Trade Financial News

mutual funds do best only in bull markets. But even in volatile markets, smart fund managers can create and protect value for investors in uncertain times. The recent correction, spanning 26th September 2024 – 21st January 2025, is a case in point.

IndusInd Bank. Analysts point to a disappointing show on almost all the metrics. The net interest income (NII) during the third quarter is likely to rise by a marginal 1% year-on-year (YoY), according to an average estimate of six brokerages. This along with higher provisions could drag the PAT down significantly by 40% YoY.

Nissan Motor is slashing production at its U.S. plants and offering buyouts to factory workers there as part of the Japanese automaker’s urgent efforts to return to profitability

Tesla’s fourth-quarter adjusted profits rose slightly amid a big push to sell its electric vehicles with offers of zero financing and other incentives, but the results still fell short of Wall Street forecasts

Asian shares are mostly higher in muted trading after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through lower rates in September

Adani Ports and Special Economic Zone (APSEZ) on Thursday reported a 14% year-on-year (YoY) growth in its December quarter consolidated net profit at Rs 2,520 crore versus Rs 2,208 crore posted in the year-ago period. The Q3FY25 revenue from operations stood at Rs 7,964 crore which was up by 15% over Rs 6,920 in the corresponding quarter of the previous financial year.

«Going forward, again, I believe Doji Candles of the previous day, I think yesterday we had a strong bull candle, going forward we believe 23,300, yes, has been working as a multiple resistance for last few trading sessions but we expect that to surpass and we should be looking for a target of around 23,700 which is again a 200-day moving average,» says Dharmesh Shah, ICICI Direct. What is the sense on the markets? Dharmesh Shah: Yes, definitely after a sharp weakness in the last few trading sessions, we see more of a technical pullback happening for the markets. And the most important part was we reverted from the major support of 22,800 which has been holding in last few trading sessions.

Info Edge (India), the parent company of Naukri.com, on Thursday announced its plans to consider a stock split— a first for the company. The board of directors is scheduled to meet on February 5 to discuss and potentially approve the split ratio. “A meeting of the Board of Directors is scheduled to be held on Wednesday, February 05, 2025, to, inter alia, consider and approve the unaudited Standalone & Consolidated Financial Results for the Quarter and Nine months ended December 31, 2024, we hereby inform you that at the said Meeting, the Board of Directors will also consider the proposal for alteration in the share capital of the Company by way of sub-division/ split of the existing Equity Shares of the face value Rs. 10/- each, fully paid-up, in such manner as may be determined by the Board of Directors subject to approval of the shareholders of the Company,” said the company in its exchange filing.

Hemang Jani, Independent Market Expert, says even as we discuss if the valuations are accurate, companies that are doing well and have a solid business model will eventually benefit investors. It's important to identify companies that are succeeding in tough market conditions, whether they are in banking, automotive, or consumer technology. Jani further says that for some of the platform companies, the story is over. Maybe a bit of a cool-off was required. There is massive selling by the FIIs which were holding some of these stocks. But from a 6 months, 12 months kind of perspective, these remain very interesting themes and particularly Zomato and Swiggy are the names I am pretty comfortable buying into at around current levels.

The NSE Nifty index was trading 83.75 points up at 23246.85, while BSE Sensex was up 173.21 points at 76706.17 at the time of writing this report.

ITC Hotels slipped as much as 5% on Thursday to Rs 169.70 on the BSE on its second day of trading post-listing, after the demerged hotels arm of ITC faced selling pressure on its Dalal Street debut on Wednesday. Despite the weak start, analysts suggest investors stay put, citing strong long-term growth prospects in the hospitality sector, a favorable demand-supply outlook, and ITC Hotels’ strategic expansion plans. The stock, which opened at Rs 188 on its debut, hit a 5% lower circuit minutes into trading on Wednesday as ITC shareholders who were not keen on holding the hotels business sought an exit. The listing price was nearly 31% lower than the special price discovery value of Rs 260 assigned in an earlier session on the Nifty and around Rs 270 on the BSE.

Sakthi Sugars Ltd.(up 1.41%), Avadh Sugar & Energy Ltd.(up 1.28%), Bannari Amman Sugars Ltd.(up 1.21%), Ponni Sugars(Erode)Ltd.(up 1.05%), KCP Sugar & Industries Corporation Ltd.(up 0.94%), Bajaj Hindusthan Sugar Ltd.(up 0.81%), EID Parry(India)Ltd.(up 0.59%), Rajshree Sugars & Chemicals Ltd.(up 0.59%), Rana Sugars Ltd.(up 0.52%) and Kothari Sugars & Chemicals Ltd.(up 0.41%) were among the top gainers.

