Author: Supriya Jena

On Wednesday morning, sugar company shares were doing well. Bannari Amman Sugars Ltd. saw a big boost, rising by 5.22%. Other companies like EID Parry and Sakthi Sugars also increased, with gains of 2.15% and 0.95%, respectively.

A few companies did not perform as well. Balrampur Chini Mills saw a drop of 3.15%, and Simbhaoli Sugars fell 2.13%.

At around 10:09 AM, the NSE Nifty50 index was up by 100.25 points, reaching 24557.4. The BSE Sensex was up 378.35 points, sitting at 81224.1.

In other news, companies like SBI Life Insurance and HDFC Life Insurance were among the top gainers, both increasing by around 2%. However, some companies like Cipla and Bharti Airtel saw their shares decline.

Brokerages are feeling positive about JSW Infrastructure, GAIL India, and Supreme Industries. They see strong growth opportunities and good value in these stocks.

JSW Infrastructure: Investec has recommended buying shares of JSW Infrastructure with a target price of Rs 370, which means a potential rise of 15% from the current price of Rs 321. They believe that this company can grow its revenue significantly because of strong demand for its services over the next few years. The growth is expected from more cargo being handled at their new terminal and help from the JSW Group. The government’s push for privatizing ports also opens up new chances for the company. Also, JPW’s long-term contracts give it a solid outlook for the future. Even though the stock is priced higher than some others, Investec thinks it’s worth it due to the company’s strong growth potential.

GAIL India: Jefferies has rated GAIL India as a good buy, with a target price now at Rs 235, which gives a potential 17% rise from the current price of Rs 200. Jefferies believes that the demand for gas in India will remain strong, thanks to new local sources, LNG contracts, and better pipeline connections. They think GAIL can grab a bigger share of the gas transmission market once two new pipelines start working in FY26. If GAIL can increase prices soon, their business could see a boost. The expected earnings growth looks good too, making the stock appealing.

Supreme Industries: Jefferies has also given a buy rating for Supreme Industries, setting a target price of Rs 6,450, suggesting a potential rise of 35% from the current price of Rs 4,763. The company is expecting to sell over 20% more products soon due to seasonal demand and new projects. They also plan to increase their production capacity by 13% by March 2025. Additionally, a recent price rise in PVC (a key material for their products) gives Supreme Industries a brighter outlook. Jefferies sees this company as a solid choice in plumbing, agriculture, and infrastructure, predicting strong earnings growth in the coming years.

(With insights from NiftyStat)

(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times.)

Amazon recently revealed new artificial intelligence tools at its big AWS conference in Las Vegas. These tools, called foundation models, let users create text, images, and videos easily. This move puts Amazon in competition with companies like Adobe and Meta, which are also offering cool AI services to help customers.

During the conference, Amazon’s CEO, Andy Jassy, shared that developers had many wishes for AI improvements. They wanted faster results, lower costs, and better ways to customize the tools. With these new offerings, Amazon aims to shake off opinions that it was slow to develop AI technology while others rushed ahead.

One exciting feature is called Nova Reel, which lets people make short videos, like six seconds long, perfect for showing products on Amazon. Soon, users will be able to create videos that last up to two minutes. People in the entertainment industry are eager to use these tools to speed up filmmaking.

However, there are concerns about whether these AI systems might steal ideas from other creators. Amazon also introduced Canvas, a tool that makes images from short text descriptions. Jassy assured users that they will include watermarks to ensure the content is used safely and responsibly.

Other new features will help people quickly analyze and process text as well. Overall, these tools are designed to make creative work easier and more efficient.

On Tuesday, the Indian stock market ended on a positive note. The Nifty 50 index gained thanks to two big companies, HDFC Bank and Reliance Industries. Also, U.S. Federal Reserve officials hinted at a possible interest rate cut of 0.25% later this month, which made investors hopeful.

The S&P BSE Sensex rose by 597.67 points (0.74%) and closed at 80,845.75. Meanwhile, the Nifty 50 index went up by 181.10 points (0.75%) to finish at 24,457.15.

Market Insights:

Vinod Nair from Geojit Financial Services said that the stock market is getting stronger, driven by good global news. People are now looking for signs of growth in the economy, especially since the recent weak economic data is already reflected in company earnings. Right now, everyone’s focused on what the Reserve Bank of India (RBI) will say about interest rates and liquidity.

Banking stocks saw the biggest gains because they are sensitive to interest rates, while metal stocks did well due to higher import taxes and better manufacturing data from China.

What’s Happening in the U.S. and Europe:

In the U.S., stock prices were down early Tuesday after hitting record highs. Investors were uncertain if stocks are too expensive. However, AT&T shares jumped 4.8% after announcing $40 billion in returns to shareholders.

In Europe, Germany’s DAX surpassed 20,000 points for the first time. Markets in Paris bounced back despite political issues in France. The euro gained strength against the dollar, as more interest rate cuts from the Federal Reserve are expected.

Tech Analysis:

The Nifty started strong but had some ups and downs before closing positively at around 24,457. Hrishikesh Yedve from Asit C. Mehta said that the Nifty showed strength on the daily chart, hinting at a potential upward trend. If it goes above 24,550, it could reach 24,700 to 24,800. As long as the Nifty stays above 24,300, buying on dips is a good strategy.

