Trading Radar: Titan, Airtel, Swiggy, Kalyan Jewellers, AU Small Finance in Focus

Indian Equity Markets Show Strong Recovery

Indian equity markets experienced a notable recovery late on Thursday, closing higher as technology and pharmaceutical stocks led the way. The Nifty 50 index showed positive momentum, reflecting investor confidence in key sectors of the economy.

Despite this positive trend, the markets are expected to open cautiously on Friday. Investors are keeping a close eye on developments related to India's trade deal with the United States and the status of crude oil imports. Reports indicate that Indian refiners have temporarily halted the import of discounted Russian crude, adding another layer of uncertainty for market participants.

Geopolitical Developments

In the geopolitical landscape, Russian President Vladimir Putin is set to meet former U.S. President Donald Trump soon. Additionally, Russian Prime Minister Mikhail Mishustin is scheduled to meet Indian Prime Minister Narendra Modi by the end of the month. These high-profile meetings could have significant implications for international relations and trade dynamics.

At 8:30 am, the GIFT Nifty, an early indicator for the Nifty 50 index, rose slightly by 0.03% to 24,639.5, signaling a cautious but optimistic start to the trading session.

Stocks to Watch

Several stocks are drawing attention as investors prepare for today’s trading session:

• Bharti Airtel: The promoter entity, Indian Continent Investment, plans to sell a 0.8% stake via a block deal worth around ₹9,310 crore.
• AU Small Finance Bank: Has received in-principle approval from the Reserve Bank of India (RBI) to transition into a universal bank.
• Zydus Lifesciences: Received its first Notice of Compliance from Health Canada for ZDS-Varenicline tablets, used for smoking cessation.
• Piramal Pharma: Experienced a fire at a third-party warehouse in Telangana, affecting inventory worth about ₹45 crore. The situation is under control, and investigations are ongoing.

Additionally, MSCI has updated its India Standard Index, adding Swiggy, Waaree Energies, Vishal Mega Mart, and Hitachi Energy India, while removing Sona BLW and Thermax.

Earnings Impact

Several companies reported their earnings results for the latest quarter:

• Titan Company: Profit rose by 52.6% to ₹1,091 crore, with revenue increasing by 24.6% to ₹16,523 crore.
• LIC: Profit increased by 3.9% to ₹10,957 crore, with net premium income up 4.7% and a VNB margin of 15.4%.
• Biocon: Profit dropped sharply by 95.2% to ₹31.4 crore, despite a 14.8% rise in revenue to ₹3,941.9 crore.
• Ramco Cements: Profit surged by 131.2% to ₹84.6 crore, even as revenue slightly declined by 0.9%.

Other notable results include:

• Cummins India: Profit jumped by 40.4% to ₹589.3 crore, with revenue rising 26.2% to ₹2,906.8 crore.
• BSE: Doubled profit to ₹539.4 crore, with revenue surging 59.2% to ₹958.4 crore.
• HPCL: Profit increased by 548.5% to ₹4,110.9 crore, despite a 2.7% dip in revenue to ₹1.1 lakh crore.

Results Today

Several major companies will release their quarterly results today, including:

• State Bank of India
• Tata Motors
• Grasim Industries
• Siemens
• Afcons Infrastructure
• Bombay Dyeing & Manufacturing Company
• DOMS Industries
• Equitas Small Finance Bank
• ESAF Small Finance Bank
• Gandhar Oil Refinery
• Lemon Tree Hotels
• Manappuram Finance
• Info Edge (India)
• Apeejay Surrendra Park Hotels
• PG Electroplast
• TVS Supply Chain Solutions
• Voltas
• Wockhardt

Active IPOs

Investors are also keeping an eye on ongoing Initial Public Offerings (IPOs), including:

• All Time Plastics
• JSW Cement

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