Market Bizzz

NMDC reports a 5.1% year-on-year increase in iron ore production for December 2024, reaching 4.71 million tonnes. However, sales declined by 6.7% year-on-year to 3.91 million tonnes. The company posted an 18.1% increase in net profit for Q2 FY25, with revenue up 22.5%. NMDC shares have declined 6% in the past 12 months.

Market volatility is expected in Q1 2025 due to Trump assuming office, soft earnings, and an upcoming Budget. Improvement in earnings in Q4 and Q1 2025 could bring some respite. The power sector is set to perform well by 2025, and BFSI sector could also see positive growth. Auto ancillaries might perform better than OEMs.

Institutional investors, including CRAFT Emerging Market Fund PCC – Citadel Capital Fund, CRAFT Emerging Market Fund PCC – Elite Capital Fund, Multitude Growth Funds Limited, Nexpact Limited, and Eminence Global Fund, are likely to participate in the deal.

Anshul Saigal, founder of Saigal Capital, advises investing in quality companies at fair prices and holding onto them for a longer period to reduce risk. By recognizing market cycles and focusing on long-term investments, investors can find opportunities even in challenging times. Saigal also highlights promising sectors, such as banking and green energy, for potential future gains.

A lot of investors have already tweaked their portfolio amid signals that the government’s capex spend is picking up and that the Q3 earnings season will surprise on the upside. How cautious are you as we step into 2025?

Before diversifying into US markets, Indian investors should consider currency exchange rates, as fluctuations can affect returns. It’s also important to evaluate market conditions, economic growth outlook, and the regulatory environment.

Indian market is likely to consolidate on Monday with a mixed opening influenced by global cues. Nifty closed positively on Friday and is expected to trade within a broader range of 23,300 to 24,300 zones. Key support is seen at 23,650 to 23,500 levels.

Seshaasai Technologies, a technology-driven solutions provider, has filed its DRHP for an IPO. The issue comprises a fresh issue of up to Rs 600 crore and an OFS. The company will utilize the proceeds for capex, debt repayment, and general corporate purposes.

Reliance Industries, owned by Mukesh Ambani, has acquired Karkinos Healthcare for Rs 375 crore to expand its health services portfolio. Karkinos focuses on technology-driven solutions for early cancer detection, partnering with hospitals, and setting up a multispecialty cancer hospital in Imphal. Prominent past investors include Tata Sons and Mayo Clinic.

Vodafone Group has cleared dues amounting to Rs 11,650 crore by repaying debt raised against shares of Vodafone Idea. The pledge on shares was released by HSBC Corporate Trustee Company. Vodafone Group holds a 22.56 percent stake, while Aditya Birla Group and the government hold 14.76 percent and 23.15 percent respectively.