Market View 04th March, 2025

View on market: Volatility Prevails, Market is searching for better value

Stocks in the Asia-Pacific region opened lower as investors remained cautious about tariffs on Canada, Mexico, and China. Despite this, Japan and Australia recorded gains, while China and Hong Kong were expected to start on a weaker note. Investors are closely monitoring discussions among Chinese officials regarding economic policies, with hopes for additional stimulus measures. The Chinese yuan and stock market have shown strong performance this year. Meanwhile, Wall Street ended a volatile session on a negative note, with major indices declining. In India, markets closed slightly lower, primarily due to declines in media and oil & gas stocks. However, mid-sized companies saw gains, while smaller ones declined. Real estate and metal sectors performed well, but energy and media stocks dragged the indices down. Overall, investors remain cautious, awaiting further economic signals and policy decisions that could influence future market movements in a complex global financial environment.

Economic Calendar:

• USD: ADP Nonfarm Employment Change (Feb) on 5^th March 2025.
• IND: S&P Global Services PMI (Feb) on 5^th March 2025.
• USD: Imports and Exports Data on 6^th March 2025.
• IND: Foreign Reserves, USD on 7^th March 2025.

Brokerage Radar:

INVESTEC ON PCB/EMS:

Kaynes Tech – Upgrade to Hold from Sell, target price ₹3465Syrma SGS – Upgrade to Hold from Sell, target price ₹460, Valuations now looking reasonable, Growth opportunities in the EMS space remain strong, Concerns persist over low entry barriers and high working capital for PCBA, Amber’s electronics and railways businesses yield Impressive ROIC.

MOSL ON HOTELS:

The Indian hotel industry is set to continue strong recovery in 4QFY25, Fueled by growth in MICE (meetings, incentives, conferences, and exhibitions), cultural events, and a strong wedding season, Key hospitality players likely to see 12-14% YoY RevPAR growth in 4Q, similar to 3QFY25, Driven by ARR growth (11-13%) and higher occupancy levels.

ELARA ON AUROBINDO PHARMA:

Reiterate Buy, target price ₹1568, Remains attractively priced, new Penicillin-G could make India self-sufficient, Kakinada plant could meet 80% of India’s Penicillin-G requirement, Management confident the plant will become profitable in FY26, At peak, the plant could generate 20%+ ROI and contribute ₹790 crore to EBITDA.

International Markets:

U.S & Europe:

*As per 4^thMarch.

 Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

NEWS UPDATES

Source: Moneycontrol, Bloomberg Quint, Investing 

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