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Informist, Tuesday, Jan. 6, 2026                                      Tel +91 (22) 6985-4000

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Equity Alert: Tata Motors PV falls 4% to intraday low; JLR Q3 volumes down

 

MUMBAI--1025 IST--Shares of Tata Notors Passenger Vehicles fell nearly 4% Tuesday before coming off lows. The fall comes after Jaguar Land Rover reported a fall in its volumes on a quarterly and year-on-year basis. The wholesale volumes for the December quarter, excluding the Chery Jaguar Land Rover China joint venture, fell 43.3% on year to 59,200 units, down 10.6% on quarter. Wholesale volumes for the financial year to date also fell 26.6% on year to 212,600 units. 

 

The company witnessed a broad decline in its retail volumes as well, with its retail sales inclusive of Chery Jaguar Land Rover joint venture, falling 25.1% on year to 79,600 units in December. The fall in sales highlights the company's serious operational vulnerabilities that were exposed due to the cyber incident, ICICI Securities said in a research report. Intensified pressure from Jaguar's model wind-down and the US tariffs also affected the volumes. Persistent regional declines in key markets such as North America and China underscore the intensifying global obstacles for luxury automakers, as recovery for Jaguar Land Rover hinges on new launches and normalised production, the brokerage said.

 

However, the rising 74.3% mix of high-margin premium lines of Range Rover, Sport, and Defender signals resilient demand in the high-end category that could cushion profitability when results emerge, according to the brokerage. Even though the near-term impact is expected to further negatively affect the December quarter results, constant focus on high-margin models provides a foundation for recovery, the brokerage added. 

 

At 1012 IST, shares of Tata Motors Passenger Vehicles traded nearly 2% lower at INR 366.80 on the National Stock Exchange. Nearly 8.70 million shares of the company have traded on the bourse during the session so far, nearly 5 times higher than the quantum during the same time Monday. Shares of the company rose for the previous five consecutive sessions, gaining over 4%. 

 

Out of the 17 brokerage reports on the company available with Informist, seven have a 'buy' recommendation with an average target price of INR 788 while six have a 'sell' rating with an average target price of INR 490. The remaining four have a 'hold' recommendation with an average target price of INR 570. (Akshat Saksena)

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Equity Alert: RIL down 4%; co denies reports of Russian crude deliveries

 

MUMBAI--1010 IST--Shares of Reliance Industries fell nearly 4% to a one-month low of INR 1,517.80 on NSE. The company Tuesday said its Jamnagar refinery in Gujarat has not received any cargo of Russian oil in the past three weeks and it does not expect any Russian crude oil deliveries in January as well. Earlier, a news report claimed that three vessels laden with Russian oil were headed towards Reliance Industries' Jamnagar refinery.

 

At 1009 IST, shares of the company were slightly off lows at INR 1,526.60, but still trading over 3% lower. The company's shares declined Monday, after rising for three consecutive sessions, during which they added over 3%. The company said on social media platform X that a Bloomberg report claiming "three vessels laden with Russian Oil heading for Reliance Industries' Jamnagar refinery" was blatantly untrue." Reliance had announced in November that it would stop using Russian crude oil at the export-focussed part of its refinery, according to the Bloomberg report. Russian company Rosneft was previously the refiner's largest source of Russian oil, underpinned by a term deal to supply 500,000 barrels a day, as per the report.

 

All the 15 brokerage recommendations available with Informist on Reliance Industries have a 'buy' call on the stock with an average target price of INR 1,684.  (Eshitva Prakash)

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Equity Alert: Trent plummets 8%; co's Q3 revenue growth misses estimates

 

MUMBAI--1005 IST--Shares of Trent fell over 8% to an intraday low of INR 4,060 after the company's December quarter revenue from sales of product fell short of brokerages' estimates. The company reported 17% on year growth in revenue in the December quarter and an 18% growth in Apr-Dec period, as opposed to around 20% growth in Oct-Dec expected by brokerages. At 0945 IST, shares of the company traded a little more than 7% lower at INR 4,108.20 on the NSE. Around 2.5 million shares of the company have changed hands on the bourse so far, higher than the one-month average volume of 782,777.

 

ICICI Securities expected the company's December quarter revenue growth to be higher than 20% on the back of higher sales in the festive season and the downward revision in goods and services tax. The brokerage expects further downgrade in estimates considering the weak results.

