Sensex Today | Stock Market LIVE Updates: Nifty 50 trades around 24,750; Cochin Shipyard shares rise 12%

#CNBCTV18Market | #Silver hits 1-year high pic.twitter.com/uky2wu7FDI

— CNBC-TV18 (@CNBCTV18Live) June 5, 2025

Gautam Baid, Equity Advisor, Complete Circle Stellar Wealth PMS

On SG Mart

SG Mart is an APL Apollo Group company which aims to become India’s largest steel and metal trading enterprise. The business model of SG Mart is pretty simple. It buys raw materials in bulk from steel producers and distributes them to small retailers and dealers.

In effect, SG Mart serves as a large distributor, relieving the large steel producers from dealing with small dealers directly and managing them on a one-to-one basis. Additionally, SG Mart is setting up service centres and major manufacturing hubs to offer processed steel to its OEM customers in construction, automotive and consumer durables.

And the two key risks to the investment thesis for SG Mart are, number one, inventory losses resulting from sharp volatility in steel prices. And secondly, if the steel producers set up their own trading platforms, then they can end up becoming a competitor of SG Mart. For example, JSW Group has recently set up JSW Platforms, which is a similar business to SG Mart.

So over time, if your customers become your competitors, then that can also affect the growth of the company. So that is also one more risk to keep in mind for this particular company. Disclosure – we hold this stock as well for our clients in Complete Circle Stellar Wealth PMS.

Gautam Baid, Equity Advisor, Complete Circle Stellar Wealth PMS

On Shaily Engineering

First stock I’ll speak about today is the stock we hold for our clients in Complete Circles Stellar Wealth PMS. The stock’s name is Shaily Engineering, and this is a contract manufacturer which is entering a new phase of growth, primarily driven by its healthcare segment, where it is involved in manufacturing complex drug delivery devices, or blockbuster GLP-1 drugs, which have an estimated market size of almost $100 billion by FY2030.

Shaily Engineering is also witnessing increased traction from its customers and its consumer and industrial divisions, where it has long-standing expertise in complex design and engineering. Additionally, the company’s foray into the consumer electronics industry represents a significant long-term growth opportunity.

The big picture investment thesis for Shaily Engineering is this: the company is strategically shifting its focus from the moderate margin, moderate RoC businesses of consumer and industrial to the higher margin, higher RoC business of healthcare, specifically the injectable devices for GLP-1 drugs. So going forward, as the return ratios of the company improve, the expensive valuation of the company will sustained.

Additionally, the company had expanded its gross block by four times between FY19 and FY24 and utilisation is expected to increase in the coming years, driving operating leverage. So with operating leverage, the bottom line will grow faster than the event revenue growth and the current expensive valuations of the company; assuming that they are sustained, the investors can earn good compounding returns even from here.

However, the key risk to the investment thesis for Shaily Engineering is increased adoption of oral form factors for GLP-1 drugs, because that can impact the future growth of the company. And the evaluations at 60 times one year forward are pretty expensive, and any deceleration in growth in the future can lead to a valuation derating. So you just have to be on the watch out for that particular key risk.

Here are a couple of stock recommendations by Vinay Rajani of HDFC Securities

Buy Macrotech Developers with a stop loss of ₹1,450 and a target of ₹1,520

Buy Trent with a stop loss of ₹5,600 and a target of ₹5,900

#CNBCTV18Market | Defence stocks surge, #CochinShipyard up over 12% pic.twitter.com/cXBa2xBLPm

— CNBC-TV18 (@CNBCTV18Live) June 5, 2025

Sudarshan Venu is set to become the Chairman of TVS Motor and aims to drive the company’s global expansion.

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Capital market stocks are trading higher, with CDSL gaining more than 4%.

#CNBCTV18Market | Market off highs, #NiftyBank slips in the red pic.twitter.com/KtbtWBTd2m

— CNBC-TV18 (@CNBCTV18Live) June 5, 2025

#OlaElectric founder topped up collateral as shares tumbledhttps://t.co/m84aGOS8vd

— CNBC-TV18 (@CNBCTV18Live) June 5, 2025

ICICI Securities has downgraded Genus Power shares following a sharp 34% rally over the past month.

