Latest news with #Nifty100
Time of India
a day ago
- Business
- Time of India
Metals lead in profit growth: Know how various sectors of Nifty 100 index performed over the last 8 quarters
Source: Reuters-Refinitiv. Numbers in brackets are the number of companies in each sector. 95 companies of the Nifty100 index are considered for the analysis. LP: Loss to profit. PL: Profit to loss. Nifty 100 index represents about 67% of the free float market capitalisation of the stocks listed on NSE at the end of March 2025. Earnings growth slows amid weak demand The weakness in consumption and demand is evident in the earnings performance of the Nifty 100 index, with 95 out of 100 companies reporting an aggregate consolidated net profit growth of just 12.7% year-on-year. While the performance appears better when compared to the December 2024 quarter, with 10.9% growth, there is a marked decline compared to the 23.5% growth in the March 2024 quarter. The metals sector, particularly steel companies, delivered strong performance driven by lower raw material costs and a seasonal rise in demand from the construction industry. In contrast, the construction materials (cement) sector faced headwinds from both demand and rising costs. However, the sector's overall growth was supported by solid earnings from Grasim and UltraTech Cement . The banking sector's performance was dragged down by IndusInd Bank , which reported a consolidated net loss amid higher provisions and lower interest income. The financials sector reported a modest performance, aided by healthy growth in disbursements. The IT sector continues to see challenges amid global uncertainties. The sector is seeing stress in multiple verticals, including manufacturing, automotive, retail, and logistics. Live Events The consumer staples sector showed mixed results—rural demand improved, but urban slowdown and input cost pressures weighed on performance. A 210% profit jump in the Nifty 100 was largely driven by ITC 's exceptional gains from its hotel business sale. Among the largest five heavyweight stocks of the Nifty 100 index, Bharti Airtel , ICICI Bank and HDFC Bank reported the highest year-on-year growth in the consolidated net profits of 432%, 15.7% and 6.9% respectively.
India Gazette
4 days ago
- Business
- India Gazette
Nifty, Sensex open flat ahead of RBI policy decision; broader indices gain, sectoral trend mixed
New Delhi [India], June 6 (ANI): Indian stock markets opened on a cautious note on Friday, as investors remained in a wait-and-watch mode ahead of the Reserve Bank of India's key monetary policy announcement. The policy decision is scheduled to be announced at 10 AM. The benchmark indices reflected this cautious mood. The Nifty 50 opened at 24,748.70, down just 2.20 points or 0.01 per cent. Similarly, the BSE Sensex also opened flat at 81,434.24, down 7.80 points or 0.01 per cent. Experts believe that any decision on the policy rate could significantly influence the market sentiment, especially if there is a larger-than-expected rate cut. Market experts are closely watching the RBI's Monetary Policy Committee (MPC) decision, with expectations divided between a 25 basis points (bps) and a 50 bps rate cut. A 50 bps cut, they say, could give a strong boost to market sentiment and trigger a rally post the announcement. In the broader market, indices showed a slightly positive tone. The Nifty 100 also opened flat in green, while the Nifty Midcap 100 and Nifty Smallcap 100 gained 0.33 per cent each. Volatility in the Indian markets declined, with the India VIX falling more than 4 per cent, suggesting reduced investor nervousness ahead of the RBI announcement. Among sectoral indices on the NSE, the trend was mixed. Except for Nifty Private Bank, all other sectors opened in the green. Nifty Media shares gained 0.33 per cent, Nifty Metal rose by 0.36 per cent, and Nifty Auto increased 0.16 per cent. The Nifty IT index remained largely flat, up by 0.07 per cent. Ajay Bagga, Banking and Market Expert, told ANI, 'In India, markets are treading water, waiting for the 10 AM RBI MPC meeting outcome. We expect a 25 bps rate cut, though some analysts are calling for a 50 bps rate cut on the back of in control consumer inflation, subdued growth in credit offtake, good monsoon prospects