More Stories

Informist, Friday, Dec. 5, 2025                                      Tel +91 (22) 6985-4000

Equity Alert: HUL down 6% as stock price adjusts for Kwality Wall's demerger

MUMBAI--1125 IST--Hindustan Unilever fell almost 6% to an intraday low of INR 2,286.70, as the stock adjusted for the demerger of the company's ice-cream business, Kwality Wall's (India). The stock had a discovered price of INR 2,422 apiece. As per the demerger plan, which has been approved by various legal and regulatory agencies, HUL shareholders will receive one share of Kwality Wall's (India) for every HUL share owned. Unilever group arm Magnum HoldCo. will acquire majority stake in Kwality Wall's (India).

At 1112 IST, shares of the company were off lows and traded nearly 3% lower at INR 2,351.40. Around 1.6 million shares of the company have changed hands so far on the National Stock Exchange, fourfold higher than the 379,869 shares traded till the same time Thursday. On BSE, shares of the company adjusted to INR 2,424.

Of the 23 brokerage recommendations available with Informist on Hindustan Unilever, 19 have a 'buy' or equivalent rating on the stock with a target price of INR 2,812. Three brokerages have a 'hold' rating, while Dolat Capital Market has a 'sell' recommendation. 

(Eshitva Prakash)

Equity Alert: Prestige Estates up over 2%, Motilal Oswal reiterates buy rtg 

MUMBAI--1120 IST--Shares of Prestige Estates Projects rose over 2% to an intraday high of INR 1,693.80 Friday. Brokerage firm Motilal Oswal Financial Services reiterated its 'buy' rating on the stock with a target price of INR 2,295. This is 38% higher than the current market price of INR 1,659. The company's strong market share gains in the Mumbai Metropolitan Region, significant traction in the National Capital Region, and scaling up in Pune led the brokerage to reiterate their rating.  

The brokerage expects the company's strong pipeline of INR 770 billion to drive a compound annual growth rate of 40% in presales from 2024-25 (Apr-Mar) to FY28. The company's strategic launches, planned over metropolitan regions such as Bengaluru, Mumbai, Goa, and Hyderabad, along with the ongoing inventory of INR 199 billion, are expected to boost its sales performance, with sustenance sales estimated to contribute at least 30% of presales, Motilal Oswal said in a report.

Motilal Oswal also expects Prestige Estates' retail rentals to triple by FY28. Its office and retail rental income is likely to cumulatively post a 53% compound annual growth rate to INR 25.1 billion, while hospitality revenue is expected to post a 22% compound annual growth over FY25 to FY28, reaching to INR 16 billion, the brokerage said in its report. This may likely result in the re-rating of the stock, ET Now said in its X post, quoting the brokerage as saying.

It also expects the company's net debt to peak in FY27, with collections expected to outpace presales, ET Now said in its post.

All the 10 brokerage reports available with Informist on Prestige Estates have a 'buy' rating with an average target price of INR 2,081. At 1118 IST, shares of the company traded 2% higher at INR 1,689 on the National Stock Exchange. Over 260,000 shares of the company changed hands on the NSE so far, compared to 70,303 shares traded till the same time Thursday.  (Arundathi A R)

Equity Alert: Mkt recovers after a brief fall, RBI rate cut cheers Street

MUMBAI--1055 IST--Domestic benchmark indices bounced back after briefly slipping into the red. The indices rose steadily after the RBI reduced the policy repo rate by 25 basis points to 5.25%. The central bank's decision cheered the Street, as market expectations were equally divided between a rate cut and status quo. Interest rate-sensitive sectors such as realty, banking, and financial services traded higher.

Before the RBI governor's speech, indices were choppy after opening slightly lower. At 1040 IST, the Nifty 50 was at 26067.20 points, up 33.45 points or 0.1%. The 50-stock index rose to a high of 26113.85 points. The BSE Sensex was at 85372.98 points, up 107.66 points or 0.1%. The 30-stock index rose to a high of 85522.97 points.

However, broader market indices remained under selling pressure, with small-cap indices falling more than their mid-cap peers. While small-cap indices were in the red since open, mid-cap indices rose soon after the rate-cut decision but fell slightly thereafter.

Among sectoral indices, those pertaining to real estate, state-owned banks, and financial services were in the green. The Nifty PSU index was up around 1% and was the top gainer among its peers. Indian Bank, Punjab National Bank, and Canara Bank were up 1-2%.

