Analysis Financial News

Tata Power Company Ltd. 0.21 per cent to Rs 396.40 at 10:41AM hours (IST) on Friday. 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 302,364 shares with a turnover of Rs 12.07 crore till 10:41AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 33.87, while the price-to-book value ratio stood at 3.89.

Bank of Baroda 0.55 per cent to Rs 242.55 at 10:31AM (IST) in Friday's trade. The stock hit a high of Rs 245.10 and low of Rs 241.45 so far during the session. The stock had closed at Rs 241.20 in the previous session. The counter had a total traded volume of 10:31AM shares so far with a turnover of Rs 4.58 crore on BSE. The stock traded at a price-to-earnings multiple of 6.28 and a price-to-book ratio of 1.14.

«These numbers if they are the first phase of sort of a revival cycle in the overall growth and if they are able to revive growth to between 15% to 20%, then there could be potentially some upsides,» says Sandip Sabharwal, asksandipsabharwal.com. Let us start with Avenue Supermarts and the entire consumption kind of takeaways that we are getting so far. The auto sales data has been slightly better than expected. Avenue has started the numbers for the consumption vertical and it looks like they have managed to beat expectations. Sandip Sabharwal: So, auto sale numbers were mixed, so some companies like Hero MotoCorp, etc, who are habitual in pushing out inventories hugely, there the decline was quite substantial. Other companies held on. Maruti and M&M did very well. Eicher did very well. So, it is mixed, but it is not bad.

Karma Energy Ltd.(up 10.00%), Indo Tech Transformers Ltd.(up 4.24%), Indowind Energy Ltd.(up 2.54%), Adani Energy Solutions Ltd.(up 2.29%), ACME Solar Holdings Ltd.(up 2.03%), SJVN Ltd.(up 1.29%), Kalpataru Projects International Ltd.(up 1.28%), Transformers & Rectifiers(India)Ltd.(up 1.24%), Gujarat Industries Power Company Ltd.(up 1.22%) and Jyoti Structures Ltd.(up 1.20%) were among the top gainers.

Punjab National Bank 0.71 per cent to Rs 106.20 at 10:26AM (IST) in Friday's trade. The stock hit a high of Rs 107.20 and low of Rs 105.45 so far during the session. The stock had closed at Rs 105.45 in the previous session. The counter had a total traded volume of 10:26AM shares so far with a turnover of Rs 11.63 crore on BSE. The stock traded at a price-to-earnings multiple of 8.45 and a price-to-book ratio of 1.34.

Avonmore Capital (up 20.00%) were among the stocks that surged over 15%.

Canara Bank traded 1.43 per cent in Friday's trade at 10:15AM (IST). Around 262,153 shares changed hands on the counter. The scrip opened at Rs 101.30 and touched an intraday high and low of Rs 103.10 and Rs 101.25, respectively, in the session so far. The stock of Canara Bank quoted a 52-week high of Rs 129.35 and a 52-week low of Rs 88.35.

Nifty50 Index has been trading within a narrow range in recent sessions, hovering around its 200-day EMA, currently positioned near the 23,700 mark. However, Thursday's session witnessed a surge in activity across Financials, IT, and Auto stocks, propelling the index to a robust gain of nearly 450 points, closing at 24,188.65. Volatility levels have declined, indicating a more stable market environment. The index has rebounded decisively from the 200-day EMA, reaffirming it as a critical mid-term support zone.

PSU power financiers REC Ltd and PFC rallied 2.8% on Friday after domestic brokerage firm Emkay Global initiated coverage on the two stocks saying that the controlled upcycle in power capex and lending is here to stay, and both players provide the optimal path to ride it. PFC shares rallied 2.8% to Rs 472.40 on BSE while REC share price also rose 2.8% to Rs 533.55 on the stock exchange.

Yes Bank on Friday said its loans and advances rose by 12.6% year-on-year (YoY) to Rs 2,45,035 crore as of December 31, 2024, from Rs 2,17,523 crore in the previous corresponding year. Quarter-on-quarter (QoQ), loans grew by 4.2% from Rs 2,35,117 crore on September 30, 2024. Deposits grew by 14.6% on a YoY basis to Rs 2,77,199 crore from Rs 2,41,831 crore a year ago. On a QoQ basis, deposits remained flat, compared to Rs 2,77,214 crore at the end of September 2024.

