Stock Market Analysis 23 Jan 25 - Sensex, Nifty, and Beyond: A Deep Dive into Recent Stock Market Trends and Economic Factors
Stock Market Analysis 23 Jan 25
Today Evening, Sensex gained 115 points to close at 76520 while Nifty gained 50 points to close at
23205 where Yes Bank Nifty fell 135
points to close at 48589. The market has been falling in one direction in
recent times, especially today. In terms of folio stocks, however, it gave a
strong bounce. Today, strong gains were seen in both mid-caps and small-caps,
and while Nifty and Sensex kept the index in the positive, IT and Pharma gained
1.8% and 1.4%, overall, the results in the rest of the indices were also good,
with some results particularly in IT.there are some companies in the space,
mid-cap IT stocks, that we should talk about today. Don't miss them. Take a look at how it is and
the more important data points related to the market. Before we talk about it,
I know that many of us entered the market after the virus fall and then saw the
market rising and were worried about the recent fall. I will now just give you
a few seconds. I am putting one in front of you on the screen. If possible,
understand it carefully. Just look at the screen.I am playing. First, the
screen shows you the loss of 700 to 790 points. The Nifty is falling by 9%, the
2000 point is falling. The bank Nifty and 2700 points have fallen by 9%. It
seems to be happening in Sensex, with a fall of 99%, the market opens with a
loss of 800 points, Nifty and Bank Nifty open down 2000 points, Sensex is down
2700 points, the good thing is that the circuit is not there, this is the
biggest one. What is the matter? The
market opened and the circuit did not open, but ONGC fell 15%, BPCL fell 14%,
IOC fell 10%, Axis Bank fell 10%, if we had given our Friday short, Axis Bank
would have opened 10%, Axis Bank would have opened directly 10%, Bajaj Finance
would have opened 10% My God Bajaj
Finserv is down 10%, Kotak Bank is down 10%, all stocks are down 10%, remember
that every stock is down 10%, so have you seen that at that point, exactly at
that point, it would be better if you were there. If you want to invest money in
the market, how do you feel when you look at the market today? Is the Nifty
near 7000? Here, the Nifty is near 23000. If you had invested then, wouldn't
you have gotten a good return now? What do you think is the following in recent
times? What you see on TV channels is that if someone plays it for you after
another five or six years, what if Nifty was around 23000 then? Why were we
afraid then? Now it is here. If you had invested then, you would have made
money. This same opinion will be created for you in the future as well, meaning
that the market will double or triple from here. I don't want to say that every
fall in the past is an opportunity when viewed from the present, but every fall
in the future keeps us wondering why we entered the market. I saw in
yesterday's blog and the previous blog that you were saying that in the coming
times, we are losing money by betting that it will increase in the long term.
The market is a market trap. I'm saying it's a gamble again, isn't it? The more
you hate the market, the more you look at it negatively, the more you damage
your health. The main reason I say it all the time is that the market will be
good for you in the coming times. The main reason I say it all the time is that
it happens somehow, but to say it repeatedly. You don't want to disturb your
health. How do you get money? If you are in the market, don't disturb your
health.
Let's start the market update with this update from Donald Trump. Donald Trump is giving a mini warning to Russia. I like the Russian people even though they are not in the market. I have a very good relationship with President Putin, but this current war is not good. Stop it immediately. Otherwise, various sanctions and tariffs will be imposed on Russia. The economy is already worse in relation to Russia, which means it is very bad. Don't beat it up even more. If you make me angry, Trump is indirectly trying to scare Russia by imposing large amounts of taxes. This Russia is currently engaged in a war in Ukraine, and if he is trying to stop it, it will be clear. But even in these statements, it is the Russians who fought us in World War II. They helped us. We have very good support from Russia. But I don't want that war to continue. Not a single life should be lost. Make a deal. This is the last. These statements made by Donald Trump are building expectations that the Russia-Ukraine crisis will end in the coming times. Here, if the Russians do not take that side, then obviously they will take their own action and impose sanctions and tariffs related to Russia. So, it remains to be seen how the Russians will respond to this, even if the Ukraine crisis ends in terms of global markets and global geopolitical tension. We can see that as good
coming to macroeconomic
data points again dollar index near 10835 bond hills again inch where were they
in the last blog 4.58 where are they now 4.65 again these are again the markets
are growing and creating some uncertainty related to the US markets. However,
the US markets are in turmoil because in recent times, since Trump came to power,
he has made repeated statements that he will make America strong and make
America an unstoppable force. The updates coming in terms of investments and
investments are keeping the US markets stable, which is why the dollar index
Bond deals are also uncertain because of the fears that the Fed will completely
abandon the scope for interest rate cuts with rising inflation. This is also
the main reason for the increase in bond yields.
