The biggest event of the week is the FOMC outcome.

Nifty is likely to the start the week on a positive note as investors shall welcome a softer-than-expected US inflation report that strengthened expectations for Fed rate cuts.

The US CPI inflation data also suggested that tariff-related inflationary pressures remain contained for now.

The biggest event for next week will be monetary policy decisions, with Federal Reserve’s FOMC heading into meeting on October 28-29th without its usual data due to the US government shutdown

The street is fully pricing in another 25bps rate cut, which would bring the federal funds rate to a target range of 3.75%–4%.

Apart from that, all eyes will also be on Q3 GDP figures releasing in the USA on Thursday, October 30th 2025.

Near-term cues to watch include Q2 earnings,

 Monday (October 27): Indian Oil Corporation, Adani Energy Solutions, Indus Towers, and SRF.

 Tuesday (October 28): TVS Motor Company, Adani Green Energy, Tata Capital, and Shree Cements.

 Wednesday (October 29): Larsen & Toubro, Coal India, Hindustan Petroleum Corporation, and United Breweries.

 Thursday (October 30): ITC, Pidilite Industries, Cipla, Canara Bank, and Dabur India.

 Friday (October 31): Maruti Suzuki India, Bharat Electronics, Shriram Finance, Godrej Consumer Products, and ACC.

Amongst IPOs this week, Orkla India Ltd. IPO is a book build issue of ₹1,667.54 crores. The issue is entirely an offer for sale of 2.28 crore shares of ₹1,667.54 crore. The IPO opens for subscription on Oct 29, 2025 and closes on Oct 31, 2025. The allotment is expected to be finalized on Nov 3, 2025. The IPO will list on BSE, NSE with a tentative listing date fixed as Nov 6, 2025.

On the technical front, the Nifty will look to defend support at 25450 while on the upside targets remain at Nifty’s all-time-high at 26277.35 mark and then aggressive targets at psychological 27000 mark.

The broader market undertone stays constructive, aided by a steady pickup in foreign institutional inflows (FII) and sustained domestic investor participation.

Some volatility also expected as October F&O contracts expire on Tuesday, October 28th 2025.

Bottom-line: Well, the only thing which could glitter brighter than Gold and Silver could be the Nifty index – confirmation of strength only above Nifty 26277.35 mark.

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 26500 strike prices. 26000 mark is now Nifty’s major resistance zone on closing basis. Maximum Put open interest stands at 25500 levels followed by 25000 levels. Call writing was seen at 25900 and then at 26000 strike price, while there was meaningful Put writing at 25300 and then at 25400 strike prices.

Price Forecast:

Nifty CMP (25795)
Support : 25300/24851
RESISTANCE: 26000/26500
RANGE: 25511-26100
200 DMA: 24269
Nifty PCR: 0.65
BIAS: Positive

Bank Nifty CMP (57700)
Support: 56800/55000
RESISTANCE: 59000/60700
RANGE: 56900-58650
200 DMA 53472
BankNifty PCR: 0.84
BIAS: Positive

Preferred trade for the week:

Nifty (25795): Buy at CMP. Targets at 26000/26277. Aggressive targets at 26500 zone. Stop at 25299.

TOP SECTORS

Bullish Sectors: BANKS, AUTO, FMCG, IT, PHARMA

Bearish Sector: MEDIA

STOCKS IN FOCUS:

BULLISH VIEW: SAMMAANCAP, ICICIBANK, BEL, NATIONALUM, HINDALCO, INOXWIND, AMBER, FEDERALBNK

BEARISH VIEW: HUL, CIPLA, TITAN, INDIGO, DMART, TRENT, MCX, APOLLOHOSP, DIXO, KAYNES, BSOCHLTD, SHREECEM, ULTRACEMCO.

GRASIM
GRASIM
BUY
CMP 2841
Target Price 3701
Stop 2271
52 Week H/L 2912/2276
P/E 45.50
EPS (TTM) 2.15
Promoter Holding/FIIs/DIIs/FIIs/Public 43.11%/13.79%/17.91%/24.87%
Book Value 1433
Market Cap (INR) 193356

Company Overview

• Incorporated / Founded: 1947. Headquarters: Mumbai, Maharashtra, India.
• Nature of Business: A diversified industrial conglomerate of the Aditya Birla Group, with core operations in viscose (cellulosic fibres), chemicals / chlor-alkali, building materials (cement, paints, construction), textiles, and newer ventures (paints, digital / B2B marketplace).
• Subsidiaries / Linkages: UltraTech Cement, Aditya Birla Capital, Birla Opus (paints) and “Birla Pivot” (B2B building materials marketplace).
• Geographic / Segment Spread: Grasim has plants in multiple states in India (e.g. Gujarat, Madhya Pradesh, Karnataka) for its fibre, chemical and building materials segments.
• Strategic Moves & Expansion: Entered decorative paints business under brand Birla Opus — aims to set up six plants across India.

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Key Strengths & Competitive Advantages

• Diversification & Portfolio Balance: Grasim is not dependent on a single vertical—viscose fibre, chemicals, building materials, newer segments like paints and digital play provide balance.
• Scale & Vertical Integration: In viscose and chemicals, Grasim benefits from scale economies and integration (raw materials, inputs) which help margin resilience.
• Strong Legacy & Brand Trust: Being part of the Aditya Birla Group provides reputational strength, access to capital and group synergies.
• New Growth Engines: The paints business (Birla Opus) and B2B platform (Birla Pivot) are high-potential ventures aimed at future revenue and margin contributions.
• Cement / Building Material Leverage: Through UltraTech (its cement arm) and synergies with building materials, Grasim has exposure to India’s infra and real estate growth.
• Operational Efficiency in Chemicals & Cement: In Q1 FY26, improved profitability in chemical and cement verticals contributed to strong consolidated performance.

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Risks & Challenges

• Margin Dilution from New Ventures: Paints and digital / B2B platforms require heavy initial investments; early drag on margins is possible.
• Commodity / Input Volatility: Chemicals, energy, pulp, and other inputs are subject to global price swings which can compress margins.
• Cyclicality of End Markets: Cement / building materials are sensitive to real estate cycles, interest rates, and macro slowdown.

