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10 large-cap stocks to bet across sectors that may gain up to 32% in H2CY25
Bharti Airtel, DMart, Adani Enterprises, Eternal among 10 large-cap stocks that look technically strong on charts and can deliver double-digit returns in the next six months.
Rex Cano Mumbai
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Large-cap stocks have outperformed the broader market in the first-half of the calendar year 2025. As we draw curtains to June 2025, the National Stock Exchange (NSE) Nifty 50 index has gained the most, and is up 8.1 per cent, while the large-cap index - the Nifty 100 has gained 6.6 per cent. In comparison, the Nifty MidCap 100 and the Nifty SmallCap 100 are up 3.5 per cent and 0.2 per cent, respectively. Analysts believe that the underperformance of small-and mid-cap stocks in H1 was on account of tepid corporate earnings and uncertain global environment. READ
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United News of India
4 hours ago
- United News of India
Sensex Zooms by 1,650.73 points during the week
Mumbai, June 28 (UNI) The Sensex surged 1,650.73 points, or 2 per cent, to settle at 84,058.90 in the week ended June 27, 2025. Supported by easing geopolitical tensions, strong global cues, positive domestic economic data, and robust FII buying. Equity benchmarks saw a strong rebound this week, closing in the green for four out of five sessions. Nifty soared 525.40 points, or 2.09 per cent, to settle at 25,637.80. The BSE Mid-Cap index jumped 2.33 per cent to close at 46541.25. The BSE Small-Cap index zoomed 3.57 per cent to end at 54,249.40. On June 23, as rising tensions in the Middle East spooked investors. BSE Sensex tanked 511.38 points to 81,896.79. Nifty slipped 140.05 points, or 0.56%, to 24,971.90. On June 24, BSE Sensex added 158.32 points to settle at 82,055.11. Nifty rose 72.45 points to 25,044.35. On June 25, buoyed by positive global cues as investor sentiment improved following signs of a tentative ceasefire between Israel and Iran, BSE Sensex surged 700.40 points to close at 82,755.51, while the Nifty 50 jumped 200.40 points to 25,244.75. On June 26, it closed with solid gains on the back of firm global cues and hopes of de-escalation in the Israel-Iran conflict. BSE Sensex zoomed 1,000.36 points to close at 25,755.87. Nifty surged 304.25 points to 25,549. On June 27, driven by strong foreign institutional investor (FII) inflows, the BSE Sensex jumped 303.03 points to 84,058.90. Nifty rose 88.80 points to 25,637.80. Sensex gainers during the week were Asian Paints by 3.06 pc, UltraTech Cement by 2.43 pc, Power Grid Corp by 2.11 pc, ICICI Bank by 1.56 pc, and Reliance by 1.39 pc BEL by 1.19 pc, HUL by 1.14 pc, Sun Pharma by 1.12 pc, SBI by 1.05 pc, Adani Ports by 0.75 pc, Bharti Airtel by 0.68 pc, and Tata Steel by 0.56 pc. Tata Motors by 0.54 pc, L&T by 0.50 pc, NTPC by 0.24 pc, Kotak Mahindra by 0.18 pc, HCL Tech by 0.08 pc and TCS by 0.04 pc Sensex loser during the week Trent by 1.42 pc, Eternal by 1.13 pc, Tech Mahindra by 0.93 pc, Titan Company by 0.79 pc, Axis Bank by 0.74 pc, Maruti Suzuki by 0.56 pc, Bajaj Finance by 0.52 pc, Bajaj Finserv by 0.46 pc, HDFC Bank by 0.43 pc, Infosys by 0.40 pc, ITC by 0.33 and M&M by 0.31 pc. Other gains were Nestle India by 3.99 pc, Adani Enterprises by 8.13 pc, Zed Entertainment Enterprises (ZEEL) by 8.49 pc, Reliance Infrastructure by 10.75 pc, Ask Automotive by 11.67 pc, KNR Constructions by 5.79 pc and Ahluwalia Contracts (India) by 9.35 pc. Sectoral gainers during the week were BSE Auto by 1.56 pc, Bankex by 1.80 pc, Consumer Durables by 3.28 pc, Capital Goods by 1.86 pc, FMCG by 1.35 pc, Health Care by 2.17 pc, Metal by 4.77 pc, Oil & Gas by 3.20 pc, Tech by 0.97 pc and Power by 3.24. Sectoral loser during the week Realty by 2.06 pc and IT by 0.29 pc. UNI JS ARN
Mint
10 hours ago
- Mint
Nifty 50 jumps 8% YTD: Five key risks that could derail Indian stock market rally in H2CY25
