StockReport Archive

Newsletter: 02nd April 2025

Tata Shares Surge 8%

Aaj Ka Bazaar

Key US indices ended largely positive yesterday, with the S&P 500 and Nasdaq closing higher, while the Dow remained mostly flat. Despite the gains, investor sentiment stayed cautious as concerns over Trump’s tariff policies kept markets range-bound, limiting strong upward momentum. The cautious sentiment among investors extended to Asian markets, but with a mixed reaction. While the Nikkei traded largely flat, the Hang Seng saw a strong recovery from its lows. Despite lingering concerns over tariffs, domestic indices are set for a positive start, with GIFT Nifty indicating moderate gains. However, sustaining this momentum could be challenging, as global market volatility may spill over into local trading. On stock specific front, KEC International would be in the limelight after the company announced that it has successfully bagged new orders worth Rs. 1,236 crores.

Markets Around Us

BSE Sensex – 77,371.66 (-0.06%)

Nifty 50 – 23,211.00 (0.20%)

Bank Nifty – 51,042.90 (0.54%)

Dow Jones – 41,955.51 (-0.08%)

Nasdaq – 17,449.89 (0.87%)

FTSE – 8,634.80 (0.60%)

Nikkei 225 – 35,651.93 (0.08%)

Hang Seng – 23,204.54 (0.05%)

Sector: Tea & Coffee

Tata Consumer Product shares surge 8%

Tata Consumer Products shares jumped 8% to an intraday high of ₹1,073.15 after Goldman Sachs upgraded the stock to a Buy and raised its target price to ₹1,200. The upgrade was based on the company’s strong performance in innovation, wider distribution in growth segments, and reduced interest costs as it pays down acquisition debt. While competition in the sector is still a concern, Goldman Sachs believes the tough phase is mostly over. On the technical side, the stock is showing mixed signals — it’s trading above most short-term and mid-term moving averages but remains below the 150- and 200-day averages. Its RSI is at 57.4 (neutral zone), and MACD is still negative, which could be a caution flag. Despite a flat quarterly profit of ₹279 crore, the stock has gained 41% in the past two years but is still down 17% over the last six months. It currently has a market cap of ₹98,147 crore.

Why it Matters:

It matters because a major global firm like Goldman Sachs backing the stock boosts investor confidence. The upgrade signals potential upside despite recent underperformance. Also, improving fundamentals and reduced debt strengthen its long-term growth story.

NIFTY 50 GAINERS

TATA CONSUMER – 1065.90 (7.42%)

BHARTI AIRTEL – 1757.50 (1.93%)

MARUTI SUZUKI – 11,681 (1.74%)

NIFTY 50 LOSERS

BHARAT ELEC – 277.00 (-5.14%)

NESTLE– 2182.75 (-2.29%)

HINDALCO – 652.90 (-1.63%)

Sector : 2/3 Wheelers

TVS Motor Hits FY25 Sales Peak

TVS Motor shares rose 3% to ₹2,511 on April 2 after the company reported its highest-ever annual sales in FY25 at 4.74 million units, a 13% jump from last year. March 2025 alone saw 17% year-on-year growth, with strong performance across motorcycles, scooters, and exports. Scooters led the growth with a 27% rise, while EV sales jumped 77% to nearly 27,000 units, showing growing demand in the electric segment. Three-wheeler sales also surged 44% in March. In the fourth quarter of FY25, two-wheeler and three-wheeler sales grew 14% and 21% respectively, while exports were up 31%. Over the full year, exports rose 18%. Separately, TVS’s Singapore arm exited its investment in EV startup ION Mobility for $1.75 million, selling its stake and acquiring select assets. The divestment was a small part of TVS’s net worth and was done independently, with no impact on financials since ION wasn’t a fully consolidated entity.

Why it Matters:

TVS Motor’s record sales in FY25 show strong demand across all segments, including electric vehicles and exports. The company’s consistent growth highlights its strong market presence and effective product strategy. Exiting ION Mobility helps streamline its international operations and focus on core growth areas.

Around the World

Asian markets traded in a narrow range on Wednesday as investors waited for clarity on U.S. President Trump’s upcoming tariff announcement, set for 15:00 ET. Dubbed “Liberation Day,” the move includes reciprocal tariffs on key trading partners and a 25% tariff on auto imports starting April 3. Investors stayed cautious due to the potential impact on global trade. Major U.S. indices had closed higher on Tuesday, led by tech gains, but futures remained flat in Asia. Among Asian indices, Japan’s Nikkei was steady, while the TOPIX dipped 0.6%. China’s Shanghai Composite edged up 0.2%, and the Hang Seng rose 0.4%. However, Singapore’s Straits Times Index fell 0.4%, and Australia’s ASX 200 gained 0.2%. India’s Nifty 50 futures were up 0.2%. South Korea’s KOSPI slipped 0.3% amid rising political uncertainty as the Constitutional Court prepares to rule on President Yoon’s impeachment, which could trigger market volatility and affect regional investor sentiment.

Option Traders Corner

Max Pain

Nifty 50 – 23300

Bank Nifty – 51300

Nifty 50 – 23289 (Pivot)

Support – 23,013, 22,860, 22,584

Resistance – 23,441, 23,717, 23,870

Bank Nifty – 51084 (Pivot)

Support – 50,485, 50,142, 49,543

Resistance – 51,426, 52,026, 52,368

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India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024

India’s stock market has seen a 36% rise in retail participation, with over 50 million investors active by 2024. This surge is driven by increased financial literacy, digital trading platforms, and government initiatives. Systematic Investment Plans (SIPs) have also gained popularity, with monthly contributions hitting ₹14,000 crore in early 2025. These trends reflect growing confidence in India’s equity markets.

Weekly Report: 29th March 2025

Weekly Trend Report

Week Gone By

The key equity indices posted decent gains this week, driven by foreign fund inflows and buying in blue-chip stocks, which supported the recovery in equities. The sentiment of the market remained cautions after the US President Donald Trump announced the imposition of tariffs on auto imports into the US. The Nifty 50 ended higher by 0.72% at 23,519.35, while the Sensex increased by 0.66% settling at 77,414.92. The HSBC Flash India Manufacturing PMI increased to 57.7 in March, while . the HSBC Flash India Composite Output Index slipped to 58.6 in March but managed to remain above its long run average of 54.7. Globally, Bank of Japan indicated potential interest rate hikes. The United Kingdom increased by 0.1% between October and December. Meanwhile, the private sector economic activity in the United States accelerated in March, with the S&P Global Composite PMI rising to 53.5. The Services PMI increased to 54.3, while the Manufacturing PMI decreased to 49.8.

