Nuvoco Vistas shares: The East India-based cement company reported a significant jump in consolidated net profit for the AprilJune quarter, rising to 133.16 crore from 2.84 crore a year ago. Operating revenue increased by nearly 9% to 2,872.70 crore.
Sudip Bandyopadhyay of Inditrade Capital discusses the positive outlook for the Indian pharma sector following the easing of tariff concerns. He highlights Sun Pharma's promising developments and Glenmark's landmark R&D deal. Bandyopadhyay also notes the expected price hike in the steel industry due to increased global demand, while emphasizing company-specific uncertainties like JSW Steel's Bhushan Steel strategy.
Chakri Lokapriya of LGT Wealth India suggests allocating 20-30% of portfolios to fixed income for stability amidst market volatility. He anticipates a 10-12% Nifty gain for CY2025, contingent on US tariff negotiations, and highlights electronics, semiconductors, and energy as promising sectors. Investors should focus on stocks with strong earnings visibility in a stock picker's market.
State Bank of India's monumental 25,000-crore QIP witnessed overwhelming demand, exceeding four times the offered stock. Attracting bids worth 1.10 lakh crore from around 120 investors, including BlackRock and Marshall Wace, the sale underscores confidence in SBI's growth prospects. The capital raise will bolster SBI's CET 1 ratio, positioning it for future expansion.
In the Nifty500 pack, 10 stocks' close prices crossed above their 200 DMA (Daily Moving Averages) on July 17, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend. Take a look:
Reliance Industries is poised to announce Q1 earnings, with analysts predicting a substantial 15-16% year-on-year EBITDA surge, driven by strong performances across its retail, telecom, and O2C segments. A retail revival, led by quick commerce and improved store productivity, and robust subscriber additions in Jio are expected to fuel growth.
Securities and Exchange Board of India is concerned about high volumes in short-term derivatives. A Sebi official spoke about this in Kolkata. The regulator may introduce new steps for the F&O market. Short-term derivatives might hinder capital formation. Expiry day option trading can increase market volatility. Sebi research reveals that most individual traders lost money in F&O trading.
