Latest news with #SaiAravindh
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Business Standard
7 days ago
- Business
- Business Standard
'Our fair price on Nifty50 is around 28,000 over the next 12 months'
The market is factoring in approximately 14 per cent earnings growth for the Nifty50 for FY26, according to Equentis Wealth Advisory Services Sai Aravindh Mumbai Listen to This Article Corporate results for the March 2025 quarter have not disappointed. JASPREET SINGH ARORA, chief investment officer at Equentis Wealth Advisory Services, tells Sai Aravindh in an email interview that the market is factoring in approximately 14 per cent earnings growth for the Nifty50 for FY26 despite multiple earnings downgrades over recent quarters. Edited excerpts: Did the fourth-quarter earnings meet your expectations? What is your outlook for the financial year 2026? India Inc's Q4 FY25 earnings have been largely mixed. Around 50 per cent of Nifty50 companies exceeded street expectations, nearly 30 per cent missed estimates, and the remainder delivered neutral
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Business Standard
26-05-2025
- Business
- Business Standard
Stocks to Watch, May 26: JSW Steel, NTPC, Glenmark Pharma, ONGC, Info Edge
Stocks to Watch on Monday: JSW Steel, NTPC, Glenmark Pharma, ONGC, Transrail Lighting, Info Edge and Lloyds Engineering Works are among the stocks to watch today, May 26, 2025 Sai Aravindh Mumbai Stocks to Watch Today, Monday, May 26, 2025: Domestic equity markets are likely to continue their upward movement, taking cues from Asian peers amid positive global developments. GIFT Nifty hinted at a higher start for domestic stocks. The early indicator of the Nifty 50 Index's performance in India was up 60 points or 0.24 per cent at 24,940 as of 7:40 AM. Equities in Asia edged higher after US President Donald Trump extended the deadline for 50 per cent European tariffs until July 9. Last checked, Japan's Nikkei was higher by 0.75 per cent while South Korea's Kospi was up 0.9 per cent. Future contracts of Euro Stoxx 50 rose 1.5 per cent while those for the Wall Street benchmark were up over 1 per cent. However, US stocks closed last Friday lower on tariff uncertainties. The S&P 500 index fell by 0.67 per cent while the Dow Jones Industrial Average was down 0.61 per cent. Meanwhile, below are some buzzing stocks to watch during today's session: Q4 earnings corner: NTPC: The state-owned power producer posted a net profit of ₹7,897.14 crore, marking an increase of almost 22 per cent for the March quarter of FY25, supported by improved operational performance. Transrail Lighting: The engineering and project services company reported a 27 per cent jump in consolidated net profit for the March quarter, reaching ₹126.57 crore, driven by a strong rise in revenue and record new orders. Ashok Leyland: The Commercial vehicle (CV) major reported its highest-ever quarterly and annual revenue, earnings before interest, tax, depreciation and amortisation (Ebitda), and net profit. At ₹1,130.09 crore, its net profit in the January-March quarter of 2024-25 (Q4FY25) was 32 per cent higher than the ₹853.41 crore reported in the year-ago period. JSW Steel: The steel producer reported a 15.7 per cent year-on-year (Y-o-Y) increase in consolidated net profit to ₹1,503 crore in Q4FY25. The rise was on the back of lower coking coal prices and improving margins. Reliance General Insurance: The arm of Reliance Capital recently acquired by IndusInd International Holdings Ltd (IIHL), reported 12.5 per cent growth in net profit to ₹315 crore for the financial year ended in March 2025. Glenmark Pharmaceuticals: The pharma major reported a net profit of ₹4.65 crore in the quarter ended March 2025 as against a net loss of ₹1,218.28 crore during the previous quarter ended March 2024. Revenue rose 6.77 per cent to ₹3,220.13 crore in the quarter ended March 2025. Other stocks in news: ONGC: The state-owned company has made promising offshore oil and gas discoveries in the Mumbai Offshore basin that could help augment production in the near future. The discoveries, which have been named Suryamani and Vajramani, were made in OALP-VI block MB-OSHP-2020/2 and OALP-III block MB-OSHP- 2018/1, both in the offshore Mumbai basin. Info Edge (India): The shareholders of the company have approved a plan to invest up to ₹1,000 crore in its third venture fund. The infusion will enable the Noida-based firm to increase its backing of early-stage startups. Jaiprakash Associates: The lenders of the company have approved a planned cash expenditure of ₹936.27 crore for the ongoing quarter to help the company sustain its operations. The approved sum includes routine operational expenses amounting to ₹856.73 crore, along with one-time expenses of ₹79.54 crore. Havells (India): The company will invest ₹340 crore to expand cable manufacturing capacity at its Alwar plant. Following this expansion, the plant's total annual cable capacity will reach 41.45 lakh kilometres. This capacity enhancement and capital expenditure aim to meet the growing demand for cables and improve operational efficiencies. Sun Pharma: The company will invest $25 million in US-based Pharmazz. As part of the agreement, Sun Pharma will receive the option to negotiate licensing rights for the marketing and distribution of Sovateltide in select developed market countries. Bajaj Auto: The auto maker's subsidiary entered into a call option agreement with Pierer Konzerngesellschaft mbH and Pierer Industrie AG, securing the right to purchase shares held by Pierer Industrie AG in Pierer Bajaj AG. A cash consideration of approximately Euro 50.65 million (equivalent to Rs 491.3 crore) will be payable upon the exercise of all 50,000 options outlined in the agreement. Lloyds Engineering Works: The company received an order worth ₹20.67 crore from Cochin Shipyard to supply fin stabiliser systems. The contract covers the supply, installation, commissioning, training, and spares of Fin Stabiliser systems.
