Analysis Financial News

Asset Management (WAM) on Monday announced the acquisition of Batlivala & Karani Securities and Batlivala & Karani Finserv for Rs 1,884 crore, including Rs 200 crore in cash and cash equivalents. B&K is a mid-cap brokerage that primarily caters to institutional investors and also provides corporate treasury services to its clients. The company is supported by a team of over 300 professionals.

ACC’s profit doubled on year in the December quarter, aided by robust volume growth, a moderation in fuel costs and a refund related to government grants. The cement maker posted a consolidated net profit of Rs 1,092 crore for the fiscal third quarter, while revenue from operations rose nearly 21% on year to Rs 5,927 crore. The company sold 10.7 million tonnes of cement during the quarter — its highest ever and up 21% from a year earlier. Sales volume of premium products also increased.

stood among the top gainers.

Benchmark NSE Nifty closed 263.05 points down at 22829.15 amid selling in frontline bluechip counters.

Shares of Federal Bank Ltd.(up 1.62 per cent), ICICI Bank Ltd.(up 1.56 per cent) and State Bank of India(up 0.68 per cent) ended the day as top gainers in the pack.

China Vanke Co.’s chairman and chief executive officer will both resign in an abrupt move after the embattled developer warned of a record 45 billion yuan ($6.2 billion) loss for 2024. Chairman Yu Liang applied to resign due to “work adjustment reasons,” but will remain as a director of the company, Vanke said in a filing to the Hong Kong stock exchange on Monday.

Adani Wilmar's third quarter profit soared 104% year-on-year (YoY) to Rs 411 crore, while revenue from operations increased 31% YoY to Rs 16,859 crore. On a sequential basis, net profit jumped 32% from Rs 311 crore reported in the preceding September quarter. Meanwhile, revenues rose 17% quarter-on-quarter.

Waaree Energies fell as much as 9.4% on Monday, reaching Rs 2,030 on the BSE, as investors fled renewable energy stocks amid concerns about the policy direction under U.S. President Donald Trump. The decline comes as fears mount over increased tariffs on solar imports and a potential rollback of pro-renewables legislation in the U.S., a key market for Indian solar exporters. The broader renewable energy sector was caught in the downdraft, with Adani Green Energy slipping nearly 3% to Rs 983, Premier Energies shedding 4.8% to Rs 952, NTPC Green Energy dropping 4.3% to Rs 107.35, and Suzlon Energy declining 5% to Rs 49.94.

Cipla is expected to report a 3.1-7% year-on-year growth in its December quarter revenue, driven by demand for certain drugs, according to estimates by four brokerages. The topline range for Q3FY25 is projected to be between Rs 6,807 crore and Rs 7,070 crore. The company’s profit after tax (PAT) for the reporting quarter is expected to be in the range of Rs 1,170 crore to Rs 1,217 crore. Among the four brokerages, Axis Securities remains the most bullish on Cipla’s PAT figures, estimating a 14% YoY growth, while Nuvama Institutional Equities is the most conservative, expecting a 2.2% decline.

Robert Kiyosaki, the renowned author of Rich Dad Poor Dad, has issued a bold prediction for the stock market. In a tweet, he forecasted that the "biggest stock market crash in history" will occur in February 2025. According to Kiyosaki, this anticipated crash will send shockwaves through traditional investment markets, but he sees it as a massive opportunity for those who act quickly.

Brainbees Solutions, the parent company of the FirstCry brand, fell 2.3% on Monday to Rs 457.10 on the BSE, extending a recent losing streak as concerns over an impending pre-IPO lock-in expiry loomed large. Brokerage JM Financial maintained its “buy” rating on the stock but slashed its target price to Rs 667, still implying a robust 46% upside from current levels. The stock has been under pressure ahead of the February 13 lock-in expiry, which will make nearly 60% of the company’s share capital — over 300 million shares — eligible for trading. This volume dwarfs the stock’s average daily trading volume of around 760,000 shares and has heightened fears of selling pressure.

