Ask Profit | Tata Motors In Focus | NDTV Profit - video Dailymotion

NDTV Profit

- #Nifty, #Sensex trade higher as #Airtel, #BajajAuto lead - #UBS retaisn 'sell' rating on #TataMotors   Get all your stock-related queries answered by our technical and fundamental guests with Alex Mathew on 'Ask Profit'. #ndtvprofitlive

Transcript

00:00technical in nature or long term portfolio or fundamental in nature, we've got you covered.

00:08Just send a message to us on that number that you see on the bottom of your screen and we

00:12will try and get it answered over the course of the next half an hour.

00:15Very quickly, let's take a look at where the markets are right now.

00:18And in fact, you have very narrow ranges for the benchmark Nifty 50.

00:22It is currently trading in a very tight band, currently higher by about a tenth of a percent

00:27or thereabouts and holding about 25,000 and it's currently very close to 25,100.

00:33The broader markets are also a little.

00:35You have a lot that is hanging in the balance.

00:38You have inflation data that will come out later in the week for the U.S. markets.

00:43And you also have next week the auto.

00:45Not too much to speak of in terms of the fundamental reason for this gain.

00:49But it is one of the outperformers in trade today.

00:52Now, apart from that, of course, there is crude oil to focus on.

00:55At this point of the day, there are concerns about Jaguar Land Rover.

00:59Puneet has this report to tell you about what exactly UBS is saying.

01:05But now that momentum seems to have slowed down and new launches will only be happening

01:10in the next year when JLR comes up with the electric vehicles going forward as well.

01:13Now, they're transitioning away from, you know, petrol and going forward as well because

01:17of, you know, the affordability factor as well as, you know, customer having a larger

01:20choice as well with competitors.

01:22And finally, you know, they have mentioned that they wouldn't be surprised to see, you

01:25know, some, it's not a good time for, you know, the company itself.

01:29Back to you.

01:30All right.

01:31Thanks so much for that, Puneet.

01:33Let's introduce our guest for the day.

01:34We've got Sunny Agarwal, who is head of fundamental research.

01:36Everyone, I'm thankful for having me on the show.

01:38I think all the factors which UBS has discussed were already known to the spirit of post-Quarter

01:451 results.

01:46I'm coming to you, Vaishali, on the charts.

02:11How does it look?

02:12Yeah, very good morning.

02:13I think Dexin technology has already got into the momentum and we have been seeing

02:18this.

02:19Just pull up the chart and see where it's currently trading.

02:21Mindtech is currently at 380.

02:24He's planning to invest in this for the next two years or thereabouts.

02:29Sunny not...

02:30I think looking at the kind of flattish growth during the last two years, I would recommend

02:36not to invest in Mindtech.

02:37There are many other better IT companies which are...

02:41of three of SpiceJet's engines.

02:43Remember, the single judge bench had in fact passed an order on the 14th of August directing

02:49SpiceJet to...

02:50...had not paid its dues to France-based lessors.

02:54The court had earlier also said that if you do not have the means to pay for the aircraft,

02:58then you should either not use them or...

03:00...by one of the creditors.

03:03Let's talk about the next question.

03:04Santosh from Bengaluru is holding Zen Technologies and 85 shares at a price of...

03:10Alright.

03:11The next is also a short-term question.

03:13I'm coming back to you Vaishali on Hindustan Zinc.

03:16This is a question coming in from Nidhi and Nidhi has already bought...

03:21According to me, it's very limited towards 450.

03:23So I would say continue adding more and because once the metal pack and Hindustan Zinc continues

03:30to get into new...

03:32Sunny, on the fundamentals, there's been a lot that is said about crude oil prices and

03:38the softness in the prices in the recent past.

03:41Retail prices of petrol and diesel are hold on to or in case they are cut, despite of

03:46that we may see an increase in marketing margin.

03:49However, we have seen operating at 332 or thereabouts.

03:53And it's also about the rest of the defense space.

03:56This is from Karna and he's asking about a one-year perspective on this counter.

04:01It's not done too much.

04:02Currently at a very good support level.

04:04And if whole of defense pack also starts moving, I think they should also gather momentum and

04:10this can go to three, I mean four...

04:12Exit from a perspective of one to two months.

04:15So let's keep today's low as stop-loss because if we see a close below 340, this can slide

04:21towards 320 to...

04:24And this is what happens when you hold for the long term in a stock that has outperformed.

04:29He's bought at an average price of 62 rupees, which means that he's been...

04:43Right now, there are no sellers in the stock.

04:47The stock is at upper circuit at 81.95.

04:52So it's a positive view from my side.

04:56Positive view.

04:57All right.

04:58It has been mentioned though that on the fundamentals and on the valuations, it's a little stretch

05:03to say the investment.

05:05Sunny, what's the view on this company from the fundamental perspective?

05:09And would you add more the current price?

05:11Yeah, I think the company...

05:14All right.