which should keep inflation in check, and a falling US dollar which has provided relief to EM currencies and allowed a large cross-section of Central banks to cut rates this year. Markets will rally post the RBI announcement. The next big event will be the US May non-farm payrolls data, which will show some direction to the bond markets and will impact stock market sentiments.' In other Asian markets, a mixed trend was observed. Japan's Nikkei 225 gained 0.47 per cent, Singapore's Straits Times rose 0.14 per cent, and Indonesia's Jakarta Composite was up 0.63 per cent. Hong Kong's Hang Seng index increased by 0.19 per cent. However, the Taiwan Weighted index declined marginally by 0.08 per cent at the time of filing this report. (ANI)
Mint
6 days ago
- Business
- Mint
Expert view: Market valuation looks stretched; maintain a 5–10% allocation to gold, says Rishabh Nahar of Qode Advisors
Expert view on markets: Rishabh Nahar, Partner and Fund Manager at Qode Advisors, is reducing the overall market exposure and shifting focus to select unique stock ideas where he still sees strong earnings momentum and low volatility, offering a good balance of risk and reward. In an interview with Mint, Nahar shares his views on market valuations, sectors to watch and strategy for gold. Here are edited excerpts of the interview: We are watching the post-Q1 rebound not just as a statistical uptick, but as confirmation of our momentum signals realigning after a brief drawdown. The 4 per cent YTD (year-to-date) gain in the Nifty 50 versus nearly 10 per cent in the S&P 500 and nearly 8 per cent in MSCI EM tells us that Indian mid- and small-caps were oversold earlier in the year. Once breadth improved and volatility cooled, our trend-following algorithms signalled a switch from defensives back into risk-on trades, which helped us capture that steady grind higher through May. Looking ahead, I expect this orderly advance to persist so long as corporate earnings surprises remain positive and global macro risks stay contained. From a risk‐management standpoint, we'll maintain a modest volatility skirt around key support levels and hedge if our downside‐break thresholds are breached, but for now, the models favour staying long the market's run. On valuations, our factor overlays highlight that forward PEs near 20 times sit at multi-year highs, which historically compress future excess returns. Quantitatively, this means our valuation screens are flagging fewer new buys at the index level, and instead we're tilting toward sectors where our earnings-growth forecasts outpace implied growth baked into current prices. In practice, we're lowering our broad‐market risk budget and reallocating it to idiosyncratic ideas, where our earnings‐revision models and low‐volume screens still show attractive risk–reward profiles. In sum, while broad-market returns may settle into mid-single digits from here, a disciplined factor blend and rigorous risk controls should allow us to outperform that baseline. Quarter-four earnings paint a picture of breadth rather than brilliance. Across the top 500 listed companies, median profit after tax advanced roughly 10 per cent quarter-on-quarter while sales rose about 5 per cent, with 69 per cent of firms posting positive profit growth. Crucially, the dispersion favoured the interior of the market-cap curve: mid- and small-cap names delivered profit growth north of 20 per cent, versus low-single-digit advances for large-caps. Factor diagnostics we run internally, profit revision momentum, sales acceleration, and operating-leverage screens, confirm that the earnings pulse is strongest in capital goods, select metals, and telecom, where pricing power and execution gains are translating cleanly into cash flow. At the index level, the Nifty 100 'beat-or-meet' ratio has climbed back to 51 per cent, the best reading since mid-2023. This indicates that analysts' downgrades earlier in the year have finally reset the bar to achievable levels. Taken together, the quarter shows that profit growth is broad-based enough to sustain the cycle, but not yet explosive enough to justify fresh multiple expansion on its own. Looking ahead, the market's next leg higher still hinges on a handful of catalysts that are measurable in our models but uncertain in