StockReport Archive

Newsletter: 06th March 2025

IndiGo’s Thailand Boost Works

Aaj Ka Bazaar

Wall Street indices ended higher on Wednesday as investors hoped for an easing of trade tensions between the US and major trading countries, with Trump delaying auto tariffs and considering exemptions for certain products. The Dow Jones Industrial Average rose 1.14%, the S&P 500 gained 1.12%, and the Nasdaq Composite climbed 1.46%. Following this positive close in the US markets, Asian markets also traded higher on expectations of tariff relief. Tracking gains from global markets, Indian benchmark indices are expected to open on a positive note, as indicated by the GIFT Nifty trading in positive territory. However, investor sentiments may fluctuate depending on further developments in US tariff policies and negotiations with its trading partners. On the stock-specific front, IT services firm TCS has entered into a partnership with Vantage Towers, Europe’s second-largest telecom tower operator, to launch a digital service platform to improve the experience of property owners leasing land for telecom tower installations. This platform will streamline service processes, enhance property owner retention, and strengthen telecom site partnerships across Europe.

Markets Around Us

BSE Sensex – 74,081.83 (0.48%)

Nifty 50 – 22,450.45 (0.51%)

Bank Nifty – 48,700.00 (0.43%)

Dow Jones – 42,999.68 (-0.02%)

Nasdaq – 18,553.64 (1.47%)

FTSE – 8,755.84 (-0.04%)

Nikkei 225 – 37,721.58 (0.81%)

Hang Seng – 24,219.64 (2.65%)

Sector: Airline

Indigo's Krabi Route Lifts Shares 3%

IndiGo has announced new direct flights from Mumbai to Krabi, Thailand, starting March 23, 2025. The airline will begin with six flights a week and plans to make it a daily service from March 30. With this launch, Krabi becomes IndiGo’s third destination in Thailand, after Bangkok and Phuket. This move comes as air travel in India continues to grow, with passenger traffic up over 11% in January. IndiGo remains the market leader with a 65.2% share, well ahead of competitors. Meanwhile, global brokerage Jefferies has added IndiGo’s parent company, InterGlobe Aviation, to its India portfolio, showing increased confidence in the stock. Following this news, IndiGo shares rose nearly 3% to an intraday high of ₹4,722.1 and have gained over 5% in the last two sessions. The combination of strong passenger demand, expanding routes, and positive market sentiment is driving interest in IndiGo’s stock.

Why it Matters:

This news matters because IndiGo’s launch of direct flights to Krabi strengthens its international network and taps into the growing demand for travel between India and Thailand. With domestic air traffic rising and IndiGo holding a strong 65% market share, the airline is well-positioned to benefit from increasing passenger numbers. Additionally, positive coverage from global brokerages like Jefferies, combined with expanding routes and strong financial performance, is boosting investor confidence and supporting the recent rise in IndiGo’s stock price.

NIFTY 50 GAINERS

BPCL– 263.39 (2.95%)

RELIANCE – 1199.15 (2.00%)

ASIANPAINT – 2205.10 (1.89%)

NIFTY 50 LOSERS

SBILIFE – 1413.25 (-0.52%)

INFY – 1702.65 (-0.52%)

BRITANNIA – 4703.30 (-0.40%)

Sector: Civil Construction

RRP Infra Hits Upper Circuit on Orders

RPP Infra Projects shares hit the upper circuit on March 6 after the company won a new project worth ₹80.98 crore from the Chennai Metropolitan Water Supply & Sewerage Board. The project involves improving the water supply system in parts of Chennai by building underground water tanks, setting up distribution stations, and replacing old pipelines. At 9:23 AM, the stock was trading at ₹137.55 on the BSE, up 5%, with strong buying interest and no sellers available. This is the third major order win for the company in recent months, following ₹108.80 crore and ₹87.56 crore projects secured in February and January. Along with these fresh orders, the company recently reported a 17% increase in its quarterly profit, which adds to the positive outlook. With consistent project wins and improved financial performance, RPP Infra is gaining attention from both traders and investors, helping drive its share price higher.

Why it Matters:

This matters because RPP Infra’s repeated project wins are boosting its future revenue and growth potential. Strong financial performance, along with these new orders, is increasing investor confidence. The stock hitting the upper circuit with heavy buying shows strong market interest and positive sentiment.

Around the World

Asian stock markets bounced back on Wednesday after hopes grew that U.S. President Donald Trump might negotiate the new tariffs he imposed on Mexico, Canada, and China. Just a day earlier, heavy tariffs led to sharp market drops and retaliation from Canada and China. Canada hit back with 25% tariffs on U.S. goods, while China raised taxes on U.S. farm products like chicken, wheat, and soybeans. However, comments from the U.S. Commerce Secretary hinting at possible talks helped calm investors. Japan, Hong Kong, and Indonesia led the gains, while Australia’s market fell 0.8% even though its economy grew better than expected, as investors worried about the impact on trade with China. Meanwhile, China’s stock markets inched up as the government set a 5% GDP growth target for 2025 and plans more spending to support the economy during its annual parliament meeting. Traders are now watching for updates on the trade talks and China’s policies.

Option Traders Corner

Max Pain

Nifty 50 – 22350

Bank Nifty – 49000

Nifty 50 – 22266 (Pivot)

Support – 22,138, 21,939, 21,811

Resistance – 22,465, 22,593, 22,792

Bank Nifty – 48445 (Pivot)

Support – 48,234, 47,978, 47,766

Resistance – 48,701, 48,913, 49,169

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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.

Newsletter: 05th March 2025

RVNL Bags ₹729 Cr Deal

Aaj Ka Bazaar

Wall Street indices ended lower on Tuesday after a volatile session, driven by escalating trade tensions following Trump’s new tariffs on Canada, Mexico, and China. In response, Canada and China announced retaliatory measures. The Dow Jones Industrial Average fell 1.55%, the S&P 500 lost 1.22%, and the Nasdaq Composite declined 0.35%. Asian markets traded mixed as hopes of tariff relief emerged after Trump’s announcement, which had triggered a global selloff. Following these global cues, Indian benchmark indices are expected to open on a slightly positive note, as indicated by GIFT Nifty trading in the green. On the stock-specific front, IT solutions company Coforge Ltd signed a $1.56 billion multi-year agreement with Sabre Corporation, a leading global travel technology company, on Tuesday. This agreement aims to strengthen their long-standing partnership and accelerate Sabre’s product roadmap. Under the deal, Coforge will play a key role in enhancing product delivery and developing AI-enabled solutions, reinforcing Sabre’s commitment to innovation, speed, and scale.

