Eros International Media Limited stock dropped again, the third day in a row after the market regulator placed them and their MD & CEO under a trading ban due to financial misreporting. The inquiry started after FY20 showed impairment from content advances and film rights amounting to Rs 1,553 crore. They reported a 62% increase in revenue for FY23 but widened their net loss by 15%.

Jefferies believes that SMID stocks, especially within the industrial and property space, have greater potential for outperformance due to their higher share of domestic economy stocks. The recent macro stability has also seen a disproportionately high inflows to these stocks, resulting in a YTD outperformance of 8.1ppt over Nifty50. Jefferies remains 'Overweight' in this sector.

The Reserve Bank of India (RBI) provided a framework for financial institutions to negotiate settlement arrangements with debtors and write-off NPAs. The idea behind the move is to pursue economic benefits without waiting for outcomes of punitive action. The IBC has been successful in resolving NPAs but can be slow and involve hefty costs, making this framework a welcome relief.

Meta is partnering with CAIT to provide digital skills to 1 million traders over three years in India. Through Meta Small Business Academy, they will launch a course module and exam that covers digital marketing techniques to help entrepreneurs gain certification, while also providing financial literacy courses for women-led businesses.

Citi has initiated coverage on Tata Consumer Products with a price target of Rs 1,020 implying a 21% upside potential. For the bullish call, Citi attributes growth catalysts such as category formalization, market share gains and expanded distribution. Citi also foresees the company's contribution to overall sales rising to 27% in FY23-26, while Nuvama Equities raised its target price by 3.3%.

Parag Milk Foods Ltd. shares gained 8% on June 26 due to veteran investor Nikhil Vora increasing his stake in the company. The stock is now quoting at Rs 130.10 on the NSE with Sixth Sense Fund owning 3.8% of the company. Parag is one of India's top 5 cheese producers and their key clients are Domino's, Pizza Hut, and Papa John's. In Q4, their total income increased by 41.43%.

Karma Primary Healthcare is a healthtech startup founded in 2014 that has recently raised an undisclosed amount of Series A funds from Innospark Ventures, 1Crowd, Innovative Directions and other angel investors. It aims to bridge the gap in rural healthcare, increase awareness in preventive care and improve delivery curative services.

Shares of PB Fintech jumped 7% in trade, hitting a new 52-week high post comments by management at its analyst meeting. Brokerage firms Kotak Institutional Equities and IIFL Finance rated the stock 'Add' and 'Buy' respectively with price targets of Rs 725 and Rs 750. Leveraging technology in multiple ways, PB helps insurance partners on product development and fraud detection.

Notwithstanding the underperformance of the oil & gas sector in FY23, the India consumption story along with lower energy costs will likely drive revenues and margins for oil and gas companies in FY24. Many top brokerages including Anand Rathi, Nuvama and Nirmal Bang see triggers for growth and give their top picks. Nifty Oil & Gas has given returns of just over 2% over the past 12 months.

Today 6 BSE Midcap stocks hit their 52-week highs, with ICICI Securities and PB Fintech leading the surge. Notable storylines include Aurobindo Pharma's impressive performance despite it having a high PE ratio of 21.9, PB Fintech's active stock price despite negative PE ratios of -64.2, ICICI Securities' future prospect of delisting, and SJVN's steady growth at a lower PE ratio of 12.2.

Adani Total Gas, Bizotic Commercial, Sanco Trans and Starcom Information Technology shares hit their 52-week lows on Monday. All these companies are listed on the BSE. They were among the 37 stocks that hit their 52-week lows today. Market participants should know that out of the 3,694 stocks that traded on the BSE on Monday, 1,773 stocks advanced, while 1,745 declined.

CTE has acquired US-based Appshark Software Inc for Rs 41 crore and RP Web Apps, with expected completion dates of 2026 and 2023 respectively. The acquisition propelled CTE shares more than 7%, and a 106% jump in total income from the previous year. However, they posted a net loss of Rs 4 lakh during FY23 but saw a large net profit of Rs 3.7073 crore in the previous period.

Shares of Chalet Hotels Ltd were trading almost 3% higher in the afternoon trade on June 26 after the company announced plans to raise funds from the promoters for the Koramangala project in Bengaluru. The company received the real estate regulatory authority (RERA) approval for its residential project in Koramangala in March 2023.

UAE-based Lulu Group invest Rs 10,000 crore in India over the next 3 years and have already invested Rs 20,000 crore in various projects to provide jobs to 50,000 people and supported 22,000 jobs so far. Specific investments of Rs 3,500 crore are committed to Telangana, and a 2.2 million sq ft destination mall is planned in addition to other projects.

Byju's has delayed the Provident Fund payments of their employees, opening themselves up to action by the Employee Provident Fund Organization (EPFO). This delay led former board members and Deloitte, one of the audit firms, to resign. The data obtained from EPFO has been viewed by multiple independent PF consultants, who confirmed that it suggests a delay in payment for most months.