Market Bizzz

Around a third of NSE 500 stocks are trading at valuations below their pre-Covid levels, based on PE and P/B ratios. Significant blue-chip companies such as HDFC Bank, Bharti Airtel, and Maruti Suzuki are 10-60% cheaper, indicating potential value buys despite recent market corrections.

Share Market Holiday today on Maha Shivratri 2025: Stock exchanges BSE and NSE will be closed on Mahashivaratri, marking the first trading holiday of the year. The commodity exchange MCX will remain closed only for the morning session. As Indian markets experience a downturn, volatility is expected with the expiry of February’s derivative contracts.

The stocks of a major e-commerce firm sharply fell by 10%, the largest decline since October 2022. This came after Trump directed restrictions on Chinese investments in the US. This has caused Chinese stocks trading in the US to drop, unlike those in Hong Kong and mainland China, affecting the year’s Chinese tech stock rally.

These stocks’ 50-day SMA crossed below their 200-day SMAs on February 24.

Quick commerce continues to gain traction in India’s urban centers, while traditional big-box retail remains strong in smaller towns. Fund manager Milind Karmarkar suggests a balanced investment approach, seeing potential growth and challenges for both segments over the next five years.

Sushant Bhansali, CEO of Ambit Asset Management, sees short-term value in largecap stocks and financials, but advises focusing on companies with visible earnings. He highlights long-term potential in pharmaceuticals, IT, FMCG, and financials, despite market challenges. Bhansali suggests being selective, especially in cyclical sectors like metals, and emphasizes patience and strategic weight adjustments in portfolios.

Swiggy plans to invest up to Rs 1,000 crore in its subsidiary, Scootsy Logistics, through a rights issue to enhance supply chain and distribution services. The funds will support working capital and expansion efforts. Swiggy’s shares have seen a significant decline in recent months.

RailTel Corporation of India will be in focus after securing a Rs 288 crore contract to install Kavach technology at 71 stations, improving safety and efficiency. The company’s recent successes include orders from Bharat Coking Coal Ltd and the Gujarat government. Despite a recent decline, the stock has gained significantly over the last two years.

Warren Buffett highlighted Berkshire Hathaway’s achievements over the past year and six decades, praising successor Greg Abel’s readiness to seize investment opportunities. With $334.201 billion in cash, Berkshire expanded by acquiring the rest of a utility business and the Pilot truck stop chain.