Eagle Eye Network
Eagle Eye Network
February 4, 2025 at 02:02 PM
*The Market Outlook:* Dr. Agarwal's Health Care’s shares make a flat debut on the bourses at Rs 402. The Rs 3,027.3 crore IPO received bids for 1.6 times the total shares on offer. Gateway Distriparks rises sharply as its Q3FY25 net profit surges 7.2x YoY to Rs 455.4 crore, owing to lower finance costs and a fair value gain of Rs 390.8 crore from the acquisition of Snowman Logistics. Revenue grows 3.1% YoY to Rs 407 crore, led by an improvement in the cold-chain logistics and distribution segment. It appears in a screener of newly affordable stocks with good financials and durability. Larsen & Toubro is rising as its Minerals & Metals (M&M) business secures an order worth Rs 5,000-10,000 crore from a steel producer in the Middle East & North Africa (MENA) region. The order involves designing, supplying, and constructing a pellet plant and a direct reduction of iron (DRI) plant. Morgan Stanley maintains an 'Overweight' rating on Maruti Suzuki India with a target price of Rs 14,942. The brokerage notes the company’s new 'Jimny' model bookings exceeded 50,000 within four days of its launch on January 30. Maruti's export volumes constitute 15% of total sales, compared to 18% in Q3FY25. It expects the 8th Pay Commission salary hike to boost first-time buyers in FY27. Castrol India rises sharply as its Q3FY25 net profit grows 12.2% YoY to Rs 271.4 crore. Revenue increases 7.1% YoY to Rs 1,377.1 crore during the quarter. It features in a screener of stocks with dividend yields greater than their sector dividend yield. Premier Energies rises sharply as its net profit surges 5.9x YoY to Rs 255.2 crore in Q3FY25. Revenue grows 2.5x YoY to Rs 1,749.4 crore, helped by new order bookings worth Rs 224 crore during the quarter. It features in a screener of stocks where FIIs have increased shareholding. KEC International is falling as its net profit misses Forecaster estimates by 19.3% despite growing 33.8% YoY to Rs 129.6 crore in Q3FY25 due to lower finance costs and sub-contracting expenses. Revenue increases 6.8% YoY to Rs 5,349.4 crore during the quarter. The company appears in a screener of stocks outperforming their industry price change in the quarter. Power Grid Corp of India is falling as its Q3FY25 net profit declines 4.1% YoY to Rs 3,861.6 crore due to higher tax expenses. Revenue decreases marginally by 0.6% YoY to Rs 11,743.1 crore, caused by a reduction in the transmission segment. It shows up in a screener of stocks with declining net cash flow. The market opened on an upbeat note. Nifty 50 was trading at 23,502.70 (141.7, 0.6%), BSE Sensex was trading at 77,678.56 (491.8, 0.6%) while the broader Nifty 500 was trading at 21,587.25 (184.7, 0.9%). Market breadth is highly positive. Of the 1,929 stocks traded today, 1,592 were on the uptrend, and 297 went down.

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