US stocks open mixed as investors digest fresh tariff threats
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Economic Times
21 minutes ago
- Economic Times
Jio Financial to announce Q1 results today
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Jio Financial Services will be in focus on Thursday as the company will announce its Q1 earnings today along with three dozen other companies. The company will also make a presentation to analysts on financial results around 7.30 pm today following the meeting of its other important results that the Street will be keeping its eyes on will be Axis Bank Indian Hotels Company (IHCL), Polycab India Tata Communications and SW Financial Services had reported a marginal 2% growth in its consolidated net profit at Rs 316 crore in the fourth quarter of FY25, compared with Rs 311 crore in the same quarter of the last year. Revenue from operations during the reporting period rose 18% year-on-year (YoY) to Rs 493 crore. The same stood at Rs 418 crore in the previous year a sequential basis, revenue from operations rose 13%, while the profit after tax jumped 7% income during the fourth quarter fell marginally to Rs 276 crore in the January-March 2024 period, while the income from fee and commissions improved to Rs 39 Financial Services has been in news because of its mutual fund arm Jio BlackRock , a joint venture between billionaire Mukesh Ambani's Jio Financial Services and Wednesday, Jio BlackRock Mutual Fund received approval from the markets regulator, Sebi, for five index funds - JioBlackRock Nifty Midcap 150 Index Fund, JioBlackRock Nifty Next 50 Index Fund, JioBlackRock Nifty Smallcap 250 Index Fund, JioBlackRock Nifty 8-13 yr G-Sec Index Fund, and JioBlackRock Nifty 50 Index Fund. Out of these five funds, four are equity-oriented index funds, whereas one is a debt-oriented index Financial shares have been market laggards underperforming the headline Nifty index. The share price of Jio Fin has slipped over 7% in the past 12 months, though the counter has managed to remain positive on the year-to-date basis, delivering returns of nearly 5%. In both the time frames, Nifty returns stand at 2.4% and 6.2%, respectively.
Economic Times
21 minutes ago
- Economic Times
Multibagger stock with 616% returns goes ex-split tomorrow. Do you own?
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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Business Standard
21 minutes ago
- Business Standard
Stocks to buy today, July 17: Tata Power, ITC among analyst top picks
Market View Markets traded in a narrow range and ended almost unchanged due to the absence of any fresh triggers. After an initial downtick, the Nifty index slipped further but later recovered, supported by select heavyweight stocks across sectors, which helped pare all the losses. As a result, the Nifty once again tested the resistance around the 25,250 level and eventually settled at 25,212. Meanwhile, sectoral performance remained mixed, keeping volatility elevated. IT, realty, and auto emerged as the top gainers, while metal and pharma ended in the red. The broader indices also paused after a two-day rally and closed flat. Mixed global cues and a lackluster start to the earnings season are keeping participants uncertain about the next directional move. We believe a decisive close above the 20-day EMA, around 25,250, could open the door for further recovery. Otherwise, profit-taking may resume, with key support in the 24,900–25,000 zone. Traders should maintain a cautious stance and focus on stock selection based on relative strength and earnings outcomes. Stocks Recommendations Tata Power Company | LTP: ₹414.70 | Buy | Target: ₹442 | Stop-loss: ₹400 Selective stocks from the power sector are witnessing noticeable buying interest after a phase of consolidation, and Tata Power stands out as a top performer. The stock has been rising steadily since ending its corrective phase in April and recently broke out from a buying pivot while maintaining support above the short-term moving average (20 DEMA), indicating momentum aligned with the ongoing trend. Traders can consider initiating long positions at the mentioned levels. LIC Housing Finance | LTP: ₹637.05 | Buy | Target: ₹680 | Stop-loss: ₹615 LIC Housing Finance has broken out of a three-month base formation, holding firmly above the moving average ribbon comprising the 20, 100, and 200 DEMA. The breakout, accompanied by a surge in volumes, further reinforces the positive bias. Additionally, the recent outperformance of the BFSI sector supports the potential for a sustained uptrend following a period of relative underperformance. Following a prolonged phase of underperformance, the FMCG sector is now regaining traction. Among the key names, ITC is showing a gradual recovery after retesting the support zone of its long-term moving average (200 DEMA). Its recent relative outperformance also makes it a strong candidate to play the sector's rebound. Traders may look for fresh buying opportunities at the suggested levels.
