increased by 11 percent YoY to 3.25 lakh tonnes on account of the completion of debottlenecking activities in Q1FY23.

Avenue Supermarts: The D-Mart operator announced standalone revenue for the quarter that ended September 2022 at Rs 10,384.66 crore, up significantly by 36 percent from Rs 7,649.64 crore in the same period last year. The total number of stores as of September 2022 stood at 302.

NCC: The company received a new order for Rs 393 crore in September, which is related to its building division. The company received this order from state government agencies.

Bank of Maharashtra: The PSU bank recorded 7.86 percent YoY growth in deposits at Rs 1.95 lakh crore, while gross advances grew by 28.65 percent to Rs 1.48 lakh crore in the quarter ended September 2022. The total business during the quarter increased by 15.93 percent to Rs 3.44 lakh crore.

https://anotepad.com/notes/j9wwqfdg
https://txt.fyi/-/22246/f3b60652/
https://www.pearltrees.com/odonnell28odonnell/item461571126
https://www.click4r.com/posts/g/5836328/is-your-investment-history-peppered-with-disappointments-everyone-wants-to-make-a-buck-in-the-stock-market-but-there-are-some-strategies-that-must-be-learned-in-order-to-find-investing-success-read-this-whole-article-the-more-you-read-the-more-youll-learn-and-the-better-your-chances-are-of-earning-everything-youre-capable-of-earning
https://chu-steen.federatedjournals.com/familiarizing-yourself-with-the-stock-market-can-be-a-great-way-to-make-some-extra-cash-on-the-side-or-even-create-a-primary-source-of-income-many-people-have-heard-others-ad-1662282633
http://odonnell98odonnell.xtgem.com/__xt_blog/__xtblog_entry/__xtblog_entry/28626237-it-can-be-exciting-to-jump-into-the-stock-market.-depending-on-how-much-you-are-willing-to-risk-and-what-your-investment-goals-are-there-are-countless-ways-to-invest.-regardless-of-the-investment-method-you-choose-a-fundamental-understanding-of-the-stoc?__xtblog_block_id=1#xt_blog
https://lessontoday.com/profile/jensby59ulriksen/activity/2152047/
https://pastelink.net/rvtpprvs
https://justpaste.me/UlfT1
https://penzu.com/p/aa778baa
https://anotepad.com/notes/mb43hj4i
https://txt.fyi/-/22246/37312049/
https://www.pearltrees.com/odonnell28odonnell/item461571127
https://www.click4r.com/posts/g/5836329/navigate-your-way-around-the-stock-market-with-these-money-making-tips
https://chu-steen.federatedjournals.com/how-to-use-the-stock-market-to-make-money-1662282633
http://odonnell98odonnell.xtgem.com/__xt_blog/__xtblog_entry/__xtblog_entry/28626235-investing-in-the-stock-market-can-bring-lucrative-rewards.-however-it-can-also-bring-frustration-and-failure-if-the-market-is-not-approached-correctly.-to-avoid-the-possibility-of-this-investors-must-have-a-good-understanding-of-investment-and-how-the-m?__xtblog_block_id=1#xt_blog
https://justpaste.me/Ulef2
https://lessontoday.com/profile/jensby59ulriksen/activity/2152048/
https://pastelink.net/6ci43rpz
https://www.pearltrees.com/woodruff47mackinnon/item461566672
https://txt.fyi/-/22246/15aa4202/
https://anotepad.com/notes/2r5iwf6r
https://www.click4r.com/posts/g/5835723/investing-in-the-stock-market-is-becoming-more-popular-than-ever-particularly-in-this-economy-as-people-are-trying-to-seek-out-bargains-in-order-to-fill-out-a-long-term-plan-if-you-want-to-get-involved-in-the-stock-market-this-is-the-perfect-time-continue-reading-for-some-great-investing-tips-that-will-help
http://mackinnon13mackinnon.xtgem.com/__xt_blog/__xtblog_entry/__xtblog_entry/28625603-increase-your-wealth-easy-tips-for-investing-in-the-stock-market?__xtblog_block_id=1#xt_blog
https://byrd-jacobs.federatedjournals.com/what-everyone-investing-in-the-stock-market-ought-to-know-1662280088
https://pastelink.net/vy69wbrx
https://justpaste.me/Ul031
https://txt.fyi/-/22246/21652023/
https://www.pearltrees.com/woodruff47mackinnon/item461566671
https://anotepad.com/notes/xsrjg4da
https://www.click4r.com/posts/g/5835721/best-guide-on-how-to-be-successful-in-the-stock-market
http://mackinnon13mackinnon.xtgem.com/__xt_blog/__xtblog_entry/__xtblog_entry/28625601-today-s-economy-is-failing.-you-can-no-longer-rely-on-being-able-to-get-a-job-to-be-able-to-pay-your-bills.-most-people-today-are-lucky-to-make-minimum-wage-and-anyone-who-makes-more-tends-to-have-so-much-debt-that-they-can-t-survive.-included-here-are?__xtblog_block_id=1#xt_blog
https://byrd-jacobs.federatedjournals.com/stock-market-tips-that-will-truly-change-your-life-1662280088
https://justpaste.me/Ul0Y1
https://pastelink.net/ijf3fzd6
https://txt.fyi/-/22246/febb9d16/
https://www.pearltrees.com/woodruff47mackinnon/item461566676
https://anotepad.com/notes/w2a9e5iy
https://www.click4r.com/posts/g/5835722/investing-in-the-stock-market-is-becoming-more-popular-than-ever-particularly-in-this-economy-as-people-are-trying-to-seek-out-bargains-in-order-to-fill-out-a-long-term-plan-if-you-want-to-get-involved-in-the-stock-market-this-is-the-perfect-time-continue-reading-for-some-great-investing-tips-that-will-help
http://mackinnon13mackinnon.xtgem.com/__xt_blog/__xtblog_entry/__xtblog_entry/28625599-whether-you-are-going-to-try-your-hand-at-the-stock-market-for-the-first-time-or-you-are-looking-for-ways-to-make-yourself-a-better-trader-you-have-come-to-the-right-place.-the-article-below-contains-tips-and-tricks-that-can-help-you-become-a-successful?__xtblog_block_id=1#xt_blog
https://byrd-jacobs.federatedjournals.com/almost-no-endeavor-is-fraught-with-as-much-excitement-and-risk-as-that-of-investing-in-stocks-however-without-the-right-type-of-knowledge-and-insight-investing-can-be-somethi-1662280088
https://pastelink.net/hf8b7lo0
https://justpaste.me/Ul0t1

