- 20 hours ago
The overall mood in tobacco stocks remains positive, supported by both news flow and technical strength, says expert.
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NewsTranscript
00:00Good afternoon, dear viewers. You're watching the Business Today show with me, Sakshi Patra.
00:03This is where I get you all the market-closing action on the LAL Street.
00:06First up, let's take a look at what's hot in the corporate and the financial world.
00:12Bulls take the charge on the LAL Street with a 1,000-point surge on the Sensex intraday.
00:17Strong Maruti earnings and Iran peace hopes drive the sentiments.
00:21Investors are richer by over 5 lakh crore rupees in the session today.
00:24All eyes are now on the Assembly exit polls.
00:31Vedanta surges over 4% in trade.
00:33Investors in a last-day rush to buy the stock before the de-merger on Friday, which is a market
00:39-closing day.
00:40Also, companies' Q4 profits nearly double year-on-year.
00:44Revenue surge 47%.
00:50Government considering a cap on airport bids to curb monopoly risks.
00:54This report also indicates one company can win a maximum of two bids in the next round of 11 airports.
01:00Markets now eye impact on Adani and GMR stocks.
01:08Sugar stocks rally up to 6% as the government clears draft norms for E85 and E100 fuels,
01:14boosting ethanol blending push, draft updates for petrol, biodiesel and hydrogen fuel standards.
01:25India's favourite Biscuit Parley G may finally be heading onto the Delal Street.
01:29Biscuit giant has reportedly started talks with top investment banks for a massive IPO.
01:34Formal plunge likely next month.
01:48We'll straightaway look at this breaking news, viewers.
01:50This is with regards to the crude oil prices.
01:52Once again, you are seeing the Brent crude prices surge past $115 a barrel in trade.
01:59It has hit a one-month high.
02:00This is right where Hormuz pessimism continues.
02:04Indian crude basket is now up at $112 a barrel.
02:08There's a big fall in the rupee, which has slipped 30 paise against the US dollar.
02:13Also, when we talk about the other asset classes, commodities, gold and silver have slipped in trade again
02:19on inflationary fears that are going to be springing up because of the rising crude oil prices right there.
02:25So, once again, there is news with regards to the rising crude oil prices that disturbs the street sentiments.
02:32But at this point in time, we are up at $24,187 onto the Nifty.
02:38We've slightly come off the day's highest point.
02:40Looking at what's happened on the crude oil prices, once again, the pressure is ebbing higher.
02:46And you can clearly see the Nifty cooling off from the day's high point right after this news as well.
02:52$115 a barrel for crude.
02:56Let's quickly welcome our guest on board.
02:58We have Aastha Jain, senior research analyst, Hame Securities, joining in to share with us a fresh take on the
03:03markets.
03:03Hi, Aastha.
03:04Good afternoon to you.
03:05Well, it was panning out to be a fantastic day of trade with no complaints.
03:08A broad-based rally, the Nifty, the Sensex, the Nifty Bank, all the sectors into the green.
03:13And massive rally, both in large caps as well as a lot of mid-cap names that are soaring high
03:18in trade as well.
03:19But of course, there is this overhang of the rising crude oil prices and the Hormuz, you know, state that
03:25continues to bring up all the uncertainty.
03:29Hi, good afternoon.
03:31Yes, because I think markets never like uncertainty.
03:33And what we have seen in the past also, whenever there are uncertain environments, definitely we have seen Nifty dragging
03:40towards southward direction.
03:42So, that is what we believe today, right now, the kind of news flow we are getting on the crude
03:48oil front is not very much, you know, positive for the markets.
03:52And hence, we have seen that markets have started showing off some signs of cooling off from its high.
03:58So, what should our investors do?
03:59I believe at this point of a time, just stay cautious.
04:02Don't take overnight positions because if crude rises to, you know, another $1 or $2 higher, then definitely it may
04:11lead to some sort of a negative impact on our equities market.
04:14And we can see that markets can show some sign of cooling off in the coming days as well.
04:20So, right now, the idea here is don't take overnight positions in the Nifty.
04:25This is, I'm talking about Nifty, but yes, sector-specific calls can be taken by the investor because right now
04:32we are very much bullish on two to three sector.
04:34Power is among them, followed by sugar stocks, as we know, on the basis of the news, these stocks can
04:41rally more from here.