their timing. Foremost is monetary policy: with headline CPI drifting below the Reserve Bank of India's 4 per cent midpoint, the window has opened for an initial 25- to 50-basis-point cut; a sustained easing cycle would lower discount rates and support rate-sensitive factors such as quality growth and housing proxies. A second variable is the monsoon, which the IMD now projects at 106 per cent of the long-period average. Early rainfall could revive rural purchasing power and lift two-wheeler, FMCG and agro-inputs volumes into the festival season. Third, clarity on US-India trade rules, especially around technology transfer and critical minerals, would help de-risk export-linked earnings streams. Finally, corporate capex intent remains high on survey data but is yet to translate into hard spend; a visible pick-up in order books would underpin earnings trajectories for FY 26-27. Valuations, meanwhile, leave little cushion: the Nifty trades near 22 times forward earnings, or roughly one standard deviation above its decade average, so any disappointment on these triggers could compress multiples. That is why, despite our constructive three- to five-year view on India's structural story, we continue to run fully invested but factor-balanced books tilting toward companies with improving earnings revision momentum, clean balance-sheets and demonstrable pricing power, while hedging outliers through disciplined risk overlays rather than trying to time six- or twelve-month index levels that, in truth, no one can consistently forecast. The Indian defence industry has demonstrated strong engineering capabilities in recent military operations and benefits from steady domestic demand alongside growing export opportunities. While the military-industrial complex is well-positioned to become a significant contributor to the economy, it is challenging to determine whether this optimism is already reflected in current valuations and whether the sector can deliver truly outsized returns going forward. We no longer distinguish between PSU and private banks—both segments have delivered strong returns in the past when operating performance was robust and valuations were attractive. Our focus today is on identifying banks whose future growth prospects are meaningfully underappreciated by the market. At this juncture, we do not see any banking stocks offering that degree of asymmetry. While many banks remain solid businesses, none currently meet the elevated return expectations or risk–reward thresholds we require for new convictions. One compelling growth driver is the ongoing US–China trade tensions, which have spurred higher import tariffs and stricter regulatory scrutiny on Chinese pharmaceutical suppliers. India's well-established API manufacturing base, combined with a rising focus on differentiated products and biosimilars, positions Indian pharma companies to capture these displaced volumes in regulated markets. By moving up the value chain—from pure generics to high-complexity formulations and speciality injectables—Indian firms can secure premium pricing, deepen customer relationships, and meaningfully increase their US market share over the next two years. We advocate maintaining a 5–10 per cent strategic allocation to gold across all time horizons. This positioning serves as an effective hedge against inflation, negative real rates, and geopolitical uncertainty. We recommend adding to positions on meaningful pullbacks, as even a modest allocation can help dampen the volatility of an equity-heavy portfolio. Read all market-related news here Read more stories by Nishant Kumar 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, as market conditions can change rapidly, and circumstances may vary.
Economic Times
22-05-2025
- Business
- Economic Times
Large & midcaps give a photo finish on 1-year returns, smallcaps trail by margin