Key Financial Results (Q1 FY26)

Metric Q1 FY26 YoY Growth / Notes
Consolidated Revenue ₹ 40,118 crore ↑ 16% YoY
EBITDA ₹ 6,430 crore ↑ 36% YoY
PAT (owners’ share) ₹ 1,419 crore ↑ 32% YoY

Technical Outlook: The recent sequence of higher high/low is intact in all time frames with bullish a probable ‘bullish Flag’ pattern break on the weekly charts. The 200-DMA of the stock is around 2656 levels and will act as major support.

Preferred Strategy: Look to buy at CMP, and on dips between 2500-2550 zone, targeting 2911/3251, and then aggressive targets at 3650-3701 zone. Stop below 2289. Holding Period 9-12 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.

September 20th to October 24th

Bullish momentum eased, but the good news — Nifty’s uptrend stays firmly intact.

The benchmark logged its fourth straight weekly gain, marking the first such winning streak of 2025.

Nifty (+0.33%, 25795)
Sensex (+0.31%, 84212)
Bank Nifty (-0.02%, 57700)

Well, Diwali festive cheer swept through Dalal Street in the week gone by, though bullish sentiments remained cautious due to uncertainty surrounding the India-US trade deal.

Also, hurting sentiments were 2-catalysts:

a) Oil prices spiked to $62.15 a barrel after President Trump imposed sanctions on Russia’s top oil majors, Rosneft and Lukoil.

b) US-China trade tensions resurfaced, following reports that the White House is considering restrictions on U.S. software exports to China.

Long Story Short: Looks like, sometimes a little uncertainty and little consolidation is just what the market needs.

Hopefully, the much-awaited rebound happens next week as Nifty bulls aim to take over the positive baton from the super bullish Wall Street indices which came back roaring in Friday’s trade…

Weekly Recap:
Instruments LTP Weekly % Change
Nifty 25795 +0.33%
Sensex 84212 +0.31%
BankNifty 57700 (-0.62%)
Nifty Midcap 15660 +0.85%
India VIX 11.59 (-0.30%)

Dow 47207 +2.18%
Nasdaq 25358 +3.61%
Bovespa 146172 +1.93%

Crude Oil 62.01 +8.51%
Gold 4135 (-2.69%)
Silver 48.79 (-6.05%)
USD/INR 87.85 (-0.17%)

Here are how indices performed in the week gone by:

1) Nifty (+0.33%) gained for the 4th consecutive week and is now way above its 21 DMA (25222), 50 DMA (25035) and its 100 DMA (25030). Nifty’s 200 DMA at 24269 mark.

Please note, Nifty has surged 4.81% in October so far.

2) Bank Nifty (-0.65%) was seen mirroring Nifty’s consolidative action. But the positive takeaway was that Bank Nifty scaled fresh all-time-high at 58577.50 mark.

Bank Nifty’s 200-DMA is at 53608 mark.

3) Nifty Private Bank index inched 0.34% higher while Nifty PSU Bank index gained 2.34% higher.

4) The broader markets however traded with positive bias with Nifty Mid-cap 50 index gaining +0.85% while the Nifty Small-cap index ended 0.72% higher.

Bullish Sectors:

Nifty IT (+2.96%)
Nifty Metal (+1.45%)
Nifty Media (+1.35%)
Nifty Oil & Gas (+1.10%)
Nifty Realty (+0.77%)
Nifty Energy (+0.65%)
Nifty Infra (+0.63%)
Nifty Pharma (+0.47%)

Bearish Sectors:

Nifty FMCG (-0.47%)
Nifty Auto (-0.44%)

STOCK SPECIFIC NEWS:

1) Federal Bank (+7.07%) gained after board approves capital raise proposal worth Rs 6,196.51 crore. The bank’s board approved a proposal to grant 27.29 crore warrants at a price of Rs 227 apiece to Asia II Topco XIII, amounting to a total cash consideration of Rs 6,196.51 crore.

2) Cipla (+0.43%) consolidated after the company announced that it has entered into an agreement with Eli Lilly to distribute tirzepatide in India under the brand name Yurpeak. The drug, indicated for the treatment of type 2 diabetes and obesity, will be priced at par with Eli Lilly’s Mounjaro.

3) Hindustan Unilever Ltd (HUL) plunged 3.35% after the firm posted a 4% year-on-year rise in consolidated net profit for Q2 FY26 to Rs 2,694 crore, but aided by a one-off tax gain.

4) Infosys (+5.85%) jumped after promoters and promoter group, including Nandan M Nilekani and Sudha Murty, decided not to participate in the company’s Rs 18,000 crore share buyback.

5) Epack Prefab Technologies (+34.29%) gained after the company’s consolidated net profit surged 104.2% to Rs 29.47 crore on 61.9% increase in net sales to Rs 433.94 crore in Q2 FY26 over Q2 FY25.

5) Bharat Electronics (BEL) rose 2.24% after the company has announced that it has secured order valued at Rs 633 crore from Cochin Shipyard.

6) Reliance (+2.46%) gained post its robust Q2. RIL Q2FY26 results: Net profit rose 14% to ₹22,092 crore, revenue up 10%

7) HDFC Bank (-0.76%) consolidated post its Q2 net profit which rose 11% YoY to Rs 18,641 crore; asset quality improves, comfortably surpassed Street estimates. Asset quality improved on a yearly basis.

8) ICICI Bank (-4.10%) tumbled post its Q2 net profit which rose to Rs 12,359 crore, driven by lower provisions and strong core performance.

9) UltraTech Cement (-3.65%) plunged post its Q2 net profit which jumped 75% on-year to Rs 1,232 crore, announces Rs 10,255 crore for capacity expansion

10) PNB (+2.85%) gained after the it reported a 14% year-on-year rise in net profit for the September quarter, supported by steady business growth, improved asset quality, and robust digital adoption. PNB’s net profit rose to ₹4,904 crore, up from ₹4,304 crore in the year-ago period.

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

HINDALCO (+6.68%)
SHRIRAM FINANCE (+5.91%)
INFOSYS (+5.85%)
BAJAJ FINANCE (+3.64%)
AXIS BANK (+3.47%)

And the losers were:

ETERNAL (-4.68%)
ICICI BANK (-4.10%)
ULTRATECH CEMENT (-3.65%)
ADANI PORT (-3.41%)
HUL (-3.35%)

WHAT’S NEXT FOR NIFTY?

