Swastika Investment Ltd Managing Director Sunil Nyati said the market corrected due to selling in the broader market, weak global cues,
selling by Foreign Institutional Investors (FIIs), upcoming US Federal Reserve meeting and rising crude oil prices. When there is widespread selling across various sectors and stocks, it can lead to overall market decline as investors' sentiment turns negative, Nyati said. "India is a major importer of crude oil, and higher oil prices can negatively affect the country's trade balance, inflation, and fiscal situation," Nyati added. Last month, the 30-share BSE Sensex climbed 1,151.05 points or 1.58 per cent.
As Israel and Iran’s geopolitical tensions continue to escalate Following Iran’s strike on Israel, the Indian stock market might continue to be volatile. A confrontation between Iran and Israel might drive up the price of oil to more than $100 per barrel and cause panic selling and volatility in the stock market. Potential for full-blown crude oil prices is almost at six-month highs as a result of the Israel-Iran confrontation. In order to preserve market stability, OPEC extended voluntary production curbs of 2.2 million barrels per day,” Pravesh Gour, Senior Technical Analyst at Swastika Investmart told the Mint. Read more:
Santosh Meena, Head of Research at Swastika Investmart sees support for the banking stock at Rs 180-160 levels.
"Bandhan Bank is currently experiencing a pronounced downtrend, with indications pointing towards a potential bottoming out near the Covid lows in the range of Rs 180-160 per share. However, the stock faces formidable resistance within the Rs 200-210 supply zone, presenting a significant challenge. Only a sustained breakthrough above the Rs 210-mark holds the potential for a short-term trend reversal, paving the way towards the Rs 250 level," said Meena. Read more:
Swastika Investment Ltd Managing Director Sunil Nyati said the market corrected due to selling in the broader market, weak global cues, selling by Foreign Institutional Investors (FIIs), upcoming US Federal Reserve meeting and rising crude oil prices.
When there is widespread selling across various sectors and stocks, it can lead to overall market decline as investors' sentiment turns negative, Nyati said.
"India is a major importer of crude oil, and higher oil prices can negatively affect the country's trade balance, inflation, and fiscal situation," Nyati added. Read more:
For the domestic investors, the escalation in the Iran-Israel conflict comes just as the fourth quarter earnings season has kicked off, with Tata Consultancy Services (TCS) coming out with decent numbers.
While it will be a holiday shortened week since the markets will be closed on Wednes- day because of Ram Navami, Infosys will announce its results on Thursday and Wipro on Friday.
Santosh Meena, head of research, Swastika Investmart, said the week will be crucial for the market as fresh worries about a potential conflict between Iran and Israel emerge.
"Any significant escalation in tensions could trigger panic selling and volatility in global equity markets. The market will also be closely monitoring the movement of crude oil prices, which are often impacted by geopolitical events," he added.
Bharti Hexacom share price today had opened at Rs. 785.05 and, dropped during intraday trading to a low of Rs. 783. At its highest, it has hit ₹791-mark.
What to look out for now
Now, investors need to look at some of the old concerns that were voiced about the company, including of high valuation and financial performance. Shivani Nyati, Head of Wealth at Swastika Investmart Ltd was quoted by LiveMint as saying that the risks that were previously recognised are still significant.
She also said that new or prospective investors should monitor the company's performance. However, investors who are already exposed to the stock can keep holding them. Read more:
On the macroeconomic front, China’s GDP data, US retail sales figures, and movements in US bond yields clubbed with the dollar index will be important factors influencing market sentiment,” said Santosh Meena, Head of Research at Swastika Investmart. Read more:
With the tensions in the Middle East escalating, experts believe that crude oil prices can hit $100 per barrel in the near future if tensions increase.
However, in early deals (April 15), oil prices experienced a decline at the start of trading in Asia, as market players reduced risk premiums following Iran's attack in retaliation on Israel over the weekend. Brent futures for June delivery dropped by 24 cents to $90.21 a barrel, while West Texas Intermediate (WTI) futures for May delivery fell by 38 cents to $85.28.
"As Israel and Iran's geopolitical tensions continue to escalate Following Iran's strike on Israel, the Indian stock market might continue to be volatile. A confrontation between Iran and Israel might drive up the price of oil to more than $100 per barrel and cause panic selling and volatility in the stock market. Potential for full-blown Crude oil prices are almost at six-month highs as a result of the Israel-Iran confrontation. In order to preserve market stability, OPEC extended voluntary production curbs of 2.2 million barrels per day," said Pravesh Gour, Senior Technical Analyst at Swastika Investmart. Read more:
GEOPOLITICAL events, macroeconomic data and quarterly earnings of corporates would guide the stock market in a holiday shortened week ahead analysts said.
Stock markets will remain closed on Wednesday for Ram Navami. "This week promises to be crucial for the market as fresh worries about a potential conflict be- tween Iran and Israel emerge. Any significant escalation in tensions could trigger panic selling and volatility in global equity markets. The market will also be closely monitoring the movement of crude oil prices, which are often impacted by geopolitical events," said Santosh Meena, Head of Research, Swastika Investmart Ltd.
"This week promises to be crucial for the market as fresh worries about a potential conflict between Iran and Israel emerge. Any significant escalation in tensions could trigger panic selling and volatility in global equity markets. The market will also be closely monitoring the movement of crude oil prices, which are often impacted by geopolitical events," said Santosh Meena, Head of Research, Swastika Investmart Ltd
Markets to Track Geopolitical Events, Earnings, Macro Data in Holiday-Shortened Week: Analysts (Zee Business)
Will Israel-Iran Tensions Unleash Bears on Dalal Street? Analysts Warn Panic Selling, Global Volatility (The Week)
Bharti Hexacom, the subsidiary of Bharti Airtel, defied pre-listing predictions of a modest debut and delivered a strong performance on the stock exchanges. The company is listed at ₹762 per share, translating to a significant 33% gain over its issue price of ₹570. This impressive listing surpasses pre-listing expectations, which were tempered by concerns about the company’s financial performance and valuation.
Bharti Hexacom leverages the established brand reputation of Bharti Airtel, fostering investor confidence. The company operates in high-growth markets, particularly fixed-line telephone and broadband services, which may have attracted investors seeking long-term value.
However, inconsistencies in financial performance, coupled with a recent decline in profits, warrant ongoing monitoring. Also, the telecom sector is intensely competitive, demanding strategic innovation to maintain market share.
While the listing exceeded expectations, the pre-identified risks remain relevant. Existing investors may consider holding their shares, while new investors should closely monitor the company’s performance and market conditions before making a fresh entry. Read more:
TCS Q4 Results Live: Net profit estimated to rise 5-6% YoY, with sales growth at 2%: Santosh Meena of Swastika Investmart
TCS Q4 Results Live: We can expect modest single-digit growth for TCS in Q4 FY24. Net profit is estimated to rise 5-6% year-on-year, with sales growth around 2%. EBIT margin might see a sequential expansion of 20–40 basis points. The BSNL deal's impact and overall Total Contract Value (TCV) will be key factors to watch. Overall, TCS is expected to outperform its peers, said Santosh Meena, Head of Research at Swastika Investmart Ltd. Read more:
Bharti Hexacom IPO : भारती एयरटेल (Bharti Airtel) की कंपनी भारती हेग्जाकॉम (Bharti Hexacom) के शेयरों की लिस्टिंग 12 अप्रैल को होगी। लिस्टिंग से पहले इस आईपीओ को लेकर ग्रे मार्केट से पॉजिटिव संकेत मिल रहे हैं। यह इश्यू 3-5 अप्रैल तक सब्सक्रिप्शन के लिए खुला था। इसका प्राइस बैंड ₹542-570 प्रति शेयर तय किया गया था। BSE डेटा के मुताबिक तीसरे दिन भारती हेक्साकॉम आईपीओ का सब्सक्रिप्शन स्टेटस 29.88 गुना रहा। एक्सपर्ट्स का कहना है कि यह शेयर अपने आईपीओ प्राइस से 10-15 फीसदी प्रीमियम पर लिस्ट हो सकता है।
स्वास्तिका इन्वेस्टमार्ट की वेल्थ हेड शिवानी न्याति को उम्मीद है कि भारती हेक्साकॉम को इश्यू प्राइस पर लगभग 15% का लिस्टिंग गेन देखने को मिलेगा। उन्होंने कहा कि हाल ही में मुनाफे में गिरावट के साथ कंपनी का वित्तीय प्रदर्शन इन कंसिस्टेंट रहा है । न्याति ने कहा कि 51 गुना P/E (प्राइस - अर्निंग) का आईपीओ वैल्यूएशन पूरी तरह से उचित प्रतीत होता है, जिससे लिस्टिंग के बाद तत्काल गेन की उम्मीद कम
है। और पढ़ें:
Santosh Meena, Head of Research at Swastika Investmart expects a modest single-digit growth for TCS in Q4 FY24.
