Category: Business & Economy

NEW DELHI: On Thursday, several companies were popular among traders because of high trading volumes. The top gainers included:

– Vodafone Idea: 35.52 crore shares traded
– Easy Trip Planners: 9.36 crore shares traded
– YES Bank: 8.33 crore shares traded
– Zomato: 7.56 crore shares traded
– Rama Steel Tubes: 6.40 crore shares traded
– Suzlon Energy: 4.96 crore shares traded
– Go Digit General Insurance: 4.73 crore shares traded
– Kalyan Jewellers Industries: 4.43 crore shares traded
– Wipro: 3.99 crore shares traded
– NMDC: 3.62 crore shares traded

In the stock market, the NSE Nifty index went up by 50 points, reaching 23,205.35. Similarly, the BSE Sensex increased by 115.39 points, finishing at 76,520.38.

However, not all companies did well. The top losers included:
– Bharat Petroleum Corporation Ltd.: down 2.29%
– Kotak Mahindra Bank Ltd.: down 1.19%
– HCL Technologies Ltd.: down 1.14%
– Power Grid Corporation of India Ltd.: down 1.08%
– Reliance Industries Ltd.: down 1.06%

As of 1:24 PM (IST) on Wednesday, SRF Ltd.’s shares were priced at Rs 2499.25, showing a drop of 2.91% from the previous day. This is while the BSE Sensex, a major stock market index, fell by 89.34 points to reach 75,927.7. Just yesterday, the SRF shares were worth Rs 2574.35.

Looking back at the past year, SRF’s shares hit a high of Rs 2697.45 and a low of Rs 2088.55. So far, by 1:24 PM, 1945 shares had been traded, totaling Rs 0.50 crore.

When we look at how much people are willing to pay for SRF, it has a price-to-earnings (P/E) ratio of 65.37. This means investors expect good growth in the future. The price-to-book value is 6.63; this number shows what investors consider the company is worth, even if it doesn’t grow much.

SRF’s volatility, measured by its Beta value, is 1.2428, indicating that it moves more than the market.

Who Owns SRF?
As of December 31, 2024, the company has 50.26% of its shares owned by promoters, while foreign investors hold 18.36%, and domestic investors have 9.6%.

What Do the Charts Say?
Looking at technical charts, the relative strength index (RSI) for SRF is 56.23. Generally, if the RSI is above 70, the stock could be considered overbought, and if below 30, oversold. But remember, don’t rely on just this information alone when deciding to buy or sell.

As of 12:07 PM on Wednesday, ACC Ltd.’s share price has dropped by 1.4%, now sitting at Rs 1989.30. During the day, the stock reached a high of Rs 2024.95 and a low of Rs 1986.95. On the previous day, it closed at Rs 2017.60.

So far, around 12,500 shares have been traded, with a total transaction value of Rs 0.88 crore. The stock is valued at a price-to-earnings (P/E) ratio of 18.32 and a price-to-book (P/B) ratio of 2.87. A higher P/E indicates that investors expect the company to grow, while the P/B ratio shows how much investors are willing to pay for the company’s assets, even if it doesn’t grow.

ACC Ltd. is a part of the Cement industry in India. As of December 31, 2024, promoters hold 56.69% of the company’s shares. Foreign and domestic institutional investors own 5.14% and 24.56%, respectively.

In its latest report for the quarter ending September 30, 2024, ACC Ltd. had sales of Rs 4772.11 crore. This is an 8.7% decrease from the previous quarter’s Rs 5226.61 crore, but a 2.74% increase compared to Rs 4644.78 crore from the same quarter last year. The company’s profit for this quarter was Rs 199.66 crore, which is a big jump of 48.52% from the same time last year.

In the stock market on Wednesday, shares of LTIMindtree Ltd. dropped by 0.74% to reach Rs 5799.00 at 11:56 AM in India, even though the overall market, represented by the Sensex, was doing well and up by 199.42 points at 76037.78. The stock started the day low, but earlier in the session, it opened at Rs 5756.00. Throughout the morning, it traded between a high of Rs 5811.65 and a low of Rs 5690.00.

LTIMindtree has a 52-week high of Rs 6764.80 and a low of Rs 4518.35. So far today, about 3670 shares have been traded. The company’s price-to-earnings (PE) ratio is 37.50, meaning its stock price is 37.5 times its earnings per share (EPS), which is Rs 154.25. It also has a price-to-book (PB) ratio of 7.30 and a return on equity (ROE) of 23.45.