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Largecap leaders Midcap masters Tired of too many ads? Remove Ads Small wonders Trends Valuations: Largecaps Vs Midcaps Vs Smallcaps It is a photo finish for large and midcap stocks in terms of returns over a 1-year period. The index returns of Nifty 100 and Nifty Midcap 100 remain neck-to-neck, though there is a slight edge enjoyed by the latter. In contrast, the Nifty Smallcap trails by a significant the 50-stock Nifty has a superior 12-month return of 10%, a comparison of top 100 stocks represented by Nifty 100, Nifty Midcap 100 and Nifty Smallcap 100 is a more like-to-like returns of Nifty 100 index stood at 7.4% as on May 20, 2025 and in this 53 stocks have delivered positive returns up to 64% while 44 stocks are in the red, falling by up to 57%. Meanwhile, the returns of Nifty Midcap 100 over a 12 month period stood at 8.3% with 48 stocks moving in the positive territory and 47 stocks were found to be trading in the for the Nifty Smallcap 100, the index has risen by 2.8% in the past one year with positive returns by 52 stocks while 42 stocks slipped into the red. Six stocks have not completed one year of data does not include changes of the past trading session and today's session as the latest data will be updated after market closing the Nifty 100 index, there are 34 stocks which have given double digit returns over a 1-year period and in this 20 stocks have given returns of 20% or more viz. Divi's Laboratories, Bajaj Holdings & Investment, Bharat Electronics (BEL), Shriram Finance, Bajaj Finance, Bharti Airtel, 34.22, The Indian Hotels Company (IHCL), United Spirits, HDFC Life Insurance Company, HDFC Bank, ICICI Bank, Bajaj Finserv, Cholamandalam Investment and Finance Company, TVS Motor Company, Interglobe Aviation (Indigo), Kotak Mahindra Bank, HCL Technologies, Mahindra & Mahindra, SBI Life Insurance Company and Tech the biggest laggards were Punjab National Bank (PNB), Varun Beverages, Indian Railway Finance Corporation (IRFC), Tata Motors, JIO Financial Services, REC, ABB India, IndusInd Bank, Adani Green Energy and Siemens which have fallen between 20% and 57%.Meanwhile, Swiggy, Bajaj Housing Finance and Hyundai Motor India have not completed 1 year of listing. Swiggy, which was listed on November 13, 2024 is trading 20% below its issue price of Rs 390. Meanwhile, Bajaj Housing Finance, which was listed on September 16, 2024 is trading 77% higher over the listing price of Rs 70. Hyundai Motor India got listed on October 22, 2024 and its shares are 2.5% lower from the upper price bank of Rs 1, the index level, the Nifty 100 index has given 7.8% returns in the past 12 the Midcap 100 index, 33 stocks have given double-digit returns while three counters have turned multibaggers viz. BSE, One 97 Communications (Paytm) and Mazagon Dock Shipbuilders yielding 164%, 147% and 132%, stocks in the top 20 list include Dixon Technologies (India), Bharti Hexacom, Coforge, Persistent Systems, Solar Industries India, Bharat Dynamics, Jubilant FoodWorks, Suzlon Energy, Rail Vikas Nigam (RVNL), Glenmark Pharmaceuticals, Max Healthcare Institute, Max Financial Services, Page Industries, Kalyan Jewellers India, SRF, UPL and Motilal Oswal Financial Services (MOFSL) which have delivered between 85% and 27% the biggest laggards are Steel Authority Of India (SAIL), Adani Total Gas, IRB Infrastructure Developers, Indian Railway Catering And Tourism Corporation (IRCTC), Tata Technologies, Hindustan Zinc, Supreme Industries, Container Corporation Of India, Astral and Vodafone Idea which have declined between 28% and 51%.Vishal Mega Mart, NTPC Green Energy, Premier Energies, OLA Electric Mobility and Waaree Energies have not completed one year of Energies has had a stellar run since its listing and has turned multibagger with 140% growth over the issue price of Rs 450. The next top performer is Waaree with 101% rise over the issue price of Rs 1,503. Vishal has delivered 57% returns over the issue price of Rs 78 while Ola Electric has declined 33% from its issue price of Rs have remained wary of smallcaps amid valuations concerns, preferring large and midcaps while remaining selective on this Electroplast (275%), Garden Reach Shipbuilders & Engineers (GRSE, 112%) and Godfrey Phillips India (107%) are only like Zen Technologies, Firstsource Solutions, Kaynes Technology India, Neuland Laboratories, Reliance Power, Aster DM Healthcare, Amber Enterprises India, Multi Commodity Exchange (MCX), Chambal Fertilisers and Chemicals, Radico Khaitan, Aegis Logistics, PCBL Chemical, Shyam Metalics And Energy, KFin Technologies, PNB Housing Finance, Nuvama Wealth Management and Piramal Pharma which have given