-#Nifty, #Sensex pare gains as #Infosys, #TCS weigh.
-#CumminsIndia net profit rises marginally to Rs 144.57 crore in Q4.
Get all your stock-related queries answered by our technical and fundamental guests with Alex Mathew and Smriti Chaudhary on Ask Profit. #ndtvprofitlive
-#CumminsIndia net profit rises marginally to Rs 144.57 crore in Q4.
Get all your stock-related queries answered by our technical and fundamental guests with Alex Mathew and Smriti Chaudhary on Ask Profit. #ndtvprofitlive
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TVTranscript
00:00 [MUSIC PLAYING]
00:03 Hello and welcome.
00:25 You're tuned into "Ask Prophet" on NDTV Prophet.
00:27 I'm Smriti Chaudhary.
00:28 And with me is Alex Matthew.
00:30 And for the next 30 minutes, we'll
00:31 take all your stock-related queries.
00:33 So write to us on any of our social media channels
00:35 or on the WhatsApp number that's flashing on your screen.
00:38 Write to us on any of the YouTube live chat--
00:41 on the YouTube live chat as well,
00:42 and we'll take your questions from there.
00:44 But before we do that, let's take a quick check
00:47 off the markets.
00:48 You have the Nifty 50 that's off the low point of the day,
00:51 trading just above 22,500 levels.
00:55 And you look at the broader markets as well--
01:00 broader markets in the red.
01:01 So benchmarks outperforming the broader markets today.
01:04 Nifty mid-cap down about 2/10 of a percent, small-cap index--
01:08 pretty much flattish, but with a negative bias.
01:11 Let's look at some of the contributors of the Nifty 50
01:13 and see what's pulling the index higher.
01:15 You have the likes of L&T, Mahindra & Mahindra,
01:17 and ITC that are contributing to about--
01:21 it's only about 30 points higher right now.
01:23 And out of that, L&T is contributing half of that.
01:27 On the other end, you have Bhartiya, Kotak, Mahindra, SPI,
01:30 TCS all dragging in trade.
01:32 Let's look at the sectors as well
01:35 and see what's the picture there.
01:37 You have the Nifty Media and Nifty Health Care Index
01:39 that's down over a percent in trade.
01:41 There's Nifty Pharma also down about a percent in trade.
01:44 However, Realty doing well up over 1.5%.
01:48 Nifty Consumer Durables up about 8/10 of a percent as well.
01:52 Bit of a 50-50 picture in terms of sectors.
01:57 Let's look at the sound of stocks that are moving as well.
02:01 You have something like a BKG Foods that's
02:05 moving again today very positively,
02:07 if we can pull that up.
02:08 Yes, up about 8% in trade.
02:11 This is post the result and posted--
02:14 it's been a while since it posted those good numbers,
02:18 but still on an uptrend.
02:21 You have Praj Industries also moving
02:24 after the fourth quarter results up over 6.5%,
02:27 decent set of numbers.
02:28 While revenue fell on a quarter-on-quarter basis,
02:31 there was expansion in the margins,
02:32 and the profit also rose.
02:35 On the other hand, you have Wellspun
02:37 that's down on the back of weak numbers.
02:40 Then let's look at some--
02:42 OK, let's come back, come to the focus for today,
02:45 which is Cummins India.
02:47 And to talk about those numbers, now
02:50 the numbers came a day before, but we
02:53 have brokerages that have come out with their notes.
02:57 While the numbers looked weak, brokerages
02:59 continue to remain positive.
03:00 And to talk about that, I'm joined by my colleague,
03:04 Puneet.
03:04 Puneet, take it away.
03:06 Thanks for that.
03:07 So one of the key things was the exports, which are down by 18%
03:11 for the full fiscal year and 25% for the quarter 4.
03:15 But apart from that, the management
03:16 has said that they've been able to recoup some of the growth
03:19 because of the strong domestic demand, upwards of roughly 25%
03:23 for this particular quarter.
03:25 Brokerages have also maintained a positive view,
03:27 with Citi having a buy call with a target price of roughly
03:30 4,384 rupees per share.
