Indian markets' performance today stood flat with continued selling pressure and Trump's reciprocal tariff-induced investor fear. The Nifty 50 dipped a marginal 0.03% lower to end at 22,547.55 while the BSE Sensex edged 0.2% higher to close at 74,602.12. On the sectoral front, IT, metal, oil & gas, energy, capital goods, PSU Bank, realty shed 0.5-1 percent, while auto, Consumer Durables, FMCG, telecom rose 0.5 percent each.
Top Gainers
Tata Investment
loan market and its backing by Tata Sons, the primary shareholder." width="1280" height="720" /> Shares surged by 8% after the Tata Capital board approved an IPO, which is seen as a positive development for the company. This move opens up further opportunities for growth and expansion, benefiting from Tata Capital’s solid presence in the loan market and its backing by Tata Sons, the primary shareholder.
Zomato
Zomato’s stock rose by 1% after Bernstein maintained its 'outperform' rating with a target price of Rs 310 per share, indicating an upside of 39%. Despite the competitive landscape in the quick commerce sector, where Zomato, Swiggy, and Zepto are expanding aggressively, Bernstein believes Zomato’s position in the market remains strong for the long term.
Nestle India
The stock gained over 1% after managing director Suresh Narayanan revealed that the company might consider small price hikes to offset the rising costs of key commodities like coffee, cocoa, and edible oils. This decision comes in response to rising product costs and a slowdown in consumer spending in key urban areas, but the company’s actions are seen as a strategy to maintain profitability.
Mahindra and Mahindra
M&M shares rebounded with a 4% rise after a sharp decline the previous week, when it experienced its biggest single-day drop in nearly seven months. The initial selloff was driven by concerns about the potential impact of Tesla’s entry into the Indian market. The rebound indicates that investor sentiment has improved, and the stock is recovering from earlier losses driven by competitive fears in the auto sector.
Shriram Finance
Shares increased by 1% after Jefferies issued a 'Buy' recommendation with a target price of Rs 710 per share. Jefferies is optimistic about the company's prospects, particularly in the used passenger vehicle and non-auto segments, which should help Shriram Finance sustain a 17% CAGR in assets under management (AUM) from FY25 to FY27, offsetting challenges in the commercial vehicle market.
IREDA
The stock rallied 4% after securing shareholder approval to raise Rs 5,000 crore through a Qualified Institutional Placement (QIP). This funding will support the company's renewable energy projects, which have strong growth potential, and boost investor confidence in its long-term strategy.
Top Losers:
Nifty Metal
Hindalco, Nalco, and Vedanta experienced declines for the second consecutive session, with the Nifty Metal index dropping 1.2%. Rising concerns over global tariffs and weak third-quarter earnings for the sector contributed to the drop. The market is also dealing with heightened volatility due to the expiry of derivatives contracts and overall uncertainty in global markets.
SBI Card
Shares of SBI Card fell 1% to Rs 838 as the stock traded ex-dividend. While the stock has seen a 23% increase over the past three months, the ex-dividend status temporarily put downward pressure on its price. Analysts, however, remain optimistic, maintaining an "equal-weight" rating with a target price of Rs 685 per share, indicating a more conservative outlook for the near term.
NMDC
NMDC's stock fell nearly 2% in intraday trade on February 25, marking its second consecutive decline. Despite the recent weakness, analysts are optimistic about the company’s long-term growth potential, pointing to its strong positioning in the iron ore market and expectations for solid growth in the coming years.
HCL Tech
HCL Tech shares fell about a percent during early trade hours, in continued effect from the pressure observed on IT stocks due to concerns surrounding the US's slowing economy. Domestic IT firms that are reliant on services exports to the US bore the highest brunt of the losses.
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