Latest news with #Nifty500
Mint
13 hours ago
- Business
- Mint
Top Losers and Gainers on July 29: Apar Industries, Tata Chemicals, Welspun Corp, Birlasoft among top gainers today
Indian equities ended Tuesday's trading session higher after a range-bound trade, snapping a three-day losing streak that had pushed the benchmark indices to a six-week low. The rally was led by select heavyweights, including Reliance Industries and HDFC Bank, which helped markets stage a strong rebound. Markets opened flat and remained volatile during the first half but gained momentum in the second half, with the Nifty 50 ending the trade with a gain of 0.57% to 24,821 points, while the S&P BSE Sensex jumped 469 points or 0.58% to 81,360. The sustainability of the rally will depend on an improvement in upcoming earnings, as the first batch of Nifty 50 results has been muted, and on clarity over a potential trade deal between the US and India, which continues to weigh on sentiment. US President Donald Trump has recently finalized trade agreements with major partners, largely favoring the US. Negotiations between India and the United States remain deadlocked over tariff cuts on agriculture and dairy products, dimming hopes of a trade deal ahead of Trump's August 1 deadline, Reuters reported last week, citing two Indian government sources. Trump said on Monday that most trading partners who do not negotiate separate deals would soon face tariffs of 15–20% on exports to the US, significantly higher than the 10% tariff imposed in April. Meanwhile, US and Chinese officials concluded the first of two days of talks aimed at extending their tariff truce beyond a mid-August deadline and exploring ways to maintain trade ties while safeguarding economic security. The muted June-quarter earnings season has also prompted overseas investors to turn aggressive sellers, with FPIs offloading ₹ 6,082 crore worth of stocks on Monday, marking their largest single-day selling in India since May 30, according to provisional data. Key market triggers this week include the Federal Reserve's rate decision, while the Bank of Japan is also set to announce its policy stance. Fed Chair Jerome Powell and his colleagues will begin a two-day meeting on Tuesday to deliberate on rates amid political pressure, evolving trade policy, and complex economic cross-currents. Traders currently see no change in US interest rates this week, while expecting a quarter-point rate cut in mid-September, with around 100 basis points of easing anticipated over the next 12 months. Several stocks witnessed a strong surge in demand on Dalal Street following the release of their June quarter earnings. Apar Industries emerged as the top gainer among Nifty 500 stocks, rallying 12% to ₹ 9,693 after the company reported a net profit of ₹ 263 crore in Q1 FY26, up from ₹ 203 crore in the same quarter of the previous fiscal year. Netweb Technologies also closed with a sharp gain of 8.17% at ₹ 1,975 apiece, resuming its winning streak seen earlier in July after the release of its June quarter results. Welspun Corp saw its stock jump 7.13% to ₹ 924 apiece after the company reported a 41% YoY rise in net profit to ₹ 350 crore. Tata Chemicals gained 7% to ₹ 1,000 apiece, snapping a three-day losing streak. Meanwhile, PNC Infratech surged 6.6% to ₹ 318 apiece after being declared the lowest bidder by South Eastern Coalfields (SECL) for a mining project in Chhattisgarh worth ₹ 29.57 billion.
Time of India
a day ago
- Business
- Time of India
Market breadth narrows: 60% of NSE 500 stocks still 20% below 2024 highs; analysts flag overvaluation, weak earnings outlook
While benchmark indices like the Nifty 50 and Nifty 500 have rebounded and now sit 5–6% below their September 2024 record highs, a majority of the broader market continues to lag, with over 60% of NSE 500 stocks still trading more than 20% below their 2024 peaks, according to an ETIG study. The surge earlier in 2024 had lifted many stocks to lifetime highs, but since the September reversal of a four-year bull run, the rebound has been uneven. As per the analysis, 118 stocks in the Nifty 500 are 20–30% off their 2024 highs, 83 stocks are 30–40% below their peaks, and another 113 are trading more than 40% lower. In contrast, the Nifty 500 and Nifty 50 indices are 6.1% and 5.3% away from their respective highs. 'This points to a narrow market rally, often driven by specific sectors or large-cap names,' Sudeep Shah, vice president and head of technical and derivative research at SBI Securities, told ET. He noted that the broader mid- and small-cap segments remain sluggish despite the overall index recovery. Some of the worst-hit stocks include Jaiprakash Power Ventures, Network18 Media & Investments, Zee Entertainment Enterprises, Sammaan Capital, and Suzlon Energy, which are all down between 84% and 97% from their all-time highs. Others like Adani Total Gas, MMTC, Yes Bank, HFCL, and Vodafone Idea are also significantly off their peaks. