StockReport Archive

Newsletter: 13th March 2025

Adani Green Sees 40% Upside

Aaj Ka Bazaar

The strength on Wall Street came following the release of a closely watched Labor Department report showing consumer prices in the US increased by slightly less than expected in February. The Labor Department said its consumer price index increased by 0.2% in February after climbing by 0.5% in January. Economists had expected consumer prices to rise by 0.3%. Asian markets were mixed this morning as US President Donald Trump escalated global trade tensions by threatening more tariffs on EU goods. Trump also hinted at financial repercussions if Russia rejects the Ukraine ceasefire proposal. Indian market looks set to open higher on Thursday as tamer-than-expected US CPI data led to some optimism about the Federal Reserve resuming interest rate cuts soon. Additionally, domestic industrial output and retail inflation data painted a positive picture of the economy. India’s industrial production growth accelerated at the start of the year. At the same time, consumer price inflation slowed to a seven-month low in February, raising expectations of interest rate cuts over the coming months.

Markets Around Us

BSE Sensex – 74,129.81 (0.14%)

Nifty 50 – 22,499.20 (0.13%)

Bank Nifty – 48,153.90 (0.20%)

Dow Jones – 41,313.92 (-0.08%)

Nasdaq – 17,648.45 (1.22%)

FTSE – 8,540.97 (0.53%)

Nikkei 225 – 36,993.71 (0.47%)

Hang Seng – 23,426.80 (-0.74%)

Sector: Power Generation

Adani Green Gains as Macquarie Backs

Macquarie has started covering Adani Green Energy with a positive outlook, setting a target price of ₹1,200—implying a 40% potential upside. The stock rose over 1.5% in early trading today. Adani Green leads India’s energy transition, aiming for 50 GW capacity by FY2030 (currently at 12 GW). Macquarie expects its EBITDA to grow at a 25% CAGR over the next five years, driven by strategic investments. While falling Power Purchase Agreement (PPA) tariffs posed challenges, a shift towards higher-priced merchant capacities is helping stabilize revenues. Meanwhile, Fitch Ratings recently gave Adani Energy Solutions a negative outlook due to governance concerns and US investigations, though risks related to liquidity have eased. Separately, Adani Green announced that its subsidiary, Adani Solar Energy, has commissioned a 250 MW solar project in Andhra Pradesh. These developments reinforce Adani Green’s strong growth trajectory despite market challenges.

Why it Matters:

Adani Green’s growth plans and Macquarie’s bullish outlook signal strong investor confidence, with a 40% upside potential. The company’s strategic shift to higher-priced merchant capacities helps offset pricing challenges, ensuring revenue stability. Meanwhile, Fitch’s concerns highlight governance risks, but Adani Green’s continued expansion, including its new 250 MW solar project, reinforces its leadership in India’s renewable energy sector.

NIFTY 50 GAINERS

BEL– 283.12 (2.27%)

ONGC – 228.81 (1.97%)

TATASTEEL – 152 (1.13%)

NIFTY 50 LOSERS

INDUSBANK – 673,3 (-1.66%)

SHRIRAMFIN– 628.5 (-1.33%)

APOLLOSHOP – 6093.15 (-0.82%)

Sector : Private Sector Bank

CLSA Backs IndusInd Bank for 31% Rally

IndusInd Bank shares have faced heavy losses, dropping over 60% from their 52-week high due to issues in its derivatives portfolio. Despite this, CLSA has maintained a positive stance but lowered its target price to ₹900, still implying a 31% upside. The Reserve Bank of India (RBI) approved only a one-year extension for CEO Sumant Kathpalia instead of the requested three years, raising concerns about leadership stability. Investors worry about further issues, management changes, and potential stock pledge invocations by lenders. However, CLSA believes the bank’s fundamentals will eventually drive recovery. Key positives include a rebound in the microfinance sector and improving banking margins due to better liquidity and RBI’s policy easing. While uncertainty remains, these factors could support IndusInd Bank’s long-term prospects, making it a stock to watch amid volatility.

