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neutral call on Anand Rathi Wealth with a target price of Rs 4,200. The current market price of Anand Rathi Wealth is Rs 3952.05. Anand Rathi Wealth, incorporated in 1995, is a Large Cap company with a market cap of Rs 16549.13 crore, operating in the NBFC sector. Anand Rathi Wealth. key products/revenue segments include Income From Sale Of Share & Securities for the year ending 31-Mar-2024.

Rajeev Agarwal, Fund Manager & Managing Partner, DoorDarshi India Fund, says many times, it is not about whether the business is a good business, but if the price is good enough? It is more of trying to be very careful with where the price is versus what we think the value is. And being conservative, many times they have to exclude some of the market darlings. Agarwal also says Indian markets have experienced significant gains, and we are beginning to observe a phase of consolidation. He anticipates that capital expenditure will start to increase, and the Indian economy to perform well, leading to a resurgence in earnings growth. All the action seems to be happening in the US right now and it is really the dollar which is pulling the reins for emerging markets also? Rajeev Agarwal: Trump inauguration is next week and it will be interesting to see how the policy measures that everybody has been talking about start showing up. In fact, Trump is talking about a weaker dollar. The fact that the dollar is running up and yet Trump is trying to encourage more exports out of the US, it will be interesting to see whether Trump policies impact the dollar strength that we have been seeing for the last few months.

Jitendra Gohil, Chief Investment Strategist, Kotak Alternate Asset Managers, says one can start nibbling in this sector. But one has to be cautious of auto ancillaries that are exposed to the global auto sectors as there is a lot of glut there. But from the domestic side, tractors and CV players, especially CV financiers, are in a better position in this market. Also, midcap IT companies which support defence industries, are looking pretty good. Hiring is picking up. So, the outlook of some of the hiring companies dealing with IT manpower has also brightened. Let’s look at the rural consumption/ recovery story. Is FMCG staples something that you will be looking out for? In the auto space, can somebody look at the tractor space as well as of late a few of the fund managers and investors are flagging off this space as attractive. Jitendra Gohil: In terms of rural recovery, the tractor segment looks decently positioned. The kharif output is also expected to be around 4% up. Rural recovery probably is a good play and if I look at the auto sector, we have been negative and underweight on this sector. But now looking at the correction that has happened, generally the March quarter is good for four-wheelers and even for CV cycle as due to the depreciation benefit that they get, the March quarter should be very strong for auto companies.

Capital Numbers Infotech IPO kicks-off from today as the company plans to raise around Rs 169 crore through the public offer. The issue includes a fresh equity sale worth Rs 85 crore and an offer for sale (OFS) of 32.2 lakh shares. In the IPO, qualified institutional buyers (QIB) will have about 50% of the shares reserved for them, while retail and non-institutional investors have to bid in the categories that have a reservation of 35% and 15%, respectively.

Angel One may remain in focus on Monday, January 20 as today is the last day to buy the shares of the company to qualify for the Rs 11 dividend announced by the company. “We would like to inform you that the Board of Directors of the Company at its meeting held today i.e. January 13, 2025 at Maple Conference Room, 6th Floor, Ackruti Star, Central Road, MIDC, Andheri East, Mumbai-400093 which commenced at 02.50 p.m. and ended at 06.25 p.m. have inter alia, approved and taken on record the following: The Board has declared 1 st Interim Dividend for the Financial Year 2024-25 at the rate of Rs. 11 .00/- per share on equity shares having face value of Rs. 10 per share, as on the Record date,” Angel One stated in its filing to the exchanges.

Wipro shares will remain in focus after the IT services company reported 24% growth in its consolidated net profit for the quarter ended December 31, 2024, to Rs 3,354 crore, while revenue from operations rose by a marginal 0.5% to Rs 22,319 crore. On a sequential basis, profit after tax (PAT) was up nearly 5% and the revenue increased just 0.1%.

Barflex Polyfilms IPO received strong response from investors, the shares will debut on the NSE SME platform on Monday. Going by the GMP trends, investors are likely to see moderate returns. The current GMP ahead of the listing is at Rs 13. Compared with the issue price of Rs 60, this will be a premium of 21% over the issue price.

