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smallcap stocks including Suzlon Energy, Kalyan Jewellers, KEI Industries and the newly-listed JSW Infra can get upgraded to midcap status. Calculations done by Nuvama show that the remaining 10 stocks waiting to enter the midcap universe are Mazagon Dock, Lloyds Metal, SJVN, CreditAccess Grameen, Emami, Exide Industries, Ajanta Pharma, Glenmark Pharma, Nippon Life and Fivestar Business. Suzlon, the stock of which has rallied over 300% in the last 6 months, is also seen entering the MSCI India Standard Index in its quarterly review on 14th November. Stocks which can get downgraded from midcap to smallcap are Rajesh Exports, Aarti Industries, Pfizer, Vinati Organics, Crompton Greaves, Bharat Dynamics, Atul, Navin Fluorine, Whirlpool, Laurus Labs, Sumitomo Chemicals, Aditya Birla Fashion, Bata India and Kajaria Ceramics. The mutual fund body will announce a reshuffle in the first week of January 2024 and will be applicable from February to July 2024. «The change in categorization doesn’t lead to incremental inflows or outflow. The active mutual fund managers keep an eye on the list while taking fresh/modifying positions in stocks in different categories of schemes,» Nuvama said. Stocks which can move from largecap to midcap are, UPL, Adani Wilmar, IRCTC, PI Industries, Bosch, Tube Investments, Hero Motocorp and Samvardhana Motherson. On the other hand, Nuvama sees IRFC, Power Fin Corp, Polycab Macrotech, Shriram Finance, Union Bank, Indian Overseas Bank, REC Ltd and Jio Financial getting largecap status. AMFI categorises stocks on the basis of its 6-month average market capitalisation.

₹33,643 crore as compared to ₹25,684 crore recorded in the same period of last year. Looking at the H1FY24 performance, the 12 PSU lenders posted a net profit of ₹68,061 crore, an increase of 66% over H1FY23's net profit of ₹40,991 crore. Leading the pack is Punjab National Bank, which has demonstrated the highest net profit growth in Q2FY24.

Rekha Jhunjhunwala portfolio: DB Realty share price has been in continuous uptrend after ushering into the new financial year 2023-24. After bottoming out at around ₹60 per share levels at the end of March 2023, this Rekha Jhunjhunwala stock today climbed to a new 52-week peak of ₹182.50 on NSE, delivering around 200 per cent return in FY24.

Gujarat Gas ltd saw its share price decline more than 1% in morning trades on Monday. While company had reported better than expected September quarter earnings which analysts attributed to better procurement of spot Liquified Natural Gas cargoes (LNG) cargo. However, many analysts have been tweaking their forward earnings estimates due to subdued volume outlook for industrial PNG (piped natural gas) supplies.

US Federal Reserve is likely done hiking interest rates in the current cycle. The local unit opened at 83.13 a dollar as compared to Friday’s close of 83.29. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.03% higher at 105.05.

CRISIL with a ‘sell’ call and ICRA with a ‘reduce’ call and sees 21 percent and 8 percent downside, respectively. "While we are positive on ratings, we are cautious about the non-ratings businesses of both CRISIL (85 percent/70 percent of revenues/EBIT) and ICRA (45 percent/55 percent of revenues/EBIT), which have global market linkage. Reasonable valuations and more confidence in the profitable growth of non-ratings businesses could make us revisit our stance," it said.

₹19,500-18,800 with a negative bias. As the market outlook for the near term is uncertain, experts recommend buying technically and fundamentally sound stocks at the current juncture. Based on the recommendations of several experts, below are 12 stocks that one can consider buying for the next three to four weeks.

BSE and NSE at stellar 28 per cent premium during Monday deals. Cello World shares listed on BSE at ₹831 per equity share and went on to hit intraday low of ₹781.50 apiece within few minutes of stock listing.

quoted by others such as Sucheta Dalal: “Shourie then read out the recommendations of several parliamentarians, as well as those of the Standing Committee of Parliament. Lo and behold, they were the same as FICCI's, right down to the etceteras." Shourie asked his audience if it was a case of “Great minds that think alike? Or one great mind that was making everyone think alike?" Clearly it was the latter--Shourie informed the audience that FICCI’s aviation committee was chaired by none other than Naresh Goyal of Jet Airways, who had a vested interest in ensuring that foreign airlines did not control Air India (probably because it could result in serious competition for Jet). Shourie later narrated the incident in Parliament, when he also referred to Goyal as the “so-called" owner of Jet Airways.

