Latest news with #AxisSecurities
Mint
8 hours ago
- Business
- Mint
Nifty 50 Trading Strategy: Analysts recommend Bull Call Spread options strategy for 31 July expiry
The Indian stock market traded sharply lower on Thursday, reversing previous sessions' gains, dragged by heavy selling in IT, FMCG, realty and banking stocks. The benchmark Sensex slumped over 600 points, while the Nifty 50 was down over half a percent, holding above the 25,000 level. Nestle India, Trend, Shriram Finance, Tech Mahindra, NTPC and HCL Technologies were the top losers among the Nifty 50 constituents. In the previous session, the equity market witnessed strong gains, and the Nifty 50 closed above 25,200 level. The Sensex surged 539.83 points, or 0.66%, to close at 82,726.64, while the Nifty 50 settled 159.00 points, or 0.63%, higher at 25,219.90. The highest Nifty Open Interest (OI) on the Call side is at the 25,500 strike, followed by 25,200 which could act as resistance levels. On the Put side, the highest Open Interest is at 25,000, followed by 25,200 which may serve as support levels, according to Axis Securities. The premium for the At-the-Money option is ₹ 266, indicating a likely trading range for the week between 24,900 and 25,500, it added. Axis Securities has suggested a Bull Call Spread strategy for Nifty options contracts expiring on 31 July 2025, forecasting a moderately bullish view. A bull call spread strategy involves buying a call option with a strike price slightly lower than current market price of the underlying asset, which is Nifty 50, and simultaneously selling another call option with a higher strike price (out-of-the-money), both with the same expiration date. This strategy is applied when the outlook is moderately bullish. Buy Nifty 1 lot 25,200 Call at ₹ 145 - 165 Sell Nifty 1 lot 25,450 Call at ₹ 45 - 65 The strategy involves buying one lot of the 25,200 strike Call Option and simultaneously selling one lot of the 25,450 strike Call Option, said the brokerage firm. As per Axis Securities, the potential maximum risk involved in this strategy is ₹ 7,350, whereas the potential maximum reward is ₹ 11,400. 'Traders may consider deploying this spread strategy to achieve moderate returns while maintaining controlled risk and reward,' Axis Securities said. 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.
Mint
a day ago
- Automotive
- Mint
Eicher Motors Q1 Results: Royal Enfield manufacturer to announce June quarter results on THIS date
Eicher Motors, a global leader in the middleweight motorcycle segment, is expected to announce its financial performance for the June quarter on Thursday, July 31, 2025, as the company informed investors through a regulatory filing today. "The board of directors of the company will meet on Thursday, July 31, 2025, inter alia, to consider and approve the unaudited standalone and consolidated financial results of the Company for the first quarter ended June 30, 2025," the company said. Domestic brokerage firm Axis Securities expects the company's standalone revenue to increase by 16.4% YoY (but down 3.6% QoQ) to ₹ 4,925 crore. It projects EBITDA to drop on both a QoQ and YoY basis to ₹ 1,162 crore, with margins contracting 425 basis points YoY and 109 basis points compared to the preceding March quarter. The brokerage notes that higher marketing expenses and new product launch costs are being partly offset by operating leverage benefits. It also expects the company to report a profit after tax of ₹ 1,042 crore, a 4.2% YoY and 7.4% QoQ drop. While HDFC Securities estimates the company's revenue would be at ₹ 4,812 crore, a 13.7% YoY jump but a 5.8% QoQ drop, it also expects EBITDA margin to decline QoQ to 24.0% on the back of higher RM cost, negative operating leverage, and expectations of continuing higher branding and marketing spends. The brokerage estimates realisation to remain flattish QoQ, as the price hike was taken late into the quarter. While a better export mix and higher cc bikes are expected, this is likely to be negated by a higher mix of Hunter 350. On the bottom line, the brokerage expects the company to report a net profit of ₹ 1,022 crore, a marginal 0.4% QoQ jump, but expects it to drop by 9.2% on a YoY basis. InCred Equities projects the company to report higher revenue of ₹ 5,086 crore, a 15.8% YoY jump but a 3% QoQ drop. It expects EBITDA to be at ₹ 1,236 crore and projects net profit at ₹ 1,211 crore, an 18.61% YoY rise but an 11.1% contraction compared to the preceding March quarter. On the volume front, the brokerage estimates Q1 volumes to come in at 2.87 lakh units, 16.9% higher than the previous quarter of last fiscal. Disclaimer: This story is for educational purposes only. 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.
