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Financial & Market Morning Update-13 Feb 25
New Income Tax Bill will be placed today in Parliament by FM. Once tabled in Parliament, it may be sent to SCF(Standing Committee of Finance) for review and post same parliament will pass, "NEW INCOME TAX ACT, 2025 and same may come into force wef 01 Apr 2026.India has become second largest smartphone manufacturers in the world. China is still no 1.
India is now worlds largest vaccine maker. Govt is pushing this sector and plan to make 300 billion dollar industry by 2030 . Keep an eye on relevant market stocks.
India’s Retail inflation has eased to it’s five month low figure of 4.31 in Jan compared to 6.2% in Oct and that was one of reason of start of Equity Market slump. So let’s see what this low inflation brings to market ahead??
India’s Industrial production growth slowed to 3.2% yoy in Q3 2024.This is because of slowdown in manufacturing sector.
Indian PM is in US today meeting US President Trump. The impact is likely today as Tariff discussion, defense cooperation etc.. will be discussed…Keep an eye on same today. !!
Trump- Modi… Will also look for H1B visa, Tesla car, space X launch etc discussions…. Markets are waiting for this meeting and it’s outcome.
Do keep eye on ur existing MF holdings.. Nearly 70+ Mutual have increased their Expense ratio by 0.02% to 0.1%.
Steel Minister has given hint wrt imposition of temporary tax of 15-20% on steel from China 🇨🇳 in coming days. Some stocks which will be impacted if this comes on paper are JSW steel, Jindal sttel, Tata Steel
Gold ETF saw highest monthly net inflow ever in January with these funds getting over Rs 3700 cr which was 640 cr higher than Dec inflow, which indicates the investors mindset in view of current volatility in market and rising gold prices giving best ever returns in recent time.
460 companies are lined up for their Q3 results today incl Hindalco, SJVN etc.
Stock News
A Big Day was there yesterday as record 501 companies declared their Q3 results.
Tata power signed an MOU with ONGC to explore opportunity in Battery Energy Storage system.
Bharat Forge signed an MOU with VEDA Aeronautics to develop Unmanned Aerial vehicles for battlefield.
Big Boy HAL declared their Q3 results with 14% jump in profits and dividend of Rs 25 with record date as 18 Feb. But with IAF chief yesterday’s comment on non delivery of Tejas By HAL on time, as they have missed their Feb target, will have some impact on HAL.
RBI has lifted restrictions imposed on Kotak Bank regarding on boarding of new customers. Some momentum is expected today in this stock.
Vodadone Q3 net loss reduced from 7176 cr to 6609 cr. They also announced 5G rollout on Mumbai , delhi, bengaluru, chandigarh ans Patna this year
Bharat Forge profit falls 16% in Q3 results
SAIL Q3 profit slumps 62%
Jefferies has given BUY rating for ITC hotels for new tgt of 240 from its CMP of 174. Investors can explore this stock for good opportunity
ONGC & NTPC Green JV to acquire Ayana Renewable Power for a huge value of Rs 20000 cr.
Indian Banks 1000 cr Tier 2 Bonds earn AAA Ratings from CRISIL
PTC India Net profit rises by 58% in Q3.
RIL was trading at 14 month low as FII carried out huge selling in last 2 days.
Some stocks which has declared dividend and today is last day to buy same
BEML- Rs 5
BDL- Rs 4
Engineers India- Rs 2
MOIL- Rs 4.02
NALCO- Rs 4
REC- Rs 4
Markets Today
Yesterday’s Indian market rebounce of over 250 points was display of resilience and hope for Indian markets.
US markets were down today, with NASDAQ only staying positive, rest DOW and S&P 500 were in red. And the reason for fall was high inflation figures released today.
Asian markets were marginally up.
Indian markets are set to open flat, a muted start expected.
ET has reported that sustainable move above 23150-23200 levels could open up more upside for short term. However market strong support is placed at 22800 levels.
All eyes although will be on PM’s visit to US today. And looks like a positive end to day should happen.
Nifty Levels to keep eye on
Bullish above 23150
Bearish below 22950
BUY RECOMMENDATIONS
Post the on going season of Q3 results, here are few recommendations released by Fund/Brokerage houses.
Recommendations by IDBI Capital
Ashoka Buildcon- BUY
CMP- 232
Tgt 264
Birla soft- BUY
CMP- 502
Tgt- 585
IRCTC- BUY
CMP- 759
Tgt- 870
Recommendations by Axis Direct
Sansera Engg- BUY
CMP- 1209
Tgt- 1420
Varun Beverage- BUY
CMP- 534
Tgt 710
NALCO- BUY
CMP- 189
Tgt- 220
VA-TECH WABAG- BUY
CMP- 1500
Tgt- 1970
Bharti Airtel- BUY
CMP- 1711
Tgt- 1900
Recommendations by
Prabhudas Lilladhar
NMDC- BUY
CMP- 62
Tgt- 70
Bharti Airtel- BUY
CMP- 1711
Tgt- 1827
Oil India-BUY
CMP- 417
Tgt- 711
Recommendations by KR Choksey
Varun Beverage- BUY
CMP- 534
Tgt 657
Recommendations by BOB Capital
Birla soft- SELL
CMP- 502
Tgt- down to 466
Gold/Silver
After minor correction yesterday, Gold has rebounded to record high of 88410.
Silver is also very quickly heading towards 1 lakh target.
Happy Investing
Note: All investments are subject to market risks. Please check the fundamentals and other stock market parameters carefully in detail before investing. Also, it is always good to consult a qualified financial advisor for stock market investments. Opinions and Recommendations above are Authors’ personal, you are should carry out your own checks & balances and due diligence before investment.
