Kotak Bank Jumps 12%; Ceat, Amara Raja Q2 Result Beats Estimates
Nifty opened with modest gains and remained volatile during the first half of the session. It managed to hold above yesterday’s low. In the second half, there was good buying, pushing Nifty higher. Nifty is trading 3% and 11% above its 50- and 200-DMA, respectively. Today’s volume was higher across the board. On the sectoral front, Nifty Bank was the top gainer, led by 12% gains in Kotak Bank. Nifty Auto, FMCG, Pharma, and Financial Services closed 1–2% higher. On the flip side, IT stocks were under pressure. Though there were notable gains in selected large and midcap stocks, today’s gains were not broad based. Of 2,222 stocks traded, 885 advanced, 917 declined, and the rest remained unchanged.
Looking forward, we prefer to see a follow-through day before shifting the market to a Confirmed Uptrend. A follow-through day is a solid up session, generally a 1.5% or higher gain, with volume being higher than the previous day. However, we are positive on the general market as we can find further evidence of good behavior in leaders that have already broken out; for example, HDFC Bank, Reliance, Infosys, and Asian Paints. During this time, one should look for stocks with quality fundamentals, RS line trending higher, and breaking out from consolidation areas.
Key News
Amara Raja Batteries (+3.5%): Q2 FY21 results beat estimates on all fronts. Revenue increased 14.2% y/y to Rs 1,936 crore. PAT was down 8% y/y to Rs 201 crore, while margin contracted 40bps y/y to 17.6%.
Ceat (+1.4%) Q2 FY21 results beat estimates on all fronts. Revenue increased 17% y/y to Rs 1,978.5 crore. PAT came at Rs 182 crore compared with Rs 44 crore y/y. Margin expanded 470bps y/y to 14.8%.
Vst Industries (Nse) (+1.9%): Q2 FY21 PAT was up 16% y/y to Rs 88.5 crore. Revenue was flat y/y at Rs 300 crore. Margin expanded 520bps y/y to 37.6%.
Check out MarketSmith India for more.
Further reading
Further Reading
Article
What Affects Truckload Shipping Costs?
Truckload shipping is a cornerstone of modern supply chains, responsible for moving goods efficiently across regional, national, and international networks. For businesses that rely on timely deliveries, understanding what influences truckload shipping costs is essential for optimizing logistics budgets and maintaining operational efficiency. Costs associated with truckload shipping can vary widely depending on several factors, from cargo type to route optimization. By analyz
January 7, 2026
Article
The Unlikely Call Center: Why the World is Dialing into Pakistan
Imagine itâs a typical Tuesday evening. Someone in a bustling North American city has a question about their internet bill. They pick up the phone, dial a familiar customer service number, and within moments, theyâre connected to a calm, articulate agent who resolves their issue efficiently. What the caller might not realize is that the helpful voice on the other end is speaking from a modern office in Lahore or Karachi, halfway across the globe. This scenario is playing
November 19, 2025
Article
How Qualified Solar Leads Can Improve Your Conversion Rate
Introduction: The Changing Face of Solar Sales In the fast-evolving world of renewable energy, the solar industry has witnessed remarkable growth. But with that growth comes competition â and not just for customers, but for the right customers. Many solar companies are discovering that chasing countless leads doesnât always bring better results. What truly matters is the quality of those leads. A well-qualified lead isnât just a number on a list; itâs someone genuinel
October 29, 2025