GAGA Share Market News

[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 JSW Steel climbed as much as 2.1% on Monday to a four-month high of Rs 1,032.5 on the BSE, after the company reported a 12% year-on-year (YoY) increase in consolidated crude steel production for February 2025. In a filing to the exchanges on Friday, JSW Steel said its consolidated crude steel production for February stood at 24.07 lakh tonnes, compared to 21.49 lakh tonnes in the same period last year. The company’s domestic operations contributed 23.32 lakh tonnes, reflecting a 13% YoY jump, while its U.S. steel production came in at 0.75 lakh tonnes. India’s largest integrated steel producer has expanded aggressively over the last three decades, growing from a single manufacturing unit to a global steel giant. The company currently has a consolidated crude steel capacity of 35.7 million tonnes per annum (MTPA), including 1.5 MTPA in the US. The company’s domestic crude steel capacity stands at 32.5 MTPA, with plans to increase...

[hfe_template id='11223'] [ad_1] Shares of JSW Steel climbed as much as 2.1% on Monday to a four-month high of Rs 1,032.5 on the BSE, after the company reported a 12% year-on-year (YoY) increase in consolidated crude steel production for February 2025. In a filing to the exchanges on Friday, JSW Steel said its consolidated crude steel production for February stood at 24.07 lakh tonnes, compared to 21.49 lakh tonnes in the same period last year. The company’s domestic operations contributed 23.32 lakh tonnes, reflecting a 13% YoY jump, while its U.S. steel production came in at 0.75 lakh tonnes. India’s largest integrated steel producer has expanded aggressively over the last three decades, growing from a single manufacturing unit to a global steel giant. The company currently has a consolidated crude steel capacity of 35.7 million tonnes per annum (MTPA), including 1.5 MTPA in the US. The company’s domestic crude steel capacity stands at 32.5 MTPA, with plans to increase...

[hfe_template id='11223'] [ad_1] Following a weak third quarter on the earnings front, analysts now expect over 70% or 36 Nifty companies to report slower than expected earnings growth in the next fiscal year. Weaker demand outlook amid global uncertainties, subdued household spending, slower credit growth as well as not so meaningful pick up in corporate capex could keep the earnings in check. Motilal Oswal has trimmed the overall Nifty EPS growth estimate by 1.4% for FY26 after the profits managed to grow just 4% in the nine-months ended December 2024 period. This is particularly stark when compared with a CAGR of 20% during FY20-24. "This is the third consecutive quarter of low-single digit earnings growth," the brokerage said. This downgrade was driven by heavyweight stocks such as ONGC, HDFC Bank, JSW Steel, Axis Bank, and SBI. For instance, EPS growth for SBI is pegged at 9% in FY26E, which is 1.5% lower than the previous estimate. Similarly, HDFC Bank is...

[hfe_template id='11223'] [ad_1] Markets exhibited high volatility on the monthly expiry day but managed to extend its winning streak for the third consecutive session. In today's trade, shares of Nestle, Vedanta, L&T, Motilal Oswal, Greenlam Industries among others will be in focus due to various news developments and third quarter results. Nestle India, IndusInd Bank, Sun Pharma, ONGC, Vedanta, Marico Shares of Nestle India, IndusInd Bank, Sun Pharma, ONGC, Vedanta and Marico will be in focus as the companies will announce their third quarter results today. L&T Larsen & Toubro (L&T) reported a 14% year-on-year growth in its December quarter consolidated net profit at Rs 3,359 crore versus Rs 2,947 crore posted in the year ago period. Tata Consumer Tata Consumer Products reported a flattish net profit growth in the third quarter at Rs 279 crore. This compares with Rs 279 crore in the same quarter of last year. Motilal Oswal Markets regulator Sebi on ...

[hfe_template id='11223'] [ad_1] The markets extended Wednesday's rebound on the weekly expiry day, ending with modest gains. In today's trade, shares of IndiGo, JSW Steel, Adani Green, Indus Towers, Dr Reddy's, Patanjali Foods among others will be in focus due to various news developments and third quarter results. IndiGo, JSW Steel, DLF, Godrej Consumer Shares of IndiGo, JSW Steel, DLF and Godrej Consumer will be in focus as the companies will announce their third quarter results later today. Adani Green Adani Green Energy reported a 85% year-on-year jump in its December quarter consolidated net profit at Rs 474 crore versus Rs 256 crore posted in the year ago period. ZEE ZEE Entertainment Enterprises (ZEEL) reported 180% year-on-year (YoY) growth in its consolidated net profit at Rs 164 crore in the third quarter, while operating revenue declined 3% YoY to Rs 1,979 crore. Indus Towers Indus Towers to enter EV charging infrastructure sector as the company l...

