GAGA Share Market News

[hfe_template id='11223'] [ad_1] Global index services provider MSCI has reshuffled its India Smallcap Index to include Tata Technologies, Hexaware Tech and ACME Solar and removed 22 other stocks like Aarti Drugs and Paisalo Digital. As a result of the rejig, JM Financial estimates that Tata Tech will have a passive fund inflow of about $16 million while Hexaware will get $15 million. Changes in the index will be implemented after market closing hours on May 30. Smallcap stock additions List of smallcap stock additions - ACME Solar Holdings, Authum Investment, AWL Agri Business, Dr Agarwal's Health Care, Godrej Agrovet, Hexaware Tech, IGIL, Le Travenues Technology, Sagility India, Sai Life Sciences and Tata Technologies. Smallcap stock deletions Stocks which have been removed from the smallcap index are Aarti Drugs, Allcargo Logistics, Coromandel International, E2E Networks, Electronics Mart India, Gateway Distriparks, Godrej Industries, Greenpanel Industries, Gujara...

[hfe_template id='11223'] [ad_1] As India’s forceful response to Pakistan’s escalations enters its fourth day, a look back at history suggests that while past wars have had minimal lasting impact on domestic equity markets, the country’s economic growth has often borne the brunt of such conflicts. On Friday, Nifty ended with sharp cuts of 1.1% at 24,008 while falling 1.5% since India struck terrorist infrastructure in Pakistan and Pakistan Occupied Kashmir (PoK) on May 7 to avenge the Pahalgam attack. Things are now changing thick and fast. In its analysis of the market movement and the GDP, brokerage firm JM Financial explains the impact of previous wars and how the situation is different this time around. Here is the full break-up of events and their impact: Kargil War – A full-scale war that was fought between May 3, 1999 and July 26, 1999, Nifty jumped 7% at the end of the third-day into the war. By the end of the war, the headline index galloped 35.6%. Parliament at...

[hfe_template id='11223'] [ad_1] Swiggy’s stock may face heightened volatility in the near term as the expiry of a major pre-IPO shareholder lock-in period approaches, according to brokerage JM Financial. The lock-in, which ends on May 12, will make around 83% of the company’s shareholding eligible for trade for the first time, raising the potential for large-scale offloading. On Thursday, shares of the food and delivery giant slipped as much as 1.6% to Rs 342.4 on the BSE. JM Financial estimated that even if just 15% of the locked-in shares are sold post expiry, it could result in outflows worth Rs 120 billion — nearly equivalent to the company’s total IPO size of Rs 113 billion. Many pre-IPO investors, including private equity and venture capital firms, are sitting on substantial unrealised gains, and despite Swiggy’s stock trading about 12% below its IPO price of Rs 390, some may be inclined to exit. "While we cannot accurately predict when these shareholders wil...

[hfe_template id='11223'] [ad_1] Yes Bank is expected to report double-digit growth in its March quarter earnings, with net profit rising by 35–44% on a year-on-year basis, according to estimates by a couple of brokerages. The topline could be in the range of Rs 608 crore to Rs 652 crore in Q4FY25. The lender’s Net Interest Income (NII) could show a modest single-digit uptick in the quarter under review amid margin pressure. The estimates are from JM Financial and Anand Rathi Share and Stock Brokers. Yes Bank will announce its earnings on Saturday, April 19, 2025, along with heavyweights HDFC Bank and ICICI Bank. Here's what they recommend: JM Financial’s Estimates JM Financial expects Yes Bank to report a PAT of Rs 6,081 crore, reflecting a strong 34.6% YoY growth. However, this may be marginally down sequentially at 0.7%, suggesting pressure on the bottom line despite yearly gains. Live Events Yes Bank's NII is projected at Rs 2,209 crore, showing a modest incr...

[hfe_template id='11223'] [ad_1] Despite a nascent recovery in Indian markets, it's important to highlight that foreign institutional investors (FIIs) have kept up their selling trend in the first two weeks of March. However, this was followed by an emphatic consensus that the sell-off is slowing, something which Indian investors can hang on to. With a little bit of help from the Fed, analysts say the trend could even reverse. Like the earlier month, the fortnight (ending March 15) sell-off affected nearly all sectors in the market, with the exception of metals. Metal stocks stood out as they attracted investments worth Rs 1,100 crore, making them the only sector to buck the trend. This was not the case in the preceding period. The worst-hit sectors of FII wrath were IT, FMCG, Auto, Financial, and Healthcare, as FIIs withdrew nearly Rs 19,000 crore ($2.2 billion) from stocks in these areas. The total outflows from Indian equities amounted to Rs 30,015 crore ($3.5 bil...

