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Time of India
2 days ago
- Business
- Time of India
PMS Tracker: Top 15 funds advance up to 14% in July; Maxiom, Kotak among biggest losers
At least 15 PMS funds across thematic, smallcap, and multicap strategies delivered gains in July 2025, with InCred Asset Management's Focused Healthcare Portfolio emerging as the top performer, posting a 14.29% monthly return, according to data from PMS Bazaar. InCred's Healthcare Portfolio followed with an 11.96% gain, while Valcreate Investment Managers' Lifesciences and Specialty Opportunities strategy rose 8.48% during the month. Green Portfolio's MNC Advantage added 6.89%, and Valcreate's IME Digital Disruption gained 6.34% in July. Finance Value and Valuation Masterclass - Batch 4 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Finance Value and Valuation Masterclass - Batch 3 By CA Himanshu Jain View Program Artificial Intelligence AI For Business Professionals By Vaibhav Sisinity View Program Finance Value and Valuation Masterclass - Batch 2 By CA Himanshu Jain View Program Finance Value and Valuation Masterclass Batch-1 By CA Himanshu Jain View Program Other notable performers included Wallfort PMS and Advisory Services' Diversified Fund, which gained 4.88% in July 2025, Maximal Capital's Income Fund, up 4.55%, and Ambit Investment Advisors' Micro Marvels Portfolio, which rose 4.27%. Emkay Investment Managers' Pearls strategy climbed 4.20%, and Qode Advisors' Future Horizon added 2.91% during the month. Among multicap and flexicap strategies, ithought Financial's VRDDHI and Shade Capital's Value Fund each gained 2.87%, Valcreate's Growing India strategy rose 2.84%, Wryght Research's Factor Fund advanced 2.69%, White Whale Partners' North Star Portfolio was up 2.64%, and Brightseeds Advisors' Xylem Maverick Strategy closed the month 2.55% higher. Bottom performers: Maxiom, Kotak, Trivantage lead declines On the losing side, Maxiom Asset Management's PMS – EMERALD strategy fell 9.54% in July, the steepest decline among tracked portfolios. Kotak Mahindra AMC's Fintech strategy dropped 9.19% during the month, while Trivantage Capital's Small and Midcap Financials slid 7.41%. Live Events Moat Financial Services' UpperCrust Wealth Fund declined 7.09%, ASK Investment Managers' Financial Opportunities Portfolio lost 7.06%, and Shree Rama Managers' Vriddhi Plan fell 6.75%. ASK's Emerging Opportunities Portfolio was down 6.73%, and Capitalmind's Adaptive Momentum dropped 6.31%. Other laggards included Tulsian PMS, which fell 6.19%, Right Horizons' Alphabots Midcap 29, down 6.09%, Bonanza Portfolio's Growth, which dropped 5.98%, Aditya Birla Sun Life AMC 's India Special Opportunities Portfolio, lower by 5.95%, Wallfort PMS's Focus Fund, which slipped 5.85%, Atlas Integrated Finance's Debt Equity Hybrid PMS Fund, down 5.82%, Bonanza Portfolio's Edge and Value strategies, which lost 5.78% and 5.76% respectively, Alchemy Capital's Smart Alpha 250, lower by 5.67%, Marcellus Investment Managers' Consistent Compounders, which declined 5.61%, Trivantage Capital's Edge Portfolio, down 5.46%, and 2Point2 Capital's Long Term Value Fund, which ended the month 5.40% lower. Overall, July saw strong gains in healthcare-focused and select thematic strategies, while several multicap, sectoral, and small-and-midcap portfolios faced steep losses, underscoring continued divergence in PMS performance. Also read | Sebi looks to further ease regulations for foreign investors
Time of India
22-07-2025
- Business
- Time of India
Paytm stock jumps 122% in one year; still far from IPO price — Can the rally continue?
