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ONGC reported a 19% YoY decline in Q3FY25 net profit at ₹8,622 crore, missing estimates. Revenue fell marginally by 0.75% to ₹1,66,097 crore. Despite lower earnings, CLSA maintained an ‘Outperform’ rating with a ₹360 target, citing strong oil and gas sales. ONGC shares rose 2.3% but remained down 21.48% in six months.

I do not think budget is going to make any sea change to the situation. Budget, I do not think people are having much expectation.

Vishal Mega Mart reported a 28% YoY rise in Q3FY25 net profit to Rs 262.7 crore, with revenue up 19.5% to Rs 3,136 crore. EBITDA grew 18.3% to Rs 505 crore. The retailer now operates 668 stores across 432 cities. The stock closed at Rs 107.9, up 1.5%, gaining 38.5% from its issue price.

ICICI Securities recommends buying NTPC stocks with a target price of Rs 430. NTPC reported a steady increase in income and net profit for Q3 2024. The company raised Rs 100 billion through an IPO of its green subsidiary, boosting growth prospects. Promoters hold 51.1% stake, FIIs 18.2%, and DIIs 26.68%.

The smallcap and midcap segments have experienced significant corrections, prompting a shift towards large-cap stocks and gold for stability. This diversification approach can help investors mitigate risks and navigate market downturns more effectively, as large caps and gold tend to perform better during volatile periods.

Gold April futures opened flat at Rs 82,200/10g on MCX after hitting a new all-time high of Rs 82,600. Prices surged Rs 1,550 this week amid global trade tensions and monetary easing. Silver March futures traded higher at Rs 93,453/kg. Investors eye Budget 2025 for potential duty changes, which could impact gold’s premium in MCX trading.

Jupiter Wagons, ZF Commercial, and Kalyan Jewellers closed over 3.5% above VWAP on January 31, signaling a potential bullish trend as traders interpret this as positive market sentiment.

Jindal Steel & Power Ltd (JSPL) saw a 14% drop in share price to Rs 724 following a 51% year-on-year decline in net profit to Rs 951 crore for Q3. Weak steel prices and cheaper imports impacted earnings, despite a 5% rise in sales volume. EBITDA fell 24%, with revenues flat at Rs 13,707 crore.

Top brokerages suggest investment themes for Budget 2025, highlighting sectors like infrastructure, defense, and railways poised for significant growth. Analysts expect increased capex allocation and fiscal deficit targets, alongside potential boosts for financials, health, consumption, automobiles, real estate, and power sectors.