Quick Wrap: Nifty PSU Bank Index falls 0.80%

10-07-2025

Nifty PSU Bank index closed down 0.80% at 7035.6 today. The index has slipped 2.00% over last one month. Among the constituents, Canara Bank dropped 1.38%, Bank of India fell 1.29% and Indian Bank shed 1.18%. The Nifty PSU Bank index has fallen 3.00% over last one year compared to the 4.24% increase in benchmark Nifty 50 index. In other indices, Nifty IT index has dropped 0.79% and Nifty Realty index increased 0.72% on the day. In broad markets, the Nifty 50 has declined 0.47% to close at 25355.25 while the SENSEX has slid 0.41% to close at 83190.28 today.

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Bank of Japan keeps interest rate unchanged at 0.5%

Economic Times

6 minutes ago

Economic Times

Bank of Japan keeps interest rate unchanged at 0.5%

(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

Why did most brokerages raise their target on Avenue Supermarts stock?

Business Standard

6 minutes ago

Business Standard

Why did most brokerages raise their target on Avenue Supermarts stock?

Avenue Supermarts, which operates the DMart retail chain, held an analyst call on Wednesday after market hours. On Wednesday, the Avenue Supermarts stock closed higher by 7.11 per cent on BSE at ₹4,285.15 per share. In comparison, Sensex closed up 0.18 per cent at 81,481.86. The management, in the call, indicated acceleration in store additions as their utmost priority and believes the margin contraction due to improving service levels over the past several quarters is largely behind. CATCH STOCK MARKET LIVE UPDATES TODAY Avenue Supermarts con-call highlights: Management called out a clear preference for growth over margins. The company aims to open 10–15 per cent of base stores every year, and remains bullish in the offline space with immense potential to grow. The focus is on gaining market share. Management does not mind competition as long as it is able to improve its wallet share. Consumption trends remain stable with 5–7 per cent inflation range, but double-digit inflation leads to a sharp decline in volumes. The Total Addressable Market (TAM) is estimated at 2,200 stores across India, indicating an additional store addition opportunity of 1,800 stores. This is very similar to the TAM mentioned at the 2021 analyst meet. Home delivery remains the dominant contributor to the business, with a 21–22 per cent growth rate driven purely by the DMart Ready business segment. The fast-moving consumer goods (FMCG) sector continues to face intense competition, particularly on pricing. In the non-FMCG segment, the product mix is shifting towards lower-priced offerings, impacting the overall margin profile. Brokerages' view on Avenue Supermarts (DMart) Motilal Oswal has maintained 'Buy' on the stock and has raised the target price to ₹4,950 from ₹4,500 as it models 60 store additions in FY26, against 9/50 store additions in Q1FY26/ FY25. The brokerage firm has also raised its FY26-28 Earnings before interest, tax, depreciation and amortisation (Ebitda) and profit after tax (PAT) estimates by 2-4 per cent as the increase in CoR (primarily related to staff costs to improve service levels) normalises. "We build in a consolidated revenue/Ebitda/PAT compound annual growth rate (CAGR) of 19 per cent/20 per cent/18 per cent over FY25-28E, driven by 14-15 per cent CAGR in retail store/area and a high single digit like-for-like (LFL) growth," the brokerage noted. Nuvama Institutional Equities has also maintained 'Hold' on DMart shares but has raised the target to ₹4,544, from ₹4,086. The brokerage is switching to a SoTP (Sum-of-the-Parts) valuation to assign separate values to the core business and DMart Ready, its key growth driver. Besides, Goldman Sachs has continued with a 'Neutral' on Avenue Supermarts shares, but has increased the target to ₹3,450 from ₹3,400, owing to expectations around strong store expansion, according to reports. However, the brokerage warned that focusing on improving store experience could lead to higher store costs. Additionally, store expansion acceleration could lead to margin pressure, negative cash flow, and increasing debt.