05:15We've got Druchika from Bengaluru who's asking about Yes Bank and quite a few people want

05:20to know about this particular counter.

05:22One to two-year outlook is being sought.

05:24Of course, you can't speak about, say, State Bank of India, but would you buy Yes Bank

05:28right now?

05:29Sorry, Alex.

05:30Even I can't speak about Yes Bank being an associate company of SBI.

05:36About 25, we can gather some conviction that, yes, it's ready to take off towards 28 and

05:4230.

05:43But at this juncture, if one needs to buy just to calculate it...

05:46Just look.

05:47The long-term chart, of course, looks very good.

05:50Even the breakout has occurred even on a monthly chart.

05:53But well, no harm booking partial profit and taking advantage that...

05:57About 5000 crore apiece.

05:58The stock is up about 2.7% in trade today.

06:01We've got Ravi from Chennai who wants to know whether he should buy a huge quantity.

06:07Yes, it's in India.

06:08So predominantly, I believe the majority of the contribution right now is coming from

06:13coal and ash handling segment.

06:15And that has contributed to...

06:17I would not...

06:18Though the stock can move, but technically, it doesn't call for an aggressive buy at these

06:22levels.

06:23I would not go for that.

06:24But continue holding with the trailing stop-loss.

06:26Okay.

06:27Both that price close to 100.

06:29Sunny, on the fundamentals, would you hold on to this?

06:33Yeah, I would like to hold on to the Morphine Lab.

06:36Only the one caveat, historically, write the story for next, that we're doing now.

06:41Carosil.

06:42C-A-R-Y-S-I-L is the name of the counter.

06:45Vaishali, I'm coming to you on this one.

06:47No doubt.

06:48I mean, being from a Tata stable, there is no doubt that you should hold on to the company

06:53if you've got a vision of 10 years.

06:55But short term, definitely, soda ash prices are under pressure.

06:58About 945 to 950 for an uptrend.

07:01All right.

07:02Thank you so much for participating in that last segment as well.

07:06Absolute pleasure having the both of you on the show.

07:41Let's pull up the Nifty 50 and see what the index is doing in trade today.

08:06It has started gaining momentum and it's trading within a range of roughly 100 odd points.

08:10Currently trading at 0.1130 or so, but right now it's down around 0.07%.

08:16Let's pull up Bank Nifty and see where is the Bank Nifty trading at, what are the levels

08:21like, where are some of the stocks that are weighing up on the Nifty.

08:25Of course, it's important to note here that all the Bajaj Group stocks have been buzzing

08:30on the back of the IPO, that is Bajaj Housing IPO, at 1 is to 1 mark.

08:35However, the gap between the advance and decline ratio has been narrowing throughout the day.

08:40Let's also pull up the sectoral chart and talk about.

08:43But before I come to you, Vineet, Mihika is joining in and crude prices have taken a hit

08:49and she'll give us a perspective as to what is happening there.

08:52Mihika.

08:54And when you talk about why prices fell, well, it was the OPEC who cut their demand

08:58estimate for 2024 in their latest monthly oil report.

09:01The estimate was cut to 2.6 for a while.

09:04Now, the latest economic data on Tuesday showed disappointing numbers in terms of Chinese imports.

09:10And lastly, all of this is happening in an oversupplied market.

09:14All right, Mihika, thank you so much for giving us those details.

09:17Vineet, I'll come to you on some of these counters, you know, that are buzzing on the

09:21back of crude impact.

09:23Coming up, you know, new fines, which are seeing the light of day.

09:27To that extent, it'll get cushioned out.

09:29IOL benefits from the fact that it is a large base of, you know, gas.

09:34Takes 30 to 35 percent of their overall, you know, raw material.

09:37And they also use crude derivatives.

09:39And some of the companies that are, you know, reacting positively to this news include Indigopay.

09:44And then there's lubricants where U.S. crude oil derivatives like base oil and additives

09:48are used for these lubricants.

09:51And a fall in crude prices could possibly, you know.

09:54And so I believe that all these companies could benefit that you mentioned.

09:59Not to forget Balkrishna Tyres, one of the very, very good.

10:05The problem is that, you know, there is too much cutthroat competition in the segment

10:09with new players like Grasim and JSW, you know, trying to garner.

10:16And the MOU is a strategic alliance to develop multiple products.

10:20Now, we have Anushi joining in with more details on that.

10:23Anushi.

10:24Hey, Mahima.

10:25So if you're seeing AstroMyO24, management expects the EBITDA margins to be in the range

10:32of 20 to 23 percent as against the Q1 performance, wherein the margins were at 100 crore for FY25.

10:38If you look at its Q1 FY25 numbers, healthy set of numbers, 16 percent revenue growth.

10:43And margins have moved upwards from 2 percent to 50.

11:13When the chips are down, you...

Ask Profit | Tata Motors In Focus | NDTV Profit

Category

Transcript

Recommended