Nifty is likely to the start the week on a positive note as investors shall welcome a softer-than-expected US inflation report that strengthened expectations for Fed rate cuts.

The US CPI inflation data also suggested that tariff-related inflationary pressures remain contained for now.

The biggest event for next week will be monetary policy decisions, with Federal Reserve’s FOMC heading into meeting on October 28-29th without its usual data due to the US government shutdown

The street is fully pricing in another 25bps rate cut, which would bring the federal funds rate to a target range of 3.75%–4%.

Near-term cues to watch include Q2 earnings,

 Monday (October 27): Indian Oil Corporation, Adani Energy Solutions, Indus Towers, and SRF.

 Tuesday (October 28): TVS Motor Company, Adani Green Energy, Tata Capital, and Shree Cements.

 Wednesday (October 29): Larsen & Toubro, Coal India, Hindustan Petroleum Corporation, and United Breweries.

 Thursday (October 30): ITC, Pidilite Industries, Cipla, Canara Bank, and Dabur India.

 Friday (October 31): Maruti Suzuki India, Bharat Electronics, Shriram Finance, Godrej Consumer Products, and ACC.

On the technical front, the Nifty will look to defend support at 25450 while on the upside targets remain at Nifty’s all-time-high at 26277.35 mark and then aggressive targets at psychological 27000 mark.

The broader market undertone stays constructive, aided by a steady pickup in foreign institutional inflows (FII) and sustained domestic investor participation.

Bottom-line: Well, the only thing which could glitter brighter than Gold and Silver could be the Nifty index – confirmation of strength only above Nifty 26277.35 mark.

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.

Nifty will aim clear skies in a truncated Diwali week.

Please note that there are only 3 trading sessions for the week ahead as our stock markets will remain closed on Tuesday, October 21st and Wednesday, October 22nd on account of Diwali Celebrations.

Dalal Street enters the new week with a measured sense of optimism, as focus continues to be on the Q2 earnings season.

Hopefully, Reliance should lead from the front on backdrop of spectacular Q2.

The street will also react to Q2 results from HDFC BANK, ICICI BANK, ULTRATECH CEMENT and PNB which trickled in on Saturday, October 18th.

On the technical front, the Nifty will look to defend support at 25300 while on the upside targets remain at Nifty’s all-time-high at 26277.35 mark and then aggressive targets at psychological 28000 mark.

The broader market undertone stays constructive, aided by a steady pickup in foreign institutional inflows (FII) and sustained domestic investor participation.

The good news is that President Trump told reporters that current tariffs on China were “not sustainable” and confirmed plans to meet with President Xi Jinping

Key Earnings on Radar

The earnings calendar promises to be eventful:

Thursday, October 23 – HUL, COLPAL, LARUS LAB

Friday, October 24 – SBI LIFE, DR REDDYS LAB, SBI CARD, COFORGE,

Saturday, October 25 – KOTAK MAHINDRA BANK

With global cues in flux and a dense corporate results calendar ahead, the coming week is likely to see stock-specific action dominate trading patterns. Investors may find opportunities in quality names where earnings visibility remains robust — while maintaining a balanced, risk-aware stance.

Bottom-line: Well, the only thing which could glitter brighter than Gold and Silver could be the Nifty index – confirmation of strength only above Nifty 26277.35 mark.

The Nifty options data suggests Nifty is likely to be in a trading range of 24000-26000 zone. Maximum Call OI is at 26000 followed by 26500 strike prices. 26000 mark is now Nifty’s major resistance zone on closing basis. Maximum Put open interest stands at 25000 levels followed by 25500 levels. Call writing was seen at 25900 and then at 26000 strike price, while there was meaningful Put writing at 25300 and then at 25400 strike prices.

Price Forecast:

Nifty CMP (25710)
Support : 25300/24851
RESISTANCE: 26000/26500
RANGE: 25511-26000
200 DMA: 242301
Nifty PCR: 1.06
BIAS: Positive

Bank Nifty CMP (57713)
Support: 56800/55000
RESISTANCE: 59000/60700
RANGE: 56900-58650
200 DMA 53472
BankNifty PCR: 1.16
BIAS: Positive

Preferred trade for the week:

Nifty (25710): Buy at CMP. Targets at 26000/26277. Aggressive targets at 26500 zone. Stop at 25299.

TOP SECTORS

Bullish Sectors: BANKS, AUTO, FMCG, DEFENCE

Bearish Sector: IT, MEDIA

STOCKS IN FOCUS:

BULLISH VIEW: HDFCBANK, BEL, SBIN, IDFCFIRSTB, BHARTIARTL, M&M, HAL, HUL, TRENT, TVSMOTOR, EICHERMOT, BAJFINANCE, MARUTI, BRITANNIA

BEARISH VIEW: INFY, POLICYBZR, BHARATFORGE, DMART, KEI, MPHASIS, POLYCAB, OFSS, HDFCAMC, TIINDIA, DIXON, SHREECEM

CHART OF THE WEEK: Thyrocare Technologies

Thyrocare Technologies
(BSE: 539871 / NSE: THYROCARE) BUY
CMP 1244
Target Price 1701
Stop 977
52 Week H/L 1470/658
P/E 51.70
EPS (TTM) 29.90
Promoters/FIIs/DIIs//Public 71.06%/4.85%/13.47%/10.61%
Book Value 101
Market Cap (INR) 6599

Company Overview

• Thyrocare Technologies Ltd. is a diagnostics & preventive healthcare services company, headquartered in Navi Mumbai, India. Founded in 1996 by Dr. A. Velumani, the company operates a centralised processing laboratory (“CPL”) in Mumbai and multiple regional labs across India, offering technology-driven pathology and imaging tests (e.g., CLIA, HPLC, LC-MS). The business model combines franchise/partner network collection centres + own processing labs + tie-ups with hospitals/diagnostic centres. The company is now part of the broader diagnostics ecosystem (notably linked with PharmEasy (India) Private Limited / API Holdings as parent context).

