JM Financial maintains a Buy call on Welspun Living, projecting a target price of Rs 200. The company's Q4FY25 consolidated total income rose to Rs 2648.16 crore, with a net profit of Rs 133.04 crore. Despite tariff uncertainty impacting margins, the brokerage anticipates earnings growth driven by stable cotton prices and government support for the textile sector.
ICICI Securities maintains an Add call on Apollo Hospitals Enterprise, raising the target price to Rs 7,500. This revision reflects anticipated faster growth and improved margins in the pharmacy sector. The brokerage has increased revenue, EBITDA, and PAT estimates for FY26 and FY27, valuing the hospital business at 25x FY27E EV/EBITDA.
Emkay Wealth Management's Dr. Joseph Thomas anticipates a potential RBI rate cut in 2025 amid controlled inflation and growth imperatives. He navigates global volatility from tariff tensions and US bond yield fluctuations, highlighting India's improving earnings and IPO surge. Opportunities exist for long-term investors in SMIDs, infrastructure, PSU equities, consumer discretionary, healthcare, technology, and utilities sectors.
Edelweiss Mutual Fund maintains low cash levels, believing in stock picking over market timing. Radhika Gupta highlights SIPs as a reliable investment strategy. Smallcap returns have recovered, but earnings growth is crucial. The firm avoids taking cash calls in equity funds, focusing on sector selection. Gupta advises a balanced asset allocation with fixed income, gold, and international funds.
REC Share Price: The REC board has approved a Rs 1.55 lakh crore fundraising plan through bonds and proposed the strike-off of Rajgarh III Power Transmission Ltd, a project-specific SPV. The decision to dissolve the SPV comes after the government de-notified the associated project.
BofA Securities reports the residential real estate sector is in its fifth year of an upcycle, characterized by demand exceeding supply. While luxury housing initially drove growth, a more balanced contribution from mid-segment and affordable housing is anticipated. Developers can expect continued booking growth, though volume growth was challenging in the past year, larger companies are consolidating the market.
US stock market saw a mixed closing. S&P 500 was flat, Nasdaq rose slightly, and Dow Jones fell. Trade policies and weak economic data impacted market performance. The services sector contracted, and input prices increased. Investors are awaiting further labor market data. Tariff negotiations between the US and its trading partners remain a key focus for investors.
Asian shares displayed caution as weak US economic data bolstered expectations for Federal Reserve rate cuts. Treasury yields stabilized after a rally, while the dollar weakened. Markets are closely watching Japan's super-long-term bond auction amid concerns about demand. US economic activity has slowed, raising fears about equity market valuations.
