Latest Stock Market News

EV/EBIT ratio compares enterprise value to operating profitability, helping investors assess valuation. Lower ratios indicate potential undervaluation, while higher ratios may signal overvaluation. Industry comparisons offer deeper insights.

On January 10, five stocks saw a long buildup, with both OI and stock prices rising. These include Sona BLW, TCS, Marico, NALCO, and Tech Mahindra.

he Sales to Total Assets Ratio measures how effectively a company utilizes its assets to generate sales. A higher ratio indicates efficient asset use, while a lower ratio suggests inefficiencies.

Indian markets closed lower, with a 2.3% decline for the week amid sectoral selling. Key stock recommendations include buy calls for LTI Mindtree, Uno Minda, and IRCTC, alongside sell calls for PNB Futures and HAL based on technical setups indicating bullish or bearish trends.

Nifty continues its decline, breaching support levels, with a cautious market outlook. Analysts advise avoiding bottom fishing and waiting for reversal signals. Focus remains on Q3 earnings, Union Budget, and FII activity. FMCG and IT sectors show resilience, while Pharma faces resistance. Key stocks to watch include M&M, Bharti Airtel, and Tata Consumer.

Gold prices fluctuated before closing with a gain on Friday. The prices dipped following the release of strong US job data but recovered as US yields and the Dollar Index eased. The metal traded between $2614 and $2698 during the week. Key US, China, Germany, and UK economic data are awaited next week.

HCL Technologies is projected to report 4.3%-6.8% YoY revenue growth for Q3FY25. Brokerages foresee varying outcomes for revenue and profit, with key focus on software business, margin guidance, and deal activity.

In the week ending January 10, five penny stocks saw significant declines, with Gujarat Toolroom falling 22%, Rajnish Wellness down 17%, and GG Engineering dropping 14%. Stocks had market caps under Rs 1,000 crore.

The Indian equity market saw significant IPO activity in 2024, raising a record Rs. 1,80,650 crore. December was the most active month. Data suggests holding IPO stocks for six months yields higher returns. Investors are advised to conduct thorough research before investing.

Despite market volatility, certain stocks from the Nifty 250, like HCL Technologies, Infosys, and Coromandel International, are trading near their 52-week highs, indicating underlying strength. Data from Nuvama reveals 12 companies nearing their peak values, attracting significant investor interest amid broader market challenges.