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Key Strengths & Competitive Advantages

• Strong network & scale in diagnostics: Thyrocare has a large pool of collection centres via its franchise/partner model, and a centralised lab model that helps drive economies of scale and faster turnaround. For example, in Q1 FY26 the number of franchisees exceeded ~9,500.
• Growth in non-metropolitan regions: By expanding into tier-2/3 cities and underserved geographies, Thyrocare taps growth beyond saturated metros. Q1 FY26 saw new labs in Bhagalpur, Kashmir, Roorkee.
• Business mix evolution: Growth from both franchise revenues (+20 % YoY) and partnerships (+36 % YoY) shows diversified channel strength.

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Risks & Challenges

• Competition & fragmentation: The Indian diagnostics market is highly fragmented with local labs, hospital chains and new players (D2C, online collection). Keeping margins and brand differentiation will be a challenge.
• Franchise/partner dependency: The business model relies heavily on collection centres operated by third parties; risks include churn, quality control, compliance, and logistical network issues. For example churn was mentioned.

Key Financial Results (Q1 FY26):

Metric Q1 FY26 Q1 FY25 YoY Change
Revenue from Operations ₹193.03 crore ₹156.91 crore +23%
Gross Margin ₹137.40 crore (71%) ₹111.46 crore (71%) +23% absolute, margin stable

Profit After Tax (PAT) ₹38.06 crore ₹23.47 crore +62%
PAT Margin 20% 15% +500 bps
Tests Processed 46.9 million tests 40.8 million tests +15%
Active Franchisees 9,500+ 8,145 +17%

Summary & Technical Outlook:

Thyrocare is showing a strong start to FY26 with healthy double-digit growth in revenue, improved margins, and solid expansion of its franchise/partner network. The stock at the moment is witnessing massive bullish consolidation and aiming to breakout on the long-term charts and that’s on backdrop of one way up move since April 2025 low at Rs 685. Major supports are now placed at 1125-1150 zone. The 200 DMA is placed at 1478 levels.

Preferred Strategy: Look to buy at CMP, and on dips between 1100-1150 zone, targeting 1500/1651, and then aggressive targets at 1750-1800 zone. Stop below 977. 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.

September 13th to October 17th

Before we start, here is a Wishing All Our Readers a Prosperous Dhanteras!

On this Dhanteras, let conviction compound and optimism shine bright — Happy Investing!”

Happy Dhanteras & Happy Investing!

Nifty (+1.68%, 25710)
Sensex (+1.76%, 83952)
Bank Nifty (+1.95%, 57713)

Well, festive cheer swept through Dalal Street in the week gone by, with the Nifty clocking gains for the third straight week.

That brings us to our call of the week which suggests, “Diwali comes early at Dalal Street — We believe Nifty Bulls are likely to Keep the Bullish Momentum Alive with all eyes on Nifty 26277.35 mark.

Animal Spirits are revived amidst positive catalysts like:

1) PM Modi–President Trump Talks continue to ignite trade tariff optimism.

2) Comments from Fed Chair Powell who has reinforced expectations for an October rate cut and hinted at a possible pause in balance sheet runoff.

3) Global tailwinds, especially strong Wall Street cues.

4) Fading trade war fears

5) WTI crude oil futures stayed depressed near $58.60 per barrel, near its five-month low as investors weighed escalating US-China tensions and a bearish outlook from the International Energy Agency.

6) The optimism is underpinned by strengthening rate-cut bets, driven by policy signals from the Reserve Bank of India (RBI)

Long Story Short: Dalal Street Cheers! Nifty ends the week on a high note, promising to prevail in the week ahead.

Weekly Recap:
Instruments LTP Weekly % Change
Nifty 25710 +1.68%
Sensex 83952 +1.76%
Bank Nifty 57713 +1.95%
Nifty Midcap 15529 (-0.19%)
India VIX 11.66 +15.07%

Dow 46191 +1.56%
Nasdaq 24818 +2.46%
Bovespa 143399 +1.93%

Crude Oil 57.47 (-2.42%)
Gold 4248 +5.71%
Silver 51.97 +3.21%
USD/INR 87.99 (-0.87%)

Here are how indices performed in the week gone by:

1) Nifty (+1.68%) gained for the 3rd consecutive week and is now way above its 21 DMA (25114), 50 DMA (24930) and its 100 DMA (24986). Nifty’s 200 DMA at 24230 mark.

2) Bank Nifty (+1.95%) was seen mirroring Nifty’s rebounding action and the positive takeaway was that it scaled fresh all-time-high at 57830.20 mark.

Bank Nifty’s 200-DMA is at 53472 mark.

3) Nifty Private Bank index gained 1.72% higher while Nifty PSU Bank index slipped 0.74% lower.

4) The broader markets however remained sluggish with Nifty Mid-cap 50 index gaining -0.19% while the Nifty Small-cap index ended -0.06% lower.

Bullish Sectors:
Nifty Reality (+4.14%)
Nifty FMCG (+3%)
Nifty Auto (+1.9%)
Nifty Infra (+1.70%)
Nifty Oil & Gas (+0.27%)
Nifty Pharma (+0.16%)
Nifty Energy (+0.0%)

Bearish Sectors:
Nifty Media (-2.7%)
Nifty IT (-1.85%)
Nifty Metal (-0.61%)
Nifty PSE Index (-0.27%)

STOCK SPECIFIC NEWS:

1) LG Electronics made a stellar market debut, listing at nearly 50% above its issue price, reflecting strong investor appetite for a high-quality consumer durables brand with strong brand equity, scale, and profitability.

2) Tech Mahindra (-0.66%) slips after Q2 PAT climbs 5% QoQ to Rs 1,194 cr. Tech Mahindra reported a 4.73% jump in consolidated net profit to Rs 1,194.50 crore on 4.82% increase in net sales to Rs 13,994.90 crore in Q2 FY26 over Q1 FY26.

3) HDFC Life (-0.18%) slipped in yesterday’s trade after its Q2 Consolidated PAT Rose 3% YoY to ₹448 Crore; Net Premium Income Grew 14%

4) HDFC AMC (+3.54%) gained after the firm announced its first-ever 1:1 bonus issue, alongside a strong set of Q2 results. Net profit surged 24.6% YoY to ₹718.43 crore for Q2 FY26, compared to ₹576.61 crore in the year-ago period.