04:43So, power, sugar, FMCG and pharma, these are some of the counters which are still looking good to us.
04:48All right, three to four sectors where Aastha has voted her confidence.
04:51The power, the sugar sector, FMCG and pharma, these are four sectors where she believes there is enough opportunity for
04:58investors to look at,
05:00although definitely be very cautious on the index level at this point in time.
05:04Well, let's take another big news that we are tracking for you viewers.
05:08This is with regards to India's food regulator FSSAI, which has proposed a major crackdown on plastic sachets used for
05:17paan masalas and gutka packaging.
05:18The draft rules suggest shifting to paper or to cellulose, tin or glass packaging while banning the multi-layered plastic
05:26and aluminium foil materials that are widely used by the industry right now.
05:31For more on this, I'm joined by my colleague Neetu Chandra Sharma, who's standing by to give us more details
05:36on the same.
05:37Hi, Neetu Graaf Noon.
05:38Well, this seems to be a big proposal that the government is looking at banning complete, you know, plastic sachets
05:45which are used for paan masalas and gutkas.
05:47But give me an understanding first.
05:48How big is the plastic problem here and what does it mean for both the industry and the consumers?
05:54Yeah, good afternoon, Sakshi.
05:56So, as far as the problem is concerned, it's a large problem.
05:59When you look at the scale and you look at the data, according to the government estimates,
06:04India generates about 3.3 million tons of plastic waste every year.
06:08And a big chunk of this comes from the packaging.
06:11Now, sachets are a key part of this problem.
06:13And the paan masala and chewing tobacco industry, they run on low-cost and single-use sachets.
06:18With billions of these are used every year across the, you know, urban and the rural markets.
06:23And these sachets are made of multi-layer plastic which, you know, combine different kind of materials.
06:29And this makes them almost impossible to, you know, recycle.
06:33And they often end up in the litter and the landfills.
06:36Now, the Central Pollution Control Board has several times, it has flagged that a multi-layer plastic
06:42has one of the toughest waste items to, you know, waste streams to manage.
06:45Now, what the food regulator has done and it is trying to do is to push the industry away from
06:52this kind of packaging.
06:53And the draft rules that you mentioned, they suggest moving to paper, cellulose and, you know, even tin and glass.
07:00So, as you just mentioned.
07:02So, for the industry, it is a big shift because sachets are very cheap and they are easy to transport.
07:07They keep the product safe as well.
07:09While moving away from this will increase, definitely increase the costs and require the change in the packaging line.
07:15So, it is going to impact the industry.
07:17And as far as the consumers are concerned, especially in the low price segments,
07:22this could definitely mean higher prices for fewer, you know, single-use ashes in the market.
07:27So, the environment intent is clear from the government side.
07:30But the transition will be disruptive for both the companies and the customers.
07:34Absolutely, Neetu.
07:35So, definitely in a push to save the environment, the government is proposing that the paan masala and the gutka
07:41industry
07:41moves away from the plastic or aluminium foil-based packaging,
07:45shift to cellulite, to tin, to other forms like paper.
07:49But this is going to be incurring big costs for the industry.
07:53And maybe the consumers may have to pay the price because ultimately the prices will get passed on if this
07:59proposal is agreed upon to as well.
08:02Thanks, Neetu, for getting us those details.
08:04But with regards to the tobacco story going, there's more breaking news coming in.
08:09There are reports now which are indicating that cigarette stocks are already lighting up the D Street.
08:14This is because we are seeing there is a report that is indicating that cigarette prices may be hiked in
08:19the month of May.
08:20Prices are likely to be hiked up to 17%.
08:23And there could be a hike across prices, across brands.
08:28And therefore, in the session today, viewers, you do see shares of ITC and Godfrey Phillips soaring up to 5
08:33% to 6% in the session today.
08:35This is with the news of price hikes coming in from the tobacco majors, the cigarette makers, ITC and Godfrey
08:43Phillips.
08:44In case there are reports, these are unconfirmed reports right now which are floating in onto the D Street.
08:49But that has already lifted the sentiments on the stock prices.
08:53Let me get in a word from Asta here to get me an understanding of how is she approaching these
08:58tobacco majors.
