Analysis Financial News

The SME IPO of Amwill Healthcare, which opened for subscription on Wednesday, was fully subscribed by the second day of bidding, reaching an overall subscription of 1.15 times as of 11:00 AM. The retail portion saw a subscription of 1.37 times, while non-institutional investors subscribed to 49% of their allocated quota. Meanwhile, qualified institutional buyers (QIBs) showed strong demand, subscribing 2.19 times to the issue.

VRL Logistics surged by as much as 20% on Thursday, hitting the upper circuit limit at Rs 559.50 on the BSE. The logistics company witnessed heavy trading volumes across both exchanges in the early sessions after reporting better-than-expected earnings for the third quarter ended December. This marks the biggest single-day gain for the stock since September 2021, the highest in three-and-a-half years. The rally follows a robust set of financials, with the company reporting a more than fourfold increase in net profit year-on-year (YoY), reaching Rs 59.4 crore in Q3 FY25.

Bitcoin (BTC) and major crypto tokens traded mixed on Thursday, 6th February. While Bitcoin, XRP, Solana, Dogecoin, Chainlink, Sui, Stellar, and Hedera saw declines of up to 2.5%, Ethereum, BNB, Cardano, Tron, Toncoin, and Litecoin gained, rising as much as 4%. As of 10:53 am IST, Bitcoin was trading 0.3% lower at $97,714, while Ethereum surged over 4% to $2,827. Meanwhile, The global cryptocurrency market cap fell by 0.48% to approximately $3.2 trillion in the past 24 hours.

«He has got a team. He cannot just implement. He just cannot go and take over Gaza. It is like mind boggling logistics. He has a team. It has to be implemented. And at that stage, things are very different from what he is saying,» says Atul Suri, Marathon Trends — PMS. So, let us first just I will put the template, that is Atul Suri's template. You get the credit if you get it right. Atul Suri's template is, it is too late to sell. The bull market is not over. The panic and the excesses in the market, I think the time to panic is over and the excesses in the market have normalised. Small and midcap stocks, not everything will go up, but the party is not over. Now, there is one number which everybody is now suddenly started tracking, dollar index. The fascination with dollar index. Every morning we come and say the dollar index upar hai, markets will go down. Is it as simple as one data point which will decide which way flows would move? Dollar goes up, FIIs sell. Dollars come down, FIIs will come back. It cannot be that simple. Atul Suri: It cannot be.

Domestic benchmark index NSE Nifty fell 92.05 points to 23604.25, while the BSE Sensex traded 300.78 points down at 77970.5.

Gold’s fresh lifetime high of Rs 84,894 per 10 grams on Wednesday marked an over 10% surge in yellow metal prices in 2025, so far. The rally has been fueled by fears of a likely tariff war between the US and the rest of the world, triggering a haven appeal for bullion. Investors have taken refuge in gold and silver, with the latter also delivering more than 10% returns on the year-to-date basis.

«We talk about US, the great bull market between 1980 and 2000, the Dow moved from some 700 to 10,000, but in that there was something called crash of 87, where books were written about, but we do not talk about it. 2003 to 2008 in the Indian context, the market had hit lower circuit two or three times,» says Atul Suri, Marathon Trends — PMS. It has been a bad year. Will bad get ugly before it gets better? Atul Suri: See, it is a very difficult answer whether it will get ugly, but personally I think that the first question you have got to ask yourself is the primary trend changed. I do not think so. We are still in a larger bull market. Yes, we will go through corrections. We will go through pain. I mean, we know it, we can look back at 50-100-year charts and see that hey no line has gone straight and in all these times.

Keynote Financial(up 16.94%), Pavna Industries(up 15.61%) and VRL Logistics(up 15.60%) were among the stocks that surged over 15%.

Sunita Williams, currently aboard the International Space Station (ISS) after being stranded since June 2024 alongside fellow astronaut Butch Wilmore, recently captured a stunning moment during a spacewalk. NASA shared an awe-inspiring selfie of Williams taken during the mission, calling it “the ultimate selfie,” which has captivated space enthusiasts worldwide.

hold call on Bajaj Electricals Ltd. with a target price of Rs 760 (earlier Rs 900). The current market price of Bajaj Electricals Ltd. is Rs 720.05. Bajaj Electricals, incorporated in 1938, is a Mid Cap company with a market cap of Rs 8285.64 crore, operating in the Consumer Durables sector.

Ola Electric shares are likely to remain in focus on Thursday, February 6, after the company announced its entry into the motorcycle segment by introducing five variants of Roadster X series, with an introductory price of Rs 74,999. “Ola Electric, India's largest pure-play EV company, today announced its entry into the EV motorcycle segment with the launch of its Roadster X series to redefine motorcycling with impressive performance and a thrilling riding experience,” said the company in an exchange filing.

