Market Bizzz

Reliance Industries reported a strong Q4, with a net profit of ₹19,407 crore, driven by robust performance in Jio and Retail despite margin pressures in oil-to-chemicals. The company also announced a dividend and plans to raise ₹25,000 crore.

Tech Mahindra’s shares are in focus following strong Q4 results, with a 76% YoY surge in consolidated net profit to Rs 1,167 crore and a 4% rise in revenue to Rs 13,384 crore. The board recommended a final dividend of Rs 30 per share. Over the past year, the company’s shares have risen 22%, outperforming its sector by 18%.

Daljeet Kohli of Roha Asset Managers expresses surprise at the market’s sharp rebound following tariff war announcements. Kohli believes the market anticipates a rollback of tariffs and sees India as a potential beneficiary due to its inherent strengths. While acknowledging potential volatility, Kohli advises investors to remain calm and analyze individual company impacts rather than reacting to macro news.

The 200 DMA is used as a key indicator by traders for determining the overall trend in a particular stock.

Bajaj Housing Finance reported a robust 54% surge in net profit, reaching Rs 587 crore, fueled by strong business growth and healthy asset quality. The company’s net interest income climbed 31% to Rs 823 crore, with assets under management expanding 26% to Rs 1.15 lakh crore.

Bajaj Housing Finance is expected to announce strong Q4 results, with Kotak Equities projecting a 61% profit surge to ₹613 crore and a 34% NII increase to ₹844 crore. AUM growth is anticipated to be around 5.6% QoQ, while NIM is expected to remain stable. Ventura suggests a positive uptrend for Bajaj Housing stock, setting a target of ₹170.

Coal India and Damodar Valley Corporation (DVC) are partnering to establish a coal-based power plant in Jharkhand with an investment of ₹16,500 crore. The project involves adding two 800 MW units to DVC’s existing Chandrapura Thermal Power Station. This expansion will be a joint venture with equal equity stakes.