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Business Standard
07-05-2025
- Business
- Business Standard
How can retail investors make money in the current markets?
Foreign flows have started to trickle in amid geopolitical uncertainties and tariff war fears. ANIRUDH GARG, partner and fund manager at Invasset PMS, tells Sai Aravindh in an email interview that sustaining these inflows will depend on stabilising global conditions, easing valuations, and the relative attractiveness of Indian growth. Edited excerpts: Are more earnings downgrades likely after fourth quarter earnings, and which sectors are most vulnerable? More earnings downgrades are probable as fiscal 2024-25 (FY25) results come in. Nifty earnings forecasts for FY27 have already been cut by around 6 per cent since late last year, and global headwinds like tariffs and weak exports could trigger further cuts. Nearly 80 per cent of companies have seen FY26 profit estimate downgrades so far, with around 39 per cent facing cuts of more than 5 per cent. The most vulnerable sectors remain information technology (IT) services, consumer discretionary, metals, and parts of consumer staples due to margin pressures and demand risks. In contrast, domestically driven sectors such as banks, healthcare, defence, and capital goods continue to show relative resilience with stable earnings. Amid global trade uncertainties, how are fund houses currently positioning their portfolios? Fund managers are turning more defensive, reallocating towards domestic-facing sectors and high-quality defensives. Exposure to globally sensitive sectors like IT, energy, and commodities has been reduced, while weights in financials, healthcare, consumer staples, and defence have increased. Cash holdings have risen sharply as a precautionary move. Equity mutual fund cash balances hit a record ₹1.81 trillion recently, with several top funds holding over 15–20 per cent in cash. This reflects a more guarded stance, allowing fund houses to maintain flexibility and deploy capital once volatility from global trade uncertainties presents clear opportunities. Will the strong inflows from global fund sustain going ahead? Global inflows into Indian equities have shown a tentative recovery after heavy selling earlier in the year, with foreign investors turning net buyers in late April and reversing part of prior outflows. However, year-to-date figures still show net selling, underscoring lingering concerns over valuations and global risks. Sustaining these inflows will depend on stabilising global conditions, easing valuations, and the relative attractiveness of Indian growth. There is optimism that foreign portfolio investor flows will gradually improve through FY25, but the pickup is likely to be measured and cautious rather than aggressive, especially with trade and rate uncertainties still weighing on sentiment. Do valuations in small and mid-cap stocks appear compelling at this stage? Small-and mid-cap valuations have moderated after recent corrections but are not outright cheap. The mid-cap index is down about 12 per cent from its September peak, and small-caps are down around 18 per cent, yet valuations remain at a premium to large-caps. Selective opportunities exist, particularly in sectors with strong domestic demand and niche growth drivers. State-run defence companies, mid-tier banks, hospital chains, and speciality consumer plays continue to show robust growth potential. While broad SMID valuations are elevated, high-quality names within infrastructure, healthcare, defence, and niche financial services offer attractive long-term opportunities. How can retail investors best capitalise on the prevailing trade-related uncertainties? Retail investors can capitalise on trade-related uncertainties by focusing on domestic-oriented sectors like banking, telecom, consumer staples, and healthcare, which are less exposed to global risks. These segments tend to remain resilient during trade disruptions. Additionally, market corrections driven by geopolitical or trade scares often reverse over time, so disciplined investors can use these dips to accumulate fundamentally strong stocks at lower costs. Diversification remains critical: holding some gold or gold ETFs acts as a hedge, as gold typically performs well during global turmoil. Sticking to SIPs or periodic rebalancing allows investors to benefit from long-term compounding. Domestic retail investors continue to act as a stabilising force, cushioning the market against foreign outflows. Ideal portfolio allocation (equity, debt, gold, cash) in the current environment? A balanced allocation is key. Equities should make up around 60–65 per cent of the portfolio, focusing on high-quality, domestic-facing stocks. Debt or fixed-income should account for about 15–20 per cent, providing stability and income, particularly as interest rates have softened. Gold should hold a 10–15 per cent weight, serving as a hedge against global volatility and trade uncertainties. A cash or cash-equivalent allocation of around 5 per cent (up to 10 per cent for conservative investors) ensures liquidity and readiness to deploy capital during market dips. This blend strikes a balance between growth and defence, positioning the portfolio to weather short-term risks while capturing long-term upside.