Time of India
a day ago
- Business
- Time of India
Bajaj Finance Q1 Results Preview: Up to 19% YoY PAT growth seen, NII may jump up to 24%. 5 other metrics to track
Bajaj Finance will announce its Q1 earnings on Thursday, July 24, and brokerages are expecting another steady quarter for India's largest NBFC, backed by robust AUM growth and healthy profitability. The company's net profit is seen rising up to 19.5% YoY while the net interest income could grow in double digits up to 24% according to the estimates given by four brokerages. Asset quality is expected to hold firm, with credit costs likely to moderate sequentially. Analysts will closely monitor updates on the company's digital transformation, margin outlook, and commentary on growth guidance. Explore courses from Top Institutes in Please select course: Select a Course Category Others Operations Management Cybersecurity Leadership Management Product Management healthcare Healthcare Project Management MCA MBA Artificial Intelligence Degree Digital Marketing Technology Data Analytics Data Science Finance PGDM others Design Thinking CXO Data Science Skills you'll gain: Duration: 9 months IIM Lucknow SEPO - IIML CHRO India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT-ISB Transforming HR with Analytics & AI India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Skills you'll gain: Duration: 9 months IIM Lucknow SEPO - IIML CHRO India Starts on undefined Get Details The estimates of Axis Securities, PhillipCapital, Kotak Institutional Equities and Emkay have been considered. Here's how Bajaj Finance could perform on these 7 metrics: 1. PAT Brokerages anticipate Bajaj Finance's net profit to range between Rs 3,912 crore and Rs 4,632 crore, translating to a YoY growth of 17.9%–19.5% and a QoQ uptick of 1.5%–2.9%. Live Events Axis Securities: Rs 4,632 crore (+18.4% YoY | +1.9% QoQ) PhillipCapital: Rs 4,613 crore (+17.9% YoY | +1.5% QoQ) Kotak Equities: Rs 3,912 crore (+19.5% YoY | +2.9% QoQ) Emkay: Rs 4,631 crore (+18% YoY | +2% QoQ) Also Read: SBI Life Q4 preview: Up to 8% YoY growth seen in APE. Pressure likely in VNB, margins 2. NII & NIMs Net Interest Income (NII) is projected to rise significantly, though margin movement is mixed. Axis Securities: NII at Rs 10,279 crore (+22.9% YoY | +4.8% QoQ) Emkay: Rs 10,371 crore (+24% YoY | +6% QoQ) | NIM at 11.76% (–41 bps YoY | +6 bps QoQ) Kotak Equities: Rs 8,365 crore (+21.9% YoY | +4% QoQ) | NIM at 9.7% (–22 bps YoY | –14 bps QoQ) PhillipCapital: NIM at 12.33% (+16 bps YoY | +63 bps QoQ) 3. PPoP Operational performance remains resilient across brokerages. Axis Securities: Rs 8,418 crore (+21.2% YoY | +5.7% QoQ) Kotak Equities: Rs 6,947 crore (+21.2% YoY | +5.7% QoQ) Emkay: Rs 8,400 crore approx. (~6% QoQ growth) 4. Asset quality Provisions and credit costs are expected to decline QoQ, with asset quality holding steady. Axis Securities: Provisions at Rs 2,223 crore (+32% YoY | –4.5% QoQ) Kotak Equities: Rs 1,685 crore (+27.3% YoY | +7.9% QoQ) Emkay: Credit cost at 2.08% (–21 bps QoQ) | GS3/NS3 at 1%/0.5% 5. EBITDA: PhillipCapital estimates Earnings Before Interest, Taxes, Depreciation and Amorisation (EBITDA) Rs 8,802 crore, a likely 27% YoY and 10% QoQ uptick. 6. AUM AUM growth remains a standout positive, expected to expand around 25–26% YoY and 6% QoQ, crossing Rs 4.4 lakh crore. Axis Securities: AUM growth at 26% YoY and 5% QoQ Emkay: AUM at Rs 4.4 trillion (+25% YoY | +5.9% QoQ) Kotak: AUM growth at 25% YoY | +5.9% QoQ 7. Key monitorables: Commentary on asset quality and credit cost trajectory Progress on Loan Referral System (LRS) and tech-led initiatives Any updates to FY26 growth guidance Movement in borrowing costs and pricing discipline across portfolios
Mint
2 days ago
- Business
- Mint
Nifty, Sensex open with gains on US-Japan trade deal optimism, Experts see potential for rally
