Latest news with #ConsumerDurables
Mint
28-05-2025
- Business
- Mint
Indian stock market: Can Nifty 50 break 25K hurdle this weak or more pain ahead?
Stock market today: Indian indices - Sensex and Nifty - opened on a flat note in Wednesday's trading session, despite positive market buzz in US and Asian peers. At the beginning of the trading session, the BSE Sensex stood at 81,457.61, registering a drop of 94 points or 0.12%, while the NSE Nifty 50 opened slightly higher at 24,832.50, up by 6.30 points or 0.03%. In the initial trading hour on the NSE, the Nifty FMCG index declined by approximately 1.22%, making it the worst-performing sector, followed by losses in Metal, Consumer Durables, and Auto. On the other hand, Nifty IT gained 0.5%, leading the advancing sectors, with Nifty PSU Bank and Nifty Realty each rising by 0.3%. On Tuesday, both indices fell more than 1 per cent due to weak global cues and heavy profit booking ahead of monthly expiry. The NSE Nifty declined by 0.7%, dropping 174.95 points to close at 24,826.20, while the BSE Sensex slipped 0.8%, falling 624.82 points to end at 81,551.63. "The nifty ended lower yesterday in a rather volatile trading session. Technically speaking, 24462 remains a critical swing low. If it holds - and this is the preferred view - the market will target first resistance at 25116 and then 25390. On the other hand, should 24462 break, a "rising wedge" pattern will be activated, with a downside target set near the 23900 - 24000 area. We mentioned 24822 yesterday as important short-term support, and despite falling below this level, the index closed slightly above it. The message is that this level remains important tactically. Meanwhile, the global macro picture and market sentiment remain supportive, especially with President Trump extending the deadline for EU tariffs to the 9th of July," said Akshay Chinchalkar, Head of Research, Axis Securities. Riyank Arora, Technical Analyst at Mehta Equities Ltd, says that Nifty 50 is currently navigating a crucial juncture, with the 25,000 mark acting as a psychological and technical hurdle. Despite recent attempts, the index has struggled to sustain momentum above this level. The immediate resistance lies at 25,100–25,150, and only a decisive breakout above this zone, backed by strong volumes, can signal a fresh leg of the rally. Until then, upside moves may face selling pressure from short-term traders booking profits near resistance. On the downside, the 24,700 level remains a key support. A breach below this level could trigger a deeper correction, potentially dragging the index toward lower support zones around 24,500, according to Arora. 'With the market showing signs of indecisiveness and global cues adding to volatility, traders should stay cautious. For now, Nifty needs to hold above 24,700 and convincingly break past 25,150 for any meaningful upward momentum to resume,' Arora added. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Hans India
26-05-2025
- Business
- Hans India
Expect choppy sessions as monthly expiry nears
During the previous week, the equity indices consolidate in the range. The benchmark indices declined just 166.65 points or 0.67 per cent. The BSE Sensex is down by 0.74 per cent. The Midcap-100 was down by 0.65 per cent, and the Smallcap-100 gained by 0.47 per cent. On the sectoral front, the Nifty Realty index is the top gainer with 2.66 per cent, followed by Metal with 0.52 per cent. On the flipside, the Consumer Durables index is down by 2.16 per cent. and Auto is declined by 1.83 per cent. The IT declined by 1.50 per cent. The India VIX is up by 4.40 per cent to 17.28. The market breadth is mostly positive. The FIIs bought Rs.12,191.61 crore this month. The DIIs bought Rs.34,497.56 crore worth of equities. The benchmark index took a breather after a thousand-point rally in the previous week. It consolidated within the previous week's range and formed an inside bar. The Nifty took support at the 20 DMA and bounced. The trend strength is still stronger, as the index did not violate the prior week's low and key support levels. The counter-trend consolidations are common after an impulse move. After last Thursday's massive 395-point gain, the volumes are declining. Interestingly, the down days attracted more volume than the up days. It registered two distribution days. Currently, the Nifty holds six distribution days, which is on the higher side. With this number of distribution days, if the index trades below key supports or the 50 DMA, it would confirm a downtrend. But it is trading above all key short and long-term averages. The 20 and 50 DMAs are in the uptrend, which shows the trend is not in danger. If it declines below the previous week's low of 24462, it will give weaker signals. As the monthly expiry is approaching, expect a spike in volatility. For a strong bullish bias to emerge, the Nifty must move above 25116 and close decisively. Above this the 25307 is the nearest target. The