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​​The company is a good bet based on its potential for an improvement in return on assets driven by margin expansion, and lower credit costs given its best-in-class underwriting standards, says the brokerage.

Shares in Australia and Japan fell, while those in South Korea were little changed. Contracts for the S&P 500 dropped for a second day after US trading was closed on Thursday to observe a national day of mourning for former President Jimmy Carter.

Equity indices dropped nearly 1% due to heavy selling in major stocks. TCS fell 1.6%, Tata Elxsi declined 0.4%, and IREDA plummeted 3.4%. Analysts advise against purchasing TCS and Tata Elxsi but recommend buying IREDA with a target price of 245 and a stop loss at 208.

Fifteen companies are set to announce Q3 earnings on Friday, with Just Dial and CESC Ltd expected to show notable growth. Just Dial anticipates a revenue rise of 9% YoY, while CESC predicts a 28% YoY increase in net profit. Investors will focus on management commentary on future profitability and margins.

The dollar is poised to extend its longest weekly winning streak in over a year, driven by rising bond yields and expectations of strong U.S. jobs numbers. The dollar gained against the yen and the British pound, with steady performance against the euro and other currencies.

Gold prices held steady on Friday during early Asian trading, set to achieve their best week since mid-November as investors awaited U.S. jobs data to assess potential Federal Reserve interest rate cuts. Spot gold was stable at $2,670.16 per ounce, having gained over 1% this week, while U.S. gold futures rose slightly to $2,694.50.

Shardul Securities has announced January 13, 2025, as the record date for its 1:5 equity share sub-division. Today is the last day to purchase shares to qualify for the split. After the T+1 framework implementation, ex-date and record date will usually fall on the same day. The stock has shown significant gains recently.

Fabtech Technologies IPO listing is anticipated to be strong on the NSE SME platform with a 129% GMP over the issue price. The Rs 28 crore IPO saw an overwhelming 700 times subscription. Proceeds will be used for working capital, acquiring Kelvin Air Conditioning, and other corporate purposes.

​​But I think now slightly a somewhat more realistic picture is emerging. Despite that, if you see other than the commodity stocks, most of the stocks are trading at 60 to 90 times forward earnings which is hardly the place that you would want to buy.