Week Ahead

Next week, investor sentiment will be shaped by key economic data releases both domestically and globally. In India, the HSBC Manufacturing PMI Final will be announced on April 2, 2025, followed by the HSBC Services and Composite PMI on April 4, 2025. Additionally, India’s Foreign Exchange Reserves data will also be released on April 4, 2025. Globally, China’s NBS Manufacturing PMI and Caixin Manufacturing PMI will be published on March 31, and April 1, 2025, respectively. The Euro Area’s inflation data on April 1 will also be closely watched. In the US, key data including the ISM Manufacturing PMI, JOLTs Job Openings, and inflation figures will be released on April 1, with non-farm payrolls and the unemployment rate following on Friday, April 4.

Technical Overview

Strong March Rally: Nifty surged 4.64% in March, breaking a five-month losing streak, though futures rollovers dropped to 76.09%, signaling trader caution.
Short-Covering Boost: Open interest fell to 14.07 crore shares from 17.64 crore, indicating short unwinding and fueling bullish sentiment.
Muted Volatility: India VIX remained stable around 13.30, but upcoming macro events like the RBI MPC meet and inflation data could trigger market swings.
FPIs Turn Bullish: Foreign Portfolio Investors increased their Long-Short ratio from 15.19% to 39.86%, adding fresh long positions and supporting further upside.
Key Resistance Levels: Options data shows strong resistance at 24,000-24,500, while support remains firm at 23,000-23,500.
Technical Strength: The index has built a base at 23,000-22,700, aligning with key moving averages and strong put writing.
Breakout Potential: A move above 24,000 could trigger an aggressive short-covering rally, pushing Nifty towards 24,500-24,800.
Trading Strategy: As long as Nifty holds above 23,000, traders should adopt a “Buy on Dips” approach, focusing on a breakout above resistance.
April’s Pivotal Role: Market participants should closely monitor price action this month to confirm if the bullish trend will sustain.

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Newsletter: 01st April 2025

Vodafone Idea Gets Boost

Aaj Ka Bazaar

As April 2nd, referred to as “Liberation Day,” approaches, market sentiment remains fragile. Investor concerns deepened after the U.S. President announced that upcoming tariffs would essentially cover all countries, raising fears of a global trade war and potential economic slowdown. This uncertainty was reflected in safe-haven (gold) gaining traction. Wall Street had a mixed session on Monday, as the Nasdaq closed lower, while the S&P 500 and Dow Jones Industrial Average (DJIA) posted moderate gains. Following the U.S. market cues, Japan’s Nikkei also traded in the green, while Hong Kong’s Hang Seng gained momentum, driven by renewed optimism about China’s economic recovery, as reflected in an improving manufacturing PMI. On the domestic front, Indian markets are expected to remain subdued, with investor caution prevailing ahead of Liberation Day. Additionally, potential foreign institutional investor (FII) sell-offs could exert further pressure, as capital flows may shift toward China amid its strengthening economic outlook. As a result, market sentiment may lean towards weakness in today’s session.

Markets Around Us

BSE Sensex – 77,371.66 (-0.06%)

Nifty 50 – 23,504.80 (-0.06%)

Bank Nifty – 51,610.45 (0.09%)

Dow Jones – 41,887.58 (-0.27%)

Nasdaq – 17,299.29 (-0.14%)

FTSE – 8,582.81 (-0.89%)

Nikkei 225 – 35,696.93 (0.22%)

Hang Seng – 23,363.96 (1.05%)

Sector: Cellular & Fixed line services

Vodafone Idea Surges After Govt Equity Move

Vodafone Idea shares surged 10% in early trade on April 1 after the government approved converting ₹36,950 crore of the company’s spectrum dues into equity. This means Vodafone Idea will issue 3,695 crore new shares at ₹10 each, increasing the government’s stake from 22.6% to 48.99%. However, the stock was trading at ₹7.48, below the issue price. Indus Towers shares also rose nearly 7% as the move eases Vodafone Idea’s financial stress and improves cash flow, which is positive for its network partners. This is the second time the government has converted the telecom operator’s dues into equity. While brokerages like Citi and Motilal Oswal view this as a step in the right direction, concerns remain over Vodafone Idea’s need to raise fresh funds to expand its 4G and 5G networks. Overall, it’s seen as a short-term relief with long-term uncertainties, making it a high-risk, high-reward opportunity for investors.

Why it Matters:

This move gives Vodafone Idea crucial financial breathing room by reducing its debt burden and improving cash flow. It signals the government’s support to keep the company afloat in a highly competitive telecom market. For investors, it opens up a potential turnaround story, though risks remain.

NIFTY 50 GAINERS

ROSSELLIND – 64.63 (20.00%)

RADIANTCMS– 61.29 (19.99%)

HESTERBIO – 1,505.40 (20.00%)

NIFTY 50 LOSERS

PSB – 35.37 (-18.84%)

IRIS- RE– 6.25 (-10.07%)

UCOBANK – 33.40 (-6.44%)

Sector : Civil Construction

RITES Rises 3% on New Contracts

RITES shares rose nearly 3% on April 1 after the company secured new contracts worth ₹312.75 crore from Oil India and Numaligarh Refinery. The company broke a four-day losing streak with this announcement. The contracts include building a housing complex for Oil India in Duliajan, valued at ₹157.25 crore, to be completed in 36 months. Another contract worth ₹155.50 crore from Numaligarh Refinery involves railway siding work at multiple locations and is expected to be completed within 24 months. These projects will be executed on a turnkey basis. Additionally, RITES recently received international and domestic contracts, including an increased order from Ntokoto Rail Holdings in Africa, which doubled in value to USD 10.8 million, and a ₹27.9 crore contract from South Central Railway for surveying a high-speed rail corridor. These developments signal strong order inflows and project execution pipeline, boosting investor sentiment and stock performance.