5) Persistent Systems (+7.43%) rallied after its Q2 results beat Street estimates. Robust growth in its key BFSI and healthcare verticals led +4.4% CC revenue growth QoQ (vs Est: +3.9% QoQ). And the cherry on top: Persistent also reported its highest-ever total contract value at $609 million; +15% YoY.

6) Wipro (-3.14%) slipped after reporting a 2.53% sequential decline in consolidated net profit to ₹3,246.2 crore, despite a 2.54% increase in revenue to ₹22,697.3 crore in Q2 FY26 over Q1 FY26.

7) Infosys fell 4.87% even as the company posted a 6.4% rise in consolidated net profit to ₹7,364 crore on a 5.2% increase in revenue to ₹44,490 crore in Q2 FY25, compared to the previous quarter.

8) Zee Entertainment Enterprises declined 5.43% after its consolidated net profit slumped 63.47% YoY to ₹76.5 crore, with total income down 1.57% to ₹1,969.2 crore in Q2 FY26. The sharp drop was attributed to lower advertising revenue, partially offset by higher subscription income.

9) JSW Steel Q2 PAT zooms 270% YoY to Rs 1,623 cr. JSW Steel reported a massive 269.7% surge in consolidated net profit to Rs 1,623 crore in Q2 FY26, compared to Rs 439 crore in the corresponding period last year.

10) Reliance delivers robust Q2. RIL Q2FY26 results: Net profit rose 14% to ₹22,092 crore, revenue up 10%

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

NESTLE (+7.50%)
ASIAN PAINTS (+7.16%)
M&M (+5.57%)
ADANI PORTS (+4.97%)
BAJAJ FINANCE (+4.52%)

And the losers were:

INFOSYS (-4.87%)
TATA MOTORS (-3.51%)
WIPRO (+3.14%)
TCS (-2.10%)
ETERNAL (-1.62%)

WHAT’S NEXT FOR NIFTY?

Dalal Street enters the new week with a measured sense of optimism, as focus continues to be on the Q2 earnings season.

Hopefully, Reliance should lead from the front on backdrop of spectacular Q2.

The street will also react to Q2 results from HDFC BANK, ICICI BANK, ULTRATECH CEMENT and PNB which trickled in on Saturday, October 18th.

On the technical front, the Nifty will look to defend support at 25300 while on the upside targets remain at Nifty’s all-time-high at 26277.35 mark and then aggressive targets at psychological 28000 mark.

The broader market undertone stays constructive, aided by a steady pickup in foreign institutional inflows (FII) and sustained domestic investor participation.

The good news is that President Trump told reporters that current tariffs on China were “not sustainable” and confirmed plans to meet with President Xi Jinping

Key Earnings on Radar

The earnings calendar promises to be eventful:

Thursday, October 23 – HUL, COLPAL, LARUS LAB

Friday, October 24 – SBI LIFE, DR REDDYS LAB, SBI CARD, COFORGE,

Saturday, October 25 – KOTAK MAHINDRA BANK

With global cues in flux and a dense corporate results calendar ahead, the coming week is likely to see stock-specific action dominate trading patterns. Investors may find opportunities in quality names where earnings visibility remains robust — while maintaining a balanced, risk-aware stance.

Bottom-line: Well, the only thing which could glitter brighter than Gold and Silver could be the Nifty index – confirmation of strength only above Nifty 26277.35 mark.

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.

Trump’s tariff scare has taken the centre stage yet again!

The US President Donald Trump on Friday announced an additional 100% tariff on Chinese imports, raising total US duties to around 130%, which will be in effect from November 1.

The action is one of the most major escalations in US-China trade tensions since the 2018 tariff war. Washington’s move responds to China’s stringent restrictions on rare-earth exports, which are vital for the US defence, clean-energy, and technology sectors.

The result: Wall Street cracked hard; tumbling nearly 2% in Friday’s session. Hence, it seems to be an indirect message to India as well that no deal with America is a final-deal. It may worsen any moment.

Hence, it is going to be a cautious week ahead.

On the technical front, the Nifty will look to defend support at 25000 while 25670 remains a critical resistance zone.

The broader market undertone stays constructive, aided by a steady pickup in foreign institutional inflows (FII) and sustained domestic investor participation.

However, traders should remain alert to short-term volatility, as fluctuations in U.S. bond yields or commodity prices could lead to intermittent profit-taking phases.

Any unexpected moves on these fronts could influence foreign fund flows and currency stability, thereby impacting Indian equities.

Key Earnings on Radar

The earnings calendar promises to be eventful:

October 11 – Avenue Supermarts (DMart).

October 13 – HCL Technologies.

October 14 – ICICI Lombard, ICICI Prudential, Persistent Systems, and Tech Mahindra.

October 15 – Axis Bank, HDFC AMC, and HDFC Life.

October 16 – Heavyweights Infosys, Jio Financial, LTIMindtree, Mastek, Nestlé India, Wipro, and Zee Entertainment.

October 17 – Reliance Industries, the centerpiece of the earnings season.

With global cues in flux and a dense corporate results calendar ahead, the coming week is likely to see stock-specific action dominate trading patterns. Investors may find opportunities in quality names where earnings visibility remains robust — while maintaining a balanced, risk-aware stance.

Bottom-line: The only thing which could glitter brighter than Gold and Silver could well be the Nifty index – confirmation of strength only above Nifty 25670 mark.

The Nifty options data suggests Nifty is likely to be in a trading range of 24000-26000 zone. Maximum Call OI is at 26000 followed by 25500 strike prices. 25500 mark is now Nifty’s major resistance zone on closing basis. Maximum Put open interest stands at 24000 levels followed by 25000 levels. Call writing was seen at 25100 and then at 25300 strike price, while there was meaningful Put writing at 24500 and then at 24600 strike prices.

Price Forecast:

Nifty CMP (25285)
Support : 24951/24560
RESISTANCE: 25670/26277
RANGE: 24988-25541
200 DMA: 24189
Nifty PCR: 1.07
BIAS: Neutral

Bank Nifty CMP (56610)
Support: 55200/53800
RESISTANCE: 57500/59000
RANGE: 55300-57350
200 DMA 53326
BankNifty PCR: 1.12
BIAS: Neutral

Preferred trade for the week:

Nifty (25285): Buy between 25075-25125 zone. Targets at 25337/25670. Aggressive targets at 26277 zone. Stop at 24489.