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like No annual fees for life UnionBank Credit Card Apply Now Undo Only four stocks—Laurus Labs, Fortis Healthcare, Shyam Metalics & Energy, and Torrent Pharmaceuticals—are trading above their 2024 highs. Despite these declines, elevated valuations persist in many segments. 'Even a reasonably high growth company cannot be expected to deliver 35–40% growth to justify the valuations,' said Ashwini Shami, EVP and senior portfolio manager at OmniScience Capital. 'The overvaluation is not over in the small and midcap stocks and these stocks are not expected to go back to the previous highs as that momentum was driven primarily by euphoria,' he told ET. Between September 2024 and February 2025, the Nifty 500 declined 18.8%, while the Nifty Mid-cap 150 and Small-cap 250 indices dropped 20.6% and 25%, respectively. Over the past three months, mid-cap and small-cap indices have recovered 9.2% and 12%, respectively, with the Nifty 500 gaining 5.3%. Investors have turned selective amid concerns over corporate profitability and tariff-related uncertainty. 'Money is expected to flow to repriced pockets like the largecaps which are fairly priced, and within sectors, banks, housing finance companies, and financial services companies even in the mid and small-cap basket could offer investors a better bet,' said Shami. He added that infrastructure and power stocks also present opportunities, but investors must be cautious of elevated valuations. Shah pointed out that many midcaps and PSUs have surged more on sentiment, liquidity, and policy optimism than earnings. 'The valuations in some pockets have turned reasonable but are still trading at a premium to their historical averages in others, especially in sectors such as consumer durables, FMCG, and select midcap IT names,' he said. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
2 days ago
- Business
- Time of India
Why 60% of NSE 500 stocks remain below their 2024 highs
Mumbai: The Nifty 50 and Nifty 500 are 5-6% off their record levels in September 2024, but a large part of the market is yet to catch up despite the recent rebound in these indices. While most remain below their 2024 highs, at least 60% of the stocks on the NSE 500 index are still over 20% below those levels last year, according to an ETIG study. Analysts said these stocks may not cross their highs of 2024 in a hurry as concerns over elevated valuations remain, while the likelihood of an outsized earnings growth remains thin. The record-breaking rally in 2024 had pushed many stocks to lifetime highs at various points leading up to September-when the four-year bull run reversed. In the Nifty 500 index, 24.2% or 118 stocks are trading 20-30% away from their peaks hit in 2024, while 83 stocks remain 30-40% away from their highs and 113 are at least 40% below their highs. The Nifty 500 Index and benchmark Nifty Index are 6.1% and 5.3%, respectively, away from the peaks in September 2024. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare Degree MBA MCA Technology Healthcare Data Science Digital Marketing Management Data Science CXO Product Management Finance Design Thinking Artificial Intelligence others Leadership Operations Management PGDM Public Policy Data Analytics Others Cybersecurity Project Management Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details "This points to a narrow market rally, often driven by specific sectors or large-cap names," said Sudeep Shah, vice president and head of technical and derivative research, SBI Securities. While headline indices like Nifty 50 or Sensex have rallied, a significant portion of the market-particularly in the mid- and small-cap segments is still lagging, said Shah. Jaiprakash Power Ventures, Network 18 Media & Investments, Zee Entertainment Enterprises, Sammaan Capital and Suzlon Energy along with Adani Total Gas, MMTC, Yes Bank, HFCL and Vodafone Idea are among the stocks that are 84-97% below their all-time highs. Four stocks including Laurus Labs, Fortis Healthcare, Shyam Metalics & Energy and Torrent Pharmaceuticals are trading above their highs. Agencies Elevated valuations Ashwini Shami, EVP & senior portfolio manager, OmniScience Capital said that despite being 20-30% off the peaks, the broader market remains overvalued as the stocks that traded at 50 price to earnings (PE) ratio-a valuation measure-during the bull market before September, remain at around 30 times, even after a 30-40% drop in stock prices. "Even a reasonably high growth company cannot be expected to deliver 35-40% growth to justify the valuations," said Shami. "The overvaluation is not over in the small and midcap stocks and these stocks are not expected to go back to the previous highs as that momentum was driven primarily by euphoria." Between September and February, the Nifty 500 index slumped 18.8% while the Nifty Mid-cap 150 and Small-cap 250 indices tumbled 20.6% and 25%, respectively. In the last three months, the mid-cap and small-cap indices rallied 9.2% and 12% each while the Nifty 500 index gained 5.3% in the same period.