Why it Matters:

The new contracts strengthen RITES’ order book and reflect its growing presence in both domestic and international markets. Timely execution can boost revenues and support future growth. For investors, it signals business momentum and improved earnings visibility.

Around the World

Asian markets bounced back on Tuesday, following overnight gains on Wall Street. However, investors stayed cautious ahead of the U.S. imposing new reciprocal tariffs on April 2, which could affect global trade. The Reserve Bank of Australia kept interest rates unchanged at 4.10%, as expected, maintaining a cautious stance amid political and global economic uncertainty. Despite the steady rates, Australia’s retail sales came in slightly weaker, showing signs of slowing consumer spending. South Korea’s KOSPI led regional gains, rising 1.9%, while Japan’s Nikkei and TOPIX also moved up. China’s markets gained after strong manufacturing data, with Caixin’s PMI hitting a four-month high, signaling improving factory activity. Hong Kong’s Hang Seng rose 1.3%, while other Southeast Asian indices like Indonesia and Thailand also posted moderate gains. Investors are watching closely as upcoming U.S. tariffs and global demand concerns may influence future market direction, prompting both short-covering and dip-buying in the region.

Option Traders Corner

Max Pain

Nifty 50 – 23317.40

Bank Nifty – 51102.45

Nifty 50 – 23539 (Pivot)

Support – 23,429, 23,340, 23,230

Resistance – 23,628, 23,738, 23,827

Bank Nifty – 51579 (Pivot)

Support – 51,320, 51,076, 50,816

Resistance – 51,824, 52,083, 52,327

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India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024

Newsletter: 28th March 2025

Defence Orders Fuel BEL

Aaj Ka Bazaar

The US market closed lower overnight as investors remained cautious about President Trump’s tariff policies. However, economic data provided some relief, showing that the US economy grew slightly faster than previously estimated in the fourth quarter of 2024. Additionally, weekly jobless claims decreased last week, and pending home sales rebounded in February. In Asia, markets were mostly down this morning, with Japan and South Korea experiencing the most significant losses due to President Trump’s announcement of a 25% tariff on automotive imports. This policy particularly affected Japanese and South Korean markets, with Japan’s Nikkei index declining by 1% and South Korea’s KOSPI falling by 1.3%. Major automakers such as Toyota, Mazda, and Subaru saw notable decreases in their stock prices. The Indian market is expected to have a muted start on Friday, as global sentiment remains fragile due to tariff concerns and ongoing caution ahead of the upcoming quarterly earnings season. Eyes are on the US-India trade meeting, which began on Wednesday and will conclude on Saturday. This meeting involves negotiations over a bilateral trade agreement between the two countries.

Markets Around Us

BSE Sensex – 77,625.66 (0.02%)

Nifty 50 – 23,604.90 (0.05%)

Bank Nifty – 51,789.25 (0.41%)

Dow Jones – 42,374.21 (0.18%)

Nasdaq – 17,804.03 (-0.53%)

FTSE – 8,662.12 (-0.27%)

Nikkei 225 – 36,963.86 (-2.21%)

Hang Seng – 23,353.57 (-0.98%)

Sector: Defense

Bharat Electronics secure ₹1385 Cr in orders

Bharat Electronics Ltd (BEL) shares rose over 1% to ₹305 on March 28 after announcing fresh orders worth ₹1,385 crore since March 12. These new orders include a wide range of defence and electronic systems like radar upgrades, simulators, navigation tools, tank stabilisers, and communication equipment. Notably, BEL has developed advanced AESA radars in partnership with DRDO, showcasing strong Make in India capabilities. Over the past month, BEL’s stock has jumped 22%, outperforming the Nifty’s 6% gain. Analysts remain positive, with JPMorgan maintaining a target of ₹343, seeing the recent dip as a good buying opportunity. BEL is well-placed to benefit from India’s growing defence spending, with expected annual growth of 15-17% in revenue, profits, and operating performance till FY27. The company is also expected to consistently deliver strong returns, making it a reliable stock for both experienced traders and young investors exploring the defence sector.

Why it Matters:

Bharat Electronics is winning big defence contracts, strengthening its revenue pipeline and growth outlook. Its strong stock performance and bullish analyst views make it a reliable pick in the defence sector. With India ramping up defence spending, BEL stands out as a key beneficiary of the Make in India push.

NIFTY 50 GAINERS

TATA CONSUMER – 1007.45 (3.59%)

ONGC– 246.90 (1.95%)

HUL – 2273.40 (1.28%)

NIFTY 50 LOSERS

M&M – 2641.95 (-3.33%)

CIPLA – 1453.00 (-2.02%)

POWER GRID – 290.25 (-5.50%)

Sector :Cement

Ultratech Cement Boosts Capacity with Expanisons

Ultratech Cement shares rose to ₹11,639 on March 27 after the company announced the successful commissioning of several brownfield expansions, boosting its production capacity. The company added 3.35 million tonnes per annum (mtpa) of clinker capacity and 2.7 mtpa of cement capacity at its Maihar plant in Madhya Pradesh, with a second mill expected by Q1 FY26. It also expanded grinding units in Dhule (1.2 mtpa) and Durgapur (0.6 mtpa), and launched a new bulk terminal in Lucknow with a 1.8 mtpa capacity. These moves have increased its domestic grey cement capacity to 183.36 mtpa and global capacity to 188.76 mtpa. The stock is up 14% in a month, beating Nifty’s 6% gain. UBS upgraded Ultratech, setting a ₹13,000 target, citing its strong execution and leadership in the cement space. With sector challenges now priced in, analysts expect an earnings rebound in FY26, making Ultratech a key player to watch.

Why it Matters:

UltraTech’s latest capacity expansions reinforce its position as a market leader, ready to meet future demand growth. Investor confidence is rising, backed by a 14% stock rally and bullish analyst upgrades. As the cement sector gears up for a rebound by FY26, UltraTech is well-placed to lead the charge.

