All posts by adminaw

The benchmarks will aim to take the positive baton from last week in a fresh week ahead as well.

Our call of the week suggests Nifty’s all-time-high at 26277.35 should reach sooner than later.

Investor sentiment shall remain upbeat after the National Democratic Alliance (NDA) landslide victory and returning to power in Bihar.

The 2-biggest Headwinds:

1) FIIs persistent selling. This November month, FIIs have already sold to the tune of Rs. 13653 Cr.

2) Doubt on next Fed rate cut

Long Story Short: A bullish celebration could unfold as the NDA’s victory in the Bihar elections reinforces political stability and lifts overall market sentiment.

Simply put, buying opportunities emerge at Dalal Street amidst ‘Signs of Bears Exhaustion’ and also on backdrop of ‘Overextension of Pessimism’.

Keep Your Nifty all-time high cap ready! Yipee!!

The Nifty options data suggests Nifty is likely to be in a trading range of 25000-27000 zone. Maximum Call OI is at 26000 followed by 27000 strike prices. 26000 mark is now Nifty’s major resistance zone on closing basis. Maximum Put open interest stands at 25000 levels followed by 26000 levels. Call writing was seen at 25600 and then at 25500 strike price, while there was meaningful Put writing at 25200 and then at 25300 strike prices.

Price Forecast:

Nifty CMP (25910)
Support : 25500/24551
RESISTANCE: 26277/26600
RANGE: 25677-26300
200 DMA: 24440
Nifty PCR: 0.97
BIAS: Positive

Bank Nifty CMP (58518)
Support: 57200/55500
RESISTANCE: 59650/61000
RANGE: 57500-59500
200 DMA 54240
BankNifty PCR: 0.92
BIAS: Positive

Preferred trade for the week:

Nifty (25910): Buy on dips between 25822-25835 zone. Targets at 26150/26277. Aggressive targets at 26500 zone. Stop at 25500.

TOP SECTORS

Bullish Sectors: BANKS, METALS, IT

Bearish Sector: MEDIA, FMCG

STOCKS IN FOCUS:

BULLISH VIEW: ASHOKLEY, SBIN, BDL, AMBER, MUTHOOTFIN, FEDERALBNK, MCX, BSE, SOLARINDS

BEARISH VIEW: BAJAJ AUTO, SRF, ULTRACEMCO, MPHASIS, HDFCAMC, SHREECEM

Garden Reach Shipbuilders & Engineers (GRSE)

Company Overview:

Garden Reach Shipbuilders & Engineers Ltd. (GRSE) is an Indian defence-shipbuilding and engineering firm under the administrative control of the Ministry of Defence.
Headquartered in Kolkata, West Bengal, the company designs, builds, repairs and overhauls warships, offshore platforms, and specialised marine vessels, as well as diversified engineering-products (portable steel bridges, deck-machinery, pumps). GRSE claims the distinction of being the first Indian shipyard to export warships and to deliver 100+ warships to the Indian Navy & Indian Coast Guard.

GRSE BUY
CMP 2897
Target Price 3100/3535
Stop 2593
52 Week H/L 3535/1180
P/E 53.81
EPS (TTM) 53.80
Promoters/FIIs/DIIs//Public 74.50/3.26%/1.99%/20.25%
Book Value 200
Market Cap (INR) 33,187 Cr.

Company Overview:

Garden Reach Shipbuilders & Engineers Ltd. (GRSE) is an Indian defence-shipbuilding and engineering firm under the administrative control of the Ministry of Defence.
Headquartered in Kolkata, West Bengal, the company designs, builds, repairs and overhauls warships, offshore platforms, and specialised marine vessels, as well as diversified engineering-products (portable steel bridges, deck-machinery, pumps). GRSE claims the distinction of being the first Indian shipyard to export warships and to deliver 100+ warships to the Indian Navy & Indian Coast Guard.

