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Business Standard
3 days ago
- Business
- Business Standard
Angel One share price rises 2% on posting Q1 results; Buy, sell or hold?
Angel One shares rose 2.2 per cent on Thursday, logging an intraday high at ₹2,778 per share on the National Stock Exchange (NSE) after posting Q1FY26 results. At 9:35 AM, Angel One share price was trading 0.8 per cent higher at ₹2,738.4 per share on the BSE. In comparison, the NSE Nifty was up 0.11 per cent at 2,738.4. The company's market capitalisation stood at ₹24,801.39 crore. The 52-week high of the stock was at ₹3,503.15 per share, and the 52-week low of the stock was at ₹1,941 per share. Angel One Q1FY26 results In the quarter ended June 30, 2025, Angel One's profit after tax (PAT) declined to ₹114.5 crore, down 60.9 per cent, as compared to ₹292.7 crore a year ago. Its revenue for the quarter also declined 19 per cent to ₹1,140.5 crore as compared to ₹1,405.5 crore a year ago. However, sequentially, the revenue rose 8 per cent. The Securities and Exchange Board of India (Sebi) in October last year raised the entry barrier for derivatives trading by nearly tripling the minimum trading lot size and limiting weekly options contracts to one per exchange, making it more costly to trade in the asset class. Angel One Q1 results analysis: Motilal Oswal The Q1 results were in line with the brokerage's estimates. In 1QFY26, the industry witnessed a slight recovery after the regulatory impact on F&O, supported by a stable market environment and cash delivery brokerage, which contributed to Angel One's top line growth. However, elevated employee expenses and increased IPL spends weighed on its bottom line. The new business of loan distribution gained strong traction during the quarter. Other new businesses, such as the distribution of fixed deposits, wealth management, and AMC, are likely to gain traction over the medium term. The brokerage will review the stock after its earnings call. Meanwhile, Kranti Bathini, director-equity strategy, WealthMills securities Pvt ltd suggests "holding" Angel One stock at the current levels. According to Bathini, broking stocks are expected to consolidate due to the Sebi norms on the derivative markets. Broking companies derive substantial revenues from the derivative markets, so Sebi's move can be an overhang for these stocks, including Angel One medium-to-short term. Technically, Angel One is witnessing resistance near its falling trendline, while the 20 EMA is on the verge of a bearish crossover with the 50 EMA, signaling a cautious outlook. Moreover, declining volume indicates a lack of buying interest at higher levels, said Drumil Vithlani, technical research analyst, Bonanza. About Angel One Established in 1996, Angel One (formerly Angel Broking) is among the leading retail stockbroking and financial services firms in India, founded and chaired by Dinesh Thakkar. The company provides a broad suite of offerings, including equities, derivatives, mutual funds, insurance, and personal loans.
India.com
09-07-2025
- Business
- India.com
After Trump's announcement, Mukesh Ambani's company shares soared 17% due to…, the company is…
Shares of Mukesh Ambani ' s business , Alok Industries, jumped more than 17% on Tuesday. The stock price reached an intraday high of ₹23.50, up from the previous close of ₹20.07. This gain adds to a 17.67% rise in the last month. The stock was very active on the BSE , with significant trading volume and large price changes . Before Tuesday , about 16.7 million shares traded, far above the two-week average daily trading volume of 1.76 million shares. The total turnover on the counter was ₹375.9 crore giving the company a market capitalisation of ₹11,410.12 crore. Kranti Bathini, Director of Equity Strategy – Wealthmills Securities said that while textile stocks including Alok Industries will be in focus today as the U.S. administration under President Donal Trump , imposed a tariff of 35% on Bangladesh, it will provide an opportunity for the domestic players in the app4elt and textile industry . Also , as of March 2025 Reliance Industries Limited (RIL) owns 40.01% stake in Alok Industries and JM Financial Asset Reconstruction Company owns 34.99%. While the advisors for stock – played ; Kranti Bathini told investors to take profits in the Reliance Industries Limited- backed stock at current levels. Technically , an support at ₹21.75 while immediate resistance was at ₹23.80 + . Ravi Singh, Senior Vice President , Retail Research at Religare Broking, in light of today ' s sharp rally, told investors to think about exiting the stock at ₹25. As per SEBI-registered independent analyst A.R. Ramachandran, 'Alok Industries is in an uptrend but the daily chart is showing overbought condition with next resistance of ₹23.80. Investors should profit bank , as if the stock closes below daily support of ₹21.75, it could drop to new target of ₹18.50 in near term .' The counter has traded above the simple moving averages (SMA) for 5,10,20,30,50,100,150, and 200 days. The stock has a price-to-earnings (P/E) ratio of 14.75 and price-to-book (P/B) value of -0.61. The earnings per share (EPS) stands at 4.13 with return on equity (ROE) of -1.55.