[hfe_template id='11223'] [ad_1] Shares of steel companies like Steel Authority of India (SAIL), Tata Steel, JSW Steel and Jindal Steel & Power rallied up to 3.2% on the BSE as India has initiated a probe into an alleged increase in imports of certain steel flat products into the country. This was followed by a complaint filed by the Indian Steel Association. Shares of JSW Steel rallied 3.2% to their day’s high of Rs 947.95 while Jindal Steel & Power shares jumped 2.3% to an intraday high of Rs 929 on the BSE. Meanwhile, the shares of Tata Steel and SAIL increased by 2% each. The applicant has alleged that there is a “recent, sudden, sharp and significant” increase in the volume of imports, which has caused “significant” injury to the domestic industry in India, according to the notification. In a notification, the Directorate General of Trade Remedies (DGTR) said that it has started the investigation into imports of Non-Alloy and Alloy Steel Flat Products used i...

[hfe_template id='11223'] [ad_1] The BSE Sensex undergoes its periodic rebalancing on December 23, to reflect India’s evolving market dynamics. Food delivery firm Zomato replaces steel giant JSW Steel in the 30-share benchmark index. This reshuffle is set to drive $513 million in inflows into Zomato, while JSW Steel faces $252 million in outflows as institutional investors adjust portfolios, according to estimates by brokerage firm Nuvama. Here is a list of 6 stocks undergoing the Sensex reshuffle: Zomato Zomato’s inclusion in the Sensex sheds light on the rising prominence of tech-driven companies. The stock is set to receive inflows of $513 million, with an average volume impact of 2.6x, according to brokerage firm Nuvama. Zomato has seen its share price climb 126% over the past year and with its value growing to a market capitalization of Rs 2.72 lakh crore. JSW Steel JSW Steel will exit the Sensex, resulting in an estimated $252 million in outflows and an average vol...

[hfe_template id='11223'] [ad_1] Indian benchmark equity indices opened marginally higher for the third consecutive session on Tuesday, following gains from Asian markets. The rise was driven by metal and financial stocks, with comments from key US Federal Reserve officials raising expectations of a 25 basis-point rate cut later in the month. By 1:52 pm, the BSE Sensex was up 640 points, or 0.80%, at 80,888.34, while the Nifty50 gained 180 points, or 0.74%, trading at 24,456. Among the Sensex stocks, Adani Ports, JSW Steel, SBI, HDFC Bank, IndusInd Bank, and Tata Steel were the top gainers, rising up to 3%. In contrast, ITC, Bharti Airtel, Sun Pharma, Kotak Bank, and M&M opened lower. In individual stocks, Solar Industries surged 9.5% in early trade after it, along with its subsidiary, secured export orders worth Rs 2,039 crore for supplying advanced defense products to international clients. Swiggy shares also climbed 9.4% in early trade as the food delivery giant w...

[hfe_template id='11223'] [ad_1] Leading brokerages have shared their latest recommendations on select stocks, highlighting strong growth potential and strategic initiatives driving future performance. JPMorgan has reaffirmed its Overweight stance on KPIT Technologies, citing transient challenges and robust long-term prospects in the EV and hybrid space. Bank of America (BoFA) remains optimistic about JSW Steel, underscoring its expansion plans and efforts to strengthen financial metrics. Meanwhile, Motilal Oswal sees a bright outlook for Adani Ports & SEZ (APSEZ), driven by its integrated logistics model, diversified cargo mix, and significant growth in cargo volumes. We have compiled a list of recommendations from top brokerage firms, sourced from ETNow and other outlets: JPMorgan on KPIT Technologies: Maintain Overweight with target price of Rs 1,900 | LTP Rs 1,341 | Upside 41% JPMorgan maintains an Overweight rating on KPIT Technologies with a target price of Rs ...

[hfe_template id='11223'] [ad_1] Domestic equities traded sideways for a major part of Thursday and Nifty closed with a marginal loss of 36 points at 24399. Nifty has been consolidating for the last two sessions following persistent foreign outflows and dull earnings so far. "We expect this range-bound move (Nifty hovering around the 24400-24500 zone) to continue in the absence of any major triggers, while the earning season would drive sectorial rotation. Key results tomorrow - BEL, Chola Investment, JSW Steel, HPCL, Coal India, and BPCL," said Siddhartha Khemka, Head - Research, Wealth Management, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a muted start GIFT Nifty on the NSE IX traded lower by 1.5 points, or 0.01 per cent, at 24,460.50, signaling that Dalal Street was headed for muted start on Friday. Tech View: A sustainable move above 24,600-24,700 levels could confirm the qua...