Most real estate companies rose after the rate cut announcement. The Nifty Realty index was up 0.6%, with all its constituents barring The Phoenix Mills and Anant Raj Ltd. trading higher. Oberoi Realty, Prestige Estates Projects, DLF, and SignatureGlobal (India) were the top gainers, up around 1% each. (Gopika Balasubramanium)

Equity Alert: Citi maintains 'buy' on InterGlobe Aviation, target INR 6,500

MUMBAI--1042 IST--Global brokerage Citi has maintained a 'buy' rating on InterGlobe Aviation for a target of INR 6,500, ET Now said in a social media post. The brokerage expects more flight disruptions in the near-term but also expects the situation to normalise completely within one month.

At 1042 IST, shares of the company were down 3% at INR 5,276.50, with over 2.4 million shares changing hands on NSE. Earlier in the day, the shares fell to a low of INR 5,272.

InterGlobe Aviation's management said the recent situation has led to operational disruptions and IndiGo is adjusting schedules to stabilise operations. Citi expects the company's recalibration steps over the next 48 hours to help improve one-time performance. One-time performance has dropped across airlines as IndiGo's complex network amplifies disruptions, Citi said.

The new flight duty time limitation rules are likely to reduce rostering flexibility, which may lead to lag in the normalisation of operations. The depreciation of the rupee against the dollar and rising aviation turbine fuel prices could also weigh on the profits of the company for the December quarter, Citi said.

Of the 11 brokerage reports available with Informist on InterGlobe Aviation, eight have a 'buy' rating on the stock with an average target price of INR 6,310. Two brokerages have a 'sell' rating while one has a 'sell' rating. (Adhithya Aji)

Equity Alert: Zen Tech up 4% after INR 1.20-billion defence ministry order

MUMBAI--1009 IST--Shares of Zen Technologies rose nearly 4% Friday after five consecutive sessions of decline. The stock rose to a one-week high of INR 1,425. The company late Thursday said it has received an order worth INR 1.20 billion from the Ministry of Defence to supply a comprehensive training node comprising a suite of various training simulators and equipment.

The Hyderabad-based company develops and manufactures combat training solutions for the training of defence and security forces globally and also provides counter-drone solutions for border and critical infrastructure protection.

At 0948 IST, shares of the company were off highs, but were still the top gainers in the Nifty 500 index. Its shares traded 2% higher at INR 1403.60 and over 500,000 shares were traded on the National Stock Exchange so far, nearly 12 times the 42,114 shares traded till the same time Thursday. The stock had fallen for five consecutive sessions, during which it lost a little over 2%.

Of the four brokerage reports available with Informist on the stock, ICICI Securities and Elara Securities (India) have a 'buy' rating on the stock with a target price of INR 1,520 and INR 2,120, respectively. Motilal Oswal Financial Services and Nuvama Institutional Equities have a 'hold' or equivalent rating on the stock.  (Eshitva Prakash)

Equity Alert: Indices choppy ahead of RBI's MPC meet outcome

MUMBAI--0952 IST--Benchmark equity indices swung between gains and losses after opening slightly lower ahead of the outcome of Reserve Bank of India's Monetary Policy Committee meeting later in the day. Shares of select banks, financial services, and information technology companies remained higher.

The Street would be focussed on RBI Governor Sanjay Malhotra's speech that starts at 1000 IST. Market participants' views are divided on whether the RBI will reduce interest rates in the meeting. The Street will keenly watch whether the RBI revises its GDP growth projections for the current financial year, especially after the surprise GDP growth of 8.2% in the September quarter. Currently, the central bank expects a GDP growth of 6.8% for FY26. 

At 0939 IST, the Nifty 50 was at 26033.60 points, up 0.15 points. The BSE Sensex was at 85246.08 points, up 19.24 points. While all broader market indices were in the red, sectoral indices remained mixed. Nifty IT, Nifty Realty, and Nifty Auto were up 0.2-0.4% and were the top gainers among the sectoral indices, while Nifty Media and Nifty Metal were the worst hit, down 0.5-0.6%. 

