News

“TVS Holdings is basically the holding company of TVS Motors. Earlier, they used to own the real estate business of the TVS group as well, called Emerald, which they exited. And that is when the market took this news quite negatively, and the stock declined quite sharply.

Post that, we’ve seen that the management has said that they want to grow the NBFC business into quite a large opportunity. Within TVS Motors itself, you have TVS Credit and TVS Holdings has now acquired an 80% stake in Home Credit Finance. So, these businesses would be the growth driver for TVS Holdings would be there. And obviously, the holding of TVS Motors itself is valued at more than ₹75,000 crores, while the market cap of this company is in the range of ₹20,000 to ₹23,000 crores.

So, I think that is a significant upside for patient investors, and is a good way to play maybe even the growth in TVS Motors, plus the credit business, where the management has talked about growing the credit business to about a ₹50,000 crore balance sheet over the next few years.”

“We are expecting a 10-12% upside in the market. If you look at earnings for FY27, and if we discount that, we would get that 10-12% upside based on historical averages. So, any dips in the Nifty towards 24,000 levels provide a reasonably decent upside based on 1-year forward earnings. As we move closer to December-March, we will start discounting forward earnings. Obviously, in the near term the ramifications of the potential excess 25% tariff on India will put a kind of negative impetus on the exporters, especially the textiles, and some portions of auto components will be affected.

But I think if that were to get reversed before the 27th of August,the deadline, that would provide another fillip to the markets. Also, in the US, there is some expectation of a rate cut by the Fed in September. So, I think these couple of pieces of news could propel markets. Domestically as well, the government is talking about GST rationalisation that will also provide some demand push. However, we need to see when they will implement this, because in the interim, people may postpone purchases of certain products if there is going to be a GST cut.”

“I think it’s that write-off on PokerBaazi that is going to impact Nazara Technologies. Since there’s not much of a contribution on the P&L from this online real money gaming business, I don’t think they will be impacted. But remember, these are things that take away a lot of sentiment. I mean, it’s like, am I going to buy the stock as an investor, especially as an institutional investor, if it’s 12% down, just because the impact has been digested? It all goes back to the growth area.

PokerBaazi, when it was acquired, was supposedly a very big fillip to the new vertical or new revenue stream, and now that’s gone away. So, you will have to price into the model in terms of what the organic business growth is from whatever they’re doing. Most of it is IP-driven, international markets, so they’re fairly safe on that. But yeah, it will kind of make people rethink in terms of buying it at some level. You would probably see it drift lower, and then things could look different.”

“The fact that some of these large IT names got battered down on the back of poor earnings and visibility going ahead is the reason why you see these bottoms being made. Now, there could be a time correction as well. There could be consolidation at these levels. You mentioned that TCS is almost like 25% off its 52-week high. 25% is a fair distance to catch up on. In that sense, it will need much more than just a tie-up with a Finnish retailer to get confidence back. What’s interesting is, and I can tell you this after having spoken to a lot of players in Europe and the US, that most companies that are adopting AI at a very accelerated pace are actually finding far more efficiencies in doing so.

So, while it might have a very second-order effect, which is very ugly on the employment and all, somewhere around the end of this year, there will be very clear headwinds, which will talk favourably about AI being adopted. And then some of these players, like Infosys, which are on the forefront or have a lead, they start kind of getting valued much more favourably. So, I think from now to December is the period where consolidation would happen. It would probably not be the sector of choice, but it will definitely make better sense to kind of start nibbling into it at some point in time. I’m not too sure whether the US market impact will impact them again. If something goes wrong in the US in terms of its debt and repayment of debt and all of that, there could be a setback.”

Nifty Ends Above 25,000 For 1st Time Since July 24

Sensex Rises 213 Points To 81,858 & Nifty 70 Points To 25,051

Midcap Index Gains 266 Points To 57,931 While Nifty Bank Slips 167 Points To 55,699