Subscribe to enjoy similar stories. Former US president Bill Clinton’s aide James Carville once said, “I used to think that if there was reincarnation, I wanted to come back as the president or the Pope or as a .400 baseball hitter.

Asian equities climbed in early Monday trading, tracking US peers following a positive conversation between Donald Trump and Chinese leader Xi Jinping ahead of the US President-elect’s inauguration. Shares in Australia, Japan and South Korea gained. A gauge of US-listed Chinese shares jumped 3.2% Friday as Trump described the talk between the two leaders as “very good.” US futures were slightly lower in Asian trading with Wall Street closed on Monday due to a holiday.

Kotak Mahindra Bank has indicated that the Reserve Bank of India (RBI) is reviewing the progress of its technology upgrades. The bank's management said that while it is in regular communication with the regulator, it cannot predict when the embargo on its digital ops would be lifted. «We are in constant touch with the RBI, we constantly give them updates and meet them, they do their own evaluation and this has been helpful,» Ashok Vaswani, managing director, Kotak Mahindra Bank, told analysts. «They (RBI) have provided us guidance. It's very hard to say at what stage the RBI will say we are going to lift you out of jail, I honestly don't know. Most of the work has been done.»

Four of the six central banks overseeing the 10 most heavily traded currencies held meetings since November, and have lowered their lending benchmarks.

stock splits, with some stocks trading as low as ₹1. Stock splits are intended to reduce the price of shares, making them more accessible to retail investors. However, several Indian small-cap companies have misused this mechanism, using it as a significant milestone to artificially inflate their stock prices.

high Treasury rates hamper weaker credits from tapping international capital. While a recent surge in US bond yields has abated for now, investors fear the upward moves will resume after President-elect Donald Trump takes office on Monday, given his support for trade-tariff hikes and mass deportations, policies that are considered inflationary.

SBI Life, HDFC Life, SRF, Navin Fluorine, Biocon, Marico, Bharti Airtel, HAL, Deepak Fertilizers, Tata Motors, TCS, and Bajaj FinServ present favorable risk-reward setups on the charts, said analysts. ROHAN SHAH TECHNICAL ANALYST, ASIT C MEHTA INVESTMENT

capital markets regulator Sebi seeking its approval to float an initial public offering (IPO). The IPO is entirely an Offer-for-Sale (OFS) of up to 5.33 crore equity shares by promoter Nitesh Gupta, according to the draft red herring prospectus (DRHP). At present, promoters hold 100 per cent stake in the company.

Revenue from operations in the third quarter is expected to grow 66% YoY, according to the average estimate of four brokerages, while profit after tax (PAT) may increase 55% YoY.

Nifty closing lower despite relative strength in the broader market. The Nifty faced selling pressure throughout the session, ending the day at 23,203, while the volatility index (India VIX) rose by 1.82%, signaling increased market uncertainty. Technically, the Nifty formed a hammer candle on the daily chart, suggesting some buying interest at lower levels but remains below its 250-day Simple Moving Average (SMA) of 23,560. This, coupled with a doji formation on the weekly chart, points to indecision. While the Nifty Midcap and Smallcap indices closed with modest gains, the overall market sentiment remains cautious.

Infosys and Tata Consultancy Services taking the biggest hit. Last week, the BSE benchmark lost 759.58 points or 0.98 per cent, and the Nifty declined by 228.3 points or 0.97 per cent. From the top 10 pack, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Infosys, Hindustan Unilever and ITC faced a combined erosion of Rs 1,71,680.42 crore in their market valuation while Reliance Industries, Bharti Airtel, State Bank of India and Life Insurance Corporation of India (LIC) were the gainers.

Key results to track include those of HDFC Bank, Paytm, Zomato, HUL, ICICI Bank, YES Bank, IndiGo, Ultratech Cement, Dr. Reddy's, and several others.

Recent analysis of over 400,000 mutual fund portfolios through advanced wealth monitoring platforms has revealed a stark picture: approximately 65% of portfolios fail to match, let alone exceed, their respective benchmarks. This underperformance isn't merely a temporary setback; it's a wealth erosion epidemic that compounds over time, particularly affecting High Net-Worth Individuals (HNIs) who have the most to lose.

Nifty closed at 23,203.20, down by 108.60 points, or 0.47%.