The stock, which has advanced 13% in the last six months, is still trading around 34% below its 52-week high level of Rs 224.65. In Q2, the new-age company is expected to report a double-digit year-on-year (YoY) growth in revenue for the September quarter, driven primarily by the beauty and personal care and fashion segments, which are seen growing 21-31%. Nuvama Institutional Equities expects overall gross merchandise value growth of 25% YoY for the Nykaa brand owner. The industry estimates indicated slightly subdued discretionary consumption, primarily on account of a delayed festive season, but Nykaa on the contrary, has witnessed a strong quarter across all verticals, analysts said. Kotak Institutional Equities expects an improvement in the operating margin to 5.9% (up 90/70 bps yoy/qoq), driven by positive operating leverage. After having faced investor wrath in 2022, most new-age companies are seeing a turnaround in 2023 with the likes of Zomato and Paytm leading the way. Zomato, whose shares have already crossed past the listing price of Rs 115, surprised Street by reporting food delivery GOV growth at 20/9% YoY/QoQ. «Unit economics to steadily improve with scale as Zomato unlocks cost efficiencies and as customer willingness to pay for convenience increases. We value Zomato's delivery business at an exit multiple of 52x Sep'25E Ebitda and quick commerce at 9x Sep'25E Sales, to arrive at a price target of Rs165,» Jefferies said. (You can now subscribe to our ETMarkets WhatsApp channel) (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

H-1B visa system, the United States will also codify the requirement of an amended petition in case of a change in the H-1B worker's workplace. This move comes after a prior ruling from the US Court of Appeals in the District of Columbia, reiterating the need for sponsoring employers to submit an amended H-1B petition to the US Citizenship and Immigration Services (USCIS) when a foreign employee relocates within the United States. In July 2015, the USCIS issued a policy memorandum, based on a decision by the Administrative Appeals Office in a specific case. According to the memorandum, a foreign employee's relocation from one domestic location to another constituted a 'material change' and demanded the submission of an amended H-1B visa application. This policy faced legal challenges, but the courts upheld the requirement. The newly proposed changes will formalize this obligation. Now, employers will need to submit a new Labour Condition Application (LCA) and a new H-1B petition before the location change occurs. Failing to do so may lead to the H-1B worker being considered in violation of their visa status. It's essential to be aware that these changes will result in additional costs for the sponsoring employer. However, when the job location change happens within the same area of intended employment, this requirement does not apply. These changes aim to ensure compliance with the H-1B visa program, particularly regarding the employment locations of visa holders.

LTIMindtree Ltd. fell 0.25 per cent to Rs 5119.4 in Monday's session as of 11:52AM (IST) even as the equity benchmark Sensex traded 367.2 points higher at 64730.98. Earlier in the day, the stock witnessed a gap up start to the session.

Titan Company share price opened with gains of almost 2% on on the BSE on Monday after it reported a better-than-expected September performance led by margins beat. Tata owned-jewellery and watch maker, on Friday had reported a 9.7% YoY rise in its net consolidated profit to ₹916 crore in the September quarter of FY23-24 There was a 21.2% sequential rise in the Titan net profit from ₹756 crore reported in April-June quarter of FY24. Titan’s total consolidated income increased by 37.17% to ₹12,653 in September quarter of FY24, against ₹9,224 crore reported in Q2 FY2022-23.

Protean eGov Technologies IPO: The initial public offering (IPO) of Protean eGov Technologies Limited has hit primary market today and it will remain available for bidding till 8th November 2023. The book build issue has been offered at a price band of ₹752 to ₹792 per equity share. The company aims to raise ₹490.33 crore from its public offer, which is completely offer for sale (OFS) in nature.

₹apiece on the BSE. India’s largest commercial bank, SBI reported an 8% year-on-year jump in its net profit for the second quarter of FY24 at ₹14,330 crore from ₹13,264.5 crore in the corresponding quarter of last fiscal. SBI’s net interest income (NII) in Q2FY24 rose 12.3% to ₹39,500 crore from ₹35,183.4 crore in the year-ago quarter.

celebrate Dhanteras on November 10 and Diwali on November 12 this year, many people are also planning how to revamp their money-making styles or adopt new and innovative ways to earn money. Making money mistakes is a common occurrence for individuals, including financial experts, especially when celebrating festivals. Below, we’ll highlight some of the prevalent financial blunders people tend to commit during festive occasions.