TOP SECTORS

Bullish Sectors: BANKS, METALS,

Bearish Sector: IT, MEDIA,

STOCKS IN FOCUS:

BULLISH VIEW: SAMMAANCAP, FEDERALBNK, CIPLA, JIOFIN, BEL, MARUTI, INDHOTEL, L&T, CDSL, POLYCAB, PGEL, NYKAA, HUDCO, ULTRACEMCO, DIXON< AMBER

BEARISH VIEW: TATAELXSI, TCS, MAZDOCK, UNOMINDA, PNBHOUSING, OFSS, SOLARINDS, SIEMENS, MPHASIS, PAGEIND.

CHART OF THE WEEK: Buy Cholamandalam Investment & Finance (CHOLAFIN)

Cholamandalam Investment & Finance BUY
CMP 1614
Target Price 1901
Stop 1403
52 Week H/L 1683.65/1167.60
P/E 30.5
EPS (TTM) 52.93
Promoter Holding/FIIs/DIIs/FIIs/Public 49.90%/27.96%/16.05%/6.07%%
Book Value 281
Market Cap (INR) 135819 crores

Incorporated in 1978, Cholamandalam Investment & Finance (Chola) is a financial services arm of the Murugappa Group. The Murugappa Group is a heritage business house based in Chennai, with interests spanning agriculture, engineering, financial services and more.

Chola began as an equipment finance company, and over time evolved into a diversified NBFC offering a range of lending products like, Vehicle Finance (a core pillar of its portfolio), home loans, home equity loans, SME loans, customer durables loans, gold loans, investment advisory services, stock broking and various other financial services to customers. Chola operates from 2481 touch points across India, with assets under management above INR 207663 Crores.

Chola operates through a vast distribution network — 1,600+ branches across India (various states & union territories) and serves over 43 lakh+ customers. Its Assets Under Management (AUM) tops ₹2.05 lakh crore+

Key Strengths & Competitive Advantages

1) Strong brand & parent backing: Part of the Murugappa group gives trust, governance, and financial backing.

2) Diversified product suite: Not dependent on a single vertical; can balance segments.

3) Extensive branch network: Helps reach underserved markets where competition is lower and yields higher.

4) Focus on used / small commercial vehicles & rural SMEs: A niche where many NBFCs have lower presence.

Risks / Challenges: Credit risk / NPAs: Being a finance company, asset quality is a perennial risk — especially in downturns or with stress in commercial vehicle / SME segments.

Key Financial Results (Q1 FY26):

Total AUM as of 30th Jun 2025 was at ₹ 2,07,663 Cr (Up by 23% YoY)
Net Income for the quarter was at ₹ 3,864 Cr (Up 27% YoY)
PAT for the quarter was at ₹ 1,136 Cr (Up by 21% YoY)
The Capital Adequacy Ratio (CAR) of the company as of 30th June 2025, was at 19.96% as against the regulatory requirement of 15%.

Technical Outlook: The stock at the moment is witnessing massive bullish consolidation and aiming to breakout on the long-term charts and that’s on backdrop of one way up move since December 2024 2025 low at Rs 1168.

Major supports are now placed at 1475-1500 zone. The 200 DMA is placed at 1478 levels. The recent sequence of higher high/low is intact on the daily and weekly charts time frames. A move above all-time-high at 1684 is likely to lift the stock to new uncharted territories.

Preferred Strategy: Look to buy at CMP, and on dips between 1500-1525 zone, targeting 1685/1751, and then aggressive targets at 1950-200 zone. Stop below 1403. Holding Period 9-12 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.

September 6th to October 10th

Nifty Bulls in Action for 2nd Straight Week — Animal Spirits Revived on Dalal Street as PM Modi–President Trump Talks Ignite Optimism.

The ray of hope actually revived renewed risk appetite and the conviction-driven buying propels Nifty races towards 25300, and Sensex towards 82501 mark. Bank Nifty too joins the conga-line.

Nifty (+1.57%, 25285)
Sensex (+1.59%, 82501)
Bank Nifty (+1.84%, 56610)

Well, investors have reason to cheer as Nifty ended the week with a decisive gain, signalling that bullish momentum could steadily become the new normal at Dalal Street.

Our call of the week highlights that the phase of turbulence and uncertainty has ended. The optimism is underpinned by strengthening rate-cut bets, driven by policy signals from:

1. The Reserve Bank of India (RBI)
2. The U.S. Federal Reserve (Fed)

Long Story Short: The upcoming 2nd quarter qualifies as a period of bullish normalcy. That should definitely delight and make investors happy!

The Good News: Bank Nifty has begun to outperform, signaling that substantial rate cuts are on the horizon.

Amidst this bullish backdrop, Nifty bulls are now setting sights on its all-time-high at 26277.35 mark, with immediate goal post placed at 25670 mark.

Key Snippets & Highlights:

1) Tata Capital’s IPO closed with subscription ~1.95× (i.e. ~1.95 times of shares offered) in total.

2) LG Electronics India IPO subscribed 54.02 times. The offer received bids for 385.33 crore shares as against 7.13 crore shares on offer. The total bid amount stood at Rs 4.4 lakh crore, making it the most subscribed IPO in terms of value.

Weekly Recap:
Instruments LTP Weekly % Change
Nifty 25285 +1.57%
Sensex 82501 +1.59%
Bank Nifty 56610 +1.84%
Nifty Midcap 16615 +2.56%
India VIX 10.10 +0.42%

Dow 45480 (-2.73%)
Nasdaq 24222 (-2.27%)
Bovespa 140680 (-2.44%)

Crude Oil 58.89 (-3.25%)
Gold 3991 +2.72%
Silver 50.05 +4.32%
USD/INR 88.71 (-0.02%)

Here are how indices performed in the week gone by:

1) Nifty gained for the 2nd consecutive week and is now way above its 21 DMA (25055), 50 DMA (24861) and its 100 DMA (24957). Nifty’s 200 DMA at 24189 mark.

2) Bank Nifty (+2.21%) was seen mirroring Nifty’s rebounding action and the positive takeaway was that its technical landscape has now improved considerably.

Bank Nifty’s 200-DMA is at 53326 mark.

