Tata Shares Surge 8%
- 02nd April 2025
Aaj Ka Bazaar
Key US indices ended largely positive yesterday, with the S&P 500 and Nasdaq closing higher, while the Dow remained mostly flat. Despite the gains, investor sentiment stayed cautious as concerns over Trump’s tariff policies kept markets range-bound, limiting strong upward momentum. The cautious sentiment among investors extended to Asian markets, but with a mixed reaction. While the Nikkei traded largely flat, the Hang Seng saw a strong recovery from its lows. Despite lingering concerns over tariffs, domestic indices are set for a positive start, with GIFT Nifty indicating moderate gains. However, sustaining this momentum could be challenging, as global market volatility may spill over into local trading. On stock specific front, KEC International would be in the limelight after the company announced that it has successfully bagged new orders worth Rs. 1,236 crores.
Markets Around Us
BSE Sensex – 77,371.66 (-0.06%)
Nifty 50 – 23,211.00 (0.20%)
Bank Nifty – 51,042.90 (0.54%)
Dow Jones – 41,955.51 (-0.08%)
Nasdaq – 17,449.89 (0.87%)
FTSE – 8,634.80 (0.60%)
Nikkei 225 – 35,651.93 (0.08%)
Hang Seng – 23,204.54 (0.05%)
Sector: Tea & Coffee
Tata Consumer Product shares surge 8%
Tata Consumer Products shares jumped 8% to an intraday high of ₹1,073.15 after Goldman Sachs upgraded the stock to a Buy and raised its target price to ₹1,200. The upgrade was based on the company’s strong performance in innovation, wider distribution in growth segments, and reduced interest costs as it pays down acquisition debt. While competition in the sector is still a concern, Goldman Sachs believes the tough phase is mostly over. On the technical side, the stock is showing mixed signals — it’s trading above most short-term and mid-term moving averages but remains below the 150- and 200-day averages. Its RSI is at 57.4 (neutral zone), and MACD is still negative, which could be a caution flag. Despite a flat quarterly profit of ₹279 crore, the stock has gained 41% in the past two years but is still down 17% over the last six months. It currently has a market cap of ₹98,147 crore.
Why it Matters:
It matters because a major global firm like Goldman Sachs backing the stock boosts investor confidence. The upgrade signals potential upside despite recent underperformance. Also, improving fundamentals and reduced debt strengthen its long-term growth story.
NIFTY 50 GAINERS
TATA CONSUMER – 1065.90 (7.42%)
BHARTI AIRTEL – 1757.50 (1.93%)
MARUTI SUZUKI – 11,681 (1.74%)
NIFTY 50 LOSERS
BHARAT ELEC – 277.00 (-5.14%)
NESTLE– 2182.75 (-2.29%)
HINDALCO – 652.90 (-1.63%)
Sector : 2/3 Wheelers
TVS Motor Hits FY25 Sales Peak
TVS Motor shares rose 3% to ₹2,511 on April 2 after the company reported its highest-ever annual sales in FY25 at 4.74 million units, a 13% jump from last year. March 2025 alone saw 17% year-on-year growth, with strong performance across motorcycles, scooters, and exports. Scooters led the growth with a 27% rise, while EV sales jumped 77% to nearly 27,000 units, showing growing demand in the electric segment. Three-wheeler sales also surged 44% in March. In the fourth quarter of FY25, two-wheeler and three-wheeler sales grew 14% and 21% respectively, while exports were up 31%. Over the full year, exports rose 18%. Separately, TVS’s Singapore arm exited its investment in EV startup ION Mobility for $1.75 million, selling its stake and acquiring select assets. The divestment was a small part of TVS’s net worth and was done independently, with no impact on financials since ION wasn’t a fully consolidated entity.
Why it Matters:
TVS Motor’s record sales in FY25 show strong demand across all segments, including electric vehicles and exports. The company’s consistent growth highlights its strong market presence and effective product strategy. Exiting ION Mobility helps streamline its international operations and focus on core growth areas.
Around the World
Asian markets traded in a narrow range on Wednesday as investors waited for clarity on U.S. President Trump’s upcoming tariff announcement, set for 15:00 ET. Dubbed “Liberation Day,” the move includes reciprocal tariffs on key trading partners and a 25% tariff on auto imports starting April 3. Investors stayed cautious due to the potential impact on global trade. Major U.S. indices had closed higher on Tuesday, led by tech gains, but futures remained flat in Asia. Among Asian indices, Japan’s Nikkei was steady, while the TOPIX dipped 0.6%. China’s Shanghai Composite edged up 0.2%, and the Hang Seng rose 0.4%. However, Singapore’s Straits Times Index fell 0.4%, and Australia’s ASX 200 gained 0.2%. India’s Nifty 50 futures were up 0.2%. South Korea’s KOSPI slipped 0.3% amid rising political uncertainty as the Constitutional Court prepares to rule on President Yoon’s impeachment, which could trigger market volatility and affect regional investor sentiment.
Option Traders Corner
Max Pain
Nifty 50 – 23300
Bank Nifty – 51300
Nifty 50 – 23289 (Pivot)
Support – 23,013, 22,860, 22,584
Resistance – 23,441, 23,717, 23,870
Bank Nifty – 51084 (Pivot)
Support – 50,485, 50,142, 49,543
Resistance – 51,426, 52,026, 52,368
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