Nifty may not breach the 24300-378 zone support but may trade with high volatility. In any case, the Nifty closes below this zone, the 50-week average will act as strong support. The RSI is in the neutral zone in all time frames. The Weekly MACD line is above the zero line. The market may enter into a time correction, as long as there is no leg of trending moves. The 25100-310 will be a Herculean task to be violated. As long as the Nifty trades between the 24300-25100 range, stay with a neutral bias. The sector and stock rotation will be in focus. Focus on the stronger relative strength and momentum stocks. All the profitable trades must be protected with strict stop losses and keep leveraged positions should be kept at modest levels. Stay cautiously optimistic next week. (The author is partner, Wealocity Analytics, Sebi-registered research analyst, chief mentor, Indus School of Technical Analysis, financial journalist, technical analyst and trainer)
Yahoo
25-05-2025
- Business
- Yahoo
Toll Brothers Second Quarter 2025 Earnings: Beats Expectations
Revenue: US$2.74b (down 3.5% from 2Q 2024). Net income: US$352.4m (down 27% from 2Q 2024). Profit margin: 13% (down from 17% in 2Q 2024). The decrease in margin was primarily driven by lower revenue. EPS: US$3.53 (down from US$4.60 in 2Q 2024). Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue exceeded analyst estimates by 9.9%. Earnings per share (EPS) also surpassed analyst estimates by 24%. Looking ahead, revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Consumer Durables industry in the US. Performance of the American Consumer Durables industry. The company's shares are down 2.8% from a week ago. We should say that we've discovered 1 warning sign for Toll Brothers that you should be aware of before investing here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
24-05-2025
- Business
- Yahoo
Cavco Industries Full Year 2025 Earnings: EPS Misses Expectations
Revenue: US$2.02b (up 12% from FY 2024). Net income: US$171.0m (up 8.4% from FY 2024). Profit margin: 8.5% (down from 8.8% in FY 2024). The decrease in margin was driven by higher expenses. EPS: US$20.97 (up from US$18.55 in FY 2024). We check all companies for important risks. See what we found for Cavco Industries in our free report. All figures shown in the chart above are for the trailing 12 month (TTM) period Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.6%. Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 2 years, compared to a 4.2% growth forecast for the Consumer Durables industry in the US. Performance of the American Consumer Durables industry. The company's shares are down 10% from a week ago. Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. See our latest analysis on Cavco Industries' balance sheet health. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Economic Times
22-05-2025
- Business
- Economic Times
Shankar Sharma cites Virat Kohli's career, offers a cautionary note on making market predictions
In the world of financial markets, drawing parallels from other domains can offer good insights. Ace investor Shankar Sharma recently invoked the illustrious cricketing journey of Virat Kohli to underscore the dangers of making linear projections based on peak performances. ADVERTISEMENT Reflecting on the period between 2016 and 2019, when Kohli was at the peak of his career, Sharma noted that many anticipated the cricketer would amass 60 to 70 centuries, maintaining an average of 60. However, as time unfolded, various factors influenced Kohli's trajectory, reminding enthusiasts and analysts alike that life seldom adheres to straight-line progressions. Sharma's analogy serves as a stark reminder for investors: projecting market returns or GDP growth based solely on current highs can be misleading. Just as an athlete's performance can fluctuate due to myriad factors, so too can economic indicators and market perspective gains further relevance considering recent market dynamics. After a correction for over six months, the Indian stock markets witnessed an upward run following Donald Trump's pause in tariffs. But then, the market is again back to consolidating mode with a downward bias. On Thursday, the Sensex plummeted by over 600 points, and the Nifty dipped below the 24,650 mark. This decline was attributed to global concerns, including apprehensions about the US fiscal health and rising Treasury yields, leading to widespread losses across sectors like Auto, FMCG, IT, Pharma, Consumer Durables, and Oil and Gas. ADVERTISEMENT From the Sensex firms, Mahindra & Mahindra, Bajaj Finserv, Tech Mahindra, Power Grid, ITC, Hindustan Unilever, Reliance Industries and Maruti were the biggest laggards. In such an environment, Sharma's counsel resonates deeply. Investors are reminded to approach forecasts with caution, understanding that markets, much like individual careers, are influenced by a complex interplay of factors, making linear projections from peaks a risky endeavor.