Why it Matters:

IndusInd Bank’s sharp decline and leadership uncertainty have raised investor concerns, but CLSA sees a 31% upside potential. The bank’s recovery hinges on improving microfinance conditions and better banking margins from RBI’s policy easing. Despite short-term volatility, strong fundamentals could drive long-term stability and growth.

Around the World

Asian stocks mostly gained on Thursday, following a rebound in U.S. tech stocks after lower-than-expected inflation data. The Nasdaq surged 1.2% overnight as CPI growth slowed to 0.2% month-on-month, easing concerns about aggressive Federal Reserve rate hikes. Japan’s Nikkei 225 rose 1%, with SoftBank and Tokyo Electron gaining, while South Korea’s KOSPI climbed 0.5% as Samsung and SK Hynix advanced. Malaysia’s KLCI jumped 1.2%, and India’s Nifty 50 Futures edged up 0.2%. However, trade tensions remain a concern after President Trump threatened more tariffs on EU goods, escalating Western economic conflicts. This raised fears of weaker demand for Asian exports. China’s Shanghai Composite slipped 0.4%, while Hong Kong’s Hang Seng and Australia’s ASX 200 also dipped. Despite optimism from cooling inflation, market volatility could persist due to trade uncertainties and global economic risks. Investors remain cautious about future market movements.

Option Traders Corner

Max Pain

Nifty 50 – 22527

Bank Nifty – 48318

Nifty 50 – 22459 (Pivot)

Support – 22,340, 22,211, 22,093

Resistance – 22,588, 22,707, 22,836

Bank Nifty – 48041 (Pivot)

Support – 47,860, 47,664, 47,483

Resistance – 48,273, 48,418, 48,614

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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: 12th March 2025

TCS Bets Big on Offices

Aaj Ka Bazaar

U.S. benchmarks extended their losses from the previous session as concerns over tariffs continued to weigh on market sentiment. While initial optimism stemmed from Ukraine’s acceptance of a ceasefire, it was quickly overshadowed by the announcement of new tariffs on steel and aluminum imports from Canada. With this recent decline, the S&P 500 is nearing correction territory from its February high. The JOLTS job openings report revealed an increase to 7.74 million in January, up from 7.508 million in December. A rise in job openings could indicate lower unemployment, potentially boosting wage growth and consumer spending. This upward trend in spending may contribute to demand-driven inflation, reinforcing a more hawkish monetary stance by the Federal Reserve. Meanwhile, market liquidity remains a concern, as evidenced by the steady decline in open interest in U.S. Treasury futures. Despite the weak sentiment in U.S. markets, global indices remain largely unaffected. The Nikkei is trading modestly higher, supported by gains in Auto and Financial stocks. European markets are also in positive territory, bolstered by optimism surrounding the Russia-Ukraine situation. The Hang Seng experienced a volatile session initially surging due to strong performance from Auto OEMs but failing to sustain its momentum. On the domestic front, Indian equities are poised for a positive opening, as indicated by GIFT Nifty. Optimism among regional peers is expected to contribute to the upbeat start.

Markets Around Us

BSE Sensex – 74,315.48 (0.29%)

Nifty 50 – 22,495.65 (0.16%)

Bank Nifty – 47,858.75 (-0.74%)

Dow Jones – 41,516.91 (0.21%)

Nasdaq – 17,436.12 (-0.18%)

FTSE – 8,495.99 (-1.23%)

Nikkei 225 – 36,807.32 (0.03%)

Hang Seng – 23,641.37 (-0.59%)

