UltraTech witness strong growth
Aaj Ka Bazaar
The US market eked out modest gains overnight to extend last week's gains as the Fed meeting loomed and Tesla said it had cleared its path to roll out self-driving software in China. The Asian market mainly traded higher this morning, while the Japanese market led in regional gains. Indian market looks set to open higher on Tuesday, though overall gains may remain capped ahead of a holiday for markets on Wednesday for Maharashtra Day. Investors await cuts from the Fed policy meeting and the latest US jobs report released this week for additional cues on the Fed's rate trajectory.
Check out how awesome we did yesterday.
1) RAPID MOVERS ? TATA POWER Buy @394, Sell @451;
Returns 14% in 1 day. ?
2) ?INTRADAY OPTIONS? NIFTY 2 MAY 22500 CE Buy @150, Sell @215;
Returns 43% in 1 day .
What are you waiting for?
Markets Around Us?
BSE Sensex - 74,893.55 (0.30%)
Nifty 50 - 22,720.55 (0.34%)
Bank Nifty - 49,463.75 (0.08%)
Dow Jones - 38,359.05 (-0.07%)
Nasdaq - 15,893.08 (0.35%)
FTSE - 8,147.03 (0.09%)
Nikkei 225 - 38,336.71 (1.06%)
Hang Seng - 17,782.30 (0.20%)
Sector: Cement
UltraTech posts robust Q4 numbers
UltraTech Cement showed robust profit growth owing to operating efficiency kicking in and lower energy costs, despite pricing pressure in the industry. Grey cement and white cement volumes recorded double digit growth amid robust demand environment. Lower power and fuel cost due to lower pet coke and coal prices offset the declining realisations. The quarter did not see sustained prices hikes which lead to pricing pressure and lower realisations. Going forward, the blackout out period due to election is expected to result in further price wars as companies try to sell-off inventory. During the quarter, strong growth was seen in north and central regions owing to growth in rural housing and ongoing government infrastructure. The company has planned for Rs. 9,500 crores capex for the next financial year, inline with its goal reaching 183.5 MTPA capacity by FY27.?
Why it Matters:
With market leadership and pan-India presence, we believe that the company is better placed than its peers to withstand the current headwinds and should be the first to recover once the tide turns, especially post-monsoon.
NIFTY 50 GAINERS
M&M - 2,147.00?(4.12%)
MARUTI - 12,982.80?(2.31%)
领英推荐
BAJAJ-AUTO - 8,944.50?(2.10%)
NIFTY 50 LOSERS
BHARTIARTL - 1,323.15?(-0.70%)
TITAN - 3,585.25?(-0.54%)
APOLLOHOSP - 5,940.90?(-0.46%)
Sector: Automobiles
M&M aims to reach top 2 in compact SUV segment
Mahindra & Mahindra Ltd. aims to become one of the top two leaders in the compact SUV market within the next three years. During the launch of their new compact SUV, the XUV 3XO, priced starting at Rs 7.49 lakh, the company expressed plans to significantly boost their SUV sales. Currently ranked fifth in the sub-four-metre compact SUV category, they aspire to either first or second place, expecting the SUV market itself to expand rapidly. They anticipate their SUV sales to grow by mid-to-high teens percentage-wise by the fiscal year 2025. The XUV 3XO, designed in Mumbai and developed near Chennai, is manufactured in Nashik, Maharashtra, with a production capacity of 9,000 units per month, potentially increasing to 10,500 with minimal additional investment. Bookings for the XUV 3XO will start on May 15, with deliveries beginning May 26.
Why it Matters:
By aiming to climb from fifth to one of the top two positions in this competitive segment, Mahindra is positioning itself to capture a larger slice of the market. This could translate into significant revenue growth, especially given the popularity of SUVs in India.
Around the World
Asian stock markets showed mixed results on Tuesday. Investors were cautious as they reviewed mixed business activity reports from China and anticipated a key meeting by the U.S. Federal Reserve. Chinese stock indexes, like Shanghai's, showed slight gains after reports indicated a slight slowdown in manufacturing but a significant drop in services activity. Meanwhile, Hong Kong’s market performed well in April, climbing about 7.6%, buoyed by hopes of more government economic support. In contrast, other Asian markets like Japan's Nikkei and South Korea's KOSPI struggled with losses in technology stocks and concerns over future economic policies. Japan's stocks rose on Tuesday, catching up after a holiday. Australia’s market also rose slightly, despite disappointing retail sales data hinting at potential easing inflation pressures. As April ends, most Asian markets outside of China and Hong Kong are likely to report overall losses for the month.
Option Traders Corner
Max Pain
Nifty 50 - 22,800
Bank Nifty - 49,500
Nifty 50 - 22,580 (Pivot)
Support - 22,504, 22,366, 22,291
Resistance - 22,718, 22,794, 22,932
Bank Nifty - 49,080 (Pivot)
Support - 48,686, 47,949, 47,555
Resistance - 49,817, 50,211, 50,948
Did you know?
Gems & Jewellery exports goes down
India's gems and jewellery exports in FY24 stood at US$ 32.71 billion, down 13.83% from US% 37.96 billion in FY23, and the lowest in three years due to a drop in global demand