"Net profit is estimated to rise 5-6 per cent year-on-year, with sales growth around 2 per cent. EBIT margin might see a sequential expansion of 20–40 basis points. The BSNL deal's impact and overall Total Contract Value (TCV) will be key factors to watch," said Meena. Read more:
According to Santosh Meena, Head of Research at Swastika Investmart Ltd, the Sensex now reaching 1,00,000 seems like a realistic possibility in the near future.
"Currently, India boasts the fastest-growing economy globally, with a promising future fueled by political sta- bility. We appear to be in the midst of a major bull mar- ket, which is likely to persist for the next few years," Meena said.
At the same time, Meena advised investors that they should prioritise quality stocks while maintaining a long-term investment approach.
From the Sensex basket, ITC, Kotak Mahindra Bank, Bharti Airtel, State Bank of India, Asian Paints, Tech Mahindra, Reliance Industries and Nestle were the major gainers. Maruti, HDFC Bank, Larsen & Toubro and Mahindra & Mahindra were among the laggards.
Indian stock markets will be closed on Thursday, for Eid Celebrations.
Santosh Meena, Head of Research at Swastika Investmart Ltd, says several factors, including central banks around the world implementing interest rate cuts, while governments enacting fiscal stimulus packages to bolster their economies during the COVID-19 crisis supported the market.
"This strategy proved effective, leading to a robust economic recovery in India. Currently, India boasts the fastest-growing economy globally, with a promising future fueled by political stability. We appear to be in the midst of a major bull market, which is likely to persist for the next few years. The Sensex reaching 100,000 seems like a realistic possibility in the near future. However, investors should prioritise quality stocks while maintaining a long-term investment approach," Santosh Meena said. (ANI). Read more:
Several factors contributed to this market rally. Central banks around the world implemented interest rate cuts, while governments enacted fiscal stimulus packages to bolster their economies during the COVID-19 crisis. This strategy proved effective, leading to a robust economic recovery in India," said Santosh Meena, Head of Research at Swastika Investmart.
India boasts the fastest-growing economy globally, with a promising future fueled by political stability. We appear to be in the midst of a major bull market, which is likely to persist for the next few years. The Sensex reaching 100,000 seems like a realistic possibility in the near future," Meena added. Read more:
Domestic equity indices made record levels on Tuesday but ended the session slightly lower, thanks to profit-booking at higher levels. The BSE Sensex declined 58.80 points, or 0.08 per cent to settle at 74,683.70. NSE's Nifty50 index shed 23.55 points, or 0.10 per cent, to end the session at 22,642.75.All eyes are now set on Q4 earnings that will kick off later this week.
A few banking stocks namely Bandhan Bank Ltd, RBL Bank Ltd and IndusInd Bank Ltd are likely to remain under on traders’ radar today. Here is what Santosh Meena, Head of Research at Swastika Investmart has to say on these stocks ahead of Wednesday's trading session:
Bandhan Bank | Resistance: Rs210-250 | Support: Rs 180-160
Bandhan Bank is currently experiencing a pronounced downtrend, with indications pointing towards a potential bottoming out near the Covid lows in the range of Rs 180-160 per share. However, the stock faces formidable resistance within the Rs 200-210 supply zone, presenting a significant challenge. Only a sustained breakthrough above the Rs 210-mark holds the potential for a short-term trend reversal, paving the way towards the Rs 250 level.
RBL Bank | Resistance: Rs 275-290 | Support: Rs 252-242
RBL Bank has demonstrated a noteworthy rebound from its 200-day moving average (DMA) following a significant correction. Yet, it faces a formidable barrier at the downsloping trendline resistance situated around the Rs 264 mark. Surpassing this level of Rs 264 could signal a further upward momentum, potentially propelling the stock towards levels of Rs 275 or even Rs 290 level. Conversely, on the downside, the immediate support stands at Rs 252, with crucial support clusters at the 20- and 200-DMA, positioned at Rs 242, serving as pivotal levels to monitor for potential downside movements.
IndusInd Bank | Resistance: Rs 1,575-1,695 | Support: Rs 1,530-1,510
Indusind Bank has recently formed a triple bottom pattern around its 200-day moving average (DMA), with a notable neckline resistance at Rs 1,575. A breakout above this level could potentially trigger a bullish move towards the previous all-time high of Rs 1,695. Conversely, on the downside, strong support is observed in the range of Rs 1,530 to 1,510, bolstered by a cluster of multiple moving averages. Furthermore, the 200-DMA acts as a significant support level, positioned at Rs 1,480. Monitoring these levels could provide valuable insights into potential price movements and trend directions for Indusind Bank. Read more:
Shivani Nyati, Head of Wealth at Swastika Investmart, expects Bharti Hexacom to see a moderate listing gain of around 15% over the issue price. "The company's financial performance has been inconsistent, with a recent decline in profits. Additionally, geographic concentration, reliance on third-party infrastructure, and intense competition within the industry pose challenges to future growth."
Further, Nyati said the IPO valuation of 51 times P/E (price-earnings) appears fully priced, leaving limited room for immediate gains after listing.
According to market observers, shares of Bharti Hexacom are commanding a premium of ₹92 in the unlisted market today (April 9). The premium in the grey market has been climbing since the closure of the bidding process.
Bharti Hexacom IPO details
Bharti Hexacom's IPO, which was open for bidding from April 3-5, was priced in the range of ₹542-570 per share.
The issue was entirely an offer-for-sale (OFS), without any fresh equity issue. Telecommunications Consultants India (TCIL), the sole public shareholder in the company, offloaded 7.5 crore equity shares or a 15% stake via the OFS.
Since the issue is an OFS, Bharti Hexacom will not receive any proceeds. All the proceeds will be allotted to the selling shareholder in the company.
The Sunil Mittal-driven telecom major Bharti Airtel holds a 70% stake or 35 crore shares, while the remaining 30% shareholding, equivalent to 15 crore equity shares, was held by non-promoter TCIL. Read more:
Sensex scaled 75,000 today, which fuelled the rally. Santosh Meena, Head of Research at Swastika Investmart Ltd, said, “Several factors contributed to this market rally. Central banks around the world have implemented interest rate cuts, while governments have enacted fiscal stimulus packages to bolster their economies during the Covid-19 crisis. This strategy has proved effective, leading to a robust economic recovery in India. Currently, India boasts the fastest-growing economy globally, with a promising future fuelled by political stability. We appear to be in the midst of a major bull market, which is likely to persist for the next few years. The Sensex reaching 100,000 seems like a realistic possibility in the near future. However, investors should prioritise quality stocks, while maintaining a long-term investment approach.”
Major gainers on the NSE at noon were Hindalco (2.99%), Apollo Hospitals (2.63%), Tata Steel (2.63%), ICICI Bank (2.25%), Infosys (1.87%). Major losers include Coal India (-1.41%), Hero MotoCorp (-0.78%), Tata Consumers (-0.76%), Reliance (-0.60%),and Asian Paints (-0.55%).
The BSE Smallcap was down by 0.25 per cent and the Midcap was down by 0.46 percent. Read more:
Global trends, macroeconomic data announcements and the start of the earnings season would be the major drivers for the equity markets in a holiday-shortened week, analysts said.
Equity markets will remain closed on Thursday for Eid-Ul-Fitr.
“Indian companies are set to enter a new corporate earnings Q4 season this week. Leading the pack is IT services giant TCS, set to kick off the earnings season for the quarter ending March 2024.
“Its results for the fourth quarter of FY24 will be announced on April 12, 2024, after market trading hours. Apart from that India’s industrial production data will also be announced on 12th April 2024.
On the same day, inflation for March will be declared,” said Santosh Meena, Head of Research, Swastika Investmart Ltd. Read more:
GLOBAL trends, macroeconomic data announcements and the start of the earnings season would be the major drivers for the equity markets in a holiday-shortened week, analysts said. Equity markets will remain closed on Thursday for Eid-Ul-Fitr. Trading activity of foreign investors, rupee-dollar trends and crude oil prices would also guide trends in markets.
"Indian companies are set to enter a new corporate earnings ings Q4 season this week. Leading the pack is IT services giant TCS, set to kick off the earnings season for the quarter ending March 2024. Its results for the fourth quarter of FY24 will be announced on April 12, 2024, after market trading hours. Apart from that India's industrial production data will also be announced on April 12, 2024. On the same day, inflation for March will be declared," said Santosh Meena, head of Research, Swastika Investmart Ltd.