08:59On the one hand, there is a report that the government is proposing that the plastics be banned from paan
09:09masalas and good car manufacturers.
09:10On the other, there is a report that is indicating that there could be price hikes in cigarettes.
09:16How would you approach the entire tobacco stocks and the sector as a whole?
09:22So, look after Godfrey Phillips.
09:24It has shown a strong, strong momentum today.
09:26So, yes, we are liking this counter on the basis of news because I direct technicals also.
09:31So, if I see the technical analysis also, the kind of momentum we were seeing in this counter today is
09:37really, you know,
09:38it is overshadowing what this stock has shown in last 5 to 6 trading sessions move.
09:43So, definitely, Godfrey Phillips is looking very good to us.
09:46And today, it is the price action volume, price action with the volume, you know.
09:52Turnover is also seeing some sort of a rise in the turnover which we are seeing in this counter.
09:58So, altogether, this is a price action along with the volume which indicates further strength in the counter.
10:03Right now, it is quoting 2,276.
10:06My idea that it will go till the level of 2,350 to 2,400 in the coming days.
10:13So, one can make a fresh entry into this counter but at the lower level because today we have seen
10:17it has already jumped by 7 to 8%.
10:19So, at the lower level of around 2,250, one can enter into Godfrey Phillips with a stop loss of
10:252,120.
10:27And the targets, as I have already told you, 2,400, 2,450 can be seen on this counter.
10:31Okay, a strong volume led showing there on Godfrey Phillips today.
10:357.5% to 7.6% higher now at the day's high for the stock.
10:39What about ITC?
10:40Not just, you know, the cigarettes but there is a large aspect to ITC.
10:44It's a conglomerate which has a lot more, you know, FMCG products to handle as well.
10:49And you did mark out right in the beginning of the show that you like FMCG space as well.
10:54Where do you place ITC at this point?
10:56We've also seen a long-drawn consolidation and underperformance over the last few months on the stock.
11:02What would you do at this point and at this price point as well?
11:06So, in fact, ITC is also having a paper division.
11:10So, right now with the kind of news flow, we were talking about plastic sachets banning, etc.
11:15Definitely paper companies are also going to benefit.
11:18So, there are multifold aspects which ITC is carrying right now.
11:21And that is why investors are looking at it in a, you know, very strong manner.
11:27Now, if I talk about technicals, technicals are showing that it is overshadowing last 5 to 10 trading sessions more.
11:33Because today, it has jumped by a whopping 4%.
11:37So, kind of a stellar rally which we are seeing in ITC today, I think it will gonna stay here.
11:43So, right now, ITC, and as I have already mentioned that I am liking FMCG counter in which ITC, Bajaj
11:49Consumer, Tata Consumer,
11:50these are few counters which are looking very, very good to us.
11:53So, yes, ITC is also among those counters.
11:55Stay invested in the ITC.
11:57But I don't recommend Fresh Entry at this point of a time because now we are approaching near close trading
12:03session.
12:03So, just stay invested or hold your positions in the ITC with a stop loss of around 305.
12:09And the targets now can be seen at 330 to 332.
12:13Okay, fair point.
12:15Let's also shift focus viewers to the aviation space.
12:17We've been getting you all the news coverage around aviation now.
12:21The government may be looking at capping the number of airports a single company can actually win
12:26in the upcoming privatization round.
12:28And this is a move that could directly impact the Adani Group as well as GMR's aggressive export airport expansion
12:34that we've actually seen so far in the country.
12:37With 11 new airports that are set to go under the hammer,
12:41the proposed framework aims to prevent excessive market concentration in the aviation sector.
12:47For more on this, I'm joined by my colleague, Richa Sharma, who has all the details.
12:51Richa, this comes out to be a massive one.
12:53Of course, it could be a jolt for, so far, the market leaders, Adani Group and GMR.
12:59But clearly, the intent is not having any sort of monopoly or duopoly in place
13:05as far as the aviation sector is concerned.
13:08Give us more details.
13:10Sakshi, I think the biggest lesson we learned was the monopoly of Indigo in December.
13:15That, you know, a monopoly of one airline and what it brought the entire aviation sector to the ground.
13:20I think that was the basic foundational framework, which now the, you know, multiple ministries are working on,
13:27that monopoly in any sector, whether it's airport.