Markets Around Us

BSE Sensex – 73,143.81 (0.21%)

Nifty 50 – 22,073.05 (-0.04%)

Bank Nifty – 48,241.30 (-0.01%)

Dow Jones – 42,773.33 (0.59%)

Nasdaq – 18,288.64 (-0.34%)

FTSE – 8,859.00 (-1.28%)

Nikkei 225 – 37,588.47 (0.67%)

Hang Seng – 23,318.38 (1.62%)

Sector: Civil Construction

RVNL Secures ₹730 Cr HP Project Win

RVNL shares are in focus on March 5 after the company received a ₹729.82 crore project from Himachal Pradesh State Electricity Board Limited (HPSEBL). The project involves improving the power distribution network in the Central Zone of Himachal Pradesh under a government scheme aimed at reducing power losses, and it must be completed within 24 months. Recently, RVNL has been securing several big projects. On February 21, it was the lowest bidder for a railway electrification project between Rayadurga and Topavagada. Before that, on February 18, it won a ₹554 crore joint venture project for the Bengaluru Suburban Rail Project. Despite these wins, RVNL’s financial results for Q3 FY25 showed a 13% drop in profit to ₹311 crore and a 3% fall in revenue to ₹4,567 crore compared to the same quarter last year. Traders and investors are closely watching the stock to see how these new projects impact future growth.

Why it Matters:

RVNL is gaining attention by securing major projects like the ₹729 crore Himachal power upgrade, adding strength to its order book. Although its recent profits and revenue dipped, these new contracts may help revive growth. Investors are now watching to see if these wins can boost the stock’s future performance.

NIFTY 50 GAINERS

HCLTECH– 1579.05 (2.84%)

M&M – 2674.05 (2.32%)

TECHM – 1521.65 (2.24%)

NIFTY 50 LOSERS

BAJFINANCE – 8236.90 (-4.07%)

BAJAJFINSV – 1746.95 (-2.42%)

SHRIRAMFIN – 624.50 (-1.33%)

Sector: Software & Consulting

Coforge Surges on Deals, Stock Split

Coforge shares jumped over 6% on March 5 after the company announced two acquisitions, a major $1.56 billion deal, and its first-ever stock split. Coforge signed a 13-year agreement with US-based Sabre Technologies to deliver products and AI solutions, strengthening its position in the travel tech space. The company is also acquiring TMLabs in Australia for AUD 20 million to boost its ServiceNow services and Rythmos in the US for $30 million to expand its data and cloud services, especially in the airline sector. Both acquisitions include extra payments based on future performance. Additionally, Coforge plans to split its shares from Rs 10 to Rs 2 each, making them more affordable for investors, with the process expected to finish in about three months. Jefferies has maintained a ‘buy’ rating, increasing Coforge’s target price to Rs 10,350, highlighting strong revenue visibility and future growth from these moves.

Why it Matters:

Coforge’s recent $1.56 billion deal and two strategic acquisitions are big steps to expand its presence in high-growth areas like travel technology, cloud, and data services. The company’s decision to split its shares will also make the stock more accessible to investors, which could increase demand. Together, these developments are expected to boost Coforge’s revenue, strengthen its global footprint, and drive long-term growth, making the stock more attractive to both traders and long-term investors.

Around the World

Option Traders Corner

Max Pain

Nifty 50 – 22300

Bank Nifty – 49000

Nifty 50 – 22050 (Pivot)

Support – 21,996, 21,910, 21,856

Resistance – 22,136, 22,191, 22,277

Bank Nifty – 48181 (Pivot)

Support – 47,988, 47,731, 47,538

Resistance – 48,438, 48,631, 48,888

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

Newsletter: 04th March 2025

RBL Bank Under Pressure

Aaj Ka Bazaar

Wall Street indices ended in the negative territory on Monday after President Donald Trump announced a 25% tariff on Canada and Mexico. The Dow Jones Industrial Average dropped by 1.48%, the S&P 500 declined by 1.76%, and the Nasdaq Composite fell by 2.64%. Following the downturn in the US markets, Asian equities also declined, as Trump’s decision to impose tariffs on trading partners raised concerns about a potential trade war impacting global economic growth. As a result, Indian benchmark indices are expected to open slightly lower, as indicated by the negative movement in GIFT Nifty. On the stock-specific front, IndiGrid Investment Managers Ltd announced that its wholly-owned subsidiary, IndiGrid 2 Pvt Ltd, has received a letter of intent from REC Power Development and Consultancy Ltd for an inter-state transmission project under the tariff-based competitive bidding (TBCB) framework. Construction of the project is expected to take 24 months, after which the project is expected to generate annual transmission charges of Rs. 195.2 crores.

Markets Around Us

BSE Sensex – 72,795.36 (-0.40%)

Nifty 50 – 22,009.15 (-0.50%)

Bank Nifty – 48,187.15 (0.15%)

Dow Jones – 43,229.80 (0.08%)

Nasdaq – 18,346.32 (-2.66%)

FTSE – 8,871.31 (0.69%)

Nikkei 225 – 37,106.10 (-1.79%)

Hang Seng – 22,893.90 (-0.51%)

Sector: Banking

RBL Bank Falls Amid GST Raids

RBL Bank’s stock dropped over 2% after the Maharashtra State GST Department began search operations at three of its offices under the MGST Act, 2017. The bank is fully cooperating by sharing all required data, but the investigation is still ongoing. This comes as RBL Bank is working on improving its business with new leadership changes, including appointing senior experts to boost branch banking, operations, and customer service. Despite these efforts, the bank is facing financial pressure. In the third quarter of FY25, its net profit fell sharply by 86% year-on-year to ₹32.63 crore, and its bad loan ratio (NPA) slightly increased to 2.92%. These updates have put the stock under pressure, and traders are watching closely for further developments.