FSI Update :-
As of now, our Indian rupee is somewhat stable, losing around 86.43. One day last five days it is within the range bound and there is no week for us which means our currency is stable and FIS selling is not updated yet but in recent times Their selling has been going in a one-directional direction, and this month alone they have sold close to 60859 crores. And another interesting thing is that in the last 24 years, the market has never closed in the negative for four consecutive months. If you look, Nifty fell close to 6.2% in October and November. In 03% fell close to December fell 2% Where as in January almost now a 1.5% fall This year but if in negative but January month Nifty the end but the market has fallen for the last four months like never in the last 24 years Even in the virus time four months Besides, the market is not in negative. You can see on the screen here that it happened around September 20-21. The market was in negative for four months. But now, if the market ends in negative this month, it will be repeated. The history that happened 24 years back is now repeating in the market. Let's assume that it will mostly not happen, but the selling of FIIs is one- directional, not only in cash equities but also in futures and options. They are expecting a market-related fall. May be all the data points will probably change after this budget, this February first. Because in the past, when the budget was coming, we probably had more elections, so at that point the government did not focus much on capex, and the uncertainty related to the elections may have reduced the capex, but this time the government is facing some heat in terms of economy, GDP, and all of these, so the markets are supporting it. If there is some capex to boost the economy as it is being done, then the outflows of FIS that are currently going on will probably slow down and come back. This budget will provide us with the scope, so it is important to observe whether the inflows of FIS after the budget are good or whether the outflows are decreasing or not. Because if the budget itself cannot stop them, then if the trend of FIS continues after the budget, then probably the US markets will grow even stronger. Global markets Is there a good opportunity in the US? If they are taking funds, we need to understand. The final conclusion will end at that point. But let's see. The budget should reduce their outflows and bring inflows again.
And
the Fed meeting is in 2029. There is no need to have big expectations. If there
is no interest rate cut, then it will be great. Positive and tomorrow we will
probably have a Japan-related announcement, probably a rate hike-related
announcement. Today's meeting has started, so let's see how global markets will
react if they announce a rate hike tomorrow. How should we look at the market
going forward? In recent times, whatever base formed after the market fall,
whether it is above 20 to 450, the market will not close and will go up
strongly. I don't think that in the short term, but in the long term, the
market will definitely rise. We should not damage our health because history
has proven many times that the market will rise again after falling. But once
our health is damaged, we should not expect it to get better again with stress.
So, the things that impact our health too much are not the market fall now, but
in the next coming times. Even if the market falls, don't worry,
FID Data & Budget 2025 Update :-
just now the FID data has also been updated and today too, 5462 crores, almost
66000 crores, have been sold in this month by FID, so after October 2024 I know
this will be a record month, if the budget is going ahead correctly, I hope the
budget will change this somehow. They have to sell within the budget, it seems
like they are doing the majority of the selling. Let's see. I am waiting for
the budget as an Eager. Even after that budget, they will be related. Will there be stability in the market this
time? In terms of our economy, in terms of spending, in terms of capex and
stock market tax, without touching it negatively, if possible, talk positively
and at least give some relief. I know that there is no solution for this. FIS
will go and come back. About them We don't need to think about how the budget
is going to be negative for the stock markets, but they will probably continue
on the path they need to go. We will find the answer in the budget itself.
Let's hope it's positive and friends, don't fall into the trap of the market
rising in the thumbnail. I keep posting,
right? Sometimes people think that they are posting something in the thumbnail.