बीते हफ्ते शेयर बाजार (Share Market) में तेजी रही. पिछले हफ्ते बीएसई सेंसेक्स 596.87 अंक या 0.81 फीसदी चढ़ा. इंडेक्स 4 अप्रैल को 74,501.73 के ऑल टाइम हाई पर पहुंच गया था. वहीं, एनालिस्ट्स के मुताबिक, इस सप्ताह शेयर बाजार की चाल ग्लोबल ट्रेंड्स, मैक्रो इकोनॉमिक डेटा और कंपनियों के तिमाही नतीजों से प्रभावित होगी.
बीते हफ्ते शेयर बाजार (Share Market) में तेजी रही. पिछले हफ्ते बीएसई सेंसेक्स 596.87 अंक या 0.81 फीसदी चढ़ा. इंडेक्स 4 अप्रैल को 74,501.73 के ऑल टाइम हाई पर पहुंच गया था. वहीं, एनालिस्ट्स के मुताबिक, इस सप्ताह शेयर बाजार की चाल ग्लोबल ट्रेंड्स, मैक्रो इकोनॉमिक डेटा और कंपनियों के तिमाही नतीजों से प्रभावित होगी.
स्वस्तिका इन्वेस्टमार्ट लिमिटेड के रिसर्च हेड संतोष मीना ने कहा, ”भारतीय कंपनियां इस सप्ताह चौथी तिमाही के वित्तीय नतीजों की घोषणा शुरू करेंगी. इस क्रम में आईटी सर्विस कंपनी टीसीएस (TCS) सबसे पहले अपने नतीजे घोषित करने वाली है.” टीसीएस के नतीजे 12 अप्रैल को जारी होंगे. और पढ़ें:
Foreign institutional investors (FIIs) were net sellers for four out of five sessions in Indian markets last week and the net outflow stands at ₹3,835.75 crore, while the inflows and outflows by domestic institutional investors (DIIs) counterbalanced each other last week, according to stock exchange data.
Global Cues
On the global front, the US market has shown some profit booking from higher levels due to heightened attention on the rising US bond yield, rising commodity prices (crude oil, gold, and silver), and also the geopolitical situation (the Iran-Israel proxy conflict and the Russia-Ukraine war). These factors will be closely monitored, as they have the potential to influence market sentiment, according to Santosh Meena, Head of Research, Swastika Investmart Ltd.
Additionally, the US will announce its inflation rate on April 10, 2024. The US non-farm payrolls and unemployment rate for March that were disclosed on April 5, 2024, and will play a significant role in shaping the market mood in the near term. The European Central Bank (ECB) will also unveil its interest rate decision in the coming week. Read more:
Wipro share price will be in focus on Monday after the company announced that its CEO and MD Thierry Delaporte resigned from his position on April 6 and Srinivas Pallia will succeed him as the IT giant's new MD and CEO.
Wipro shares ended on Friday 0.49% lower at ₹485 apiece on the National Stock Exchange (NSE).
Stock market analysts believe that the Wipro share price is likely to react positively to the news of the appointment of Srinivas Pallia as the new CEO and MD.
“The market is likely to react positively to the appointment of Srinivas Pallia, a veteran Wipro leader with extensive industry knowledge, as the new CEO. We can expect a move towards 525 levels in the coming days," Santosh Meena, Head of Research, Swastika Investmart Ltd. told Livemint. Read more:
As expected, the Reserve Bank of India's monetary policy committee (MPC) on April 5 left the key repo rate unchanged at 6.5 percent for the seventh time in a row. The central bank is focused on bringing inflation down, said Governor Shaktikanta Das in his speech. In its first meeting of the new fiscal year (FY25), the rate-setting panel left the policy stance unchanged for the seventh consecutive time.
Das also announced that there will be no changes in the GDP growth forecast of 7 percent for FY25. On the inflation front, RBI MPC sees it moderating to 4.5 percent in FY25.
The market response to the policy was muted as investors shifted focus to global developments like the evolving likelihood of a US Federal Reserve rate cut in June and fluctuations in commodity prices.
"Despite this volatility, the Indian market appears to be holding its ground, possibly in anticipation of a pre-election rally," said Santosh Meena, Head of Research at Swastika Investmart. Read more:
The inflation data released last week further underscores the significance of the FOMC meeting. Consumer prices in the United States saw a 0.4 per cent increase in February, marking a 3.2 per cent rise from a year earlier, surpassing market expectations. This inflationary trend may influence the Fed's decision-making process, potentially prolonging its stance on maintaining current interest rates. Notably, the Fed has held interest rates steady since July 2023.
Stock markets would take cues from the biggest event of the week -- the US Fed interest rate decision, besides tracking the trends in global markets and trading activity of foreign investors, analysts said. Last week, a heavy decline in small cap, mid cap firms, foreign fund outflows and elevated crude oil prices in the international market dented investors' sentiments.
Experts said equity markets may remain volatile in the near-term amid a host of global central bank's monetary policy decisions lined up during the week. "This week will place a significant focus on monetary policy, as the Fed will begin its two-day policy meeting on March 19. The US Federal Reserve will announce its interest rate decision after its two-day policy meeting on March 20, 2024," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.
Shares of Popular Vehicles and Services Ltd (PVSL) made a muted debut at Dalal Street on Tuesday and the company failed to find buying interest from the investors on its maiden trading session. The stock was shunned by the investor after a soft listing at the bourses.
Shares of Popular Vehicles were listed at a discount of 1.97 percent at Rs 289.20 on NSE, against an issue price of Rs 295 apiece. The auto-dealership kicked-off its maiden trading session at Rs 292 on BSE, a discount of 1.02 percent over its issue price. However, the stock dropped another 10 per cent to Rs 262.90, extending the overall fall to 12 percent over the issue price.
Analysts tracking the issue are mostly positive on the issue in the longer run and suggest investors to hold it. However, the believe the investors should have a strict stop-loss in place.
Popular Vehicles & Services is a well-established automobile dealer with a presence across four states and longstanding relationships with leading OEMs, PV&S boasts a fully integrated business model and a proven track record of capitalizing on growth opportunities but listed at discount, said Shivani Nyati, Head of Wealth at Swastika Investmart.
Providing a comprehensive range of service offerings across multiple sectors, Krystal Integrated Services is a leading integrated facilities management services company with a focus on healthcare, education, public administration airports, railways, metro infrastructure, and retail sectors.
Being a key solutions provider to the government sector, the company is among the select companies in India to qualify for and service large, multi-location government projects. The company is one of India’s leading integrated facilities management services companies, catering to various sectors.
Accounting for almost 88 per cent of the total market size, the public administration, industrial, commercial offices, healthcare, educational institutions, railways, and metro, and airport sectors are expected to drive demand for the market over the longer period.
Krystal's reliance on a limited number of clients, particularly government contracts secured through bidding processes, exposes it to concentration risk. The facility management industry is also highly competitive and operational risks are inherent to the business, said Swastika Investmart.
Rashi Peripherals IPO GMP today
Rashi IPO GMP or grey market premium is +85. This indicates Rashi Peripherals share price were trading at a premium of ₹85 in the grey market.
Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Rashi Peripherals share price was indicated at ₹396 apiece, which is 27.33% higher than the IPO price of ₹311.
'Grey market premium' indicates investors' readiness to pay more than the issue price.
Rashi Peripherals IPO Review
Swastika Investmart Ltd
The brokerage claims that even though Rashi Peripherals is a well-known and rapidly expanding Indian reseller of international ICT brands. Some major concerns, nevertheless, need to be carefully considered. Because Rashi Peripherals depends on other vendors and channel partners, it is subject to outside influences that are not under its direct control. Scrutiny is also warranted given its very low gross margins when compared to industry peers.
“The IPO valuation of 10.54x P/E appears fully priced on a current basis. While the company's future growth potential and the positive industry outlook are encouraging thus we recommend Subscribe rating for this IPO," the brokerage said. Read more:
Despite a robust response, some investors might have found the valuation at listing less attractive also broader market conditions might have impacted investor sentiment and tempered listing gains," said Shivani Nyati, Head of Wealth, Swastika Investmart. Keeping aside the listing gains, analysts see a compelling proposition for investors with a long-term perspective. "The company's strong regional presence, in-house capabilities, and healthy order book remain positive points. However, a cautious approach is advisable," Nyati added. Read more:
The RBI's Monetary Policy Committee (MPC) is set to start its three-day meeting deliberating interest rates and analysing the state of the economy on April 3 and will end on April 5. Auto stocks will be in focus as companies will announce the monthly sales numbers for March starting from April 1, 2024. "Additionally, people will be watching how the rupee fares against the dollar and keeping a tab on crude oil prices. They will also be keeping an eye on investments made by Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIs)," said Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd.
