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Stock Market LIVE: Nifty, Sensex off lows; HDFC Bank, Infy gain; Bulls ahead in breadth; SMIDs waver

Stock Market LIVE: Nifty, Sensex off lows; HDFC Bank, Infy gain; Bulls ahead in breadth; SMIDs waver

Sensex Today | Stock Market LIVE on Wednesday, July 16, 2025: In the broader markets, the Nifty MidCap index was up 0.16 per cent, while the Nifty SmallCap index was flat
11:07 AM
Stock Market LIVE Updates: 11 AM Update- Sensex down 170 pts; Nifty below 25,150
Stock Market LIVE Updates: BSE Sensex, around 11 AM, was lower by 170 points or 0.20 per cent at 82,404 and NSE Nifty50 was at 25,141.7, down 54.1 per cent or 0.21 per cent.
Selling was seen in metal, pharma, auto, and private bank counters.
10:45 AM
Stock Market LIVE Updates: Bernstein expects markets to consolidate; sees Nifty at 26,500 by 2025-end
Stock Market LIVE Updates: After a sharp run from April lows that saw the Nifty 50 index rise nearly 13 per cent till date, analysts at Bernstein expect the markets to undergo a consolidation phase amid mixed macro-economic signals.
They maintain a calendar year-end target of 26,500 for the Nifty 50, which is a modest 5.1 per cent higher from the current levels. READ MORE
10:18 AM
Stock Market LIVE Updates: HDFC Bank stock up 1% as board to mull bonus, special dividend on July 19
Stock Market LIVE Updates: HDFC Bank shares gained 1.3 per cent at ₹2,021.90 on the BSE in Wednesday's intra-day trade after the bank said it shall consider its maiden bonus issue on Saturday, July 19, 2025. The board will also consider a special dividend on equity shares for the financial year 2025-26 (FY26).
The stock price of the private sector lender was trading close to its record high of ₹2,027.90 touched on June 26, 2025. In the past six months, HDFC Bank has outperformed the market by surging 22 per cent, as compared to 7 per cent rise in the BSE Sensex. READ MORE
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Bull Case Forecast: Sensex may hit 1,15,836 and Nifty 43,876 by FY28, says Ventura
Bull Case Forecast: Sensex may hit 1,15,836 and Nifty 43,876 by FY28, says Ventura

Mint

time29 minutes ago

  • Mint

Bull Case Forecast: Sensex may hit 1,15,836 and Nifty 43,876 by FY28, says Ventura