Sector: Software-Consulting

TCS Acquires Darshita Homes for ₹2,250 Cr

TCS has announced that it will acquire 100% of Darshita Southern India Happy Homes for ₹2,250 crore. This deal includes the land and building of the commercial real estate firm, which TCS plans to turn into a new delivery centre in Bengaluru. The acquisition is being done through a special purpose vehicle (SPV), allowing TCS to purchase part of the real estate now and exercise a call option to acquire full ownership after two years. Darshita Southern India Happy Homes, established in 2004, is still developing the property and has not generated revenue in the past three years. This move aligns with the IT sector’s trend of expanding physical offices, with companies like HCLTech also opening new centres. Despite AI-driven automation slowing hiring, IT firms continue investing in infrastructure to support future growth. This expansion signals a shift back to office spaces and closer collaboration with clients post-pandemic.

Why it Matters:

This acquisition matters because it signals a shift back to physical offices, with IT firms expanding their delivery centres post-pandemic. The ₹2,250 crore investment reflects TCS’s long-term growth strategy, securing prime real estate in Bengaluru for future expansion. Despite AI-driven automation, IT companies continue investing in infrastructure, showing confidence in sustained demand for skilled talent and closer client collaboration.

NIFTY 50 GAINERS

TATAMOTORS– 666.00 (2.77%)

HDFCBANK – 1710.65 (1.49%)

POWERGRID – 270.80 (1.31%)

NIFTY 50 LOSERS

INFY – 1601.50 (-3.62%)

WIPRO – 270.75 (-2.52%)

HCLTECH – 1543.20 (-1.57%)

Sector: Pharmaceuticals

Zydus Life Acquires 85.6% of Amplitude Surgical

Zydus Lifesciences has approved the acquisition of an 85.6% stake in France-based Amplitude Surgical for €256.8 million at €6.25 per share. If conditions are met, Zydus plans to acquire the remaining shares and delist Amplitude from Euronext Paris, securing full ownership. Amplitude, founded in 1997, specializes in high-quality lower-limb orthopedic products and has a strong presence in France, Brazil, Australia, Germany, and other global markets. The company reported €106 million in revenue as of June 2024, showing consistent growth over the years. This acquisition strengthens Zydus’ MedTech ambitions by expanding its presence in the orthopedic sector and leveraging Amplitude’s advanced product development and global distribution network. With this move, Zydus aims to diversify its portfolio, enhance manufacturing capabilities, and drive long-term growth in medical technology, aligning with its commitment to quality and innovation in the life sciences sector.

Why it Matters:

This acquisition strengthens Zydus Lifesciences’ presence in the global MedTech industry, expanding into the fast-growing orthopedic market. By acquiring Amplitude Surgical, Zydus gains advanced product development capabilities and a strong international distribution network. This move aligns with Zydus’ long-term strategy to diversify its portfolio, enhance manufacturing, and drive growth in specialized medical technology.

Around the World

Asian stock markets showed mixed performance on Wednesday as investors reacted to shifting U.S. trade policies. Australian and Malaysian stocks led losses due to renewed uncertainty after President Trump announced higher tariffs on Canadian steel and aluminum, only to reverse the decision hours later. This policy flip-flop increased market volatility and weakened investor confidence, particularly in trade-sensitive Asian markets. Malaysia’s KLCI fell 1.5%, the Philippines’ PSEi dropped 1.2%, and Australia’s S&P/ASX 200 slipped 1.3% after briefly entering correction territory. Meanwhile, South Korea’s KOSPI rose 1.6%, supported by tech stocks like Samsung and SK Hynix, which gained 2.1% and 4.5%, respectively. The rebound was influenced by a slight recovery in U.S. tech stocks like NVIDIA and Broadcom. Japan’s Nikkei 225 gained 0.3% after hitting a six-month low in the previous session, while India’s Nifty 50 futures edged up 0.2%, reflecting cautious optimism in global markets.

