Market Bizzz

Shares of Senco Gold will trade ex-bonus from Friday due to a 1:2 stock split, with January 31 set as the record date to determine shareholder eligibility. Each Rs 10 equity share will be divided into two Rs 5 shares, doubling the share count but keeping the investment value unchanged.

JBM Auto shares are trading on an ex-split basis after a 1:2 stock split, effective from January 31, 2025. This move subdivides each share of face value Rs 2 into two shares of Re 1 each. This is the company’s third stock split, following previous splits in October 2014 and February 2022.

Sandip Sabharwal highlights that for foreign investor flows to return to Indian equities, the US dollar rally must stop and Indian economic growth must revive. He suggests the Budget could include measures like tax cuts and increased capital expenditure. He also notes mixed earnings reports and the potential challenges real estate and consumer durable sectors may face.

Siddhartha Khemka from MOFSL anticipates cement demand recovery due to good monsoon and Budget expectations, advocating for investments in UltraTech and JK Cement. He highlights market volatility amidst upcoming events. Positive outlook for pharma, IT, and life insurance sectors tied to tax reforms. Coromandel International favored in the fertilizers sector benefiting from potential subsidy and rural allocation increases.

Kenneth Andrade highlights pharmaceuticals, aviation, and IT services as promising sectors. He advises staying patient, building a long-term portfolio, and reinvesting in existing stocks. Andrade emphasizes the need for corporate investment and cautious valuation in small and midcap stocks. He believes in identifying good companies and exploiting market volatility for future gains.

I would not look at too much into one quarter here and there, but the expansion of the market, irrespective of what is happening to mid or smallcap, of course, if they are frothy they are correcting.

On Tuesday, gold and silver ended on a positive note in both domestic and international markets. The gold April futures contract finished at Rs 80,899 per 10 grams, up by 0.92%, while the silver March futures contract closed at Rs 91,051 per kilogram, gaining 0.91%.

The Nifty Pharma index was trading 1.0 per cent up at 21004.5.

Tata Steel’s December quarter net profit fell 36% year-on-year to Rs 327 crore, with revenue down 3% to Rs 53,648 crore. The decline was driven by a 5.5% revenue drop in its Indian operations. Analysts from JP Morgan and Morgan Stanley maintained positive outlooks, highlighting strong domestic performance and lower costs in various segments.