स्वास्तिका इन्वेस्टमार्ट लिमिटेड के मैनेजिंग डायरेक्टर सुनील न्याति ने कहा कि मौजूदा वित्त वर्ष में सेंसेक्स की तुलना में छोटी कंपनी के शेयरों का बेहतर प्रदर्शन भारतीय घरेलू बाजार की गतिशील प्रकृति और निवेशकों को प्रदान किए जाने वाले विविध अवसरों को दर्शाता है. बाजार के विश्लेषकों के अनुसार, छोटी कंपनियों के शेयर आमतौर पर स्थानीय निवेशकों द्वारा खरीदे जाते हैं, जबकि विदेशी निवेशक बड़ी कंपनियों के शेयर पर ध्यान केंद्रित करते हैं.
स्मॉलकैप फंड की बात करें तो ये मार्केट कैप के लिहाज से स्मॉल कैप कंपनियों के स्टॉक और इक्विटी-रिलेटेड विकल्पों में निवेश करते हैं. सेबी के अनुसार, मिड कैप कंपनियां, मार्केट कैपिटलाइजेशन में 250 से 500 के बीच रैंक की जाती हैं. ये फंड आमतौर पर लार्ज-कैप और मिडकैप फंडों की तुलना में बेहतर रिटर्न देते हैं लेकिन उनकी तुलना में इसमें अस्थिरता ज्यादा होती है. बाजार में गिरावट आने पर स्मॉलकैप में गिरावट दूसरे सेगमेंट की तुलना में ज्यादा हो सकती है. उसी तरह तेजी आने पर ये लार्जकैप या मिडकैप की तुलना में ज्यादा रिटर्न भी देते हैं. फाइनेंशियल एडवाइजर से सलाह ली जाए तो ये रिस्क और रिटर्न का सही संयोजन हो सकते हैं. और पढ़ें:
The first day of the financial year 2025 started with a positive note. The 30-share BSE Sensex climbed 405.60 points to 74,056.95 in early trade. The NSE Nifty gained 144.75 points to 22,471.65.
However, analysts expect the market to move in a narrow range ahead of RBI policy, Q4 results, and India Inc.’s FY25 outlook. They feel the general election will likely dampen trading interest in the coming days.
FY24 marked a rewarding period for the Indian market. Large caps recorded a substantial 33 per cent return, mid-caps surged by 56 per cent, and small caps excelled with an impressive 63 per cent.
Pravesh Gour, Senior Technical Analyst, Swastika Investmart, said: the RBI Monetary Policy Committee (MPC) is set to start its 3-day meeting deliberating interest rates and analysing the state of the economy on April 3 and will end on April 5.
“Reports suggest that the RBI is likely to keep interest rates unchanged at this meeting. Auto stocks will also be in focus as auto companies will announce the monthly sales numbers for March starting from April 1, 2024. Additionally, people will be watching how the rupee fares against the dollar and keeping tabs on crude oil prices. They’ll also be keeping an eye on investments made by foreign institutional investors (FIIs) and domestic institutional investors (DIIs).”
Meanwhile, Asia-Pacific stocks are mixed, and most have closed. Japan stocks are down, while Chinese, Singapore, and Taiwan stocks are up in early trade. Read more:
Santosh Meena, Head of Research, Swastika Investmart Ltd, said, “Japan stands alone as the world grapples with rising interest rates. The BoJ defied the global trend by raising rates for the first time in 17 years, signaling an end to its era of negative rates. This shift comes as Japan experiences a flicker of inflation after years of deflation, along with signs of economic resilience.” Read more:
Shivani Nyati, head of wealth, Swastika Investmart, advises investors to take advantage of the listing and book profits. Those who want to hold it, may keep a stop loss at around Rs 745.
"The positive listing signifies some investor confidence in Krystal's comprehensive service offerings, diverse customer base, and strong financial track record. Its decent listing offers a window of opportunity, but the associated risks necessitate a cautious approach," she added.
The Rs 300-crore public issue was subscribed 13.21 times. Of the funds raised, the company plans to spend Rs 100 crore to meet its working capital requirements. A sum of Rs 10 crore will be used to repay debt and purchase machinery. The remaining is for general corporate purposes. Read More:
Domestic stock indices settled lower on Tuesday, as selling pressure in heavyweight sectors such as IT and banking hurt sentiment. The BSE Sensex tanked 361.64 points, or 0.50 per cent, to close at 72,470.30. The NSE Nifty tanked 92.05 points, or 0.42 per cent, and settled at 22,004.70. A few stocks namely Mankind Pharma Ltd, Avenue Supermarts Ltd (DMart) and Tata Technologies Ltd are likely to be on traders’ radar today. Here is what Pravesh Gour, Senior Technical Analyst at Swastika Investmart has to say on these stocks ahead of Wednesday's trading session. Read more:
SRM Contractors is a construction and development company primarily engaged in the construction of roads (including bridges), tunnels, slope stabilization works, and other construction activities in Jammu & Kashmir (J&K) and Ladakh. It operates as an EPC contractor and on a unit-price basis for infrastructure projects and subcontracts infrastructure construction projects.
The grey market premium of SRM Contractors has surged amid a strong response on day one. Last heard, the company was commanding a premium of Rs 78-82 in the unofficial market, suggesting a listing pop of about 38-40 per cent for the investors. However, the premium in the grey market stood around Rs 65-70 earlier, when the issue was announced.
Brokerage firms, tracking the issue, are mostly positive on it. They suggest subscribing to the issue on the back of strong hold in the area of operations, rising capital allocation in the region and sound financial track record. However, operational efficiency and dependence on select customers is seen as a challenge for the company.
SRM Contractors' focus on equipment ownership and an in-house integrated model position them for continued success. Its financial performance has been consistently strong, and they currently maintain a healthy order book, indicating promising future prospects. However, some key considerations require investor attention, said Swastika Investmart. Read more:
This week markets will have just three trading sessions. Equity markets will remain closed on Monday for Holi and on Friday for Good Friday.
“This week will be shorter due to market closure on both Monday for Holi and Friday for Good Friday. As a result, trading volumes may be lower with limited market cues. However, volatility remains a possibility as we approach the March F&O expiry and the financial year-end,” Santosh Meena, Head of Research at Swastika Investmart Ltd, said. Read more:
The domestic stock markets would be driven by global trends and foreign investors' trading activity in the holiday shortened week, analysts said adding that key equity indices may face volatile trends amid the monthly derivatives expiry on Thursday.
This week markets will have just three trading sessions. Equity markets will remain closed on Monday for Holi and on Friday for Good Friday.
"This week will be shorter due to market closure on both Monday for Holi and Friday for Good Friday. As a result, trading volumes may be lower with limited market cues. However, volatility remains a possibility as we approach the March F&O expiry and the financial year-end," Santosh Meena,head (research) at Swastika Investmart Ltd.
LIC share hits 1,000 level on improvement in business prospects
New segment entry can diversify revenue streams Pravesh Gour, senior technical analyst, Swastika Investmart, said
new market entries like health and micro insurance can diversify revenue streams and attract new customer segments. LIC's leading
position in life insurance, attractive valuation, and tailwinds like rising domestic savings and growing life insurance awareness
paint a positive outlook improving business pros pect, shift towards digitisation, ongoing bull-run in public sector undertaking (PSU) stocks and other favourable factors has pushed the shares of Life Insurance Corporation of India (LIC) to over 1,000 mark for the first time on Monday.
The stock hit an all-time high of 1,027.95 during Monday's intraday session. The scrip close higher by 5.33% at Rs 995 on Monday.
This is a remarkable feat given LIC shares took a big beating since its listing in May 2022 and fell to a low of 530.20 on March 29, 2023. A rally of over 90% from this point has also made the insurance giant as the most valuable PSU company in India.
Pravesh Gour, senior technical analyst, Swastika Investmart, said new market entries like health and micro insurance can diversify revenue streams and attract new customer segments. LIC’s leading position in life insurance, attractive valuation, and tailwinds like rising domestic savings and growing life insurance awareness paint a positive outlook. As the largest domestic institutional investor in India, holding stakes in over 260 companies, LIC could further benefit from the recent rally in PSU stocks, added Gour. The further movement may depend on its Q3FY24 earnings, which will be announced on February 8, 2024. Read more:
BLS E-Services sold its IPO in the price band of Rs 129-135 per share with a lot size of 108 equity shares, between January 31 and February 1. The company raised Rs 310.90 crore through its primary offering, which was entirely a fresh share sale of up to 23,030,000 equity shares.BLS E-Services IPO is surrounded by excitement as one can expect a strong listing fueled by robust fundamentals, positive investor sentiment, and a flourishing industry, said Shivani Nyati, Head of Wealth at Swastika Investmart.
