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Business Standard
2 days ago
- Business
- Business Standard
GRSE, BDL among 9 defence stocks up over 70% in 2 mths; time to book gains?
Shares of Indian defence-related companies have witnessed a spectacular bull-run on the BSE and the NSE in the last two months, with the success of ' Operation Sindoor ' adding fire-power to already pumped-up shares in the month of May. The NSE Nifty Defence index has zoomed as much as 59 per cent from its April 7 low of 5,645 to the current 8,970 levels. In comparison, the NSE Nifty 50 index has gained 14 per cent in the same period. Among the Nifty Defence constituents - 50 per cent of the stocks i.e. 9 out of the 18 defence shares have zoomed more than 70 per cent in the last two months, shows ACE Equity data. Garden Reach Shipbuilders & Engineers (GRSE) is the top mover, the stock has soared 138 per cent. It is followed by Data Patterns (India), which has zoomed 114 per cent. Paras Defence And Space Technologies, Astra Microwave Products, Mishra Dhatu Nigam (Midhani), BEML, Bharat Dynamics (BDL), Cochin Shipyard and Solar Industries India are the other 7 stocks, up in the range of 70 - 98 per cent. Given the recent sharp rally, analysts recommend it won't be a bad idea to take home some profit off the table, but remain optimistic of the future growth prospects. Kranthi Bathini, director - equity strategy at WealthMills Securities says that defence stocks seem to be fully priced-in at current levels; hence taking some profits from the medium-to-short term seems advisable. On the downside, these stocks could correct between 15-20 per cent, the analyst said. However, the long-term outlook for defence stocks remains upbeat given India's focus on domestic manufacturing, coupled the with export market. The order book and earnings visibility looks very good for these companies, Kranthi added. That apart, post Operation Sindoor, analysts believe the Indian government may increase Budget outlay for the defence sector. Reports indicate that India's defence budget may receive an additional allocation of ₹50,000 crore under a supplementary budget. In the Union Budget presented on February 1, Finance Minister Nirmala Sitharaman had earmarked a record ₹6.81 trillion for the defence sector for FY26, an increase of 9.2 per cent when compared to the budget allotment of ₹6.22 trillion in FY25.
Time of India
3 days ago
- Business
- Time of India
Q4 Earnings, Monsoon, Rate Cuts: What's next for Indian markets?
The stock market swung between gains and profit-booking last week, driven by Q4 earnings, global cues, and selective FII activity. What lies ahead? We spoke to Kranthi Bathini, Equity Strategist, Wealthmills Securities on sector trends, key Nifty levels, and the surge in defence stocks. What should your strategy be amid rate cut hopes and monsoon forecasts? Let's take a look. Excerpts: Q. Last week, we saw a roller-coaster ride—driven by easing global tensions, profit booking, and underwhelming Q4 earnings. FIIs also played a key role. Can you break down what really happened? Kranthi Bathini : Yes, markets remained range-bound last week, swinging between 24,750 on the downside and 25,500 on the upside. We're at the fag end of the earnings season, and while there weren't any big surprises, LIC did stand out. It showed a positive breakout and strong guidance—sustaining above ₹1,000 could indicate momentum. Mid and small caps stole the limelight this week. Overall, Q4 earnings were decent—better than expected and showing year-on-year expansion. Despite geopolitical uncertainties, India's handling of tensions has reassured global investors. FIIs are now favouring India over the US due to greater clarity and resilience. