Industry Trends

Crisil revises Bombay Dyeing rating outlook to stable, reaffirms BBB+ rating

Crisil noted that while the company is undertaking cost efficiency measures to save power costs and improve realisations through value addition, an increase in export business will be critical for improvement in profitability. Sustenance of scale and margin improvement in the PSF segment will remain key monitorables. On Friday (January 2), shares of Bombay Dyeing & Manufacturing Company Ltd ended at ₹129.50, down by ₹2.76, or 2.09%, on the BSE.

Industry Trends

73% of Nifty50 stocks above 50-EMA: What this signal means for traders

Market breadth has turned positive, with 73% of Nifty 50 stocks trading above their 50 EMA. This indicates expanding participation in the ongoing rally. Technical indicators suggest a strong upward trend for Nifty and Bank Nifty. Analysts recommend a buy-on-dips strategy for Nifty as long as it holds above 26,000. Bank Nifty is expected to move towards 61,500.

Industry Trends

Why Deepak Shenoy remains cautious on tobacco, QSR valuations

Deepak Shenoy of Capitalmind MF outlines investment strategies amidst market shifts, advocating for conglomerate demergers and diversification for tobacco firms. He notes QSR valuations are stretched but sees potential in electronics manufacturing and power distribution, with PSU banks expected to lead financials and autos benefiting from policy support.

Industry Trends

Birla Corporation bid for Gourum Khan Ki Dhani south limestone block rejected by Rajasthan

The company said that the Department of Mines and Petroleum, Government of Rajasthan, through an order dated December 31, 2025, has rejected the bid. The rejection was carried out in exercise of powers under Clause 14.11 of the Tender Document. On Friday (January 2), shares of Birla Corporation Ltd ended at ₹1,108.70, down by ₹1.40, or 0.13%, on the BSE.