13:30And what we know, there are totally 14 privatized airports in India.
13:34And, you know, the majority, almost eight airports are with Adani, four, three are with GMR-1.
13:42Nagpur, they are still to take over.
13:43So, imagine that 12 airports with two players.
13:46So, that is the thing that the government wants to prevent.
13:49They want more players to venture into the airport sector.
13:53Now, what they are doing is 11 airports, which are coming for private bidding.
13:58They have decided that the maximum one player can get is two blocks,
14:02which is four airports and not anything beyond.
14:05What we saw in 2018 was all the airports, all the six airports were won by Adani.
14:11And, in fact, it priced double amount what the second bidder was.
14:16So, and, you know, the Adani group has been saying that they are looking aggressively to go for more airports
14:23in their kitty when these 11 come up.
14:25So, this, I think, acted some kind of a, you know, breakout where the government thought that we need to
14:31revise the policy.
14:32There should be a cap so that it's just a level playing field for everyone.
14:37More players bring more kind of variation for the customers.
14:41So, that was the thing that was decided.
14:44So, Ritcha, in the upcoming 11 airports privatization, what's the government saying now?
14:49How many airports can one company really win?
14:51Is it maximum of one?
14:53No, they are saying that it's two blocks, so maximum of four airports.
14:57So, it's two blocks and if, yeah, four.
14:59So, even if, you know, if the company is a top bidder in a third block, it will be given,
15:05or the second bidder would be asked to match the company and they would be preferred rather than the company
15:11which has already won two blocks already.
15:13Fair point.
15:14Thanks a lot, Ritcha, for getting us all those important details right there.
15:17This is in a bid to ensure that there is no monopoly or duopoly that we see to protect the
15:23industry at large from any kind of concentration that happens in the sector.
15:28We've also seen that the industry has faced massive issues because of how the airline concentration is largely.
15:35The maximum market share is with Indigo, the second largest is with Air India and the third one does not
15:41have a meaningful, you know, market share when it comes to the airlines industry.
15:45And similarly, now with the airports, they are also planning to ensure that they have more players to take up
15:51as we go forward to privatize India's airports.
15:54So, let me go across to Aastha once again.
15:56Aastha, the aviation space, we've seen so much turbulence here over the last many years.
16:01Every time there is a fresh and new problem that the industry faces and it's very difficult to sustain this
16:08business as something that everybody is given to understand.
16:11Airlines and the airports within this entire space, how would you approach as an investor?
16:17So, I think now government is restricting monopoly in this sector, first of all.
16:21Secondly, what I feel is that now there is a less concentration risk because the kind of news flow which
16:29is coming,
16:30definitely we will see more healthier competition, more entry of a global as well as the local players.
16:35So, right now, definitely it will be impacting airport stocks, especially like GMR Airport and Adani.
16:42So, yes, GMR Airport and that is what we have already witnessed in these stock prices as well.
16:46So, right now, on the basis of this news, I would recommend just stay away from GMR Airport stock as
16:53of now.
16:54Don't take any sort of fresh position into this counter because this stock may see some more selling pressure coming
17:00ahead
17:00because definitely it will create some sort of, you know, risk in the expansion plans of the company.
17:07And that is why stock is already down 1.5% today.
17:10My idea here is those who have the stock in their long-term portfolio holding, they should remain invested in.
17:16But for the short-term entry or finding bottom at this level is not advisable.
17:21So, just wait and watch.
17:22I think the stock can fall till the level of right now, it is quoting 96.
17:26So, maybe it can fall till the level of 90 to 91.
17:29In the coming days there, we can find a better opportunity to enter into this counter.
17:33Okay. Asa, we will shift focus to the auto space now, even as the auto industry is trill grappling with
17:41the rising costs and global uncertainty.
17:43It is Maruti Suzuki which has said that exports continue to remain strong.
17:48Remember, the stock is also the top-performing one on the Nifty Index today.
17:52Business Today Television's Chetan Bhutani also spoke with Chairman R.C. Bhargav on the export outlook
17:57and whether a price hike is on the cards.
18:00Let's listen in to an excerpt from that conversation.
18:02So far, there is no significant constraint.
18:09But it depends on how long this whole thing continues, what happens.
18:15Does it escalate and become more intense?
18:19Does it continue in a standoff kind of situation?