Why it Matters:

This matters because the GST search raises concerns about possible regulatory issues at RBL Bank, which can impact its operations and reputation. At the same time, the bank is already under pressure with a steep fall in profit and a slight rise in bad loans, showing signs of financial stress. These combined factors could affect investor confidence and put more pressure on the stock in the coming days.

NIFTY 50 GAINERS

SBIN– 706.35 (1.59%)

BEL – 260.78 (1.32%)

ULTRACEMCO – 10381.85 (0.40%)

NIFTY 50 LOSERS

HCLTECH – 1523.95 (-3.08%)

TECHM – 1452.30 (-2.73%)

INFY – 1671.40 (-2.18%)

Sector: Energy

IEX Shares Dip Despite Volume Surge

Shares of Indian Energy Exchange (IEX) fell over 2% even though the company reported a 9% increase in electricity trading volumes in February, reaching 9,622 million units. While trading activity grew, the market clearing price dropped 11% compared to last year, which may have affected earnings potential. Key segments like the Day Ahead Market and Real-Time Market saw strong volume growth of 14% and 23%, respectively. IEX recently posted a nearly 19% rise in net profit for the December quarter, supported by higher trading volumes and improved liquidity, thanks to better fuel supply. However, analysts remain cautious about future growth, warning that power demand might slow and long-term contract clarity is still pending. Despite strong recent performance, there are concerns about whether IEX can maintain this pace, which, along with broader market pressure, is keeping the stock under watch for traders and investors.

Why it Matters:

This matters because while IEX is seeing strong growth in trading volumes, the drop in electricity prices can impact its overall revenue and profitability. At the same time, there are concerns about slower power demand ahead and delays in policy updates on long-term contracts, which create uncertainty for future growth. These factors make the stock important to track, as they can influence both short-term performance and long-term potential.

Around the World

Asian stocks fell on Tuesday, following a sharp decline on Wall Street after U.S. President Donald Trump confirmed 25% tariffs on imports from Mexico and Canada and raised tariffs on Chinese goods from 10% to 20%. These moves increased global trade tensions, with China and Canada warning of retaliation, raising fears of supply chain disruptions and slower economic growth. Japan’s Nikkei dropped nearly 2%, while other major Asian markets like Hong Kong, Indonesia, and Singapore also declined. In Australia, retail sales showed slight improvement, but the central bank stayed cautious after its recent rate cut, keeping an eye on inflation and wages. Meanwhile, China’s important “Two Sessions” political meetings started, where leaders are expected to announce a 5% GDP growth target and discuss key policies on the economy, defense, and technology. With global trade uncertainty rising, investors are watching these updates closely to understand how markets may react.

Option Traders Corner

Max Pain

Nifty 50 – 22300

Bank Nifty – 49000

Nifty 50 – 22128 (Pivot)

Support – 21,995, 21,871, 21,738

Resistance – 22,252, 22,385, 22,509

Bank Nifty – 48176 (Pivot)

Support – 47,778, 47,443, 47,045

Resistance – 48,512, 48,910, 49,245

Have you checked our latest YouTube Video

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

Weekly Report: 01st March 2025

Weekly Trend Report

Week Gone By

Indian equity markets ended the week with significant losses, marking the fourth consecutive week of declines. Both the S&P BSE Sensex and Nifty 50 fell sharply due to global uncertainties and tariff-related announcements by the US. India’s foreign exchange reserves fell to $635.72 billion, snapping a three-week gaining streak. The Reserve Bank of India reported a marginal 0.3% rise in currency circulation, while the overall reserve money contracted by 1.1%. Meanwhile, Tuhin Kanta Pandey was appointed as the new SEBI chairperson, succeeding Madhabi Puri Buch. India’s GDP growth for the October-December quarter stood at 6.2%, largely in line with expectations. Global markets remained volatile as the US announced an additional 10% tariff on Chinese imports, alongside reaffirmed plans to impose a 25% tariff on imports from Canada and Mexico

Week Ahead

The upcoming week will set the tone for global risk appetite, with central bank policy expectations and geopolitical developments taking center stage. For Indian markets, the combination of global economic outlook, tariff concerns, and foreign fund flows will drive market direction. The US Nonfarm Payrolls and Eurozone CPI will offer crucial insights into labor market strength and inflation trends in the US economy, potentially shaping interest rate expectations. The ECB interest rate decision and the Fed Monetary Policy Report will further guide investor sentiment on future policy directions. Any surprises in job data or inflation could drive market volatility, making this week critical for gauging the global economic outlook.

Technical Overview

Sharp Decline in Nifty: Nifty 50 experienced a sharp decline this week, closing at 22,124.70, down 1.86% on the last trading session, signaling strong bearish momentum.
Head & Shoulders Breakdown: The formation and breakdown of the Head & Shoulders pattern accelerated the sell-off, leading to a sustained downtrend.
Key Support at 22,000: The index is hovering near the 22,000 support level, which has been crucial in recent sessions. A breakdown below this level could push Nifty toward 21,700–21,500 in the coming days.
Resistance at 22,700: A decisive breakout above 22,700 could provide a positive momentum shift, opening doors for 23,000 and above in the March series. Bearish RSI & ADX Signals: The Relative Strength Index (RSI) remains in bearish territory, reinforcing weakness. Additionally, the ADX indicator shows a strengthening downtrend, confirming selling pressure.
MACD & DMI Bearish Crossover: The MACD histogram has deepened into negative territory, while the Directional Movement Index (DMI) exhibits a strong bearish crossover, suggesting downside continuation. High Selling Volume: A spike in sell-side volume highlights institutional selling, which could further weigh on Nifty unless fresh buying interest emerges.
Consolidation or Breakdown?: Until a decisive move above 22,700 or below 22,000 occurs, the market is likely to consolidate within this range. However, a downside breach could lead to a sharp fall toward 21,700–21,500 levels.

