Trade Financial News

Mamata Machinery more than doubled investors' wealth on the listing, delivering a blockbuster debut — the third biggest debut return for any IPO this year — as 2024 draws to a close. The company manufactures and exports plastic bags and pouch-making machines, packaging machines, and extrusion equipment. It provides end-to-end manufacturing solutions for the packaging industry.

LTIMindtree Ltd. 0.91 per cent to Rs 5698.20 at 12:38PM 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 4,006 shares with a turnover of Rs 2.29 crore till 12:38PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 36.25, while the price-to-book value ratio stood at 7.30.

«We do expect some bullish factors still to play out like Ramzan, but we are expecting big Latin American soybean oil crops so that will moderate the bullishness,» says Nadir B Godrej, CMD, Godrej Industries. Let us discuss what has happened in October to November and that is the surge in the palm oil prices. They had surged a bit, but then there has been a bit of a volatility. They have corrected a bit of late as well. What is the sense on the prices going forward? Are they expected to be as volatile or what are the levels that you are watching out for? Nadir B Godrej: This has been a very unusual situation because palm oil has had a huge premium over soybean oil, which we have not seen in the past. It was always a discounted oil, but it is in high demand nowadays for both biodiesel as well as for speciality fats and that is keeping palm oil at a premium to the other oils. It was even at a premium to rapeseed oil and sunflower oil for a while and a big premium to soybean oil.

Bandhan Bank Ltd. 0.03 per cent to Rs 161.45 in Friday's session as of 12:43PM (IST) even as the equity benchmark Sensex traded 273.23 points at 78745.71. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 263.15 and a 52-week low of Rs 157.10 on NSE. Around 438164 shares changed hands on the counter till 12:43PM (IST).

On the technical charts, the 200-DMA of the stock stood at Rs 936.83, while the 50-DMA was at Rs 824.25. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

Bank of Baroda traded at Rs 246.55 on BSE at 12:02PM (IST) on Friday, 0.12 per cent from previous close. The stock quoted a 52-week low price of Rs 219.45 and a high of Rs 298.45.

Ambuja Cements Ltd. rose 0.22 per cent to Rs 549.95 in Friday's trade. It hit an intraday high of Rs 553.80 and low of Rs 545.20, respectively, during the day. The stock quoted a 52-week high price of Rs 706.85 and low of Rs 452.90.

Federal Bank Ltd. traded 0.0 per cent at Rs 197.75 at 12:07PM (IST) on Friday, even as BSE benchmark Sensex 306.39 points to 78778.87. The scrip had settled at Rs 197.75 in the previous session. The stock quoted a 52-week high price of Rs 216.90 and 52-week low of Rs 139.45, respectively. As per BSE data, total traded volume on the counter till 12:07PM (IST) stood at 125077 shares with a turnover of Rs 2.48 crore.

initial public offering (IPO) of Anya Polytech & Fertilizers has been subscribed by nearly 16 times on the second day so far. The issue attracted strong demand from the retail investors, who had bid for over 31,43 crore shares by 11:20 am. Meanwhile, the non-institutional investors (NIIs) had bid for 4.93 crore lakh shares out of the 1,52,10,000 shares reserved for them, subscribing to the issue by 3.2 times.

«Size of the opportunity is very good. In retail, and this be true for any form of retail, you got to get your unit economics right. And if you get your unit economics right, that is to say per unit order or per unit quick commerce transaction, more than cost of capital, then the sky is the limit for you and I think Zomato has the first mover advantage, they have got the unit economics right, they have broken even, they are making contribution margin which are positive and now it is only about expansion into tier I, getting economies of scale,» says Manish Sonthalia, Emkay Investment Managers. And while we are talking about the entire consumer space, one name that I am seeing in a portfolio of yours as a top holding is Zomato. Not really surprised to see Zomato, but also not expecting to not see Swiggy make it to this list. What is making Zomato much more attractive than Swiggy because Swiggy has also been innovating if not at a higher pace, then largely at the same pace that which Zomato has. They have also had a couple of recent rollouts. The stock seems to be doing well over the last one month and ever since it is listing we have very bullish brokerage notes coming in for Swiggy as well. What is making Zomato more attractive than Swiggy to hold in your portfolio right now? Manish Sonthalia: So, not specifically commenting on Swiggy because regulation prohibit us from commenting about stocks that are not a part of our portfolio, but I would look at the entire space like this, that the TAM, the size of the opportunity is humongous.

