Analysis Financial News

The retail portion of the issue was subscribed 2.33 times, while the issue was subscribed by 95% in the non-institutional investors’ category on the final day of bidding. Meanwhile, the qualified institutional buyers had subscribed by 2.71 times of the allotted portion.

The retail portion of the issue was subscribed by 4.7 times, while the issue was subscribed by 2.33 times in the non-institutional investors’ category on the second day of bidding. Meanwhile, the qualified institutional buyers had subscribed by 10% of the allotted portion.

Pankaj Pandey, Head Research, ICICIdirect.com, says a small rally was anticipated, but due to ongoing volatility, there isn't much confidence for a short-covering rally. It may take about a month to gain clarity on tariffs since Trump has paused new tariff actions. Also some tariffs may be imposed on the steel industry. Many of these issues are still developing. However, two sectors in commodities appeal to Pandey. First is cement, where the toughest times seem to be over. The second sector is steel, which is currently at a four-year low. This month, we might hear updates on safeguard duties, which could benefit some steel companies. In auto, while ICICIDirect likes Bajaj Auto, and Eicher and has upgraded Maruti to a buy, M&M is the top pick in this space. What is it looking like so far? We have made two weeks of recovery. Will it sustain? Pankaj Pandey: Overall, the volatility on the global front could persist for some period of time and which is why not much relief is expected on FPI selling. Domestically, earnings have been okay and not really great, but our sense is that in the first half, we have seen earnings of 5%. In the second half, ideally, it should be better at about 8-odd percent. So, full year, we could have about 7% growth.

Stocks that rallied over 10% included, Pasupati Spinning (14.30%), IVP Ltd(12.01%), Vama Industries(11.80%), Dhunseri Petrochem (10.39%) and Hexa Tradex(10.00%).

«In those days, when Sunil Gavaskar used to get out, the hopes on rest of the batsmen was very-very low. Today, barring India, most other countries in emerging market like Russia, China, Brazil, South Africa, have not delivered return to investors. Over 20-year period, emerging markets underperformed developed markets,» says Nilesh Shah, MD, Kotak AMC. Exactly a month ago, this market had a lot of event risk, budget, Trump and tariffs, then there was RBI, MPC, and then Delhi elections. Thankfully for us, we have come on the right side of all the individual events. So, if events were making markets nervous and if the events are behind us and we have been on the right side of the event, then do you think it is a matter of time markets will stabilise? Nilesh Shah: So, in our opinion, while there are certain events which are behind us, there are few things which will keep market on the volatile side. One, we are in a world which is increasingly becoming protectionist from globalised, with Trump administration launching newer and newer initiatives for America first, there will be concerns on geopolitical side.

J B Chemicals & Pharmaceuticals Ltd.(up 0.34 per cent) were among the top gainers.

Domestic benchmark index NSE Nifty fell 173.91 points to 23386.05, while the BSE Sensex traded 557.08 points down at 77303.11.

Gowra Leasing(up 19.99%) were among the stocks that surged over 15%.

On the BSE, NGL Fine Chem(down 20.00 per cent), Super Tex Ind(down 19.95 per cent), Jainco Projects(down 19.23 per cent), Banco Products(down 18.20 per cent) and Excel Ind(down 16.58 per cent) were among the stocks that plunged over 5 per cent during the session.

Tasty Bite Eatables Ltd.(up 4.88%), Britannia Industries Ltd.(up 2.56%), JHS Svendgaard Laboratories Ltd.(up 2.50%), Hindustan Foods Ltd.(up 2.44%), Tata Consumer Products Ltd.(up 1.30%), Euro India Fresh Foods Ltd.(up 1.20%), Hindustan Unilever Ltd.(up 1.19%), Dabur India Ltd.(up 0.97%), Gopal Snacks Ltd.(up 0.70%) and Nestle India Ltd.(up 0.41%) were among the top gainers.

Ola Electric Mobility fell as much as 3.44% on Monday to a day’s low of Rs 67.61 on the BSE after reporting a widening of its losses YoY to Rs 564 crore for the third quarter ended December 2024. With today’s fall, the stock has tumbled by 6% in the last 2 trading sessions.

Wipro Ltd.(up 0.26 per cent) were among the top gainers.

Goldman Sachs remains optimistic about Mahindra & Mahindra (M&M), raising its target price and emphasizing strong demand in the SUV and tractor segments.

The recent market correction, especially in the mid cap/small cap segment, has certainly made select businesses worth adding to portfolios, says Chandraprakash Padiyar, Senior Fund Manager, Tata Asset Management. «We have deployed quite aggressively in our funds during the current correction – however the deployment has been in select businesses and not across the board,» he says.

In an interview with ETMarkets, Ambani said: “The Budget was satisfactory and largely in line with expectations. While some may perceive slower growth in the government’s capital expenditure on roads and railways for FY26, the overall capex has been maintained at the desired levels, as a percentage of GDP and total expenditure,” Edited excerpts:

The short-term trend in pharma stocks appears positive, and pharma ETF could be a good option for a short-term long position, says Rupak De, Senior Technical Analyst at LKP Securities. In this chat with ET Markets, he also shares 3 stock ideas for the week — Kotak Mahindra Bank, JSW Steel and Godfrey Phillips. Edited excerpts:

Indian market is likely to consolidate on Monday tracking muted global cues. The Nifty future closed in the negative with losses of 0.28% at 23,622 levels on Friday. India VIX closed 3% lower at 13.68 in the previous trading session.

Tata Steel and JSW Steel among others may remain in focus on Monday after US President Donald Trump announced his plans to impose new 25% tariffs on all steel and aluminium imports. This may impact companies like Tata Steel, JSW Steel, Jindal Steel and Power, SAIL, Jindal Stainless and NMDC.

VA Tech Wabag will be in focus on Monday after the water technology company announced winning a Rs 3,251 crore ($317 million) consortium order for the Al Haer Independent Sewage Treatment Plant (ISTP) in Riyadh, Saudi Arabia. The company has won the engineering, procurement, and construction (EPC) order of a 200 MLD independent sewage treatment plant (ISTP), including connections to outfall delivery facilities.

Life Insurance Corporation of India (LIC) shares will be in focus on Monday after the company reported a 16% year-on-year (YoY) growth in consolidated net profit for the December quarter, reaching Rs 11,009 crore compared to Rs 9,469 crore in the same period last year. The net premium income in Q3FY25 stood at Rs 1,07,302 crore, down 9% from Rs 1,17,432 crore reported in the corresponding quarter of the last financial year.

Delhivery shares will remain in focus on Monday after the company reported a 114% year-on-year (YoY) jump in its December quarter net profit at Rs 25 crore versus Rs 12 crore reported in the year ago period making it the third consecutive profitable quarter for the company. The revenue from operations in the reported quarter stood at Rs 2,378 crore, witnessing an 8% jump over Rs 2,194 crore reported in the corresponding quarter of the previous financial year.