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ITC is an Indian conglomerate with diverse business interests, spanning across Cigarettes, Branded Packaged Foods, Personal Care, hotels and Agri. ITC is well diversified players with Cigarette business being a cash cow which enables incubation of new high growth business. The recent quarterly earnings were in line expectations but inflationary pressure weighed on consumption and FMCG business. ITC also offers a decent dividend yield, which can help it outperform in the near term, given the macro headwinds and elevated market volatility. Moreover, post de-merger of the asset-heavy hotel business, the return profile of ITC is expected to improve substantially.
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Bulls dominated the market on March 27, the monthly F&O expiry session, propelling the Nifty 50 up by 105 points with above-average volumes. The index successfully held its 200-day EMA and maintained the bullish gap from March 24, signaling strength. As long as it stays above key moving averages, the overall trend is expected to remain positive. A sustained close above 23,400 could drive the index toward the 23,800–24,000 range. However, a decisive drop below 23,400 may shift momentum in favor of the bears, experts suggest. This morning global cues are tepid. BSE, HAL, BEL, Asian Paints, JSPL will be in focus today. Catch Nandita Khemka in conversation with Sudeep Shah—Head of Technical & Derivative Research, SBI Securities and Mayuresh Joshi, Head of Equity Research, William O’Neil India
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It is engaged in the business of providing Digital Trust Services and Enterprise Solutions to individuals and organisations operating across industries.
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Markets gain for fifth straight day. Nifty fares best this week in 4 yrs. Nifty, sensex rise 4% this week. Nifty above 23,350; sensex rises 550 pts
Nifty realty best performer this week. All sectors happy in green this week. Midcap, smallcap indices outperform. Nifty midcap, smallcap up 8% this week
Nifty 50 gainers: bpcl, ongc, coal india. Nifty 50 losers: hindalco, trent, indusind bankCatch Lovisha Darad in conversation with Yatin Mota as they discuss stocks on their radar.
#stockmarket #sharemarket #bse #nse
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Bulls continued their dominance for the fourth consecutive day, marking the longest winning streak in nearly two months. The Nifty surged to its highest level in over a month, crossing 23,150 on a weekly expiry day. Mid and small-cap stocks rallied for the fourth straight session, while all sectoral indices ended in the green. Market breadth remained strong, with 47 out of 50 Nifty stocks closing higher. This morning, global cues were largely subdued. US markets ended lower overnight, while Asia Pacific started the day on a mixed note. Among stocks, watch out for IT names, Bajaj Finance and Hindalco in today's trading session. Catch Lovisha Darad in conversation with Nilesh Jain, Head AVP- Derivative and Technical Research, Centrum Broking and Shrikant Chouhan, Head - Equity Research, Kotak Securities.
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Prudent is the second largest MF distributor after NJ India among the non-banks in terms of commission earned in FY24. If we consider the entire universe of MF distributors including banks, Prudent is the fourth largest. Being a mutual fund distributor, Prudent has benefitted from the robust growth seen in the MF industry.
Prudent draws over 80% of its revenue through distribution of mutual funds. Prudent’s revenues and net profit have grown by CAGR (compounded annual growth rate) of 29% and 46% respectively over the past 5 years (FY19-24). The net profit growth has been on the back of rise in AUM (asset under management) to Rs 106,271 crore as at end December’24. Along with healthy inflows, the growth in AUM was led by marked to market (M2M) gains as markets witnessed a strong broad-based rally.
Strong earnings visibility, asset light business model with recurring/annuity kind of revenue stream, high operating leverage and strong cash flows makes Prudent a unique proposition.
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U.S. stocks surged on March 19 after the Federal Reserve decided to keep interest rates unchanged, as expected. The central bank maintained the benchmark overnight interest rate at 4.25%-4.50% and projected that two quarter-point rate cuts were likely later this year, similar to its forecast from three months ago. The Fed also downgraded its outlook for economic growth while predicting higher inflation. Policymakers disagreed on how to address the economic effects of President Trump’s tariff policies, creating uncertainty. Additionally, the Fed plans to slow the pace of its balance sheet drawdown due to challenges in assessing market liquidity, particularly amid a U.S. congressional deadlock over raising the borrowing limit. Traders anticipate at least two rate cuts by December, with a 62.2% chance of a 25-basis point cut in June. The S&P 500, Nasdaq Composite, and Dow Jones all posted gains following the Fed’s announcement.
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Market smiles for third straight day. Nifty above 22,900; crosses 40-dma
Broader markets outperform benchmarks. Midcap, smallcap indices surge over 2%
Catch Lovisha Darad in conversation with Milan Vaishnav, Founder and Technical Analyst, ChartWizard FZE and Gemstone Equity Research as they discuss market movements.
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Cera Sanitaryware has an impeccable track record of over three decades, strong brand and dominant position, and extensive retail network. While the sanitaryware business remains the largest revenue contributor, the company has successful diversified into related businesses (Faucetware, Tiles, Wellness) to emerge as a complete bathroom solutions provider.
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Gensol Engineering’s stock has sank 80 percent from its all-time high, leaving investors wondering what went wrong. Once a market favorite, the company is now facing serious challenges, including credit rating downgrades from ICRA and CARE Ratings, allegations of falsified debt servicing documents, and concerns over high debt levels. What went wrong with Gensol? Zoya Springwala explores in this video.
