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January 07, 2025

Market is crashing because:-
1) US Bond yields are rising.
2) Japanese Finance Minister announced Interest hike soon.
3) Stock market PE valuations are still very high.
4) Nifty is trading at a PE valuation of 22 which is higher than the 10 years mean PE.
5) There has been a report of 3 afflicted HMPV Cases
6) FIIs are continuously selling/ withdrawing their investments.
7) DIIs can not further sustain buying as the funds position is dwindling.
8) There is a panic amongst the neo retail investors.
9) Fear of introduction of wealth tax. Market has not liked the taxation policy of the FM on securities specially the tax increase on STT & LTCG at a higher rates.
10) There has not been broad basing of tax structure & tax terorism has been unleashed on the middle class.
11) FIIs & 1% rich have stashed their money & are investing in the developed economy. US has given better stable returns specially in the bond market.
12) Most of Small - midcaps valuations are still much higher even after fall in price in last 3-4 months.
The automotive and auto ancillary sectors are poised for strong performance in the coming months, with significant growth potential on the horizon. A notable trend in these sectors is the correction in stock prices from their recent peaks, which sets the stage for a potential reversal in momentum. Many stocks in this space have experienced substantial volume activity over the past few days and weeks, indicating robust investor interest and the possibility of strong accumulation patterns. This suggests that these stocks could be primed for a rebound, making it an opportune time for investors to pay attention.
Among the companies in this sector, we have identified several stocks with significant upside potential, including FM Goetze, NRB Bearings, Gabriel India, Rico Auto, Indo Nippon and SJS Enterprises. These companies are well-positioned to capitalize on favorable market dynamics, with the potential for price appreciation ranging from 20% to 100% in the calendar year 2025.
A critical factor to monitor in the near term will be the Q3 financial results for these companies, which could serve as a key catalyst for further upward movement. Strong performance in Q3, along with positive guidance, could help sustain the bullish outlook for these stocks. Given their solid fundamentals and potential for future growth, these stocks represent attractive investment opportunities.
As always, it is important for investors to stay informed and watch the quarterly earnings closely, as they will provide valuable insights into the financial health and growth prospects of these companies. In conclusion, investors looking to capitalize on the recovery in the auto and auto ancillary sectors should keep these stocks on their radar, as they hold the potential for significant gains in the upcoming months.
BANGLADESH GDP Growth slows to 1.81 percent in first quarter of current Financial Year
ZAGGLE PREPAID: WINS ORDER
Zaggle Prepaid Ocean Services Limited (Zaggle), has entered into an agreement with Kiranakart Technologies Private Limited.
Zaggle would provide Kiranakart Technologies Private Limited, Zaggle Zoyer Petty cash & Zaggle Save (Employee expense management & benefits) propositions.
SAPPHIRE FOODS :Remaining 2 operational stores [1 KFC and 1 Pizza Hut] of Gamma Island Food Private Limited, subsidiary of the Company, situated in Maldives (“Gamma Maldives”) will be closed effective from 7th January 2025
UK Overtakes Germany to Become Europe’s Top Electric-Car Market
Sales mandate helps country shine in diffcult year for EVs
Demand in Germany has slumped since consumer incentives ended
US one-year credit default swaps rise to 22 bps, the highest level since early November, according to S&P Global.
ZYDUS LIFE : Sentynl Therapeutics Announces U.S. FDA Acceptance and Priority Review of New Drug Application for CUTX-101 (Copper Histidinate) Product Candidate for Treatment of Menkes Disease
Six-month priority review granted for CUTX-101 copper histidinate with PDUFA target action date set for June 30, 2025
CUTX-101 has potential to be the first FDA-approved treatment for Menkes disease, a rare and fatal pediatric disease
BEAT THE STREET BULLETIN
Date: 7-Jan-2025
Telegram: [t.me/beatthestreet10]
NEW ORDERS & CONTRACTS
- NESCO: Secured a contract for developing, operating, and maintaining Wayside Amenities on the Bengaluru-Chennai Expressway. Estimated annual revenue of ₹350 crore from Year 4.
- ASHOKA BUILDCON: Won a ₹1,391 crore road concession project with NHAI.
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INCIDENTS & CLARIFICATIONS
- SAPPHIRE FOODS: Two remaining stores of Gamma Island Food Pvt. Ltd. (KFC and Pizza Hut) in the Maldives will close on January 7, 2025.
- BANGLADESH GDP: Bangladesh’s GDP growth slowed to 1.81% in Q1 of the current fiscal year.
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OPERATIONS & PERFORMANCE
- ZYDUS LIFE: Sentynl Therapeutics’ CUTX-101 for Menkes disease has been accepted for FDA review with priority status. A decision is expected by June 30, 2025.
- DELTA CORP: Q3 results due on January 13, 2025.
- COAL INDIA: Coal India and IREL (India) Ltd. signed an MoU to collaborate on mining and refining critical minerals, including REEs.
- CAPLIN POINT: Received an Establishment Inspection Report (EIR) from the USFDA for its Gummidipoondi facility, with zero 483 observations.
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STRATEGIC PARTNERSHIPS & TECHNOLOGICAL UPDATES
- ZAGGLE PREPAID: Partnered with Kiranakart Technologies to provide petty cash and employee expense management services.
- ADANI ENT: Adani Petrochemicals formed a joint venture, Valor Petrochemicals, with Indorama Resources for refinery and petrochemical projects.
- RUDRA GAS: Incorporated Rudra Global Green Energy Pvt. Ltd., a subsidiary focused on renewable energy projects.
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LEADERSHIP CHANGES & APPOINTMENTS
- PIRAMAL PHARMA: Sai Ramana Ponugoti appointed CEO of India Consumer Healthcare, effective January 6, 2025, replacing Sarosh Shetty.
- ALEMBIC PHARMA: Vimal Wahi, VP of Sales & Marketing, has resigned from his position.
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FUNDRAISING & CAPITAL EXPANSIONS
- CEAT: Invested ₹2.57 crore in the rights issue of its subsidiary, Tyresnmore Online Pvt. Ltd., focusing on automotive tyres and services.
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M&A & CORPORATE ANNOUNCEMENTS
- VAKRANGEE: Renewed its agreement with Bank of Baroda to provide banking services across India.
- UPDATER SERVICES: Seeks NCLT approval for amalgamation with Stanworth Management and Tangy Supplies.
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OTHERS
- BOROSIL RENEWABLES: Promoter Kiran Kheruka purchased 96,000 shares worth ₹5.389 crore.
- ELECTRONICS MART: Bajaj Electronics has opened a new 8,500 sq. ft. multi-brand store in Telangana.
- RAVINDRA ENERGY: Board meeting scheduled on January 9, 2025, to discuss incorporating subsidiaries for its projects.
Stay Updated with Beat the Street
Indian investors rush into highly valued defence stocks
Asset managers have launched specialist funds as push for domestic armaments sends share prices soaring
https://www.ft.com/content/d0a168f4-5990-42a6-9958-6209d9e17a76

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