Indian equity market is likely to deliver strong gains over the next few years, with the benchmark indices potentially rising 42 percent by fiscal 2028, according to Ventura Securities. Despite a turbulent global economic backdrop, the brokerage sees India's strong GDP growth, manageable debt levels, and relatively stable bond yields as key drivers positioning the country ahead of global peers. In its latest forecast, Ventura Securities said that the Sensex could reach 1,15,836 and the Nifty 50 could climb to 43,876 by FY28 in a bullish scenario. These projections are supported by a compound annual earnings per share (EPS) growth rate of 12–14 percent and macroeconomic stability. Even in a more conservative or bearish environment, the brokerage sees solid upside. It estimates the Sensex could still rise to 104,804 points and the Nifty 50 to 39,697. The forecast is underpinned by a price-to-earnings (PE) multiple of 21 times in the bull case and 19 times in the bear case, with estimated FY28 EPS at 5,516 for the Sensex and 2,089 for the Nifty. According to Ventura, India's unique macroeconomic combination — relatively high growth, moderate debt, and benign interest rates — gives it an edge over advanced economies like the US and Japan. 'India's large growth market is likely to outpace its global peers supported by a unique combination of strong GDP growth, moderate debt levels, and comparatively benign bond yields,' the brokerage noted. Ventura's bullish outlook is also shaped by encouraging Q1FY26 earnings season trends. As of mid-quarter, 159 companies have declared their results, with broad-based growth across sectors. Engineering, manufacturing, and services led the charge, while consumption, commodities, and pharmaceuticals delivered steady performances. Sectors such as BFSI, IT, healthcare, and logistics have delivered positive earnings surprises. This, Ventura said, highlights the resilience of Indian corporate earnings and reinforces confidence in long-term fundamentals. 'India remains the world's most promising investment destination,' the brokerage added, citing GDP growth at 6.5 percent, a debt-to-GDP ratio around 80%, and stable bond yields. While developed markets face headwinds such as high debt and sluggish growth, India's demographic dividend and structural economic reforms continue to attract global capital. Vinit Bolinjkar, Head of Research at Ventura Securities, said the past decade has proven India's resilience despite multiple crises. 'In the last 10 years, the Indian economy has demonstrated resilience and clocked the highest GDP growth among large economies, despite global headwinds such as the NBFC crisis, COVID-19, Russia–Ukraine war, and the recent uncertainty on Trump tariffs,' he said. According to Bolinjkar, India's ability to mitigate risks will outweigh existing challenges and help push GDP growth to an estimated 7.3 percent by FY30. Strategic measures like the discovery of oil in the Andaman region, the gold monetization scheme, and a multi-pronged national security strategy are expected to add further strength to India's macroeconomic fundamentals. Ventura believes that the Indian equity market has not yet priced in the long-term structural advantages the country offers. Factors such as rising foreign exchange reserves, sustainable debt levels, and the possibility of lower interest rates could create a highly favorable investment landscape in the coming years. In this context, the Sensex's journey to 115,000 and beyond looks achievable — provided the current momentum in earnings and reforms continues. For investors looking beyond short-term volatility, India stands out as a resilient and rewarding long-term bet. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

Laurus rallies 6%, hits new high on strong Q1; brokerages see more upside
Laurus rallies 6%, hits new high on strong Q1; brokerages see more upside

Business Standard

time29 minutes ago

  • Business Standard

Laurus rallies 6%, hits new high on strong Q1; brokerages see more upside

Laurus Labs share price today Shares of Laurus Labs hit a new high of ₹889.3, surging 6 per cent on the BSE in Monday's intra-day trade in an otherwise subdued market after the company reported strong earnings for the June 2025 quarter (Q1FY26). The BSE Sensex was up 0.06 per cent at 81,512 at 10:20 AM. In the past one month, the stock of pharmaceutical company has outperformed the market by soaring 27 per cent, as compared to 2.7 per cent decline in the BSE Sensex. It has zoomed 128 per cent from its 52-week low of ₹390.30 on August 8, 2024. Laurus Labs - Q1FY26 performance, outlook Laurus delivered a solid performance in Q1, in line with market expectations. The management said they are pleased to see sustained growth momentum fueled by increasing uptake in the contract development and manufacturing organisation (CDMO) deliveries and healthy business fundamentals. The company has achieved revenues of ₹1,570 crore, representing 31 per cent year-on-year (YoY) growth and earnings before interest, taxes, depreciation, and amortization (EBITDA) of ₹389 crore, representing 127 per cent growth. The EBITDA margins improved substantially to 24.8 per cent, from 14.3 per cent in Q1FY25, supported by continuing operating leverage. Gross margins stood strong at 59.4 per cent due to favorable CDMO mix and ongoing process improvement initiatives. Profit after tax stood ₹161.1 crore, driven by a favorable product mix and strong operational performance. Laurus has made a healthy progress to start the year with increasing contributions from the CDMO business and continued advancement of pipeline projects, supported by Generic Formulation (FDF). The management said the company is moving ahead with strong focus on commercial execution realizing the full potential from promising pipeline opportunities, business development and rapidly enhancing scale and technology capabilities. ALSO READ | Brokerages firm see more upside in stock price of Laurus The CDMO growth was driven by several mid-to-late stage NCE deliveries and steady increase in sales from new manufacturing assets. Out of ₹3,200 core of capex that the company has incurred during FY22-25, almost ~75 per cent was earmarked towards active pharmaceutical ingredient (API) / CDMO. The company is now getting the benefit of the same as the CDMO quarterly run rate has gone up from ₹220-250 crore to ₹450-500 crore in two years. The CDMO contribution has also gone up from ~16 per cent to 33 per cent which has led to a significant margin expansion. ICICI Securities said they continue to monitor progress on these driving factors which in a way are expected to change the business mix in favour of these segments in lieu of anti-retroviral (ARV). Analysts at Choice Equity Broking believe Laurus is evolving from a traditional Generics player to a CDMO (Synthesis)–led model, with the segment targeted to reach ~50 per cent of revenues in the long term. Given the higher-margin profile of CDMO and operating leverage as new manufacturing assets ramp and current underutilization narrows, the brokerage firm expects sustained margin expansion. Analysts maintain 'buy' rating on the stock with revised target price of ₹1,025 against previous target price of ₹750. Motilal Oswal Financial Services raise earnings estimates by 16 per cent/7 per cent for FY26/FY27, factoring in strong tailwinds in CDMO segment led by 110+ active pipeline projects/ramp-up from new manufacturing facilities, additional contracts in generic FDF segment, and margin expansion from scale. Considering a 63 per cent earnings compounded annual growth rate (CAGR) over FY25-27, the brokerage firm value Laurus at 56x 12M forward earnings to arrive at a target price of ₹970. Reiterate BUY.

