NIFTY OUTLOOK: 25,877.85 FII: -3,077.59 cr DII: 2,469.34 cr
As discussed yesterday, market behaviour remained on the expected lines during the session, as Nifty failed to surpass its previous resistance and slipped near our support level of 25,850, making a day low of 25,845.
1. FIIs’ net long position is at 19.5%.
2. PCR is at 1.05.
3. VIX is at 11.97.
4. FIIs sold Rs.2,540 cr in the cash segment, sold Rs.1,222 cr in index futures, and bought Rs.833 cr in stock futures.
LENSKART IPO INSIGHT
Compared to 4 global peers, Lenskart has the lowest EBITDA margin at 9.5% but trades at the highest P/E of 543.2x and Mkt Cap/Sales of 10.5x, indicating stretched valuations.
While listing gains may remain muted, the business model is strong and supported by a large, underpenetrated ₹15,207 Bn eyeglasses market, offering long-term growth potential for organized players.
Jefferies on Shree Cement
Recommendation Buy; Target Price ₹33420, Earlier Target ₹35150
Miss on higher cost; Mgmt reiterates Value over Volume focus
Following weak Sep qtr, cut EBITDA est by ~3-5%
Stock outlook will improve only post any turnaround in Industry Cement prices in Mar qtr
Puravankara: Company bags Rs 212 crore order for SBR Global Queen’s Ville residential project. (Positive)
IFB Industries: CRISIL has revised the rating outlook to ‘Positive’ from ‘Stable’ & reaffirmed the ratings. (Positive)
Nifty Outlook: 25,936.20 FII: Rs.10,339.80 cr DII: Rs.1,081.55 cr
As discussed yesterday, market behaviour remained on expected lines as Nifty continued its uptrend, rallying up to 26,041 but failing to sustain there, slipping to a day low near our support level of 25,810.
CITI on Voda Idea & Indus Tower
Voda Idea stated that Supreme Court “has permitted GOI to consider grievances of Co on issues relating to AGR”
Believe this could have significant positive ramifications for Voda Idea &, by extension, for Indus Towers
With a large lumpsum amount towards AGR dues coming up for payment by VI to govt. in Mar’26, believe that relief should be forthcoming well ahead of this deadline – ie, in coming weeks & months
Indus Tower – Buy, TP Rs 460
Voda Idea – Buy/High Risk – TP Rs 10
Nifty Outlook: 25,966.05 FII: -Rs.55.58 cr DII: Rs.2,492.12 cr
As discussed yesterday, market behaviour remained on expected lines as Nifty continued its uptrend and moved up to our resistance level of 26,005, making a day high of 26,005.95.
For those of you who are serious about having more, doing more, giving more and being more, success is achievable with some understanding of what to do.
