Equity Alert
Anand Rathi Wealth rises to all-time high post Jul-Sept results
This story was originally published at 11:22 IST on 14 October 2025
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Equity Alert: Anand Rathi Wealth rises to all-time high post Jul-Sept results
MUMBAI--1112 IST--Shares of Anand Rathi Wealth rose over 13% to an all-time high of INR 3,321.40 after the company reported strong September quarter results post market hours Monday. At 1106 IST, the stock was up nearly 12% at INR 3,279.80 and was the top gainer in the Nifty 500 index.
The company's net profit for Jul-Sept rose almost 31% on year to INR 993.51 million. The revenue was up nearly 23% at INR 2.97 billion. Sequentially, the net profit rose over 6% and revenue rose nearly 9%. For the six months ended September, the company's net profit was INR 1.93 billion, up over 29% and revenue was INR 5.71 billion, up 19%. The board of the company approved an interim dividend of INR 6 per share and the record date for the divident is Friday.
The private wealth management company's assets under management per relationship manager rose nearly 18% on year to INR 2.31 billion in the September quarter. The company said in its presentation that its increasing market share in net inflows and better mark-to-market gains will lead to a rise in its overall market share.
So far in the day, nearly 3 million shares of the company were traded on NSE, sharply higher than 118,046 shares traded during the same period on Monday. (Adhithya Aji)
Equity Alert: Tech Mahindra slightly up ahead of Jul-Sept earnings
MUMBAI--1100 IST--Shares of Tech Mahindra rose 2% Tuesday to a three-week high of INR 1,479.80 ahead of its September quarter earnings due later in the day. The stock is up after falling for two consecutive sessions. At 1048 IST, it was over 1% higher at INR 1,468.40.
The company's consolidated net profit is expected to grow almost 14% on quarter and 4% on year to INR 12.94 billion, according to an average of estimates by 17 broking firms. The company's consolidated net profit fell 2.2% sequentially during the June quarter.
Its consolidated revenue is likely to rise a little over 3% sequentially and nearly 4% on year to INR 138.08 billion, as per the average of the estimates. The company's top and bottom lines are expected to rise due to improvement in operational efficiency and growth in select segments. The insurance, retail and banking, and financial services verticals saw growth in the September quarter, according to brokerages tracking the company.
Of the 20 brokerage reports on the stock available with Informist, 13 have a 'buy' or equivalent rating on the stock, six have a 'sell' or equivalent rating, and only Nirmal Bang Equities has a 'hold' rating. So far Tuesday, 483,267 shares of the company have changed hands on the NSE, higher than 254,456 shares traded till same period Monday. (Eshitva Prakash)
Equity Alert: Mkt opens slightly higher as IT stocks rise, HCL Tech up 2%
MUMBAI--0939 IST--Benchmark stock indices opened slightly higher Tuesday, supported by information technology and some oil and gas stocks. Shares of HCL Technology rose nearly 2% and emerged as the best performer in the Nifty 50 index after the company's revenue growth in Jul-Sept surpassed analysts' estimates. Oil and Natural Gas Corp. and Tech Mahindra rose around 1?ch and were among the top gainers in the 50-stock index.
At 0940 IST, the Nifty 50 index was up 0.1% at 25255.20 points and the BSE Sensex index was up 0.1% at 82369.61 points. Among the losers in the Nifty 50 index, Axis Bank and Eternal lost the most and were down 0.5?ch. Most pharmaceutical and healthcare stocks were down, with Dr. Reddy's Laboratories, Sun Pharmaceutical Industries and Cipla trading 0.5-0.2% lower.
Anand Rathi Wealth gained nearly 7%, making it the top performer in the Nifty 500 index. The company's consolidated net profit for the quarter ended September rose a whopping 30.5% on year to INR 993.51 million and its revenue from operations was up 22.6% at INR 2.97 billion. Multi Commodity Exchange of India and Syrma SGS Technology rose around 4?ch. None of the stocks on the Nifty 500 lost more than 2%.
In the Nifty 200 universe, Waaree Energies and Tata Communications were the top gainers, rising around 4?ch. Mankind Pharma and One 97 Communication lost 1?ch and both stocks were the worst performers in the index.
The Nifty IT emerged the leader within sectoral indices, gaining over 1%. Nifty Oil & Gas and Nifty Metal rose 0.7?ch. Nifty Pharma, Nifty PSU Bank, Nifty Healthcare, and Nifty Consumer Durables fell 0.4-0.2?ch. All broader market indices saw gains and the Nifty Smallcap 50 rose 0.5%. Nifty Midcap 100 rose for the fourth consecutive session and was up 0.2%. (P. Madhu Kumar)
Equity Alert: Nomura evenly splits target price for Tata Motors' PV, CV cos
MUMBAI--0847 IST--Nomura has split the target price almost evenly between the two entities of Tata Motors post the demerger of its commercial vehicle and passenger vehicle businesses. The brokerage has set its target price for the CV entity at INR 365 per share and for the PV entity at INR 367 per share.