The market has increased, but FIS is selling heavily. So, this is not something
we should look at positively. Don't think that it has increased today and that
it will increase again, because it means that it is okay to think negatively.
FIS has increased. The thing about thinking that the market might go down
further is that if it goes down tomorrow, you won't be as stressed because the
FIS selling hasn't cleared yet. So it's easy to have positive expectations.
It's easy to think that it will go up tomorrow, but every time that doesn't
happen, we get negativity. The market is increasing, not only that, but the
data is interconnecting the data points, so the market is like this. If the
data improves in the coming times, there is a clear hope that the market will
increase again. Remember, don't set unrealistic expectations. Expectations
always hurt data. Let's go by the data, it is the data that moves the market
for us, so even today, the FIS sell side of the market has increased, but I
don't see it as too positive for the market.
NSC Update :-
NSC is removing two stocks related to FNO after the market closed yesterday. They are updating them so that those stocks will no longer be in FNO. These are JK Cement Limited and LTS L&T Technology Services Limited. The contracts that are still present are being updated so that they are not in the fno after the January, February, March contracts.
TRAI Update(Telecom Regulatory Authority of India) :-
Friends, if you are using Airtel and Jio, you should listen to this carefully because the plan prices that you had from here until sometimes ago have now increased without any announcement. The main reason is that some time back, TRAI asked telecom companies what they were doing. TRAI stands for Telecom Regulatory Authority of India. Like RBI for banks, TRAI is the regulator for telecom. Similarly, TRAI asked telecom companies what they were doing. In many areas, there is no internet service at all. There are many people who do not use the internet and cannot read. They do not use the internet. You are bundling the internet in the plans and selling the plans. Many people do not have that requirement. So, if they tell these telecom companies to remove the internet and bring plans at a lower price, what will these telecom companies do? See what they did. Here I am showing you the new plans related to Airtel on the screen. In the past, the plans that came with data were roughly priced and the data was removed by putting a price tag here and there. Previously, they used to charge the data right where it came from, but now if you want data, you have to pay more than what you paid in the past. Here you will see on the screen how much more you have to pay related to Airtel. Here you can also see which plan is available without data and which plan is available with data. And Jio Even before that, in the data plan, they removed the present data and increased it by ₹60 if you want data as well. In the 365 days plan, if you want data as well, you have to pay ₹350 more. Jio also slowly and smoothly increased their plan prices and Airtel also increased the 365 days plan that they were giving in 1999. They have also removed the data that was being given in the days and now, if you want it, you have to pay additional money and introduce the 2249 plan. Why are they giving unnecessary data? If TRAI expects that they will remove the data and reduce the plan prices, then we are giving unnecessary data. The data is okay. We are removing the fact that if you want data for the base, you have to pay extra. However, Airtel and Jio have slowly increased the plan prices for subscribers. Let's see how the subscribers respond to this. Will subscribers consider leaving their networks and switching to BSNL, even if it's a different network, or will they continue? What is your opinion so far? It's really usual. They announce that they are going to increase the tariffs, they have increased them this much, but they are announcing new plans. They are trying to take away the data that was in the old plans and charge additional money for the new plans but at a higher price. Tell us your opinion on this in the comment section and even this is being released like this. We can see from the second point here that the TRAI will also examine the new plans. It is likely that the TRAI will make any comments related to this. The TRAI is a regulatory body, they cannot say, you have to take this. Don't take this because the ultimate pricing power lies with the company. If they do something wrong, they will take action, but the pricing decision rests with Airtel and Jio. If their subscribers are leaving, they will reduce the prices. If they stay the same and the price stays the same, they will increase the prices. They move forward in a market-driven mechanism. But like this the plans brought will go to TRAI within seven days and TRAI will also consider those plans.