Around the World

Most Asian stock markets fell on Friday as investors remained cautious over U.S. President Trump’s planned tariffs, especially on the auto sector. Japan’s Nikkei and TOPIX dropped over 2% after Tokyo’s inflation data came in higher than expected, raising fears of an early interest rate hike by the Bank of Japan. Auto and tech stocks led the decline, with major names like Toyota, Honda, SK Hynix, and TSMC falling sharply. Concerns about oversupply in AI data centers hit chip stocks hard, especially after reports that Microsoft canceled several data center leases. South Korea’s KOSPI dropped 1.7%, while Taiwan stocks also dipped. Chinese markets saw smaller losses but remain strong in 2025 on optimism around AI and government stimulus. Australia’s ASX 200 gained 0.2% ahead of the RBA meeting next week, and Singapore’s index inched up 0.1%. Indian markets looked set for a flat open, with focus now shifting to upcoming economic data from China.

Option Traders Corner

Nifty 50 – 23500

Bank Nifty – 54000

Nifty 50 – 23550 (Pivot)

Support – 23,453, 23,315, 23,219

Resistance – 23,688, 23,784, 23,922

Bank Nifty – 51477 (Pivot)

Support – 51,179, 50,783, 50,516

Resistance – 51,843, 52,110, 52,506

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India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024

Newsletter: 27th March 2025

JB Chemicals Drops 6%

Aaj Ka Bazaar

The US market lower on Wednesday, as investors expressed concerns over the economic ramifications of the newly announced tariffs. Tech stocks experienced selling pressure amid growing worries about an oversupply of AI data centers and computing capacity. On Thursday, Asian stocks showed mixed results, reflecting the losses seen on Wall Street while investors absorbed US President Donald Trump’s announcement of a 25% tariff on auto imports. The Indian market is expected to open on a sluggish note on Thursday, influenced by Trump’s tariff plan on autos and auto parts set to take effect next week, which has heightened trade tensions and raised concerns about inflation and global growth prospects. The market is likely to trade sideways until the first week of April, with short-term volatility remaining a possibility. Nevertheless, India’s macroeconomic fundamentals remain robust. Increased government spending and improved rural trade dynamics are anticipated to bolster growth, and a potential rate cut by the RBI in April could further enhance market sentiment.

Markets Around Us

BSE Sensex – 77,532.08 (0.32%)

Nifty 50 – 23,528.25 (0.24%)

Bank Nifty – 51,352.60 (0.28%)

Dow Jones – 42,534.92 (0.20%)

Nasdaq – 17,899.01 (-2.04%)

FTSE – 8,689.59 (0.30%)

Nikkei 225 – 37,642.54 (-1.01%)

Hang Seng – 23,712.23 (0.96%)

Sector: Pharmaceuticals

JB Chemicals Dips Sharply

Shares of JB Chemicals dropped over 6% in after a large block deal took place, where 90 lakh shares, or 5.78% of the company’s total equity, changed hands. This caused the stock to hit its biggest single-day fall in four years, trading at ₹1,597 on the NSE. The seller is likely KKR, a global private equity firm and the promoter of JB Chemicals, which holds a 53.66% stake in the company. KKR is reportedly looking to sell around 7% of its stake, with an option to offload an additional 3.5%, aiming to raise up to $300 million. The floor price for the deal is ₹1,625 per share. Investment banks like Kotak Mahindra Capital, Jefferies, IIFL, and Avendus are managing the trade. This move comes after KKR had previously explored exiting the company in 2025 but didn’t close a deal due to valuation issues.

Why it Matters:

The block deal matters because it shows KKR, the main promoter, reducing its stake, which could hint at a change in strategy or confidence. The stock’s sharp fall affects investor wealth and raises concerns about short-term volatility. It also sets the tone for how large pharma stocks may be valued going forward.

NIFTY 50 GAINERS

LARSEN – 3495.00 (2.49%)

SHRIRAM FINANCE– 683.60 (1.73%)

TRENT – 5373.80 (0.97%)

NIFTY 50 LOSERS

TATA MOTORS – 670.95 (-5.27%)

DRREDDY LABS – 1164.60 (-1.06%)

ASIAN PAINTS – 2304.25 (-0.81%)

Sector :Life Insurance

Max Financial Sees ₹569 Cr Stake Shuffle

Max Financial Services came into focus on March 27 after a block deal worth around ₹569 crore took place, involving 51.16 lakh shares or 1.5% of the company’s equity. The shares were traded at an average price of ₹1,112, which is close to the previous day’s closing price. While the exact buyer and seller haven’t been confirmed, reports suggest Max Ventures Investment Holding, part of the promoter group, may be the seller. Some sources estimate the total deal value at ₹611.6 crore, with a floor price of ₹1,117.6 per share. Earlier this week, UBS AG sold 11 lakh shares, which were bought by Integrated Core Strategies (Asia). Brokerage Jefferies remains positive on the stock, citing strong potential from the Axis Bank-Max Life partnership, especially in smaller towns. However, it also flagged regulatory norms around bancassurance as a key factor to watch, as Axis Bank contributes heavily to Max Life’s premiums.

Why it Matters:

This block deal matters because it likely signals a stake reduction by Max Financial’s promoter group, suggesting possible strategic changes within the company. Despite the large transaction, the share price remained stable, reflecting steady investor sentiment backed by the strong Axis Bank-Max Life partnership. However, regulatory developments around bancassurance remain a key area to watch, as they could impact future growth and profitability.

Around the World

Asian currencies saw a small recovery on Thursday as the U.S. dollar weakened slightly, following President Trump’s announcement of a 25% tariff on imported cars and auto parts starting April 2. The US Dollar Index dropped 0.3% to 104.27 but stayed near a three-week high, which limited gains in Asian currencies. Trump’s tariff move is meant to push automakers to produce more in the U.S., but it also raised concerns about global trade tensions and a possible recession, which put pressure on the dollar. As a result, most Asian currencies edged up slightly—Chinese yuan, Japanese yen, South Korean won, Singapore dollar, Philippine peso, Indian rupee, and Indonesian rupiah all saw minor gains. The Australian dollar rose 0.2% after softer inflation data raised hopes of a rate cut. Overall, gains in Asian currencies remained limited due to market uncertainty around upcoming U.S. trade actions and Trump’s unpredictable tariff policy.

