Market Bizzz

Adani Total Gas is set to experience a 20% increase in its APM gas allocation from January 2025, which will stabilize retail prices. This change follows previous reductions in allocation and government measures to balance low-priced natural gas distribution to city gas retailers.

Oil prices are rising due to increased fuel demand from icy conditions in the U.S. and Europe. Brent crude futures reached $77.16, while West Texas Intermediate hit $74.18. Analysts cite supply disruptions, low stockpiles, and improving Chinese sentiment as causes. U.S. and European cold spells are boosting heating oil demand, with supply tightness expected to continue.

TCS share price: Revenue for Q3FY25 increased by 5.6% year-on-year, driven by strong TCV performance, effective execution, and cost management. The topline reached Rs 63,973 crore, up from Rs 60,583 crore in the same quarter last year, although it missed the expected Rs 64,750 crore.

TCS fell short of market expectations for the July-September quarter, with net profit declining by 1% quarter-on-quarter to Rs 11,909 crore. The decline was primarily attributed to margin-dilutive projects in regions outside of America. Revenues for the same period also grew at a slower pace, increasing by 2.6% to Rs 64,259 crore.

Naveen Kulkarni from Axis Securities anticipates market consolidation with gradual growth leading up to 2025. He expects earnings to improve, projecting returns of 10-12%. The IT sector is expected to perform in line with the market. Shriram Finance is forecasted to see growth owing to reasonable valuations and good return ratios.

Mid-tier engineering R&D firms are expected to benefit from the shift from coding to computing. Deven Choksey believes growth is anticipated in Kotak Mahindra, ICICI Bank, and Bajaj Finance. Within capital markets, BSE looks promising while PSUs may consolidate post-budget. Quick commerce platforms like Zomato face profitability challenges in the near term.

Capital Infra Trust InvIT’s IPO opens today, targeting Rs 1,578 crore. Priced between Rs 99-100 per unit, 75% is for institutional investors and 25% for non-institutional investors. Proceeds will repay loans. Sponsored by Gawar Construction, the trust focuses on road and highway projects. SBI Capital Markets and HDFC Bank are lead managers.

Recent declines in the stock market present a buying opportunity, as fundamentals have not changed. Investors should have their purchasing lists ready. Earnings may moderate, and valuations might need adjustment. Expect some global uncertainties and impact on currency. Wait to invest in PSU banks, instead opt for niche sectors like housing finance NBFCs and power finance companies.

In the October-December quarter alone, AUM grew by ₹24,100 crore, indicating strong demand across various lending segments. The company also highlighted that the number of new loans booked during Q3 FY25 hit a record high of 12.06 million, marking a 22% YoY increase from 9.86 million in the same period of the previous fiscal year.