News for Apar Industries Limited (APARINDS.BO)

Amidst market volatility, high beta stocks experienced steeper declines, with many falling significantly from their peaks. Low beta stocks demonstrated greater resilience, declining less on average. Factors like global trade tensions, FII selling, and concerns over corporate earnings have contributed to market wobbles. However, recent FII buying and expectations of India's economic outperformance offer some tailwinds.

Fortis Healthcare Ltd., Blue Star Ltd., and 360 ONE WAM Ltd. are among the Indian companies added to the FTSE All-World Index. Other additions to the index include Ajanta Pharma Ltd., Apar Industries Ltd., Bajaj Housing Finance Ltd., BSE Ltd., Central Depository Services (India) Ltd., Crisil Ltd., Fertilisers and Chemicals Travancore Ltd., IndusInd Bank Ltd., Kaynes Technology India Ltd., National Aluminium Company Ltd., and Premier Energies Ltd.

The FTSE India March 2025 semi-annual review is scheduled to be announced on Friday with adjustments effective March 21, 2025. The revision is anticipated to generate significant trading flows.

Indian markets closed higher on Tuesday, driven by gains in financial stocks following the Reserve Bank of India's liquidity measures, boosting hopes of a February rate cut. The BSE Sensex rose by 535.24 points while the Nifty 50 gained 128.10 points. Analysts noted optimism in large-cap stocks despite volatility ahead of key economic events.

Apar Industries share price: Apar Industries' shares fell 20% as Q3 FY25 PAT declined 19.7% YoY to ₹175 crore despite a 17.7% revenue rise. Export challenges impacted EBITDA, though domestic growth and order book remain strong.

In the Nifty pack, 25 stocks closed in the green, while 25 stocks ended in the red.

The multibagger stock, which closed at Rs 795.75 on January 14, 2022 was trading at Rs 10,125 in the afternoon session today.

Nuvama initiated coverage on Apar Industries with a 'buy' rating and a target price of Rs 12,700, projecting a 25.5% upside. The firm highlights APAR's role in India's T&D capex, strong presence in high-growth sectors, and leadership in conductors, cables, and oils. Despite challenges like global shocks and competition, APAR's market position remains robust.

India's benchmark indices ended lower on Wednesday, pressured by financial and consumer stock sell-offs amid cautious market sentiment ahead of corporate earnings and concerns over limited U.S. Federal Reserve interest rate cuts.

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Indian benchmark indices rebounded strongly on Tuesday after Monday's sharp decline. Sensex gained 234 points to close at 78,199, and Nifty rose 92 points to 23,708, supported by financials and Reliance, amid positive global cues and cautious market sentiment.

India's benchmark indices fell sharply, with Sensex down 1.59% and Nifty 1.62%, driven by broad-based selling and cautious investor sentiment over Human Metapneumovirus (HMPV) cases and global economic uncertainties, including the Fed's hawkish stance and strong dollar.

“Reducing U.S. jobless claims and potential policy shifts in the US indicate that the FED is not in a hurry to reduce interest rates in the near term. Looking ahead, the market is likely to focus on Q3 earnings, with expectations of improvement in earnings on a QoQ basis," Nair added.

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Oct 30, 2024 / 10:00AM GMTOperator Ladies and gentlemen, good day and welcome to Apar Industries Limited Q2 FY25 earnings conference call. (Operator instruction

Stocks including Infosys, Bharti Airtel, Suzlon Energy, Federal Bank, Tata Technologies, JSW Infrastructure, Tata Power and more will be the spotlight on Tuesday, October 29.

Indian benchmark equity indices, Sensex and Nifty50, recorded their biggest single-day decline in nearly three weeks, dragged down by slowing corporate earnings and ongoing foreign selling.

Nifty50 and Sensex ended lower due to weak earnings and renewed profit-booking. Key resistance and support levels indicate heightened volatility, while mixed bullish and bearish signals show a rangebound market. High activity and varied interests are noticeable across different stocks, revealing a cautious market sentiment.

Indian indices closed in the red on Tuesday, dragged by heavyweights like Reliance Industries, financial, and IT stocks. A higher-than-expected September inflation report dampened hopes for a rate cut, souring investor sentiment.