The demerger has come into effect from Oct. 1, with Tuesday as the record date for shareholder entitlement. The brokerage sees a technical risk for the share price after its reduced weight in indices. Nomura has maintained its 'neutral' rating on the stock and said it will update its estimates once pro-forma financials are available post-results.
For the PV business, Tata Motors' management targets double-digit earnings before interest, tax, depreciation, and amortisation margin in the medium term, compared to 3.9% in the June quarter, aided by a richer mix of products, improved pricing, and cost efficiencies. "The premiumisation trend remains evident, with a surge in bookings for compact and micro SUVs (sport utility vehicles) including the Punch and Nexon. The recently unveiled Harrier EV has also seen encouraging initial response, with bookings surpassing early expectations," Nomura said.
For the Jaguar Land Rover business, the brokerage expects production to pick up in coming weeks after facing a significant impact due to a cybersecurity incident in September. Nomura estimates EBIT margins for JLR at 6.2% for 2025-26 (Apr-Mar) and 7.6% for FY27. The company's management had guided an EBIT margin of 5-7% for FY26 and zero free cash flow, which the brokerage believes might have some downside risk.
Tata Motors sees the CV industry to grow 5% in FY26, driven by the cut in the goods and services tax. The CV entity includes the acquisition of Iveco from April 2026. Tata Motors guided a revenue compounded annual growth rate of 5% over 2024-28 and raised EBIT margin to 7.5% from 5.4%.
The PV company will consist of Tata Motors' domestic PV business, Jaguar Land Rover business, stake in Tata Sons, Tata Steel, and Tata Technology, along with other investments. The CV entity will have the domestic CV business, Iveco business, whose acquisition is set to be completed in 2026, and the stake in Tata Capital. (Simran Rede)
Equity Alert: Analysts point to high valuation of HCL Tech despite strong Q2
MUMBAI--0904 IST--Some brokerages have pointed to the high valuations of HCL Technologies even though they were positive about the company' September quarter earnings. HCL Technologies beat expectations on revenue growth and operating margin for the quarter, but some brokerages see only a limited upside in the stock.
HCL Tech's valuations were on par with Tata Consultancy Services and Infosys, even as the margin was comparatively lower, Nuvama Institutional Equities said in a report. Owing to this, Nuvama expects the stock to see limited upside from the current levels. The brokerage retained its 'hold' rating on the stock and raised the target price marginally to INR 1,650, indicating a rise of just over 10%. Monday, shares of the company closed at INR 1,494.70 per share.
Brokerage Morgan Stanley also said further gains in shares of HCL Tech will be limited after the recent outperformance of the stock. Shares of the company have risen nearly 2% over a month as compared to a decline over 2% in the Nifty IT index.
A lower margin profile would lead to only a 0.2% rise in earnings per share of HCL Tech in 2025-26 (Apr-Mar) and may be an overhang on FY27 earnings as well, Nuvama said. Most brokerages have not made any major change in their EPS estimates for FY26 and FY27 as they await better margins. Nomura expects margins to rise to near 18% only in FY27. The brokerage has a 'buy' rating on HCL Tech with a target price of INR 1,660 per share.
Some other brokerages are more bullish on the stock as they expect a much quicker improvement in margins. Nirmal Bang Institutional Equities expects the company's margin to improve to 18.5% in FY27. The brokerage upgraded the stock to 'buy' and raised its target price by 3% to INR 1,727 on expectation of the company benefiting from advanced artificial intelligence in the coming quarters. (Anshul Choudhary)
Equity Alert: Most indices in Asia up as US-China trade tensions ease
MUMBAI--0830 IST--Most indices in Asia recovered partially from Monday's decline as trade-related tensions between the US and China eased. Most indices in the region had started the week lower following US President Donald Trump's threat to levy an additional 100% tariff on China, as a retaliation to Beijing tightening rare earth export rules. China announced that it will start charging US ships for docking at Chinese ports, in response to the US imposing fees on Chinese ships. Both he levies are scheduled to begin from Tuesday.
Trump's conciliatory remarks over the weekend on his Truth Social platform on the US-China relations alleviated some concerns around trade tensions between the two countries. "The reason is not so much the reassuring President Trump tweet over the weekend, but the fact that China may be the only country with bargaining power, where the US may have to be more flexible in its negotiation stance," Citi analysts were quoted by Reuters as saying.
China's blue-chip CSI 300 index was up 0.2?ter it fell 0.5% Monday. Hong Kong's Hang Seng index was choppy, declining 0.3?ter it had fallen 1.5% Monday.
The FTSE Singapore Straits Times index was marginally higher. Singapore's GDP grew 2.9% in the September quarter, slower than the 4.5% growth in the June quarter, Channel NewsAsia said, citing preliminary government data released on Tuesday. The preliminary reading was better than the 1.9% rise expected by economists polled by Reuters.
Markets in Japan were lower after trading began post the Sports Day holiday on Monday. The benchmark Nikkei 225 index and the broader Topix index fell around 1?ch in early trade.
