Analysis Financial News

Hartmut Issel, Head Equity & Credit APAC, CIO WM, UBS Wealth Management, says they would steer more towards the largecap side. Valuation growth, risk reward look better on this level. Within sectors, consumers at zero growth is a very clear opportunity. Financials also, especially banks, provide opportunity as they have been a bit of a laggard for the longest time. They may stay away from the two-wheeler space as many of these companies have just peaked in terms of revenue or earnings momentum and that is probably going to be a multi-quarter trajectory.

U.S. allegations, denied by the company, are that Gautam Adani's colossal ports-to-energy conglomerate paid bribes to secure power sales and made misleading disclosures, roiling the stocks and debts of Adani companies.

LTIMindtree Ltd. 1.75 per cent to Rs 6149.00 at 02:05PM hours (IST) on Thursday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 3,420 shares with a turnover of Rs 2.10 crore till 02:05PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 39.01, while the price-to-book value ratio stood at 7.30.

MphasiS Ltd. 1.91 per cent to Rs 2958.45 in Thursday's trade as of 02:00PM (IST) even as the benchmark Nifty ruled at 24023.95, 250.96 points. The scrip had closed at Rs 3016.25 in the previous session. The stock quoted a 52-week low of Rs 2180.05 and a high of Rs 3186.95. The company quoted a market-cap of Rs 55917.03 crore on the BSE.

Indian Hotels Company Ltd. rose 1.19 per cent to Rs 779.25 in Thursday's trade. It hit an intraday high of Rs 792.00 and low of Rs 775.20, respectively, during the day. The stock quoted a 52-week high price of Rs 814.65 and low of Rs 416.15.

United Spirits Ltd. traded at Rs 1502.00 on BSE at 01:15PM (IST) on Thursday, 0.87 per cent from previous close. The scrip quoted a 52-week low price of Rs 1031.85 and a high of Rs 1648.40.

REC Ltd. 0.96 per cent to Rs 531.50 in Thursday's trade as of 11:41AM (IST). The stock hit a high price of Rs 535.50 and low of Rs 524.45 during the session. The return on equity (ROE) for the stock stood at 20.56 per cent. Traded volume on the counter stood at 11:41AM shares and turnover at Rs 11.12 crore around that time. The stock of REC Ltd. quoted a 52-week high price of Rs 653.90 and 52-week low prices of Rs 331.85, respectively.

Honasa Consumer (Mamaearth) hit 10% upper circuit at Rs 251.5 in Thursday's trade backed by heavy volumes on the NSE. A total of 17.6 lakh equity shares worth Rs 43.94 crore changed hands so far. This rally came after the stock had been under significant pressure. Honasa's share price had fallen nearly 40% over the past month and more than 50% in the last three months. It also dropped below its IPO price of Rs 324 earlier this month.

Brigade Enterprises Ltd.(up 2.4 per cent), Prestige Estates Projects Ltd.(up 2.06 per cent), Phoenix Mills Ltd.(up 1.96 per cent), Macrotech Developers Ltd.(up 1.48 per cent) and Godrej Properties Ltd.(up 0.79 per cent) were among the top gainers.

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Bandhan Bank Ltd. traded 0.46 per cent at Rs 172.10 at 10:55AM (IST) on Thursday, even as BSE benchmark Sensex 655.83 points to 79578.25. The scrip had settled at Rs 171.30 in the previous session. The stock quoted a 52-week high price of Rs 263.15 and 52-week low of Rs 163.00, respectively. As per BSE data, total traded volume on the counter till 10:55AM (IST) stood at 134837 shares with a turnover of Rs 2.33 crore.

On the BSE, Novateor Research(down 17.67 per cent), Looks Health Services(down 14.97 per cent), AccelerateBS India(down 12.23 per cent), Superior Finlease(down 10.11 per cent) and 3P Land Holdings(down 9.36 per cent) were among the stocks that plunged over 5 per cent during the session.

Domestic benchmark index NSE Nifty fell 196.81 points to 24078.1, while the BSE Sensex traded 689.69 points down at 79544.39.