03:32 This is a 22% upside from the current levels.
03:36 And they have said that this has been raised from roughly 3,500
03:40 rupees, which the brokerage had previously.
03:42 Now, one of the key things that they have said,
03:44 the domestic demand as well as margin expansion for the company
03:47 has been the key positives.
03:49 While they have said that data centers, which
03:51 is an up and coming segment, which
03:53 started a couple of years ago, just roughly 1% of power
03:56 gen renewals at that time.
03:57 This has increased to 10% now.
04:00 And going forward as well, the company
04:02 is expecting to double this business over the next five
04:05 years.
04:06 Another key thing that we look at for all MNCs
04:08 is the royalty picture.
04:09 Currently, it's down to just 1.7% for come ins.
04:13 This is down from roughly 3% previously.
04:16 And the positive thing is that the management has highlighted
04:19 that it will be at the similar level for the next fiscal year
04:22 as well.
04:22 When you look at, they have guided for double digit growth
04:26 for the next few years.
04:28 And they have said that the company
04:30 is expected to grow double of what India's GDP will be.
04:33 So expecting a growth of roughly between 12% to 16%
04:37 over the medium term.
04:39 Now, another thing that they have said
04:40 that the city has upped their estimates for EPS
04:44 by 17% and 24% over the next two years
04:48 and are building in higher revenue as well as margin
04:50 expansion.
04:50 When you look at what Motilal is saying,
04:52 they also have a buy call with a target price of 4,100 rupees,
04:56 which is a 14% upside from current levels.
04:58 They see that there are three key positives for the company.
05:02 One is the long term demand trend drivers
05:04 for its power gen, which is a major segment.
05:06 The second one is the new emission norms
05:08 and the readiness of what the company is.
05:11 They come in on the 1st of July and the ability
05:13 to sustain margins as well.
05:15 So overall, really strong picture coming in
05:18 from both these brokerages.
05:20 Others have also upgraded their target price, just Nomura,
05:22 but they are neutral because of the strong valuation
05:25 of roughly 51 times for FY26.
05:28 But overall, a really strong show
05:29 from Cummins in this particular quarter.
05:32 Back to you.
05:33 All right.
05:34 Thanks so much, Puneet, for getting us those details.
05:36 Let me, on that note, introduce Ashish Kapoor as well as Rajat
05:40 Bose.
05:40 They are the guests today that will help you get answers
05:43 to all of your stock-related questions.
05:45 Thank you so much, gentlemen, for taking the time.
05:47 Ashish, I'll come to you first.
05:48 Cummins India, despite what some might have said,
05:52 were a decent set of numbers in the fourth quarter,
05:56 the stock took a bit of a battering in trade yesterday,
05:59 and it is down in trade today as well.
06:02 What did you make of the numbers,
06:03 and what should investors do?
06:04 Should they buy at this point?
06:07 Yeah, I think they should be buying at this point.
06:10 In fact, the results are, you're right, pretty good
06:14 on all fronts.
06:15 Their revenue has gone up, and profits
06:17 have gone up substantially.
06:20 More than that, I think continuously
06:21 over the last few quarters, their return ratios
06:24 are improving, showing very good utilization of capital
06:29 and very good business prospects.
06:30 Their cash in their books is continuously increasing.
06:35 So a very robust position the company is in.
06:39 And like I slightly pointed out,
06:41 an MNC, well, then it may look expensive,
06:45 but compared to other companies in the same sector,
06:48 it's actually cheaper, putting at a cheaper valuation,
06:50 despite such stellar numbers.
06:53 So according to me, it looks very good, very well poised.
06:56 And I think another 20%, 25% upside from here
07:01 can easily be factored in the next 6 to 12 months.
07:04 So it looks very good as an investment idea on the way
07:07 down.
07:08 So I would recommend investors to accumulate their stock.
07:11 20% to 25% upside in stock price.
07:15 But let's start off with the queries now.
07:17 And the first one is from Monica Sharma,
07:20 who's talking about Delta Corp that they
07:23 bought at a price of 151.