Option Traders Corner

Max Pain

Nifty 50 – 22500

Bank Nifty – 48600

Nifty 50 – 22444 (Pivot)

Support – 22,367, 22,357, 22,160

Resistance – 22,575, 22,652, 22,782

Bank Nifty – 47861 (Pivot)

Support – 47,694, 47,535, 47,368

Resistance – 48,021, 48,188, 48,347

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Newsletter: 11th March 2025

IndusInd’s ₹1,500 Cr Shock

Aaj Ka Bazaar

The U.S. equity markets suffered significant losses in their first trading session of the week as investor sentiment weakened amid growing concerns over the country’s economic outlook. The uncertainty surrounding trade policies, coupled with subdued consumer confidence, weighed heavily on the markets. All three major indices closed in deep red, with the Nasdaq experiencing the sharpest decline as investors moved to secure profits ahead of an uncertain period. Another factor contributing to the selloff was the slowdown in yen carry trade activity, as market participants withdrew funds in anticipation of a potential rate hike by the Bank of Japan (BoJ). The impact of the dwindling yen carry trade was largely felt by the tech-specific stocks. The negative sentiment spilled over into Asian markets, where both the Nikkei and Hang Seng traded lower. The Japanese market faced additional pressure from a stronger yen and a lower-than-expected Q4 GDP growth estimate. Meanwhile, the Hang Seng index struggled as concerns grew over potential reciprocal tariffs on the U.S., clouding the economic outlook for China. On the domestic front, Indian equities are expected to open on a weak note, mirroring the subdued global sentiment. This outlook is further reinforced by signals from the GIFT Nifty, which also suggests a soft start for the market. We anticipate that market weakness may persist through the trading session, with continued selling pressure from FIIs, extending from yesterday’s trend.

Markets Around Us

BSE Sensex – 73,836.37 (-0.38%)

Nifty 50 – 22,394.65 (-0.29%)

Bank Nifty – 47,834.40 (-0.79%)

Dow Jones – 42,068.42 (0.37%)

Nasdaq – 17,468.32 (-4.00%)

FTSE – 8,600.22 (-0.93%)

Nikkei 225 – 36,585.12 (-1.19%)

Hang Seng – 23,562.09 (-0.94%)

Sector: Bank

Induslnd Bank's ₹1500 Cr Derivatives Shock

IndusInd Bank shares dropped 15% on March 11 after the bank reported discrepancies in its derivatives portfolio, which could reduce its profit by ₹1,500 crore. An internal review found a 2.35% hit to its net worth due to issues in certain account balances. The Reserve Bank of India (RBI) had earlier directed lenders to review their investment portfolios, leading to this discovery. To validate its findings, IndusInd Bank has also engaged an external agency, whose report is expected by the end of March 2025. The impact will likely be recorded in the bank’s Q4 FY25 earnings, primarily through net interest income (NII). Concerns have intensified due to recent leadership changes, including the CFO’s resignation and the CEO’s short extension. Brokerages have reacted differently—some have downgraded the stock, cutting target prices, while others believe the bank can absorb the impact without raising capital. Further pressure on microfinance and margins is expected.

Why it Matters:

IndusInd Bank’s ₹1,500 crore potential loss from derivatives discrepancies raises concerns about its financial stability and credibility. With regulatory scrutiny from the RBI and an external audit underway, investors are wary of further risks. Brokerages have downgraded the stock, signaling possible volatility and caution for traders.

NIFTY 50 GAINERS

SUNPHARMA– 1649.70 (2.37%)

ICICIBANK – 1236.50 (1.78%)

BPCL – 260.57 (1.42%)

NIFTY 50 LOSERS

INDUSINDBK – 720.35 (-20.01%)

INFY – 1648.65 (-3.10%)

WIPRO – 274.20 (-2.39%)