between 97% and 38% biggest laggards include PVR Inox, Sonata Software, Trident, Cyient, Swan Energy, Titagarh Rail Systems, Ircon International, Birlasoft, Tejas Networks and Hindustan Copper which have seen their share price erode by 27%-42%.Among the stocks that are trading below the issue price are Afcons Infrastructure, Brainbees Solutions (Firstcry) and International Gemmological Institute (India). Meanwhile, Go Digit General Insurance (21%), Inventurus Knowledge Solutions (19%) and Sagility India (46%) are trading above the upper price Read: FII return sees Rs 46,000 crore buying spree, likely prefer largecaps vs broader market stocks. Here's why Markets have displayed resilience after the pause of Trump tariffs on April 9, 2025 and led a comeback of the Foreign Institutional Investors (FIIs) which has helped market Investments' VK Vijayakumar explains how largecap superiority has dominated the institutional mind off-late. He said that there is a big shift in market preference in favour of largecaps away from overvalued segments of mid and smallcaps is significant. FIIs are mainly buying largecaps and this trend can continue, he Sharma, CEO and Fund Manager at Whitespace Alpha said that smallcaps have remained in preference for retail investors and domestic mutual fund story at this point, with FIIs staying cautious due to elevated valuations and limited liquidity Financial in a note said that large, mid and small cap indices are all trading one standard or more above the mean, which implies that absolute valuations are not cheap. "Looking at FY26E absolute P/E, one might interpret that relatively midcaps are the most expensive (Nifty Midcap 100 at 29.3x), followed by small caps (Nifty Smallcap at 25.2x), and large caps being the cheapest (Nifty50 at 20.6x)," a brokerage note the note also sees midcaps to be the cheapest (Nifty Midcap 100 at 1.3x) in terms of FY26E PEG followed by small caps (Nifty Smallcap 100x at 1.7x) and the largecaps being the most expensive (Nifty50 at 1.9x).(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
22-05-2025
- Business
- Time of India
Large & midcaps give a photo finish on 1-year returns, smallcaps trail by margin
Midcaps slightly outperformed largecaps over the past year, while smallcaps lagged. FIIs leaned toward largecaps amid valuation pressures in broader markets. Live Events Largecap leaders Find this comment offensive? Choose your reason below and click on the Report button. This will alert our moderators to take action Name Reason for reporting: Foul language Slanderous Inciting hatred against a certain community Others Your Reason has been Reported to the admin. Stories you might be interested in It is a photo finish for large and midcap stocks in terms of returns over a 1-year period. The index returns of Nifty 100 and Nifty Midcap 100 remain neck-to-neck, though there is a slight edge enjoyed by the latter. In contrast, the Nifty Smallcap trails by a significant the 50-stock Nifty has a superior 12-month return of 10%, a comparison of top 100 stocks represented by Nifty 100, Nifty Midcap 100 and Nifty Smallcap 100 is a more like-to-like returns of Nifty 100 index stood at 7.4% as on May 20, 2025 and in this 53 stocks have delivered positive returns up to 64% while 44 stocks are in the red, falling by up to 57%. Meanwhile, the returns of Nifty Midcap 100 over a 12 month period stood at 8.3% with 48 stocks moving in the positive territory and 47 stocks were found to be trading in the for the Nifty Smallcap 100, the index has risen by 2.8% in the past one year with positive returns by 52 stocks while 42 stocks slipped into the red. Six stocks have not completed one year of data does not include changes of the past trading session and today's session as the latest data will be updated after market closing the Nifty 100 index, there are 34 stocks which have given double digit returns over a 1-year period and in this 20 stocks have given returns of 20% or more viz. Divi's Laboratories , Bajaj Holdings & Investment, Bharat Electronics (BEL), Shriram Finance Bharti Airtel , 34.22, The Indian Hotels Company (IHCL), United Spirits TVS Motor Company , Interglobe Aviation (Indigo), Kotak Mahindra Bank HCL Technologies , Mahindra & Mahindra, SBI Life Insurance Company and Tech Mahindra