3) Nifty Private Bank index gained 2.22% higher while Nifty PSU Bank index zoomed 1.48% higher.

4) The broader markets too joined the conga-line of rising optimism with Nifty Mid-cap 50 index gaining 3.86% while the Nifty Small-cap index gained 1.43%.

Bullish Sectors:
Nifty IT (+4.89%)
Nifty Reality (+2.35%)
Nifty Pharma (+2.12%)
Nifty Oil & Gas (+0.82%)
Nifty FMCG (-0.37%)
Nifty Energy (+0.05%)
Nifty Infra (+1.21%)

Bearish Sectors:
Nifty Media (-2.69%)
Nifty Metal (-0.15%)
Nifty Auto (-0.12%)
Nifty PSE Index (-0.06%)

STOCK SPECIFIC NEWS:

1) Cipla (+2.91%) was key top outperformer in Nifty Pharma space. Natco Pharma shares jumped 2.83%.

2) JSW Steel (+0.53%) was seen consolidating despite reporting a solid operational performance. The company’s consolidated steel production in Q2 FY26 stood at 7.90 million tonnes, marking a 17% YoY growth from 6.77 million tonnes in Q2 FY25.

3) TCS, India’s largest IT services organisation, reported a 1.4% rise in consolidated net profit to Rs 12,075 crore during July-September quarter, driven by comprehensive growth across sectors, notably in Banking, Financial Services and Insurance.

Quarter-on-quarter analysis showed a 5.3% decrease in profit, whilst revenue grew by 3.7%. The company reported Total Contract Value (TCV) of $10 billion for the second quarter.

4) Tata Steel (+0.38%) gained after the company’s India crude steel production surged 7% to 5.67 million tons in Q2 FY26 compared with 5.28 million tons in Q2 FY25. (The growth was driven by the normalisation of operations following the completion of the relining of the G Blast Furnace at Jamshedpur. On a half-year basis, production increased 3% YoY to 10.9 million tons).

3) Tata Elxsi (+0.97%) was seen rebounding after it reported a 7.2% sequential rise in net profit to ₹154.8 crore for the quarter ended September 2025, compared with ₹144.4 crore in the previous quarter. (Revenue grew 2.9% quarter-on-quarter to ₹918.1 crore, while EBIT increased 4.7% to ₹169.9 crore).

4) SML Isuzu (-1.07%) slipped despite the company’s commercial vehicle production surged 21.55% YoY to 1,049 units in September 2025, compared with 863 units in September 2024 — reflecting steady demand momentum in the CV segment.

5) Lodha Developers (+2.41%) gained after reporting Q2 FY26 pre-sales of ₹4,570 crore, a 6.53% YoY rise over ₹4,290 crore in Q2 FY25 — suggesting growth moderation and some profit-booking at higher levels.

6) LTIMindtree (+6.87%) gained after announcing its largest-ever strategic deal — a multi-year partnership with a global media and entertainment major. The deal is expected to strengthen the company’s position in the digital transformation space.

4) Indraprastha Gas (+3.4%) IGL surged after reports suggested the tax on gas sourced from Gujarat may be reduced to 2% from 15%, driving optimism around margin improvement.

5) Vodafone Idea (+2.43%) zoomed higher on hopes of AGR relief ahead of the British Prime Minister’s visit to India, fuelling fresh momentum in the stock.

6) Nykaa (+10.58%) jumped after upbeat Q2 update; GMV growth seen “in thirties” amid strong festive demand in beauty & fashion.

7) DMart (-2.22%) slipped as Q2 topline growth of 15.4% lagged expectations despite a low base.

8) Fortis Healthcare (+8.15%) rallied after SEBI finally cleared IHH Healthcare’s long-pending open offer — a key overhang removed.

9) Aditya Birla Fashion (-5.46%) plunged as Flipkart reportedly exited its 5.9% stake via block deal, seen as a clean-slate move.

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

MAX HEALTHCARE +8.16%
HCL TECH +7.32%
ETERNAL +6.04%
INFOSYS +4.72%
TCS +4.36%

And the losers were:

TATA MOTORS (-5.19%)
TRENT (-2.59%)
HDFC LIFE (-1.57%)
ADANI ENTERPRISES (-1.51%)
TATA CONSUMER (-0.97%)

WHAT’S NEXT FOR NIFTY?

Well, Nifty is likely to start Monday’s trade on a nervous note after Wall Street fell off a cliff in Friday’s trading amidst President Donald Trump’s dire warning on China with threats of a “massive” tariff hike on Chinese goods and suggested he might cancel his upcoming meeting with President Xi Jinping.

Uncertainty surrounding the ongoing US government shutdown – which will delay a key inflation update – did little to shift sentiment.

Meanwhile, Dalal Street enters the new week with a measured sense of optimism, as focus shifts firmly to the Q2 earnings season.

On the technical front, the Nifty will look to defend support at 25000 while 25670 remains a critical resistance zone.

The broader market undertone stays constructive, aided by a steady pickup in foreign institutional inflows (FII) and sustained domestic investor participation.

However, traders should remain alert to short-term volatility, as fluctuations in U.S. bond yields or commodity prices could lead to intermittent profit-taking phases.

Any unexpected moves on these fronts could influence foreign fund flows and currency stability, thereby impacting Indian equities.

Key Earnings on Radar

The earnings calendar promises to be eventful:

October 11 – Avenue Supermarts (DMart).

October 13 – HCL Technologies.

October 14 – ICICI Lombard, ICICI Prudential, Persistent Systems, and Tech Mahindra.

October 15 – Axis Bank, HDFC AMC, and HDFC Life.

October 16 – Heavyweights Infosys, Jio Financial, LTIMindtree, Mastek, Nestlé India, Wipro, and Zee Entertainment.

October 17 – Reliance Industries, the centerpiece of the earnings season.

With global cues in flux and a dense corporate results calendar ahead, the coming week is likely to see stock-specific action dominate trading patterns. Investors may find opportunities in quality names where earnings visibility remains robust — while maintaining a balanced, risk-aware stance.

Bottom-line: The only thing which could glitter brighter than Gold and Silver could well be the Nifty index – confirmation of strength only above Nifty 25670 mark.

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.