Key Strengths & Competitive Advantages
1) Defence domain + strategic importance – GRSE operates in the defence shipbuilding segment, which is often state-supported, high entry barrier, and aligned with “Make in India” themes. This gives GRSE leverage in securing orders and preferential access.
2) Strong order book / backlog & long-term contracts – With multiple ship-contracts, export potential, and repair/refit capabilities, GRSE enjoys visibility of future revenue streams. Order Book: GRSE’s order book stands at INR 21,700 crores as of June 30, 2025, covering 10 projects and 40 marine platforms.
3) Indigenisation & cost control – The push towards higher indigenous content for its vessels and engineering items reduces reliance on global suppliers, supports margins, and enhances strategic value for Indian defence procurement.
4) Diversified engineering portfolio – Beyond ship‐building, GRSE’s engineering division (bridges, pumps, machinery) provides additional revenue streams and helps mitigate pure ship-building cycle risk.
5) Track record & reputation – Delivering a large number of warships, export contracts and government visibility boosts credibility and may ease financing, approvals and partnerships.
Risks & Challenges
1) Long project lead-times & execution risk – Ship-building is capital‐intensive, with long gestation, risk of delays, cost overruns, and currency/material inflation exposure.

2) Working capital and margin pressure – Large contract volumes can tie up working capital; higher subcontracting or material cost escalation could squeeze margins. For example, in Q2 FY26 subcontracting charges saw steep YoY growth.

3) Dependence on government/PSU orders & policy risk – A large portion of business comes from defence/government clients; any change in policy, budget cuts, or delays in order awards could impact GRSE.

Key Financial Results (Q2 FY26)
GRSE delivered strong top-line and bottom-line growth in Q2 FY26, reflecting healthy execution, order conversion, and favourable macro tailwinds in defence/ship‐building.
 Revenue from operations: ~ ₹1,677.38 crore, up ~45.48 % YoY.
 Total income (including other income): ~ ₹1,746 crore, up ~42 % YoY.
 Profit after tax (PAT): ~ ₹153.78 crore, up ~57.28 % YoY versus ~₹97.77 crore in Q2 FY25.
 Profit before tax (PBT): ~ ₹209.36 crore vs ~₹130.53 crore previous year, ~60.39 % growth.
 EBITDA: ~ ₹225 crore in Q2 FY26 vs ~₹144 crore in Q2 FY25, ~56 % growth.
 Margin: Operating margin improved; e.g., an analysis reported OPM of ~9.31% in Q2 FY26.

Technical Outlook: The stock has been consolidating for last 4-months with immediate support seen at 2550-2675 area. Confirmation of strength above 3100. Above 3100, GRSE will aim its all-time-high at 3535 mark. The stock is currently trading well above its 200-DMA at 3296 levels.

Preferred trade:

Buy GRSE (CMP 2897) at CMP, targeting 3033/3100 and then aggressive targets at psychological 3550 mark. Stop at 2483. Holding Period: 12-15 Months.

Disclaimer: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.

November 10th to November 14th 2025

Well, investors have reason to cheer — Nifty closed the week with a strong, decisive gain, reinforcing the view that bullish momentum may soon become the new normal on Dalal Street.

Our call of the week suggests that the recent phase of turbulence and hesitation is gradually receding.

Sentiment is improving, supported by rising expectations of rate cuts, fuelled by encouraging cooling CPI inflation that rekindles optimism and strengthens the market’s upward bias

Long Story Short: Animal spirits are back on Dalal Street.

Nifty (+1.64%, 25910)
Sensex (+1.62%, 84563)
Bank Nifty (+1.11%, 58518)

The Biggest Positive Catalyst: Bank Nifty has hit a fresh all-time high, and more importantly, is signalling a major upside breakout, reinforcing the strength of the broader market.

Substantial rate cuts from the RBI are on the horizon.

That’s because, India’s CPI inflation has dropped to record lows, marking the ninth straight month below the RBI’s 4% target.

Food inflation — which makes up nearly half of the CPI basket — fell 5.02% YoY, the sharpest decline ever recorded, strengthening the case for policy easing.

Other supportive catalysts include:

1) US–India Trade Deal Hopes: Renewed optimism as both countries inch closer to finalising a mutually beneficial agreement.

