Stock Market News 💥 Market Wrap With Pankaj Pandey | #icicidirect

Subscribe to our YouTube channel: https://rb.gy/hpwfb2 Stock Market News 💥 Market Wrap With Pankaj Pandey | #icicidirectreferandearn Heading: Broader markets to accelerate Nifty small cap index gained 4% to record new highs last week, even as benchmark Nifty consolidated near highs. Sectorally, HFC’s, Infra (cement), Agri and PSU stocks were on bid amid renewed optimism backed by policy continuity In the coming truncated week, expect Nifty to consolidate in 22800-23400 with positive bias. Eventually we expect index to take out 23400 and head towards 23800. Focus turns stock specific: With market now focusing on government’s 100-day agenda and budgetary allocations, expect outperformance in HFCs, fertilizer, auto ancillary, defense, infra and rural centric themes Market Breadth: Stocks above 50-day ema has improvised from 51% just before elections to 88% this week. This strength indicates renewed optimism in broader markets Global setup: US indices continue to hit new highs Fundflow: With robust domestic fund flow continuing, FIIs have also tapered down their selling in June. With prospects of US inflation coming down and dollar expected to come under pressure, we expect FII flows to return in H2 of 2024 India VIX; VIX has cracked another 22% this week (58% from election day) and back to normalized levels projecting that market participants are in risk-on mode Hidden Gem Sagar Cement (CMP - ₹263, Target - ₹305) Sagar Cements, which was primarily a south based cement player, will be able to develop a presence in the faster-growing eastern and central markets with the recent commissioning of the new 2.5 million tonnes capacities in these regions in FY23 (1 mtpa in central and 1.5 mtpa in east) Overall capacity has nearly doubled from 5.8 mtpa in FY19 to 10.5 mtpa (15% CAGR over the period) after the acquisition of Andhra Cements in Jan 2023 Company recorded strong volume growth of 14% YoY to 5.5 mtpa in FY24, mainly driven by commissioning of new capacities, ramp-up of Andhra Cement and improvement in market and product mix Operational performance has improved sharply in FY24 (EBITDA/ton stood at Rs 446/ton vs Rs 318/ton in FY23) led by operational efficiency measures, lower fuel cost and positive operating leverage (driven by improvement in overall capacity utilization) Going ahead, operational performance to improve further as volume growth is expected to remain strong led by pick-up in demand in south region and east region (management guides ~18% YoY growth in volumes to 6.5 mtpa in FY25E) and improvement in margins (led by further cost saving measures and operating leverage benefits) Valuation at $56/ton on FY26E looks attractive (as compared to peers) considering the sharp improvement in operational performance in the coming period. We also believe that valuations of mid to small sized players are also expected to see re-rating in coming periods considering the acquisitions happening at $85-100/ton For more finance content on stock market, personal finance, investing, watch our top playlists: 👉 Current Affairs: https://shorturl.at/hjqw3 #ICICIDirect #StockMarketNews #MarketNewsWithPankajPandey #MarketWrapICICIDirect #StockMarketPrediction #StockToWatch2023 #niftyprediction #stockstowatch #beststockstobuynow Market Wrap with Pankaj Pandey,market news with pankaj pandey,pankaj pandey icici direct,Pankaj Pandey,stock market weekly update with Pankaj Pandey,icici direct,pankaj pandey icici,Share Market की ताज़ा ख़बर ICICI Direct,nifty tomorrow,शेयर बाजार,nifty prediction for tomorrow,stocks,trading,stocks to buy now,stock market news,nifty prediction,bank nifty,stock market india,pankaj pandey market wrap,market wrap icici direct,sagar cement share,sagar cement