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BROADER CONCERNSMargin pressure, deposits and regulatory changes cloud sector; depressed valuations offer cherrypicking opportunities

Patel Integrated Logistics Ltd saw a 47% increase in Q1 profit, reaching Rs 1.53 crore due to higher demand for air cargo services. Revenue rose by 34.78% year-on-year to Rs 96.89 crores. Executive Director Mahesh Fogla expects double-digit growth and is considering monetizing non-core real estate for stakeholder benefit.

Jonathan Schiessl, Deputy CIO at Westminster Asset Management, emphasized their medium to long-term investment strategy, favoring financials and large-cap consumer companies despite short-term market movements. He acknowledged overextension in smaller caps while advocating for selective investment in dominant new-age tech firms that can sustain growth. Schiessl remained committed to financials and capital goods sectors.

​Now, for this month or a month or two, there could be inventory adjustments where wholesale dispatches might be lesser than retail sales because there have been talks of some sort of three-four days extra of inventory built up in the system, so I think that might get adjusted. So, based on these news flows, if we see the stocks correct somewhat, I think it is a good sector to be in.

Shareholders of Adani flagship to get 251 shares of Adani Wilmar for every 500 shares held

Tata Motors Ltd saw a 74% increase in net profit in the June quarter, fueled by its subsidiary Jaguar Land Rover and a recovery in commercial vehicle sales. Revenue rose 5.7%. However, passenger vehicle revenue dropped, and JLR anticipates production constraints in the coming quarters due to various challenges.

Adani Ports and Special Economic Zones (APSEZ) reported a 47% rise in quarterly consolidated net profit, reaching ₹3,113 crore, thanks to a one-time income from divesting a stake in a container terminal subsidiary. Quarterly revenue also increased by 11%, reaching ₹6,956 crore, as the company continued expanding its operations.

Sensex reached a new peak, closing 126 points higher, and Nifty crossed the 25,000 mark for the first time. Titan, Hindustan Zinc, ITC, Tata Motors, Zomato, Adani Enterprises, and SpiceJet shared their quarterly results. ITC reported a small rise, while Tata Motors and Adani Enterprises showed significant profit growth. SpiceJet canceled flights due to operational reasons.

The domestic markets closed slightly higher as Nifty surpassed the 25,000 milestone, amid a consolidation phase. The Nifty futures indicated a negative opening. Global markets showed mixed trends, and oil prices saw a minor rise. Several stocks entered the F&O ban, and multiple companies were due for Q1 results announcements.