Market Bizzz

Pashupati Advani of Global Foray anticipates positive surprises in companies with lower tariffs and those leveraging arbitrage opportunities. He discusses the implications of tariff uncertainty on equity markets and the economic outlook for the US. Advani also highlights the challenges in the EV market and suggests food distribution stocks like Godrej Consumer could perform well in the future.

Maruti Suzuki will implement a price hike of up to Rs 62,000 across various models starting April 8, 2025, due to rising input costs and operational expenses. Despite efforts to minimize impact on customers, increased costs are partially passed on. Current market performance shows an 11% decline over six months but a 41% rise over two years.

Tata Motors shares: For FY2024-25, Tata Motors reported a 4% decline in total sales, reaching 9,12,155 units, down from 9,49,015 units in FY24. Passenger vehicle sales decreased by 3%, totaling 5,56,263 units compared to 5,73,495 units in FY24, while commercial vehicle sales fell 5%, with 3,76,903 units sold, down from 3,95,845 units in FY24.

L&T Technology Services has secured a €50 million deal with a European automotive OEM to set up a new development centre focused on software-defined vehicles and advanced driver-assistance systems. This follows a recent $80 million deal with a US company.

Sandip Sabharwal highlights that auto sales numbers from companies like Eicher Motors, TVS, and Ashok Leyland are surpassing analyst expectations, and are not significantly impacted by tariff concerns. He also discusses prospects for large banks and real estate, expressing an unfavorable view towards Vodafone Idea and IT stocks due to profitability and economic concerns.

On Monday, gold and silver ended on a mixed note in both domestic and international markets. The June futures contract for gold closed at Rs 90,717 per 10 grams, marking a gain of 1.15%.

ICICI Securities maintains a buy call on City Union Bank with a target price of Rs 200. Currently trading at Rs 157.4, the bank reported a quarterly income of Rs 1707.12 crore and a net profit of Rs 286.00 crore. Key risk includes slower-than-expected growth. Analysts expect no major impact on the gold loan business.

Indian benchmark indices opened lower on Tuesday, weighed down by banking and IT stocks. Hindustan Aeronautics Ltd shares rallied 7.5% after signing a Rs 62,700-crore contract with the Ministry of Defence. HBL Engineering shares also rose 9.2% after securing contracts from Central Railway.

As gold prices hit record highs due to central banks and ETFs buying at unparalleled levels, the yellow metal has doubled in value over the last 30 months. Amidst global trade disruptions and economic uncertainties, gold continues to be perceived as the safest asset, with heavy institutional demand expected to persist throughout 2025.

Brokers want the capital markets regulator to reconsider proposed limits on futures and options positions. They warn these limits could reduce trading volumes and liquidity. Brokers suggest combining proposed limits into a single cap and raising it. They also seek fair position limits for proprietary traders and urge reconsideration of how open interest is calculated.