Option Traders Corner

Max Pain

Nifty 50 – 23500

Bank Nifty – 51300

Nifty 50 – 23558(Pivot)

Support – 23,380, 23,273, 23,095

Resistance – 23,665, 23,843, 23,949

Bank Nifty – 51384 (Pivot)

Support – 50,893, 50,578, 50,086

Resistance – 51,700, 52,191, 52,506

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India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024

Newsletter: 26th March 2025

Govt Duty Lifts Stylam

Aaj Ka Bazaar

The US market closed higher overnight for the third consecutive session as investors reacted to data indicating a decline in consumer confidence for the fourth straight month, along with President Trump’s more lenient tariff plan. The rating agency Moody’s has issued a warning regarding the US fiscal outlook, stating that Trump’s policies could complicate efforts to offset the increasing deficit and debt. Asian markets saw modest gains this morning after the US Commerce Secretary suggested the Trump administration may walk back some tariffs that sparked a global selloff in markets. The Indian market is expected to open slightly higher on Wednesday, reflecting positive signals from global markets despite indications of decreasing US consumer confidence. A weaker dollar and foreign inflows may help limit any potential losses, as investors anticipate cues from the upcoming earnings season.

Markets Around Us

BSE Sensex – 77,987.45 (-0.04%)

Nifty 50 – 23,684.40 (0.07%)

Bank Nifty – 51,660.95 (0.10%)

Dow Jones – 42,634.68 (0.10%)

Nasdaq – 18,271.86 (0.46%)

FTSE – 8,663.80 (0.30%)

Nikkei 225 – 38,039.65 (0.67%)

Hang Seng – 23,415.89 (0.25%)

Sector: Plywood Board

Stylam Industries surges on Anti-Dumping Duty

Shares of Stylam Industries jumped 8% to ₹1,801 on March 26 after the government imposed a five-year anti-dumping duty on Acrylic Solid Surface imports from China. This is a big win for Stylam, as the company produces nearly 70–80% of these surfaces in India. The duty is expected to protect local manufacturers like Stylam from unfairly cheap imports, boosting its market position and profitability. Acrylic Solid Surfaces are used in countertops, walls, furniture, and more, making them a key product for the company. Analysts are optimistic, projecting strong growth in revenue and earnings over the next few years, and have set a target price of ₹2,582 for the stock. Although the stock had dropped 12% in the last six months, this latest move could signal a positive turnaround. Stylam’s Q3 results showed a strong rise in revenue despite a dip in profit due to higher costs, which the new policy may help offset.

Why it Matters:

The anti-dumping duty gives Stylam Industries a strong advantage, as it makes up 70–80% of India’s Acrylic Solid Surface production. With cheaper Chinese imports restricted, Stylam can protect its pricing power and market share. This policy shift is expected to drive long-term growth and improve investor confidence in the stock.

NIFTY 50 GAINERS

INDUSLND BANK– 655.90 (2.49%)

POWER GRID CORP– 291.00 (1.51%)

BHARTI AIRTEL – 1765.00 (1.12%)

NIFTY 50 LOSERS

DR REDDYS – 1177.90 (-1.77%)

NTPC – 369.00 (-1.04%)

TECH MAHINDRA – 1455.50 (-0.89%)

Sector : Financial Institution

IREDA Raises ₹910 Crore Through Bonds

IREDA shares were in focus on March 26 after the company raised ₹910.37 crore by issuing privately placed Tier-II bonds with a 10-year term and an interest rate of 7.74% per year. This move aims to boost its capital base, support future borrowing, and strengthen its ability to fund clean energy projects. The funds will increase IREDA’s Tier-II capital, improving its financial strength and capital adequacy ratio. This comes shortly after the company launched its first-ever perpetual bonds to raise ₹1,247 crore for Tier-I capital. IREDA also raised its borrowing limit for FY25 to ₹29,200 crore from ₹24,200 crore, signaling an aggressive push to support India’s renewable energy goals. The company plans to use various instruments like bonds, loans, and external borrowings. Analysts remain optimistic, with Geojit Financial giving a ‘Buy’ rating and a target price of ₹196, suggesting a 15% upside from the current levels.

Why it Matters:

IREDA’s bond issuance strengthens its capital base, enabling more funding for clean energy projects. With India targeting 500 GW of non-fossil fuel energy by 2030, this move supports national goals. It also reflects strong investor confidence in IREDA’s financial health and long-term strategy.

Around the World

Asian currencies moved slightly lower on Wednesday as traders remained cautious ahead of the U.S. imposing new trade tariffs from April 2. While President Trump may take a more selective approach targeting specific countries, uncertainty over the impact on global trade is keeping investors on edge. The Chinese yuan, Korean won, and Japanese yen all edged higher slightly, with the yen gaining 0.4% after Japan’s central bank hinted at possible rate hikes if inflation picks up. The Indian rupee stayed flat. Meanwhile, the Australian dollar held steady after inflation data showed a slight cooling, increasing chances of future interest rate cuts by the Reserve Bank of Australia. Australia’s CPI came in at 2.4%, supporting the RBA’s target range. In Thailand, Prime Minister Paetongtarn survived a no-confidence vote, but the Thai baht weakened by 0.5%. Overall, the U.S. dollar index rose to 104.28, reflecting investor preference for safer assets amid ongoing trade policy concerns.

Option Traders Corner

Max Pain

Nifty 50 – 23500

Bank Nifty – 51200

Nifty 50 – 23713(Pivot)

Support – 23,556, 23,445, 23,288

Resistance – 23,825, 23,981, 24,093

Bank Nifty – 51700 (Pivot)

Support – 51,337, 51,066, 50,702

Resistance – 51,971, 52,334, 52,605

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Weekly Report: 23rd March 2025

Weekly Trend Report

Week Gone By

The Indian equity markets witnessed a strong rally over the past week, driven by robust foreign institutional investor (FII) inflows, easing concerns over U.S. interest rates, and attractive valuations in large-cap stocks. Financial stocks played a crucial role in the market’s upward momentum, with Bajaj Finance gaining traction following a leadership announcement. The broader market outperformed frontline indices, with mid-cap and small-cap stocks seeing significant buying interest. The Indian
rupee also strengthened notably against the U.S. dollar, supported by strong inflows. On the macroeconomic front, India’s trade deficit narrowed significantly in February due to a sharp decline in imports, marking the lowest deficit since August 2021. Additionally, India’s wholesale price index (WPI)-based inflation saw a slight uptick in February, primarily due to rising prices of manufactured food products and other goods. On the global front, The Bank of Japan kept interest rates steady at 0.5%,
as expected, citing the need to assess the impact of potential U.S. tariffs on Japan’s export-driven
economy. In the US, the Fed maintained its benchmark overnight interest rate in the 4.25%-4.50% range and signaled that two quarter-point rate cuts are likely later this year.

