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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.

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.

Hamas released three Israeli women held in Gaza on Sunday, while Israel was expected to release 90 Palestinian women and minors held in its prisons later in the day.

Subscribe to enjoy similar stories. Indian equities are “not overly expensive, contrary to market consensus relying on traditional valuation metrics", according to Ben Powell of BlackRock Investment Institute. While India's large-cap stocks trade at 23 times their forward earnings, above historical averages, “we think this high P/E ratio reflects strong growth prospects", said Powell, chief Middle East, and APAC investment strategist at the research arm of the world's largest asset manager.

Subscribe to enjoy similar stories. Friday's market session began with a gap-down opening at 23,277 (-68.50 points). The index subsequently declined 180 points from the opening level to 23,100, but rebounded to close at 23,203.10.

Subscribe to enjoy similar stories. India's benchmark index Nifty50 closed below the 50-WMA and formed another bearish candle on last week's chart. Taking cues from the global and domestic markets, the index started the session with a gap-down opening at 23,277 and continued to trade in negative trajectory, closing at 23,203.20.

Sidbi) to run a secondaries-focused fund of funds, people in the know told ET.

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.

Motilal Oswal Financial Services refuted bribery allegations on social media against its asset management unit officials related to its investments. While the Mumbai-based firm, in a release on Sunday, did not specify the investments, the market and social media have been abuzz with speculation in the past week that money managers have been bribed to buy shares of Kalyan Jewellers. The Kerala-based jewellery chain refuted the allegations in a conference call with analysts early last week. Motilal Oswal Mutual Fund is one of the top institutional investors in Kalyan. These rumours had resulted in Motilal Oswal shares falling 12% in the past three trading days and Kalyan's shares tumbling 20% in the past week and 33% in a month.

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

supply chains to strengthen economic ties, commerce and industry minister Piyush Goyal said Sunday.

Donald Trump’s victory in the November US presidential election sparked an immediate rally in markets, with stocks flying, the dollar soaring and Bitcoin leaping off the charts. But just two months later, the Republican is set to return to the White House, and only some of those trades endure.