"With its strong fundamentals, positive investor sentiment, and promising outlook, the company is poised for a positive market debut," she said."The company enjoys a long-standing partnership with leading banks, ensuring a stable revenue stream and recurring business. It operates in a high-growth industry driven by increased digitization and financial inclusion initiatives. The IPO is strategically priced, further enhancing its appeal to investors," she added with a caution to carefully evaluate and manage risk for investment. Read more:
The market focus will be on the ongoing Q3 FY24 earnings season, with many companies announcing their results in the coming days, such as Ashok Ley-Land, Bharti Airtel, Apollo Tyres, Nestle, Grasim, and LIC, said Arvinder Singh Nanda, Senior Vice President, Master Capital Services Ltd.
"On the domestic front, the MPC (Monetary Policy Committee) meeting is scheduled from February 6-8. The Q3 quarterly results season will continue to remain in focus. Bharti Airtel, Power Grid, Nestle, Lupin and Tata Power will announce their results this week," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd.
Market participants will be keeping an eye on the movement of the rupee against the dollar and crude oil prices, Gour said.
Investments by Foreign Institutional Investors (FIIS) and Domestic Institutional Investors (DIIS) will also be monitored, he added.
Investors will eye several stock market triggers in the first week of the month including the ongoing October-December quarter results for fiscal 2023-24 (Q3FY24), the upcoming Monetary Policy Committee (MPC) meeting by the Reserve Bank of India (RBI), foreign capital inflow, along with other domestic and global cues.
Swastika Investmarts' Pravesh Gour agreed that Nifty 50 has recently reached a new all-time high, reaching 22,126. However, for sustained upward momentum, it's crucial for the index to maintain this level; otherwise, it might revert to a sideways trend.
‘’Above the 22,126 mark, the next targets will be 22,350 and 22,500. Conversely, on the downside, the range between 21,640 and 21,500 presents an immediate demand zone,'' added Gour. Read More:
ब्रोकरेज हाउस Swastika Investmart के अनुसार नोवा एग्रीटेक की सभी भौगोलिक क्षेत्रों में मजबूत उपस्थिति है और इसकी प्रभावी मार्केटिंग स्ट्रैटेजी कंपनी को लगातार ग्रोथ की स्थिति में रखती है. पिछले 3 साल में लगातार विकास और विस्तार योजनाओं के साथ नोवा एग्री का वित्तीय प्रदर्शन प्रभावशाली रहा है. हालांकि, कुछ प्रमुख जोखिमों पर विचार करने की जरूरत है. कंपनी का बिजनेस स्वाभाविक रूप से जलवायु परिस्थितियों से जुड़ा हुआ है और अधिकांश रेवेन्यू के लिए लिमिटेड भौगोलिक क्षेत्र पर निर्भर करता है. ब्रोकरेज हाउस आनंद राठी के अनुसार आनंद राठी ने कहा, नोवा एग्रीटेक के पास एक डेडिकेटेड रिसर्च एंड डेवलपमेंट फैसिलिटी है जो ऑन-साइट प्रक्रिया सुधार और इनक्यूबेशन सेंटर के साथ नए प्रोडक्ट की तकनीक का समर्थन करती है. ब्रोकरेज का मानना है कि कंपनी का वैल्युएशन ठीक है. और पढ़ें:
ICRA said the removal of STT has been a long-sought demand by market participants and as the GST collection went up, this demand has again gained traction.
In the case of STT, ICRA said the removal of STT has been a long-sought demand by market participants and as the GST collection went up, this demand has again gained traction. The move, if it does, will attract more investors to invest in domestic equity markets, the ratings agency said.
Besides, ICRA noted that corporates pay tax on profit and at the same time the government levies tax on dividends at the hands of shareholders, resulting in double taxation on dividends. A relief from double taxation on dividends will be appreciated by markets, it said.
I advocate for a consideration of removal of either Long-Term Capital Gains (LTCG) or Securities Transaction Tax (STT), which may provide further support to the equity culture in India," Sunil Nyati of Swastika Investmart said in his Budget preview. Read more:
Analysts said its well-established geographical presence and effective marketing strategy further enhance its growth potential.
"Nova Agritech's consistent financial performance, impressive growth over the past three years, and ambitious expansion plans further bolstered investor sentiment. For existing investors, holding their shares and closely monitoring the company's performance and market conditions remains the recommended approach," said Shivani Nyati, Head of Wealth at Swastika Investmart.
Nova Agritech had witnessed a significant oversubscription of 109.37 times during the offer period, hinting at robust investor confidence in the company's prospects. This stellar listing was fueled by multiple positive factors, including the company's strong market position as a one-stop solution provider for crop and soil health through its diverse branded product portfolio. Its well-established geographical presence and effective marketing strategy further enhance its growth potential. Additionally, Nova Agritech's consistent financial performance, impressive growth over the past three years, and ambitious expansion plans further bolstered investor sentiment," Nyati advised. Read more at:
वित्त वर्ष 2023-24 के केंद्रीय बजट में रेल मंत्रालय को 2,40,000 करोड़ रुपए आवंटित किए गए थे. यह रेलवे को ऐलोकेट किया गया अब तक का सबसे ज्यादा पैसा था. जिसका उद्देश्य देश के रेलवे बुनियादी ढांचे को आगे बढ़ाना था. फ्रेश कैपिटल इंफ्यूजन, डेडीकेटिड फ्रेट कोरिडोर, वंदे भारत ट्रेन, हाई-स्पीड प्रोजेक्ट्स की शुरूआत, नए ट्रैक बिछाने और स्टेशनों के पुनर्विकास के साथ इस सेक्टर पर सरकार के फोकस से आईआरएफसी, इरकॉन, टेक्समैको और टीटागढ़ वैगन्स जैसी कंपनियों को फायदा हुआ है और उनके शेयरों में उछाल आया.
स्वास्तिका इन्वेस्टमार्ट के सीनियर टेक्नीकल ऐनालिस्ट प्रवेश गौर ने मीडिया रिपोर्ट में कहा कि नए फ्रेट कोरिडोर या वंदे भारत एक्सप्रेस रूट्स का शुभारंभ इन क्षेत्रों में निर्माण, रोलिंग स्टॉक सप्लाई और ऑपरेशंस में शामिल कंपनियों के लिए नए अवसर दिए हैं. उन्होंने कहा कि रेलवे प्रोजेक्ट्स के लिए पीपीपी (पब्लिक-प्राइवेट पार्टनरशिप) पर जोर देने से प्राइवेट इंवेस्टमेंट आकर्षित करने, प्रोजेक्ट को तेजी से पूरा करने और क्षेत्र के ओवरऑल ग्रोथ में योगदान करने की क्षमता है.
ब्रोकरेज हाउस Swastika Investmart ने बीएलएस ई सर्विसेज में सब्सक्राइब करने की सलाह दी है. कंपनी एक डिजिटल सर्विसेज प्रोवाइडर है, और यह सरकार की डिजिटल इंडिया पहल का बेनेफिशियरी हो सकता है. कंपनी एसेट-लाइट बिजनेस मॉडल पर काम करती है, ग्राहकों तक इसकी व्यापक पहुंच है और रेवेन्यू के डाइवर्स सोर्स वाला बिजनेस मॉडल है. कंपनी ने अपनी वित्तीय स्थिति में भी लगातार ग्रोथ दर्ज की है. हालांकि कुछ चिंताएं ये हैं कि कंपनी का परिचालन इतिहास सीमित है, जिससे इसके बिजनेस और ग्रोथ का वैल्युएशन करना मुश्किल हो जाता है. दूसरा, यह ज्यादातर रेवेन्यू के लिए एक ही ग्राहक पर निर्भर है. तीसरा, इसकी भौगोलिक एकाग्रता. कंपनी 44 गुना के पी/ई पर वैल्यूड है, जो ठीक लगता है.
IPO में सिर्फ फ्रेश इश्यू
बीएलएस ई-सर्विसेज के आईपीओ में सिर्फ फ्रेश इक्विटी शेयर जारी होंगे, इसमें ऑफर फॉर सेल नहीं है. यानी प्रमोटर्स या मौजूदा शेयरहोल्डर्स अपने एक भी शेयर नहीं बेचेंगे. आईपीओ में 311 करोड़ के यानी 2,30,30,000 करोड़ इक्विटी शेयर बीएलएस इंटरनेशनल की सहायक कंपनी द्वारा जारी किए जाएंगे. दिल्ली बेस्ड कंपनी ने 125 रुपये प्रति शेयर की कीमत पर 11 लाख इक्विटी शेयरों का प्री-आईपीओ प्लेसमेंट किया है और 13.75 करोड़ रुपये जुटाए हैं. और पढ़ें:
Swastika Investmart
Rating: Subscribe
BLS E Services is a digital service provider, and it could be a beneficiary of digital India initiatives by the government. The company operates on an asset-light business model, has a wide reach for customers, and has a business model with diverse sources of revenue. The company has also reported consistent growth in its financials, said Swastika Investmart.