Mumbai [India], : Indian stock markets continued their upward momentum on Wednesday, with both key indices, the Nifty 50 and the BSE Sensex, posting early gains. This positive movement came as investor confidence received a major boost following the recent trade agreement between the United States and Japan. The Nifty 50 index opened at 25,138.50, registering a gain of 77.60 points or 0.31 per cent. Similarly, the BSE Sensex began the day on a stronger note at 82,429.66, rising by 242.85 points or 0.30 per cent. Experts attributed the bullish sentiment to the recent US-Japan deal, which settled tariffs at 15 per cent on Japanese goods, instead of the previously feared 25 per cent. This has lifted investor morale across Asian markets. Ajay Bagga, Banking and Market Expert, told ANI, "Indian markets have held key support levels despite the twin headwinds of tariff uncertainty and weak earnings. The Japan deal raises hopes for a US-India deal in the ballpark 15 per cent range. That could be a huge catalyst for short covering and could lead to a regaining of the September 2024 all-time highs in the Indian markets. Today is promising to be a positive day, with massive inflows from DIIs countering the continued FPI outflows." The US-Japan deal is expected to lead to a short squeeze in Japan, with Japanese automaker stocks reportedly rising as much as 15 per cent in early Tokyo trade. The market now anticipates that similar deals may be announced with other major economies such as the EU and India, providing further support to global equity markets. Despite the positive open, technical analysts remained cautious. Akshay Chinchalkar, Head of Research at Axis Securities, noted, "The Nifty ended down 30 points to close at 25,061. Technically speaking, the market did break above the first hurdle at 25,144 yesterday but wasn't able to close above it, and that's not a good sign. To reiterate, unless we break 25,340 on a closing basis, bulls have very little going for them from these levels. Asian cues are positive due to Japan securing a trade deal with the US." In the broader market, indices on the NSE showed mixed trends. The Nifty 100 was up by 0.15 per cent, while the Nifty 200 gained 0.10 per cent. However, the Nifty Midcap index fell by 0.14 per cent, and the Nifty Smallcap 100 declined by 0.33 per cent. Sector wise performance was also mixed. The Nifty Auto index surged by 1 per cent, supported by gains in Japanese automobile stocks. Nifty Metal gained 0.36 per cent, while Nifty PSU Bank posted a 0.16 per cent increase. On the downside, the Nifty FMCG, IT, and Media indices registered losses. Commenting on the technical outlook, Vikram Kasat, Head, Advisory, PL Capital said, "The tug of war between the bulls and the bears continues. Nifty is failing to cross and sustain above the 40HEMA, which has now moved lower to 25,104. Sustaining above the 40HEMA and closing above the high hourly high of 25,182 can hint towards a trend reversal as it would reinforce a higher top, higher bottom formation. The low of 24,882 will be an important support level." As the markets digest the implications of the US-Japan deal, all eyes are now on potential trade developments involving India, which could serve as a further trigger for the next leg of the market rally. This article was generated from an automated news agency feed without modifications to text.
The Hindu
3 days ago
- Business
- The Hindu
Amidst cooling down markets, August may throw up a challenge, say experts
The VIX index, which measures the volatility of Indian markets fell to a 15-month-low of 11.2 points, opening the week at a more certain and a cooler pace. As fears have allayed, analysts say that August may turn up more challenging for the Indian bourses. The volatility index closed the lowest since April 26 2024, when the index was at 10.925. A lower value in the index is an indicator of cooler markets. Markets have also been calm for the better part of July 2025, weathering the Jane Street storm. 'Markets have already factored U.S. tariffs and low corporate earnings. VIX can increase slightly in the last week of July,' said Shrikant Chouhan, Head of Research at Kotak Securities. The current state of calm is not surprising, says Akshay Chinchalkar, Head of Research at Axis Securities. 'If one examines the data from the last decade, the average value for the India VIX has been around 17. One standard deviation below the mean is approximately 10.6. This is the level at which the fear index has shown a tendency to bottom out. Secondly, if one looks at July, 90% of the time in the last 10 years, it has ended lower with an average decline of 1.7 points. So, it is not at all surprising that the gauge has largely fallen this month,' said Mr. Chinchalkar. 'In August, however, it tends to do the opposite – it has risen in eight out of 10 years for the month with an average jump size of 1.6 points. Since the VIX and the Nifty tend to move in different directions most of the time, seasonally speaking, August could present investors with some challenges. The tariff deadline is the first of August, so that can be the catalyst that drives up volatility,' Mr. Chinchalkar added.