[hfe_template id='11223'] [ad_1] JM Financial has reiterated its 'Buy' rating on Varun Beverages with a target price of Rs 675, implying 38% upside from the previous day's closing price. The brokerage believes the recent 30% correction in the stock is overdone, citing strong growth drivers in both domestic and international markets. The Indian beverage market, with an estimated size of 2.4 billion cases, is largely a duopoly, with Coca-Cola and PepsiCo holding a combined market share of around 80-90%. However, competitive intensity has increased following the relaunch of Campa by Reliance Consumer Products in March 2023. According to JM Financial, Campa has been targeting price-sensitive consumers in states like Tamil Nadu, Andhra Pradesh, Telangana, Uttar Pradesh, and West Bengal. “Campa has focused on the mass-end consumer through aggressive pricing, offering PET bottles at a 30-40% discount compared to Coca-Cola and PepsiCo,” the brokerage noted. While Cam...

[hfe_template id='11223'] [ad_1] Metal stocks have staged a strong comeback over the past month, rising by up to 17%, while the sector has remained a top draw for investors, outperforming the Nifty by over 10%, driven by the ongoing slide in the dollar index (DXY). However, the real test of sustainability begins now, with flat 25% tariffs on steel and aluminum, imposed by US President Donald Trump "without exceptions or exemptions," set to take effect on Wednesday, March 12. On Tuesday, the Nifty Metal index fell 1.5% in early trade, hitting the day's low of 8,715.15. Individually, stocks fell over 3%, with the sharpest declines seen in NMDC, Hindustan Copper, and Steel Authority of India (SAIL). Trump's ever-shifting tariff policies have created uncertainty, said Prathamesh Mallya, DVP-Research, Non-Agri Commodities and Currencies at Angel One. Although the steel and aluminum tariffs are scheduled to take effect on March 12, he has postponed the new 25...

[hfe_template id='11223'] [ad_1] Shares of Jio Financial Services Ltd (JFSL) climbed as much as 2.4% on Thursday to Rs 222.35 on the BSE, extending a three-day rally that has lifted the stock by 10.6% since hitting a 52-week low earlier this week. The non-banking financial company, owned by billionaire Mukesh Ambani, has rebounded from its 52-week low of Rs 198.60 on Monday. The stock had closed 3.3% lower on Monday to close at Rs 200.95 before reversing losses over the past three sessions. Jio Financial’s impending Nifty 50 entry, announced by NSE Indices last month, is anticipated to drive fresh institutional buying. JM Financial estimates that the index addition could bring inflows of approximately $404 million as funds tracking the index rebalance their portfolios. The recent uptrend also comes after Jio Financial announced on March 4 that it is set to acquire State Bank of India’s (SBI) 17.8% stake in Jio Payments Bank for Rs 104.5 crore, making the digital banking ...

[hfe_template id='11223'] [ad_1] Midcap stocks got hammered through February falling by as much as 30% as investors scurried to book profits or cut losses. The low-key sentiments on D-Street were on account of both the global and local factors. While Donald Trump's threats on reciprocal tariffs and fears of US economic slowdown weighed on the markets, nearly a third of the midcaps missing their Q3FY25 estimates and valuations were among local factors that pulled the pack. The BSE Midcap index fell by 4,500 points or 10% in February and this week's decline was more prominent as the 132-stock index plunged 4.4% or nearly 1,800 points. In this, 123 stocks ended the month in the red while just 9 stocks managed a positive closing. Ten socks that fell the most in February are Rail Vikas Nigam (RVNL), Tube Investments of India, Gujarat Gas, Indian Renewable Energy Development Agency (IREDA), Relaxo Footwears, Delhivery, The New India Assurance Company, Mphasis, Escorts ...

[hfe_template id='11223'] [ad_1] Domestic markets remained subdued on the weekly expiry day, ending nearly unchanged amid the ongoing tussle. In today's trade, shares of Religare Enterprises, NTPC Green, Grindwell Norton, JM Financial, Tata Steel among others will be in focus due to various news developments. Religare Enterprises The Burman family has acquired a controlling stake in Religare Enterprises Limited (REL) after the completion of the open offer where it bought 83,201,819 equity shares representing 25.16%. Grindwell Norton Grindwell Norton appointed Venugopal Shanbhag as the managing director of the company with effect from April 2025. Samvardhana Motherson Samvardhana Motherson incorporated the arm 'Motherson Treasury Strategy' within the jurisdiction of Abu Dhabi Global Market, United Arab Emirates. JM Financial JM Financial got a tax department order for refund of Rs 230 crore for assessment year 2008-09. ITI ITI received an initial tranche of Rs...

