Analysis Financial News

Au Small Finance Bank Ltd. 0.91 per cent to Rs 553.75 in Friday's trade as of 10:15AM (IST). The stock hit a high price of Rs 557.40 and low of Rs 548.75 during the session. The return on equity (ROE) for the stock stood at 12.28 per cent. Traded volume on the counter stood at 10:15AM shares and turnover at Rs 0.79 crore around that time. The stock of Au Small Finance Bank Ltd. quoted a 52-week high price of Rs 813.00 and 52-week low prices of Rs 540.90, respectively.

KPI Green Energy Ltd.(up 3.85%), ACME Solar Holdings Ltd.(up 2.69%), India Power Corporation Ltd.(up 2.21%), GE Vernova T&D India Ltd.(up 1.62%), Karma Energy Ltd.(up 1.43%), Orient Green Power Company Ltd.(up 1.42%), Adani Power Ltd.(up 1.27%), Hitachi Energy India Ltd.(up 1.01%), NTPC Ltd.(up 0.86%) and Adani Green Energy Ltd.(up 0.83%) were among the top gainers.

foreign institutional investors (FIIs) remain net buyers of Indian stocks this month with the good-old financials and IT on top of the buying list, 3 sectors — oil and gas, auto and FMCG — saw $1 billion exit. NSDL data shows that in the first fortnight of December, FIIs sold Rs 5,337 crore worth of stocks in oil and gas sector, Rs 1,823 crore in auto and another Rs 1,655 crore in FMCG. The combined sell-off in all these 3 stocks have crossed $1 billion-mark.

Gold prices are displaying weakness, falling by Rs 2,260/ 10 grams in the last one week while silver prices fell by Rs 5,600/kg in the same period.

buy call on Lemon Tree Hotels with a target price of Rs 190. The current market price of Lemon Tree Hotels Ltd. is Rs 154.25. Lemon Tree Hotels, incorporated in 1992, is a Mid Cap company with a market cap of Rs 12207.73 crore, operating in Tourism & Hospitality sector. Lemon Tree Hotels Ltd. key Products/Revenue Segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2024.

Motilal Oswal Securities (MOSL) and Jefferies have initiated positive coverage on Anant Raj and Sagility, respectively, citing robust growth potential and strong fundamentals. MOSL highlights Anant Raj's leadership in the NCR real estate market and its early mover advantage in the data center localization wave, projecting significant growth in pre-sales and collections.

metal stocks, amid lingering concerns over a slower pace of rate cuts by the US Federal Reserve. The BSE Sensex was trading 300 points, or 0.41%, lower at 78,896.67. The Nifty50 was down 62.25 points, or 0.26%, trading at 23,889 around 9:53 am.

NACDAC Infrastructure has become one of the highest subscribed IPOs in the SME market history after receiving bids nearly 2,000 times higher than the shares on offer. The company was merely seeing Rs 10 crore through its public offer and planned to list its shares on the BSE SME platforms. The bids received were for 411 crore shares worth over Rs 14,000 crore as against just 20 lakh shares on offer. Post the bumper response for the IPO, the company will finalise the share allotment later today.

Vishal Mega Mart Ltd.’s trading debut Wednesday underscored this insatiable appetite for IPOs — shares of the retailer surged more than 40%. The feeding frenzy is set to roll into 2025, according to several women on the front lines.

Reliance Industries shares will remain in focus on Friday after Venezuela's state oil company PDVSA and Reliance Industries resumed an oil swap arrangement that was previously halted due to U.S. sanctions. This development follows a U.S. license granted in July authorizing such trade, according to an internal PDVSA document. A supertanker carrying about 1.9 million barrels of Venezuelan Merey heavy crude departed earlier this month for India's Sikka port, while a unit of Reliance delivered a 500,000-barrel cargo of heavy naphtha to PDVSA this month in exchange, according to the document.

