Bajaj Housing Finance Q1 Results: Net profit jumps 21% YoY to Rs 583 crore, revenue rises 18%
Subscribe to ET Prime and read the Economic Times ePaper Online.and 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
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
18 minutes ago
- Mint
Best stocks to buy today, as recommended by Raja Venkatraman for 29 July
The continuous overhang of geopolitical events is keeping the trends suppressed, as the global cues still have a very deep overhang, leading to market confusion. As the trends ahead show that clarity will be something that defeats the current market trends, we need to find some encouraging triggers to arrest the bearish mindset in the days to come. Here are three stocks to buy or sell as recommended by Raja Venkatraman of NeoTrader for 29 July: SBILIFE: Buy CMP and dips to ₹1,810 | Stop ₹1,790 | Target ₹1,950-2,000 MANINFRA: Buy CMP and dips to ₹177 | Stop ₹174 | Target ₹190-195 MANORAMA: Buy CMP and dips to ₹1,640 | Stop ₹1,620 | Target ₹1,770-1,825 Market today Indian equity benchmarks started the week on a subdued note, marking the third straight session of declines on 28 July as selling pressure outweighed supportive global markets. The Nifty opened below 24,800 and, although it managed an initial recovery in the early hours, it failed to gain traction and slid beneath the 24,700 mark for the first time since 13 June amid broad-based selling across sectors barring pharmaceuticals. The Sensex closed down 572.07 points, or 0.70%, at 80,891.02, while the Nifty fell 156.10 points, or 0.63%, to end at 24,680.90. Meanwhile, the mid-cap and small-cap indices retreated 0.7% and 1.3%, respectively. Sectoral losses were widespread, with realty plunging nearly 4% and media shedding close to 3%. Capital goods, metals, telecom, PSU banks, and private banks each dropped between 1% and 1.5%, underscoring the prevailing risk-off sentiment. Investors remain cautious ahead of upcoming corporate earnings and key macroeconomic data due later in the week. Outlook for trading Broader indices were unable to contain the profit booking that emerged at the start of the week, dragging the market lower. Despite a rebound on the back of US President Donald Trump keeping us guessing about his next move, the markets are clearly unable to hold on to the rebound convincingly. While every attempt was made to keep the markets in positive territory, the intermittent decline continues to retest the bullish resolve. Right now, the pronounced volatility is causing some disturbance in forming the bias, thus making the markets jittery. Trends have remained muted until the negative vibes in the Nifty Bank persisted to dent our confidence. With the trends after breaching the channel, it is showing some continued bearish pressure, as we can see that the markets are suppressed and even show some bearish signs as we enter the last trading day of the week. With the result season in play, the expectation from the Q1 numbers will be keenly tracked. As we operate in an environment of ad-hoc triggers, the markets shall continue to oscillate over the next few days. A volatile environment is now part of the ever-changing market scenario, forcing the sentiment to keep changing. Risk management is critical, as the lack of clarity is greater than ever. However, there is still some value discovery happening in mid and small caps that demonstrates a bullish sentiment. Among them, the Trump Tariff Saga has the global markets oscillating. With no clarity on the outcome, we shall continue to oscillate in a range between 24500 and 25000 on the Nifty Spot. Three stocks to trade, recommended by NeoTrader's Raja Venkatraman: SBI Life Insurance Co. Ltd (Cmp: ₹1850.50) Why it's recommended: SBI Life Insurance, incorporated in October 2000, is a leading Indian life insurance company. It operates as a joint venture between the State Bank of India (SBI), India's largest commercial bank, and BNP Paribas Cardif S.A., the life and property and casualty insurance arm of BNP Paribas. Strong demand recovery in this stock from lower levels and the rebound from demand zones support price stability and growth potential. With prices trading close to the 52-week high, more room for upside is possible. Key metrics: P/E: 74.55 52-week high: ₹1,936, Volume: 1.18M. Technical analysis: Support at ₹1,730, resistance at ₹2,050. Risk factors: Dependence on trends in the insurance sector and raw material price volatility. Buy at: CMP and dips to ₹1,810. Target price: ₹1,950-2,000 in 1 month. Stop loss: ₹1,790. Man Infraconstruction Ltd (Cmp: ₹182.46) Why it's recommended: Signs of reversal from oversold zones signal potential upside. Demand at lower levels showcases optimism for recovery in the coming sessions. The daily charts indicate that the volume-based rise seen in the last few sessions augurs well for the prices. Key metrics: P/E: 46.88 52-week high: ₹262.50 Volume: 1.86M Technical analysis: Support at ₹165 | Resistance at ₹205. Risk factors: Declining revenue and profits, as well as a decrease in operating profit margin. Buy at: CMP and dips to ₹177. Target price: ₹190-195 in 1 month. Stop loss: ₹174. Manorama Industries Ltd (Cmp: ₹1687.70) Why it's recommended: Gradual accumulation at critical support levels highlights strong investor interest, supported by consistent revenue growth. Steady higher lows with a thrust above value area resistance around 300 suggest more upside possibility. Key metrics: P/E: 67.18 52-week high: ₹1,632 Volume: 118.49K Technical analysis: Support at ₹1,470 | Resistance at ₹1,850. Risk factors: Competition in the banking space and regulatory issues. Buy at: CMP and dips to 1640. Target price: ₹1,770-1,825 in 1 month. Stop loss: ₹1,620. Raja Venkatraman is co-founder, NeoTrader. His Sebi-registered research analyst registration no. is INH000016223. Investments in securities are subject to market risks. Read all the related documents carefully before investing. Registration granted by Sebi and certification from NISM in no way guarantees performance of the intermediary or provide any assurance of returns to investors. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Economic Times
18 minutes ago
- Economic Times