2) Crude Oil Prices in a Freefall: Futures have tumbled toward $58 per barrel, after OPEC signalled a comfortable supply environment — a major macro tailwind for India.

Bottom-line: With the macro setup turning decisively bullish, Nifty bulls are now setting sights on its all-time-high at 26277.35 milestone, with the next target goal post firmly placed at psychological 27000 mark.

Weekly Recap:
Instruments LTP Weekly % Change
Nifty 25910 +1.64%
Sensex 84563 +1.62%
Bank Nifty 58518 +1.11%
Nifty Midcap 16390 +2.47%
India VIX 11.94 (-4.94%)

Dow 47147 +0.34%
Nasdaq 25008 (-0.21%)
Bovespa 157739 +2.39%

Crude Oil 60.19 +0.75%
Gold 4089 +2.24%
Silver 51.21 +5.6%
USD/INR 88.66 (-0.01%)

Here are how indices performed in the week gone by:

1) Nifty (+1.64%) snapped its 2-week losing streak, and the positive takeaway was that the benchmark ended way above its 21 DMA (25756), 50 DMA (25324), 100 DMA (25154) and Nifty’s 200 DMA at 24440 mark.

2) Bank Nifty (+1.11%) was well bid and the positive takeaway was that Bank Nifty managed scale new record all-time-high at 58615.95 mark.

Bank Nifty’s 200-DMA is at 54240 mark.

3) Nifty Private Bank index inched 0.92% higher while Nifty PSU Bank index gained 0.57% higher.

4) The broader markets traded with smart gains as Nifty Mid-cap 50 index ended with 2.47% higher while the Nifty Small-cap index inched 0.98% higher.

Bullish Sectors:
Nifty IT (+3.37%)
Nifty Pharma (+2.94%)
Nifty Infra (+2.4%)
Nifty Auto (+1.72%)
Nifty Energy (+1.32%)
Nifty Metal (+0.65%)
Nifty FMCG (+0.22%)

Bearish Sectors:
Nifty Media (-0.67%)
Nifty Realty (-0.55%)

STOCK SPECIFIC NEWS:

1) Bharat Dynamics (+11.47%) jumped after the company delivered a strong set of numbers for Q2 FY26. Standalone profit surged 76.2% YoY to ₹215.88 crore, while revenue more than doubled, rising 110.55% YoY to ₹1,147.03 crore.

2) Hero MotoCorp (+4.58%) gained after the company reported a 23% jump in consolidated net profit to ₹1,308.89 crore, supported by a 16.6% rise in revenue to ₹12,218.39 crore in Q2 FY26.

3) Infibeam Avenues (+4.38%) spiked after posting strong Q2 earnings, with profit after tax rising 51% year-on-year to ₹66.52 crore. Revenue from operations also soared 93.27% to ₹1,964.91 crore in Q2 FY26 versus Q2 FY25, driven by robust performance across its digital payments and e-commerce solutions businesses.

4) Honasa Consumer (+6.63%) jumped after the company reported a net profit of Rs 39 crore in Q2 FY26 as against a net loss of Rs 19 crore recorded in Q2 FY25. Revenue from operations rose by 16.5% year-over-year (YoY) to Rs 538 crore during the quarter.

5) Samvardhana Motherson International (+5.82%) gained after its Q2 FY26 Revenue Rose to ₹30,173 Crore; Profit Up 15% YoY

6) Muthoot Finance (+15.34%) zoomed out of the gate after delivering a strong Q2FY26 performance with an 87% jump in profit, robust loan growth, and record consolidated AUM of ₹1.48 trillion, supported by steady lending momentum

7) Adani Enterprises (+6.22%) stock price climbed after the company announced details of its ₹25,000 crore rights issue. The rights price is set at ₹1,800 per share — a 23.93% discount to its previous close. Investors will be entitled to three shares for every 25 held (3:25).

8) BSE (+5.57%) surged after posting a 61% jump in Q2 net profit to ₹557 crore. Revenue from operations rose 44% YoY to ₹1,068 crore, driven by strong volumes and new listings.

9) BLS International Services (+4.62%) soared after reporting a 26.8% rise in consolidated net profit to ₹175.23 crore and a 48.8% jump in revenue to ₹736.63 crore for Q2 FY26.