Sector: Aerospace

Bharat Electronics Secure ₹843 Crore Order

Bharat Electronics Ltd (BEL) shares rose nearly 1% to ₹274 on March 11 after securing new orders worth ₹843 crore, bringing its total FY25 order inflows to ₹14,567 crore. The fresh contracts include RF seekers, radar upgrades, vessel and air traffic management systems, and other defence solutions. Despite strong order wins, BEL’s stock has dropped 18% from its recent high of ₹340.50. However, global brokerages remain positive—Jefferies maintains a ‘Buy’ rating with a ₹325 target, expecting a 19.4% upside, while JPMorgan sees the 20% decline as a buying opportunity, forecasting ₹12,000 crore in new orders by March 31. With India increasing its focus on domestic defence manufacturing and BEL’s solid execution, the company is well-positioned for growth. In Q3, BEL reported a 47.3% rise in net profit to ₹1,316 crore and 39% revenue growth to ₹5,756 crore, with EBITDA margins improving to 28.7%.

Why it Matters:

BEL’s ₹843 crore order win strengthens its FY25 order pipeline, bringing total inflows to ₹14,567 crore, highlighting continued business momentum. Despite an 18% drop in its stock price from recent highs, global brokerages remain optimistic, forecasting potential upside with targets of ₹325-₹343. As India ramps up domestic defense manufacturing, BEL is well-positioned to capitalize on rising government spending and sectoral growth.

Around the World

Asian stock markets dropped on Tuesday, led by losses in the tech sector, after Wall Street’s sharp decline over growing U.S. recession fears linked to Trump’s trade policies. The Nasdaq fell 4% overnight, triggering sell-offs across Asia. Japan’s Nikkei 225 hit a five-month low, dropping 1.4%, while TOPIX slid 2%. Major Japanese tech stocks like SoftBank and Panasonic lost over 4%. South Korea’s KOSPI dipped 1.2%, with Samsung and SK Hynix also down. China’s Shanghai Composite and Hong Kong’s Hang Seng fell 0.7% and 1%, respectively, while Alibaba dropped 1.3%. Other markets, including Australia, Singapore, and the Philippines, also saw declines. Meanwhile, Japan’s Q4 GDP was revised down to 2.2% due to weaker consumption, but the Bank of Japan is still expected to raise rates. In contrast, Australian consumer sentiment hit a three-year high, driven by interest rate cuts and lower inflation, boosting market outlooks there.

Option Traders Corner

Max Pain

Nifty 50 – 22550

Bank Nifty – 48900

Nifty 50 – 22522 (Pivot)

Support – 22,367, 22,274, 22,119

Resistance – 22,615, 22,769, 22,862

Bank Nifty – 48313 (Pivot)

Support – 48,027, 47,839, 47,553

Resistance – 48,502, 48,788, 48,976

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

Weekly Report: 08th March 2025

Weekly Trend Report

Week Gone By

The headline equity benchmarks witnessed significant gains during the week, snapping a four-week losing streak, fueled by India’s strong GDP growth of 6.2% in Q3FY25 and rising GST collections, which boosted investor confidence. However, global uncertainties, such as weak U.S. economic data, slowing exports in China, and recession concerns, created market fluctuations. Overall, the market faced mixed signals from strong domestic fundamentals and external risks. Positive performances in mid and small-cap stocks provided support for the market. In the week ended on Friday, 07 March 2025, the S&P BSE Sensex soared 1,134.48 points or 1.55% to settle at 74,332.58. The Nifty 50 index climbed 427.8 points or 1.93% to settle at 22,552.50. The BSE Mid-Cap index rallied 3.35% to close at 39,888.29. The BSE Small-Cap index jumped 5.85% to end at 45,606.86.

Week Ahead

The domestic stock market has shown tentative signs of recovery after a five-month downtrend, but analysts warn of continued volatility due to US tariff concerns. Although the temporary postponement of tariffs on Canada and Mexico provided a short-term boost, ongoing negotiations will remain a significant market driver. India’s industrial production for January will release on Wednesday, 12 March 2025. India’s consumer inflation rate based on All India Consumer Price Index (CPI) for the month of February will release on Wednesday, 12 March 2025. US JOLTs job openings for January will release on Tuesday, 11 March 2025. Job openings in the United States fell by 556,000 to 7.6 million in December 2024, indicating a gradual cooling of the labor market. US inflation data for February will release on Wednesday, 12 March 2025. The annual inflation rate in the US edged up to 3% in January 2025, compared to 2.9% in December 2024, indicating stalled progress in curbing inflation.