Economic Times
04-07-2025
- Business
- Economic Times
Vedanta's investor dilemma: Dividend king, pauper returns; time to buy or say bye?
Dividend king Vedanta's shares have languished in an extended consolidation phase, stubbornly refusing to break out despite a flurry of positive triggers — from buzz around its ambitious demerger plans and impressive operational milestones to its focused efforts on debt reduction. Over the past year, the stock has been eerily stagnant, inching up a mere 0.1% and underperforming not just the metal sector, but the broader Nifty as well. ADVERTISEMENT While investors watching from the sidelines are left wondering what will finally ignite a breakout and if it is time to buy, experts advise caution until the demerger mystery is resolved. "We would recommend the investor to buy only if the demerger takes place as it will unlock value for the shareholders," Sunny Agrawal, Head - Retail Fundamental Desk at SBI Securities told ETMarkets. The sentiments are echoed by expert Kranti Bathini who suggested a wait and watch strategy as there is a demerger overhang. The company suffered corporate governance issues in the past, he said that the stock's popularity among investors is owing to its high dividend is among the top 10 stocks with highest dividend yield. According to a note by SBI Securities, its dividend yield in FY24, FY23 and FY22 stood at 7%, 24.2% and 10.7%, respectively. Among the largecaps, Vedanta tops the chart with last 12 months yield of 7%, according to Axis Securities. ADVERTISEMENT Vedanta's price performance has been lackluster with six months returns at 2% against a 10% rally in the Nifty Metal index and 5% in the Nifty. ADVERTISEMENT Though metal stocks have picked up in H1CY25, the sector suffered heavily in H2CY24 and that may have had a sentimental impact on Vedanta shares as commodities including metals often mirror international price trends and the cyclical nature adds additional variables in the performance of metal stocks. ADVERTISEMENT Nilesh Jain, Head Vice President, Equity Research Technical and Derivatives at Centrum Broking does not find Vedanta's current proposition attractive on charts. In the absence of any clear trend, it is best to avoid the stock for now, Jain have failed to unbolt despite a host of positive triggers such as: ADVERTISEMENT In March, Vedanta extended the deadline of the demerger of its businesses from March 31, 2025 to September 30, 2025 citing pending approvals from government authorities and National Company Law Tribunal (NCLT). The mining conglomerate is looking to demerge its businesses - aluminium, oil & gas, power and steel- as separate entities. At present, these businesses are subsumed within Vedanta Ltd, which is an Indian arm of UK-based Vedanta Resources. There will be no change in the overall shareholding the demerger, every Vedanta shareholder - both retail and institutional - will receive one new share in each of the newly demerged Anil Agarwal in a letter to company shareholders had said that he envisions each of the four newly demerged companies to potentially grow into a $100 billion company. Read More: Vedanta extends demerger deadline till September 30, cites pending govt, NCLT approvals Metal major Vedanta posted strong operational performance in Q1FY26 across its portfolio. The Lanjigarh Refinery reported a record quarterly alumina production of 587 kt, marking a 9% year-on-year and a 36% quarter-on-quarter India achieved its highest-ever Q1 mined metal production at 265 kt, up 1% YoY, while Zinc International output soared 50% YoY and 12% QoQ. Ferro Chrome production surged 150% QoQ, supported by best-ever ore production, which climbed 66% QoQ. Additionally, power sales rose 11% QoQ, reflecting broad-based strength across segments. Read more: Vedanta Q1 Update: Alumina production up 9% YoY; zinc, ferro chrome hit new records The mining major had reported stellar Q4FY25 earnings posting a 154% year-on-year rise in consolidated net profit to Rs 3,483 crore while the revenue from operations grew 14% YoY to Rs 40,455 has been