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cimuncang: Beautiful New Senior Apartments with Two Bedrooms Senior Apartments | Search Ads Search Now Undo Q. Would you say our domestic economy has shown resilience despite the geopolitical issues, including border tensions? Kranthi: Absolutely. Domestic macros are strong—cooling inflation, early monsoons, and a growth-supportive environment. That's why, despite subdued Q4 results, markets are holding up well. Q. Which sectors stood out this week, and which lagged? Kranthi: Defence is the standout. It's riding on long-term fundamentals, not just geopolitical tensions. There's some froth due to excess investor interest, but any dip is a buying opportunity. Banking and financial services are also key picks, especially with expected rate cuts . Live Events Selective interest is also seen in IT and infra, though IT remains uncertain. Q. And what's your view on banks and NBFCs? Kranthi: Banks are doing well and remain FII favourites. They're at the core of India's growth story. However, IndusInd's recent corporate governance issue is a red flag and a reminder for better governance across the sector. NBFCs face short-term headwinds from RBI norms, but should benefit from rate cuts and credit growth in the medium term. Q. What should be the strategy for this week? Kranthi: We're in a 'buy on dips, sell on rally' market. Investors need to use trailing stop losses and avoid getting caught in temporary euphoria. Until Nifty decisively crosses 26,000, range-bound movement will continue. Q. What are some key triggers in the near term? Kranthi: Monsoon progress is crucial—it directly impacts economic activity. Globally, US policy volatility adds to uncertainty, especially on tariffs and interest rates. These factors drive short-term market sentiment and are hard to predict for retail investors. Q. What are the key Nifty levels to watch? Kranthi: Support is at 24,750. If Nifty sustains above 25,000, we could see positive momentum. A break below 24,750 may lead to downside, but strong liquidity—thanks to FIIs, DIIs, and retail—will likely ensure pullbacks. Dips remain buying opportunities.
Economic Times
27-05-2025
- Business
- Economic Times
Bitter-sweet ride: 10 sugar stocks outperform Nifty with up to 77% returns, but 18 sink as much as 36%
While the sugar sector has trailed the broader market over the past year, ten stocks have still managed to outperform the Nifty's 9% return, posting impressive double-digit gains of up to 77%. Expectations of lower sugar production supporting prices, along with the government's emphasis on ethanol blending, present compelling reasons for investor interest but the data indicates that not all stocks in the sector justify your investment. ADVERTISEMENT An analysis of 31 sugar stocks analysed by ETMarkets show only 13 stocks have managed to remain positive in the past 12 months leaving a bitter-sweet experience for the investors. The average returns of these 31 stocks stand at negative 3%, approximately. We have considered stocks which have a share price of Rs 20 or above and barring Kesar Enterprises (m-cap of Rs 73 crore), all others have a market capitalisation of over Rs 100 crore. Bannari Amman Sugars tops the chart with 77% returns and is followed by EID Parry (India) and Prudential Sugar Corporation which have delivered returns 54% and 49% returns, respectively over a 1-year period. Balrampur Chini Mills, Indian Sucrose, Triveni Engineering & Industries, Dalmia Bharat Sugar And Industries, Ravalgaon Sugar Farm, Magadh Sugar & Energy and KCP Sugar And Industries Corporation have returned between 47% and 10%. Meanwhile Uttam Sugar Mills, Mawana Sugars and Avadh Sugar & Energy have yielded single-digit returns up to 5%. ADVERTISEMENT There are 18 laggards in the pack with the sharpest fall seen in Dhampur Bio Organics, The Ugar Sugar Works and Kesar Enterprises which have fallen by 36%, 36% and 34%. The others including Dhampur Sugar Mills, Godavari Biorefineries, Dwarikesh Sugar Industries, Bajaj Hindusthan Sugar, Sakthi Sugars, Ponni Sugars (Erode), Piccadilly Sugar & Allied Industries, Shree Renuka Sugars, Rajshree Sugars & Chemicals, K.M. Sugar Mills, DCM Shriram Industries, SBEC Sugar, Dhampure Speciality Sugars, Zuari Industries and Sir Shadi Lal Enterprises have seen their share price erode by 34% and 1.5%. ADVERTISEMENT Calling the sugar sector as a cyclical sector, Kranthi Bathini, Director-Equity Strategy at WealthMills Securities said that the decision to invest in it should be based on multiple factors. One is a price sensitive sector whose prospects depend upon the production and supply, he said. Also, since it falls