Author: Sarita Jena

Tata Power Company’s shares went up by 0.35%, reaching Rs 393.80 during trading on Thursday at 1:13 PM IST. The highest price for the day was Rs 394.00, while the lowest was Rs 387.50. The company’s return on equity (ROE) is 11.42%, showing it’s making good profits from its investments.

At that time, about Rs 16.14 crore worth of Tata Power shares were traded, with a total of several shares changing hands. Over the past year, the stock hit a high of Rs 494.85 and a low of Rs 319.80. It has a Beta value of 1.7336, meaning it tends to be more volatile compared to the average stock market.

Promotion and Investor Holding

As of September 30, 2024, promoters own 46.86% of Tata Power, foreign investors (FIIs) hold 9.17%, and local institutional investors have 9.13%.

Financial Performance

For the quarter ending September 30, 2024, Tata Power reported sales of Rs 16,210.80 crore, which is a slight decrease from the previous quarter’s Rs 17,540.98 crore but a small increase from Rs 16,029.54 crore a year ago. After taxes, the company made Rs 926.53 crore, which is 5.83% more than last year.

Technical Analysis

Currently, the MACD shows a bearish trend, suggesting that the stock may drop in price. The MACD helps to signal price trends by comparing two moving averages over different time periods. When it falls below its signal line, it indicates that the stock might see downward movement.

Billionaire Mukesh Ambani is planning to list Reliance Jio, the telecom part of Reliance Industries Ltd (RIL), on the stock market. This could be the biggest IPO ever in India, aiming to raise around Rs 35,000-40,000 crore! A report says that Jio could be valued at $120 billion, with the IPO expected in the second half of 2025.

The plan includes selling both new and existing shares, and there might be a special placement for some investors before the IPO. Talks about this special placement have already started, but it’s unclear how many new shares will be offered versus existing ones.

If it happens, the Reliance Jio IPO would surpass Hyundai India’s IPO of Rs 27,870 crore from October 2024, marking a huge step for the Indian stock market.

This IPO might also boost RIL shares, which had a tough year in 2024, closing with a loss for the first time in a decade. RIL shares have dropped about 6% over the past year. Last July, Jefferies, a global investment bank, suggested that Jio’s listing could happen in 2025 with a value of $112 billion.

Jio has also been leading recent price increases in services, aiming to get more subscribers. However, the telecom industry has been losing subscribers since the price hikes started, but the drop is slowing down. Jio currently leads the market with 40% of subscribers. Experts warn that competition in the industry could lead to price wars, which might affect profits.

They believe it will take a few months for the price hike to fully show up in revenues because most Jio users are on long-term plans.

Shares of Eicher Motors, the company that makes Royal Enfield motorcycles, jumped 7% to a new 52-week high of Rs 5,226 on the Bombay Stock Exchange. This surge happened during Thursday’s trading, thanks to excellent sales figures in December.

The company shared that it sold 79,466 Royal Enfield motorcycles last December, which is a 25% increase compared to 63,887 units sold in December of last year. Motorcycle sales for models with engine sizes up to 350 cc also grew by 25%, with 69,476 units sold. Models with larger engines, above 350 cc, increased sales by the same percentage, reaching 9,990 units. Exports of these motorcycles shot up by an incredible 90%, reaching 11,575 units.

For the first nine months of this financial year, Eicher Motors sold 727,077 Royal Enfield motorcycles, a 6% rise from 685,059 units sold during the same period last year.

B Govindarajan, the CEO of Royal Enfield, expressed excitement about their growth, stating they are eager to inspire motorcycle lovers worldwide with exciting initiatives as they prepare for 2025.

Recently, Royal Enfield launched a new assembly plant in Bangkok, making it their sixth global facility after locations in Argentina, Colombia, Brazil, Bangladesh, and Nepal. The company is also expanding its second-hand motorcycle business, REOWN, to 236 cities across India.

According to Niftystat data, the average target price for Eicher’s stock is Rs 4,869, suggesting a slight drop of 7% from current prices. However, out of 38 analysts, most agree that the stock is a “Buy.”

