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On Thursday, traders are advised to focus on stocks such as PVR INOX, CCL Products, Trent, Bharat Electronics, BEML, and Firstsource. Additionally, there is an option to receive push notifications for relevant content and transaction updates.
The Nifty 50 index rebounded on November 27, closing above 24,250, driven by gains in auto, energy, metal, and media sectors. After a flat opening and rangebound trading, the index surged past 24,350 before some selling pressure emerged. Notable gainers included Adani Enterprises and NTPC, while Apollo Hospitals and Titan Company were among the losers. Broader indices also performed well, with the Nifty Midcap rising 0.6% and the Nifty Smallcap up 1.3%.
Neeraj Chadawar, Head of Quantitative Equity Research at Axis Securities, identifies Ethos, Trent, Varun Beverages, and DOMS Industries as stocks with limited earning downgrade potential. He notes that upcoming state election results, US policy changes, and global economic indicators may contribute to volatility in the Indian equity market. Additionally, he suggests that large-cap private banks, telecom, selected consumption, IT, and pharma sectors offer a better margin of safety in the near term.
Alembic Pharmaceuticals reported a 12.3% profit increase to Rs 153.41 crore for Q2 FY25, with revenue rising 3.3% to Rs 1,647.98 crore. Emcure Pharmaceuticals saw a 38.2% profit surge to Rs 201.55 crore, while Indian Hotels Co Ltd's profit skyrocketed 232.2% to Rs 554.58 crore, driven by strong demand and operational growth.
Trent, the Tata group’s retail arm, is set to report a significant revenue growth of 51% to Rs 4,365 crore for Q2, with net profit expected to rise 53.2% to Rs 444 crore compared to the same quarter last year. Analysts predict a sharp increase in both metrics, with net profit estimates ranging from a 37% to a 73% rise year-on-year.
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