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Newsletter: 03rd March 2025

TVS Motors Reports Strong Growth

Aaj Ka Bazaar

Wall Street indices ended higher on Friday, driven by gains in tech stocks. The S&P 500 rose by 1.59%, the Nasdaq was up by 1.63%, and the Dow Jones Industrial Average increased by 1.39%. Markets in the Asia-Pacific region opened higher despite concerns about tariffs on Canada, Mexico and China. Following the strong positive trend in global markets, Indian benchmark indices are expected to open on a positive note, as indicated by the GIFT Nifty trading in positive territory. The recovery in GDP growth from a seven-quarter low is also expected to boost market sentiment. On the stock-specific front, RailTel Corporation of India has received a work order worth ₹26.4 crore from the Cuttack Development Authority. Additionally, it has secured another work order valued at ₹37.2 crore from the Madhya Pradesh State Electronics Development Corporation. The company will provide 14 units of a billboard system, including hardware and AMC, along with command and control support for three years at various locations in Cuttack City.

Markets Around Us

BSE Sensex – 73,397.63 (0.27%)

Nifty 50 – 22,187.35 (0.28%)

Bank Nifty – 48,257.35 (-0.18%)

Dow Jones – 43,178.43 (-0.14%)

Nasdaq – 18,550.63 (-2.75%)

FTSE – 8,756.21 (0.28%)

Nikkei 225 – 36,999.65 (-3.28%)

Hang Seng – 23,139.65 (-2.40%)

Sector: 2/3 Wheelers

TVS Motor share price rises 3% on better sales data

TVS Motor Company’s share price rose 3% after the company reported strong sales for February 2025. At 09:24 AM, the stock was trading at Rs 2,287.55, up 2.79%. The company’s overall sales increased by 10% to 4,03,976 units, compared to the same month last year. In the two-wheeler segment, sales grew by 10%, with domestic sales up 3%. The motorcycle segment saw a 5% growth, while the scooter segment rose by 24%. Electric vehicle sales jumped 34%. TVS also reported a 26% rise in international exports. Additionally, the company launched new three-wheeler models in Mexico and signed an agreement with Karnataka for a Rs 2,000 crore investment in a global capability centre. TVS Motor had a 4.2% profit increase for Q3 and a 10% rise in revenue. Its stock is currently trading 24.77% below its 52-week high and 18.81% above its 52-week low.

Why it Matters:

TVS Motor’s strong sales growth signals a healthy business performance, boosting investor confidence. The company’s expansion into international markets and new product launches also suggest future growth potential. The positive financial results and strategic investments make the stock attractive to traders and investors.

NIFTY 50 GAINERS

M&M– 2652.55 (2.61%)

ULTRACEMCO – 10388.40 (2.57%)

GRASIM – 2358.10 (2.23%)

NIFTY 50 LOSERS

INDUSINDBK – 995.85 (-3.46%)

COALINDIA – 358.95 (-2.82%)

RELIANCE – 1168.70 (-2.62%)

Sector: Fintech

Paytm Faces ED Show Cause Notice

Shares of Paytm’s parent company, One97 Communications, are in the spotlight on March 3 after it received a notice from the Enforcement Directorate (ED) for violating the Foreign Exchange Management Act (FEMA). The notice is related to the company’s acquisitions of Little Internet Private Limited (LIPL) and Nearbuy India Private Limited (NIPL) between 2015 and 2019. The ED has accused the company and its subsidiaries of breaching FEMA rules during this period, involving transactions worth over Rs 245 crore for One97 Communications, Rs 345 crore for LIPL, and Rs 21 crore for NIPL. The notice also involves some of the company’s past and current directors. Paytm clarified that this issue will not affect its services to consumers or merchants, which remain secure and fully operational. The company is seeking legal advice to resolve the matter in line with the law.

Why it Matters:

The ED’s notice on FEMA violations raises regulatory concerns for Paytm’s parent company, potentially affecting investor confidence. The legal issue could lead to financial penalties or operational restrictions if not resolved. However, Paytm reassured that its services remain unaffected, minimizing immediate risks.

Around the World

Asian stocks rebounded at the start of the month, following a strong finish on Wall Street, with Chinese shares rising after positive factory activity data. Investors were cautiously waiting for U.S. President Trump’s decision on trade tariffs, which is expected this week, but there’s some hope for softer measures. Last week, U.S. stock indexes ended higher, with inflation data meeting expectations. Despite a tough previous session for Asian stocks, including a tech sell-off, the mood improved after U.S. Commerce Secretary hinted at less aggressive tariffs. Major Asian markets, including Japan’s Nikkei and Hong Kong’s Hang Seng, saw strong gains on Monday. China’s Shanghai Composite also rose after better-than-expected manufacturing data showed a 3-month high in activity. Investors are closely watching China’s upcoming Two Sessions meetings for signals on economic policies, with expectations for measures to stabilize the economy, amid slow growth and a struggling property sector.

Option Traders Corner

Max Pain

Nifty 50 – 22450

Bank Nifty – 49100

Nifty 50 – 22226 (Pivot)

Support – 22,002, 21,881, 21,657

Resistance – 22,348, 22,572, 22,693

Bank Nifty – 48332 (Pivot)

Support – 48,090, 47,836, 47,594

Resistance – 48,586, 48,828, 49,082

Have you checked our latest YouTube Video

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

Newsletter: 28th February 2025

Transrail Bags ₹2,752 Cr Orders

Aaj Ka Bazaar

The sell-off on Wall Street also came as President Donald Trump clarified that previously paused 25% tariffs on imports from Mexico and Canada will go into effect on March 4. Asian equities fell Friday after heavy selling on Wall Street as traders grappled with underwhelming Nvidia Corp. results, further details on US tariffs and mixed economic data. Indian market may also drift lower on Friday after US President Donald Trump said his proposed 25% tariffs on Mexican and Canadian goods would take effect on March 4, along with an extra 10% duty on Chinese imports over the fentanyl opioid crisis. India’s Q3 GDP data is due later in the day, and it is estimated that weak urban consumption, along with moderation in real estate activity, will likely drag economic growth. On stock-specific news, A Singrauli Punarasthapan charge of Rs 300 per tonne, over and above the notified price of coal, will be levied uniformly across all mines of Northern Coalfields (Coal India subsidiary) effective May 1. The expected additional revenue will be around Rs 3,877.50 crores.