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In a recent White House briefing, Press Secretary Karoline Leavitt addressed the state of the U.S. economy following a significant plunge in the stock market. Leavitt explained that the country is currently undergoing an "economic transition," emphasizing President Trump’s ongoing commitment to restoring American manufacturing and global dominance. With tariffs on steel and aluminum set to take effect tomorrow, Leavitt reiterated the administration's stance and its focus on revitalizing U.S. industry. Watch as the White House responds to tough questions about the economic outlook and the president's role in this volatile moment.
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Stay ahead with today’s top stock market updates! RBI has denied IREDA’s equity request for a Nepal project, while Gensol promoters sold 2.37% equity to reinvest in the business. Lupin launched Rivaroxaban tablets in the US, and Tata Power signed a ₹49,000 crore MoU for 7,000 MW renewable projects in Andhra Pradesh. Shilpa Medicare’s Raichur unit received a USFDA observation, and Shiv Nadar transferred 47% of his HCL Corp stake to Roshni Nadar Malhotra. Bodal Chemicals will benefit from new anti-dumping duties on imports from China and Japan. Stay tuned for more market insights!
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Maruti, with a market share of 40 percent, is a market leader in passenger vehicle segment in India. In the third quarter, Maruti recorded the highest-ever exports in any quarter, with exports increasing 38 percent on a YoY basis. Export market holds strong potential for growth. Maruti has made its debut in the growing Electric Vehicle segment with the launch of E-Vitara.
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Benchmark indices ended sharply lower on Friday, with the BSE Sensex plunging over 1,400 points and the Nifty50 dropping below 22,150, as broad-based selling took hold ahead of key GDP data and amid fresh concerns over U.S. President Donald Trump’s tariff remarks and a slowing U.S. economy.
By close, the Sensex had plunged 1,414 points, or 1.9 percent, to 73,192, while the Nifty shed 418 points, or 1.9 percent, to 22,126. On the NSE, the breadth of the market painted a starkly negative picture, with just 400 stocks advancing against a staggering 2,221 declining. The benchmarks closed lower for their fifth straight month—the longest losing streak in 29 years. A combination of concerns over slowing economic growth, fading earnings momentum, Trump’s trade policies, and relentless selling by foreign investors has dragged the benchmarks down 18 percent from their record highs in late September. Watch here to know more
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CAMS is technology-driven financial infrastructure and services provider to mutual funds and other financial institutions. MFs is the key segment for the company and accounts for more than 85% % of its revenues. CAMS market share as RTA (registrar and transfer agent) has increased from 61% in FY15 to 68% as at end December 24 in terms of average monthly AUM serviced by it. There are very less risks to its existing market share as it is challenging for its clients or new competition to replicate the physical network or the technology platforms. Moreover, switch to competition is rare as CAMS enjoys long-standing relationships with MFs. CAMS has entered into other business lines to diversify its revenue. Other businesses includes accounts aggregator, payments aggregator (CAMSPAY), servicing AIFs/PMS, loans against MF, central record keeping agency (CRA) for National Pension Scheme (NPS), insurance repository and e-KYC business.
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Let's catch up on the latest news from the stock market. From significant investments to major deals, appointments, and acquisitions, here’s a quick look at which stocks will be in focus in today's trade:
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HEG is amongst the largest producers of graphite electrodes which is essential consumable for the steel manufacturing through EAF (Electric Arc Furnace) plants. Globally, new plants are preferred to be EAF as it is environment friendly. HEG being the lowest cost producer is better placed to absorb the potential tariffs in the US and capitalize on the demand coming from new steel plants.
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Bharat Dynamics Ltd. (BDL), a key defense PSU in India, demonstrated strong revenue growth in Q3FY25 despite execution challenges due to global supply chain disruptions. The company is focusing on bolstering indigenous production capabilities and expanding its export portfolio, with a clear roadmap for growth driven by new defense contracts and strategic investments. Moreover with strong orders in hand the company is set to deliver good returns.
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Sensex and Nifty extended their losing streak to a fifth straight session, plunging to an eight-month low on February 24, as a global market sell-off rattled investor sentiment. Wall Street tumbled overnight on mounting concerns over softening consumer demand and the looming threat of fresh U.S. tariffs. U.S. consumer sentiment hit a 15-month low in February, with inflation expectations surging due to President Donald Trump’s proposed trade policies.
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Bharat Electronics Ltd. (BEL), a leading defence electronics company in India, continues to solidify its position with a strong order book, efficient execution, and improving margins. Recently included in the Nifty 50 index, BEL's stock has corrected from its peak of Rs 340 in July 2024 to Rs 279, offering reasonable valuation at 29x FY27 estimated earnings. With a focus on defence contracts, R&D investments, and margin expansion, BEL is poised for sustained growth.
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Kajaria Ceramics is the largest manufacturer in the country. The company has made consistent investments in manufacturing, branding, marketing, & supply chain to attain high brand recall and maintain the dominant position in the building industry.
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The travel and tourism sector has shown resilience, unaffected by the consumption slowdown. This strength is partly due to the change in consumer preference. We believe outbound travel demand will continue to remain strong, while travel agents will require access to a platform like TBO Tek to meet their customers' travel needs. Suppliers, on the other hand, need more efficient way to market their inventory. Hence, platforms like TBO Tek are well-positioned for continued success.
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Stocks to watch: Stay ahead of the market with the latest stock updates! From Tata Motors’ price hike to Biocon’s stake sale, Metropolis Healthcare’s acquisition, and Bharat Electronics’ new orders—discover today’s must-know trading insights. Don't miss out on these important stock movements!