Paytm (One 97 Communications) shares surged 122% over the past year, driven by a wave of investor optimism and strong market momentum. Despite the sharp rebound, the stock still trades 53% below its IPO issue price of Rs 2,150, prompting the big question, can Paytm reclaim its IPO-era peak. Tired of too many ads? go ad free now Currently hovering around Rs 1,018, Paytm is showing signs of a technical breakout. Analysts point to a consistent pattern of higher highs and higher lows (HH-HL), which typically suggests a sustained uptrend. Drumil Vithlani, Technical Research Analyst at Bonanza Portfolio, noted the stock is nearing a critical resistance zone between Rs 1,020 and Rs 1,030 — a level where it faced heavy selling in December 2024. 'The stock has been consistently forming a higher highs–higher lows (HH–HL) structure, which indicates a sustained uptrend,' he added. Vithlani advises existing holders to keep a stop-loss at Rs 980 and continue holding if the breakout is confirmed with strong volumes. Hardik Matalia, Derivative Analyst at Choice Broking, sees bullish patterns forming on longer-term charts. 'There is a Cup and Handle pattern on the weekly chart and an Inverted Head and Shoulders on the monthly — both are bullish continuation setups that suggest potential for a move toward Rs 1,700,' he told ET. 'Paytm is comfortably trading above its 20-, 50-, 100-, and 200-day EMAs, and the RSI at 65.86 is trending upwards,' he added. With June quarter results due today (July 22), analysts believe earnings could be a key trigger. Brokerages expect Paytm to post its first-ever quarterly profit, with a projected PAT of over Rs 18.9 crore a significant turnaround from last year's loss. Revenue is expected to rise 27% YoY, led by growth in payments and financial services. Tired of too many ads? go ad free now While brokerages like YES Securities and JM Financial see improvement in loan disbursals and expense control, they caution that margins may be pressured by rising payment costs and the lack of UPI incentives. A domestic fund manager summed up the outlook: 'Reclaiming the IPO price of Rs 2,150 will require sustained earnings delivery, clarity on regulatory concerns, and expansion in lending partnerships,' a fund manager at a domestic mutual fund told the outlet. For now, the momentum is with Paytm. Whether it can turn early profitability into long-term growth, and win back long-term investors remains to be seen. (Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
Economic Times
10-07-2025
- Business
- Economic Times
Vodafone Idea slides 57% in a year; analysts warn of further downside below Rs 6.30
Vodafone Idea shares, down over 57% in the past year, continue to reflect a bearish trend as technical analysts highlight weak momentum and lack of investor interest. The stock was trading around Rs 7.26 on Wednesday, hovering near the lower end of its range, with no signs of a sustained recovery. ADVERTISEMENT Hardik Matalia, Derivatives Analyst at Choice Broking, said the stock remains entrenched in a long-term downtrend and has failed to attract meaningful investor participation. 'Despite minor recoveries, Vodafone Idea has failed to show any sustained strength. The broader bias remains negative,' said Hardik Matalia, Derivatives Analyst at Choice Broking. 'A breakdown below Rs 6.30 could trigger further downside, while a sustainable move above Rs 10.50 is required to reverse sentiment.' He added that the Relative Strength Index (RSI) is at 55.47 but has shown signs of weakness due to a negative crossover. The stock also trades below its long-term exponential moving averages, and any breach below short-term averages could reinforce bearish traders, he noted, should watch for a breakdown below Rs 7 before considering fresh shorting. For any buying opportunity, a strong reversal supported by volume would be Vithlani, Technical Research Analyst at Bonanza Portfolio, echoed the bearish view. ADVERTISEMENT 'Vodafone Idea continues to trade within a falling channel pattern. It recently faced rejection near Rs 7.80, which reinforces that level as strong resistance,' he said. 'Unless the stock breaks out of this range decisively, the outlook will remain weak.'Immediate support lies at Rs 7.13, aligned with the 50-day EMA. A close below this level could open further downside toward Rs 6.80, he added. ADVERTISEMENT The technical weakness comes amid continued uncertainty around Vodafone Idea's massive adjusted gross revenue (AGR) dues. While the telco has sought further payment relief from the government, recent reports suggest that the Department of Telecommunications (DoT) is unlikely to grant any extension on the Rs 84,000 crore dues, payments for which are set to begin from adds to the financial strain despite the government's earlier move to convert Rs 36,950 crore of dues into equity, giving it a 49% stake in the company. ADVERTISEMENT The company's total subscriber base fell below the 200-million mark in March 2025, underscoring the challenge it faces in retaining users amid fierce competition from Reliance Jio and Bharti Airtel. Vodafone Idea reported a net loss of Rs 7,166 crore in Q4FY25, while revenue grew 3.8% year-on-year to Rs 11,014 crore. Sequentially, losses widened further. ADVERTISEMENT Also Read: Is the chemical sector entering a new supercycle? Top stocks already up 35–135% in 2025 (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
News18
18-06-2025
- Business
- News18
Israel-Iran War: Has Nifty Already Priced In Middle East Tensions? Experts Analyse
