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analysts optimistic on consumer durables after budget 2025 announcement

Analysts from CLSA and UBS are optimistic about the consumer durables sector following Budget 2025, which is expected to increase disposable income for mid-income households. Key beneficiaries include Havells, Voltas, Crompton, and TTK, with significant stock rallies observed post-announcement. The budget's increase in the income tax exemption limit to Rs 12 lakh is anticipated to further boost urban demand in discretionary categories.

bnpparibas sets target prices for major companies amid market challenges

Analysts at BNP Paribas have set target prices for several major companies, with Reliance Industries at Rs 1,650 and Tata Consultancy Services at Rs 4,750. They project a Nifty target of 25,500 for CY25, citing challenges like food inflation and rising US bond yields, while favoring large-cap stocks and banks due to strong earnings growth prospects. Other notable targets include HDFC Bank at Rs 2,550 and Bajaj Finance at Rs 10,000, amidst a mixed earnings outlook and a potential slowdown in Indian equities.

bnpparibas predicts market recovery with strong upside in select stocks

The BSE Sensex has dropped over 10,000 points, or nearly 12%, from its all-time high, reflecting challenging global and local market conditions. BNP Paribas Securities forecasts a potential 10% upside for the NSE Nifty 50 index by 2025, favoring sectors like private banks, IT, and telecoms, while expressing caution towards pharma and metals. Among its top stock picks, SBI Life Insurance stands out with a projected upside of over 70%.

Havells and Crompton poised for growth as FMEGs outperform white goods

Havells and Crompton are highlighted as top picks by BNP Paribas, which sees a more favorable risk-reward balance for Fast-Moving Electrical Goods (FMEGs) compared to white goods. Despite a resurgence in white goods driven by strong summer demand, challenges have been priced in, limiting further re-rating potential. Innovations and energy-efficient products in FMEGs are expected to drive future growth.

Nifty rebounds with key stock picks amid market sentiment revival

Jigar Patel anticipates Nifty's rise towards 24,500, highlighting Bajaj Finance, Reliance, and Havells India as key stock picks amid a market recovery. The Nifty index rebounded to 23,900, supported by technical indicators, while the Nifty Bank index showed resilience, suggesting potential further gains. Traders are advised to buy Nifty Futures between 23,800-23,750 and Bank Nifty between 51,000-50,900, with specific stop-loss and target levels.

Havells India receives buy rating with target price of Rs 1865

Geojit Financial Services has upgraded its rating on Havells India to BUY with a target price of Rs 1,865, citing a 22% moderation in valuation. Despite a 16.5% YoY revenue growth, net profit increased by only 10%, with margins declining due to input volatility and higher costs. The company is expected to benefit from post-monsoon recovery in real estate and improved consumer sentiment in H2FY25, projecting a 21% CAGR in earnings over FY25-FY27E.

Havells India shares rise as company announces new refrigerator manufacturing facility

Havells India shares surged nearly 3% following the announcement of a new refrigerator manufacturing facility in Ghiloth, Rajasthan. This strategic move marks a shift from outsourcing to in-house production, with plans for a capacity addition of 14 lakh units by Q2FY27, backed by an investment of around Rs 480 crore. The stock reached an intraday high of Rs 1,663.95 on the NSE, reflecting strong market confidence.

market faces pressure as key support levels are tested and outlook remains uncertain

The domestic markets faced pressure for the seventh consecutive week, with the Nifty index closing at 23,500 after a 2.55% decline. Continued selling by foreign institutional investors and a strong dollar have contributed to this downtrend, raising concerns about market stability. Key support levels are being tested, and failure to hold above 23,500 could lead to further declines, while a move above 23,700 may trigger a relief rally.

decline in electronic imports marks shift towards local production in india

In FY24, major electronic firms in India, including Samsung and Apple, experienced a more than 7% year-on-year decline in imports, attributed to the 'Make in India' initiative and increased localization efforts. The combined import value of eight electronics companies fell to Rs 95,143 crore, marking the first decline in at least six years. This shift indicates a significant move away from the industry's traditional reliance on imports.

quarterly earnings reports reveal mixed results across various sectors

The Q2 earnings season for FY25 is underway, with major companies like Apollo Hospitals, Kansai Nerolac Paints, and Trident set to release their results. While many firms have reported, the overall corporate earnings scorecard has been weak, with only 62% meeting or exceeding profit expectations, particularly in the consumption sector. Notably, GAIL's earnings missed expectations due to lower gas trading margins, while Power Grid's profit remained flat year-on-year.
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