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The Nifty Realty index was trading 2.42 per cent at 1019.80.

Nykaa share price: FSN E-Commerce Ventures, parent company of Nykaa, saw its shares surge 5.3% after announcing a strong Q3 FY2025, with net revenue growth expected to exceed the mid-twenties. The beauty vertical showed significant momentum, with GMV growth in the low thirties. Nykaa’s fashion vertical is expected to grow at around 20%. Shares have remained flat over the past year.

ITI shares surged 19.3% on Monday, reaching Rs 545.55, driven by strong financial results, investor confidence, and government infrastructure projects. Despite a 52-week low in October, the company has seen impressive growth, with a 348% return in the past year. ITI reported a 312.3% YoY revenue increase and is involved in major telecom projects like BharatNet.

The stock traded at a P/E multiple of 76.62, while the price-to-book value ratio stood at 18.24.

Hiren Ved of Alchemy Capital highlights that the stock market remains in a corrective consolidation phase, heavily influenced by upcoming result seasons. He maintains a focus on themes such as CDMO, tech platforms, and higher-end consumption, expecting incremental growth in these sectors despite mixed performances in financial and consumption stocks.

A total of 760,641 shares changed hands on the counter till 12:07PM (IST).

Nifty Index is consolidating near 24,000, facing resistance at 24,248. RSI suggests bearish momentum, but the weekly chart shows bullish signals. Preeti K Chabra recommends a Short Iron Butterfly strategy for January 9 expiry.

As of 30-Sep-2024, promoters held 35.75 per cent stake in the company, while FIIs held 25.39 per cent and domestic institutional investors had 14.29 per cent.

EMS is seeing rapid growth similar to the IT services boom. There is significant potential in tech-driven financial services, consumption patterns, and component manufacturing. Companies in these sectors are innovating and building substantial customer bases. Growth opportunities are appearing in traditionally overlooked sectors, and careful evaluation of valuations is essential for long-term investment success.