"A few concerns are that the company has a limited operating history, making it difficult to evaluate its business and growth; secondly, it is dependent on a single customer for major revenue; and third, it has geographical concentration. Finally, it is valued at a P/E of 44 times, which seems fairly priced, so considering all the factors, we give a 'subscribe' rating to this," it said. Read more:
The brokerage believes that one will get a better sense of sustainability of the investment cycle in the next few days as companies in the capital goods sector report their earnings and give guidance on near-term order inflows, and the government presents its interim budget, which will give guidance on government capex for FY25.
According to analysts at Kotak, the market is either overestimating the market size and profitability in several sectors or underestimating ‘disruption’ risks in some sectors.
Foreign institutional investor activity remains a focal point, given their substantial net sales exceeding Rs 35,000 crore in the Indian equity market this month, said Santosh Meena, head of research at Swastika Investmart Ltd. Beyond domestic factors, the market will be influenced by the global landscape, including geopolitical developments and movements in US bond yields, the dollar index, and crude oil prices. Read more:
On market performance, Santosh Meena, Head of Research, Swastika Investmart Ltd said, "The recent truncated trading week witnessed heightened market activity and volatility, culminating in a second consecutive week of losses, primarily driven by weakness in the banking sector. Profit booking affected several midcap and smallcap stocks, though certain sectors exhibited resilience." While giving an outlook this week, Meena said, "The upcoming week is poised to be pivotal, marked by a series of significant events, with the budget taking center stage. However, the finance minister's indication of a modest, vote-on-account budget suggests a lack of extravagant announcements." Also, Meena said, another critical event to watch is the outcome of the US Federal Reserve's policy meeting scheduled for January 31st, which could provide insights into the potential timing of interest rate cuts. Concurrently, ongoing Q3 earnings releases are contributing to substantial stock price movements, with numerous companies slated to announce their results in the upcoming week.
Further, the analyst said, foreign institutional investor activity remains a focal point, given their substantial net sales exceeding Rs. 35,000 crore in the Indian equity market this month. Beyond domestic factors, the market will be influenced by the global landscape, including geopolitical developments and movements in US bond yields, the dollar index, and crude oil prices. Last week, on January 25, Sensex closed at 70,700.67, down by 0.51%, while Nifty ended at 21,352.60, lower by 101.35 points or 0.47%. Read more at:
Stock Market News: After an extended weekend, this week will see a number of noteworthy events for the domestic equities market, with the budget taking centre stage. Experts note that the finance minister's hint of a low-key, vote-on-account budget, however, points to a lack of big decisions. The US Federal Reserve's policies, budget, and earnings will all keep investors and market participants on high alert.
According to Santosh Meena, Head of Research at Swastika Investmart Ltd, given their significant net sales in the Indian equities market this month over ₹35,000 crore, foreign institutional investor (FIIs) activity continues to be a focus point. Global variables, such as changes in US bond yields, the dollar index, and crude oil prices, as well as geopolitical happenings, will also have an impact on the market in addition to domestic ones. Read more:
स्वस्तिका इन्वेस्टमार्ट लिमिटेड के शोध प्रमुख संतोष मीणा ने कहा, ‘‘बजट, तिमाही नतीजे और अमेरिकी केंद्रीय बैंक के ब्याज दर पर निर्णय से बाजार को दिशा मिलेगी।’’
उन्होंने कहा कि घरेलू कारकों के अलावा बाजार वैश्विक घटनाक्रमों से प्रभावित होगा। इनमें भू-राजनीतिक घटनाक्रमों के अलावा अमेरिका में बॉन्ड पर प्रतिफल, डॉलर के मुकाबले रुपये की चाल और कच्चे तेल के दाम शामिल हैं। और पढ़ें:
The Interim Budget 2024 will be presented in just a few day's time, with specialists and brokerages expectating that the government's primary emphasis will persist on fostering economic growth through increased capital investment and infrastructure development. Sunil Nyati, Managing Director, Swastika Investmart Ltd has said that the government should reconsider removal of Long-Term Capital Gains (LTCG).
"I advocate for a reconsideration of the removal of either Long-Term Capital Gains (LTCG) or Securities Transaction Tax (STT) to provide further support to the equity culture in India," he added. Read More:
ब्रोकरेज हाउस Swastika Investmart ने आईपीओ पर सब्सक्राइब रेटिंग दी है. ब्रोकरेज का कहना है कि नोवा एग्रीटेक की सभी भौगोलिक क्षेत्रों में मजबूत उपस्थिति है और इसकी प्रभावी मार्केटिंग स्ट्रैटेजी कंपनी को लगातार ग्रोथ की स्थिति में रखती है. पिछले 3 साल में लगातार ग्रोथ और विस्तार योजनाओं के साथ नोवा का फाइनेंशियल प्रदर्शन प्रभावशाली रहा है. हालांकि, कुछ प्रमुख रिस्क पर ध्यान देने की जरूरत है. कंपनी का बिजनेस स्वाभाविक रूप से जलवायु परिस्थितियों से जुड़ा हुआ है और अधिकांश रेवेन्यू के लिए लिमिटेड जियोग्राफिकल एरिया पर निर्भर करता है. और पढ़ें :
Santosh Meena, Head of Research, Swastika Investmart
While the upcoming Budget sparks excitement, I advise investors and traders to exercise caution on the actual day. Many stocks react in advance to expectations, often reversing or experiencing high volatility when the details are unveiled. Therefore, it's prudent to focus on a stock's long-term outlook rather than short-term budget buzz. The market is plummeting ahead of the budget, fueled by profit booking from foreign investors. The 21,000-20,800 zone is a crucial support level, while Nifty needs to break through the 21,800-21,850 resistance to regain its momentum.
The upcoming Budget is poised to spotlight capital goods and infrastructure, reflecting the government's commitment to robust spending in these areas. Green energy stocks are in focus due to the government's emphasis on renewable energy, while the promotion of domestic tourism makes related themes attractive. Investors are likely to keep a close eye on these sectors as key beneficiaries of the budgetary priorities. Read More:
Stock Market Live Today: Post-listing view on the Medi Assist Healthcare IPO from Shivani Nyati of Swastika Investmart
Medi Assist Healthcare Services made a strong debut in the secondary market at Rs. 460, with a listing premium of around 11% over its issue price of Rs 418. This impressive performance followed an oversubscribed IPO by 16.25 times, further adding to the positive sentiment surrounding the health-tech firm’s prospects.
Medi Assist Healthcare Services Limited is a well-established health-tech and insurance-tech company, but the identified concerns regarding client concentration and dependence on subsidiaries still require ongoing monitoring.
This successful debut paints a brighter picture for Medi Assist, but cautious optimism is still advised. Thus, investors may book this listing gain and exit their holdings; however, those who want to hold positions are advised to keep a stop loss at issue price.
New Delhi [India], January 23 (ANI): The shares of MediAssist Healthcare Services listed on the exchanges on Tuesday, with an 11 per cent premium. It made its stock market debut at Rs 465 on the BSE against its initial public offering (IPO) issue price of about Rs 418.
Medi Assist Healthcare Services was initially scheduled to debut on the bourses on Monday. On Monday, Indian stock exchanges were closed for trading on the occasion of Pran Pratistha of Ram Temple in Ayodhya.
“This impressive performance followed an oversubscribed IPO by 16.25 times, further adding to the positive sentiment surrounding the health-tech firm’s prospects,” said Shivani Nyati, Head of Wealth, Swastika Investmart Ltd., commenting on the listing. Read more:
On Saturday, the 30-share BSE Sensex fell 259.58 points or 0.36 per cent to settle at 71,423.65. The Nifty declined 50.60 points or 0.23 per cent to close at 21,571.80.
Global oil benchmark Brent crude slipped 0.03 per cent to USD 80.04 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 545.58 crore on Saturday, according to exchange data.
Quarterly earnings, global trends and trading activity of foreign investors will drive stock markets in this holiday-shortened week.
Equity markets would also remain closed on Friday for Republic Day.