Adani Power Ltd. 0.13 per cent to Rs 506.50 in Friday's trade as of 12:17PM (IST). The stock hit a high price of Rs 513.65 and low of Rs 505.80 during the session. The return on equity (ROE) for the stock stood at 58.53 per cent. Traded volume on the counter stood at 12:17PM shares and turnover at Rs 18.58 crore around that time. The stock of Adani Power Ltd. quoted a 52-week high price of Rs 896.75 and 52-week low prices of Rs 430.85, respectively.

The themes we would like to invest in during the current environment are largely domestic-facing sectors, such as Capex in the power sector, industrials, capital goods, and telecoms, due to robust domestic tailwinds. We also favor the “Make in India” stories in chemicals and healthcare, despite the possible increase in tariffs from the US in the future.

Domestic benchmark index NSE Nifty gained 121.8 points to 23872.0, while the BSE Sensex traded 400.92 points up at 78873.4.

SRF Ltd. traded 0.16 per cent in Friday's trade at 11:26AM (IST). Around 492 shares changed hands on the counter. The scrip opened at Rs 2267.25 and touched an intraday high and low of Rs 2277.40 and Rs 2263.15, respectively, in the session so far. Shares of the company of SRF Ltd. quoted a 52-week high of Rs 2697.45 and a 52-week low of Rs 2088.55.

ACC Ltd. 0.21 per cent to Rs 2084.40 in Friday's trade as of 11:37AM (IST). The stock hit a high price of Rs 2101.00 and low of Rs 2082.80 during the session. The return on equity (ROE) for the stock stood at 14.3 per cent. Traded volume on the counter stood at 11:37AM shares and turnover at Rs 0.38 crore around that time. The stock of ACC Ltd. quoted a 52-week high price of Rs 2843.00 and 52-week low prices of Rs 1867.15, respectively.

Tata Elxsi Ltd. traded 0.48 per cent in Friday's trade at 11:31AM (IST). Around 1,660 shares changed hands on the counter. The counter opened at Rs 6892.40 and touched an intraday high and low of Rs 6979.95 and Rs 6857.75, respectively, in the session so far. Shares of the company of Tata Elxsi Ltd. quoted a 52-week high of Rs 9082.90 and a 52-week low of Rs 6285.05.

«If this means that government has to cut down on government expenditure and that does not augur well for the infrastructure companies. If we look at post the COVID, both the corporate sector and the government have been reducing their debt,» says Manish Sonthalia, Emkay Investment Managers. We are perhaps ending the year on a bit of a sombre note because last couple of months have been all about correction. But do you see this correction protrude into 2025 or is it going to be a different picture? Manish Sonthalia: So, everything hinges on what happens in the budget and we are looking at the budget exactly one month's time. And, of course, the problems are well known. It is the slowdown in consumption. It is the slowdown in spending. So, these things need to be addressed. Otherwise, corporate earnings do not look like having more than a 10% to 12% growth.

Lupin Ltd. traded 1.38 per cent at Rs 2211.75 at 10:04AM (IST) on Friday, even as BSE benchmark Sensex 520.78 points to 78993.26. The scrip had closed at Rs 2181.60 in the previous session. The stock quoted a 52-week high price of Rs 2312.00 and 52-week low of Rs 1281.00, respectively. As per BSE data, total traded volume on the counter till 10:04AM (IST) stood at 6445 shares with a turnover of Rs 1.42 crore.

Rajeev Agarwal, Fund Manager & Managing Partner, Doordarshi India Fund, says the policy measures will drive to a very large extent what happens either on the upside or the downside. Markets may not tell the full story because there is a story about some stocks that have risen a lot in 2024 and maybe they will take a little bit of a backseat while some others that have been punished in 2024 may have a better opportunity as we go into 2025. It may be a lot more stock-specific rather than market-specific. But from an Indian stock perspective, the base case of around 13% annual return is quite reasonable. What exactly are you expecting in terms of the market dynamics – globally as well as back home? What’s in store for global markets next year, after they have been navigating through this election cycle, lots of unusual market dynamics as well? Rajeev Agarwal: For 2025, clearly the one big event is Trump taking over the reins as the US President. A lot of policy measures are expected to be introduced by Trump very quickly. Clearly, he has the people that he wanted and many of those will get confirmed. That is going to be the one big event which will drive a lot of the markets.

Avenue Supermarts Ltd. traded 1.29 per cent up at Rs 3555.60 at around 10:10AM (IST) on Friday. The stock had closed at Rs 3510.25 in the previous session. Equity benchmark Sensex traded 512.87 points at 78985.35 around the same time.