Technical Overview

Nifty 50 Registers Strongest Weekly Gain of 2025 Amid Broad-Based Market Rally Nifty’s Rebound from Oversold Levels :
The Nifty 50 index saw a notable recovery this week, bouncing off oversold levels as indicated by technical indicators such as the RSI and MACD. The RSI, which had been hovering in the bearish zone, has now started moving upwards, signaling improving momentum.
Despite the bounce, Nifty remains below critical moving averages, including the 10-day, 50-day, 100-day, and 200-day EMAs. This suggests that while the short-term sentiment has improved, the broader trend is still under pressure.
The index had earlier confirmed a Head and Shoulders pattern breakdown, triggering a downward trend. However, after reaching key support levels near 21,782, buying emerged, pushing prices higher.
The rally was broad-based, with all sectoral indices closing in the green. The Metal and PSU indices led the gains, reflecting renewed investor confidence in cyclical and government-backed stocks.
The bounce was accompanied by higher trading volumes, indicating strong participation from institutional and retail investors. A key observation is that past declines were met with lower volumes, signaling possible exhaustion of selling pressure.
Immediate resistance is seen near 22,688, which aligns with recent swing highs and the breakdown zone. A decisive breakout above this level could open doors for a further rally toward 22,774–23,762.
The MACD histogram, which had been deep in negative territory, is now showing signs of reduction in selling pressure. RSI has moved from the bearish region, indicating improving sentiment.
On the downside, critical supports lie at 22,104, followed by 21,782 and 21,440. As long as these levels hold, the recent uptrend is likely to continue, with buyers stepping in on dips
Outlook: While the Nifty has witnessed a strong recovery, a sustained move above key resistances, coupled with continued positive market breadth, would be essential for confirming a trend reversal. Investors should watch for follow-through buying and sectoral rotation in the coming sessions.

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Newsletter: 10th March 2025

Railtel Secures ₹28 Cr Deal

Aaj Ka Bazaar

Asian markets traded mixed this morning, with the Hang Seng slipping into negative territory, pressured by ongoing trade war concerns. In contrast, the Nikkei rebounded strongly after a flat opening. Initially, market sentiment was subdued due to worries over a stronger yen. However, optimism gradually returned, supported by positive cues from Western markets. On Friday, U.S. indices closed higher after Federal Reserve Chair Jerome Powell reaffirmed that the labor market remains strong and inflation is on track toward the Fed’s 2% target. Meanwhile, domestic indices are expected to open on a cautious note, reflecting the mixed global trends. Market participants are likely to remain cautiously optimistic following last week’s recovery.

Markets Around Us

BSE Sensex – 74,444.90 (0.15%)

Nifty 50 – 22,586.00 (0.15%)

Bank Nifty – 48,513.55 (0.03%)

Dow Jones – 42,656.97 (-0.34%)

Nasdaq – 18,212.81 (0.79%)

FTSE – 8,679.88 (-0.03%)

Nikkei 225 – 37,052.42 (0.46%)

Hang Seng – 23,783.28 (-1.84%)

Sector: Telecom

RailTel Surges 3% on ₹28.29 Cr Order

Railtel Corporation of India’s share price continued to rise for the fifth straight day, gaining 3% after securing a ₹28.29 crore work order from Northern Railway. By 9:18 AM, the stock was trading at ₹307.30, up 2.93% on the BSE. The order involves indoor and outdoor double distant signaling work, set to be completed by September 6, 2026. The company’s board will meet on March 12, 2025, to consider a second interim dividend for FY 2024-25 and set a record date for eligible shareholders. Recently, Railtel also secured major contracts, including a ₹262.33 crore project from Odisha’s State Transport Authority, a ₹19.08 crore order from the Border Security Force, and a ₹47.50 crore project from East Central Railway. In Q3 FY24, the company’s net profit grew 5% to ₹65 crore, while revenue increased 14.8% year-on-year to ₹767.6 crore.