 

The company's implied net standalone revenue stood at INR 52.20 billion, slightly weaker than Motilal Oswal Financial Services' estimate of 20% on year growth. The brokerage said that revenue growth is primarily driven by an around 28% on year increase in store count, with revenue per store declining 11% on year and around 9% on year fall in the first half of the financial year. The brokerage sees this as a sign of continued cannibalisation in store-level sales. The company's stock price had risen in the last few days on expectations of a pick-up in revenue growth, the brokerage said.

 

However, the pace of store additions remained robust, with 77 net store additions, bringing the total fashion store count to 1,178, up 28% on year, Motilal Oswal said. The company's Westside store recorded yet another highest quarterly net store addition at 17, taking the total count to 278, up 17% on year. Zudio added 48 net stores in Oct-Dec to reach 854 stores, growing 34% on year. 

 

Motilal Oswal said store additions typically pick up pace in the March quarter, and it is focussing on further scale-up of Trent's fashion presence as it remains the biggest growth driver amid weak same-store sales growth metric.  (Eshitva Prakash)

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Equity Alert: Indices open lower as heavyweight stocks fall; RIL down 3%

 

MUMBAI--0931 IST--Domestic benchmark equity indices opened lower Monday as index heavyweights Reliance Industries and HDFC Bank were down over 3% and nearly 2%, respectively. Meanwhile, shares of ICICI Bank were up over 2%.     

 

At 0931 IST, the Nifty 50 was at 26182.50 points, down 67.80 points or 0.3%, and the BSE Sensex was at 85105.51 points, down 334.11 points or 0.4%. Hindalco Industries was the top gainer in the 50-stock index, up nearly 3%, followed by Apollo Hospitals Enterprise, which rose 2%. 

 

Shares of Trent were the worst hit in the Nifty 50 index, down nearly 8?spite the company reporting 17% on-year growth in its revenue from the sale of products, exclusive of goods and services tax, at INR 52.20 billion for the December quarter. The company's sales were below the estimates of brokerages. The stock was also the worst hit in the Nifty 200 and Nifty 500 indices.  

   

Shares of Axis Bank were the top gainers in the Nifty 50 index in the open, up over 1%. The stock rose after the bank's gross advances increased 14.1% on year to INR 11.71 trillion as of Dec. 31. The stock later came off highs, up 0.7%.   

 

Tata Motors Passenger Vehicles' shares were down nearly 3% as the company's UK subsidiary Jaguar Land Rover's wholesale and retail volumes fell on a quarter-on-quarter and year-on-year basis in the December quarter. Wholesale volumes for the December quarter, excluding the Chery Jaguar Land Rover China JV, declined to 59,200 units, down 43.3% on year and 10.6% on quarter 

 

L&T Finance was the top gainer in the Nifty 200 at open, up over 2%. The company Monday said that its retail loan book rose 21% on year to INR 1.12 trillion as of Dec. 3. Poly Medicure was the top gainer in the Nifty 500 index, up 6%. (Adhithya Aji) 

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Equity Alert: Most Asian indices higher; KOSPI, S&P/ASX 200 fall

 

MUMBAI--0835 IST--Most equity indices in Asia were higher Tuesday, barring South Korea's KOSPI, and the Australian S&P/ASX 200. This comes as markets in the region continue to weigh the US-Venezuela tensions. 

 

The KOSPI is down after reaching a record high for the previous session. South Korea's foreign exchange reserves fell by $2.6 billion in December to $428.05 billion, its first decline in seven months, according to an article from the Chosun. Samsung Electronics Co. is expected to report an operating profit of $11.7 billion for the December quarter as per analysts, Reuters said in a report. This is largely driven by the severe chip shortage that has pushed memory prices higher as customers scramble to meet demand for artificial intelligence. Shares of Samsung were trading nearly 2% lower on the KOSPI during the session.

 

Shares of Chinese technology companies led the surge that helped Hong Kong stocks reach a seven-week high, according to a report from South China Morning Post. The shares of Chinese technology companies were seen as alternatives to their US peers as investors are concerned about the latter's expensive valuations, the report said. Investors also wagered that China will ramp up policy support to help economic growth in 2026 as recent monthly data pointed towards a broad-based slowdown.    