07:25 Elevated levels.
07:26 Rajat, the stock has been in a downtrend.
07:31 It's a loss-making stock, downward 53% in the last one
07:37 year.
07:38 Any chance of any kind of upside for a viewer
07:41 who's holding it at these elevated levels?
07:44 First of all, good morning, and thank you
07:50 for having me on your show.
07:53 What I would like to say here is that there
07:56 is no redeeming feature from a technical point of view.
08:00 It is pretty low.
08:03 It is posting new lows.
08:06 113.40 is the current price.
08:10 It can go further down.
08:13 Even on the oscillator charts, there
08:15 are no signs of any positive divergence,
08:17 which would indicate that there is some possibility that it
08:22 could actually give a bounce back or at least cross 120.
08:26 I see no such redeeming features.
08:28 I would say it is better to exit this stock,
08:31 because even with so much of foolishness in the recent past,
08:36 this stock has been continuously showing weakness.
08:40 So it's better to get out of it and invest somewhere else.
08:44 OK, fair point.
08:46 I will come back to you at some point
08:47 to ask what that somewhere else is.
08:50 Puneet Saxena has got the next question, though, Rajat.
08:52 And this one's also for you.
08:53 Happy Forgings is the name of the counter.
08:55 He's bought at levels of 1,000.
08:56 And he's asking what his strategy should
08:58 be for the next three to six months
08:59 and whether or not you can provide him
09:01 with a target price.
09:02 The stock-- and I'm looking at the performance in 2024--
09:06 it's not done too much, 6 and 1/2% or thereabouts.
09:09 But then from its low point that it made on the 18th of March,
09:13 it has made a pretty smart move up.
09:16 Would you say that holding on makes sense?
09:18 It is Happy Forging, right?
09:22 That's right, Happy Forging.
09:23 Yeah.
09:24 Happy Forging, I mean, it is on an up move.
09:29 And currently, after posting a high four days back--
09:35 I mean, three days back, excluding today--
09:38 it was 1,140 high.
09:40 After that, there is some kind of a correction.
09:43 If it were to fall below, say, 1,080, I think in that case,
09:53 there will be some problem in the sense
09:55 that this is a vertical run, almost a vertical run.
09:59 And it can be corrected.
10:01 In case of any correction, what kind of levels to look for,
10:05 it will be 1,000 to about 1,020.
10:07 Around that level, one can buy again.
10:10 Or if somebody is taking a short-term position in this,
10:14 I would suggest booking profits.
10:17 All right.
10:18 The next question is from Satya.
10:20 And this is for you, Ashish.
10:22 They say they sold Madhasan Sumi and switched to Madhasan Sumi
10:25 Wiring based on a fundamental analyst's suggestion.
10:29 But now, since they have made the switch,
10:32 Wiring has given negative returns.
10:34 And Madhasan International has been positive.
10:40 It has actually risen about 16% in the last one month itself.
10:45 The question here is, first of all, what happened?
10:48 Why this sort of negative returns in Madhasan Sumi
10:52 Wiring?
10:52 And should you add more at 66 levels?
10:55 It's currently trading about that price.
10:59 Well, I mean, firstly, I think it wasn't a very sound advice,
11:03 because Samvardhana, the company,
11:07 is actually coming out as a very big conglomerate.
11:11 And I don't know why somebody would have advised the investor
11:14 to shift into Madhasan Wiring.
11:17 But having done that, I think even the wiring business,
11:21 this company also is very good.
11:23 So I would think that it's just a matter of time.
11:25 I don't know.
11:26 I don't exactly-- I haven't tracked the company lately,
11:28 so I don't know why it has fallen.
11:30 But I think now that having done that, it should hold on.
11:35 Should be holding on patiently.
11:37 And I think even wiring would do well in the time to come.
11:41 And I think it would recover their loss for sure
11:45 and make some profit also.
11:46 So stay invested.
11:47 But Samvardhana, of course, is a much better company
11:50 and I think much better prospects.
