Market View 18th Feb, 2025

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

Most markets in the Asia-Pacific region showed positive movement following comments from China’s President Xi Jinping, which indicated support for the country’s private sector. The Nikkei 225 saw a modest increase, while the Kospi remained flat. The Australian market, however, experienced a slight decline. In India, the main stock indices ended their longest losing streak in two years, with notable contributions from HDFC Bank and Reliance Industries. Stocks in the pharmaceutical and metal sectors rose, but shares in the information technology and automobile sectors fell. Meanwhile, US markets were closed for President’s Day. The Indian markets, after a shaky start, showed slight recovery with the Nifty 50 and Sensex ending the day higher, despite earlier drops during the session. This positive movement followed a tough week for Indian markets, which saw a significant decline in the previous week.

Key Today’s Q3 Results

BGDL, ELANTAS, KMSL, PUNJCOMMU.

Economic Calendar:

• USD: NAHB Housing Market Index (Feb) on 18^th February 2025.
• IND: M3 Money Supply on 19^th February 2025.
• USD: Initial Jobless Claims on 20^th February 2025.
• IND: S&P Global Manufacturing and Services PMI on 21^st February 2025.

IPO Watch:

Brokerage Radar:

JP MORGAN ON PERSISTENT SYSTEMS:

Maintain Overweight, target price ₹7,200, Buy this dip – high-quality growth compounder offering 30% potential upside, 21%/29% revenue/PAT CAGR expected over FY25-27, Record high deals indicate high-teens revenue growth in FY26, Came up with a new target of $5bn revenue by FY31.

MORGAN STANLEY ON CEMENT:

Expect demand momentum to continue over the next few months, supporting sustained cement, Medium-term outlook remains constructive, Margin expansion should be led mainly by cost improvement, Upgrade Shree Cement to Equal Weight from Underweight, target price at ₹26,950 (from 24,200).

CITI ON UNITED SPIRITS:

aintain Neutral, target price ₹1,650, Andhra Pradesh market could help drive growth over the next three quarters, Uttar Pradesh’s new excise policy has low contribution to business, Expects a few more quarters for the premium segment to gather historical momentum, Inflation expected to impact neutral alcohol spirits.

International Markets:

U.S & Europe:

*As per 18^thFebruary.

 Asian markets:

Stocks strong on Chart:

Commodities & Currency:

FIIs & DIIs:

NEWS UPDATES

Source: Moneycontrol, Bloomberg Quint, Investing 

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