Gautam Duggad, Head of Research at Motilal Oswal, shares his insights on the shifting landscape of the Indian consumption sector. While reducing their exposure to consumer discretionary stocks, they are finding opportunities in specific areas like jewelry, hotels, and food delivery. Their current focus has shifted towards sectors like IT, private banks, real estate, and industrials.
Zinka Logistics IPO: The Bengaluru-based company has set a price band of Rs 259-273 per share for its offer. The issue includes a fresh share issuance worth Rs 550 crore and an offer for sale (OFS) from existing shareholders of up to 2,06,85,800 shares, valued at Rs 564.72 crore at the upper end of the price range.
Gautam Duggad, Head of Research at Motilal Oswal, analyzes the recent earnings season, noting a slowdown in growth, particularly impacted by commodity sectors. Despite this, he sees potential in industrials, driven by government capex spending. While Nifty valuations offer limited room for expansion, Duggad suggests that market consolidation could create opportunities for growth in the coming year.
A Moscow-based fertility clinic is offering free IVF treatments. The clinic is using sperm from Telegram CEO Pavel Durov. The offer is open to women under 37. Durov will finance all IVF protocols. He has previously said he has fathered over 100 children through donor programs.
UPL Share Price: Shares of UPL surged 5.6% to Rs 552.70 on Tuesday after the agrochemical company reported a net loss of Rs 443 crore for Q2 FY25, more than 2.3 times higher than the loss in the same period last year. Revenue for the quarter increased to Rs 11,090 crore, up from Rs 10,170 crore, driven by a 16% YoY growth in volumes, despite a 7% drop in prices and flat forex rates.
Sagility India Share Price: Sagility India's shares opened modestly above the anticipated Rs 0.3 per share. The company had a fair stock market debut, with its IPO seeing a moderate subscription rate of 3.2 times. This positive listing is notable given the company's niche focus on the US healthcare market, influenced by regulatory and economic dynamics.
Shree Cements shares fell 4% on Tuesday to Rs 23,500.15 after the company reported an 80% YoY drop in Q2 profit, down to Rs 93.13 crore. The decline was driven by weak demand and lower prices for cement. Despite the seasonally slow quarter, sales volume also dropped 7% to 7.60 million tonnes.
Kelly Spahr from North Carolina won a $250,000 lottery prize. Spahr bought a scratch-off ticket while getting orange juice at a Quality Mart. She chose the $20 Merry Multiplier ticket. The ticket turned out to be a top prize winner. Spahr said the win will greatly benefit her family. In another event, a man won a $3 million lottery prize.
NMDC shares fell 4.2% despite a strong Q2 performance and a 2:1 bonus share announcement. Revenue grew 19.7%, while profit rose 23% YoY. Motilal Oswal maintains a buy rating with a Rs 280 target.