IREDA Ltd.(Indian Renewable Energy Dev Agency Ltd.) :-
We can understand from this second point that we should talk about the next IREDA. They are going to raise money close to 5000 crores through QIP. They are updating it, that is, they will create new stocks and raise 5000 crores. So, their current net worth is almost 9850 crores with price to book around 5.2 to 5.3 after this. After the fund raise, their current net worth will increase by around 5000 crores, so their net worth will increase by around 14800 crores and the price to book will now be drastically impacted, it will be around 3.5 times. So, after this fund raise, the valuations related to IREDA are going to decrease drastically and they will invest this money in the renewable space. We see this as a company that grows by giving funding to different people, so we can see it as a proxy for the renewable space for future growth.
WAAREE Energies and Premier Energies :-
I am putting an important article in front of your screen related to renewable energy, particularly WAAREE Energies and Premier Energies. Recently, Trump One of the important decisions he took after taking his oath was to stop halting IRA. What is IRA? The Inflation Reduction Act is a fund that incentivizes those who manufacture solar-related modules or cells, and even renewable power projects. So, these incentives will be available for all projects that are done in the USA until 2032. So the IRA, this Inflation Reduction Act Fund, has played a strong role in funding green infrastructure, with almost $300 billion in funding, but within 90 days of Trump taking office, what funding is there? How can we reduce this? America's natural resources. He kept saying, "Give me a report on how we can grow by reducing funding related to these while we are unlisted." He didn't completely halt it. "Give me a report within 90 days." Trump keeps saying that he will decide what to do next based on the situation. If funding is completely cut off after 90 days, then WAAREE Energies will be the company that will be particularly impacted. Later, Premier Energies will also be impacted. If it is impacted, the stock price could go up to 2000. In the worst case, WAAREE Energies will be hit by 2000. There may be an impact on the stock price, but in the base case, even if there is that impact, after the reaction is too much, there will be an attempt to stabilize again. If the impact is not so strong, but there is a little impact, rather than a big complete impact, if there is a little impact, the base price may be close to 2550. Yes, Premier Energies is only 580 in the worst case and 770 in the base case, Kotak is saying, but we will have to see how this will play out in the coming days. Since they asked for a report related to this energy policy within 90 days, Trump may take any decision after 90 days, but most of the impact will actually be on their energy because India is the largest solar exporter to their energy, which means that almost ₹100 is coming to them. If we think about revenue, 57% of it comes from US exports, whereas Premier Energies will only be impacted by almost 14% of its revenue. But even in that case, we have already discussed how much the stock price can reach in the worst and base case. This is the report that Kotak is estimating. The final decision has not been made yet, but there will be fears in the market. The market will never like a question mark. What will happen after 90 days? The market will probably not like Trump. Even after being elected, these stocks have fallen. We are seeing two cases here. The market has already panicked and the stock has fallen. If that really happens, it will take some more time. No doubt, but there is already fear. So what will happen with such a decision? How will they export in India and other countries? Related to this the market study will give it an appropriate fair value and with the updates that are coming, there is a possibility that it will move up just as strongly and well. Therefore, we cannot come to a conclusion, particularly in these companies that are in this space, without making a final decision. So, 90 days to three months is the time. If the conclusion comes within this period, it is good, otherwise the conclusion related to this will come within 90 days. Shareholders should remember that.
WAAREE Renewable Technologies Ltd. :-
They should talk about their energies. From here, there may be exports to other countries, particularly exports to the US, due to any tax. If it is being impacted, then probably to avoid impacting their business, they have been trying to establish their module facilities directly in the US, in the state of Texas, for a long time. As part of this, they are informing that their company subsidiary, the Solar Module Unit, has a capacity of 16 GW. The unit has started commercial production in Texas, USA, and the energy companies are updating the exchanges. Since the production is in the US, it is not exports but production taking place in their own country. Therefore, their US-related numbers will probably not be impacted. Even when they come to the IPO, their business is still in the main. The market has also seen a very high value in terms of exports, so it is likely that Trump will impose tariffs like this, which may have an impact on some companies. But in the US too, they are slowly increasing their business and setting up their related supplies, and they are taking steps in the right direction.
