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From ITC to SBI: ICICI Direct lists 5 stocks that positively surprised in Q2 earnings

In the September quarter, Nifty witnessed a growth of around 4 percent in revenue as well as profit after tax (PAT) led by an outperformance by the financial stocks, ICICI Direct stated. Over FY22-24E, Nifty earnings are seen growing at 14.9 percent CAGR, the brokerage predicted. On forward earnings front, the BFSI space witnessed healthy earnings upgrades while marginal upgrades were witnessed in the FMCG, IT and oil &amp; gas space, it said. In its earnings review, ICICI Direct has analyzed and listed 5 stocks that pleasantly surprised in their Q2 results and are its top picks:

Steel export duty cut unlikely to impact profitability of durable firms

Hindustan Zinc shares slump over 5% ahead of interim dividend record date

Cummins India stock up 41% this year; Kotak Securities says buy it, raises target price

Canara Bank hits new 52- week high; brokerages place a ‘buy’ call

Jio Financial Services: Banks still best play, says Macquarie

Siemens shares slide 2% as Q4 profit misses estimates

Brokerages bullish on Glenmark Pharma despite muted Q2 earnings. Here's why

5 reasons why ICICI Securities upgraded Delhivery to ‘buy’ from ‘sell’

INOX Leisure: Stock up 46% this year; Nirmal Bang Securities expects 23% more upside

Stock Check: JSW Infra jumps almost 100% from IPO price in 5 months; should you still buy?

Currently trading at around  <span class='webrupee'>₹</span>236, the newly listed JSW Infra has surged almost 100 percent jump from its IPO price of  <span class='webrupee'>₹</span>119 in less than 5 months. Technical and fundamental experts suggest if you should still buy the infra stock.

Axis Mobile App ranks top position on NPS leaderboard

According to a survey, Consumer awareness was most notable for payment platforms such as Paytm, Google Pay, and PhonePe. However, when it comes to Net Promoter Score, Axis Mobile App claims the top position with a score of 59, followed by ICICI Bank's iMobile Pay, and then BHIM.

Weekend Wrap: From Trent to Adani Power, top news and market movers this week: 27 October 2023

The stock market cycle is always a few months ahead of the economic cycle.

From top news makers to market performance, here's the market wrap for the week ended 27 October 2023.

Why rebalancing a portfolio provides a safety net against volatility?

Investing isn't a 'set it and forget it' game.

Rebalancing a portfolio provides a safety net by helping control volatility and minimizing the impact of market downturns, even though it may not always yield higher returns compared to an unbalanced, equity-heavy approach

Rebalancing of portfolio: What is it and why is this important?

Whenever the market spikes or declines, investors are supposed to rebalance their portfolio strategically in order to stay aligned to their financial goals