Why it Matters:

Railtel’s continued stock rally reflects strong investor confidence, driven by a series of high-value contracts across railway and defense sectors. The company’s expanding order book strengthens its revenue potential, positioning it as a key player in India’s infrastructure growth. With an upcoming board meeting to decide on an interim dividend, investors have an additional incentive to stay invested, making Railtel a stock to watch in the coming months.

NIFTY 50 GAINERS

POWERGRID– 269.95 (2.53%)

BAJFINANCE – 8593.10 (2.24%)

BEL – 282.28 (1.91%)

NIFTY 50 LOSERS

INDUSINDBK – 904.15 (-3.48%)

M&M – 2674.00 (-1.97%)

BAJAJ-AUTO – 7452.95 (-1.61%)

Sector: Pharmaceuticals

Sun pharma Acquires Checkpoint for $335M

Sun Pharma, India’s largest pharmaceutical company by revenue, is acquiring Nasdaq-listed Checkpoint Therapeutics for $355 million (over ₹3,000 crore) in an all-cash deal at $4.10 per share, a 66% premium to Checkpoint’s last closing price. Checkpoint specializes in immunotherapy and oncology treatments, including UNLOXCYT, an FDA-approved drug for advanced skin cancer. This acquisition strengthens Sun Pharma’s oncology portfolio and expands its presence in the high-margin specialty pharma market, particularly in the U.S. market, a key revenue driver. The deal is pending shareholder and regulatory approvals and is expected to close by Q2 2025. Checkpoint reported a revenue of $0.04 million, a net loss of $27.3 million, and an R&D expense of $19.3 million for the nine months ending September 2024. This move follows Sun Pharma’s $576 million acquisition of Concert Pharma in 2023, reinforcing its expansion strategy in dermatology and oncology. Sun Pharma’s market cap stands at ₹3.86 lakh crore.

Why it Matters:

Sun Pharma’s acquisition of Checkpoint boosts its oncology portfolio and strengthens its foothold in the high-margin U.S. specialty pharma market. The 66% premium highlights its aggressive expansion strategy in cancer treatment. With regulatory approvals pending, this deal could enhance Sun Pharma’s long-term growth and market position.

Around the World

Asian stock markets showed mixed trends on Monday as investors remained cautious due to concerns over U.S. tariffs. President Trump imposed a 25% tariff on Canadian and Mexican goods and raised Chinese tariffs to 20%, though he later delayed some for four weeks. U.S. stock futures dropped after Wall Street ended lower last week. In Asia, South Korea’s KOSPI rose 0.6%, the Philippines’ PSEi gained 0.7%, and Japan’s Nikkei 225 added 0.7%, while China’s markets fell sharply. The Shanghai Composite dropped 0.6%, the CSI 300 fell 0.8%, and Hong Kong’s Hang Seng slumped 1.7%. New data showed China’s inflation is weakening, with consumer prices falling 0.7% in February, the first drop in 13 months, and producer prices declining 2.2%. These deflationary signs could push China’s policymakers to introduce more stimulus measures to boost economic growth and consumer spending, especially amid ongoing discussions at the National People’s Congress.

Option Traders Corner

Nifty 50 – 22550

Bank Nifty – 48900

Nifty 50 – 22550 (Pivot)

Support – 22,466, 22,381, 22,297

Resistance – 22,635, 22,719, 22,805

Bank Nifty – 48521 (Pivot)

Support – 48,334, 48,172, 47,985

Resistance – 48,684, 48,871, 49,034

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

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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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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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

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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