Gland Pharma Ltd.(up 3.18 per cent) and J B Chemicals & Pharmaceuticals Ltd.(up 1.1 per cent) were among the top gainers.

REC Ltd. 1.01 per cent to Rs 524.35 at 10:21AM hours (IST) on Friday. 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 203,550 shares with a turnover of Rs 10.73 crore till 10:21AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 9.26, while the price-to-book value ratio stood at 1.73.

Hero MotoCorp shares slid 3.5% to an intraday low of Rs 4,159.90 on the BSE after the company on Thursday reported a 17.5% year-on-year decline in total sales for December, with volumes falling to 3.24 lakh units compared to 3.93 lakh units in the same month last year. The automaker sold 2.94 lakh units domestically in December, 22% lower than the 3.8 lakh units sold in the same period in 2023. However, exports soared by 91%, reaching 30,754 units, up from 12,110 units in the same period last year, according to the company's regulatory filing.

JK Lakshmi Cement shares will remain in focus on Friday after receiving approval from the NSE and BSE for its amalgamation plan. The scheme involves merging three subsidiaries—Udaipur Cement Works, Hansdeep Industries and Trading, and Hidrive Developers and Industries—into JK Lakshmi Cement.

Axis Securities has a buy call on Hindustan Petroleum Corporation with a target price of Rs 544. The current market price of Hindustan Petroleum is Rs 410. Hindustan Petroleum Corporation, incorporated in year 1952, is a Large Cap company with a market cap of Rs 87432.23 crore, operating in the Gas & Petroleum sector. Hindustan Petroleum Corporation's key Products/Revenue Segments include Refinery, Rent and Other Operating Revenue for the year ending 31-Mar-2024.

Nifty future closed positively, gaining 1.56% to end at 24,270 levels on Thursday. On the options front, the maximum Call OI is placed at 25,000, followed by 24,500 strikes, while the maximum Put OI is placed at 24,000, followed by 23,800 strikes.

«What started off as a pure FMCG consumer staples kind of a segment until about two to three years ago, today caters to multiple categories. We have seen how quick commerce has disrupted the BPC category,» says Karan Taurani, Senior VP, Elara Securities. Tell us now with Blinkit's 10-minute ambulance service and now BB Now, as we know it, they are venturing into delivering prescription drugs. How do you assess the future of quick commerce in healthcare because the important bit is it could be game changing, it could be something that where they are spreading themselves too thin and this could be at an early stage of evolution. How do you see it? Karan Taurani: So, if you look at the quick commerce business segment, it does have a very big demand for verticals which are impulse nature in terms of consumer buying. So, medicine that way is more of a planned purchase category. Nonetheless, this is one more category which is very important because it is a very high frequency driver. Consumers would require medicines maybe on a weekly basis or a fortnightly basis.

Axis Securities has a buy call on Infosys with a target price of Rs 2335. The current market price of Infosys Ltd. is Rs 1907. Infosys, incorporated in 1981, is a Large Cap company with a market cap of Rs 785939.11 crore, operating in IT Software sector. Infosys' key products/revenue segments include Software Products and Software Development Charges for the year ending 31-Mar-2024.

Sensex and Nifty 50 opened marginally lower on Friday, dragged down by index heavyweights Infosys, TCS, and ICICI Bank. The BSE Sensex was trading 366.23 points, or 0.46%, lower at 79,577.48. The Nifty50 was down 19 points, or 0.23%, trading at 24,169 around 9:35 am.

Crypto bros are heading into 2025 with great expectations. For the $135 million they have donated to President-elect Donald Trump and dozens of successful congressional campaigns, they want unhindered access to the global banking system and an end to lawsuits against the industry by the Securities and Exchange Commission. A strategic US reserve dedicated to Bitcoin will be the icing on their cake. Don’t be surprised, however, if the actual outcome turns out to be less than a libertarian feast.

SME IPO of Fabtech Technologies will open for subscription today and will close on January 7. The company aims to raise Rs 28 crore through the SME IPO and list the shares on BSE SME platform. Here are 10 key things investors need to know about the public offer before subscribing to the issue.