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MobiKwik Q2 Results: One MobiKwik reported a net loss of Rs 3.5 crore in the September 2024 quarter, compared to a profit of Rs 5.2 crore in the September 2023 quarter. Revenue rose 43% YoY to Rs 291 crore. The company added 6 million users and 1.4 lakh merchants in the quarter. MobiKwik shares rose over 100% from their IPO price.

The stock quoted a 52-week high price of Rs 2104.95 and low of Rs 1280.20.

Following the demerger of ITC Hotels from ITC Ltd, Nuvama expects an outflow of approximately $180 million due to the corporate action. The passive flow for Nifty50 is projected at $110 million, while for Sensex, it will be around $70 million. During a special price discovery session, ITC’s share price was adjusted by Rs 26 on NSE and Rs 27 on BSE.

Retail investors bid for 71.88 lakh shares through 2,396 applications on the second day of Indobell Insulation IPO, while NIIs made 106 applications for 7.47 lakh shares. However, qualified institutional buyers have yet to bid. The company plans to raise Rs 10 crore via its SME IPO, which will list on the BSE SME platform. The issue is set to close on January 9.

Travel and tourism in India have significant growth opportunities, extending to smaller towns. Real estate has potential for expansion. Increasing demand from artificial intelligence is driving the power sector. Foreign investment faces challenges due to currency and valuation concerns. Market conditions in 2025 may favor quality largecaps, but midcaps could also perform well.

​The currency has depreciated which also raises the input costs of the manufacturing sector in India which necessarily means that in the absence of a clear pickup in the domestic consumption and also a global slowdown sort of manifesting itself in a lower export growth, we should have a subdued manufacturing production.

Bernstein favors top large-cap stocks like Infosys and TCS, while adding growth-focused midcaps such as Persistent and upgrading Coforge to its preferred list. In the internet sector, it predicts quick commerce will outperform other channels, with Zomato positioned as the primary beneficiary of this growth trend.

The ITI stock was in a consolidation phase, trading within a broad range of Rs 225 on the lower end and Rs 390 on the higher end from October 2023 to December 2024. It then broke above this range and moved upwards.

​So, I believe that that was the time last year around same time was the time when the sector was making a bottom. Most of the large companies were withdrawing their offer letter from the campus, they were stopping the variable pay and all and since then we have seen the sector doing extremely well.

The first quarter of 2025 could be slightly lackluster for major commodities, but the second half of the year could bring some positive momentum, helping to drive these recoveries.