Markets Around Us

BSE Sensex – 74,607.56 (0.01%)

Nifty 50 – 22,324.95 (-0.98%)

Bank Nifty – 48,308.95 (-0.89%)

Dow Jones – 43,178.43 (-0.14%)

Nasdaq – 18,550.63 (-2.75%)

FTSE – 8,756.21 (0.28%)

Nikkei 225 – 36,999.65 (-3.28%)

Hang Seng – 23,139.65 (-2.40%)

Sector: Heavy Electrical Equipment

Transrail Secures ₹2,752 Cr Orders, Shares Surge

Transrail Lighting’s stock surged over 6% in early trade on Friday after securing ₹2,752 crore worth of new orders in the Transmission & Distribution (T&D) segment, pushing its total order book beyond ₹7,400 crore. This marks a nearly 90% growth in order inflows compared to last year. The company, a key player in EPC projects across T&D, Civil, Railways, and Lighting, has a strong execution track record with over 200 completed projects in 58 countries. Despite this boost, Transrail’s stock has declined 3% in the past month and over 11% year-to-date. The stock had a strong IPO debut in December 2024, listing with a 36% gain, but has since dropped over 11% from its peak of ₹719.15 in January. With a growing order pipeline, solid manufacturing capacity, and execution strength, the company expects positive growth in the coming quarters, making it one to watch for traders and investors.

Why it Matters:

Transrail Lighting’s ₹2,752 crore order win significantly strengthens its order book to ₹7,400 crore, reflecting a strong growth trajectory in the Transmission & Distribution sector. This highlights the company’s increasing competitiveness and ability to secure large projects, reinforcing confidence in its long-term potential.

NIFTY 50 GAINERS

COALINDIA– 372.45 (2.36%)

SHRIRAMFIN – 618.00 (1.85%)

GRASIM – 2347.95 (0.34%)

NIFTY 50 LOSERS

INDUSINDBK – 990.30 (-5.39%)

M&M – 2631.10 (-3.50%)

TECHM – 1533.05 (-3.48%)

Sector: Pharma

Mankind Pharma's Merger Approved by NCLT

Mankind Pharma has received approval from the National Company Law Tribunal (NCLT) for the merger of Shree Jee Laboratory, JPR Labs, and Jaspack Industries, with the official merger date set as April 1, 2024. Once the order is filed with the Registrar of Companies, the three companies will be dissolved and integrated into Mankind Pharma. The company, known for pharmaceutical formulations and consumer healthcare brands like Manforce, Prega News, and Unwanted 72, continues to hold strong market positioning. Mankind Pharma’s stock had a strong debut in May 2023, listing at ₹1,422 per share—a 31.7% premium over its issue price. It later peaked at ₹3,054 in December but has since declined by 25% to ₹2,294 due to a broader market sell-off. Despite recent weakness, the merger is expected to strengthen the company’s operations, potentially improving long-term growth prospects.

Why it Matters:

Mankind Pharma’s merger with Shree Jee Laboratory, JPR Labs, and Jaspack Industries strengthens its business by integrating key subsidiaries, enhancing operational efficiency. The stock, which once peaked at ₹3,054, has dropped 25% due to market sell-offs, making it a crucial watch for investors. This consolidation could drive long-term growth, reinforcing Mankind Pharma’s leadership in pharmaceuticals and consumer healthcare.

Around the World

Asian stocks fell sharply on Friday, led by declines in Japan and South Korea, as local tech shares followed a major sell-off in Nvidia on Wall Street. Despite strong earnings, Nvidia’s stock dropped due to concerns over profit margins, impacting global tech stocks. Japan’s Nikkei 225 lost 3.2%, with SoftBank and Tokyo Electron falling over 5%, while South Korea’s KOSPI declined 3.1% as Samsung and SK Hynix tumbled. Indian and Australian markets also opened lower. Meanwhile, Hong Kong stocks gained nearly 15% in February, driven by optimism around DeepSeek, a Chinese AI company rivaling OpenAI, boosting Alibaba and Xiaomi shares. In Japan, inflation slowed to 2.2% in February but remained above the Bank of Japan’s target for the fourth straight month. Industrial production fell 1.1% in January but is expected to rise in February, signaling cautious optimism. Investors are closely watching U.S. inflation data, which could influence future interest rate decisions.

Option Traders Corner

Max Pain

Nifty 50 – 22600

Bank Nifty – 49500

Nifty 50 – 22555 (Pivot)

Support – 22,497, 22,450, 22,392

Resistance – 22,602, 22,660, 22,707

Bank Nifty – 48781 (Pivot)

Support – 48,589, 48,435, 48,244

Resistance – 48,935, 49,126, 49,280

Have you checked our latest YouTube Video

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

Newsletter: 27th February 2025

Tata Power’s Green Push

Aaj Ka Bazaar

The US market ended mixed overnight after President Trump threatened to slap a 25% tariff on imports from the European Union and indicated that the effective date of the levies on imports from Mexico and Canada could be pushed back from March 4th to April 2nd, the same day he purportedly plans to announce reciprocal tariffs on other US trade partners. Asian markets clung to modest gains this morning, even as Chinese and Hong Kong stocks slipped into the red after sharp gains in the previous session. Indian market looks set for a muted start on Thursday due to prevailing uncertainty over US President Donald Trump’s trade policies and ongoing FII selling. Moody’s Ratings said India has a lower overall exposure to the US than others in the APAC region, although specific sectors such as food, textiles and pharmaceutical products face risks. Moody’s said most companies in its rated portfolio are domestic-focused with limited exposure to the US market.

