Latest news with #SaiAravindh
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Business Standard
29-07-2025
- Business
- Business Standard
TCS stock hits 33-month low; Jefferies, YES Securities' take on what's next
TCS shares extended their decline for the fourth consecutive session, slipping 4 per cent after it announced plans to lay off roughly 2 per cent of its global workforce Deepak Korgaonkar Sai Aravindh Mumbai Listen to This Article Shares of Tata Consultancy Services (TCS) slipped 1 per cent to ₹3,058.10 on the BSE during Tuesday's intra-day trade, hitting their lowest level in 33 months. The stock of the information technology (IT) major is trading lower for the fourth straight day, falling 4 per cent after the company said it would lay off about 2 per cent or 12,260 employees of its global workforce. The stock has fallen below its previous low of ₹3,060.25, touched on April 7, 2025 and is trading at its lowest level since October 2022. Thus far in the calendar year 2025 (CY25), the stock
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Business Standard
19-06-2025
- Business
- Business Standard
CLSA, Morgan Stanley urge near-term caution on IT stocks
Thus far in CY25, the Nifty IT index has been an underperformer, slipping nearly 11 per cent as compared to 5 per cent rise in the Nifty 50 index Sai Aravindh Puneet Wadhwa Mumbai | New Delhi Listen to This Article Global brokerages CLSA and Morgan Stanley have turned cautious on the Indian information technology (IT) sector and warn that the short-term outlook remains uncertain due to ongoing global economic concerns. A double whammy for the IT sector sentiment on Thursday was US Federal Reserve's (US Fed's) downgrading of 2025 growth estimates for the economy to 1.4 per cent from 1.7 per cent earlier amid higher inflation. As a result, the Nifty IT index slipped 1.54 per cent on Thursday in intra-day deals, with Oracle Financial Services, Coforge and LTIMindtree among the top losers. Tech Mahindra fell as much as 2.9
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Business Standard
30-05-2025
- 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.
