F&O stocks to buy today: Tata Steel, SBI among top 9 trading ideas for 22 February 2024

F&O stocks to buy today: Tata Steel, SBI among top 9 trading ideas for 22 February 2024

Indian market is likely to trade higher on Thursday tracking positive global cues. The Nifty50 experienced a sharp correction on Wednesday, but it managed to hold on to the 22000 level towards the close of the trade. The market may go sideways after a sharp rise and that may be considered as healthy from the … Read more

EBITDA growth of 234 cos outpace sales for 3 quarters; over 100 stocks turn multibaggers

EBITDA growth of 234 cos outpace sales for 3 quarters; over 100 stocks turn multibaggers

After seeing testing times in FY23 amid skyrocketing inflation and weak consumer demand, India Inc found solace in FY24 as several companies reported strong double-digit growth in earnings. One of the major factors driving this growth was easing inflationary pressures. As many as 234 companies, excluding banks and financial services, saw operating profit or EBITDA, … Read more

Nifty overvalued by 20%, says Kotak Equities, picks Britannia, NTPC for its All-Season portfolio

Nifty overvalued by 20%, says Kotak Equities, picks Britannia, NTPC for its All-Season portfolio

With a nearly 20% rally in 2023, Nifty is overvalued by as much, according to a report by Kotak Institutional Equities. The brokerage remains wary of an absolute return potential of the market from the current levels as it replaces ITC and Larsen & Toubro (L&T) with Britannia and PSU stock NTPC from its concentrated … Read more

Concurrent Gainers: These 5 Nifty stocks gain for 5 days in a row

Concurrent Gainers: These 5 Nifty stocks gain for 5 days in a row

Top Gainers Ending on December 29, the Nifty benchmark index wrapped up the week with a 2.2% gain across the last five trading sessions, settling at a closing value of 21,731 and achieving positive closures in four out of the last five sessions. ETMarkets identified five stocks in the Nifty50 index throughout the week that … Read more

Hot Stocks: Brokerage views on Arvind, Colgate, Nestle India and Ugro Capital

Hot Stocks: Brokerage views on Arvind, Colgate, Nestle India and Ugro Capital

Brokerage firm SPARK initiated coverage on Arvind with a buy rating, HSBC upgraded Colgate Palmolive India to a buy from hold earlier while it downgraded Nestle India to hold. Centrum Institutional Research initiated coverage on Ugro Capital with a buy rating. We have collated a list of recommendations from top brokerage firms from ETNow and … Read more

Hot Stocks: Brokerages view on Nestle India, HUL, Amber Enterprises and PNB Housing Finance

Hot Stocks: Brokerages view on Nestle India, HUL, Amber Enterprises and PNB Housing Finance

Brokerage firm CLSA maintained a buy on Amber Enterprises and Macquarie remained neutral on Nestle India. HSBC downgraded HUL to hold and Motilal Oswal upgraded PNB Housing Finance to buy. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on Amber Enterprises: Buy| Target Rs 3650 CLSA … Read more

Breakout Stocks: How Bajaj Auto, NBCC and Nestle India are looking on charts for Friday’s trade

Breakout Stocks: How Bajaj Auto, NBCC and Nestle India are looking on charts for Friday’s trade

Indian markets closed in the red on Thursday for the second in a row. The S&P BSE Sensex fell by over 200 points while the Nifty50 managed to hold on to 19600 levels. Sectorally, buying was seen in auto, consumer durables, and FMCG stocks while metal, energy, oil & gas and power stocks saw some … Read more

Nestle India stock hits lifetime high; Here are 3 factors driving the bulls

Nestle India stock hits lifetime high; Here are 3 factors driving the bulls

Shares of Nestle India surged as much as 4% in trade on Thursday and scaled a lifetime high, buoyed by the high dividend payout, stock split, and robust earnings for the September quarter. The Maggi noodles maker announced an interim dividend of Rs 140 a share, and the board also approved a 10-for-1 stock split. … Read more

Nestle’s Q2 earnings beat Street’s estimates. Should you buy stock?

Nestle’s Q2 earnings beat Street’s estimates. Should you buy stock?

After FMCG major Nestle India June quarter earnings beat Street’s expectations, US brokerage Jefferies recommended a ‘Hold’ on expensive valuations, while Nuvama and ICICI Securities recommended a ‘Buy’ and ‘Add’, respectively. Motilal Oswal has a ‘Neutral’ stance on the counter. The stock on Friday fell to the day’s low of Rs 22,187.30 on the NSE, … Read more