“Anticipations surrounding the upcoming budget may drive stock and sector-specific movements. Globally, attention will be directed towards Japan’s monetary policy and the US economic data, with a continued watch on geopolitical developments,” Santosh Meena, Head of Research, Swastika Investmart Ltd, said. Read more:
शेयर बाजारों की दिशा इस सप्ताह कंपनियों के तिमाही नतीजों, वैश्विक रुझान और विदेशी पोर्टफोलियो निवेशकों की गतिविधियां से तय होगी। विश्लेषकों ने यह राय जताई है। यह सप्ताह कम कारोबार सत्रों का रहेगा। 22 जनवरी को बाजार में अवकाश रहेगा।
बीते सप्ताह बीएसई का 30 शेयरों वाला सेंसेक्स 1,144.8 अंक या 1.57 प्रतिशत नीचे आया। एनएसई और बीएसई ने 20 जनवरी यानी शनिवार को सामान्य कारोबारी सत्र आयोजित किए। स्वस्तिका इन्वेस्टमार्ट लि. के शोध प्रमुख संतोष मीणा ने कहा, ‘‘ आगामी बजट को लेकर उम्मीदें और क्षेत्र विशेष गतिविधियां बाजार को दिशा देंगी। वैश्विक स्तर पर सभी की निगाह जापान की मौद्रिक नीति और अमेरिकी आर्थिक आंकड़ों पर रहेगी। इसके अलावा निवेशक भू-राजनीतिक घटनाक्रमों पर भी नजर रखेंगे।’’ यह भी पढ़ें:
Finance Minister Nirmala Sitharaman will present an interim budget on February 1, which will be a vote on account which, by definition, cannot bring significant policy changes. This has not stopped either industry, businessmen or taxpayers from drawing up their wishlists or recommendations.
A common thread among the suggestions is that digital public infrastructure appears to be seen as something that provides the mmum `bang for the buck'.
- Look for announcements benefiting salar classes and rural populations in the lead-up to the upcoming general election.
- Advocate for reconsideration of the removal of LTCG or STT to support the equity culture.
Sunil Nyati, Managing Director, Swastika Investmart. Read more:
Last week, the 30-share BSE benchmark fell by 1,144.8 points or 1.57 per cent. The NSE and BSE conducted normal trading sessions on January 20.
Anticipations surrounding the upcoming budget may drive stock and sector-specific movements. Globally, attention will be directed towards Japan's monetary policy and the US economic data, with a continued watch on geopolitical developments," Santosh Meena, Head of Research, Swastika Investmart Ltd, said.
The past week witnessed continued volatility in the market, characterized by Nifty and Sensex ending with a substantial decline of over 1 per cent, exacerbated by Bank Nifty's notable underperformance, primarily attributed to a significant drop in HDFC Bank's shares post earnings, Meena said.
The aggressive selling by Foreign Institutional Investors (FIIs) following HDFC Bank's results added further pressure to the overall market, he added. Read more:
Stocks in the hospitality and travel and tourism sectors, along with public-sector undertaking (PSU) stocks will remain in focus this week in the wake of the much-awaited 'Pran Pratishtha' ceremony for Shri Ram Lalla which is set to take place on Monday at Ayodhya's Ram Mandir in Uttar Pradesh.
Market experts say that Ayodhya will become a major spiritual tourism destination. The potential for tourism-related business is enormous and has attracted investors into hotel, travel and other tourism-related stocks. While appreciating the long-term potential of investment, investors should not go overboard chasing these stocks that have elevated prices, according to analysts.
From a technical standpoint, Nifty 50 experienced a sharp correction from the 22,124 level, subsequently rebounding from the 21,300 level. ‘’Sustaining above the 20-day moving average (20-DMA) at 21,700 is imperative for any meaningful recovery. Failure to do so may leave Nifty susceptible to further selling pressure within the 21,000–20,800 range,'' said Santosh Meena, Head of Research, Swastika Investmart Ltd. Read more:
After months of buying, foreign portfolio investors are turning a blind eye to Indian equities in the month of January amid concerns over high valuations and uncertainty around global interest rates trajectory.
The steep selloff by foreign investors ensured that benchmark indices recorded their worst week in over two months. Nifty bank too has seen its biggest weekly fall in a year.
Despite these challenges, the midcap and smallcap segments demonstrated resilience, outperforming largely due to robust domestic liquidity. Notably, PSU stocks, especially in the railway sector, sustained a bullish trend.
Going forward, the market will react to quarterly earnings as a substantial number of heavyweights are related to release their third-quarter numbers.
Anticipations surrounding the upcoming budget may also drive stock- and sector-specific movements. Globally, attention will be directed towards Japan's monetary policy and US economic data, with a continued close watch on geopolitical developments," said Santosh Meena, Head of Research, Swastika Investmart. Read more:
FPIs unleash turbulence with Rs 21,000 cr weekly selloff in sudden shift
Devashish Nyati has been appointed as the Chief Technology Officer of Swastika Investmart, the company said on Wednesday.
According to a statement, Nyati will lead the company’s technological ambitions and infrastructure stability in this capacity.
Nyati used to be employed by Google in the US.
Sunil Nyati, Managing Director, Swastika Investmart, said, “We are thrilled to welcome Mr. Devashish Nyati to Swastika Investmart. His leadership will play a key role in advancing our technological capabilities, providing our clients with a cutting-edge and secure financial experience.
Devashish Nyati, CTO, Swastika Investmart, said, “Returning to India and becoming a part of it marks an exciting chapter in my career. I feel honoured to join a company recognized for its dedication to innovation and customer-centric solutions. I eagerly look forward to contributing to the organisation’s growth by leveraging technology to enhance the overall financial experience for our clients.” Read More:
Finance Minister Nirmala Sitharaman will present an interim budget on February 1, which will be a vote on account which, by definition, cannot bring significant policy changes. This has not stopped either industry, businessmen or taxpayers from drawing up their wishlists or recommendations.A common thread among the suggestions is that digital public infrastructure appears to be seen as something that provides the maximum `bang for the buck'.
Foster Economic Growth and Stimulus for Sectors - Anticipate additional stimulus for sectors like manufacturing and renewable energy.- Look for announcements benefiting salary classes and rural populations in the lead-up to the upcoming general election.- Advocate for reconsideration of the removal of LTCG or STT to support the equity culture.-
Sunil Nyati, Managing Director, Swastika Investmart. Read more:
The steep selloff by foreign investors ensured that benchmark indices recorded their worst week in over two months. Nifty bank too has seen its biggest weekly fall in a year.Despite these challenges, the midcap and smallcap segments demonstrated resilience, outperforming largely due to robust domestic liquidity.
Notably, PSU stocks, especially in the railway sector, sustained a bullish trend.Going forward, the market will react to quarterly earnings as a substantial number of heavyweights are slated to release their third-quarter numbers."Anticipations surrounding the upcoming budget may also drive stock- and sector-specific movements. Globally, attention will be directed towards Japan's monetary policy and US economic data, with a continued close watch on geopolitical developments," said Santosh Meena, Head of Research, Swastika Investmart. Read more:
Shares of RIL closed 0.01% higher at Rs 2,735.05, as compared with a 0.70% rise in the benchmark Sensex of the BSE on Friday. Financial results of the company were declared after market hours. On RIL share price movement, Santosh Meena, Head of Research, Swastika Investmart, said, Reliance has broken out of a multi-month consolidation pattern with a bullish flag formation near its 20-day moving average.