Following were the levels of key Asian indices at 0830 IST:
|
Index |
Level |
Change in % |
|
CSI 300 Index |
4615.60 |
0.47 |
|
Hang Seng Index |
25918.21 |
0.11 |
|
Nikkei 225 Day |
47520.57 |
(-)1.18 |
|
TOPIX FIRST SECTION |
3153.50 |
(-)1.38 |
|
KOSPI |
3612.31 |
0.77 |
|
FTSE Singapore Strait Times |
4387.62 |
(-)0.05 |
|
S&P/ASX 200 Index |
8886.50 |
0.04 |
(Eshitva Prakash)
Equity Alert: Mkt seen flat to tad up on Trump's soft tone on US-China woes
MUMBAI--0809 IST--Benchmark indices are expected to be flat or slightly higher Tuesday after US President Donald Trump's statements on trade tensions between the US and China soothed investor nerves. "Don't worry about China, it will all be fine!," Trump wrote in a Truth Social post, adding that the US did not want to "hurt" China. This comes after China accused US of "double standards" over its additional 100% tariff on Chinese goods imported in the US.
The Chinese government said this move is "a typical example of US double standards" and China could introduce its own unspecified "countermeasures" if Trump carries out his threat, adding it was "not afraid" of a possible trade war, according to a BBC report. On the other hand, US Treasury Secretary Scott Bessent Monday said Trump is still scheduled to meet Chinese leader Xi Jinping in South Korea later this month.
Back home, equity indices will also likely take cues from the announcements of quarterly earnings of companies which will pick up momentum in the coming sessions. Tata Motors will be in focus as exchanges will hold a special trading session for price discovery of the company's stock, which will represent passenger vehicles operations.
At 0809 IST, the GIFT Nifty's October contract was at 25322.50 points, nearly 92 points higher than the Nifty 50's closing level Monday. The Nifty 50 settled at 25227.35 points, down 58 points or 0.2% on Monday and the BSE Sensex ended at 82327.05, down 173.77 points or 0.2%. Analysts maintain their positive view on the Nifty 50 till it holds above 25000 points on closing basis.
Additionally, investors will react to the September quarter earnings of HCL Technologies and the post-results management commentary, which came in after market hours Monday. Tech Mahindra, a Nifty 50 company, is slated to declare its September quarter results later in the day. LG Electronics India Ltd. is set to list on the bourses Tuesday.
On the global front, US indices ended sharply higher Monday, led by gains in Broadcom and other chipmakers, after Trump struck a conciliatory tone about renewed US-China trade tensions, easing investor worries. However, safe-haven gold hit fresh record highs, signalling continued uncertainty. On the other hand, Asian indices were mixed in early trade Tuesday. (Simran Rede)
Equity Alert: US indices rise amid signs of easing trade tensions with China
MUMBAI--0740 IST--Equity indices in the US partially recovered from the sharp fall on Friday after US President Donald Trump's conciliatory statements on trade with China boosted sentiment. In an interview with Fox Business Network, US Treasury Secretary Scott Bessent said Trump was on track to meet China's President Xi Jinping in South Korea as the two sides work on easing trade frictions. Artificial intelligence-related stocks were among the biggest gainers and shares of Broadcom surged on its deal with OpenAI.
Indices in the US had declined sharply Friday, following Trump's threats to impose additional 100% tariffs on China after Beijing earlier announced that it would expand its export controls on rare earths. However, Trump's post on Truth Social over the weekend indicated he might not follow through with his plans, media reports said. "Don't worry about China, it will all be fine! Highly respected President Xi just had a bad moment. He doesn't want Depression for his country, and neither do I," Trump wrote on Truth Social over the weekend.
The Dow Jones Industrial Average was 1.3% higher and the S&P 500 advanced almost 1.6%. The Nasdaq Composite advanced a little over 2%.
Broadcom and OpenAI Monday said they were jointly building and deploying 10 gigawatts of custom artificial intelligence accelerators as part of a broader effort across the industry to scale AI infrastructure, CNBC reported. Shares of Broadcom rose almost 10% and others in the same sector, such as Nvidia Corp. and Micron Technology advanced 3% and 6%, respectively. "AI continues to be the momentum driver, and it's not surprising investors have purchased the dip," Sam Stovall, chief investment strategist at CFRA Research, was quoted as saying by Reuters.
Among other stocks, shares of Oracle rose over 5?ter at least two brokerages raised their price target on the AI cloud firm, Reuters reported. Estee Lauder, a cosmetics company, ended nearly 6% higher after Goldman Sachs upgraded the stock's rating to 'buy' from 'neutral'.
Following are the closing levels of US indices Monday:
|
Index |
Level |
Change in % |
|
S&P 500 |
6654.72 |
1.56 |
|
NASDAQ Composite |
22694.61 |
2.21 |
|
Dow Jones Industrial Average |
46067.58 |
1.29 |
(Eshitva Prakash)
End
US$1 = INR 88.79
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Tanima Banerjee
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