in the essential commodities category in India, the government cannot allow prices to keep spiralling irrespective of the demand-supply equation, Bathini said. ADVERTISEMENT Moreover, Indian prices track global prices which are largely dictated by Brazil which is the world's largest sugar producer, he added.A report by JM Financial said that India's sugar production estimate for sowing season 2025 continues to be revised downwards by industry bodies. "The latest net sugar production estimate by National Federation of Cooperative Sugar Factories (NFCSF) stood at 25.9MMT, lower than the previous estimate and sowing season 2024. In 4QFY25, domestic sugar prices have seen a sharp uptick as sugar mills have been raising domestic prices to offset fixed costs," the brokerage had noted, highlighting that sugar prices in key states are up 6-10% QoQ. ADVERTISEMENT According to the brokerage, the sugar segment profitability is likely to be robust in 4QFY25. Not all have declared their Q4FY25 earnings. In the gainers pack, five have declared their quarterly results viz. Uttam Sugar Mills, Avadh Sugar & Energy, Magadh Sugar & Energy, Dalmia Bharat Sugar And Industries and Balrampur Chini Mills. While Dalmia Bharat has reported a bottom line growth of 126% on a YoY basis which is highest in the pack, Balrampur Chini Mills has posted a 12% YoY uptick, lowest among its peers. The topline growth is 5% for Balrampur while 36% for Dalmia. The rest are within this range. The top three gainers i.e. Bannari, EID Parry and Prudential are yet to announce the results. Q4 results of laggards like Dhampur Bio Organics, Ugar Sugar and Dwarikesh Sugar Industries have also come strong. Ugar Sugar's revenue grew 30% YoY while its January-March FY25 quarter PAT surged 194% while Dwarikesh posted a 102% and 21% YoY PAT and sales growth. Meanwhile, Dhampur reported a 14% and 18% YoY uptick in PAT and the underperformers who reported a weak set of numbers is Shree Renuka Sugars (Revenue down 22% and PAT down 184% YoY). Bathini said that sugar stocks are not something which one can buy and forget but requires constant like Dhampur Sugar Mills, Godavari Biorefineries and Ponni Sugars have had a mixed quarter. Bathini said that investors should look for sugar stocks which have consistent revenue streams from multiple sources like ethanol, biofuels and liquor businesses. JM –Given there has been no upward revision in prices for ethanol from B-heavy and juice routes, distillery margin will likely be depressed in 4QFY25. Pranay Aggarwal, Director and CEO of Stoxkart believes that India's sugar sector is set to grow exponentially but in his view finding winners in this space will require some deep analysis. "The government is aggressively pushing toward ethanol blending, sugar mills now have a viable, profitable alternative to raw sugar output. The sector isn't just about producing a commodity anymore—it's about strategy, sustainability, and smart policymaking," he expert Om Ghawalkar remains positive about sugar stocks amid government focus and push on ethanol blending through policy support. 'In the ongoing 2024-25 sugar season, India has produced 257.44 lakh tonnes of sugar. Out of this, 27 lakh tonnes have already been used for ethanol production, and another 6–7 lakh tonnes are expected to be diverted by the end of the season. Domestic availability remains stable, with a strong buffer stock of 52–53 lakh tonnes. Sugar exports are capped at 8 lakh tonnes to ensure local needs are met,' he on the Technically many sugar stocks are finding support near their 21-day moving average, indicating potential stability or a bounce in prices ahead, he said, recommending investors to follow a strict risk management plan while taking fresh positions. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
27-05-2025
- Business
- Time of India
Bitter-sweet ride: 10 sugar stocks outperform Nifty with up to 77% returns, but 18 sink as much as 36%