[hfe_template id='11223'] [ad_1] After nine punishing sessions that wiped out months of gains for retail investors, smallcap stocks are mounting a fierce comeback. The Nifty Smallcap 250 index, still trapped in bear market territory and down 22% from its peak, surged 2% on Wednesday, with Aegis Logistics, GRSE, Netweb Tech, and Minda Corp clocking double-digit gains. But is this the start of a true revival—or just a cruel bull trap before another leg down? If the sell-off is a correction in a larger and structural bull market, then analysts suggest the worst may be over. But if this is the dawn of a deeper bear market, history suggests the pain could last much longer. "We have seen much shallower bear markets and in about 12 months, we see that most of the damage gets done. If we are there, then it is another seven months more and you could see 5% to 10% more correction on the leading indices,” warned seasoned investor Ajay Bagga. The Q3 earnings season was tougher ...

[hfe_template id='11223'] [ad_1] Shares of NCC Ltd tumbled as much as 14.6% on Friday to Rs 202.85 on the BSE after the infrastructure company reported a 12.5% year-on-year (YoY) decline in net profit at Rs 193.2 crore for the third quarter ended December 2024. The stock decline followed NCC's earnings announcement post-market hours on Thursday. The Rekha Jhunjhunwala-backed firm posted a net profit of Rs 193.2 crore for the quarter ended December 31, 2024, down from Rs 220.7 crore a year earlier, according to a regulatory filing. Revenue from operations rose marginally by 1.6% to Rs 5,344.5 crore in the December quarter, from Rs 5,260 crore in the same period last year. However, at the operating level, the company saw a sharper decline, with EBITDA dropping 16.6% to Rs 420.9 crore from Rs 504.4 crore a year ago. EBITDA margin contracted to 7.9% in the third quarter, from 9.6% in the corresponding quarter last year, reflecting cost pressures and potential execution c...

[hfe_template id='11223'] [ad_1] With the Nifty rejig about to take place in March, Zomato shares could see an inflow of $702 million if the company is included in the index, states a report by domestic brokerage firm JM Financial. Zomato's potential inclusion is expected to bring a significant inflow of funds, estimated at $702 million, which could drive up demand for its shares. The expected share inclusion is 261.8 million. The official announcement regarding Nifty constituent changes is anticipated in February 2025, with the changes taking effect from March 31, 2025. This substantial inflow is attributed to the passive investment strategies of index funds and exchange-traded funds (ETFs) that track the Nifty 50 index. The potential inclusion in the Nifty could also improve Zomato's visibility and liquidity, making it more attractive to a broader range of institutional investors. While the estimated inflow is a significant factor, the actual impact on Zomato...

[hfe_template id='11223'] [ad_1] Shares of Suzlon Energy climbed as much as 5% on Friday to reach Rs 58.15 on the BSE, extending their rally for a third consecutive session. The stock has gained nearly 16% over the past three days, driven by the company’s impressive third-quarter earnings report. The renewable energy firm reported a 90% year-on-year (YoY) jump in net profit to Rs 386.92 crore for the quarter ended December 2024. Revenue from operations surged 91% YoY to Rs 2,968.81 crore, up from Rs 1,552.91 crore in the same quarter last year. In comparison, Suzlon had reported a net profit of Rs 203.04 crore in Q3 FY24. Total income for Q3 FY25 also saw a sharp 91% YoY rise to Rs 3,002.36 crore from Rs 1,569.71 crore in the previous year’s corresponding quarter. The company’s EBITDA more than doubled to Rs 500 crore, with an EBITDA margin of 16.8%. Suzlon recorded its highest-ever quarterly deliveries, achieving 447 MW in Q3 FY25. The wind turbine generator segment was...

[hfe_template id='11223'] [ad_1] Shares of Brainbees Solutions, the parent company of the FirstCry brand, fell 2.3% on Monday to Rs 457.10 on the BSE, extending a recent losing streak as concerns over an impending pre-IPO lock-in expiry loomed large. Brokerage JM Financial maintained its “buy” rating on the stock but slashed its target price to Rs 667, still implying a robust 46% upside from current levels. The stock has been under pressure ahead of the February 13 lock-in expiry, which will make nearly 60% of the company’s share capital — over 300 million shares — eligible for trading. This volume dwarfs the stock’s average daily trading volume of around 760,000 shares and has heightened fears of selling pressure. Shares of Brainbees have fallen 26% over the past three months, underperforming broader markets. The decline has accelerated recently, with the stock losing 6.5% in the last week alone. Despite the near-term headwinds, JM Financial said it remains optimistic a...