Business Standard
25-04-2025
- Business
- Business Standard
Stocks to Watch, April 25: SBI Life, Axis Bank, Tech Mahindra, Power Grid
Stocks to Watch on Friday: SBI Life, Axis Bank, Tech Mahindra, Power Grid, PB Fintech, Wipro and Persistent Systems are among the stocks to watch today, April 25, 2025 Sai Aravindh Mumbai Stocks to Watch Today, Friday, April 25, 2025: Indian stocks are set for a positive start in Friday's session, buoyed by global cues, even as Pakistan's tit-for-tat retaliatory move against India keeps investors on edge. GIFT Nifty hinted at a higher start for domestic stocks. The early indicator of the Nifty 50 Index's performance in India, was up 126 points or 0.65 per cent at 24,529 as of 07:25 AM. In a sign of rising tensions, Pakistan halted all trade with India and warned that any attempt to stop the flow of water would be considered an act of war amid other countermeasures. This comes after India accused its neighbour responsible for the deadly attack in Kashmir. On the global front, Asian stocks edged higher, tracking gains on Wall Street amid expectations of sooner-than-expected rate cuts. Meanwhile, stocks in South Korea rallied on reports that the US may reach a trade agreement by next week. Last checked, Japan's Nikkei was up 1.23 per cent, while South Korea's Kospi was lower by 0.63 per cent. According to reports, the Federal Reserve officials said that they could look into cutting rates as early as June if it has clear evidence of the economy's direction. The S&P 500 index advanced by 2.03 per cent while the Nasdaq Composite and the Dow Jones Industrial Average rose by 2.74 per cent and 1.23 per cent, respectively. Q4 earnings corner: SBI Life Insurance: The company's net profit growth for the January–March quarter was flat at ₹813.51 crore as compared to ₹810.8 crore in the year-ago period, owing to a surge in expenses and weak premium growth. The net premium income of the life insurer slipped by 5 per cent year-on-year (Y-o-Y) to ₹23,860.71 crore in the reporting quarter. Axis Bank: The lender reported a net profit of ₹7,118 crore for the fourth quarter of 2024-25 (FY25), nearly flat numbers when compared to its net profit of ₹7,129 crore in the year-ago period. The flat numbers were mainly due to higher loan loss provisions and lower trading income. Persistent Systems: The mid-tier information technology (IT) company posted a 25 per cent jump in the March quarter profit to ₹395.76 crore. The Pune-headquartered company reported a net profit of ₹315.32 crore in the year-ago period. Its revenues grew 25.2 per cent to ₹3,242 crore from ₹2,591 crore in the year-ago period. Adani Energy Solutions: The Adani Group company reported a 79 per cent on-year jump in its consolidated net profit at ₹647.15 crore in the fourth quarter. AESL said that its revenue from operations rose 35.5 per cent on-year to ₹6,374.58 crore during the period under review ACC: The cement manufacturer said its consolidated profit for the fourth quarter declined 20.4 per cent Y-o-Y to ₹7,51.03 crore. However, the Adani-owned company's revenue from operations grew 12.7 per cent to ₹5,991.67 crore amid higher trade sales volume and share of premium products in trade sales. Tech Mahindra: The IT services firm reported a profit of ₹1,167 crore for the fourth quarter of the financial year 2024-25. The profit rose 76.5 per cent from the corresponding quarter of the last financial year. The rise in profit was due to margin expansion and the effective tax rate coming down due to one-off benefits. Macrotech Developers: The company reported a consolidated profit of ₹921.7 crore for the fourth quarter, up 38.5 per cent Y-o-Y. The company's revenue from operations stood at ₹4,224.3 crore, a 5.12 per cent rise YoY, falling short of the Bloomberg analysts' poll estimate of ₹4,414 crore. Other stocks in news: BHEL: The company informed that a minor fire incident occurred on Thursday on a garbage heap located in an isolated area, adjacent to the plantation area of BHEL's Bhopal unit. The fire was contained within the plantation area, and there was no damage to any machinery, plant or property, it said. Power Grid Corp: The 85 megawatt (Mw) solar power plant in Madhya Pradesh, set up by the company through its subsidiary, Power Grid Energy Services Limited, started commercial operations on April 24, 2025. Container Corp: The company signed a Memorandum of Understanding (MoU) with Gail India to develop LNG infrastructure at various Terminals of Concor, to provide an uninterrupted supply of LNG fuel for the company's road transportation requirements. PB Fintech: The company made its first investment of ₹539 crore into its unit PB Healthcare Services. The board of PB Fintech approved ₹696 crore investment in the subsidiary through the subscription or purchase of equity shares during FY26. Wipro: The IT major announced the launch of its GitHub Centre of Excellence (CoE) in Bengaluru. This CoE will use advanced tools to enhance collaboration, learning, and efficiency among development teams.