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#JustIn | Zaggle Prepaid To Acquire Dice Enterprises, A Spend Management Platform For ₹123 Crore pic.twitter.com/snXXcTqe57

— CNBC-TV18 (@CNBCTV18Live) June 5, 2025

Total Sales Down 24% at 4,643 Units vs 6,093 Units (YoY)

Jaguar Sales were Nil vs 1,363 Units (YoY)

Land Rover Sales Down 2% at 4,643 Units vs 4,730 Units (YoY)

Japan’s 30-year bond auction saw the weakest demand since 2023, ramping up pressure on the government to adjust issuance.

#JustIn | Intellect Design bags order from a South African bank to implement its https://t.co/aKc1N1dGIy digital engagement platform pic.twitter.com/2oK0CfW1PB

— CNBC-TV18 (@CNBCTV18Live) June 5, 2025

Shares of Man Industries Ltd. surged by over 5% in the intraday trade on Thursday, June 5, after the company announced that it has received a new export order for approx. ₹1,150 crore.

The Nifty Midcap 100 index has made gains of 0.74%. This increase in the value of the index is helped by the rise of the top 5 stocks, with a surge of about 4%.

Here are a couple of stock recommendations by Manish Hathiramani of Deen Dayal Investments

Buy Reliance Industries with a stop loss of ₹1,400 and a target of ₹1,475

Buy Bharti Airtel with a stop loss of ₹1,825 and a target of ₹1,900

Disclosure: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.RBI MPC Meet | @RBI is set to announce the decision on rate cut on Friday. @CNBCTV18News poll suggests that the central bank will cut repo rate by another 25 bps in this meet. @_ritusingh with key expectations.#RBI #RBIMPC #ReserveBankOfIndia #MonetaryPolicyCommittee #RateCut… pic.twitter.com/VP9gb1W2W9

— CNBC-TV18 (@CNBCTV18News) June 5, 2025

Man Industries has secured a significant export order valued at ₹1,150 crore.

Click for More#JustIn | Government may propose switching to 3-slab structure in upcoming GST council meeting, sources to @TimsyJaipuria

Alert ????: GST Council is the apex body where states & centre unanimously take a decision pic.twitter.com/KaTU4CDWq6

— CNBC-TV18 (@CNBCTV18Live) June 5, 2025

June 17 is expected to be a key trading day for two stocks that have recently been strong performers in the market.

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The Nifty index has climbed past the 24,800 mark, with Eternal, Dr. Reddy’s Labs (DRL), Trent, PowerGrid, and Reliance emerging as the top gainers.

#JustIn | #RailTel bags order worth ₹274.4 cr from #MotorVehiclesDepartment, #Maharashtra pic.twitter.com/HEyPwvHhEK

— CNBC-TV18 (@CNBCTV18Live) June 5, 2025

JPMorgan has called Coforge an “all-weather growth champion” and expects the stock to rise by 20%.

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RateGain Travel Technologies has partnered with Razorpay to enable smooth and efficient hotel payment solutions across India.

RateGain shares are down 1.79% currently.

Vishal Malkan of malkansview.com

Buy Adani Ports with a stop loss of ₹1,420 and a target of ₹1,500-1,530

Buy SRF with a stop loss of ₹3,100 and a target of ₹3,250#JustIn | #CentralBank acquires 24.91% stake in #FutureGeneraliIndiaInsurance for up to ₹451 cr pic.twitter.com/NzUh7r8d5h

— CNBC-TV18 (@CNBCTV18Live) June 5, 2025

Wockhardt Concall

#CNBCTV18Market | Sharp fall in M&M, down over 3% from day’s high pic.twitter.com/FkRKzjLjna

— CNBC-TV18 (@CNBCTV18Live) June 5, 2025