«So, frankly, the inflows as far as the funds are concerned have not really got affected, maybe some marginal changes which one cannot call it a trend as of now, that is number one,» says Vinit Sambre, DSP Mutual Fund. The time to panic in small and midcap stocks is it over or you can still churn your portfolio out of small and midcap stocks? I mean, everyone saw this coming, it is just that when it hits you, you regret. Vinit Sambre: See, basically, first of all small and midcaps in general as I have been telling that these are categories which had to be looked from a long-term perspective and last three-four years were very strong for across the equities and it is time for some reversal as of now and when I actually think about a lot of the factors which we keep monitoring, the most important factor comes about is the growth in the earnings and this is the first time after a few years we are seeing moderation, cuts have happened, more importantly results are actually reflecting what is happening as far as earnings are concerned which was not happening over the last three years.

Umang Dairies Ltd.(up 3.86%), Vadilal Industries Ltd.(up 2.34%), Sheetal Cool Products Ltd.(up 2.34%), JHS Svendgaard Laboratories Ltd.(up 2.22%), Bikaji Foods International Ltd.(up 2.17%), ADF Foods Ltd.(up 2.02%), Dangee Dums Ltd.(up 1.80%), Heritage Foods Ltd.(up 1.65%), Dodla Dairy Ltd.(up 1.38%) and Tata Consumer Products Ltd.(up 1.20%) were among the top gainers.

Agro Phos India Ltd.(up 11.89%), Aries Agro Ltd.(up 3.79%), Rashtriya Chemicals & Fertilizers Ltd.(up 3.47%), Madras Fertilizers Ltd.(up 3.42%), Mangalore Chemicals & Fertilizers Ltd.(up 3.30%), Nagarjuna Fertilizers and Chemicals Ltd.(up 2.83%), National Fertilizers Ltd.(up 2.71%), The Fertilisers and Chemicals Travancore Ltd.(up 2.53%), Paradeep Phosphates Ltd.(up 2.53%) and Coromandel International Ltd.(up 2.47%) were among the top gainers.

carbon credit framework. As international mandates for sustainable supply chains, production, and trade become increasingly prominent, carbon credits play an important role in their implementation.

Laurus Labs Ltd.(up 6.66 per cent), Granules India Ltd.(up 4.77 per cent), Ajanta Pharma Ltd.(up 2.8 per cent), Abbott India Ltd.(up 2.56 per cent) and J B Chemicals & Pharmaceuticals Ltd.(up 2.2 per cent) were among the top gainers.

The Orissa Minerals Development Company Ltd.(up 4.68%), Pokarna Ltd.(up 2.70%), MOIL Ltd.(up 2.49%), Aro Granite Industries Ltd.(up 1.99%), Lexus Granito(India)Ltd.(up 1.78%), Ashapura Minechem Ltd.(up 1.75%), Sandur Manganese & Iron Ores Ltd.(up 1.65%), KIOCL Ltd.(up 1.41%), Coal India Ltd.(up 1.30%) and NMDC Ltd.(up 0.81%) were among the top gainers.

The central bank hiked borrowing costs aggressively from mid-2022 to tame runaway energy and food costs, but is now bringing them back down as price rises slow and the eurozone economy looks weak.

Kenneth Andrade, Founder & CIO, Old Bridge Capital Management, there are three sectors showing strong single-digit growth and mid-teen profit margins that he finds appealing. One major industry is pharmaceuticals, where he believes the companies have a strong chance of success. We are the world's lowest-cost producer because we manage our own supply chain. Andrade is also very interested in the aviation sector and the broader transportation industry. The third sector is a well-established area in IT and IT services. Andrade further says that when the market recovers, it's important to review the ideas you invested in and stay patient. Build a portfolio that you want to keep for the next five years. With every chance you get, reinvest in the same stocks you already own. What is your experience telling you? Have markets peaked out for a long time? Are we in for a long winter? Kenneth Andrade: It depends upon how you categorise it. But I definitely think we have had a great five years, especially after the pandemic. And all of us need a little bit of a breather, including the marketplace. So, hopefully what set in at the beginning of this calendar year continues to consolidate and some of the froth needs to get out of the system. Too many excesses have been built up over the last two years. I hope that this consolidates well around this place.

Siddhartha Khemka, Head-Retail Research, MOFSL, says cement demand is showing signs of recovery in various sectors, including housing and infrastructure, both in rural and urban areas. A good monsoon is expected to boost demand, particularly from rural regions. Additionally, with the upcoming Budget, there are hopes that government spending, which has been low this year, will increase significantly next year, aiming for a 10% to 15% growth in capital expenditure. This should positively impact the overall cement industry. In cement, Khemka says, UltraTech is their preferred pick, followed by JK Cement among the midcaps. Within the fertiliser space, the pick is Coromandel International. What do you make of the market setup right now? Do you think the bulk of the poison is out of the system or do you think there is going to be another couple of weeks of volatility and perhaps at the end of next week, after the Delhi election outcome, etc, is out, that the market will finally stabilise and pick up a direction. Siddhartha Khemka: The major worry for us from the market perspective is the earnings and that has been something which has been a bit subdued and I would say only until the end of the result season, we could see some stability. Based on whatever numbers that have come so far and the outlook for Q4, even Q4 does not look to be a very strong quarter.