Top gainers Live Events Biggest Laggards Triggers for sugar sector What should investors do? (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel While the sugar sector has trailed the broader market over the past year, ten stocks have still managed to outperform the Nifty 's 9% return, posting impressive double-digit gains of up to 77%. Expectations of lower sugar production supporting prices, along with the government's emphasis on ethanol blending, present compelling reasons for investor interest but the data indicates that not all stocks in the sector justify your analysis of 31 sugar stocks analysed by ETMarkets show only 13 stocks have managed to remain positive in the past 12 months leaving a bitter-sweet experience for the investors. The average returns of these 31 stocks stand at negative 3%, have considered stocks which have a share price of Rs 20 or above and barring Kesar Enterprises (m-cap of Rs 73 crore), all others have a market capitalisation of over Rs 100 crore. Bannari Amman Sugars tops the chart with 77% returns and is followed by EID Parry (India) and Prudential Sugar Corporation which have delivered returns 54% and 49% returns, respectively over a 1-year Chini Mills, Indian Sucrose, Triveni Engineering & Industries, Dalmia Bharat Sugar And Industries, Ravalgaon Sugar Farm , Magadh Sugar & Energy and KCP Sugar And Industries Corporation have returned between 47% and 10%. Meanwhile Uttam Sugar Mills, Mawana Sugars and Avadh Sugar & Energy have yielded single-digit returns up to 5%.There are 18 laggards in the pack with the sharpest fall seen in Dhampur Bio Organics , The Ugar Sugar Works and Kesar Enterprises which have fallen by 36%, 36% and 34%.The others including Dhampur Sugar Mills, Godavari Biorefineries, Dwarikesh Sugar Industries, Bajaj Hindusthan Sugar, Sakthi Sugars, Ponni Sugars (Erode), Piccadilly Sugar & Allied Industries, Shree Renuka Sugars, Rajshree Sugars & Chemicals, K.M. Sugar Mills, DCM Shriram Industries, SBEC Sugar, Dhampure Speciality Sugars, Zuari Industries and Sir Shadi Lal Enterprises have seen their share price erode by 34% and 1.5%.Calling the sugar sector as a cyclical sector, Kranthi Bathini, Director-Equity Strategy at WealthMills Securities said that the decision to invest in it should be based on multiple factors. One is a price sensitive sector whose prospects depend upon the production and supply, he said. Also, since it falls in the essential commodities category in India, the government cannot allow prices to keep spiralling irrespective of the demand-supply equation, Bathini Indian prices track global prices which are largely dictated by Brazil which is the world's largest sugar producer, he added.A report by JM Financial said that India's sugar production estimate for sowing season 2025 continues to be revised downwards by industry bodies. "The latest net sugar production estimate by National Federation of Cooperative Sugar Factories (NFCSF) stood at 25.9MMT, lower than the previous estimate and sowing season 2024. In 4QFY25, domestic sugar prices have seen a sharp uptick as sugar mills have been raising domestic prices to offset fixed costs," the brokerage had noted, highlighting that sugar prices in key states are up 6-10% to the brokerage, the sugar segment profitability is likely to be robust in all have declared their Q4FY25 earnings. In the gainers pack, five have declared their quarterly results viz. Uttam Sugar Mills, Avadh Sugar & Energy, Magadh Sugar & Energy, Dalmia Bharat Sugar And Industries and Balrampur Chini Dalmia Bharat has reported a bottom line growth of 126% on a YoY basis which is highest in the pack, Balrampur Chini Mills has posted a 12% YoY uptick, lowest among its peers. The topline growth is 5% for Balrampur while 36% for Dalmia. The rest are within this top three gainers i.e. Bannari, EID Parry and Prudential are yet to announce the results.Q4 results of laggards like Dhampur Bio Organics, Ugar Sugar and Dwarikesh Sugar Industries have also come strong. Ugar Sugar's revenue grew 30% YoY while its January-March FY25 quarter PAT surged 194% while Dwarikesh posted a 102% and 21% YoY PAT and sales growth. Meanwhile, Dhampur reported a 14% and 18% YoY uptick in PAT and the underperformers who reported a weak set of numbers is Shree Renuka Sugars (Revenue down 22% and PAT down 184% YoY).Bathini said that sugar stocks are not something which one can buy and forget but requires constant like Dhampur Sugar Mills, Godavari Biorefineries