focusing on deleveraging push. CFO Ajay Goel in a company filing had said that Vedanta balance sheet deleveraged by $500 million in Q4 with a closing net Debt of $6.2 billion, enabling substantial improvement in leverage to Zinc (HZL), a key profit driver for Vedanta, plans to double its capacity to 2mt by the end of the decade from 1.1mt currently and the first step includes a 250kt zinc smelting expansion at Debari with Rs120bn capex, targeting completion in 36 months, Emkay said in a note."Positioned in the lowest quartile of the global zinc cost curve, HZ has 50% EBITDA margins. Management projects EBITDA of Rs 17,000 crore and free cash flow of Rs100bn for FY26E/27E, rising to Rs 20,000 post-expansion. HZ's steady cash flows should support a 4-5% dividend yield and fund further growth. Management remains positive on retaining mines due for re-auction in 2030 and plans to boost renewable energy share to 27% by FY26," this brokerage has taken a 'Buy' view on the counter for a price target of Rs 525. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
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Business Standard
20-05-2025
- Business
- Business Standard
Metal stocks in focus: What should investors do amid global uncertainty?
Metal stocks in focus: The base metal industry seems to be caught in a demand-supply mismatch, threatening the near-term growth outlook for related players. Besides, flip-flops in trade deal negotiations between the United States (US) and China are adding to the uncertainty, leaving analysts cautious about the metal sector. Analysts believe a troica of a supply surplus, weak demand, and strengthening of the US dollar may keep metal prices under pressure in the near-to-medium term, keeping stocks of related players sideways. "Overall, for medium-to-short-term metals stocks are going to be range-bond," said Kranti Bathini, director of equity strategy, WealthMills Securities. Notably, an increase in metal prices aids revenue per unit sold for companies extracting or selling those metals. Conversely, when metal prices fall, earnings drop and stock prices decline. Supply surplus According to International Copper Study Group (ICSG), an autonomous inter-governmental organisation which maintains database for copper prices, global copper market is projected to witness a global surplus of 289,000 tonnes in 2025 -- more than double the 138,000 tonnes recorded in 2024, and significantly higher than previous estimates of 194,000 tonnes. The growing surplus is attributed to increased mine supply and smelting capacity. On the flipside, the organisation expects uncertainties around international trade policy, especially between the US and China, to reduce copper demand. It expects refined copper consumption to grow 2.4 per cent in 2025, lower than the previous projection of 2.7 per cent and a growth of 2.8 per cent in 2024. Copper demand may further slow to 1.8 per cent in 2026—largely driven by a drop in Chinese usage, from 2 per cent this year to just 0.8 per cent next year, it forecasts. China: A key monitorable Analysts view the US-China trade, having a direct impact on China's metal demand, as the key monitorable for metal prices. China is a major global consumer of metals, particularly base metals. According to a note by Motilal Oswal Financial Services, the recently announced US-China tariffs are less severe than expected, but present a notable hurdle to global trade. This, the brokerage believes, could potentially dampen demand for key raw materials used in metal production, capping any gains in metal prices. Last week, the US and China jointly declared a 90-day pause on a portion of their existing tariffs. China agreed to lower tariffs on US goods from 125 per cent to 10 per cent, and the US affirmed to reduce tariffs on Chinese goods from 145 per cent to 30 per cent. Amid severe price volatility, Aluminium is quoting around $2,450.5 on the London Metal Exchange (LME), Copper was at $9,545, and Zinc at $2,658.5. On the bourses, however, the Nifty Metal index has rallied 10 per cent on the National