Markets for the week succumbed to selling pressure with Nifty 50 declining around 2% on concerns that ruling party is unlikely to get convincing majority to cross 272 mark. With US markets still showing signs of strength and brent crude prices trading firmly below USD 84 a bbl, we expect this to act as a positive to Indian markets. In fact, Nifty 50 has managed to hold weekly support line which would lead to another round of rebound with potential upside towards to 23,500 in line with liquidity available in global markets. At current levels, the ideal strategy should be to add long positions with higher focus on financials.
Result Today – Zomato, UPL
Nifty 50 Chart
Stocks to watch
Positive Read through
- Va Tech Wabag – Won order worth of USD 49 mn from Kathmandu Upatyaka Khanepani.
- Eicher – Healthy operational performance, margin at multi-quarter high.
- ABB India – Posted strong Q1, margin up 480 bps YoY, order inflows grew 15 pct YoY.
- Biocon – Signs distribution agreement generic Saxenda in Mexico with Medix.
- Lupin – US court lifts restraining order on Mirabegron er tablets.
- Kalyan Jewellers – Topline growth continues, margin lower due to expansion.
- Thermax – Sales rose 20 pct, margin up more than 100 bps YoY.
- Piramal Pharma – Posted Healthy Q4, sales jumped 18 pct, margin up 460 bps YoY.
- Jupiter Life – Sales up 20 pct, occupancy up 130 bps YoY.
- BEML – Margin rises 380 bps YoY, orderbook at Rs. 119 bn.
- Yatharth – Acquires 100 pct in Pristine Infracon for an EV of Rs. 1.16 bn.
- Zydus Life – Gets final approval for Dexanethasone Tablets, market size at USD 1.8 mn.
- Ami Organics – Sales grew 21 pct, EBIDTA grew nearly 6 pct YoY.
- VIP Ind – Records double digit growth for the 1st time in 3 Quarters.
- Maruti Suzuki – Expects over 30 pct jump in CNG vehicle sales at 0.6 mn units in FY26.
- Power Grid – Wins bid for 2 Inter-state transmission systems in Rajasthan.
Negative Read through
- Tata Motors – Earnings mixed, commentary cautious, FY25 JLR margin seen flat.
- JK Cement – Margin contracts more than estimates, realisation down 4 pct QoQ.
- Aarti Ind – Mixed Q4 earnings, margin higher while sales missed estimates.
- Dilip Buildcon – Reported healthy earnings, guidance is muted.
- Union Bank – Operating profits decline YoY & QoQ, NII up 14 pct YoY.
- APL Apollo – Posted weak Q4, EBIDTA/tonne lowest since Q2FY23.
- TCI Express – Sales down 3 pct, margin fell 240 bps YoY.
- Neuland Labs – Sales down 5 pct, margin slips 120 bps YoY.
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