Week Ahead

The Indian stock market’s positive momentum is expected to continue in the coming week, supported by strong underlying trends and renewed optimism from the U.S. Federal Reserve’s rate-cut outlook. Foreign fund inflows in recent sessions have further boosted investor confidence, although foreign portfolio investors (FPIs) have remained net sellers in March. On the domestic front, key economic indicators, including the upcoming HSBC India PMI data, will provide further cues on economic activity. While optimism prevails, global factors and FPI trends will be closely watched for potential market direction. US Core PCE Price Index MoM data for February will release on 28 March 2025 and quarterly GDP growth data will be released on 27 March 2025.

Technical Overview

Strongest Weekly Gain in Four Years
Nifty surged 4.27%, marking its best weekly performance since February 2021. It crossed 23,400 intra-day before settling at 23,350, gaining 160 points.
Breakout Above Key Resistance
The index moved above the 20-day EMA (22,763.54), confirming a bullish breakout. The next major resistance is at 23,762 – 23,991, which needs to be surpassed for further upside.
Completion of Head & Shoulders Breakdown
The bearish pattern played out, with a low near 21,017.35. The recent rally indicates a shift in market sentiment, favoring buyers.
Directional Movement Index (DMI) Signals Strength
The DI+ (green) is above DI- (red), confirming increasing bullish momentum. The rising ADX suggests a strengthening trend with higher conviction.
RSI Shows Bullish Divergence
The RSI at 66.29 indicates renewed buying strength. Previous bullish divergences successfully led to a price recovery.
MACD Turns Positive
The MACD histogram has turned green, signaling a shift toward upward momentum. A sustained crossover could drive the index towards 24,000+ levels.
Resistance Levels to Watch
The immediate hurdle is at 23,762 – 23,991, which may act as a short-term barrier. If sustained, the index could test the 24,805 – 25,034 zone in the coming weeks.
Critical Support Levels
Immediate support is at 22,787 – 22,763, with stronger demand near these levels. A break below could see further downside towards 22,104 – 21,782.
Market Outlook and Strategy
A close above 23,400 could strengthen the bullish momentum and push the index toward 24,000+. Profit booking is expected near 23,800-24,000, which could lead to short-term consolidations.

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Newsletter: 24th March 2025

Britannia Feels Strike Heat

Aaj Ka Bazaar

The US market performed well on Monday, with the technology sector showing significant gains. The overall market sentiment remained positive throughout the day. This morning, Asian markets were mostly up, driven by easing tariff concerns. The dollar strengthened, reaching a three-week high against the yen and performing well against other currencies, which led to a decline in gold prices toward $3,000 per ounce. Investors are likely to monitor oil price movements closely after Russia downplayed expectations for quick progress in peace talks regarding Ukraine. The Indian market is poised to open higher on Tuesday, following a strong session for US equities fueled by hopes for tariff relief. The Indian government has proposed eliminating the equalization levy (EL), or digital tax, on online advertisements starting April 1, as part of 59 amendments to the Finance Bill 2025 currently being debated in the Lok Sabha. This move aims to bolster India’s efforts to avoid potential retaliatory tariffs from the US, which are set to take effect on April 2.

Markets Around Us

BSE Sensex – 78,243.85 (0.33%)

Nifty 50 – 23,723.60 (0.28%)

Bank Nifty – 51,822.55 (0.23%)

Dow Jones – 42,553.29 (-0.07%)

Nasdaq – 18,188.59 (2.27%)

FTSE – 8,638.01 (-0.10%)

Nikkei 225 – 37,809.69 (-0.05%)

Hang Seng – 23,383.80 (-2.18%)

Sector: FMCG

Strike Halts Gujarat Plant, Britannia Dips

Shares of Britannia Industries dropped to ₹4,754 on March 25 after the company announced that operations at its Jhagadia plant in Gujarat were partly disrupted due to a worker strike that began on March 24. Britannia is currently talking with employees to resolve the issue and is working to minimize supply disruptions using its other resources. Despite a solid Q3FY25 performance with ₹582.3 crore in profit and 7.9% growth in revenue, the stock has fallen over 22% in the past 6 months, underperforming the Nifty 50. The company’s EBITDA grew slightly, but margins dipped to 18.4%. Analysts remain mostly positive on Britannia, with many recommending a “buy” based on strong fundamentals, brand presence, and future growth potential. Britannia expects to maintain margins around 17–18% and plans only small maintenance-related spending in FY26. Management remains optimistic about a volume recovery and continued profitability through strategic pricing and cost controls.

Why it Matters:

This development matters because the strike at Britannia’s Gujarat plant can impact the company’s supply chain and short-term sales. Despite reporting healthy profits and revenue growth, the stock has already fallen over 22% in the past six months, reflecting investor concerns. Continued labor unrest could affect operational stability and weigh further on market sentiment.

NIFTY 50 GAINERS

TCS– 3695.50 (1.60%)

HCLTECH– 1638.00 (1.45%)

TRENT – 5121.50 (1.18%)

NIFTY 50 LOSERS

ZOMATO – 220.00 (-1.21%)

INDUSLND BANK – 662.25 (-1.03%)

SUNPHARMA – 1777.35 (-0.45%)

Sector : Aerospace & Defense

GRSE surges on German Vessel Deal

Shares of Garden Reach Shipbuilders & Engineers (GRSE), a defence PSU, jumped 5% to ₹1,790 after it signed a deal with a German company, Carsten Rehder, to build two more 7,500 DWT multi-purpose cargo ships. This completes an eight-ship order series, with the total contract value remaining around $108 million. These ships, built to carry heavy and specialized cargo like windmill blades, show GRSE’s capability in advanced shipbuilding. Recently, GRSE also signed a contract with PWD Nagaland to supply eight modular steel bridges, adding to its portfolio of over 5,800 bridges delivered across India and neighboring countries. Financially, the company is doing well—its December quarter revenue grew 37% year-on-year to ₹1,271 crore, with a 12% rise in net profit to ₹98 crore and a 55% jump in EBITDA to ₹75.63 crore. The stock’s recent move reflects strong order inflow, export focus, and a solid financial performance, making it a stock to watch.