[hfe_template id='11223'] [ad_1] Indian equity indices, the Sensex and Nifty50, opened higher on Monday ahead of the domestic September inflation data due later in the day, with investors focusing on earnings reports from Reliance Industries and HCL Tech. The BSE Sensex rose 507 points, or 0.62%, to trade at 81,888.15, while the Nifty50 gained 143 points, or 0.57%, to reach 25,107.65 around 9:48 a.m. From the Sensex stocks, JSW Steel, L&T, Tech Mahindra, HDFC Bank, Tech Mahindra, and Infosys opened with gains, while Axis Bank, Bajaj Finance, UltraTech Cement, Titan, and Bharti Airtel opened with cuts. Wipro shares jumped over 3% at the open after the company announced that its board will consider a bonus share issue in its upcoming meeting on October 17. DMart shares plunged over 9% after the company reported a 5.8% year-on-year (YoY) rise in net profit for the second quarter, falling short of analysts' expectations. On the sectoral front, the Nifty Bank, Auto, F...

[hfe_template id='11223'] [ad_1] Tensions in the middle east and FII outflows hit Indian markets hard as indices corrected over 4% during the week. The decline was broad-based with sectors like auto, banks, infra, and energy witnessing heavy selling pressure. The bearish sentiments in the market resulted in the sharp fall of smallcap stocks as only 14 stocks delivered double-digit returns the week. No smallcap has offered returns over 20% with the highest return being 19.8% by Hercules Hoists. It is closely followed by Anup Engineering at 19.65% and ITD Cementation at 18.9%. Meanwhile, over 700 stocks in the smallcap segment slipped into red with 11 of them correcting in double-digits. Kamdhenu Ventures, Opitemus Infracom, Sterling and Wilson were the top losers up to 41% in the week. In the midcap segment, there were no stocks which gained in double-digits. Whirlpool, Petronet LNG, Bayer CropScience and a few others bucked the trend and rose over 5% Among the Sensex pac...

[hfe_template id='11223'] [ad_1] Key equity indices Sensex and Nifty opened at fresh record highs for the sixth consecutive session on Thursday, driven by gains in IT and auto stocks, amid continued optimism over higher foreign inflows. The BSE Sensex was up 123 points, or 0.15%, at 85,290, while the Nifty50 rose 40 points, or 0.15%, to 26,043 around 9:20 am. Benchmark indices also opened higher ahead of speeches from Federal Reserve policymakers later in the day, including remarks from Chair Jerome Powell, which could provide further clues on the U.S. rate outlook. The release of the core personal consumption expenditures (PCE) price index - the Fed's preferred measure of inflation - is also due on Friday. Markets are now pricing in a roughly 62% chance of a 50bp cut at the Fed's November policy meeting and see a total of 77bps worth of cuts by the year end. From the Sensex pack, Maruti, Nestle India, Tata Motors, HCL Tech, and Tech Mahindra opened with gains, w...

[hfe_template id='11223'] [ad_1] JSW Steel shares surged 4% to its day’s high of Rs 984.40 on BSE after the global brokerage firm Macquarie upgraded its rating to overweight and with a target price of Rs 1,077, citing a positive outlook for India's metals sector. In addition to upgrading JSW Steel’s rating to outperform, Macquarie has also raised the target price of the stock from an earlier Rs 884, reflecting an upside potential of over 13% from its closing price on Thursday. Macquarie stated that it is positive on the resilient domestic fundamentals and moderating input costs of the metal sectors as the commodities’ price outlook factors in the upside risks over the next 6-12 months. “Steel companies look set to benefit from domestic price premium to import parity, steady leverage and easing input costs,” said the global brokerage firm in its note. The foreign brokerage firm also believes that the steel stock multiples should be seen in the context of improved ROE ...

[hfe_template id='11223'] [ad_1] Domestic markets continued their recovery rally this week, buoyed by positive US economic data, which diminished the likelihood of a US recession. Moreover, positive global sentiments from ceasefire talks between Israel and Hamas, along with a decline in crude prices, contributed to the rally. During the week, as many as 152 smallcap stocks have delivered double-digit weekly gains with nine of them offering over 30% returns. This is more than thrice the number of smallcaps [43] that gained in double-digits last week. Rane Madras was the top gainer in the smallcap pack with a 39% return, followed by SEPC (38%), Shriram Properties (36%), and Tasty Bite Eatables (35%). About 3 stocks, including Nelco, Uflex and TVS Electronics, have offered returns between 25 and 30% during the week. In the midcap segment, three stocks, including Piramal Enterprises, New India Assurance and Voltas, have risen in double digits. While Piramal has gained 11%, N...

