Market Bizzz

On Tuesday, shares of Vishal Mega Mart closed 0.1% higher at Rs 107.6 on the BSE. The stock has gained 2% so far in 2025 and remains up 3% over the past one month. Its current market capitalisation stands at Rs 49,468 crore.

​The portfolio allocation has moved towards more of domestic consumption including banks. Banks are beneficiary of domestic economy doing well. So, banks is also one of them. We are also positive on pharma, not necessarily generic US exporter but more towards crams and domestic pharma, so that is a pocket we are very positive upon.

IDFC First Bank’s MD & CEO, V Vaidyanathan, anticipates improved performance in FY26, driven by peaking microfinance provisions and reduced operating expenses. The bank expects a gradual ROA improvement, particularly in Q3 and Q4, with PAT increasing as the microfinance challenges subside. Strong CASA, deposit, and loan growth, excluding microfinance, further support this positive outlook.

Kenrik Industries is set to launch its IPO on April 29, aiming to raise Rs 8.75 crore through a fresh equity sale to support working capital and growth plans. The company, specializing in traditional Indian jewellery, reported revenue of Rs 70.97 crore in FY24. The IPO offers shares at Rs 25 each, with reservations for retail and other investors.

After a strong rally, markets moved into consolidation last week, with the Nifty closing modestly higher while volatility surged. Key support zones around 23,900–24,050 will be crucial as external risks, including lowered IMF forecasts and geopolitical tensions, loom. Sector rotation continues, with PSU Banks and Commodities leading, while the IT and Auto sectors remain weak.

After a prolonged selling phase, Foreign Institutional Investors (FIIs) have turned net buyers, purchasing ₹32,466 crore in Indian equities over the past eight sessions. This shift is attributed to a softer US dollar, easing trade tensions, and improved investor sentiment.

IDFC First Bank reported a 58% YoY drop in Q4 net profit to Rs 304 crore, impacted by a decline in its microfinance loan portfolio. Despite this, Net Interest Income rose by 9.8% to Rs 4,907 crore. The bank saw strong growth in customer deposits, increasing 25.2% YoY, with retail deposits up 26.4%.

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.