SEBI Update :-
SEBI is of the opinion that it wants to implement ₹250 small ticket SIPs in the coming times. If anyone wants to comment related to this, please do so. If everything is correct, then there is a consultation to implement small ticket systematic investment plans with ₹250 in the coming times. In the consultation paper I released on January 22nd after the market closed, SEBI is saying, "But do you have a question? Why can't you put ₹250 and ₹50 even with ₹10?" You must be wondering; can you do SIP even with ₹5? Why do they keep saying ₹500 or ₹1000? Even if the minimum SIP is 10 or 5, it is okay to do SIP with ₹5. For those who invest in small amounts, it would be enough to give fractions of units to those who invest in SIP. The main problem with this is that the transactional costs are high, the gateway fees are high, the RTA processing fees are high, like almost ₹2 per transaction, the RTI charges, the registered and transfer agents charge, the RTS charges, and the over-expense ratios are always there, so the transactional costs are still high. If we can reduce it and then take such measures, then it will be a great advantage for the people. Probably in the coming times, those decisions will also be taken by the regulators. The RTA and the Registrar and Transfer Agents also thought that they would take less of these small transactions that they did not expect, then it will be value added, otherwise every time we pay ₹100, if not ₹50, if not ₹200, it will be ₹2 per transaction, at least, at one place, at another, at another place. If a significant amount is lost in multiple transactions, then automatically all the funds increase the total expense ratio and they impact us, so there is also a need to focus significantly on transaction costs.
Ola and Uber Update :-
The next Union Minister, Prahlad Joshi, was the only one in the iPhones in the past. Are you showing us the same rates as Ola Uber on Android? The Department of Consumer Affairs has given notice to Ola Uber. Why are you showing the prices one by one? Consumer efforts are also taking into account what is being said on social media that people who book on Android are being shown a lower price and those who book on iPhone are being shown a higher price. The union minister is also updating them. Friends, can you tell me another logic here? Android and iOS are not the only logic. How much is your battery? Battery But if it is very low, they have the opportunity to show a very high price because those who have low battery will book the cab quickly because they don't have time yet, so those who have full battery will wait. This is not only ola uber, but also other quick commerce and other It is the same on platforms too, so this time whenever you want to place an order, keep your mobile in a good charging state as much as possible before booking.
CLSA Pharma Companies Update :-
CLSA has released a note related to all these, including entire pharma, hospital diagnostic, and all they say is that we Companies that are domestically based will be given higher priority than companies that are getting more business from India. OPF stands for Out Perform, UPF stands for Under Perform, Out Perform means very positive, and Under Perform means not performing much. HLD says That is, all those who say "hold okay, continue like that" and "OPF", they are also expecting growth from here. If you look at which ones are there, Dr. Lal Path Labs, Apollo Hospitals, Max Healthcare, Zydus Life Sciences and About India, these are the companies that they expect to grow strongly, which they have given to them in the past. You can see the targets being given next to the old targets and the new targets being given next to the new ones. In the analysis they are doing, in what space the entire pharma hospital diagnostic is, CLSA has come to a view that these companies will grow further. The entire Indian pharma market is The Indian pharma market is expected to grow by 8 to 9% by 2025, better than the US market. Dr. Reddy said that the Indian pharma market will grow. There will be competition for key drugs related to Zydus and Cipla, and there will be scope for their margins to decrease. Therefore, they have domestic market exposure, particularly in the hospital space. We have already talked about concentrating on diagnostic companies due to the value of the company. Apollo Hospitals, Max Healthcare, Dr. Lal Path are looking at these as attractive and are taking higher targets related to them. CLSA is mentioning in their report that the
Mazagon Dock Shipbuilders Ltd. :-
submarine deal is around 70,000 crores. The Ministry of Defense rejected the deal won by NT due to non-compliance with the deal. I am showing you the data that L&T is disqualifying while it is being cancelled and parallel financial platforms are reporting it. The information coming from the sources is not official but what they are saying is that this entire 70 thousand crore deal which was cancelled by L&T is a consortium of Mezan Dog Shipbuilders and ThyssenKrupp. Data is being published on financial platforms that a total of 70 thousand crores will go to this joint venture, but it remains to be seen what kind of official statements will be made. This will be good for the Mezzanine Dock Shipbuilders, which is listed on the overall market, if this entire 70 thousand crore deal goes to them.