Why it Matters:

GRSE’s deal with the German firm highlights its growing presence in the global shipbuilding market and ability to deliver specialized vessels. Completing the 8-ship series ensures consistent revenue flow and strengthens client relationships. Combined with strong financials and recent domestic contracts, GRSE is emerging as a key player in defence and infrastructure growth.

Around the World

Asian stock markets mostly moved higher on Tuesday, supported by gains on Wall Street and hopes that U.S. President Trump’s upcoming tariffs may not be as harsh as expected. Japan’s Nikkei rose 0.7%, with export stocks benefiting from a weaker yen, while the broader TOPIX index hit a 9-month high. Australia’s ASX 200 and Singapore’s Straits Times also gained, but South Korea’s KOSPI dipped 0.3% despite Hyundai’s $21 billion U.S. investment plan. China was the outlier—Shanghai indices fell slightly, and Hong Kong’s Hang Seng dropped 2% due to profit booking in tech stocks. Xiaomi fell 5% after a major share sale, and Alibaba lost nearly 3% after its chairman raised concerns over a bubble in the AI data center sector. While Japan’s domestic data was weak, rising wages and consumer spending could support growth, though it may also trigger more interest rate hikes by the Bank of Japan.

Option Traders Corner

Max Pain

Nifty 50 – 23500

Bank Nifty – 51000

Nifty 50 – 23600(Pivot)

Support – 23,491, 23,324, 23,216

Resistance – 23,766, 23,875, 24,042

Bank Nifty – 51434 (Pivot)

Support – 51,066, 50,428, 50,061

Resistance – 52,072, 52,439, 53,077

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India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024

Newsletter: 24th March 2025

UCO Launches ₹2K QIP

Aaj Ka Bazaar

The US market ended mostly higher on Friday, after having fallen sharply earlier following downbeat comments from FedEx about the economic outlook. All three major averages fell by nearly 1% earlier in the day before closing higher as President Trump indicated he’d retain flexibility when it comes to a reciprocal tariff plan expected on April 2. Asian markets struggled for direction this morning after Chinese officials warned of widespread shocks to the global economy from US trade policy. Indian market is seen opening higher on Monday as US President Donald Trump signaled flexibility on upcoming reciprocal tariffs and two Federal Reserve officials downplayed the recent rise in inflation expectations. Movements in US bond yields, foreign fund flows, the direction of rupee and expectations around the upcoming earnings season may sway sentiment as the week progresses.

Markets Around Us

BSE Sensex – 77,315.45 (0.53%)

Nifty 50 – 23,473.20 (0.53%)

Bank Nifty – 51,020.95 (0.84%)

Dow Jones – 42,186.27 (0.46%)

Nasdaq – 17,784.05 (0.52%)

FTSE – 8,646.79 (-0.64%)

Nikkei 225 – 37,659.69 (-0.05%)

Hang Seng – 23,630.55 (-0.27%)

Sector: Banking

UCO Bank Eyes Growth via QIP

UCO Bank is in the spotlight as it launches a ₹2,000 crore Qualified Institutional Placement (QIP) at ₹34.2 per share, slightly below its previous closing price. Despite a 20% drop in its share price over the last six months, the bank reported strong Q3FY25 results with a 27% jump in net profit to ₹639 crore and a 19.6% rise in net interest income. Total income grew 15%, and asset quality improved with gross NPAs falling to 2.91% and net NPAs to 0.63%. The bank aims for 8-10% deposit growth and 12-14% credit growth in FY25 while keeping credit costs under 1%. Analysts remain optimistic due to consistent growth in Retail, Agriculture, and MSME loans, along with potential gains from corporate lending. The QIP move is seen as a step to strengthen capital and fund future growth, which could support better stock performance going forward.

Why it Matters:

UCO Bank’s ₹2,000 crore QIP is a key move to strengthen its capital base and support future growth. With strong Q3 results and improving asset quality, the bank is showing signs of operational efficiency. This development could revive investor interest despite recent stock underperformance.

NIFTY 50 GAINERS

LAMBODHARA– 137.14 (19.99%)

GOLDTECH– 69.08 (19.99%)

SALZERELEC – 1084.25 (11.19%)

NIFTY 50 LOSERS

VIMTALABS – 1067.50 (-7.58%)

IKIO – 273.25 (-6.72%)

QUINTEGRA – 1.72 (-5.49%)

Sector : Real Estate

Land Deal Boosts Godrej Properties Shares

Godrej Properties’ stock rose over 2% on March 24, marking its sixth straight day of gains, after the company announced the acquisition of a 10-acre land parcel in Yelahanka, Bengaluru. This new residential project is expected to have 1.5 million sq. ft. of saleable area with a revenue potential of ₹2,500 crore. The announcement comes after the company recently cancelled a land deal in Kochi. Earlier in February, Godrej sold inventory worth over ₹1,000 crore in its Hinjewadi, Pune project within just four months of acquiring that land. Despite this momentum, the stock is still down over 31% in the last six months, currently trading 35% below its 52-week high and nearly 15% above its recent low. At 9:18 AM, shares were priced at ₹2,187.95 with a market cap of ₹65,897.75 crore. The Bengaluru project signals strong growth plans and could help the company regain investor confidence.

Why it Matters:

Bain Capital’s ₹4,385 crore investment boosts Manappuram’s growth potential and strengthens its balance sheet. As a joint promoter with board presence, Bain adds strategic value, making the stock more attractive to investors.