Q1 results today: HUL, Swiggy, Vedanta, Adani Enterprises on July 31

Business Standard

36 minutes ago

Business Standard

Q1 results today: HUL, Swiggy, Vedanta, Adani Enterprises on July 31

Hindustan Unilever, Swiggy, Adani Enterprises, Vedanta, PB Fintech, Maruti Suzuki India, Dabur India, Ambuja Cements, JSW Energy, and TVS Motor Company are scheduled to announce their earnings report for the first quarter (Q1) of the financial year 2025-26 (FY26) on Thursday. A host of other companies, Coal India, Dr. Lal PathLabs, Mackinnon Mackenzie & Company, Icra, Gillette India, JSW Holdings, Mankind Pharma, Sun Pharmaceutical Industries, Titan Intech, TVS Motor Company, are expected to declare their Q1 results today. HUL Q1 preview: Revenue expected to rise, profit likely to stay muted Hindustan Unilever (HUL), the maker of popular brands such as Horlicks, Dove, and Lifebuoy, is set to announce its April–June 2025 (Q1FY26) earnings today. Analysts expect the company's performance in the quarter to be weighed down by an unfavourable product mix, rising input costs, and muted seasonal demand, which may have softened overall growth. Revenue for the quarter is projected to grow 4.8 per cent year-on-year to ₹16,081 crore, up from ₹15,339 crore. Compared to the previous quarter, revenue is expected to rise 6 per cent, supported by healthy underlying volume growth (UVG). PB Fintech Q1 preview: Profit likely to surge, revenue expected to dip PB Fintech, the parent company of Policybazaar, is scheduled to announce its April–June 2025 (Q1FY26) results on Thursday. Analysts polled by Business Standard expect the company's net profit to soar 431.6 per cent year-on-year to ₹101 crore, compared to ₹19 crore in the same quarter last year. Revenue for the quarter is estimated to grow 35 per cent year-on-year to ₹1,364 crore, up from ₹1,010.5 crore. On a quarter-on-quarter basis, however, it is likely to dip 9.6 per cent from ₹1,507.9 crore. Closing highlights from July 30 Indian equities edged higher on Wednesday, led by Q1 earnings-driven gains in select index heavyweights. L&T, NTPC and Asian Paints were among the top performers on the Sensex after posting their April–June 2025 (Q1FY26) results. The BSE Sensex ended 143.9 points, or 0.18 per cent, higher at 81,481.86, while the NSE Nifty50 settled at 24,855.05, up 34 points or 0.14 per cent. Broader markets underperformed, with the Nifty MidCap index slipping 0.07 per cent and the Nifty SmallCap index declining 0.52 per cent. Among sectoral indices, Nifty IT rose 0.31 per cent, Nifty FMCG 0.24 per cent, and Nifty Pharma closed marginally higher. On the downside, Nifty Realty dropped 0.96 per cent and Nifty Auto fell 0.6 per cent. Market overview for July 31 Domestic equities are set for a volatile start after the US imposed a steeper-than-expected 25 per cent tariff on Indian goods, effective Friday. Most Asian stock markets declined ahead of the tariff deadline, with Hong Kong's Hang Seng and China's CSI 300 leading the losses. List of firms releasing Q1 FY26 results on July 31 1. 3i Infotech Ltd 2. Aarcon Facilities Ltd 3. Aarti Industries Ltd 4. Accelya Solutions India Ltd 5. Adani Enterprises Ltd 6. Ambuja Cements Ltd 7. Anik Industries Ltd 8. APM Industries Ltd 9. Aptus Value Housing Finance India Ltd 10. Arihants Securities Ltd 11. Asit C Mehta Financial Services Ltd 12. Avonmore Capital & Management Services Ltd 13. Banaras Beads Ltd 14. Barbeque-Nation Hospitality Ltd 15. Binny Mills Ltd 16. Bluspring Enterprises Ltd 17. Chalet Hotels Ltd 18. Chambal Fertilisers & Chemicals Ltd 19. Chemfab Alkalis Ltd 20. Chartered Logistics Ltd 21. Cholamandalam Investment and Finance Company Ltd 22. Coal India Ltd 23. Colinz Laboratories Ltd 24. Conart Engineers Ltd 25. Cords Cable Industries Ltd 26. COSYN Ltd 27. Cressanda Railway Solutions Ltd 28. City Union Bank Ltd 29. Dabur India Ltd 30. DCB Bank Ltd 31. Duroply Industries Ltd 32. East India Drums and Barrels Manufacturing Ltd 33. Eicher Motors Ltd 34. Emami Ltd-$ 35. Eros International Media Ltd 36. Gamco Ltd 37. GEE Ltd 38. Great Eastern Shipping Company Ltd 39. GHCL Ltd 40. Gillette India Ltd 41. Gothi Plascon India Ltd 42. Hindustan Bio Sciences Ltd 43. Hindustan Unilever Ltd 44. ICRA Ltd 45. IIRM Holdings India Ltd 46. Inventurus Knowledge Solutions Ltd 47. Indegene Ltd 48. India Radiators Ltd 49. International Combustion India Ltd 50. IRM Energy Ltd 51. Ishwarshakti Holdings & Traders Ltd 52. India Steel Works Ltd 53. IVP Ltd 54. Jai Mata Glass Ltd 55. Jyotirgamya Enterprises Ltd 56. Jhaveri Credits & Capital Ltd 57. JK Agri Genetics Ltd 58. JSW Energy Ltd 59. JSW Holdings Ltd 60. Jubilant Ingrevia Ltd 61. Jumbo Bag Ltd 62. Kamat Hotels (India) Ltd 63. Kanco Tea & Industries Ltd 64. KRN Heat Exchanger And Refrigeration Ltd 65. Krystal Integrated Services Ltd 66. Kalyani Steels Ltd 67. K S Oils Ltd-$ 68. Lakshmi Electrical Control Systems Ltd 69. Dr. Lal PathLabs Ltd 70. LG Balakrishnan & Bros Ltd 71. Mackinnon Mackenzie & Company Ltd 72. Mankind Pharma Ltd 73. Maruti Suzuki India Ltd 74. Meera Industries Ltd 75. Mangalam Global Enterprise Ltd 76. Mid East Portfolio Management Ltd 77. One Mobikwik Systems Ltd 78. Credo Brands Marketing Ltd 79. Mukta Agriculture Ltd 80. Mystic Electronics Ltd 81. Nahar Capital and Financial Services Ltd 82. Nahar Polyfilms Ltd 83. Nahar Spinning Mills Ltd 84. Nelcast Ltd 85. Netweb Technologies India Ltd 86. Neuland Laboratories Ltd 87. Nexome Capital Markets Ltd 88. Niva Bupa Health Insurance Company Ltd 89. Nucleus Software Exports Ltd 90. Omega Interactive Technologies Ltd 91. Oriental Trimex Ltd 92. Padam Cotton Yarns Ltd 93. Panama Petrochem Ltd 94. Panyam Cements & Mineral Industries Ltd 95. Paushak Ltd 96. PDS Ltd 97. The Phosphate Company Ltd 98. PB Fintech Ltd 99. Prerna Infrabuild Ltd 100. Pricol Ltd 101. Radico Khaitan Ltd 102. Restaurant Brands Asia Ltd 103. Royal Orchid Hotels Ltd 104. R R Kabel Ltd 105. Sanofi India Ltd 106. Saregama India Ltd 107. Silver Touch Technologies Ltd 108. Skipper Ltd 109. 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