As of 12:17 PM, the stock was up 6.4% and trading at Rs 5,198.7. Over the past year, Eicher Motors’ stock has gained 34%, and it has increased by 101% over the last three years.

Disclaimer: The recommendations and views here are personal opinions and do not reflect the views of The Economic Times.

On Thursday, Havells India Ltd.’s shares dropped slightly by 0.03%, trading at Rs 1679.95 around 12:37 PM (IST). This decrease comes as the Nifty index was up by 301.25 points, reaching 24044.15. The stock had previously closed at Rs 1680.50.

The company’s shares have had quite a range over the past year, hitting a low of Rs 1280.20 and a high of Rs 2104.95. Currently, Havells has a market value of Rs 105,447.79 crore on the Bombay Stock Exchange (BSE). So far, 4,360 shares have been traded today.

At its current price, the stock is trading at 74.75 times its earnings per share (EPS) of Rs 22.50 from the last 12 months. It also has a book value that makes it 12.75 times its current price. The company’s return on equity (ROE) is at 17.07, which is a good sign.

For the three months ending September 30, 2024, Havells reported sales of Rs 4,632.20 crore, which is a 17.19% increase compared to the same quarter last year. They also made a profit of Rs 268.23 crore, showing a 7.69% yearly growth.

In terms of technical analysis, analysts look at something called the Relative Strength Index (RSI) to help gauge the stock’s performance. As of Thursday, the RSI value can give clues on whether the stock is overbought (over 70) or oversold (under 30). However, analysts warn that RSI should not be the only basis for a trading decision, just as no single valuation ratio can be used to recommend buying or selling stocks.

As of 12:27 PM IST on Thursday, shares of Bharat Electronics Ltd. were priced at Rs 292.65, which is a decrease of 0.42% from the previous day’s closing price of Rs 293.90. This change came as the BSE Sensex dropped significantly, losing 816.01 points and standing at 79,323.42.

The stock has been on a rollercoaster ride, hitting a 52-week high of Rs 340.35 and a low of Rs 171.70. According to data from NiftyStat, the total number of shares traded by that time reached a significant amount, with a turnover of Rs 12.69 crore.

At the current price of Rs 292.65, the stock is valued at 47.11 times its earnings per share (EPS) of Rs 6.21 from the past 12 months. This high Price-to-Earnings (P/E) ratio suggests that investors are optimistic about the company’s future growth. It also trades at a Price-to-Book (P/B) value of 9.02, which reflects what investors are willing to pay for the company, even if it is not growing at the moment.

The stock’s Beta value, which tells us how much its price moves compared to the overall market, is 1.4399 means it has higher volatility.

Shareholding details reveal that the promoters own 51.14% of the company as of September 30, 2024. Foreign Institutional Investors (FIIs) hold 17.27%, while Domestic Institutional Investors (DIIs) own 20.11%.

Today, at 12:12 PM, ACC Ltd.’s share price went up by 0.9% to Rs 2070.05. The stock reached a high of Rs 2071.25 and dipped to a low of Rs 2040.05 during the trading session. In the previous session, the share closed at Rs 2051.45. So far, a total of 2,489 shares have been traded, valued at Rs 0.52 crore on the NiftyStat market.

ACC Ltd. has a price-to-earnings (P/E) ratio of 18.92, which means investors are willing to pay more for each rupee the company earns, expecting strong future growth. The price-to-book ratio of 2.87 shows how much investors value the company, even if it’s not currently expanding.

In the last year, ACC’s stock has increased by 8.72%, while the top 30 companies (30-share index) saw an even bigger jump of 12.36%. ACC Ltd. is a key player in the Cement sector across India.

As of September 30, 2024, promoters own 50.05% of the company. Foreign investors hold 5.51%, and domestic institutions own 15.35%.

Financial Highlights: In the quarter ending September 30, 2024, ACC reported sales of Rs 4,772.11 crore. This shows a decrease of 8.7% from the previous quarter’s Rs 5,226.61 crore but is an increase of 2.74% from Rs 4,644.78 crore a year ago. The latest quarter’s profit was Rs 199.66 crore, up 48.52% from the same time last year.