Markets Around Us

BSE Sensex – 74,607.56 (0.01%)

Nifty 50 – 22,555.00 (0.03%)

Bank Nifty – 48,827.55 (0.45%)

Dow Jones – 43,448.17 (0.03%)

Nasdaq – 19,058.81 (0.01%)

FTSE – 8,731.46 (0.72%)

Nikkei 225 – 38,072.79 (-0.17%)

Hang Seng – 23,535.80 (-1.07%)

Sector: Power

Tata Power Signs MoU, Shares Fall

Tata Power’s share price dropped by 1.08% to Rs 347.25 on February 27, despite the company signing an agreement with the Assam government to develop up to 5000 MW of renewable energy. The project will involve an investment of Rs 30,000 crore over the next five years and include solar, wind, hydro, and energy storage projects. The Assam government will help by providing about 20,000 acres of government land and supporting infrastructure development for better transmission connectivity. Tata Power also signed an MoU with Assam Power Distribution Company to boost renewable energy adoption. Despite the positive developments, Tata Power’s share price fell. On the financial side, Tata Power reported a 10% growth in its Q3 net profit, reaching Rs 1,188 crore, and a 3% increase in revenue to Rs 15,793 crore. Moody’s upgraded Tata Power’s outlook to positive, citing the company’s strong performance and growing renewable business.

Why it Matters:

Tata Power’s partnership with the Assam government signals major growth in renewable energy, which could boost long-term profits. The Rs 30,000 crore investment enhances the company’s clean energy portfolio. Despite positive developments, the drop in share price highlights market volatility or investor caution.

NIFTY 50 GAINERS

SHRIRAMFIN- 598.00 (4.14%)

JSWSTEEL – 974.25 (1.62%)

BAJFINANCE– 8621 (1.56%)

NIFTY 50 LOSERS

ULTRACEMCO – 10535.05 (-3.91%)

BAJAJ-AUTO – 8264.15 (-1.83%)

M&M – 2750.70 (-0.98%)

Sector: Stockbroking

Nuvama Wealth Stock Rises as PAG Divest

Shares of Nuvama Wealth Management are being closely watched on February 27 as PAG, an Asian private equity firm backed by Blackstone, is considering selling its majority stake of over 54%. PAG is working with financial advisers to explore options, which could include a full or partial sale. Nuvama’s shares have dropped 19% this year, bringing its market value to $2.3 billion, but the stock has still risen 114% since its debut in September 2023. While talks are in the early stages, some global asset managers and financial firms have shown interest in acquiring the company. Nuvama, which was previously known as Edelweiss Wealth Management, provides wealth management and financial services to high-net-worth individuals, businesses, and institutional clients. In its latest financial report, Nuvama posted a 30% year-on-year increase in revenue and a 43% rise in net profit for the December quarter.

Why it Matters:

Akzo Nobel India’s sale of key businesses to its parent enhances financial independence by eliminating royalty payments and improving margins. The move streamlines its focus on liquid paints and coatings while securing its long-term growth. A potential full exit could significantly impact the company’s valuation and future strategy.

Around the World

Asian stocks mostly fell on Thursday, with investors not reacting strongly to positive earnings from Nvidia, which reported strong results but saw its stock drop 2% in after-hours trading. The decline followed concerns over external factors affecting Nvidia’s long-term outlook, especially shifting trends in AI and the rise of more efficient models. Technology stocks in the region, including suppliers to Nvidia like TSMC and SK Hynix, also dropped. Hong Kong’s Hang Seng index fell 0.6% after reaching a three-year high, as investors took profits following a strong AI-driven rally. Mainland China’s markets also retreated amid ongoing trade concerns, particularly with the U.S. The broader Asian markets showed mixed performance, with Australia’s ASX 200 rising 0.4% on strong earnings from local companies, while Japan’s TOPIX gained 0.5%. Investors are waiting for key U.S. economic data, including GDP and inflation figures, which could influence global markets.

Option Traders Corner

Max Pain

Nifty 50 – 22535

Bank Nifty – 48939

Nifty 50 – 22562.07 (Pivot)

Support – 22,499, 22,450, 22,387

Resistance – 22,610, 22,673, 22,722

Bank Nifty – 48668.75 (Pivot)

Support – 48,474, 48,340, 48,146

Resistance – 48,802, 48996, 49,130

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

Newsletter: 25th February 2025

Zomato Set for Growth

Aaj Ka Bazaar

The US market experienced fluctuations before closing mixed overnight. The S&P 500 declined by 0.5%, and the tech-heavy Nasdaq Composite fell by 1.2%, as significant technology stocks lost ground amid concerns regarding narratives driven by artificial intelligence. Increased trade tensions also kept investors on edge, particularly after President Trump’s announcement that the tariffs planned for Canada and Mexico would move forward as scheduled once the month-long delay concludes next week. The absence of significant US economic data may have contributed to the choppy trading ahead of the Federal Reserve’s preferred inflation readings released on Friday. This morning, Asian markets opened significantly lower, with benchmark indexes in New Zealand, Japan, and Hong Kong experiencing drops of 1-2%. The Indian market is expected to open flat on Tuesday in light of the global weakness. The Gift Nifty suggests a marginal decline at the opening. Weak sentiment may continue due to concerns over tariffs and anticipation of results from tech giant Nvidia, along with the forthcoming inflation data from the Federal Reserve.

Markets Around Us

BSE Sensex – 74,729.36 (0.37%)

Nifty 50 – 22,601.25 (0.21%)

Bank Nifty – 48,786.25 (0.30%)

Dow Jones – 43,581.94 (0.28%)

Nasdaq – 19,287.27 (-1.21%)

FTSE – 8,658.98 (0.00%)

Nikkei 225 – 38,370.36 (-1.05%)

Hang Seng – 23,196.33 (-0.62%)

Sector: E-Retail/ E-Commerce

Bernstein Predicts Zomato Rally to ₹310

Global brokerage firm Bernstein remains positive on Zomato, maintaining an ‘outperform’ rating with a target price of ₹310, indicating a potential 39% upside. While competition in quick commerce is rising with aggressive expansion by Zomato, Swiggy, and Zepto, Bernstein believes the focus is now on both growth and profitability. Even with intensifying competition, price wars are expected to remain limited due to Swiggy’s lower margins. Bernstein sees Zomato strengthening its leadership in quick commerce, which it predicts will outpace other retail channels, especially with expansion into Tier 2 cities. Initially seen as a niche for high-end urban customers, quick commerce is now appealing to a broader consumer base. Zomato’s stock has gained attention as it will soon be included in the Nifty 50 index. Additionally, Zomato has rebranded itself as Eternal, signaling its ambition to expand beyond food delivery. At 9:16 AM, its shares were trading at ₹226.15 on the NSE.

