Markets erased Wednesday’s gains after Nifty dropped sharply by 1% after concerns emerged that Trump may resort to Tariff regime and limit H1B Visas for immigrants. The sharp wild swings in Nifty in the past few days is clear signs of instability in the markets and the next decline could be towards 22,000. The next few days 23890 remains very crucial support, below which aggressive short positions is recommended.
Results Today – SBI, Tata Motors, Ashok Leyland
Nifty 50 Chart
Stocks to watch
Positive Read through
- Va Tech Wabag – EBITDA grew 8.4 pct, net profit rose 17.2 pct YoY.
- Indian Hotels – Posted strong results in a seasonally weak quarter.
- Vedanta – Preferred bidder of Critical Mineral Blocks under mineral auction tranche IV.
- Hind Zinc – Declared preferred bidder for Balepalyam & Nayakkarpatti Tungsten blocks.
- Cummins – Reported Q2 largely above estimates, slight miss on margin.
- Lupin – Q2 above estimates, margin at 23.6 pct vs 18.2 pct YoY.
- Brigade Ent – Signs JDA to develop 1 msf plot in West Chennai, GDV of Rs. 8 bn.
- Ola Elec – Launches ‘boss of all savings’ under boss campaign.
- India Metals – EBITDA grew 13.4 pct, margin at 24.6 pct vs 21.7 pct YoY.
- Emcure Ph – EBITDA jumped 15.7 pct, profit rose 38.2 pct YoY.
- MGL – Forms JV with international battery company to foray into cell manufacturing.
- IRB Infra – Oct toll collections grew 21 pct YoY tο Rs. 5.39 bn.
- Borosil Renew – Anti-dumping duty proposed on solar glass.
- M&M – Raises tractor industry guidance in FY25 to 6-7 pct. Implying H2FY25 growth of 13-14 pct.
Negative Read through
- Cochin Shipyard – Q2 misses estimates, margin fell 170 bps YoY.
- NHPC – Margin at 58.9 pct vs 60.3 pct, profit dipped 41.2 pct YoY.
- SAIL – Q2 volumes miss estimates & realisations under pressure, debt elevated.
- ABFRL – Margin fell 19 bps, sales growth impacted by subdued urban consumption.
- GE Shipping – Margin at 48.2 pct vs 52.3 pct, profit slipped 3 pct YoY.
- Astral – EBITDA fell 4.5 pct, margin at 15.3 pct vs 16.2 pct YoY.
- GMM Pfaudler – EBITDA tumbled 35 pct, margin at 11.5 pct vs 15 pct YoY.
- GR Infra – EBITDA dropped 24.4 pct, sales declined 26 pct.
- GSPL – EBITDA fell 22 pct, margin at 17.7 pct vs 21.3 pct YoY.
- Ircon – EBITDA fell 23.3 pct, margin at 8.2 pct vs 8.6 pct YoY.
- RVNL – Margin shrank 48 bps, EBITDA fell 9 pct YoY.
Financial planning platform where you can plan all your goals, cash flows, expenses management, etc., which provides you advisory on the go. Unbiased and with uttermost data security, create your Financial Planning at Rs. 2499/-
Disclaimer: The views shared in blogs are based on personal opinions and do not endorse the company’s views. Investment is a subject matter of solicitation and one should consult a Financial Adviser before making any investment using the app. Making an investment using the app is the investor’s sole decision, and the company or its communication cannot be held responsible for it.