"I anticipate that the government's primary emphasis will persist in fostering economic growth through increased capital investment and infrastructure development. It seems likely that sectors such as manufacturing and renewable energy will receive additional stimulus. In the lead-up to the upcoming general election, we can anticipate announcements tailored to benefit salary classes and rural populations. The capital market is currently experiencing robust momentum, and I express the hope that the government refrains from implementing policies that might disrupt the positive market sentiment. Simultaneously, I advocate for a reconsideration of the removal of either Long-Term Capital Gains (LTCG) or Securities Transaction Tax (STT) to provide further support to the equity culture in India," said Sunil Nyati, Managing Director, Swastika Investmart.Read More :
EPACK Durable is India's second-largest RAC ODM. “However, some key risks warrant consideration. The company's dependence on a limited number of major customers. Additionally, the RAC industry is highly competitive, and the business experiences seasonal fluctuations. We recommend that investors apply for this IPO with a mid to long-term view,” said an analyst at Swastika Investmart.Read More :
ब्रोकरेज हाउस Swastika Investmart ने Medi Assist के आईपीओ पर न्यूट्रल रेटिंग दी है. ब्रोकरेज का कहना है कि मेडी असिस्ट हेल्थकेयर के पास स्केलेबल, टेक्नोलॉजी-इनेबल्ड बुनियादी ढांचा है, जो हेल्थ इंश्योरेंस इको सिस्टम के सभी सेग्मेंट की जरूरतों को पूरा करता है. इसके पास ग्रुप अकाउंट का एक डाइवर्सिफाइड बेस है और अधिकांश इंश्योरेंस कंपनियों के साथ इसका मजबूत संबंध है. वित्तीय रूप से, कंपनी उत्साहजनक मेट्रिक्स प्रदर्शित करती है. ब्रोकरेज के अनुसार मेडी असिस्ट के रेवेन्यू का एक महत्वपूर्ण हिस्सा लिमिटेड क्लाइंट पर ही फोकस है. और पढ़ें :
The biggest trigger that could also result in a re-rating for Vodafone Idea is fund infusion and Dalal Street is eagerly awaiting to hear some good news.But after an impressive return of close to 183%, Vodafone shares have seen some profit booking in the last few sessions. However, the overall structure for the stock remains highly attractive, says Pravesh Gour, senior technical analyst at Swastika Investmart.Read more at :
"If we talk about the overall market, then 21,650–21,500 is a key demand zone for the Nifty. Until buy-on-dip texture is continued, while below 21,500, we can expect short-term weakness towards the 21,000–20,800 zone," Santosh Meena, Head of Research, Swastika Investmart said.Read more at:
Medi Assist Healthcare has scalable, technology-enabled infrastructure that addresses the needs of all constituents of the health insurance ecosystem. It has a diversified base of group accounts and a strong relationship with the majority of insurance companies. Financially, the company exhibits encouraging metrics, said Swastika Investmart.Read more:
Swastika Investmart holds a ‘Neutral’ rating on the issue. “Medi Assist concentrates a significant portion of its revenue on a limited number of clients, and its subsidiaries play a crucial role in its overall performance, introducing dependencies. Additionally, the offering is a pure OFS with a premium valuation that warrants a cautious approach,” said Shivani Nyati, Head of Wealth, Swastika Investmart.Read more:
Santosh Meena, Head of Research at Swastika Investmart also highlighted that the large-cap IT stocks surged despite lukewarm earnings, defying market anxieties. While results weren't stellar, they beat subdued expectations, and encouraging management outlooks fueled the rally, he said.Read more:
MOVEMENT in the equity market this week will largely be dictated by quarterly earnings of blue-chip firms HDFC Bank and Hindustan Unilever, along with the announcement of WPI inflation data and global trends, analysts said. The ac- activity of foreign investors, global oil benchmark Brent crude and rupee-dollar trend would also guide the movement. The focus will shift towards Q3 earnings. with key players such as HDFC Bank, HUL, Asian Paints, IndusInd Bank and Ultratech Cement set to announce their results. Pre-budget expectations are also likely to influence the sector and stock-specific movements, Santosh Meena, Head of Research, Swastika Investmart Ltd, said.
“The focus will shift towards Q3 earnings, with key players such as HDFC Bank, HUL, Asian Paints, IndusInd Bank, and Ultratech Cement set to announce their results. Pre-Budget expectations are also likely to influence the sector and stock-specific movements,” Santosh Meena, Head of Research, Swastika Investmart Ltd said.Read more:
Medi Assist Healthcare has scalable, technology-enabled infrastructure that addresses the needs of all constituents of the health insurance ecosystem. It has a diversified base of group accounts and a strong relationship with the majority of insurance companies. Financially, the company exhibits encouraging metrics, said Swastika Investmart.Read more:
"As the market gears up for the budget, institutional flows will play a crucial role in determining its direction. On the global front, macroeconomic data from the USA and China, along with movements in the dollar index, US bond yields, and crude oil prices, will be closely monitored," said Santosh Meena, Head of Research, Swastika Investmart.Read more at:
WPI inflation data for December is scheduled to be announced on Monday.On the global front, macroeconomic data from the US and China, along with movement in the dollar index, US bond yields, and crude oil prices, will be closely monitored.As the market gears up for the Geopolitical tensions source worldwide continue to be a source of uncertainty, demanding the market's vigilant attention," Meena said.
The retail inflation hit a four month high of 5.69 per cent in Dec month while the index of industrial production came at 2.4 percent for Nov, 2023 was at 8 month low.The focus will shift towards Q3 earnings releases, with key players set to announce their results. Pre-budget expectations are also likely to influence sector and stock specific movements, adding to the market's dynamic environment. As the market gears up for the budget, institutional flows will play a crucial role, Sunil Nyati, manag- ing director, Swastika Investmart said.
“Decent results from TCS, especially on the margin front, However, the fall in order bookings is a concern. Technically, 3,700–3,600 is a strong demand zone. 3,800–3,850 is a supply zone. We can expect a range-bound move for some time; above 3,850, we can expect momentum to pick up," said Santosh Meena, Head of Research at Swastika Investmart.Read More:
A few auto stocks namely Bajaj Auto Ltd, Hero MotoCorp Ltd and Tata Motors Ltd are likely to be in focus today. Here is what Santosh Meena, Head of Research at Swastika Investmart has to say on these stocks ahead of Tuesday's trading session.Read more :
Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd, said, “All eyes will be on the beginning of corporate performance for the third quarter of the current fiscal year (Q3 FY24), spanning from November to December. The anticipation is particularly high for India’s IT giants. TCS and Infosys released their Q3 results on January 11th, followed by HCL Tech and Wipro on the 12th. Market participants will be keeping an eye on the movement of the rupee against the dollar and crude oil prices. Investments by foreign institutional investors (FIIs) and domestic institutional investors (DIIs) will also be monitored.”Read more:
Jyoti CNC Automation is one of the world’s leading manufacturers of CNC machines. In the last three years, the company has supplied over 8,400 CNC machines to more than 3,500 customers in India and across Asia. The company's global customer base is well-diversified and offers a wide range of products, said Swastika Investmart.Read more :
On the charts, Nifty is forming new higher highs daily, with identified support levels at 21,500 and 21,400. Immediate resistance is anticipated at 21,800 and 21,900, said Arvinder Singh Nanda, Senior Vice President, of Master Capital Services.
To this, Pravesh Gour, senior technical analyst at Swastika Investmart added that if Nifty manages to sustain above the 21,800 mark, then 22,000 and 22,200 will be the next target levels.Read more:
On the domestic front, all eyes will be on the beginning of corporate performance for the third quarter of the current fiscal year. Market participants will be keeping an eye on the movement of the rupee against the dollar and crude oil prices.Investments by Foreign Institutional Investors (FIIs) and Domestic Institutional Investors (DIIS) will also be monitored,said Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd.
Sunil Nyati, Managing Director, Swastika Investmart said largecap stocks are gaining momentum after a recent phase of underperformance, presenting a promising opportunity for investors, particularly if there's an influx of foreign institutional investments in the domestic market.Read more:
A few stocks of Dalal Street namely Divis Laboratories Ltd, ITC Ltd and Tata Motors Ltd are likely to remain under traders’ radar today. Here is what Pravesh Gour, Senior Technical Analyst at Swastika Investmart has to say on these stocks ahead of Wednesday's trading session.Read more:
The Indian market has demonstrated resilience, emerging as one of the standout performers within the broader emerging markets basket, Sunil Nyati, Managing Director of Swastika Investmart Ltd, said.Read More:
Auto stocks are expected to remain in focus as major automakers will begin releasing their December sales figures starting from January 1. ‘’These sales figures will provide valuable insights into consumer demand and the health of the auto industry, potentially impacting the performance of related stocks,'' said Pravesh Gour, Senior Technical Analyst at Swastika Investmart Ltd. Read More:
“Bank Nifty is consolidating, where 48500-48800 is an immediate resistance area; above this, 49500–50000 will be the next target zone,” said Pravesh Gour, senior technical analyst at Swastika Investmart.Read More:
"Given the uncertain outlook, a cautious approach is warranted, and investors may exit their position; however, those who want to hold it should maintain a stop loss at the issue price," said Shivani Nyati, Head of Wealth, Swastika Investmart.Read more:
The market capitalization of BSE-listed companies climbed sharply by Rs 81,90,598.32 crore this year to reach an all-time high of Rs 3,64,28,846.25 crore.The Indian market has demonstrated resilience, emerging as one of the standout performers within the broader emerging markets basket, Sunil Nyati, Managing Director of Swastika Investmart Ltd, said.
“When interest rates remain lower, inflation begins to increase, which subsequently lifts gold prices. In 2024, the Fed will remain dovish on monetary policy, which would be a favorable condition for gold's bull run,” said Nirpendra Yadav, senior commodity research analyst at Swastika Investmart.Read more:
Sagar Pandey, Head of HR at Swastika Investment, suggests focusing on employee well-being, digital transformation, a diverse and inclusive workplace, workforce up-skilling, and implementing agile tactics in 2024 to effectively manage change.Read more:
"Nifty has bullish momentum; it has crossed 21,500–21,600 levels, which act as key resistance zones. Now, we can expect a move towards 21,800/22,000. 21,500 is a key support level; below this, we can expect pressure towards the 21,325 level," said Pravesh Gour, Senior Technical Analyst at Swastika Investmart.Read more:
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