and Ponni Sugars have had a mixed said that investors should look for sugar stocks which have consistent revenue streams from multiple sources like ethanol, biofuels and liquor –Given there has been no upward revision in prices for ethanol from B-heavy and juice routes, distillery margin will likely be depressed in Aggarwal, Director and CEO of Stoxkart believes that India's sugar sector is set to grow exponentially but in his view finding winners in this space will require some deep analysis. "The government is aggressively pushing toward ethanol blending, sugar mills now have a viable, profitable alternative to raw sugar output. The sector isn't just about producing a commodity anymore—it's about strategy, sustainability, and smart policymaking," he expert Om Ghawalkar remains positive about sugar stocks amid government focus and push on ethanol blending through policy support.'In the ongoing 2024-25 sugar season, India has produced 257.44 lakh tonnes of sugar. Out of this, 27 lakh tonnes have already been used for ethanol production, and another 6–7 lakh tonnes are expected to be diverted by the end of the season. Domestic availability remains stable, with a strong buffer stock of 52–53 lakh tonnes. Sugar exports are capped at 8 lakh tonnes to ensure local needs are met,' he on the Technically many sugar stocks are finding support near their 21-day moving average, indicating potential stability or a bounce in prices ahead, he said, recommending investors to follow a strict risk management plan while taking fresh positions.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
India Today
22-05-2025
- Business
- India Today
Covid cases surge in India: Will it trigger a stock market crash?
The market rally on Dalal Street came to a pause on Thursday against the backdrop of rising Covid-19 cases in India and other parts of Asia as both Sensex and Nifty saw a sharp S&P BSE Sensex had dropped by over 900 points to 80,681.76, while the NSE Nifty50 was down 266 points at 24,547.45 as of 12:45 pm. The fall in the market comes after days of strong recent decline in the stock market has come at a time when Covid-19 cases are slowly increasing again. Kerala has reported 182 cases in May alone, while cities like Mumbai, Chennai and Ahmedabad have seen small but noticeable spikes in India, several Asian countries have also seen a rise in cases. Hong Kong, Singapore and Thailand are currently reporting more infections, sparking concerns that the virus might be making a slow COVID BEHIND THE MARKET DROP?The fall in the markets has raised the question: Should investors worry about the rising Covid cases?Kranthi Bathini, Equity Strategist at WealthMills Securities Pvt Ltd, said that the early signs of rising cases could be one reason behind the fall in some sectors."There is a sense of worrying factor there. That is the reason we can see some kind of an uptick in healthcare, diagnostic stocks and also in pharma stocks,' he added, 'Whether it is just the beginning or a sign of something bigger, we will have to wait and see. Right now, it is premature to say anything definite about Covid cases because numbers are still low and mostly in single digits in many states. The next few weeks will be important to watch.'Bathini also pointed out that the overall market conditions remain stable."The market has outperformed in the last month after touching a high of 25,500 range. What we are witnessing is some kind of profit booking because of global cues, US debt worries and also US downgrades, which is creating pressure on the market in the short to medium term."He explained that Nifty seems to be forming a base between 24,500 and 25,000.'We had a decent earnings season. There were no major negative surprises. There is stock-specific action happening now as we are at the far end of the earnings season,' he there is some concern, experts say there is no need to panic yet.'Investors are a bit more seasoned now when it comes to COVID news. Pharma might see some defensive interest, but overall, market fundamentals remain strong. Volatility? Maybe. Panic? Unlikely,' said Trivesh, COO of Tradejini.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)Must Watch advertisement