Around the World

Asian markets traded in a narrow range on Monday as investors waited for clarity on U.S. trade tariffs under Donald Trump. While reports suggested fewer and less aggressive tariffs, concerns remained since many of the targeted countries are in Asia. Japan’s markets fell after weak March PMI data showed both manufacturing and services contracting, raising doubts about future interest rate hikes. Chinese stocks rebounded after news that Ant Group developed cost-effective AI training methods using local chips from Alibaba and Huawei, signaling progress in China’s tech independence. This boosted the CSI 300 and Shanghai Composite indexes. Hong Kong and other Asian markets remained flat, with limited movement seen in Australia, Singapore, and South Korea due to mixed local news and political uncertainty. Indian markets were also expected to open flat after last week’s strong performance. Overall, sentiment was cautious, with investors watching global trade and tech developments closely.

Option Traders Corner

Max Pain

Nifty 50 – 23200

Bank Nifty – 50000

Nifty 50 – 23295(Pivot)

Support – 23,187, 23,025, 22,918

Resistance – 23,457, 23,565, 23,727

Bank Nifty – 50385 (Pivot)

Support – 50,099, 49,605, 49,319

Resistance – 50,879, 51,166, 51,660

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India’s Retail Investor Surge: Market Participation Hits Record Highs in 2024

Newsletter: 21st March 2025

Hindalco Heats Up Market

Aaj Ka Bazaar

U.S. stock markets paused their three-day positive rally on Thursday and ended below the flat line, with the S&P 500 down 0.2%, the Nasdaq 100 slipping 0.3%, and the Dow Jones unchanged amidst trade uncertainties. In contrast, most Asia Pacific markets showed positive movement. Indian markets are expected to be influenced by global trends, with the GIFT Nifty indicating a positive start for the day, though concerns over U.S. trade tariffs persist. Foreign portfolio investors (FPIs) are shifting towards a buying stance, signaling an end to heavy selling. In stock-specific news, Bajaj Finance may see gains after appointing Rajeev Jain as vice chairperson and Anup Kumar Saha as managing director. Investors will also monitor the upcoming India-U.S. trade negotiations and foreign institutional investor (FII) activity.

Markets Around Us

BSE Sensex – 76,212.30 (-0.18%)

Nifty 50 – 23,146.05 (-0.19%)

Bank Nifty – 49,962.70 (-0.21%)

Dow Jones – 41,951.17 (-0.01%)

Nasdaq – 17,691.63 (-0.33%)

FTSE – 8,701.99 (-0.05%)

Nikkei 225 – 37,873.54 (0.32%)

Hang Seng – 23,699.15 (-2.15%)

Sector: Aluminium

Hindalco's ₹45K Cr Expansion Boosts Growth

Hindalco Industries, part of the Aditya Birla Group, is in the spotlight after Chairman Kumar Mangalam Birla announced a massive ₹45,000 crore investment to expand its aluminium, copper, and specialty alumina businesses. This move aims to boost the company’s presence in high-precision, next-gen products and support growth in sectors like electric vehicles (EVs), renewable energy, and semiconductors. Hindalco is already India’s largest integrated aluminium producer and plans to strengthen its position further with new facilities, including a copper foil plant for EVs and a battery foil unit. This expansion is part of the Birla Group’s aggressive growth strategy, which also includes recent entries into the paints and cables segments. Over the past year, Hindalco shares have delivered a strong 31% return, beating the Nifty 50’s 5% rise, making it a stock to watch closely for both seasoned traders and young investors exploring long-term opportunities in India’s growing industrial sectors.

Why it Matters:

Hindalco’s ₹45,000 crore expansion boosts its role in key sectors like EVs, renewable energy, and semiconductors, aligning with India’s industrial growth. This move strengthens its global leadership in aluminium and copper while supporting next-gen technologies. Given its strong stock performance, it’s a company investors should keep on their radar.

NIFTY 50 GAINERS

BAJFINANCE– 8953.50 (3.16%)

NESTLEIND– 2255.95 (1.55%)

NTPC – 346.50 (1.39%)

NIFTY 50 LOSERS

INFY – 1584.15 (-1.94%)

TCS – 3518.05 (-1.27%)

WIPRO – 264.80 (-1.19%)

Sector : NBFC

Manappuram Finance Shares surged 3%

Manappuram Finance shares rose nearly 3% after the company announced that Bain Capital will invest ₹4,385 crore to acquire an 18% stake through a preferential allotment at ₹236 per share. This includes 9.29 crore equity shares and an equal number of convertible warrants, giving Bain Capital the option to increase its stake over time. Once completed, Bain Capital will become a joint promoter alongside the current promoters and gain the right to appoint a director to the board. The deal is subject to approval from shareholders at the EGM on April 16 and clearances from RBI and CCI. If all approvals are granted, Bain may trigger a mandatory open offer to acquire up to 26% more, potentially raising its total holding to over 40%. This strategic investment signals strong long-term confidence in the NBFC, making the stock one to watch for both experienced investors and young market participants.

Why it Matters:

Around the World

Asian markets traded mostly flat to lower on Friday as investors reacted to concerns about rising U.S. tariffs, interest rates, and a potential economic slowdown. Chinese stocks slipped further after recent gains driven by stimulus hopes and AI-related optimism, with profit-taking dragging down major tech names. Japan’s Nikkei and TOPIX saw modest gains after slightly higher-than-expected inflation data increased the chances of more rate hikes from the Bank of Japan, possibly as soon as May. In contrast, Hong Kong’s Hang Seng dropped due to profit booking, especially in tech stocks. Broader markets like Singapore and South Korea showed limited movement, while Australia’s ASX 200 gained 0.4%. Traders remained cautious amid weak global cues, mixed signals from the U.S. Fed, and ongoing tariff concerns. Futures for India’s Nifty 50 indicated a flat start after a recent strong rally began to cool. Overall, markets are in wait-and-watch mode amid global economic uncertainty.

Option Traders Corner

Max Pain

Nifty 50 – 23000

Bank Nifty – 49700

Nifty 50 – 23127 (Pivot)

Support – 23,037, 22,884, 22,794

Resistance – 23,280, 23,369, 23,523

Bank Nifty – 49996 (Pivot)

Support – 49,837, 49,612, 49,454

Resistance – 50,221, 50,380, 50,605