11:52 In terms of the sheer size of the portfolio of products
11:56 that they offer in the auto-hank space,
11:58 wiring harnesses is what, of course, Madhasan Wiring does.
12:01 But then Samvardhana, Madhasan offers a whole suite
12:04 of products to several clients, not just in India.
12:07 It's a point well taken, Ashish.
12:09 I'm coming back to you on IT stocks.
12:11 And this is a question from Shree.
12:13 He's asking about the likes of TCS, Wipro, Scient,
12:17 and Infosys.
12:18 So mostly he's talking about the large cap IT stocks.
12:22 And I know that a lot of people have
12:23 been talking about the prospects of mid-cap IT.
12:26 So would you say that this is a good time
12:28 to perhaps look at the large cap stocks?
12:31 Yeah, I think so.
12:32 I think, see, they are falling basically
12:34 because of US problems.
12:37 Now, US remains the biggest market,
12:40 but you really can't correlate like that
12:44 because whatever problems US tech companies may be having,
12:48 the fact is that the demand for outsourcing
12:52 of software and other technology is
12:56 going to keep increasing because the whole world is now
12:59 focused on technology, new internet solutions,
13:05 and other things.
13:06 So I think the demand for Indian-based products,
13:11 Indian-based services is going to keep improving going forward.
13:16 So what this is representing to me
13:19 is a good opportunity to enter.
13:21 So if you enter into TCS, Infosys,
13:24 and the other established names, you are actually
13:26 getting a good entry point because whatever
13:29 might be happening in US is firstly temporary
13:32 and secondly, regardless of one company.
13:35 And I think that also, there is some market dynamics at play
13:39 because Salesforce itself has done very well.
13:42 Just one miss in, I think, over 16 years.
13:45 So that's really not something to go by.
13:48 I think more to do with market dynamics and otherwise
13:50 nervousness in the US markets.
13:52 So I think this does not reflect on the growth of technology
13:57 as such.
13:58 So I think this fall represents going to me
14:00 a very good opportunity to enter into established IT
14:04 players in India, both large as well as mid-caps.
14:08 All right.
14:09 We'll slip into a short break right now, but we'll be back
14:11 and we'll take more queries on the other side.
14:13 Stay tuned.
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16:38 - Welcome back, you're watching Ask Profit
16:44 and choppiness continues in the Indian equity markets.
16:46 We may have started the hour or rather the half hour show
16:50 with the Nifty gaining about 1/10 of a percent,
16:53 but we're back at a third of a percent
16:55 or thereabouts and off the low point of the day,
16:57 but still off the high point
16:59 and gains of about 7/10 of a percent.
17:01 The next question we're taking is on Paisal or digital
17:03 and this is a question coming in from Shiv Kumar.
17:06 He's asking about a counter that he's already bought.
17:08 He's bought at levels of 4,000.
17:09 He's bought at levels of six, sorry,
17:11 he's bought 4,000 shares at levels of 67.
17:14 He's asking whether to hold, accumulate or sell.
17:16 Rajat, what's your view on the charts?
17:18 - Well, Alex, I would say that if you could show
17:23 the one year chart on your screen, that would be great
17:27 because this is, this stock, discussion on this stock
17:31 would be instructive for what can happen
17:35 in a lot of other stocks.
17:36 This particular stock moved up.
17:40 This year, early this year, it posted a high of about 100.
17:45 And after that, it was between February and March.
17:49 And after that, early March, it fell to something
17:54 like 50 rupees or very close to that.
17:57 After that, again, it posted a lower high
18:00 around say 85 and then tested a low around 60.
18:05 Now it is languishing.
18:06 It is just about getting ready to fall below 55,
18:10 which is its 200 exponential moving average.
18:15 Any stock that goes up parabolically,
18:18 that meets with this kind of a situation going forward
18:22 because the time and price must adjust.
18:27 If price shoots up too much and time has not elapsed
18:31 that much, then this kind of a situation happens.
18:34 And that can happen in a lot of mid-cap,
18:37 even in some large cap stocks going forward.
18:40 That is what I envisage.
18:42 And one should get out of this if it were to fall below 55.