Whirlpool of India shares slip 2% post Q1 results; Should investors hold?
Whirlpool of India shares slip 2% post Q1 results; Should investors hold?

Business Standard

time29 minutes ago

  • Business Standard

Whirlpool of India shares slip 2% post Q1 results; Should investors hold?

Shares of Whirlpool of India declined on Monday after the company reported a drop in revenue for the first quarter of the current financial year (Q1FY26). Further, analysts remain cautious due to the promoters' proposed stake sale and the lack of clarity on future leadership. The household appliances maker's stock fell as much as 2.32 per cent during the day to ₹1,366.6 per share, the biggest intraday fall since July 8 this year. The stock pared losses to trade 1.4 per cent lower at ₹1,379 apiece, compared to a 0.14 per cent decline in Nifty 50 as of 9:55 AM. Whirlpool of India Q1 results The company reported a marginal increase in its consolidated net profit to ₹146.08 crore for the June 2025 quarter. It had posted a net profit of ₹145.25 crore during the April-June quarter of the previous fiscal. US-based Whirlpool Corporation's India unit's revenue from operations slipped 2.58 per cent to ₹2,432.32 crore during the quarter under review. It was ₹2,496.86 crore in the corresponding period of the previous fiscal. "Despite a very significant decline in industry of air conditioners and refrigerators in Q1 2025-26 versus a year ago due to a poor summer and onset of early monsoon that affected all players, Whirlpool was able to actually grow profits by keeping its volume decline minimal via continuing to gain market shares in the refrigerator and washer category in April-May," the company said in its earning statement. Analysts on Whirlpool of India Q1 Centrum Broking expects the company to post a 13 per cent sales CAGR and a 170 basis points improvement in Ebitda margin over FY25-28, leading to a 25 per cent CAGR in profit after tax. Strong balance sheet, negative net working capital, and healthy cash flows are key strengths, Centrum noted. Notable achievements over the past six quarters include strong execution, market share gains, and an improving margin profile. However, the parent entity's proposed stake reduction from 51 per cent to 20 per cent is likely to remain a near-term overhang, it said, maintaining a 'Add' rating with a target of ₹1,525 for the stock. Whirlpool reported revenue short of Nuvama's estimates, due to a weak summer season and early monsoon, analysts said. While business and financial performance remain strong, the parent company's impending stake reduction and the resulting lack of visibility on new ownership remain key overhangs, Nuvama said. Nuvama has raised its FY26-28 EPS estimates by 1-3 per cent and expects revenue, Ebitda, and PAT to grow at compound annual rates of 8-13 per cent and 16 per cent, respectively. The brokerage revised the target price to ₹1,380 (earlier ₹1,340) and the rating was retained at 'Hold'.

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