Most information technology stocks rose, extending their gains for the third straight session buoyed by rupee depreciation and reinforced expectations of a rate cut by the US Fed next week. The rupee's depreciation is favourable for IT companies as more than half of their revenue comes from clients in the US. Among individual stocks, InterGlobe Aviation fell over 1% and was the top laggard in the Nifty 50. Global brokerage Morgan Stanley has cut its target price on InterGlobe Aviation by more than 2% to INR 6,540. (Arya S. Biju)

Equity Alert: Indices expected to open tad higher, MPC meet outcome in focus

MUMBAI--0836 IST--Benchmark equity indices are likely to open slightly higher Friday as indicated by the futures contract of GIFT Nifty. Investors will track the outcome of the Reserve Bank of India's Monetary Policy Committee meeting. Market participants are split on expectations of a rate cut. However, a depreciating currency would continue to exert some pressure on equities, analysts said. 

The Nifty 50 is expected to move between 25980 and 26170 points and there would be some upside for rate cut-sensitive sectors such as banking and automobiles, said Anshul Jain, head of research at Lakshmishree Investment and Securities. He expects the RBI to cut the repo rate.

The December contract of the GIFT Nifty indicates a higher opening for the 50-stock index. At 0809 IST, the contract was at 26185 points, up 4 points. The Nifty 50 closed Thursday's session at 26033.75 points, up 47.75 points or 0.2%. The 50-stock index managed to close above its crucial support of 25900 points. The BSE Sensex closed at 85265.32 points, up 158.51 points or 0.2%. Analysts said investors would view each dip as a buying opportunity.

Higher volatility is likely as the RBI will announce its monetary policy, Vipin Kumar, assistant vice president – technical and derivatives at Globe Market Capital, said. Kumar expects the Nifty 50 to find support around 25930-25850 points and face resistance around 26100 points in Friday's session. "Sustenance above 26150 (points) will reverse the short-term direction in favour of bulls," Kumar said.

Overnight, US indices ended the session largely flat. With the November payrolls data scheduled for release after the US Federal Reserve's December meeting due to the extended government shutdown, investors looked to other indicators to gauge the labour market, which has given a mixed view. A Labor Department report showed initial jobless claims dropped to their lowest level in more than three years, although market participants suggested the decline could have been in part due to the Thanksgiving holiday, Reuters reported. However, hope of a cut in the federal funds rate persists. In Asia, most equity indices were lower in early trade, barring South Korean and Australian indices, which were trading higher.  (Gopika Balasubramanium)

Equity Alert: Morgan Stanley cuts InterGlobe target price 2% on rising costs

MUMBAI--0825 IST--Global brokerage Morgan Stanley has cut its target price on InterGlobe Aviation by more than 2% to INR 6,540 from INR 6,698, according to ET Now's post on social media platform X. The brokerage also cut its earnings before interest, tax, depreciation, amortisation estimates and its earnings per share estimate for the company, but maintained an 'overweight' rating.

The IndiGo airlines owner is facing headwinds from higher costs, which is a sector-wide phenomenon, the brokerage said. Morgan Stanley slashed its EBITDA estimates for the company by 1-4% from 2025-26(Apr-Mar) through FY28 as it argued that better yields from its services were unable to fully offset higher staff and management costs. The brokerage, however, expects a gradual increase in fares to partially offset this rise in expenses. The brokerage also cut its earnings per share estimate for the company by 20% each in FY27 and FY28 on the back of higher depreciation and finance costs. The company's capacity also remains constricted, according to the brokerage. A tight supply, an elevated cost per available seat kilometre, and rising revenue from international operations are expected to support the company's valuation multiples, the brokerage said. 

On Thursday, shares of InterGlobe Aviation ended almost 3% lower at INR 5,436.50 after the Directorate General of Civil Aviation questioned the company over flight delays and cancellations. The company's shares have declined more than 8% in the last five trading sessions. Owing to scheduling delays, several IndiGo flights have been cancelled over the past few days as a pilot shortage disrupted its operations following the enforcement of the new flight duty time limitation rules. 

Of the 11 brokerage reports available with Informist on InterGlobe Aviation, eight have a 'buy' rating on the stock with an average target price of INR 6,310. Two brokerages have a 'sell' rating on the stock while one has a 'sell' rating.  (Eshitva Prakash)

Equity Alert: Asian indices open lower on subdued cues from Wall Street

MUMBAI--0820 IST--Most equity indices in Asia were down in early trade Friday, tracking overnight subdued cues from Wall Street. Japan's Nikkei 225 and broader Topix were the major drags among all indices. The Nikkei 225 fell after closing with gains for the previous three straight sessions. South Korea's KOSPI and Australia's SP/ ASX 200 indices opened higher.