Most Active Stocks:

– Top Stocks by Value: Punjab National Bank (Rs 121.57 crore), Power Grid Corp (Rs 106.43 crore), Adani Green Energy (Rs 95.52 crore).
– Top Stocks by Volume: Vodafone Idea (28.36 crore shares), YES Bank (15.02 crore shares), Suzlon Energy (9.11 crore shares).

Stocks Showing Buying Interest:

Shares of HEG, Graphite India, and Torrent Power were popular among buyers.

52-Week Highs and Lows:

Over 251 stocks hit their highest prices in 52 weeks, while 13 fell to their lowest. Some high-flyers included Garware Technical Fibres and KEC International.

Market Sentiments:

The overall mood in the market was positive. Out of 4,067 stocks traded, 2,704 went up, 1,261 went down, and 102 stayed the same.

Disclaimer: The opinions in this article are those of the individual experts and may not reflect the views of NiftyStat.

Reliance Power announced that the Solar Energy Corporation of India Limited (SECI) has lifted a ban on the company. This means that Reliance Power and its subsidiary, Reliance NU BESS Limited (formerly called Maharashtra Energy Generation Limited), can now take part in all SECI tenders. Previously, on November 6, SECI had banned both companies from joining any future tenders for three years. However, after some legal discussions, SECI decided to remove this ban. It’s important to note that SECI still has the right to take legal actions if necessary

Amazon India has bought a large piece of land—over 38 acres—in Palava, close to Mumbai, from Lodha, a well-known real estate company. They paid more than ₹450 crore (about $54 million) to build a big data center there. Amazon’s data service branch, Amazon Data Services India, will use the land to create a new facility that can hold up to 4.16 million square feet of space.

So far, Amazon has paid about ₹396 crore to Lodha as part of the deal and will pay the remaining ₹54 crore later after completing some steps. They also paid ₹27 crore for stamp duty to register the purchase on November 12.

Last year, Amazon also leased a smaller 4-acre land in Powai, Mumbai, for nearly 18 years to build another data center, spending more than ₹562 crore in total rent. In 2022, they even leased an extra 5.5 acres from the same company, adding up their total land to 9.5 acres, costing nearly ₹1,500 crore in rent over the years.

Before these deals, Amazon set up a data center in Thane, where they bought a huge 54-acre land for over ₹1,870 crore last year.

Amazon is dedicated to improving digital services in India and plans to spend up to $12.7 billion on cloud infrastructure by 2030. Other big companies like Google and Microsoft are also investing in data centers in India, which are becoming super important for various online services

Good news for everyone! The Nifty 50 index has gone up more than 1% in the last two trading days. A company called Axis Securities believes that the index could reach 26,100 by December 2025, which is an 8% increase from where it is now. They think India’s economy is growing strong, thanks to more money being spent on projects, which helps banks lend more. This means that Indian stocks could provide great returns, predicted to be in the double digits over the next 2-3 years.

Axis Securities expects earnings to grow at a strong rate of 14% each year from 2023 to 2027. They see good signs from the economy, government spending on buildings and roads, and a stable political situation. Financial stocks like ICICI Bank and SBI are expected to do really well in 2025 and 2026.

Even though some investors might be looking at China for a little while, Axis Securities is still confident about the long-term prospects of Indian stocks. Their advice? Focus on choosing good-quality stocks at reasonable prices to increase your chances of earning money in the next year.

In the short term, there might be some ups and downs in the market. Axis Securities suggests a “Buy on Dips” strategy. They recommend keeping some cash handy (about 10%) to take advantage of price drops and to invest in high-quality companies that are likely to perform well in the next 12-18 months.

In a nutshell, Axis Securities feels positive about India’s market in the long run, even when the global situation seems unpredictable.

Their top stock picks include:

Financials:
– ICICI Bank (Target Price: Rs 1,500; Upside: 15%)
– State Bank of India (Target Price: Rs 1,040; Upside: 24%)
– HDFC Bank (Target Price: Rs 2,025; Upside: 13%)
– Cholamandalam Investment & Finance (Target Price: Rs 1,675; Upside: 36%)

Healthcare:
– Aurobindo Pharma (Target Price: Rs 1,730; Upside: 37%)
– Lupin Ltd (Target Price: Rs 2,600; Upside: 27%)
– Healthcare Global Enterprises (Target Price: Rs 575; Upside: 14%)

Consumer Staples:
– Varun Beverages (Target Price: Rs 700; Upside: 13%)

Communication Services:
– Bharti Airtel (Target Price: Rs 1,880; Upside: 16%)

Information Technology:
– HCL Technologies (Target Price: Rs 2,100; Upside: 14%)

Materials:
– Dalmia Bharat (Target Price: Rs 2,040; Upside: 12%)
– Gravita India (Target Price: Rs 3,000; Upside: 38%)

Consumer Discretionary:
– Chalet Hotels (Target Price: Rs 1,035; Upside: 16%)
– Sansera Engineering (Target Price: Rs 1,780; Upside: 12%)

Real Estate:
– Prestige Estates Projects (Target Price: Rs 2,195; Upside: 33%)

Industrial:
– J.Kumar Infraprojects (Target Price: Rs 950; Upside: 26%)

So remember, keeping some cash on hand is smart for taking advantage of dips in quality stocks!