18:47 So, Paisa Lod Digital, not a buying situation there.
18:51 At least technically, it doesn't warrant a buy.
18:54 - All right, fair point.
18:56 Next question is from Suresh Babu,
18:58 who's writing in from Hyderabad.
18:59 They're talking about the counter Natco.
19:01 Ashish, very interestingly,
19:03 Suresh has been holding onto this counter since IPO.
19:06 And from what I can see, that's over two decades
19:11 since they've been holding a counter like Natco.
19:13 And while it is down in trade today,
19:17 after the fourth quarter numbers,
19:18 we did see a jump of about 6%, 7% in the counter.
19:22 However, the question here is that,
19:25 Suresh thinks that the performance is not reflected
19:28 in the price as such in the last two quarters specifically.
19:33 So, what's the fundamental view on this
19:35 from a longer-term perspective,
19:36 time to book profits,
19:38 considering you've been holding onto this counter
19:40 from the last two decades?
19:42 - Well, I don't think so.
19:45 I think, firstly, he must have made a lot of money
19:47 because this stock has done very well
19:50 over the last two decades.
19:53 I don't remember the timing exactly,
19:55 but at some point of time,
19:57 in a matter of, I think, five, six years,
19:59 it kind of went up, multiplied its value.
20:03 But so, therefore, from anybody holding from the IPO level
20:07 would have made a lot of money.
20:08 Having said that, certainly hold on
20:11 because, see, maybe the share performance
20:16 is not as per his expectation,
20:20 but the company has been doing fairly well.
20:23 And also, pharma generally was a bit out of favor
20:27 as far as the sector goes in this market so far.
20:30 The momentum in pharma shares is coming back.
20:32 So, I think at some point of time,
20:34 NETCO should, the share performance
20:37 should also start catching up.
20:38 By the way, he's a long-term investor
20:40 and the company is doing very well.
20:41 He's made very good profits on it.
20:43 So, I don't see, unless he needs money,
20:45 I don't see any reason why he should be looking to exit.
20:48 - Fair point.
20:50 All right, the next question is from Vinod.
20:52 He's writing from Chennai.
20:53 And he's asking about Canra Bank
20:56 and he's asking whether this is the right entry point.
21:00 He's got a long-term view.
21:02 He's asking whether this is a fundamentally good counter,
21:05 but he's specifically asking me
21:06 to ask you this question, Rajat.
21:08 And I know that you look at the technical.
21:10 So, can you tell us whether this is a good point to buy?
21:13 - Well, I would wait for a correction
21:18 because there can be a correction up to a hundred rupees.
21:22 But since Vinod is actually planning to buy this stock
21:27 for longer term, I assume that he would like to stay there
21:31 for about five years or so.
21:32 That is my definition of long-term.
21:35 If that is the case, then buy some here
21:38 and also buy on a dip.
21:40 But definitely, this is a stock that is maintaining
21:43 its uptrend.
21:44 The long-term trend is up, the medium-term trend is up
21:47 and short-term trend is sideways.
21:49 So, buy some here and buy up to a hundred
21:52 and continue to hold.
21:54 This has got good prospects.
21:57 - All right, coming back to you, Rajat.
21:59 This is from Geeta,
22:00 who's talking about the counter Indian hotels.
22:02 The question here is that,
22:04 should you maybe accumulate the stock?
22:06 And from what I can see,
22:07 the stock seems to be in a bit of a correction mode.
22:10 So, good time to add more.
22:15 - Well, if one is a long-term investor,
22:18 one can start adding it.
22:19 Similarly, just like the earlier stock,
22:22 now Indian hotel is at 548
22:25 and its 200-day exponential moving average
22:28 is close to about 500.
22:30 To be precise, it is at 497.
22:34 So, this fall, there is likely to be some further fall
22:38 and it may come down to something like 500.
22:41 Around that time, you buy big quantity
22:44 and its long-term trend is up,
22:46 but the medium-term trend is sideways
22:49 and the short-term trend is down.