Looking at ownership, the promoters hold 68.57% of the company. Foreign Institutional Investors (FII) own 7.45%, while Mutual Funds (MF) own 5.4%.

With a market value of Rs 171401.19 crore, LTIMindtree is a mid-sized player in the IT Consulting & Software industry. For the last quarter that ended on December 31, 2024, the company reported sales of Rs 9873.40 crore, which is a slight increase of 1.46% compared to the previous quarter and up 6.9% from the same quarter last year. Their net profit for this period was Rs 1085.4 crore, up 7.14% year-over-year.

As for technical analysis, the stock’s relative strength index (RSI) stands at 45.29. This number helps traders judge if a stock is overbought (above 70) or oversold (below 30). However, analysts caution that the RSI should not be the only measure used when making trading decisions, similar to how one can’t judge a stock by just one financial ratio.

InterGlobe Aviation Ltd. saw its stock price drop by 2.08% to Rs 4024.60 during trading on Tuesday. The stock reached a high of Rs 4149.85 and a low of Rs 4010.00 throughout the day.

Looking at the technical charts, the 200-day moving average (200-DMA) is at Rs 4323.21, and the 50-day moving average (50-DMA) is at Rs 4291.95. If a stock price is above both the 50-DMA and 200-DMA, it usually means the stock is likely to go up. If it’s below both averages, it indicates a downward trend. When the stock is between these averages, it means the stock could go either way.

Currently, the stock is trading below the signal line of the MACD, a tool that helps traders spot changes in trends. The MACD looks at the difference between the 26-day and 12-day moving averages and uses a nine-day moving average as its signal line to suggest when to buy or sell.

Additionally, the Relative Strength Index (RSI) of the stock is at 35.53. This means the stock is not being bought as much, as stocks are usually seen as overbought when the RSI is above 70 and oversold when it is below 30.

Finally, the company shows an impressive return on equity (RoE) of 409.35% and a return on capital employed (RoCE) of 873.10%. RoCE helps measure how well a company uses its capital to generate profits, while RoE measures how well the company is doing compared to the money its owners have invested.

As of 01:47 PM (IST) on Tuesday, the share price of PI Industries Ltd. went down by 1.41%, sitting at Rs 3544.95. During the trading session today, the stock reached a high of Rs 3617.00 and a low of Rs 3521.00. Yesterday, it closed at Rs 3595.85.

So far, the trading volume is strong with many shares changing hands, resulting in a turnover of Rs 1.07 crore on the BSE. Looking at the company’s earnings, the stock is valued at a price-to-earnings (P/E) ratio of 30.23. This means that investors believe the company will perform well in the future and are willing to pay more for its shares. The price-to-book ratio is 6.74, which shows how much investors are willing to pay compared to the company’s actual value, even if it doesn’t grow much.

PI Industries Ltd. is a part of the Pesticides/Agro Chemical industry. As of December 31, 2024, the promoters own 46.09% of the company. Foreign investors hold 18.46%, and domestic institutional investors have a 27.06% stake.

In terms of financials, PI Industries reported sales of Rs 2343.20 crore for the quarter ending on September 30, 2024. This is an increase of 9.41% from the last quarter and 8.29% compared to the same quarter last year. Their profit for this latest quarter stood at Rs 508.2 crore, which is up by 5.76% from the same time last year.

On Tuesday, Tata Elxsi Ltd. shares were trading slightly higher by 0.43% at 11:18 AM (IST). The stock started at Rs 6202.05 and reached a high of Rs 6273.35 and a low of Rs 6157.75 during the day. Over the past year, the highest price for the stock was Rs 9082.90 and the lowest was Rs 5924.00. So far, about 5,215 shares have been traded.

The Nifty50 index was down by 166.66 points, standing at 23178.1, while the BSE Sensex fell by 682.9 points to 76390.54 as we write this. In the Nifty group, 12 stocks went up, while 38 went down.

Key Company Earnings
For the quarter ending on December 31, 2024, Tata Elxsi reported total sales of Rs 979.02 crore, which is a decrease of 3.96% from the previous quarter’s sales of Rs 1019.39 crore and a 3.15% decline from the same time last year. The company reported a net profit of Rs 199.01 crore in the latest quarter.