Azad Engineering shares will be in focus on Thursday after the firm signed a long-term agreement with Rolls-Royce PLC, London, to manufacture and supply critical civil aircraft engine components. «We hereby inform you that Rolls-Royce PLC, London- United Kingdom inks deal with AZAD Engineering Limited, Hyderabad- India to produce Civil Aircraft Engine Components in AZAD, India to supply on a long-term basis super critical complex machined parts for a period of life of the Engine Program,» the company said in an exchange filing.

Following the Rs 1 lakh crore boost to consumption via income tax relief, Siddhant Chhabria, Research Analyst & Fund Manager at Mirae Asset, is incrementally looking to further increase allocation in the discretionary sector. «We have been overweight consumer discretionary and underweight staples as the discretionary sector can grow at 1.5-2x GDP growth while staples have the potential to grow at ~1x GDP. Both sectors are trading at similar valuation, hence we prefer discretionary given the growth opportunity,» says the fund manager of Mirae Asset Great Consumer Fund.

Swiggy shares will be in focus on Thursday, February 6, after the company reported a consolidated loss of Rs 799 crore for the December quarter, widening from Rs 574 crore in the same period last year. However, revenue from operations for Q3FY25 stood at Rs 3,993 crore, marking a 31% increase from Rs 3,049 crore in the corresponding quarter of the previous financial year.

Page Industries will remain in focus on Thursday, February 6, after the company announced on Wednesday a 34.4% YoY increase in its net profit for the third quarter, which ended December 2024. The same was reported at 204.7 crore, driven by improved operating margins.

Info Edge will remain in focus on Thursday after the company posted a net profit of Rs 242.59 crore for the third quarter ending December 2024, up 60.6% year-over-year from Rs 151.09 crore a year earlier. The company’s revenue from operations for the third quarter grew 15.2% YoY to Rs 722.39 crore, compared to Rs 627.12 crore in the year-ago quarter.

buy call on Sona BLW Precision Forgings (Sona Comstar) with a target price of Rs 725. The current market price of Sona BLW Precision Forgings is Rs 505.05. Sona BLW Precision Forgings, incorporated in 1995, is a Small Cap company with a market cap of Rs 31140.36 crore, operating in the Auto Ancillaries sector. Sona BLW Precision Forgings' key products/revenue segments include Other Auto Components, Scrap, Export Incentives, Other Services, Other Operating Revenue and Royalty Income for the year ending 31-Mar-2023.

Rajat Sharma, Founder & CEO, Sana Securities, says he is looking at beaten down largecaps which have not been performing on account of difficulties they are facing in their sectors. Consumption and banking are the two sectors where he is focusing right now. In FMCG, one such stock is Asian Paints. Sharma has never liked the stock when it was trading at about a 100-105 odd price earnings multiple three-four years back, but right now is a very, very good time to buy this stock. Among banks, he likes HDFC Bank. A rate cut could be very good news for them. It has been quite a cheer in the last one or two weeks, the major event is already through in terms of Union Budget but the RBI policy is on its way. Help us with your reading on the markets as well as the sectors that you like at this point. Rajat Sharma: Both my reading on the markets and the sectors I like have a lot to do with the events, one, which has gone by and the other which you speak about – the monetary policy meet and the Union Budget. I have consistently maintained for the last few weeks that consumption as a sector was extremely undervalued and within consumption, consumer staples, FMCG stocks is what I have liked and with the way the income tax slab rates have been revised, obviously some value will emerge as the volume growth comes back.

Mahendra Kumar Jajoo, Head-Fixed Income, Mirae Asset Investment, says the rupee is currently valued at 87-87.5 which he considers fair value and may reach new lows, aligning with other currencies. Downward pressure is due to selling by foreign institutional investors (FIIs). However, as March approaches, we expect the Reserve Bank to implement measures in its monetary policy to help banks attract more foreign currency deposits, including the FCNR(B) scheme and eased criteria for external commercial borrowing (ECB). Where do you see the rupee headed because it has been weakening further. It touched an all-time low on Wednesday. Mahendra Kumar Jajoo: After the depreciation in the last one month, rupee is now largely in line with the peers in the rest of the global markets. Currencies like Brazilian Real or Mexican Peso have been depreciating by about 15% to 20% in the last one year. Rupee on a year-to-year basis is just down about 5%. So, there was a period in October, November when the rupee was outperforming all the other major currencies and I think that correction has now been done.

Hexaware Technologies will launch its Rs 8,750-crore initial public offering (IPO) on February 12, with a price band of Rs 674-708 per share. The IPO is a pure Offer for Sale (OFS), with promoter Carlyle offloading its stake. Post-IPO, Carlyle's stake will drop to 74.1% from the current 95%.

Gold prices inched higher on Thursday to hover near an all-time high hit in the last session, as Sino-U.S. tariff war concerns boosted safe-haven demand, while investors awaited the payrolls data for clues about the health of the world's largest economy.