Adani Wilmar Ltd. :-
is going to start an integrated food plant in Haryana at a cost of almost 1298 crores, the first of which is the plant will dispatch around 100 tonnes of rice and around 450,000 metric tonnes of edible oil segment and around 2,000 metric tonnes of oil by-products, and will also meet its sustainable energy requirements through biomass fuel, 5.6 MW solar and 3.2 GW cogeneration turbines. They are making updates while meeting that they are going to start this integrated food plant in Haryana and they are also saying that employment will be created through this, nearly 2000 jobs
Maruti Suzuki India Ltd. :-
is likely to increase the prices of their related vehicles from 1500 to 32500 from February 1st. I have zoomed in on the screen to see how much the prices are going to increase. Take a look at the Celerio. It will increase up to 32000 and even on Invicto Brezza and other cars, how much will the price increase be on the ex-showroom price? You can see it on the screen.
Laurus Labs Ltd. :-
we should talk about Lores Labs, who’s wholly owned subsidiary Lores Generics is located in New Jersey.Related to this, the US FDA said on 13 January They said that they had inspected from 2011 to 21 January, and that one observation came up in that inspection, and that Form 483 was given to them, and that observation was resolved within the time. Laureus Labs is updating them. Overall, there are no serious observations. The stock rose by close to 3% today.
Pirumal Pharma Ltd. :-
we need to talk about Pirumal Pharma. They say they have launched Chlorpromazine Hydrochloride Injection in the US for schizophrenia and bipolar disorder. The drug used for disorders like behavioral problems, the drug they use, with the launch of this drug, their injectables portfolio will be strong. From now on, some time back, one IV infusion and doxycycline, this is an antibiotic, its related injection will also be available in 2024. They have just launched Chlorpromazine Hydrochloride, a drug used for schizophrenia and bipolar disorders related to behavioral problems. They are also launching injections in the US market. The stock did not increase much today, but we should look at the company from a positive perspective.
ITI Ltd. :-
Talk about Next ITI Limited. They are worth 167 crores. The orders placed by Maharashtra's ASSK(Apple Sarkar Seva Kendra)are being updated as if they have been received from the central government.
Strides Pharma Science Ltd. :-
Today, the exchanges are sharing an important piece of information. It is that on January 24, there is a business called One Source related to Straits Pharma on the NSE and BSE. Their CDMO business is going to list this business. Whoever owns one share in Straits Pharma will be given two shares in this One Source. Since the announcement was made earlier, it will be listed on the market on January 24, and Straits Pharma is updating it. With an opinion that the value will be unlocked as the CDMO business related to this listing, the stock has risen by over 8% today.
Coforge Ltd. :-
Friends, if you look at the mid-cap IT stocks today, Coforge has risen by over 11%. And persistent also increased by more than 10%. The main reason for this is their numbers. Why am I covering this in the news topic? I want to give you an idea of what kind of growth these two related large caps have compared to each other. Listen carefully to what I have to say. Let's look at Coforge first. Extraordinary numbers. They have delivered extraordinary numbers even more than Persistent. Strong set of numbers. Whether you look at the margins you see in revenues, whether you look at profitability, whether you look at even order wins, along with strong numbers, guidance is also not next year. They are also able to give guidance that we will be strong next year as well. I know Co-Forge numbers. We should see it as one of the strong numbers in the entire mid-cap space. You look at large-cap IT companies. TCS's revenue growth will be flat, there will be no big growth. Wipro reports 0.1% revenue growth, while Coforch is close to 8.4% What has brought IT companies 8.4% growth quarter on quarter in recent times? The outstanding numbers in the quarter are Coforce the Well
Persistence Systems.:-
Their numbers are also very solid. Revenue growth is looking like we have grown by 4.6% quarter-on-quarter, reaching the $2 billion mark for FY27 and $ 5 billion for FY31. Persistence Systems is making strong commentary that we will grow to the billiondollar mark in six years down the line, and don't think this is happening in just one quarter. I think it's grown 180% in the last three years, 50% in the last one year, and even after all this growth, this the numbers have increased further, which means that the strong guidance they are giving in the next coming times, the strong guidance they are giving for FI 31, is the main reason for these stocks to grow so much. The reason is, what about the valuation? Almost 35 to 40 times the entire IT space, as far as I know, these poison persistence systems are being traded at an expensive price of FI27, not FI25, not FI26, but FI27. These are expensive in the market for price to earnings estimates. Management has rewarded investors with their numbers and further guidance that is in line with that.