Fwd: ONGC leads oil stocks on a joyride as crude prices rebound, India lowers levy

ONGC led oil drillers and refineries on a demand wave on October 3 after crude oil prices climbed and the government slashed windfall tax on production and diesel exports. ONGC, India's largest oil marketing company, was trading up 4 percent around 12.50 pm.

Oil prices in the international market jumped more than 3 percent in early Asian trade on Monday, as OPEC+, which is a group of oil producing nations, weighed output cuts by more than 1 million barrels a day for its biggest reduction since the pandemic, in a bid to support the market.

Brent crude futures rebounded $2.51, or 3 percent, to $87.65 a barrel by 0206 GMT, after settling down 0.6 percent on Friday. US West Texas Intermediate crude was also up 3 percent, or $2.39, at $81.88 a barrel, after the previous session's loss of 2.1 percent.

India on Sunday slashed the windfall tax on domestically produced crude oil to Rs 8,000 per tonne from Rs 10,500 in the face of the prevailing downslide in global oil prices. It also scrapped the export tax on jet fuel and halved export duties on diesel to Rs 5 a litre. The developments mean higher revenue for upstream as well as downstream companies.

ONGC, which drills oil well, was up over 5 percent at Rs 133.50, Oil India was up 3 percent at 179, while Indian Oil, Bharat Petroleum, Hindustan Petroleum and Reliance Industries were trading in green with up to 1 percent gains.

The momentum was also because prices of natural gas were hiked by a steep 40 percent to record levels, in step with the global firming up of energy rates. Natural gas is used to generate electricity, make fertilizers and is converted into CNG to run automobiles. Hence, all companies involved in these sectors are set to feel the cost pressure.

Oil stocks came under pressure recently because of falling crude oil prices and relatively higher taxes compared to last year.

Top Stocks to Buy and Watch Today

Mahindra CIE Automotive: Mahindra & Mahindra has sold 82,42,444 shares or 2.173% shareholding in associate company Mahindra CIE Automotive. The sale has been executed through a bulk deal window at a gross price of Rs 285 per share. After the sale, the shareholding of the company in Mahindra CIE has come down from 11.427% to 9.254%.
Bharat Heavy Electrical: The company has received order for setting up the 2x660 MW Talcher thermal power project Stage-III on EPC (engineering, procurement, and construction) basis from NTPC.
IFCI: The company said the board has approved the preferential issue of equity shares up to Rs 100 crore for FY23 to the Government of India. This is subject to the approval of the shareholders.
HG Infra Engineering: Subsidiary HG Khammam Devarapalle Pkg-1 Private Limited has received financial closure for the Greenfield highway project in Telangana, from the National Highways Authority of India.

Power Grid Corporation of India: The company has received board approval for the appointment of G Ravisankar, Director (Finance) as Chief Financial Officer (CFO).

