Markets witnessed wide volatility on the expiry day yesterday with Nifty witnessing wild swings but closed along the flat line. On the sectoral front, Nifty IT, Nifty FMCG index, Oil & Gas, Pharma index outperformed. While Banks, Metal, Realty underperformed.
For Nifty, the crucial trading range is seen between 24,000-25,300 in the coming days, with only positive coming from India VIX which has seen sharp drop below 12 mark signifying aggressive put writing in the system. Overall view for markets remains positive as long Nifty is able to hold psychological mark of 24,000. Results Today – Power Grid, Amber Ent, Interglobe Aviation.
Results Today – Power Grid, Amber Ent, Interglobe Aviation
Nifty 50 Chart
Stocks to watch
Positive Read through
- Tech Mah – Posted Q1 largely in-line with estimates, EBIT margin expanded 110 bps QoQ Banks – RBI proposes 5 pct higher liquidity buffer for retail deposits with digital access.
- Hero Moto – Tax demand of Rs. 23.371 bn for AY2011-12 quashed Mphasis – Q1 CC sales fell 0.1 pct, EBIT margin at 11 pct vs 8.4 pct QoQ.
- Sun Pharma – Gets US FDA nod for its Alopecia drug Aavas Fin – Asset quality deteriorates, NIM at 7.3 pct vs 7.9 pct QoQ.
- MGL – Reported Q1 above estimates, margin at 26.3 pct vs 25.2 pct QoQ Sobha – Godrej group to sell 5 pct via block, floor price Rs. 1,862.4/share, as per reports.
- UBS – miss on sales in Q1, margin beat, premium volume growth remains strong Cyient – Consolidated sales tumbled 10.3 pct QoQ, FY25 DET sales growth to remain flat.
- AU SFB – Q1 above estimates, NIM at 6 pct vs 5.1 pct QoQ Glenmark Life – EBITDA fell 17.5 pct, margin at 27.1 pct vs 33.4 pct YoY.
- Mankind Pharma – To acquire BSV for Rs. 136,300 mn VST Ind – EBITDA fell 30.5 pct, Bonus issue of 10 shares for every 1 held.
- SJVN – Gets Lol for project worth Rs. 139.48 bn from Mizoram government.
- Go Digit – Net earned premium grew 24 pct, underwriting loss up 2 pct YoY.
- DLF – Bookings jumped 214 pct, operating cash flow rose 133 pct YoY.
- Texmaco Rail – Acquires Jindal Rail Infra for Rs. 6.15 bn.
- BL Kashyap – Bags news orders worth Rs. 1.6 bn.
- Jupiter Wagons – EBITDA increased by 41 pct, margin at 15.5 pct vs 12.9 pct YoY.
- Motilal Oswal – Sales grew 54 pct, net profit rose 67.9 pct YoY.
- Praj Ind – EBITDA grew 21.8 pct, margin at 13.1 pct vs 10.2 pct YoY.
- Chalet Hotels – EBITDA rose 28.7 pct, margin at 38.9 pct vs 35.2 pct YoY.
Negative Read through
- Banks – RBI proposes 5 pct higher liquidity buffer for retail deposits with digital access.
- Mphasis – Q1 CC sales fell 0.1 pct, EBIT margin at 11 pct vs 8.4 pct QoQ.
- Aavas Fin – Asset quality deteriorates, NIM at 7.3 pct vs 7.9 pct QoQ.
- Sobha – Godrej group to sell 5 pct via block, floor price Rs. 1,862.4/share, as per reports.
- Cyient – Consolidated sales tumbled 10.3 pct QoQ, FY25 DET sales growth to remain flat.
- Glenmark Life – EBITDA fell 17.5 pct, margin at 27.1 pct vs 33.4 pct YoY.
- VST Ind – EBITDA fell 30.5 pct, Bonus issue of 10 shares for every 1 held.
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