Why it Matters:

Zomato’s strong position in quick commerce and its inclusion in the Nifty 50 index make it a key stock to watch. Bernstein’s bullish stance suggests significant growth potential despite rising competition. The company’s rebranding to Eternal signals broader ambitions beyond food delivery, making it a long-term investment consideration.

NIFTY 50 GAINERS

M&M– 2769.75 (2.33%)

BAJAJFINSV – 1891.65 (1.82%)

BAJFINANCE– 8465 (1.32%)

NIFTY 50 LOSERS

HINDALCO – 624.8 (-2.66%)

COALINDIA – 360.15 (-1.27%)

LT – 3222.1 (-1.09%)

Secto: Paints

Akzo Nobel Sells Business to Parent

Akzo Nobel India’s stock is in focus after it agreed to sell its powder coatings business and R&D center to its Netherlands-based parent for ₹2,073 crore and ₹70 crore, respectively. The parent will also acquire intellectual property rights for the decorative paints business in India, Bangladesh, Bhutan, and Nepal for ₹1,152 crore. This move will make Akzo Nobel India more independent, eliminating ongoing royalty payments and improving margins and cash flow. The company aims to focus on liquid paints and coatings while reducing reliance on its parent. Akzo Nobel, Europe’s largest paintmaker, began reviewing its India business last year and plans to retain its industrial coatings division for now. However, a complete exit could push the total deal value to $2.2 billion. Selling the industrial coatings business may be complex due to intellectual property protections and long-term contracts, including those with the Indian Navy. Akzo Nobel India’s market cap currently stands at $1.75 billion.

Why it Matters:

Around the World

Asian stocks mostly fell on Tuesday as technology shares declined ahead of Nvidia’s earnings report. A Bloomberg report about the U.S. tightening chip export restrictions to China added to concerns, especially after Trump called for stricter scrutiny of Chinese investments. Wall Street’s tech sell-off also weighed on Asian markets, with Hong Kong’s Hang Seng dropping 2%, Japan’s Nikkei 225 down 0.9%, and Taiwan’s TSMC slipping 1.4%. Investors are cautious about Nvidia’s earnings, which could provide insights into AI demand. China’s stock rally cooled, with the CSI 300 and Shanghai Composite falling 0.9% and 0.5%, respectively. South Korea’s KOSPI dropped 0.4%, but losses were limited after the central bank cut interest rates. Japan’s TOPIX fell 0.2%, though gains in major trading houses—boosted by Warren Buffett’s investment—helped offset losses. Australia’s ASX 200 declined 0.6%, Singapore’s market remained flat, and Indian markets faced continued selling pressure.

Option Traders Corner

Max Pain

Nifty 50 – 22590.35

Bank Nifty – 48768.60

Nifty 50 – 22580.07 (Pivot)

Support – 22,492, 22,430, 22,342

Resistance – 22,641, 22,729, 22,790

Bank Nifty – 48560.75 (Pivot)

Support – 48,373, 48,094, 47,906

Resistance – 48,839, 49,027, 49,306

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India's Mutual Fund Industry Sees 40% Growth

The total equity assets under management of India’s domestic mutual fund industry reached ₹33.4 trillion in 2024, marking a 40% increase compared to the previous year, according to Motilal Oswal’s Fund Folio Report.

Weekly Report: 24th February 2025

Weekly Trend Report

Week Gone By

The key equity indices witnessed major losses during the week, ending low due to concerns over global headwinds, including potential U.S. tariffs, persistent U.S. inflation, and the Federal Reserve’s cautious stance on rate cuts. The Nifty 50 ended slightly lower by 0.58% at 22,795.90, while the Sensex declined by 0.83% settling at 75,311.06. The HSBC Flash India Composite Output Index. Witnessed its fastest expansion since August 2024 with index rising to 60.6 in February up from 57.7 in January. Despite this, the HSBC Flash India Manufacturing PMI slipped to 57.1 in February but managed to remain above its long run average of 54.1. Globally, Japan’s GDP grew by2.8%YoY. The People’s Bank of China held the 1-year loan prime rate unchanged at 3.1%, and the 5-year LPR at 3.6%. Further, the minutes from the Fed’s January meeting showed policymakers remained hesitant about lowering interest rates amid persistent inflation and economic uncertainty.

Week Ahead

Next week, investor sentiment will be shaped by a blend of domestic and global developments, with key economic data points coming into focus. On the domestic front, India will see the release of Q4 GDP data on Friday, February 28, 2025, following a slower expansion of 5.4% in the previous quarter. The market will also be influenced by the Mahashivratri holiday on Wednesday, February 26, when the Indian stock exchanges will remain closed. Globally, the US will see several key data releases, including Durable Goods Orders for January on Thursday, February 27, and the Q4 GDP Second Estimate on the same day. Additionally, data for the US Core PCE Price Index, Personal Income, and Personal Spending for January will all be released on Friday, February 28, 2025. These developments, coupled with the ongoing concerns surrounding US tariffs, inflation, and the Federal Reserve’s cautious approach, are expected to keep markets on edge.

Technical Overview

Nifty closed at 22,795, losing 133 points (-0.58%) for the week, marking its weakest close since May 24.
The index remains in a crucial zone between 22,800 – 22,700, making it a wait-and-watch scenario.
Indian markets opened on a weak note and continued to decline throughout the day, dragged down by financial and auto stocks.
Global concerns, FII selling, and US tariff worries further dented investor sentiment.
After opening 146 points lower, Nifty briefly recovered to fill the gap but faced a sharp sell-off from 22,921, correcting nearly 200 points intraday.
Derivative data suggests a bearish bias, with strong call writing at 23,000 (1.09 Cr contracts), indicating firm resistance. Significant put writing at 22,000 (94.62 L contracts) highlights solid lower support.
The Put-Call Ratio (PCR) dropped to 0.73 from 0.81, signaling that sellers hold the upper hand.
Max Pain at 23,000 suggests that while buyers absorb declines, market stability remains uncertain.
Immediate resistance stands at 23,000, while 22,700 is key support. A breakout beyond this range will determine the next trend.
Until a clear breakout occurs, it is advisable to stay on the sidelines for index trades.