22:50 So, chances are you are going to get it
22:53 at a lower price also,
22:54 but if you are accumulating,
22:56 then buy some here and buy more on the downside up to 500.
23:01 - Okay.
23:02 I'm getting a lot of questions on the technicals,
23:06 but I am actually curious about DMAT,
23:09 which my viewer, Samir, is asking about.
23:12 Generally, he's looking at the long-term prospects.
23:15 So, I will come to you, Ashish, on this one.
23:18 I'm not certain as to when he has bought this,
23:20 but he's concerned about the recent price trend,
23:22 which has been negative.
23:23 Should he hold on based on the fundamentals?
23:25 - Well, I think he must have bought on the basis
23:30 of this company having a very robust retail model.
23:35 It was always very expensive.
23:39 That was always a point of discussion
23:41 right from the IPO time.
23:43 It was always thought to be very expensive
23:45 and ahead of its time in terms of valuation.
23:49 Nothing has changed.
23:50 I think still it has a very good model.
23:53 And I think as far as the supermarket goes,
23:58 I think it still has a very, very good model,
24:01 very robust model.
24:02 And wherever they are operating,
24:03 they are very clearly in a leadership position.
24:06 So, nothing has changed.
24:07 It just did.
24:08 I think the excitement after the IPO,
24:11 the stock really went up,
24:13 was at an astronomical valuation.
24:16 So, it needed some kind of cooling off,
24:19 some kind of a larger period of consolidation,
24:21 which I think it is going through.
24:23 So, as long as, I mean, time is not a constraint.
24:26 I think nothing has changed.
24:27 All the assumptions regarding their growth are still there.
24:31 The stock has a long way to go,
24:33 but of course, like every great company,
24:36 it reaches kind of a roadblock.
24:39 It has reached a roadblock.
24:40 Difficult to time it now, when it will come out of it.
24:43 But stay invested.
24:45 I think your initial,
24:46 I'm sure you bought it with this assumption
24:47 of taking part in India's political growth story.
24:51 That it captures very well,
24:52 and I think a period of time
24:54 before it starts moving up again.
24:57 So, mine, this thing would be to hold on.
24:59 All right.
25:00 The next counter is Suzlon.
25:02 This one's from Snigdha, who's writing in from Delhi.
25:04 They bought the counter at a price of 48 rupees,
25:06 which is slightly higher
25:08 than where it's currently trading at.
25:09 Rajat, this is from a six month perspective.
25:13 Do you see, what kind of upside do you see in the stock?
25:15 And from what I can see in the last one year,
25:18 this stock has been a turnaround story
25:20 with over 200% returns.
25:23 You're right.
25:26 It has gone up very steeply since July, 2023.
25:31 And early part of 2024, it posted a high.
25:35 This time, that time the high was 50.60.
25:39 And this time, very close,
25:41 I mean, recently, the high is around 49.
25:45 So, somewhat similar.
25:46 What I would say is this,
25:50 that if you are buying at this juncture,
25:54 then that's a complete mistake
25:57 from a trading point of view,
25:59 because this is likely to come down.
26:02 This is actually a failure swing that has happened.
26:05 Now it is trading at 45.
26:06 That means it attempted that time twice,
26:11 and this time also two successive sessions,
26:14 it is trying to get past that 50 mark,
26:16 and it has not been able to do so.
26:18 If it were to fall below 36,
26:20 then there would be a sharp downswing.
26:23 So I would suggest not getting into right now.
26:26 And if one has already purchased,
26:28 and one is sitting on a good cash,
26:31 then book that profit.
26:33 - All right.
26:34 Do we have time for one quick question?
26:37 All right, Bina from Mumbai is asking,
26:39 "REC, she's bought at levels of 129, 1000 shares.
26:43 A very quick view, Ashish, should she continue to hold?"
26:45 - Yeah, certainly continue to hold.
26:48 I think it is a long way to go.
26:49 One of the great performance stocks
26:51 should continue to do so.
26:52 - All right, that brings us to the end
26:54 of this particular edition of Ask Profit.
26:56 Ashish Ishbal as Rajat,
26:57 thank you so much for joining in
26:59 and for answering all the questions you did.