IT & FMCG See Fresh Buying, Infosys, TCS, HUL & Nestle Are Top Nifty Gainers

Eternal Extends Gains Following Positive Brokerage Note, Stock At record High

Defence & NBFCs Come Under Pressure, BEL, Bajaj Fin Are Top Nifty Loser

Aurobindo Ends 4% Lower On Rpts Of Co A Frontrunner For Zentiva Acqn

Ola Electric’s Trading Volumes Cross 100 Cr, Stock Hits 20% Upper Circuit

Gold Financiers See Profit Booking As Gold Prices Slip, Muthoot Down 2%

Hotel Stocks Rise On An Expectation Of Healthy Demand, Indian Hotels Up 4%

Sky Gold, Carborundum Univeral Are Amongst Small cap Gainers, Up 14-15%

Vedanta Closes In The Red But Off Lows Tracking Demerger Newsflow

Online Gaming-related Stocks Slide On Prohibition Law, Nazara Down 12%

PG Electroplast Slips 7% From Day’s High To Close With A Minor Cut

Market Breadth Favours Advances, Advance-Decline Ratio At 3:2#JustIn | #TCS partners with Finnish retailer #Kesko to drive AI-powered retail transformation pic.twitter.com/WAWVafc6B7

— CNBC-TV18 (@CNBCTV18Live) August 20, 2025

#JustIn | Demerger not stalled; filed response to Oil Ministry, next #NCLT hearing on September 17, says #Vedanta to CNBC-TV18 https://t.co/nGjTZfxELd pic.twitter.com/LVlng9jNnu

— CNBC-TV18 (@CNBCTV18Live) August 20, 2025

#JustIn | We will continue with submissions on the next date. #NCLT fixed the next date after discussions with all parties. #SEBI has not opposed the demerger, says #Vedanta to CNBC-TV18 pic.twitter.com/AZKHYxuNTR

— CNBC-TV18 (@CNBCTV18Live) August 20, 2025

Meta Platforms Inc. is splitting its newly formed artificial intelligence group into four distinct teams and reassigning many of the company’s existing AI employees, an attempt to better capitalise on billions of dollars’ worth of recently acquired talent. here

Tata Motors returns to South Africa’s passenger vehicle market, launching Harrier, Curvv, Punch, and Tiago through 40 dealerships, in partnership with Motus Holdings. here

BHP remains bullish on copper prices while seeing a more stable outlook for iron ore, according to Ragnar Udd, CEO of the company. here

Shares of Nazara Technologies Ltd. declined as much as 12% on Wednesday, August 20, as the government is likely to propose sweeping restrictions on online money games under the upcoming Online Gaming Bill, 2025. here

#CNBCTV18Market | USL In Focus

USL likely to face competition. Sources tell @YashJain88, Sula Vineyards is in talks to acquire 2-3 small brands to enter whisky, scotch, and vodka segments. Maharashtra currently contributes 20-22% to total sales of USL pic.twitter.com/MVT7e1slzh

— CNBC-TV18 (@CNBCTV18Live) August 20, 2025

MeitY Secretary speaks to CNBC-TV18 LIVE

Watch CNBC-TV18 LIVE

European markets opened weaker on Wednesday as global sentiment softened, with defence stocks leading losses. The pan-European Stoxx 600 was trading 0.3% lower at 12:50 p.m. IST (8:20 a.m. London time), with most sectors and major regional bourses in negative territory. here

Hero MotoCorp, on Wednesday, introduced the 2025 Glamour X 125 in India, priced at ₹89,999 for the Drum variant and ₹99,999 for the Disc variant (ex-showroom, Delhi). here

Shares of Infosys Ltd. gained over 3% on Wednesday, August 20, as brokerage firm Kotak Institutional Equities projected a 28.5% upside on the stock from Tuesday’s closing price. here

Market Watch: Jay Thakkar of ICICI Securities

Stablecoins have grown into a nearly $270 billion global market, offering a bridge between the world of cryptocurrencies and traditional finance. These digital tokens are pegged to the value of stable assets such as fiat currencies, gold, or other financial instruments. here

Sula Vineyards, India’s largest producer and seller of wine, is exploring expansion into the premium spirits segment, sources told CNBC-TV18.

Sula is said to be in discussions with two to three smaller brands for potential acquisitions. The move aims to facilitate entry into the whisky, skotch, and vodka segments, with Sula looking to conclude the acquisition ‘soon’.

Nazara Technologies’ joint MD & CEO Nitish Mittersain said the company’s earnings will not be affected by the proposed online gaming bill, even though its ₹800 crore-plus investment in PokerBaazi could be at risk. here

External Affairs Minister (EAM) S Jaishankar embarked on a three-day visit to Moscow on Tuesday, August 19, to strengthen the India-Russia bilateral relations. hereNewsLive TVMarketPopular CategoriesCalculatorsTrending NowLet's Connect with CNBCTV 18Network 18 Group :©TV18 Broadcast Limited. All rights reserved.