18:24Will Hormuz get opened?
18:26Will it not get opened?
18:27It's difficult to predict at the moment, Chetan.
18:31And if I could also ask you on the growth outlook for FI27 and the 14,000 crore CAPEX that
18:36you are looking at,
18:38how would that be distributed eventually, sir?
18:41See, largely this CAPEX is in Kharkoda, where we will be continuing to work on the third line and then
18:49the fourth line.
18:51And in the new Gujarat site, because we have to start work on the new site and there will be
18:59some CAPEX there.
19:00And then there's the usual CAPEX of 4,000 or 5,000 crores, which happens.
19:07So, because there are two sites where we are working on, that is the main reason why the total CAPEX
19:14has increased from about 10,000 last year to around 14,000 this year.
19:19Sir, what are the flex fuel vehicle plans?
19:22Because now the government has also eventually begun discussions on testing the norms for E85 and E100.
19:28So, please tell us about the flex fuel vehicle, sir.
19:32We don't know.
19:33As I said, we will meet whatever technology requirements the government wants.
19:38We can do it.
19:39If we have a vehicle ready, if flex fuel, we can.
19:45This is an R&D matter.
19:47But some decision has to be taken by government for the whole industry.
19:53And a timeline has to be fixed.
19:56Sir, the exports are on a record rise.
19:58Do you see the impact of exports, the FTA is being on a record rise?
20:02I see exports roughly maintaining the same level as 25, 26.
20:08Okay.
20:09And any possibility on price hike?
20:11When can we expect a decision?
20:13Because last time we spoke, sir, with Parthosan, we had been discussing about the price hike and the component hike
20:19costs.
20:19Any discussion on that, sir?
20:21Still a matter under consideration.
20:25All right.
20:26Still under consideration and no clear answer on the price hike bit.
20:31What for now?
20:31After the earnings and mixed brokerage houses reports, the stock is still reacting positive.
20:35Let me go across to Asta to get her sense on the entire auto space, post the earnings on Maruti
20:41Suzuki.
20:41The stock has cooled off from the day's high point, but still up by 2.5 odd percent.
20:47But if we look at the last few months' data, it will show us sideways to slightly negative momentum here.
20:54Your sense on how would you approach the largest carmaker and what's in the offering for the auto space at
20:58large?
20:59So what I think, yes, company has shown very strong numbers because if I exclude other income, they have shown
21:0630 percent rise in the net profit.
21:07This is I'm talking about Q4F by 26 number.
21:10Margin expansion was there.
21:12Profitability.
21:13In profitability, we have seen a growth.
21:14So, yes, numbers were quite strong.
21:16And I think on that basis, today, market has shown reaction also on the positive side.
21:21What is not liked by the market, this is my idea, is that the kind of cautious commentary we are
21:26seeing on the front of guidance also.
21:29So I think these are some of the factors which markets don't like when they see that now the management
21:35has started sounding some more cautious.
21:38So this is what I think can be a caveat in the whole, you know, upward story of this counter.
21:44But still, this counter is very poised to move, I mean, in the northward direction.
21:49So we are still recommending our clients to hold this counter.
21:54Maybe buying it at a lower level is also advisable at this point of time.
21:59So just hold this counter with a stop loss of somewhere at around 12,800 because it is quoting 13
22:05,200.
22:06So 12,800 on the closing base, stop loss can be, you know, assigned to this counter.
22:12And what we can see in the terms of upside targets is somewhere at around 14,000 is our ultimate
22:20target for this counter.
22:21Maybe in the medium term, we can see these targets to come in.
22:25So Maruti is looking good to us.
22:26But buy on dips is recommended as well as hold is recommended for this counter at this point of time.
22:31All right.
22:31So that was the auto space.
22:32But let me also ask you on the metals counter, especially Vedanta is in focus today.
22:37We read out in the headlines as well how the stock has soared about 4% in trade with the
22:42last minute rush with investors now buying.
22:45It's still up 4.5%.
22:47Today is the last day.
22:48We just have four minutes left, viewers.
22:50In case you are looking to take the benefit of the demerged entity where it gives you four additional stocks
22:57beyond Vedanta as a shareholder after the demerger takes place on 1st of May.
23:01Today is the last day to buy.