Adani Energy Solutions Ltd.(up 10.00%), Adani Green Energy Ltd.(up 10.00%), Adani Power Ltd.(up 9.55%), Inox Wind Ltd.(up 5.28%), Reliance Power Ltd.(up 4.99%), Ravindra Energy Ltd.(up 4.69%), Jaiprakash Power Ventures Ltd.(up 4.15%), Jyoti Structures Ltd.(up 4.09%), KPI Green Energy Ltd.(up 3.89%) and Gujarat Industries Power Company Ltd.(up 3.04%) were among the top gainers.

Siemens Ltd. traded at Rs 7537.55 on BSE at 10:25AM (IST) on Thursday, 1.45 per cent from previous close. The stock quoted a 52-week low price of Rs 3577.95 and a high of Rs 8129.95.

consumer durables retail sector, valued at Rs 1.8 trillion, faces six key risks that could disrupt growth, according to Nuvama Institutional Equities. Despite the challenges, two small-cap players—Electronics Mart India and Aditya Vision Ltd—stand out for their strategic approaches and strong regional dominance, making them compelling investment opportunities. The Indian consumer electronics sector is poised for growth, projected to reach Rs 3 trillion by FY29, but the path is fraught with challenges. Nuvama’s research highlighted six major risks: a demand slowdown, rising competition, the growing clout of online retail, disruption in financing availability, inadequate OEM after-sales support, and supply chain interruptions.

Benchmark NSE Nifty index fell 57.5 points to 24217.4 amid selling in frontline bluechip stocks.

Soma Textiles(up 19.98%), Kriti Nutrients(up 19.97%), Indo Cotspin(up 19.97%), Adani Gas(up 16.45%) and Trans Freight(up 15.06%) were among the stocks that surged over 15%.

Birla Corporation, Borosil Renewables, Honasa Consumer and Poonawalla Fincorp, report losses on a year-on-year (YoY) basis. Interglobe Aviation, which runs IndiGo airline, reported a loss of Rs 987 crore in Q2 vs a profit of Rs 189 crore in the corresponding quarter of the previous year. Similarly, Poonawalla Fincorp came up with Rs 471 crore loss as against a profit of Rs 855 crore in Q2 of FY24.

The ideal time to buy leading stocks — those with strong earnings, sales growth, and institutional sponsorship — is when they break out of a solid price base on heavy volume, with the market in a Confirmed Uptrend, says Anupam Singhi, CEO & Chief Investment Officer, O’Neil Capital Management India. «Since most stocks tend to follow the market's broader trend, buying during a market correction means fighting a negative tide. It is more prudent to wait for the market to confirm a rally, ensuring you buy when success probabilities are at their peak,» he says. Edited excerpts from a chat: How attractive does Nifty look after the recent correction? Are you cautious or bullish at this stage of the market? Rather than attempting to predict market narratives, we focus on responding to market trends and monitoring evolving conditions. At any given time, there are reasons to be either cautious or optimistic, but we rely on well-defined rules. At O’Neil, we follow a structured approach to identify market trends. Currently, the Nifty’s recent low of 23,263 is considered a correction low. A Rally Attempt will be identified if the Nifty closes in the green or in the upper half of the day’s range and holds above this low for three consecutive sessions.

“There may be challenges, such as missed earnings or further small cuts in the next two quarters, but even then, a 15% to 16% return looks achievable in markets, which is quite good,” says Naveen Kulkarni, CIO, Axis Securities PMS. In an interview with ETMarkets, Kulkarni said: “As for other asset classes, I feel gold is looking toppish, so equities should have significantly higher allocations compared to other assets” Edited excerpts: Thanks for taking the time out. Well, after a weak October, investors are going through a volatile November. What is your take on the markets? Let us rewind a little and see how we have been faring this fiscal year. FY24 ended pretty well, with very strong earnings. Nifty earnings grew by almost 25%. However, on that base, growth has been slightly challenging. Moreover, there have been challenges with how things have been on the ground. There were elections in the first quarter, and the monsoon in the second quarter was quite strong. Various factors, including weather and political aspects, have impacted the order flow. The first half has been slower than expected, contributing to the correction we have seen in the market.