Harsha Engineers makes a bumper listing with 36% premium

Harsha Engineers International clocked gains on listing as expected before rising further but most analysts advise booking profits amid market turmoil. The stock started off the first day's trade with a whopping 36 percent premium over issue price despite nervousness in equity markets. It climbed further six percent as the day progressed to take total gains to 43 percent over issue price.

Analysts said high premium at listing is justified with the IPO generating stronger than expected demand as qualified institutional investors' portion got subscribed over 178 times. Also, the ask price is fairly valued compared to industry peers.

"We recommend booking partial profits while remaining can be kept for the long term as the company is a comprehensive solution provider offering diversified suite of precision engineering products across geographies and end-user industries and has long-standing relationships with leading clientele," said Astha Jain, senior research analyst at Hem Securities.

Rajnath Yadav, research analyst at Choice Broking, urged investors to exit given the market volatility. Although Prashanth Tapse, senior vice president of research at Mehta Equities, sounded "very optimistic" on Harsha Engineers with its dominant position, he too advised booking profits in the current market scenario. "Risk takers can hold with a long-term perspective," he added.

Santosh Meena, head of research at Swastika Investmart, termed the company as a proxy play on India becoming a global manufacturing hub: "Those who applied for listing gains can maintain a stop loss at Rs 400. Our recommendation for investors is to hold the allotted shares and long-term investors can accumulate the stock on dips."

Harsha Engineers, which is the largest manufacturer of precision bearing cages in India, raised Rs 755 crore from the public issue with a strong 74.70 times subscription during September 14-16. Of the total issue size, Rs 455 crore was raised through fresh issuance which will be used in repayment of debts, capital expenditure towards the purchase of machinery, and existing production facilities.

Sensex was down 860.62 points or 1.48 percent at 57,238.30, and the Nifty down 285.50 points or 1.65 percent at 17041.80 following weak global cues. This is the fourth straight day of selling on Dalal Street.

<a href="https://www.kunjcapital.com"> best stock to invest in</a>

Nifty fall for third straight session: Key factors weighing on the market

On the BSE, capital goods, power, realty, bank, auto, metal and oil & gas were down 1-3 percent each.
The broader indices BSE midcap and smallcap shed 2 percent each.
A short build-up was seen in Mahindra & Mahindra Financial Services, Power Grid Corporation and Indiabulls Housing Finance, while a long build-up was witnessed in Dr Lal PathLabs, ITC and Sun Pharma.
Among individual stocks, a volume spike of more than 600 percent was seen in Escorts, PVR and Mahindra & Mahindra Financial Services.
Matrimony.com, Biocon, Indian Energy Exchange, IOC, Hindustan Oil Exploration, Hester Biosciences, Gland Pharma were among the stocks which touched their 52-week low on the BSE.
However, more than 100 stocks hit 52-week high, including PC Jeweller, Page Industries, Omax Autos, Maruti Suzuki, ITC, Escorts Kubota, Hercules Hoists, Aditya Birla Fashion and Butterfly Gandhimathi Appliances.
The Indian market witnessed a sharp fall due to weak global cues. The level of 112 on the dollar index and the level of 82 in USDINR spooked the market.
FIIs have started selling again, therefore we are seeing selling pressure in large-cap stocks. Global markets are nervous after the recent 75 basis rate hike and hawkish commentary by the US Fed.
Technically, Nifty closed below the 50-DMA with a breakdown of a bearish head and shoulder formation that may lead to further weakness.

shares today

Third straight day of losses, market squanders 2022 gains

 The Indian market extended losses to the third day on September 23 on weak global cues as the US Federal Reserve’s hawkish stance continued to roil sentiment and added to worries about global economy outlook.
Intensive selling across sectors and rupee plunging to a new low saw the market erase all the gains made this year.
At close, the Sensex was down 1,020.80 points, or 1.73 percent, at 58,098.92, and the Nifty was down 302.50 points, or 1.72 percent, at 17,327.30.
For the week, the Sensex and Nifty shed more than a percent each.
"A rise in the US 10-year bond yield and a strong dollar index influenced FIIs to flee emerging markets. A fall in liquidity in the banking system, a weak currency and a current premium valuation have set the market outlook bearish for the near term," said Vinod Nair, Head of Research at Geojit Financial Services.
"With aggressive monetary policy action by central banks, the global growth engines are in a slowdown mode, whereas India is currently in a better position with a pickup in credit growth and an uptick in tax collection."
The volatility may persist for a while. Investors are advised to wait and watch until the dust settles, he added.
Power Grid Corporation, Apollo Hospitals, Hindalco Industries, Adani Ports and SBI were among the top losers on the Nifty. Gainers included Divis Laboratories, Sun Pharma, Tata Steel, Cipla and ITC.

shares today