23:03Because if you buy tomorrow, you will not be eligible for the demerged shares that you will get for Vedanta.
23:08Now remember, 1st of May is the demerger record date.
23:11That also happens to be a market holiday.
23:13And therefore, today is the last day.
23:15So that tomorrow, T plus 1 is when the shares of Vedanta can be credited to your account.
23:21And therefore, you make you eligible for four additional shares.
23:24The company is now planning to have five separate listed companies.
23:28Thereafter, how long after with the four other listed companies enter the stock markets is still not clear.
23:34But tomorrow, there is also a special session where Vedanta's value.
23:39So today, you see it at 774.
23:41Tomorrow, you will not see Vedanta at this level.
23:44Tomorrow, after the morning first half an hour of session, when they determine the price of Vedanta,
23:51excluding of the four other stocks that will get listed eventually,
23:54there will be an X, those four stocks price on Vedanta that you will see.
24:00Asa, what would you advise investors here?
24:03Definitely, I would say that it's a good, good counter to bet upon.
24:06And what a result this company has posted, we should also look after that
24:10because the profitability is shown a stellar, stellar rise of more than 80%.
24:15So yes, it will going to demerge.
24:17Now, we will be having the five entities in which aluminum will be there,
24:21power will be there, oil will be there.
24:23So we are finding this to be an attractive option to bet upon.
24:27So we are recommending our clients as well to bet upon this counter.
24:31Okay, so Asta gives a vote.
24:32You can go ahead and buy this counter.
24:35It's 5% higher today.
24:36Last one month, you've already seen ahead of the demerger.
24:38The stock is inched up 19%.
24:40Last six months move is nearly 60%.
24:43So the stock has already been slowly and gradually moving higher.
24:47Now post 1st of May, you will only see one entity.
24:50You know, Vedanta is the holding entity still listed.
24:53But aluminum, oil and gas, iron and steel and power will all get listed in near future as well.
24:59Now, two minutes to go before the market shut shop.
25:02So I'm just going to wind down where we are ending at.
25:04And we'll come back to Asta to take her view for the new series.
25:07And of course, to take some of your queries as well.
25:09So on the Nifty viewers, we are at 24,158.
25:12We've cooled off, you know, slightly.
25:14Of course, it's almost a half odd percent cool off from the day's high point for the Nifty.
25:19But on the index level as well, when we see the Nifty bank is where the pressure has emerged.
25:25That one has slipped slightly below the flat line.
25:27And you do see PSU banks and financial services once again feeling the heat.
25:31Even the mid-caps have slipped into the red.
25:33But FMCG is the top moving sector today.
25:361.7% higher.
25:37Followed by real estate and auto space.
25:40IT is also up by 0.8%.
25:41You also see some move on small caps, infra stocks as well as oil and gas as well.
25:47On the Nifty, you have ITC now as the top mover.
25:493% higher.
25:50Tech Mahindra follows.
25:52And we also have smart momentum on reliance industries today.
25:553% higher.
25:56Even yesterday, it ended higher in trade.
25:5814.32.
26:00Last couple of sessions, right after the earnings, you are seeing some momentum creed back onto reliance industries.
26:05We have Coal India, Maruti, Suzuki as some of those other stocks that are also hovering higher.
26:09Let's look at the broadest gainers.
26:11Today, within the Nifty 500 basket, Sapphire Foods is ending with a 20% circuit.
26:16A smart move there on Sapphire Foods.
26:19Following this, we are also looking at Devyani International, another peer.
26:22Again, both these companies have a franchise of Pizza Hut and therefore, you do see a lot of momentum here.
26:29Bandhan Bank from the banking space is up by 11%.
26:32And we also have some more names like MIC Electronics that's higher, Green Ply Industries, MTAR Tech, which has been
26:40a multi-bagger stock in the recent couple of months that we've seen the strong momentum in.
26:45That continues to soar higher, about 7% to 8% higher.
26:48And M-Cure Pharma from the Pharma Pack is also inching up about 7% or 8% percent.
26:53That's where we've ended at 24,164.
26:56As are coming to you, new series, what are the expectations on the Nifty?
27:01Various, you see concerning points when we will be entering into the new series.
27:06First of all, crude oil, which is inching higher.
27:08Secondly, geopolitical tensions.