Ciginiti Technologies Ltd. :-
Not only has the company forged and persisted systems, but they have also maintained a strong set of revenues, margins, profitability, deal wins, and guidance in the coming times. Ciginity Technologies also has strong set of numbers guidance indicating strong growth in the business. I think the entire IT midcap space is showing a bright light today
Zensar Technologies Ltd. :-
The final company in this smallcap IT and midcap IT space is Sensor Tech. The
numbers are not that solid, but the stock is up over 12% today. Constantly
improving revenues and continuing the same improvement, even if it is flat, may
be taking it too positively by the markets, but the overall numbers are not
that solid. Revenues are growing by 14% quarter-on-quarter. Margins are nearly
flat. Profits It grew by 2.6% and declared a dividend of ₹2. I didn't see much
strength in the numbers. So, we can't assume that we are strong for every
increase. For me, Coforge's numbers are solid and then persistent. After this,
the final increase today is May B maintaining the same growth.
The management
commentary is somewhat interesting. The Q3 numbers that came this time are the
best. They say that they will maintain this revenue growth with strong orders
in the coming times. Attrition is the lowest while keeping our margins stable.
They believe that the new government, which is related to the US, will give
them better opportunities in the coming times.
Probably, if the stock has risen strongly today with this management
talk, it will be seen that we should talk about the
UltraTech Cement Ltd. :-
If you look at their numbers and sequential basis, a strong recovery will be clear to you in terms of revenues, margins and profitability. It appears that the quarter-on- quarter is solid, while the year-on-year is somewhat mixed, with overall revenue being steady and input costs being particular. Overall, Ultra Tech's numbers are better than market expectations, with energy-related costs falling and margins improving, and it's been able to deliver strong guidance, which is why the stock is up over 7% today.
Pidilite Industries Ltd. :-
coming to Pidilite numbers, which don't look like they've grown that much solidly
in recent times. In the consumer demand
space, we see data that says everything is weak, but at a time when they are
delivering flat growth, at least when it is on the positive side, the stock is
growing well. If these numbers come when it is at an expansive valuation, then
how can this be? But everything is weak in the consumption space. At a time
when I was afraid of posting, this is a little better, but the numbers are a little
above expectation, whether in revenues or margins or profitability. The market
is holding it with both hands today, almost 8% more than the stock has risen
once today.
E2E Networks Ltd. :-
This is the valuation at which it is being traded. The number posted today is not linked to the stock right now, probably in the coming times. Some time period They are likely to be under pressure because their revenues grew strongly year-on-year but fell by close to 13% compared to the numbers in the last quarter. Profits are also down by 4.3% quarter-on-quarter and margins were also down by 66% in the last quarter. If it is close to 59%, this time it is coming to 59.1%, so the present valuation does not justify these numbers for the market, so it is likely that there will be pressure in the coming times as well, so hurry up and buy it, it is in the lower circuit recently. Those who are thinking of buying Times after it fell by 35% should wait a while, wait until it stabilizes a bit because there is a lot of buzz related to this, isn't there? This space is related to machine learning, artificial intelligence, and even LNT has bought a stake in it. All this is being updated. The stock that has been stuck in the bus but is clearly showing a decline in sales, margins and profitability in the quarter-on-quarter comparison, we should remember that there is a possibility of pressure for some time period and I am also putting their shareholding pattern data in front of you on the screen.
Next Nifty as well as Bank Nifty support and resistance
present today's resistance is 23217, so keep an eye on it further. If we go further up from here, we will see 23380 above. 23450 from here below 23130 that below 23040 and coming to Bank Nifty is going upside from present levels while 48840 is coming below 48470 that below 48190.
Stay safe, stay informed, and invest wisely!
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