[hfe_template id='11223'] [ad_1] Indian Railway Finance Corporation Share Price 179.79 03:59 PM | 9 Aug 2024 -1.13(-0.63%) One97 Communications Share Price 510.85 03:59 PM | 9 Aug 2024 2.36(0.47%) YES Bank Share Price 23.94 03:59 PM | 9 Aug 2024 0.02(0.09%) ITC Share Price 495.9 03:59 PM | 9 Aug 2024 1.15(0.24%) HDFC Bank Share Price 1650.2 03:59 PM | 9 Aug 2024 7.5(0.46%) Tata Motors Share Price 1068.1 03:59 PM | 9 Aug 2024 26.35(2.53%) Zomato Share Price 267.09 03:59 PM | 9 Aug 2024 1.5(0.57%) Adani Enterprises Share Price 3187.55 03:57 PM | 9 Aug 2024 20.0(0.64%) Infosys Share Price 1770.75 03:59 PM | 9 Aug 2024 27.6(1.59%) Reliance Industries Share Price 2948.6 03:59 PM | 9 Aug 2024 50.35(1.74%) Adani Power Share Price 695.4 03:58 PM | 9 Aug 2024 3.86(0.56%) Vedanta Share Price 428.85 03:58 PM | 9 Aug 2024 6.56(1.56%) Indian Renewable Energy Development Agency Share Price 243.45 03:59 PM | 9 Aug 2024 -4.36(-1.76%) NHPC Share Price 97.77 03:59 PM | 9 Aug 2024 -1.02(-1...

[hfe_template id='11223'] [ad_1] The week will end with the announcement of 33 earnings on Saturday where heavyweight HDFC Bank will declare its April-June quarter results along with lenders Kotak Mahindra Bank and Yes Bank. Other important results that the Street would be keeping its eye on include Can Fin Homes, JK Cement, Poonawalla Fincorp and Netweb Technologies. On Friday, key results of Reliance Industries (RIL), Wipro, UltraTech Cement and JSW Steel were reported. Here's a preview of what the numbers might look like for HDFC Bank and Kotak Mahindra Bank: HDFC Bank Q1 Preview HDFC Bank is likely to put up a muted show in the quarter ended June 2024, compared with the preceding March quarter, mainly due to weak deposit growth. The numbers with the year-ago period are not comparable, owing to its merger with HDFC Ltd. Net profit for the June quarter is likely to fall about 5% year-on-year, according to an average estimate of five brokerages. Meanwhile, net inter...

[hfe_template id='11223'] [ad_1] Benchmark indices Sensex and Nifty rebounded on Tuesday, hitting their fresh record closing levels. In today's trade, shares of Delta Corp, Paytm, Delhivery, Mankind Pharma, JSW Steel among others will be in focus due to various news developments and first quarter results. Delta Corp Delta Corp on Tuesday reported a 34% fall in its standalone net profit to Rs 40.48 crore for the first quarter ended June 2024. The same stood at Rs 61.43 crore in the last year period. Paytm The labour ministry has issued a notice to the management of One97 Communications, the parent firm of Paytm, for alleged forced termination of employees. Bandhan Bank Members of the Bandhan Employees’ Welfare Trust have escalated their agitation against Bandhan founder Chandra Shekhar Ghosh and the Trust’s management, seeking legal help to fight for their rights allegedly violated. JSW Steel Private steel maker JSW Steel Ltd on Tuesday announced its consolidated crud...

[hfe_template id='11223'] [ad_1] Domestic markets traded within a narrow range on Monday and closed nearly unchanged, resulting in a muted session. In today’s trade, shares of Jupiter Wagons, Nestle, RailTel, Bandhan Bank, Godrej Consumer among others will be in focus due to various news developments and first quarter updates. Jupiter Wagons Jupiter Wagons has set the floor price of its qualified institutional placement (QIP) at Rs 689.47 per equity share. Nestle India FMCG major Nestle India declared an interim dividend of Rs 2.75 per share for FY25. Further, its shareholders have approved for continuation of 4.5% royalty payment to its Swiss parent. Utkarsh SFB The Reserve Bank of India has approved the re-appointment of Govind Singh as MD and CEO of the lender for three years with effect from September 21. Godrej Consumer Godrej Consumer saw a double-digit growth in volumes in the first quarter, while the growth was high single-digits in value terms. Bandhan Bank Band...