27:00 Viewers, we're completely out of time
27:02 on this particular edition.
27:03 If we didn't answer your question,
27:04 hopefully the other answers that were discussed
27:06 on the show have benefited you.
27:08 Do stay tuned, lots more coming up
27:09 over the course of the day.
27:10 And this is NDTV Profit.
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29:37 - Hello and welcome, this is Hot Money.
29:39 I'm Agam Makiel.
29:40 We are taking a look at the markets
29:42 which at the moment are advancing.
29:44 But it's been a quiet trading day.
29:47 On the whole, if you consider the start
29:49 of the trading session and then moving on,
29:51 it's been largely flattish.
29:53 We haven't seen as much traction.
29:54 It's been a day of consolidation to speak of.
29:57 Perhaps a little bit of short covering coming through
29:59 in the earlier bit of the session.
30:01 But overall, we have seen about steadiness
30:03 and I reckon it's gonna be quiet here on.
30:06 Unless of course we expect some fireworks
30:09 in the last one hour trade.
30:10 Well, we can't rule that out.
30:11 But right now at the moment,
30:13 the silence continues at least as far
30:17 as today's day of trade's concerned.
30:18 Consider it a calm before the storm
30:21 that we could expect going into trade on Monday,
30:25 then where we will have markets react to exit polls
30:27 and Tuesday where we will in fact have the outcome
30:29 of the general elections.
30:31 That's it.
30:32 As far as markets go, right now at the moment,
30:34 the Nifty is advancing.
30:36 It's a bank Nifty which is once again taking a step back
30:40 even though that is also trending marginally
30:42 in the green right now.
30:43 Well, as far as your constituents of the Nifty are concerned,
30:46 let's pull that up and let's see which of these stocks
30:49 are actually providing the impact.
30:51 So we do have ICICI Bank and L&T providing perhaps
30:54 a little bit of support as far as the Nifty is concerned.
30:56 On the lower end, what's weighing down on the indices
31:00 is Bharti Airtel, Kotak Mantra Bank and TCS.
31:04 But a very flat day of trade and at least as far
31:07 as the Nifty is concerned, now up just about 35,
31:10 40 odd points, so not much to speak for there.
31:13 If you consider the broader markets and see how things
31:15 are faring there as well, let's pull that out.
31:17 You know, the MedCap index is flat right now.
31:20 And as far as the small cap index is concerned,
31:24 there as well we have seen marginal gains.
31:27 Again, a very quiet day for the broader markets too.
31:31 At this point in time, a lot of participants will be hesitant
31:34 to carry substantially large positions over the course
31:37 of the next two trading sessions because of the fact
31:41 that we are looking at a lot of volatility.
31:44 That said, well, let's keep an eye on some of these factors.
31:47 But on that note, you know, let's also try and figure out
31:51 where we have actually seen gains and where we're actually
31:56 looking at some amount of weakness, at least as far
31:58 as the MedCap space is concerned, because that's something
32:00 that we will keep in mind, that's something that we will
32:03 bear in mind at the moment.
32:04 If you consider the MedCap 100 and, you know,
32:07 the index specifically out there, we have some weakness
32:11 in something like an Ipca Labs that's down around 5.8%.
32:15 Besides Ipca Lab, we have Page Industries,
32:17 which is also declining by around 3.7%.
32:20 And APL Apollo, that's down around 3.5%.
32:24 On the gaining end, however, there is traction,
32:27 positive traction when it comes to GMR Airports
32:29 that advances by 4.4% along with PB Fintech,
32:33 up as much as 3.8% and Torrent Power up 3.8% as well.
32:38 So we have seen some gains.
32:40 Prestigious Chase, of course, which also reacts to earnings,
32:43 that's where we've seen some positive traction.
32:45 So that's as far as your overall, well, scheme of things
32:48 go when it comes to the broader markets.
32:50 On that note, let's take a look at all the stocks
32:53 that we are going to address in the show today.
32:55 We start off with Adani Group, Bharat Dynamics
32:58 coming up with its earnings.