Indian equity indices decline as company valuations trip on disappointing earnings
Kumar said that 24,000-24,400 is a key support level with some value buying likely to emerge at 24,000 levels, but markets are likely to be in a short-term downtrend. Synopsis Indian equity indices experienced a third consecutive session of decline due to disappointing first-quarter earnings, raising concerns about market valuations. The broader market witnessed a sharper downturn, particularly in mid-cap and small-cap stocks, as investors reduced risky positions amid growing uncertainty. Foreign portfolio investors were net sellers, contributing to the overall bearish sentiment. Mumbai: Indian equity indices declined on Monday for the third straight session as disappointing first-quarter earnings cast doubt on the market's elevated valuations. The slide in the broader market was sharper, with investors trimming their risky bets amid heightening uncertainty. ADVERTISEMENT The NSE Nifty fell 0.6% or 156 points to finish at 24,680. The BSE Sensex moved 0.7% or 572.07 points lower at 80,891. The Nifty Mid-cap 150 and Small-cap 250 indices dropped 0.9% and 1.3% respectively. In the past week, the benchmark index shed 1.6% while the mid-cap and small-cap indices shed 3.1% and 4.1% each. "The market has been factoring in higher growth expectations into mid-cap and small-cap stocks," said Siddarth Bhamre, Head of Research, Asit C Mehta Intermediates. "So if these companies report lower growth numbers in the earnings, the selloff is that much more pronounced because the higher growth led these stocks to command a higher valuation multiple." 'Sell on Rise' Market Bhamre said that expectations of 25-30% growth from these companies imply a valuation of 40-50 times, which is significantly higher than the rest of the market. ADVERTISEMENT The Nifty Realty Index tumbled 4.1% while the metal index closed 1.2% lower. Bank Nifty fell 0.8% while the private bank and PSU Bank indices dropped 1.7% and 1.2% Volatility Index or VIX-the market's fear gauge-gained 7% to 12.1 on Monday, indicating traders expect higher risks in the near term. ADVERTISEMENT Out of the 4299 stocks traded on the BSE, 2951 declined, while 1,200 advanced, underscoring the weakness in the broader market"Despite opening higher, the mid and smallcap segment saw a fall today driven by bearish sentiment as the benchmark Nifty remained below key level of 24,800," said Vipin Kumar, AVP Equity Research & PMS (Derivatives & Technical Analyst), Globe Capital Market ADVERTISEMENT Foreign portfolio investors (FPIs) sold shares worth a net of Rs 6,082.5 crore on Monday. Their domestic counterparts bought shares worth Rs 6,764.6 crore. In July, overseas investors divested Rs 27,822.9 crore."The probability of disappointment is higher in the market rather than making money in the current set-up," said Bhamre. "We are not gung-ho on the market at least until December this year as the potential for decent upside is unlikely."Kumar said that 24,000-24,400 is a key support level with some value buying likely to emerge at 24,000 levels, but markets are likely to be in a short-term downtrend. ADVERTISEMENT "A bounce back is likely towards 24,900-25,000 levels in the near term as the markets are oversold in the short term. However, it is expected to be a selling opportunity as we are in a 'sell on rise' market," said Kumar. (You can now subscribe to our ETMarkets WhatsApp channel) market valuationsIndian equity indices declineNSE NiftyBSE Sensex Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Economic Times
18 minutes ago
- Economic Times
Should investors subscribe to the upcoming NSDL IPO amid market uncertainty?
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Mumbai: Investors looking for a relatively cheaper bet on India's flourishing capital markets could consider putting money in the upcoming initial public offering (IPO) of National Securities Depository (NSDL), said ₹4,011 crore issue, which is set to open for public subscription on Wednesday, is priced at ₹760-800 per share."We believe the NSDL IPO is attractively priced, and would suggest investors subscribe to the issue," said Geetanjali Kedia, IPO expert at SPTulsian Investment Adviser. "It operates in a duopoly within a growing Indian capital market, making it a good long-term bet as well."The issue is entirely an offer for sale by existing shareholders. The IPO is priced at 47 times FY25 Price to earnings (P/E), compared with its listed peer CDSL 's 67 times, as per SBI Securities Narendra Solanki, head of Fundamental Research - Investment Services, Anand Rathi Shares and Stock Brokers, said investors could subscribe to the IPO and hold the stock for at least a year. "It should be noted that the issue is coming at a discount to the previously anticipated price," he NSDL IPO, which was to debut on the Indian bourses by July 31, had been delayed due to lengthy negotiations around the stock valuations. Kedia said the IPO pricing adequately factors in NSDL's relatively moderate financial position compared to CDSL, despite being a high ROE (return on equity) business with 24% net margins. In the grey market, NSDL currently commands a premium of Rs 137 per share. However, it has declined from Rs 166 on Thursday, the day before its price-band grey market premiums (GMPs) are the additional price that investors are willing to pay over the IPO price in the grey market before the stock lists on the stock exchange. A higher premium indicates the market sentiment for the IPO in question. GMPs of IPOs with robust demand tend to be high, which implies a potential upside in the stock on listing. A dampener for the NSDL's IPO would be the weak first-quarter results from its larger rival CDSL. CDSL's consolidated net profit in the June quarter rose 2% from the previous quarter. However, it declined nearly 24% from the same period a year ago. The stock dropped 5.6% on Monday.'CDSL's weaker-than-expected results and a 5% stock drop may hamper some investor sentiment ahead of NSDL's initial public offering, given both are Sebi-regulated depositories,' said Solanki. 'In the near term, CDSL's miss may weigh on NSDL's debut, but over time, a successful NSDL listing could benefit both.'