Last Updated: Experts believe that while the current escalation has not yet crossed a threshold to warrant a full-blown market correction Israel-Iran Conflict: Indian benchmark indices, Sensex and Nifty, traded on a subdued note Wednesday amid escalating missile strikes between Iran and Israel, prompting investors to tread cautiously. As of 11:40 AM, the BSE Sensex was down 310 points or 0.38% at 81,272.93, while the NSE Nifty50 slipped 80 points or 0.32% to 24,774.30. Market experts suggest that investors may have already priced in the geopolitical risks from the Israel-Iran conflict. Monday's strong market close indicates a shift in investor attention toward domestic growth drivers and corporate fundamentals. Middle East Tensions: Has the Market Priced In the Israel-Iran Conflict? According to Anubhav Sangal, Senior Research Analyst at Bonanza Portfolio, the Indian stock market seems to be factoring in a limited conflict scenario rather than a prolonged regional war. 'The market has partially discounted the Israel-Iran conflict, reflecting both vulnerability and resilience. While initial reactions triggered volatility and sectoral churn, the overall discounting remains incomplete and highly conditional," he noted. Narendra Solanki, Head Fundamental Research – Investment Services, Anand Rathi Shares and Stock Brokers, 'We believe markets have partially priced in the Iran conflict in the sense that it has taken cognisance of the conflicts, but the final outcome is still unknown and hence not priced. Believe markets are still wishful/hopeful of some kind of de-escalation coming in few days and may not have priced for any serious escalation or a potential catastrophic threshold involving US directly for the region." Analysts estimate that crude prices have jumped about 10% so far, and further escalation could push them up another 8–9%. 'Israel's airstrikes on Iran have sparked fears of supply chain disruptions. The market is anxiously watching how Iran will respond. Any retaliation could send prices soaring and push the region into a deeper crisis," said Navneet Damani, Group Senior VP and Head of Commodities Research at Motilal Oswal Financial Services. Gold, meanwhile, has rallied to an all-time high of Rs 1 lakh in the domestic market and is nearing $3,500 per ounce globally, as investors shift towards safe-haven assets amid the growing geopolitical uncertainty. What Should Be Your Trading Strategy? Experts believe that while the current escalation has not yet crossed a threshold to warrant a full-blown market correction, further deterioration could lead to significant downside. Traders are advised to maintain a cautious stance, stay hedged, and keep a close watch on geopolitical developments, as volatility could spike sharply if tensions worsen. Anubhav Sangal of Bonanza recommends investors to treat geopolitical dips as buying opportunities. ' For now, markets are treating geopolitical dips as buying opportunities, supported by India's strong domestic fundamentals and limited direct exposure to the conflict zone," he said.
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Business Standard
15-05-2025
- Business
- Business Standard
Investors should look at defensive plays for now: Achin Goel, Bonanza
As March 2025 quarter earnings season nears close, ACHIN GOEL, fund manager, Bonanza Portfolio, tells Sirali Gupta in an email interview that India Inc. is expected to see a recovery in the coming quarters, particularly in the consumer sector, driven by a revival in rural demand. Edited excerpts: Is border tension between India and Pakistan still a concern for the market? Indian markets have shown surprising resilience despite the recent border tensions. This is because investors were betting against a major escalation between India and Pakistan. The ceasefire is holding, but it's not just about border politics – several other positive factors are supporting the market's steady performance: progress on multiple international trade deals, encouraging AMFI data that's boosting retail participation, and growing buzz about foreign institutional investors increasing their India allocations. All these elements together explain why markets remain stable despite what could have been a major destabilising event. Easing border tensions between India and Pakistan is a significant positive for Indian investors; however, we can expect volatility due to ongoing earnings season and global uncertainties, especially tariff-related developments. We advise investors to adopt a balanced strategy focusing on defensive sectors like consumer goods and healthcare for stability, while selectively increasing exposure to domestic manufacturing sectors poised to benefit from shifting supply chains and potential policy support. Government-focused sectors like defence, renewable energy, and electric vehicle (EV) can be also considered to look into for long-term investment. What about financials? Given the current environment, the focus remains on domestic businesses, particularly within the financial sector. Banks, non-bank lenders, and other financial services continue to present compelling opportunities due to their strong fundamentals and growth potential. This sector's robust performance and critical role in the economy make it a key area of interest. How would you assess India Inc.'s performance in the March 2025 quarter (Q4-FY25)? India Inc.'s Q4-FY25 is likely to see revenue grow by 5-6 per cent, which was accelerated by consumer-driven sectors. The overall revenue for FY25 is estimated at 5 per cent, which is likely to be driven by strong performance in consumer-driven sectors like consumer discretionary products, services, and retail. The automobile sector's revenue is likely to grow 6 per cent in FY25, as retail momentum for passenger vehicles picked up and realizations rose owing to a change in the product mix and an increasing share of exports. Despite relatively flat revenue growth, operating profit margins are expected to widen, potentially reaching 8 per cent.
