SUV Demand Drives Mahindra Up
Aaj Ka Bazaar
Wall Street indices closed higher following a 25 bps rate cut by the Federal Reserve, continuing the rally after Donald Trump’s presidential victory. A slight softening in the job market was noted while inflation continues to approach its 2% target set by the central bank. Asian indices mirrored gains across US stocks, bonds, and commodities, finishing on a positive note. However, Indian benchmark indices are anticipated to open on a subdued note, with the Gift Nifty trading slightly lower. In stock-specific news, HCL Tech secured a tech transformation contract with New Zealand's Tasman District Council. This initiative aims to improve digital experiences for council employees and residents by implementing Microsoft Dynamics 365, enabling a modernized digital system that will benefit interactions for the district’s 58,000 residents and staff.
Markets Around Us?
BSE Sensex - 79,611.90 (0.09%)
Nifty 50 - 24,207.70 (0.03%)
Bank Nifty - 51,869.15?(-0.09%)
Dow Jones - 43,754.37 (0.06%)
Nasdaq - 19,269.36 (1.51%)
FTSE - 8,140.74 (-0.32%)
Nikkei 225 - 39,501.39 (0.32%)
Hang Seng - 20,836.73 (-0.58%)
Sector: Speciality Reality
TRENT Q2FY25 Expansion drives strong growth
In Q2FY25, the company delivered strong results despite muted consumer sentiment and seasonality challenges, which impacted the retail sector. This performance was driven by successful expansion plans and a focus on offering fashionable products at affordable prices. Key milestones during the quarter included the launch of the first international Zudio store in the UAE and the introduction of Zudio Beauty in India, reflecting the company’s commitment to expanding its brand footprint and exploring new growth opportunities. The Star business, leveraging Trent's proven strategy, has seen strong customer traction, with the success of its own-branded products supporting growth. Management is confident that the Star business can continue to accelerate and deliver significant value to both customers and shareholders. ,
Why it Matters:
The company remains optimistic about the potential of its direct-to-consumer business, especially with its expanding store network. Key focus areas include demand trends across metros and Tier 2/3 towns, as well as the progress of store expansions, which are crucial for future growth.
NIFTY 50 GAINERS
INFY - 1823.70?(1.15%)
APOLLOHOSP - 7484.05?(0.80%)
TECHM - 1661.60?(0.64%)
NIFTY 50 LOSERS
BPCL - 310.20 (-1.52%)
TRENT - 6408.85 (-1.49%)
ICICIBANK - 1262?(-1.31%)
Sector: Automobiles
SUV demands boosts Mahindra's Q2FY25?
Mahindra & Mahindra Ltd registered solid financial performance during the quarter, maintaining a strong market presence across segments. The demand for UVs continues to remain strong, contributing to its healthy revenue growth, while margin expansion continues as a result of improved operational efficiency. The tractor segment also remains in favour of the company despite the rainfall effect during the quarter. Going forward, visible green shoots are expected in the farm industry, primarily fuelled by a healthy rainy season and expected rural development. We also expect healthy growth in the UV segment, as consumer preference remains biased. Additionally, with two new launches in the EV segment, the company is expected to capitalize on the growing market trends. Overall, with the expected bounce in the tractor segment in H2FY25 and its resilient market position despite the slowdown in the PV segment.?
Why it Matters:
The company is poised for solid growth going ahead. Commentary on its expected capex plans and how the company plans to position its two new launches in the market would be key factors to look after.
?
Around the World
Asian stocks rose on Friday, following gains in Wall Street after the U.S. Federal Reserve cut interest rates as expected. This move and signs of additional fiscal stimulus in China supported market sentiment. A record high in U.S. indexes like the S&P 500 and NASDAQ boosted confidence, especially with the Fed signaling possible future rate cuts to manage inflation. Positive sentiment was tempered slightly by concerns over Donald Trump’s re-election, as his protectionist trade policies could impact Asia. In China, the Shanghai Shenzhen CSI 300 and Shanghai Composite both saw gains, with Chinese stocks performing well this week. Investors focused on an expected fiscal stimulus announcement from China’s National People’s Congress, with analysts forecasting significant government spending to counter slower growth. China is also preparing for potential economic challenges if Trump’s planned 60% tariff on Chinese imports is implemented.
Option Traders Corner
Max Pain
Nifty 50 - 24,169
Bank Nifty - 51,936
Nifty 50 - 24,239 (Pivot)
Support - 24,084, 23,969, 23,760
Resistance - 24,408, 24,618, 24,377
Bank Nifty - 52,015 (Pivot)
Support - 51653, 51,390, 51,028
Resistance - 52,278, 52,640, 52,903
Have you checked our latest Brand Ad
Did you know?
FPIs on a selling spree
The net sales made by foreign portfolio investors in the Indian equity market in November so far stood at ?7,111 crore, on top of a net outflow of ?1.14 lakh crore in October.