Japan's Nikkei 225 and broader Topix were down over 1%. "A weaker-than-expected spending data underscored the scourge of inflation as bets grew that the Bank of Japan would hike interest rates," Reuters reported. The yield on the Japanese 10-year government bond rose to 1.94%, the highest since July 2007, CNBC reported, citing data from London Stock Exchange Group.

Shares of Soft Bank rose nearly 4%. Masayoshi Son, the bank's chief executive officer, downplayed the decision to offload the conglomerate's entire Nvidia stake, saying he "was crying" over parting with the shares, CNBC reported.  

Market participants will keep an eye on the upcoming Reserve Bank of India's rate decision. The US personal consumption expenditures price index for September, due later in the day, is also in focus. "Forecasts are centred on a 0.2% rise in the core measure, leaving the annual rate unchanged at 2.9%," according to a Reuters report. 

Following were the levels of key Asian indices at 0816 IST:

(Arundathi A R)

Equity Alert: US indices end mixed Thu; Dow Jones ends lower after 2-day rise

MUMBAI--0740 IST--The S&P 500 and Nasdaq Composite ended slightly higher Thursday due to heightened hopes of a cut in key interest rates by the US Federal Reserve at its meeting next week. The Dow Jones Industrial Average index, which closed with gains in the previous two sessions, ended slightly lower. Both the S&P 500 and Nasdaq Composite indices ended higher for the eighth time in last nine sessions.

Market participants tracked the latest weekly jobless claims numbers, which showed jobless claims for the week ended Nov. 29 totalled a seasonally adjusted 191,000, down 27,000 from the prior week and below the Dow Jones consensus estimate of 220,000, CNBC reported.

Traders are now pricing in an 87% chance of an interest rate cut at the US Federal Reserve's meeting this month, higher than a near 67% chance a month ago, according to the CME Fedwatch tool.

"Everybody's waiting around to see what the Fed thinks with any of this data that they've seen come in because the last comments from Fed Chair Jerome Powell were a little bit on the hawkish side, but cuts are fully expected," Reuters reported, quoting Mike Dickson, head of research and quantitative strategies at Horizon Investments, as saying.

Shares of Amazon fell over 1%, which limited further advance in the S&P 500 index. The company said it was in discussions with the US Postal Service about their future relationship and was considering its options before its contract expires next year, Reuters reported.

Among the 11 major sectors in the S&P 500 index, the consumer staples index was the worst performer. This was led by a near 5% fall in Kroger Co. after the supermarket chain narrowed its annual sales forecast and missed quarterly sales estimates, Reuters reported. The US-based Snowflake fell nearly 12% after the cloud data analytics company's fourth-quarter product revenue forecast was below the growth expectations of investors. 

Meta Platforms rose over 3% following a Bloomberg report that the Facebook parent planned cuts of up to 30% of its Metaverse budget, Reuters reported. Hormel Foods advanced almost 4% after the company forecast annual profit above estimates.

Following are the closing levels of US indices Thursday:

(Arundathi A R)

US$1 = INR 89.89

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

Edited by Avishek Dutta

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

All times are Indian Standard Time.

NSE: National Stock Exchange
NYSE: New York Stock Exchange
NYMEX: New York Mercantile Exchange
SEBI: Securities and Exchange Board of India
RBI: Reserve Bank of India

Internet links:
Securities and Exchange Board of India - http://www.sebi.gov.in
Bombay Stock Exchange - http://www.bseindia.com
National Stock Exchange of India - http://www.nseindia.com
Directory of Indian government websites - http://goidirectory.nic.in
Indian Ministry of Finance - http://www.finmin.nic.in
Reserve Bank of India - http://rbi.org.in
Controller General of Accounts, Government of India - http://www.cga.nic.in
Government's Press Information Bureau - http://www.pib.nic.in

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd by NSE Data & Analytics Ltd, a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt Ltd.

Informist Media Tel +91 (22) 6985-4000

Send comments to feedback@informistmedia.com

© Informist Media Pvt. Ltd. 2025. All rights reserved.