To view the detailed report click here to Download

Newsletter: 24th February 2025

IndiGo Stock Hits New High

Aaj Ka Bazaar

Wall Street plunged on Friday when the Dow Jones Industrial Average posted its worst day of 2025. The sell-off came after the University of Michigan released a report showing consumer sentiment in the US deteriorated by much more than previously estimated in February. Asian markets traded mixed this morning, with upcoming quarterly results from AI darling Nvidia and the Federal Reserve’s preferred readings on consumer price inflation in focus. Indian market looks set to open on a sluggish note Monday after US markets crashed on Friday amid economic slowdown worries. As we advance, continued foreign fund outflows and concerns over US President Donald Trump’s tariff stance in his second term in office may also keep investors on edge in a holiday-shortened week. On stock-specific news, Coal India has executed a non-binding shareholders’ agreement (SHA) term sheet with EDF India to form a joint venture to undertake PSP projects and other renewable energy projects in India and neighboring countries.

Markets Around Us

BSE Sensex – 74,568.86 (-0.99%)

Nifty 50 – 22,573.90 (-0.97%)

Bank Nifty – 48,432.25 (-1.12%)

Dow Jones – 43,617.47 (0.44%)

Nasdaq – 19,533.49(-2.15%)

FTSE – 8,659.37 (-0.04%)

Nikkei 225 – 38,776.94 (0.00%)

Hang Seng – 23,289.17 (-0.81%)

Sector: Airline

InterGlobe Aviation Shares Rally Continues

InterGlobe Aviation (IndiGo) shares continued their upward streak for the sixth day, rising to ₹4,543, marking a 7% gain. Citi analysts raised their target price to ₹5,200 and maintained a positive outlook due to rising air traffic and IndiGo’s strong market share. Increased passenger traffic to Uttar Pradesh airports for Maha Kumbh has boosted demand. Despite Q3 profit falling 18% YoY to ₹2,449 crore, revenue grew 14% to ₹22,111 crore, driven by a 12% rise in available seat kilometers and a 13.5% increase in revenue passenger kilometers. Higher operational costs pushed up non-fuel costs by 23.1% YoY, impacting margins, though EBITDAR grew 10.7% to ₹6,059 crore. Jefferies also raised its target price to ₹5,260, citing IndiGo’s dominant 60% market share and capacity expansion while competitors face constraints. This, along with rival airlines’ higher cost structures, strengthens IndiGo’s market position and pricing power.

Why it Matters:

IndiGo’s strong market position and rising air traffic demand make it a key player in the aviation sector, attracting positive outlooks from analysts. Despite cost pressures, its capacity expansion gives it an edge over competitors, supporting long-term growth. The stock’s upward momentum and revised target prices indicate strong investor confidence.

NIFTY 50 GAINERS

DRREDDY– 1167 (1.32%)

EICHERMOT – 5013.75 (1.03%)

M&M – 2689.75 (0.76%)

NIFTY 50 LOSERS

WIPRO – 296.45 (-3.23%)

HCLTECH – 1652.1 (-2.86%)

INFY – 1773.45 (-2.29%)

Secto: IT Enabled Services

IT Stocks Drop on US Slowdown Fears

IT stocks fell sharply on February 24 as concerns over a slowing US economy led to heavy selling, particularly in export-dependent firms like L&T Technology Services and Persistent Systems, which dropped up to 5.5%. US consumer sentiment hit a 15-month low, inflation expectations rose due to proposed tariffs, and business activity declined, raising fears of stagflation—slow growth with rising prices. This weak outlook impacts Indian IT companies, which rely on the US for a major share of revenue. By 10:45 AM, the Nifty IT index was down 2.5%, making it the worst-performing sector. Global uncertainty has also triggered foreign investors to pull out ₹36,977 crore from Indian equities in February, though domestic institutional investors have stepped in, buying ₹42,601 crore worth of shares. With fears of stagflation reducing foreign investment appeal, Indian IT firms face short-term pressure despite their long-term growth potential.

Why it Matters:

A weakening US economy and rising inflation fears could slow demand for Indian IT services, impacting revenue and profitability. Stagflation concerns make emerging markets like India less attractive to foreign investors, leading to potential outflows. This puts pressure on IT stocks in the short term, affecting market sentiment and valuations.

Around the World

Most Asian stocks fell on Monday, tracking Wall Street’s decline due to concerns over a slowing U.S. economy and new trade tariffs. Tech stocks in Hong Kong paused their rally ahead of Nvidia’s key earnings, with major suppliers like SK Hynix and TSMC dropping. Alibaba limited losses after announcing a $52 billion AI investment. Australia’s ASX 200 struggled after five losing sessions but saw some recovery in bank stocks. Software firm Wisetech plunged 23% after board resignations, while Block Inc dropped 10% on weak earnings. Falling commodity prices dragged down BHP and Rio Tinto. Japan’s markets were quiet due to a holiday, but Nikkei 225 futures rose 0.4%. China’s stocks dipped slightly after strong AI-driven gains last month. Meanwhile, India’s Nifty 50 futures pointed to a positive start, as local stocks looked set for bargain buying after a prolonged selloff. Markets remain cautious ahead of key economic data and Nvidia’s earnings.

Option Traders Corner

Max Pain

Nifty 50 – 22578.25

Bank Nifty – 48427.15

Nifty 50 – 22812.4 (Pivot)

Support – 22703, 22,611, 22,503

Resistance – 22,904, 23,013, 23,105

Bank Nifty – 49017.25 (Pivot)

Support – 48,727, 48,474, 48,185

Resistance – 49,270, 49,559, 49,813