[hfe_template id='11223'] [ad_1] After witnessing a rally in Tuesday’s session, the shares of Oil and Natural Gas Corporation (ONGC) today continued their rally, surging 2.6% to their day’s high of Rs 270.50 on the BSE after the global brokerage firm CLSA upgraded its rating to ‘High Conviction Overweight-PF’. The brokerage firm had also set a target price of Rs 360 for the stock. CLSA cited several key factors driving this bullish outlook. The brokerage anticipates multiple volume and realization triggers for ONGC in 2025. A significant contributor to increased production is expected to be the ramp-up of ONGC's eastern offshore field to peak production. This ramp-up is projected to significantly boost the company's domestic oil and gas output. Furthermore, CLSA highlighted the potential removal of the windfall tax as a key positive catalyst. The removal of this tax could allow ONGC to achieve realizations higher than $75 per barrel if crude oil prices recover. T...

[hfe_template id='11223'] [ad_1] Shares of Piramal Pharma soared 8.3% to their day’s high of Rs 272 on the BSE after the domestic brokerage firm JM Financial initiated coverage on the healthcare sector, citing the stock as its preferred pick with a target price of Rs 340. The target price stated by the domestic brokerage firm signals an upside potential of 35% for the stock from Monday’s closing price. “Piramal Pharma's differentiated offerings, global manufacturing presence and end-to-end capabilities set it apart from listed Indian CDMO peers. This will help it capitalise on the ongoing industry expansion,” said JM Financial in its report stating that the company’s CDMO business, its largest revenue segment, is the key to its outperformance. Piramal's CDMO business stands out among Indian peers with a 30:70 mix of CRO and CDMO, a global manufacturing presence across the US, UK, and India, and commercial capabilities spanning intermediates, APIs, and formulation...

[hfe_template id='11223'] [ad_1] Shares of newly-listed Swiggy climbed as much as 8.1% on Wednesday to Rs 499 on BSE, with the stock surging nearly 16% in the past two sessions after UBS became the latest brokerage to initiate coverage on the food delivery major with a “Buy” rating, highlighting Swiggy's promising growth in India's food delivery and quick commerce markets. Brokerage firms - HDFC Securities, Motilal Oswal and JM Financial - were the first ones to initiate coverage on Swiggy with particularly bullish views. Swiggy made its Dalal Street debut on November 11, with the stock hitting a record high of Rs 489.25 on November 14. UBS Brokerage UBS initiated coverage on the leading food delivery player on Monday with a “Buy” rating and a target price of Rs 515, citing potential for growth amid India’s expanding online food delivery and quick commerce markets. UBS said that Swiggy is well-slated to benefit from its improving margins and scale. The brokerage ...

[hfe_template id='11223'] [ad_1] With Sensex rallying 3,000 points in the previous two trading sessions amid optimism surrounding the outcome of the Maharashtra elections, there are over 40 stocks on which brokerages are betting on to capitalise on market recovery, driven by improving valuations, robust domestic flows, and hopes of capex revival. With Nifty being down around 8% from its September-end peak, analysts at JM Financial have shortlisted 39 stocks, while Jefferies and Goldman Sachs have identified 14 and 25 stocks, respectively. Jefferies says capitalize on cyclical downturns Jefferies has picked 14 stocks it believes are well-positioned for a short-term bounce-back. The brokerage emphasizes sectors like defense, aviation, and FMCG, supported by resilient domestic demand and easing valuation premiums.“A pick-up in govt. spending / capex in 2H, improved seasonality and somewhat better relative (to region) valuations mean that a potential short term bounce back i...

[hfe_template id='11223'] [ad_1] Citing Zomato’s market dominance and superior execution, brokerage JM Financial expressed a preference for Zomato over Swiggy, highlighting the challenges Swiggy may face in establishing its footing in this space. In its report, JM Financial highlights Zomato’s leadership and execution record, suggesting it holds an edge over Swiggy despite the latter’s advances in quick commerce through its Instamart vertical. “We would prefer Zomato if asked to pick only one due to its superior execution in the past and market leadership across key segments,” the report states, positioning Zomato as the more favorable investment choice. Swiggy’s Instamart has struggled with operational challenges, particularly as competitors like Blinkit and Zepto have gained ground. JM Financial points out that “Blinkit has achieved near-break-even,” while Instamart still faces hurdles to reach similar profitability levels. Zomato’s acquisition of Blinkit, meanwhile, h...