Defying global turmoil and tariff-related uncertainties, the Indian stock market is set to wrap the first half of calendar year 2025 (H1CY25) with a healthy gain. The Nifty 50 has gained 8 per cent this year so far even as it hit a 52-week low of 21,743.65 on April 7. The index maintained its upward march despite US President Donald Trump's tariff policies, weak earnings, stretched valuations, foreign capital outflow, geopolitical turmoil and faltering global economic growth. The Nifty 50 is now just 640 points, or 2.4 per cent below its all-time high of 26,277.35 hit on September 27 last year. The Nifty 50 has been in the green since March this year. Stocks such as BEL, Bajaj Finance, SBI Life Insurance and Bajaj Finserv have surged 30-40 per cent this year so far. Heavyweights such as Reliance Industries, HDFC Bank, Bharti Airtel, Maruti Suzuki and ICICI Bank have gained 10-25 per cent this year. However, shares of TCS, Trent, Infosys, IndusInd Bank, Sun Pharma, Wipro and HCL Tech have declined 10-15 per cent this year. The resilience of the Indian stock market could be attributed to India's durable economic growth and healthy domestic demand. "Strong domestic demand, government-led capex, and steady sectoral growth, especially in banking and infrastructure, have supported investor confidence," Pawan Jain, the founder and chairman of Ashika Group, told Mint. The medium-term outlook of the Indian stock market remains positive. However, there are also risks that investors should not overlook. Although markets have largely priced in existing trade agreements between the US and its key trading partners, any unforeseen developments could rattle investor sentiment. Trump on Friday said that the White House was looking into an agreement that would give it the 'right to go in and trade' with India. "A key risk on the horizon is the looming 9th July'25 deadline when the US could begin imposing the steep 26 per cent reciprocal tariffs on Indian goods—unless an interim agreement is signed or the tariff pause is extended," said Divya Agrawal, Research Analyst & Advisory (Fundamental), Wealth Management, Motilal Oswal Financial Services. Madhavi Arora, Lead Economist at Emkay Global, pointed out that "while it's widely believed that this 'second trade war' would play out differently than the China+1 dynamics, some scepticism remains over India's ability to scale meaningfully, given infra/other limitations." Experts say a spike in US inflation could aggravate foreign capital outflow and delay the US Fed rate cut. If foreign portfolio investors (FPIs) go on a prolonged selling spree, the domestic market could come under pressure. "The US inflation and consequently the Fed rate cut constraints are the only risks, in our opinion, to watch out for," said Vikas Gupta, CEO and Chief Investment Strategist at OmniScience Capital. Gupta, however, believes the chances of a spike in US inflation are low because of the US-China trade deal. Vinit Bolinjkar, the head of research of Ventura, underscored that the market has discounted two US Fed rate cuts by December. Fed officials are now openly debating whether only one or none is needed if tariffs keep core inflation sticky. "A hawkish surprise would push up global bond yields, drain emerging-market liquidity and revive FPI outflows from India," said Bolinjkar. Concerns over tensions in the Middle East have eased significantly. However, experts point out that geopolitical uncertainty and its potential to drive crude oil prices higher remain a key risk for the Indian market. "A renewed flare-up in any of several geopolitical flashpoints—ranging from a fraying Middle East cease-fire to fresh Russia–Ukraine escalations—could push Brent crude back toward the USD 90–95/bbl range," said Bolinjkar. Bolinjkar pointed out that historically, every USD 10 per barrel increase widens India's current account deficit by roughly 0.4 percentage points of GDP and raises consumer inflation by 30–40 basis points, eroding real incomes, pressuring the rupee, and squeezing corporate margins, just as market valuations appear stretched. "Any renewed escalation in the Middle East could trigger risk-off sentiment, impacting FII flows and driving crude oil prices higher. A sustained rise in oil prices above $90/barrel could widen India's current account deficit, fuel inflation, and compel the RBI to turn to a hawkish policy stance, reducing