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Business Standard
4 days ago
- Business
- Business Standard
Sebi, exchanges revise ESM applicability for firms below ₹1,000 cr mcap
The Securities and Exchange Board of India (Sebi) and exchanges have revised the enhanced surveillance mechanism (ESM) framework for companies with market capitalisation lower than ₹1,000 crore. The new framework will be applicable from July 28. The decision to revise shortlisting criteria and norms for stage-wise movement under the framework was taken in a joint meeting on July 25. The changes are expected to benefit 28 companies. Along with the existing shortlisting criteria based on high-low price variations, positive close-to-close price variation over the last three months have also been added as a requirement for moving a scrip to ESM stage 1. This refe₹to a consistent increase in the prices of the shares of a company over the past three months, indicating increased interest from the investors. Further, price to earnings ratio (PE) has also been added as one of the conditions for shifting a scrip from stage 1 to stage 2 of the ESM framework. A PE of up to 2-times the PE of the benchmark index Nifty 500 has been set as one of the requirements. Last year in August, the market regulator had expanded the ESM framework to mainboard companies under ₹1,000 crore mcap. The ESM framework is for monitoring and surveillance of listed companies based on price variation, standard deviation, etc. The framework is also applicable on small and micro companies. If the company is in stage 1 of the framework, 100 per cent margin is applicable from T+2 day and the trade for trade settlement will be with the price band of 5 per cent. If the scrip already has a price band of 2 per cent, then that will continue. The stage-wise review of stocks — for lower stage revision and exit — is done on a weekly basis.
The Wire
5 days ago
- Business
- The Wire
Tanla Announces First Quarter Results for FY26
HYDERABAD, India — July 25, 2025 — Tanla Platforms Limited, India's largest CPaaS provider, today announced its financial results for the first quarter of FY26. Key Metrics: First Quarter (April – June 2025) • Revenue was at ₹ 1041 Cr, grew by 1.6% QoQ and 3.8% YoY • Gross profit was at ₹261 Cr, with a gross margin of 25.0% • EBITDA was at ₹ 164 Cr, with an EBITDA margin of 15.8% • Profit after tax was at ₹ 118 Cr, with a profit after tax margin of 11.4% • Earnings per share at ₹ 8.82 • Cash balance at ₹ 910 Cr, post payout of interim dividend Uday Reddy, Founder Chairman & CEO, said, "Our AI-native platform will go live in August 2025 with a leading telco in Southeast Asia, deepening our inroads into international markets. Built on scalable AI infrastructure with an agentic layer, the platform will be seamlessly embedded in the telco ecosystem. Early feedback has been encouraging, and I am confident this will unlock new opportunities for long-term shareholder value creation.' Significant events during the quarter: deployment of AI native platform for mobile carriers and enterprises with a telco in Southeast Asia; commercial launch in Q2 FY26 MaaP platform deployment for RCS across two Southeast Asian telcos of Anubhav Batra as Chief Financial Officer effective 28th July 2025 Mr. Sunil Bhumralkar as an Independent Director to the Board a buyback of ₹175 Cr at ₹875 per share through the tender route mechanism; and expected to close by end of August 2025 Read our Shareholder Report here. Earnings Conference Call Tanla will host a conference call and live webcast to discuss the financial results on July 25, 2025, at 3.30 PM IST. Conference call details India 91 22 6280 1137 91 22 7115 8038 International Toll Free United Kingdom: 08081011573 United States: 18667462133 Hong Kong: 800964448 Singapore: 8001012045 Watch presentation For any additional information, please contact: Ritu Mehta Director- Investor relations About Tanla Founded in 1999, Tanla Platforms Limited has revolutionized digital interactions by empowering users and enabling enterprises through its innovation-led SaaS business. With a unique enterprise and user-centric approach, Tanla has emerged as a leader in the CPaaS industry dominating data security, privacy, spam, and scam protection. Headquartered in Hyderabad (India), Tanla is the preferred partner for over 2,000 enterprises across various industries, including global tech giants like Google, Meta, and Truecaller. Tanla is recognized as a 'Visionary' in the 2024 Gartner® Magic Quadrant™ for CPaaS and is ranked among the '1000 High-Growth Companies in Asia Pacific' by the Financial Times. Tanla is publicly traded on the NSE and BSE (NSE: TANLA; BSE: 532790) and is included in prestigious indices such as the Nifty 500, BSE 500, Nifty Digital Index, FTSE Russell, and MSCI. Safe Harbor This information contains 'forward-looking' statements, and these statements involve substantial risks and uncertainties. All statements other than statements of historical fact could be deemed forward-looking, including, but not limited to, expectations of future operating results or financial performance, market size and growth opportunities, the calculation of certain of our key financial and operating metrics, plans for future operations, competitive position, technological capabilities, and strategic relationships, as well as assumptions relating to the foregoing. Forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. 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If the risks or uncertainties ever materialize or the assumptions prove incorrect, our results may differ materially from those expressed or implied by such forward-looking statements. We assume no obligation and do not intend to update these forward-looking statements or to conform these statements to actual results or to changes in our expectations, except as required by law. This information involves many assumptions and limitations, and you are cautioned not to give undue weight to these estimates. We have not independently verified the accuracy or completeness of the data contained in these industry publications and other publicly available information. Accordingly, we make no representations as to the accuracy or completeness of that data nor do we undertake to update such data after the date of this document. (Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). 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