Ownership Details
As of December 31, 2024, promoters held 43.91% of Tata Elxsi’s shares, while foreign institutional investors (FIIs) owned 13.27% and mutual funds (MFs) held 1.87%.

Technical Analysis
Looking at the technical charts, the 200-Day Moving Average (DMA) is at Rs 7159.49, and the 50-DMA is at Rs 6747.96. When a stock trades above both the 50-DMA and the 200-DMA, it usually suggests an upward trend. If it is far below both averages, it’s considered a downward trend. Trading between these averages indicates uncertain movement.

LTIMindtree Ltd. saw its shares go down by 0.08% to Rs 5833.00 at 10:43 AM (IST) on Tuesday. The stock opened the day lower. By then, around 2,589 shares had traded, making a total of Rs 1.51 crore exchanged.

Currently, the price-to-earnings (P/E) ratio is 37.77, and the price-to-book value is 7.30. The return on equity (ROE), which shows how much profit the company makes compared to its total investment, is 23.45%.

During the day, the stock reached a high of Rs 5879.00 and a low of Rs 5817.40. Over the past year, the highest price was Rs 6764.80, while the lowest was Rs 4518.35. The stock’s beta value is 0.5937, which means it is less volatile than the overall market.

Technical Insights
The 200-day moving average (200-DMA) is Rs 5622.83, and the 50-day moving average (50-DMA) is Rs 6052.31. When a stock is trading above both averages, it’s often seen as a good sign. If it’s below both, it can be a negative sign. Trading between the two suggests mixed signals.

The Relative Strength Index (RSI) is at 46.22. This index shows how a stock is performing; an RSI above 70 means the stock might be too expensive, and below 30 suggests it might be a good buy.

Ownership Details
As of December 31, 2024, company promoters own 68.57% of shares, while foreign investors hold 7.45% and domestic institutions own 14.82%.

NEW DELHI: On Tuesday, many stocks in Mumbai dropped by more than 5% as the BSE Sensex fell by 395.49 points, reaching 76,677.95. This decline was mainly due to heavy selling of popular blue-chip stocks. The biggest losers on the BSE were Purple Entertainment (down 12.85%), Dixon Tech (down 10.36%), Newgen Software (down 10.31%), Omni Axs Software (down 10.10%), and Virgo Global (down 9.66%).

In the Nifty index, 20 stocks rose while 30 stocks fell. The Nifty index was down by 83.5 points at 23,261.25. On the BSE, some stocks hit new low records, including LWS Knitwear, Galaxy Agrico, Alliance Int., Noida Toll Bridge Company, and Thinkink Picturez. Meanwhile, KRN Heat Exchanger, Amal Ltd, P G Foils, Gujarat Hotels, and Bodhtree Consult reached new high records.

The Indian rupee has not lost its value as quickly as some other countries’ currencies, and we have more money saved up in our foreign exchange reserves than we did back in 2013. This means that there is still some space for the rupee to drop in value a bit more.

Right now, the Reserve Bank of India’s (RBI) forex reserves adequacy ratio is at 236%. This is down from 266% in September 2024, when our reserves reached a record $705 billion. However, this 236% is still much better than the 176% we had during a tough time in 2013, according to a study by Nomura.

Nomura looked at four different ways to manage exchange rates, and India’s reserves are the highest among other emerging Asian countries (excluding Japan), which is a good sign!

Recently, a study from Bank of Baroda showed that global currencies have been under pressure since November 1, 2024, right before the US elections, until January 10, 2025. During this period, some currencies dropped in value—like the South African Rand by 7.6% and the Thai Baht by 2%. In comparison, the dollar rose by 5.1%, but the Indian rupee only dropped by 2.2%, which is not too bad.

However, if our forex reserve adequacy ratio goes below 180%, it could become a problem. Back in 2013, when we had to deal with a tough balance of payments situation, it hit a low of 176%, which led the RBI to take action to help the rupee by bringing in more external funds.

Nomura mentioned that if we get down to a forex reserve adequacy ratio of 176%, that would mean our reserves would drop to $407 billion, which is $138 billion less than what we have now. This situation would allow the Reserve Bank to sell dollars until reserves reach that $407 billion mark.

Economists believe that even if the rupee drops by 20-30 paise, it could still be okay. The financial situation in India has tightened a bit since September 2024, but it’s still stable compared to tougher times like during the 2008 financial crisis or the 2020 COVID-19 pandemic.