the likelihood of future rate cuts. This could negatively impact investor sentiments and put a pause on the ongoing market rally," said Agrawal of Motilal Oswal Financial Services. Upcoming earnings will be perhaps the biggest trigger for the domestic market. Experts say if Q1FY26 earnings come out weaker-than-expected, the domestic market may see a deeper correction of about 10 per cent due to EPS growth-valuation mismatch. "The Nifty's forward PE sits a standard-deviation above its 10-year mean, while mid-caps trade at a 40 per cent premium to large-caps. At the same time, 72 per cent of index constituents have seen FY26 EPS cuts, and street-wide growth expectations have slipped to nearly 12 per cent. Any miss in the June-quarter numbers could trigger a derating," said Bolinjkar. Agrawal said that on the earnings front, FY26 is expected to follow a two-speed trajectory—with muted growth in H1 and a pick-up in H2. "Any delay or disappointment in the anticipated H2 recovery could hurt investor sentiments and derail current market momentum," said Agrawal. An even monsoon could increase food inflation risk and cap the prospects of further rate cuts by the RBI. "The IMD still projects an above-normal season overall, yet large deficits (-40% to -70%) are developing in parts of Marathwada and Vidarbha. Any sustained shortfall would revive cereal and pulse inflation, erode rural demand and cap the RBI's newfound easing room," said Bolinjkar. Read all market-related news here Read more stories by Nishant Kumar Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions, as market conditions can change rapidly, and circumstances may vary.
Mint
11 hours ago
- Mint
DMart eyes higher margins via private labels as quick commerce grows
Bengaluru:Avenue Supermarts Ltd, which operates the DMart retail chain, is expanding its private label portfolio beyond food staples and packaged groceries into home and personal care (HPC) categories, as it looks to improve margins amid rising quick commerce competition and sluggish consumer spending. This move mirrors a broader trend in value retail, where private labels are increasingly being used to drive affordability and protect margins. Private labels are in-house brands often sold at lower prices and are owned and sold exclusively by a retailer. 'Fast moving consumer goods (FMCG) companies are expandingtheir product lines and trying new things, like HUL is cutting back on palm oil, and Nestle teaming up with a drug company for a new recipe," said an equity research analyst working in a Mumbai-based brokerage firm who did not want to be named. Dmart's rival Tata Trent Star Bazaar has built a successful private label category which has more than doubled its revenue from ₹1,798 crore in FY23 to ₹2,699 crore in FY25. In categories where private labels are offered, they now contribute over 70% of sales, up from around 60% two years ago. Vishal Mega Mart, which has a strong presence in tier-II and tier-III cities, reported revenue of ₹10,716.3 crore in FY25. While the company does not break out private label contribution in its financials, industry estimates suggest that 65-70% of its sales come from in-house brands across apparel, footwear, and general merchandise. DMart has started expanding its private labels in categories such as detergents, beverages, soaps, and biscuits under various brand names such as 'Star Bright", 'Sparkle", and 'Bisky Bites", which compete with similar product lines from some of the country's largest fast-moving consumer goods (FMCG) players, including Hindustan Unilever (HUL), Nestlé, and ITC. Mails sent to DMart did not elicit a response until press time. 