10) Zaggle Prepaid Ocean Services (+7.79%) gained after delivering strong Q2 as standalone net profit surged 79.1% YoY to ₹33.24crore.

11) GSFC (+3.03%) rallied after Q2 results showed: Net sales up 20.96% YoY to ₹3,187 crore. Net profit up 8.67% YoY to ₹324 crore.

12) SpiceJet (+1.93%) gained despite reporting a wider consolidated net loss of ₹447.70 crore in Q2 FY26, compared to a loss of ₹424.26 crore in the same quarter last year. The company clarified that the figure excludes forex losses. The results highlight continued operational and cost challenges for the airline despite improving passenger traffic trends.

13) IOL Chemicals & Pharmaceuticals surged 5.53% as the company’s consolidated net profit jumped 56.5% to ₹30 crore, driven by an 8% increase in revenue to ₹568 crore in Q2 FY26 versus the same period last year.

14) Vodafone Idea surged 4.49% after the telecom major reported a narrower consolidated net loss of ₹5,524 crore in Q2 FY26, compared to a loss of ₹7,175.90 crore in the same quarter last year. Revenue from operations rose 2.3% year-on-year to ₹11,169.60 crore from ₹10,918.20 crore, signaling gradual improvement in the company’s performance.

15) Atul Auto (+4.6%) surged after the company’s consolidated net profit zoomed 69.5% to Rs 9.17 crore in Q2 FY26 as against Rs 5.41 crore posted in Q2 FY25.

16) Bharat Forge (+6.04%) rallied after posting Q2 results that surpassed Street expectations. While Trump’s tariff measures triggered a sharp 63% year-on-year decline in US-bound commercial vehicle exports, the company managed to deliver a robust high single-digit revenue growth.

17) Bajaj Finance fell about 4.51% after the lender cut its FY26 growth guidance despite its Q2 FY26 results broadly meeting Street estimates. The NBFC major’s July-September quarter performance showed expansion in key metrics, but asset quality worsening.

18) Eicher Motors (-2.7%) slipped despite posting a healthy 24.45% YoY rise in consolidated net profit to ₹1,369.45 crore in Q2 FY26 (vs ₹1,100.33 crore last year).

In the week gone by, notable gainers amongst Nifty 50 were:

ASIAN PAINTS (+11.19%)
Adani enterprises (+6.22%)
INDIGO (+5.82%)
HCL TECH (+5.44%)
JIO FINANCIAL (+5.21%)

And the losers were:

TRENT (-5.10%)
BAJAJ FINANCE (-4.51%)
TATA STEEL (-3.92%)
APOLLO HOSPITAL (-2.90%)
MAX HEALTHCARE (-2.84%)

WHAT’S NEXT FOR NIFTY?

Our call of the week suggests Nifty’s all-time-high at 26277.35 should reach sooner than later.

Investor sentiment shall remain upbeat after the National Democratic Alliance (NDA) landslide victory and returning to power in Bihar.

The 2-biggest Headwinds:

1) FIIs persistent selling. This November month, FIIs have already sold to the tune of Rs. 13653 Cr.

2) Doubt on next Fed rate cut

Long Story Short: A bullish celebration could unfold as the NDA’s victory in the Bihar elections reinforces political stability and lifts overall market sentiment.

Simply put, buying opportunities emerge at Dalal Street amidst ‘Signs of Bears Exhaustion’ and also on backdrop of ‘Overextension of Pessimism’.

Keep Your Nifty all-time high cap ready! Yipee!!

Disclaimer/ Disclosure: The investments & trading ideas recommended in the market analysis, research reports, etc. may not be suitable for all investors. This article or data points does not construe investment advice as stock market investments are subject to market risks so please refer to your financial consultant advice before Investing or trading. All information is a point of view, and is for educational, Learning and informational use only. The author or the group admin accepts no liability for any interpretation of articles or comments on this platform being used for actual investments. Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors. Investors must make their own investment decisions based on their specific investment objectives, goals and financial position only after consulting with registered market intermediaries.