 

Following were the levels of key Asian indices at 0823 IST: 

 

Level	Last	Change in %
CSI 300 Index	4741.4847	0.50
S&P/ASX 200 INDEX	8692.9	(-)0.41
FTSE Singapore Straits Times	4718.86	0.82
TOPIX FIRST SECTION	3522.61	1.30
SSE Composite Index	4046.9464	0.58
KOSPI	4440.05	(-)0.39
Nikkei 225 Day	52191.58	0.69
TAIEX	30271.57	0.55
IDX Composite	8872.61	0.15
Hang Seng	26624.86	1.05

 

(Akshat Saksena)

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Equity Alert: Indices likely to rise Tue on positive global cues

 

MUMBAI--0822 IST--Benchmark indices are likely to open higher Tuesday on positive global cues, with indices in the US and Asia up. Positive sentiment around the December quarter earnings has pushed benchmark indices to record highs recently and the sentiment is likely to continue Tuesday.

 

GIFT Nifty contracts suggest the Nifty 50 index may open more than 100 points higher. At 0757 IST, the GIFT Nifty's January contract was at 26390 points, higher then the Nifty 50's close of 26250.30 points on Monday.

 

US markets gained overnight with the Dow Jones Industrail Average index up more than 1%. US investors hope President Donald Trump's plans to increase oil production in Venezuela could benefit companies. Analysts in India said crude prices could fall if oil supply from Venezuela increases, giving Indian companies opportunity to buy crude oil at lower prices. Brent crude futures were down slightly Tuesday, with the March contract trading at $61.54 per barrel.

 

Most Asian markets were up with indices in Hong Kong, Japan, China up 0.7-1.4%. Among others, South Korea's Kospi was down 0.4%. Shares of semiconductor companies in the region continued to gain due to optimism around artificial intelligence.

 

On Monday, the Nifty 50 index closed lower after rising in the previous three sessions. The Nifty 50 ended at 26250.30 points, down 78.25 points, or 0.3%. The BSE Sensex closed at 85439.62 points, down 322.39 points, or 0.4%. Analysts pegged resistance for the Nifty 50 at 26350-26400 and support at 26150-26100.  (Anshul Choudhary)

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Equity Alert: Indices in US end higher Mon; Dow Jones hits record high

 

MUMBAI--0742 IST--Major equity indices in the US ended higher on Monday, with the Dow Jones Industrial Average hitting an all-time high. The tech-laden NASDAQ Composite also ended higher, snapping a five-session losing streak, as investors assess the ongoing US-Venezuela tensions. 

 

The gains were led by energy stocks, which investors believe stand to gain from the US attack on the South American country, CNBC reported. Shares of Chevron jumped 5.1% due to its presence in Venezuela. Shares of oilfield companies such as Halliburton and SLB gained 7.8% and nearly 9%, respectively, CNBC said. This was due to expectations that these companies would support the rebuilding of energy infrastructure in Venezuela.

 

US President Donald Trump called upon oil companies to spend billions of dollars to improve the infrastructure of the Latin American country. "We're going to have our very large United States oil companies — the biggest anywhere in the world — go in, spend billions of dollars, fix the badly broken infrastructure, the oil infrastructure," Trump said at a news conference Saturday, according to a report by CNBC. Shares of defence companies General Dynamics and Lockheed Martin gained 3.5% and 2.9%, respectively, after the recent attacks on Venezuela showed the US president might rely on quick military strikes as a key part of his policy to deal with geopolitical issues, CNBC reported. 

 

Shares of Tesla ended over 3% higher after recording a fall for seven consecutive sessions, according to a report by Reuters. Shares of Nvidia fell 0.4%, while those of Apple fell 1.4%. The S&P 500 Financial index rose 2.2% as investors look towards upcoming quarterly reports. Shares of JPMorgan Chase and Goldman Sachs hit record highs, Reuters reported. Shares of Goldman Sachs and JPMorgan Chase ended nearly 4% and 3% higher, respectively. 

 

US manufacturing activity fell to a 14-month low in December with a Purchasing Managers' Index reading of 47.9, against 48.2 in November, Reuters reported. A reading below 50 shows contraction in manufacturing. Investors will now await non-farm payrolls data on Friday, which could bear weight on the US Federal Reserve's monetary policy in 2026, Reuters said. 

 

Following are the closing levels of US indices Monday:

 

Index	Level	Change in %
S&P 500	6902.05	0.64
NASDAQ Composite	23395.822	0.69
Dow Jones Industrial Average	48977.18	1.23

 

(Akshat Saksena)

 

US$1 = INR 90.13

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

 

Edited by Vandana Hingorani

 

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.

 

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