InterGlobe Aviation (IndiGo) and SpiceJet are likely to remain in focus today as the government, in its 55th GST Council meeting, may consider bringing ATF under the GST's ambit. As ET reported earlier, the 55th GST Council meeting is likely to discuss the possibility of bringing aviation turbine fuel (ATF) under the Goods and Services Tax (GST) regime, a significant development for the aviation sector.

buy call on Indian Hotels Company (IHCL) with a target price of Rs 950. The current market price of Indian Hotels is Rs 880.3. IHCL, incorporated in 1902, is a Mid Cap company with a market cap of Rs 125461.32 crore, operating in Tourism & Hospitality sector. Indian Hotels Company's key products/revenue segments include Income from Rooms, Restaurants & Other Services and Other Operating Revenue for the year ending 31-Mar-2024.

stock picking because we believe that focusing on the smallest unit—the individual stock—can deliver performance when aggregated,” says Anil Rego, MD & CIO, Right Horizons PMS. In an interview with ETMarkets, Rego said: “One of the key methodologies we use is to look for multi-baggers. It’s a simple concept: if we can find stocks that can grow earnings and help the stock double in value, we focus on them,” Edited excerpts:

“Earnings growth, margins for a wide variety of businesses and the most crucial – the margin of safety of investors new investments that are put into various assets incrementally in 2025 and beyond,” says Sahil Kapoor, Head of Products and Market Strategist, DSP Mutual Fund. In an interview with ETMarkets, Kapoor said: “Private banks, selects PSU banks, Healthcare providers, select Auto OEMs and some insurance companies appears to have a good mix of valuations, steady earnings and probability of decent growth outcomes are key themes for 2025,” Edited excerpts:

IT stocks like TCS, Infosys, and HCL Tech are likely to be in the spotlight on Friday following Accenture's better-than-expected Q1 earnings and upgraded revenue guidance. Accenture’s first-quarter revenue of $17.7 billion surpassed analyst estimates of $17.12 billion, driven by strong demand for its AI-powered solutions that help businesses optimize operations.

IPO) of Carraro India will open for subscription today. The Rs 1250 crore issue, which is entirely an offer for sale of 1.77 shares, will be available for bidding till December 24. Since the IPO is completely an OFS, the proceeds from the offer will go to the selling shareholders.

Indian Oil Corporation (IOC) are in focus after a senior executive of the company stated that it will invest over Rs 21,000 crore to expand its Barauni refinery in Bihar and establish a city gas distribution network across the state. IOC is upgrading the Barauni refinery from a capacity of 6 million tonnes per annum (mtpa) to 9 mtpa, along with a petrochemical plant, at an estimated cost of Rs 16,000 crore.

IPO) of Ventive Hospitality will open for subscription today. The Rs 1600 crore issue, which is entirely a fresh equity sale of 2.48 shares, will be available for bidding till December 24. The proceeds from the offer will be used for repayment of debt, payment of interest accrued in step-down subsidiaries and general corporate purposes.

Nacdac Infrastructure set a record on Thursday, being oversubscribed 1,976 times on its final day. The ₹7.28-crore offering attracted ₹14,386 crore in bids from 6.41 lakh applications. The non-institutional investor (NII) portion of the IPO was subscribed 2,635 times, while the retail investor segment saw 2,504 times subscription. The qualified institutional buyer (QIB) category was subscribed 236 times.

Subscribe to enjoy similar stories. Nifty50 extended its losses for the fourth consecutive session and closed at 23,951 on Thursday. Taking cues from the global market, the index started the day with a gap-down opening at 23,877.15 and traded sideways in a narrow range of 24,870.30-24,004.90.

Carraro India Ltd, the manufacturer of transmission systems for off-highway vehicles and other agricultural and construction equipment, on Thursday said it has garnered Rs 375 crore from anchor investors, ahead of its IPO opening for subscription. Aditya Birla Sun Life Mutual Fund (MF), HSBC MF, UTI MF, Sundaram MF, Motilal Oswal MF, Kotak Mahindra Life Insurance Company, Bajaj Allianz Life Insurance Company, Tata AIA Life Insurance Company and SBI General Insurance Company are among anchor investors, according to a circular uploaded on BSE's website. According to the circular, Carraro India has allotted 53.27 lakh equity shares to 33 funds at Rs 704 apiece, which is also the upper end of the price band. This aggregates the transaction size to Rs 375 crore.