Markets witnessed the last round of selling on Tuesday to force Nifty back towards 22,600 after an initial attempt to cross all-time high. Despite volatility, the outlook for market remains robust and last round of selling is expected to get exhausted in a day or two as monthly candle has turned bullish.
Result Today – SBI, Asian Paints, BPCL
Nifty 50 Chart
Stocks to watch
Positive Read through
- L&T – EBIDTA grew 5.9 pct, core margin guidance for FY25 seen at 8.25 pct.
- TVS Motor – Q4 earnings beat estimates, margin above 11 pct for 3rd straight quarter.
- Bank Of Baroda – RBI lifts restriction on its mobile banking app ‘BoB World’.
- GSPL – Margin at 74.6 pct vs 68.4 pct, volumes rose to 33.37 mmscmd.
- SKF India – Margin at 17.73 pct vs 15.25 pct, EBIDTA up 28 pct YoY.
- Capri Global – Profit jumped 27.3 pct, NII grew 35.5 pct YoY.
- NBCC – Bags work orders worth Rs. 4 bn in Chhattisgarh & Kerala.
- RVNL – Bags order worth Rs. 1.67 bn from South Eastern Railway.
- TVS SCS – Bags new business deal for Eicher’s bus facility in Baggad.
- Kalpataru Proj – EBIDTA up 36.1 pct, margin at 7.6 pct vs 6.8 pct YoY.
- HG Infra – EBIDTA grew 12.1 pct, revenue rose 11.3 pct YoY.
- Vijaya Diagnostic – Profit up 21.7 pct, sales rise 28.3 pct YoY.
- India Shelter Fin – NII up 58.1 pct, GNPA at 0.97 pct vs 1.2 pct QoQ.
- Kirloskar Oil – EBIDTA up 59.4 pct, margin at 18.2 pct vs 13.7 pct YoY.
- Godrej Agrovet – EBIDTA up by 98.1 pct, margin at 6.9 pct vs 3.6 pct YoY.
- Infosys – In pact with Yunex traffic for digital transformation.
Negative Read through
- Muthoot/Manappuram – RBI sends advisory to NBFCs on loan cash disbursal.
- Tata Power – margin at 14.7 pct vs 15.4 pct, RE portfolio capacity at 10 GW.
- Piramal Ent – NIM down 100 bps YoY, AUM declines 2.8 pct QoQ.
- Home First Fin – Nim falls to 5.40 pct vs 6.10 pct, AUM rises 34.7 pct YoY.
- Bajaj Cons – EBIDTA down 16.8 pct, margin at 14.5 pct vs 16.7 pct YoY.
- Esaf SFB – GNPA ratio at 4.76 pct vs 4.16 pct, profit slips 61.34 pct QoQ.
- Sula – Margin declines 310 bps, profit down 4 pct YoY.
- BSE Ltd – Margin contracts 507 bps, operating expenses up 40.3 pct QoQ.
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