Sensex Today | Stock Market Highlights: Sensex jumps 595 points on strong global cues; Nifty ends above 25,850-mark

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“Kirloskar Oil, if you look at the standalone numbers, the kind of growth that you’ve probably seen in industrial gensets, the expectations in terms of the power gensets expected to do well. The replacement market is holding up in terms of margins and value.

And the overall standalone EBITDA margins with working capital maintained at 30-35, odd days, I think the B2B numbers for Kirloskar Oil are priming up quite nicely. And therefore, I think if you look at the consolidated performance, including in subsidiaries, it is holding up very well.”

“BSE has reported a very good set of numbers, and the expectation largely is that even if you are now moving to weekly expiries, the expectation of whether there was a significant dent in terms of the dates that moved against BSE, I think, whether that creates a huge amount of volume and value dent that probably didn’t play out.

So, if you probably compare NSE numbers and BSE numbers, BSE numbers are a tad bit better, and therefore capital market participants over a medium term play, including platforms like BSE, should continue doing well, in our opinion.”

“Max Financial Services, I think the numbers are very impressive. They have a good leader. And I think with Axis coming in, I think, hopefully it should augment well. We don’t have it currently in the portfolio. We do have ICICI Lombard, where we are seeing incrementally the total ratio coming below 100, which means your underwriting income takes care of everything and not just the investment income, which contributes to the profit. Insurance has been a little out of favour for both life and non-life. So, this is something we have in the portfolio. Max Financial, we are reviewing.”

“Groww has a very high growth business. In FY23, they were hardly doing ₹1,200 crore in revenue. I think in two years, it’s jumped to ₹4,000 crore, and they are growing much faster than the industry. And I think you will see even the broking revenue concentration reducing. They’ve got into the AMC business.

And I think it’s not just a simple discount broker. I think the tech team is very good. A lot of content-based selling is what is driving a lot of volumes. It’s a new-age business which you can’t really compare with Angel One or Motilal or some of the other ones which have also done well. So, I think it’s something which should be added over the long run. On the new-age side, if you want to add three, four names, I think this should figure there.”

Broader Markets Gain In-line With Benchmarks, Market Breadth Favours Advances

Midcap Index Hits Record High, Crosses Earlier Level Of 60,926

Nifty Bank Closes In The Green But Relatively Underperforms

Sensex Rises 561 Points To 84,432 & Nifty 181 Points To 25,876

Nifty Bank Gains 136 Points To 58,275 & Midcap Index 475 Points To 60,902

Asian Paints is the Top Nifty Gainer, surging 6% After An All-round Beat In Q2

Adani Group Stocks Move Higher, Adani Ent Up 5%, Adani Ports Up 2%

IT Stocks See Buying On Trump Comment w.r.t H-1B Visa, Nifty IT Up 2%

Asian Paints’ Strong Q2 Lifts Paint Stocks, Berger, Indigo Paints Up 4% Each

Grasim Erases Gains, Ends At Day’s Low After Asian Paint’s Strong Q2

Reliance Is Top Nifty Contributor, Rises To Highest Levels In 5 Months

Biocon, Max Fin Surge On Positive Mgmt Commentary Post Earnings

PI Ind Gives A Weak Outlook, Stock Closes With A Cut Of More Than 5%

Thermax Reports A Weak Set Of Results, Stock Is Down 4%

Parag Milk, Kirloskar Oil Surge Following Healthy Q2 Results

HAL Misses Estimates In Q2, Stock Ends With A Cut Of 3%

BSE Reports Operationally Strong Results, Lifts other Cap Mkt Names Too

Groww Builds On To Listing Gains, Ends 1st Day On Dalal Street 30% Higher

“There are certain businesses and certain platforms which are absolutely redefining the way consumers are actually conducting their transactions. And this could be spread across multiple different sub-sectors. Now, if you have a business which is truly differentiated, where you don’t have any substitutes, where that platform has truly redefined the way consumers are now buying and selling, then I would say we are ready to give a higher multiple, because we know that there hardly are any substitutes.

More often than not, many of these platforms, if not all of them, can turn out to be a winner-take-all model, and if it’s not winner-take-all, they certainly could be one very large player in that domain, with the second person having not even half the market share. Therefore, there is massive pricing power and monetisation once it kicks in.

So, with those principles, we keep hunting out for business models which are differentiated, for which there aren’t many substitutes. So, within fintech, I would say that there are business models which have been innovative. Unfortunately, they still haven’t been rewarded for their innovation. Digital payments in India are still not easily monetisable, and therefore, more often than not, these players end up playing the game which the existing large financial services players are already playing.”

Net Profit up 9.7% at ₹61 crore vs ₹55.6 crore (YoY)

Revenue up 6.1% at ₹2,207 crore vs ₹2,080.7 crore (YoY)

EBITDA down 2.5% at ₹202.8 croe vs ₹208 crore (YoY)

Margin at 9.2% vs 10% (YoY)

Net Profit At ₹1,018 crore vs CNBC-TV18 Poll Of ₹870 crore

Revenue At ₹8,531 crore vs CNBC-TV18 Poll Of ₹8,105 crore

EBITDA At ₹1,503 crore vs CNBC-TV18 Poll Of ₹1,325 crore

Margin at 17.6% Vs CNBC-TV18 Poll 16.3%

Net Profit up 46.8% at ₹1,018 crore vs ₹693.7 crore (YoY)

Revenue up 6.4% at ₹8,531 crore vs ₹8,027.5 crore (YoY)

EBITDA up 21.3% at ₹1,503 crore vs ₹1,239.5 crore (YoY)

Margin at 17.6% vs 15.4% (YoY)

Alert: Q2FY25 Had A One-time Loss Of ₹180 crore

Domestic Decorative Biz Volume Growth At 10.9% Vs Poll Of 4-5%

The shares of West Coast stumbled after the company announced its Q2 results earlier.

Siddharth Rai Mangala, Stockbox Technologies

In the current policy scenario, oil demand is projected to rise to 113 million barrels per day by 2050, mainly due to its increased use in emerging markets and developing economies for road transport, petrochemical feedstocks, and aviation, according to the International Energy Agency’s (IEA) World Energy Outlook report for 2025.