Domestic benchmark index NSE Nifty fell 121.3 points to 22970.9, while the BSE Sensex traded 369.37 points down at 75821.09.

Madhabi Puri Buch's tenure comes to end on February 28, the Ministry of Finance has invited applications from qualified candidates to head the country's markets regulator, the Securities and Exchange Board of India (SEBI). «The appointment shall be made for a maximum period of five years from the date of assumption of charge or till attaining the age of 65 years of the appointee, whichever is earlier,» the government job advertisement in a newspaper said today.

HDFC Securities has an add call on UltraTech Cement Ltd. with a target price of Rs 12100. The current market price of UltraTech Cement Ltd. is Rs 11396.1. UltraTech Cement, incorporated in 2000, is a Large Cap company with a market cap of Rs 328195.67 crore, operating in the cement sector. UltraTech Cement's key products/revenue segments include Portland/Possolana Cement, Cement Grey, Other Operating Revenue, Scrap, Lease Rentals, Sale of services for the year ending 31-Mar-2024.

buy call on Cyient DLM with a target price of Rs 650. The current market price of Cyient DLM is Rs 506.3 The time period given by the analyst is a year when Cyient DLM price can reach defined target. Cyient DLM, incorporated in 1993, is a Small Cap company with a market cap of Rs 4055.72 crore, operating in the General sector. Cyient DLM's key products/revenue segments include Printed Circuit Boards and Job Work for the year ending 31-Mar-2023.

Wipro is usually a slow mover, but the ongoing uptrend is replete with bullish continuation patterns, which can make the stock rally towards Rs 335-360 region in the coming fortnight, says Anand James, Chief Market Strategist, Geojit Financial Services. Edited excerpts: Nifty looks on track to end the month on a negative note. What would be your trading strategy on the monthly expiry day, particularly because it comes just ahead of the Budget? With a 2% negative return so far, January appears to end the same way as December which also closed 2% down. But despite the consecutive negative months, it must be noted that unlike October 204, which saw a 6.2% fall, the subsequent months’ close have not been too deep in the red, pointing to the presence of buying interest. This is visible as we head into the budget week, which usually rides on positive expectation despite history pointing to muted reaction on budget day as well deeper cuts in February. However, given the parallel consolidation that we are in, for the last few days, we are encouraged to look for a positive surprise that could aim for 23850-23950. Negative surprises, in the event of rejection trades yet again from 23400 or a direct fall below 22940, could aim for 22260, but the prospects of the same look limited for now.

The Nifty future closed negative with losses of 0.64% at 23114 levels on Friday. India VIX closed 0.3% higher at 16.74 in the previous trading session.

NTPC will remain in focus on Monday, January 27 after the company declared its quarterly results for the period ended December 2024, posting a 3.1% year-on-year (YoY) increase in standalone net profit. The PAT for the said quarter was reported at Rs 4,711.4 crore, compared to Rs 4,571.9 crore in the same period last year.

NTPC Green Energy are likely to remain in focus on January 27 after the company on Saturday announced its results for the third quarter of the financial year 2025, reporting an 18% YoY growth in its net profit. The company’s net profit for Q3 stood at Rs 65.61 crore, up from Rs 55.61 crore in Q3FY24 and 78.82% quarter-on-Quarter (QoQ) at Rs 36.69 crore in Q2FY25.

Shriram Finance shares will remain in focus after the NBFC firm reported a 73% increase in consolidated net profit to Rs 3,249 crore for the third quarter ended December 2024, up from Rs 1,874 crore in the same quarter last year. Total income for the quarter rose to Rs 10,705 crore, compared to Rs 8,927 crore a year ago. Net interest income increased by 14.3% to Rs 5,823 crore, up from Rs 5,094 crore in Q3 FY24.

U.S. interest rates and declining oil prices. The downturn was primarily driven by a sell-off in pharma, real estate, and auto stocks. The benchmark BSE Sensex lost 329.92 points or 0.43% to close at 76,190.46, while the broader Nifty 50 index closed at 23,092.20, lower by 113.15 points or 0.49%.