'DMart is attempting to increase its gross margins by adding private labels in more categories (HPC, foods); this may only partly offset QC-induced footfall and cost pressure," according to a Kotak Institutional Equities Report written by Garima Mishra and Ishaini Swain on 23 June. Private labels According to the report, these private labels now occupy 20-30% of shelf space in select product categories at DMart outlets. The retailer previously restricted private labels to its staple product category under the 'Premia" brand, which was started in 2002. According to the report, these private labels are priced about 30-70% lower than some of the branded FMCG products. This underscores the retailer's vision to sell everyday products at 'everyday low prices" to Indian consumers. For example, its private label detergent, Star Bright, costs ₹72 per kg, while P&G's Tide costs ₹125 per kg. Similarly, the retailer's mango juice under the Go Fruit brand sells at ₹34 compared to Parle Agro's Frooti. Founded by billionaire Radhakishan Damani in 2000, DMart opened its first store in Powai, Mumbai, in 2002. Today, it is India's largest retail chain, with a market capitalisation of ₹2.8 trillion. The company went public in 2017 and has built its success by offering consistently low prices. DMart pays wholesalers upfront, often ahead of industry payment cycles and secures deeper discounts, which it passes on to consumers. The company is currently navigating a phase of transition, facing twin challenges: a change in leadership and intensifying competition from quick commerce players. Longtime chief executive officer Neville Noronha, who has been instrumental in building DMart into India's most valuable retail chain, is expected to step down by 2026. He will be succeeded by Anshul Asawa. 'It seems like Asawa might have a significant challenge ahead given the high benchmark that Noronha has set," said the analyst based in Mumbai. The retailer's aggressive push into private labels also coincides with the rapid rise of quick commerce players such as Zomato's Blinkit, Swiggy's Instamart, and Zepto, which have been making inroads in several cities, especially in tier-II and tier-III cities, where DMart has limited presence. According to the Kotak report, there are over 100 cities where one or more quick commerce platforms have a presence, but DMart does not. 'Quick commerce is outpacing DMart Ready, which operates more like traditional e-commerce with one- to two-day delivery. In contrast, quick commerce players deliver within minutes," said the analyst. Increasing coverage DMart currently has stores across 152 cities, while Blinkit operates in 194 cities, followed by Instamart and Zepto that are present across 116 and 73 cities.'In urban and metro markets, quick commerce has high penetration, but DMart is present even in places where Q-commerce hasn't reached, so I think it will be able to keep up with rising competition," said Pratik Prajapati, equity research analyst at Ambit. Despite its value positioning, DMart's profitability has come under strain in recent years. According to the company's FY25 financials, the company's Ebitda margin, a profitability metric that indicates the company's operating performance, declined from 8.5% in FY23 to 7.6%, even as gross margins remained steady at 14.8%. 'The main reason for this drop is due to rising employee costs," said the analyst. The employee cost now accounts for 6% of revenues, up from 5.4% two years ago. 'The private labels tend to be cheaper, and if the consumers are satisfied with the quality of the products, the expansion will deepen further," said the analyst. 'In the long term, this can impact the margins of some of the branded FMCG goods." The private label push is also supported by DMart's ongoing store expansion. DMart added 50 stores in FY25 and plans to open about 75 new stores over the next three years, according to the Kotak report on 23 June 2025. States like Uttar Pradesh and Odisha are expected to be key focus areas. The company recently entered Agra, marking its first expansion into the state beyond Ghaziabad. The company clocked a revenue of ₹59,358 in FY25, a 16.9% increase over the previous fiscal year. The company's net profit jumped 6.7% from ₹2,536 crore in FY24 to ₹2,707 crore in FY25. 'Private labels not only improve margins but also give customers more choice within a price band," said Prajapati. 'If customers are satisfied with the quality, they are likely to stick with the brand over time." 'As they gain acceptance, we're already seeing revenue pressure on traditional FMCG brands. Brand cannibalisation will likely continue as competition intensifies", said the analyst who did not want to be named.