Stock Exchange (NSE) since the announcement, as against the Nifty50's rise of 0.38 per cent. In May so far, the index has gained 7 per cent as against a 2.7-per cent rise in the benchmark index. "Demand trends in China, coupled with the renewed strength in the US dollar, may lead to short to medium term pressure on the metal prices," said Gaurang Shah, head investment strategist, Geojit Financial Services. Silver lining That said, the outlook for domestic metal stocks, analysts believe, remains positive from a long-term perspective. "Robust demand from infrastructure and real estate, back home, may offset weakness in global demand. These two sectors are the largest consumers of metals, both ferrous and non-ferrous," said Gaurang Shah of Geojit. He added: Some upward revision is expected for metal prices. More importantly, the input cost, which was an issue in earlier financial years, has now been lowered. So the profit margins could improve in the long-term. Investment strategy Shah recommends investors to bet on metal stocks from a long-term perspective. He remains upbeat on Tata Steel, JSW Steel, Hindalco, Vedanta, GSPL, and NMDC. Bathini suggests 'buying metal stocks on dips'. He is positive on Hindalco, Vedanta, and JSW Steel.
Business Standard
14-05-2025
- Business
- Business Standard
Nifty Metal index up 3% on 'lag effect' say analysts; Tata Steel climbs 5%
Metal stocks glittered in trade and gained up to 5 per cent on Wednesday, May 14, 2025. The Nifty Metal index, which tracks the performance of the metal and mining sector in India, rose 2.8 per cent, registering the day's high at 9,085.05. At 10:09 AM, all 15 constituents on the Nifty Metal traded positive. Among others, Tata Steel stock was the top gainer rising over 4 per cent, followed by Lloyds Metal and Energy gained 4.16 per cent, National Aluminium Company rose 4.14 per cent. Jindal Stainless and Steel Authority of India (SAIl) was up over 3 per cent. NMDC, Hindalco, Vedanta, Jindal Steel, and Power were up over 2 per cent. Why are investors buying metal stocks? According to analysts, metal stocks are rising amid easing trade tensions between the US and China. "Metal index is on its upward trajectory as geopolitical tensions have been de-escalating and also, the trade negotiations between US and China are going in a very positive direction," said Kranti Bathini, Director - equity strategy, WealthMills Securities. He added: Nifty Metal was in a consolidation phase recently. Echoing a similar view, independent market expert Ambareesh Baliga said that fear of dumping metal stocks is out as trade war worries are softening. Additionally, according to reports, financial institutions are rethinking their China calls after a trade truce and have lifted China's growth outlook which has also boosted sentiments. ALSO READ | Why are metal stocks volatile since the US-China trade deal on Monday? The US and China reached a temporary 90-day truce on tariffs earlier this week. Under the deal, the US will reduce recent tariffs on Chinese imports from 145 per cent to 30 per cent, while China will lower its duties on US goods from 125 per cent to 10 per cent. On Monday, Nifty Metal gained over 5 per cent on the back of US-China trade deal development. However, it slipped nearly 1 per cent on Tuesday. The rise in metal stocks today is due to a 'lag effect', according to Bathini. A 'lag effect' in the stock market refers to a delay between a cause and its observable impact on stock prices. This can happen as traders and investors may have some other better bet than a specific sector. ALSO READ | US-China trade tariff details Since returning to the White House in January, US President Donald Trump launched a flurry of aggressive trade measures that jolted financial markets and ratcheted up recession fears. The duties, which are designed to narrow the US trade deficit, hit China particularly hard. Trump had imposed tariffs of up to 145 per cent on Chinese imports, prompting Beijing to respond with retaliatory curbs of its own, including restrictions on some rare earth elements.
