Market Bizzz

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.

Bandhan Bank’s total deposits grew 20.1% YoY to Rs 140,999 crore, but saw a slight QoQ decline of 1.1%. CASA deposits rose 5.5% YoY to Rs 44,735 crore but fell 5.4% QoQ. The CASA ratio is now 31.7%, down from 36.1% a year ago.

We believe that if Nifty crosses the 24,000-24,050 range in the coming week, a potential rally could push it to levels of 24,200-24,250 as part of this pullback. At this point, we are maintaining our long position with a stop loss at 24,800, which is a key level to watch for Nifty, says Rajesh Palviya, Axis Securities.

Experts predict the primary market fundraising in 2025 could exceed Rs 2 lakh crore. Currently, 100 companies have filed draft offer letters with SEBI, with some already approved and others awaiting clearance. This signals a strong start for the year, indicating robust activity and investor interest in the upcoming IPOs.

Capital Infra Trust, sponsored by Gawar Construction Ltd, sets a price band of Rs 99-100 per unit for its Rs 1,578-crore IPO opening on January 7 and concluding on January 9. The funds raised will be used to repay/pre-pay loans, including unsecured loans from the sponsor.

Standard Glass Lining Technology on Friday said it has mobilised Rs 123 crore from anchor investors ahead of its initial public offer opening for public subscription on January 6.

Indian Metals & Ferro Alloys stock traded above its 50-day and 200-day SMAs of Rs 821 and Rs 729, respectively, but remained volatile with a 1-year beta of 1.5, as per Trendlyne data. It has a market capitalization of Rs 4,862.88 crore, reflecting its position in the market despite fluctuating trends.

India had a strong year for initial public offerings. Seven entrepreneurs became billionaires, especially in renewable energy. Companies like Premier Energies benefitted from government investments. Despite headwinds, 2025 could see more IPOs. Sectors expected to list include financial services, electronic manufacturers, and software companies. Domestic investors are confident and continue to drive the market.