27:10Thirdly, we are seeing that their activity on the FIA and DIA side is not very, very encouraging.
27:16And especially FIAs are continuously selling on India.
27:19So, I mean, there are various factors which are right now lingering upon the markets and can, you know, impact
27:26the movement of the Nifty in the coming days.
27:28So, we have to be very cautious.
27:30The only thing which I can see right now is the earnings because we have some big earnings lined up
27:36this weekend as well.
27:37So, how they will going to pan out, that will definitely help the markets in showing some sort of a
27:42positive moment.
27:42But we will be starting these series on a very cautious note.
27:46This is what I believe.
27:48Okay.
27:49Now, we have asked us some queries coming in from our viewers for you.
27:52Sumit from Narshek asks you,
27:53Small caps are defying the war woes and are actually outperforming the large caps.
27:59What's your view here and what should investors do?
28:02Yes, because the kind of earnings we are seeing in the small cap,
28:05they are definitely showing very, very strong momentum on the bourses as well.
28:10Apart from that, we have seen a strong beaten up by these counters in past few months.
28:15So, definitely now valuation comfort is there along with the earnings growth, which is, I mean, giving a comfort on
28:21the small cap size.
28:22But still, I would like to advise that don't jump into any small cap, just looking after the price movement.
28:30Just look after the fundamentals as well as their earnings and then make any sort of entry into these counters.
28:36But, yes, good earning growth is always giving a strong flavor to the small cap in this season as well.
28:43All right.
28:43We also have a question from Varuni from Buland, Sheher.
28:46And she's asked CEO, Aasta, that Adani Group stocks have outpaced the market in April.
28:51Is there still steam left for these stocks in the month of May?
28:56Yes, of course.
28:57We believe that Adani Group will, stocks in the Adani Group will definitely showing some good momentum in the May
29:03as well.
29:03Especially, I'm very much positive on the Adani power, Adani energy solutions.
29:07Because the kind of power demand we are seeing in India, all the power stock will reap the benefit of
29:13those demand.
29:14Okay.
29:15One last question that will bring your way from our viewers.
29:17This is from Dharmesh from Ahmedabad.
29:20He asks you, primary markets are starting to pick up some pace.
29:23So, is it the right time to chase the IPO Russia has spent?
29:28So, it has started to pick up, but I would like to say that don't expect that sort of gains
29:33which we used to see in the primary markets one or two years back.
29:38I mean, the kind of listing we have seen in the past, don't expect those kind of listings because those
29:43listings were backed by strong growth momentum in the markets,
29:47which we are not seeing and which is lacking right now.
29:50So, yes, primary market is showing action.
29:52Just go in the good quality IPOs with a good valuation as well.
29:56This is what I want to say.
29:58But don't expect whopping, whopping gains as we used to see in the previous few years.
30:03Any IPO that you're watching out for Asda?
30:06So, right now, I have not, you know, detailed study.
30:10But yes, one IPO on EMI technology will be coming.
30:13I mean, it will be starting for bidding from tomorrow, I suppose, from 30th of April.
30:20So, yes, that one should see upon.
30:21But still, my detailed analysis is not being done.
30:24So, I cannot comment on the ratings for this IP.
30:27All right.
30:28Okay.
30:29Well, thank you then for being with us, Asda, on this special edition and for sharing all those insights on
30:34the markets,
30:34for answering all those questions of our viewers as well.
30:37Good to have you with us.
30:38We are ending at 24,177 onto the Nifty.
30:42Managing about a 0.7% gain.
30:45But the first half was much better in trade.
30:48We have seen some pull-off take place.
30:49The banking stocks and the mid-caps have also slipped in trade.
30:53There is some pressure on the sentiments and selling pressure at the higher levels
30:56because of the rising crude price that we are also seeing into the markets.
30:59But in case you do have any questions about your investments in mutual funds, in SIP, stocks or gold-related
31:05queries,
31:05then send them to us on the number that's flashing onto your screen.
31:08It's time to wind down the business today's show.
31:11But thank you so much for joining in.
31:13Don't forget to tune in again at 9.05 a.m. tomorrow morning when we catch up with all the
31:17morning opening action.
31:19Tomorrow is a big day for Vedanta.
31:20Good to be with you.
31:20Bye.
31:21Dave Pauline.
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