The S&P BSE Sensex rose nearly 300 points while the Nifty50 closed above 19200 levels. Sectorally, buying was seen in realty, consumer durables, oil & gas, and public sector stocks. India VIX was down by 1.78% from 11.07 to 10.88 levels on Friday. Volatility has been cooling off from the last two sessions and aided in support-based buying in the indices. On the weekly options front, the maximum Call OI is placed at 19300 and then towards 19500 strikes while the maximum Put OI is placed at 19200 and then towards 19000 strikes. Call writing is seen at 19300 and then towards 19400 strikes while Put writing is seen at 19200 and then towards 19150 strikes. “Options data suggests a broader trading range in between 18500 to 19600 zones while an immediate trading range in between 19000 to 19400 zones,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said. “Nifty formed a Bullish candle and an Inside Bar on the weekly frame on Friday but has been forming lower highs for the last two weeks,” he said. “Now the index has to hold above 19200 zones, for an up move towards 19350 then 19442 zones whereas supports are placed at 19150 then 19000 zones,” recommended Taparia. We have collated a list of stocks from various experts for traders who have a short-term trading horizon: Expert: Parag Shah, Technical Analyst – Research, Nuvama Professional Client Group Research told ETBureau Muthoot Finance: Buy| Target Rs 1415| Stop Loss Rs 1285 Godrej Properties: Buy| Target Rs 1920| Stop Loss Rs 1730 (You can now subscribe to our ETMarkets WhatsApp channel) (Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic

SBI and upgraded Zomato to buy post Q2 results. CLSA also upgraded Titan Company to buy and BofA Securities recommended a buy on InterGlobe Aviation. We have collated a list of recommendations from top brokerage firms from ETNow and other sources: CLSA on SBI: Buy| Target Rs 700 CLSA maintained a buy rating on SBI with a target price of Rs 700.

“With the election buzz around the corner, steering clear of volatile stocks, especially in the smallcap realm, would be smart,” says Sonam Srivastava, Founder and Fund Manager at Wright Research, PMS. In an interview with ETMarkets, Srivastava said: “Considering the delayed festive season, placing bets on the consumption narrative, commodity and energy sectors, sizable banking and financial entities, and IT stocks, which have caught the eye of FIIs, could be a strategic approach to capitalize on the present dip” Edited excerpts: We have seen markets coming down from highs in both Sensex and Nifty. What is fueling the fall – is it the combination of a rise in US Yields and geopolitical concerns? The Sensex and Nifty have seen a notable correction lately, which seems a bit out of place considering India's strong growth narrative.

The inclusion of India into the JPMorgan Global bond index and expectations of rate cuts from the first half of FY25 is set to put a cap on bond yields in the domestic market over the medium term. A downward shift in India’s yield curve will thereby make the bond market attractive, and pave the way for increased allocation towards debt in the portfolio, believes Jayesh Faria, director — regional head — west at Motilal Oswal Private Wealth. “We are requesting our clients to participate 65-70% of their debt portfolio in high quality roll down strategies with 7-12 years average maturity. The remaining 35-40% through high yields NCD or private credit or REITs & InVITs,” Faria said in an interview with ETMarkets. Edited excerpts: The equity market has lost some momentum, but would you still say that India is in a stage of a strong bull market phase? We feel that India is in a structural bull market due to improvement in earnings of our companies. For three consecutive years now, Nifty 50 earnings have grown by double digits. For FY24, estimates for Nifty earnings are of 22% growth. Therefore, we feel earnings growth is expected to remain steady over the next few years.

Also Read: Stocks to Watch: SBI, Cello World, IndiGo, Bank of Baroda, L&T, IDFC First Bank Mankind Pharma made a decent stock market debut on May 9, 2023, after the company raised ₹4,326.36 crore from its initial public offering (IPO). The stock got listed at a hefty premium of 20% at ₹1,300 per share on BSE, higher by ₹280 per share from the Mankind Pharma IPO price of ₹1,026 to ₹1,080 per share.