The big question: Will India really benefit from any tariff deal with USA?

The India-US interim trade deal remains elusive with less than a week to go before the July 9 reciprocal tariff pause runs out. According to a government official, Indian negotiators returned Friday, adding that the negotiations are not contingent on any specific date and that both countries will sign a deal only if it is mutually beneficial.

Amidst this backdrop, expect volatility to be the hallmark for the week ahead.

Also, commanding attention outside of the equities market is the speculation that President Donald Trump could name a replacement for Federal Reserve Chair Jerome Powell sooner rather than later.

Focus will also be on the release of the FOMC minutes, as traders look for further clarity on the Fed’s policy direction for the rest of the year. Fed Chair Powell has maintained a cautious, wait-and-see stance.

Back at home, Q1 earnings season is gearing up with TCS officially setting afire the ceremonial starter’s pistol of Q1 earnings. Of late, India’s GDP growth is again turned towards north. Not only that, the inflation has also come down drastically as we are at a five or a six-year low. RBI is expected to deliver more rate cuts in 2025. Hence, net-net we may see improving numbers in Q1FY25 when compared to Q4 FY25 marginally.

Apart from earnings, the IPO market will remain hot as well where Travel Food Services IPO opens for subscription on July 7, 2025 and closes on July 9, 2025. The allotment for the Travel Food Services IPO is expected to be finalized on Thursday, July 10, 2025. Travel Food Services IPO will be listed on BSE, NSE with a tentative listing date fixed as Monday, July 14, 2025.

Technically, Nifty forms a small bearish candle on the weekly charts, indicating tough resistance to continue at recent highs at 25669 area.

Aggressive upside bullish targets still continue to be at Nifty’s all-time-high at 26277.35 mark but that said, confirmation of strength only above Nifty 25700 mark.

Meanwhile, the biggest interweek support for Nifty will be at 25000 (low as on June 24th).

Long Story Short: Nifty’s bullish constructive stance only above 25670 mark Until then caution should be the buzzword

The Nifty options data suggests Nifty is likely to be in a trading range of 24500-26500 zone. Maximum Call OI is at 26000 followed by 25500 strike prices. 26000 mark is now Nifty’s major resistance zone on closing basis. Maximum Put open interest stands at 25000 levels followed by 24500 levels. Call writing was seen at 25700 and then at 25900 strike price, while there was meaningful Put writing at 25500 and then at 25400 strike prices.

Price Forecast:

Nifty CMP (25461)
Support : 25000/24722
RESISTANCE: 25750/26277
RANGE: 25222-25699
200 DMA: 24090
Nifty PCR: 1.19
BIAS: Neutral

Bank Nifty CMP (57032)
Support: 56100/54700
RESISTANCE: 58888/60251
RANGE: 56100-58300
200 DMA: 52173
BankNifty PCR: 0.96
BIAS: Neutral

Preferred trade for the week:

Nifty (25461): Buy between 25355-25375 zone. Targets at 25741/26000. Aggressive targets at 26277 zone. Stop at 25199

TOP SECTORS

Bullish Sector: AUTO, METALS, IT, PHARMA

Bearish Sector: REALTY, MEDIA

STOCKS IN FOCUS:

BULLISH VIEW: HINDPETRO, IEX, SBIN, LUPIN, AUROPHARMA, AUBANK, BIOCON, DIVISLABS, SBICARD

BEARISH VIEW: UPL, TRENT, CONCOR, DMART, PIDILITE, PERSISTENT, CAMS, JSL, PGEL, SHREECEM

GULF OIL

Gulf Oil Lubricants is signalling a massive breakout!

Gulf Oil Lubricants (CMP 1267): Market Cap (Rs 6,245 Cr.)

Incorporated in the year 2008, Gulf Oil Lubricants is a part of the Hinduja Group, one of the world’s largest and most diverse business conglomerates with presence across 38 countries.

Gulf Oil Lubricants is engaged in the business of manufacturing, marketing and trading of automotive and non-automotive lubricants. It is among the top three lubricant companies in India. High domestic consumption, robust infrastructure creation and favourable demographics further fuel overall industry growth.

India’s lubricant market is likely to grow at a volume CAGR of 3% through 2032* . Among the top five major lubricants-consuming countries globally, India is the only one with strong lubricant demand growth potential. Over the next decade, despite the emergence of electric vehicles, lubricant consumption in India will continue to grow at a decent pace both in volume and value.

The Hinduja Group acquired Gulf Oil International Ltd in 1984. As on date, Market Capitalization of Gulf Oil India stock is Rs 6,245 Cr.

Gulf Oil Lubricants India Ltd. (GOLIL) reported a consolidated net profit of ₹92.19 crore for Q4 FY25, a 6.91% increase compared to ₹86.24 crore in the same quarter of the previous year. The company’s revenue from operations also saw a rise, reaching ₹952.74 crore, a 9.56% increase year-on-year.

Key Highlights:

• Revenue: ₹952.74 crore, up 9.56% YoY.
• Net Profit: ₹92.19 crore, up 6.91% YoY.
• EBITDA: Increased by 8.20% to ₹124.47 crore.
• EBITDA Margin: Increased by 11 basis points to 13.60%.
• Dividend: The board recommended a final dividend of ₹28 per equity share for FY25.
• Volume Growth: The company reported record Q4 volume sales, exceeding 39,500 kiloliters.
• Market Share: GOLIL increased its market share across key segments, with volume growth at twice the industry rate.

Other notable points:
• Gulf Oil Lubricants is a part of the Hinduja Group and a leading player in the Indian lubricants industry,
• The company is focusing on expanding its presence in the EV ecosystem through investments in Tirex Chargers and other companies.
• Gulf Oil is also investing in branding and marketing, including a major campaign featuring M.S. Dhoni.

Technically speaking, the stock is in bullish momentum on the long long-term charts with the 200 days Exponential Moving Average (EMA) currently at 1181 zone. The stock is signalling a massive breakout from a probable ‘higher consolidation zone’ on the monthly charts. The level of 1175-1185 zone will act as a strong support zone in the long term.

Preferred Strategy: Look to accumulate at CMP, and on dips between 1175-1185 zone, targeting 1333/1401 and then aggressive targets at psychological 1550 with stop below 1139. 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.
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