Brief Summary
This YouTube video by Money Purse provides a comprehensive market update and discusses various stock-specific news and announcements. It covers the current state of the Indian stock market, predictions for future growth, and potential impacts of global events like increasing COVID cases and trade tensions between the US and China. The video also highlights specific companies and their recent developments, including new orders, partnerships, and financial updates.
- Market indices closed positively, with expectations of potential rate cuts by the RBI.
- Ramdev Agarwal predicts significant growth for the Sensex by 2030 and 2035.
- Updates on individual stocks like Next Duck in Gold Mines, Bharat Electronics, and Tata Motors are provided.
Market Update
The Sensex closed at 81,442 points, up by 443 points, and the Nifty closed at 24,750 points, up by 130 points. The midcap and smallcap indices also saw gains, while the Bank Nifty remained relatively flat. The RBI meeting is underway, with expectations of a 25 basis points rate cut. Ramdev Agarwal predicts the Sensex will reach 1.5 lakh by 2030 and 3 lakh by 2035, citing a historical CAGR of 15%. COVID cases are increasing, crossing 4000 with 44 deaths reported, prompting government-ordered mock drills in hospitals.
RS.163 Gold Stock
Next Duck in Gold Mines Limited, a gold mining company, experienced positive momentum after receiving environmental clearance for its Jonnagiri Gold Project in Andhra Pradesh. The company anticipates producing 400 kg of gold this fiscal year and potentially 750 kg at peak times. Despite the positive news, the company's financials currently show no sales, and it has a market cap of Rs 2500 crores.
Tatkal ticket
Indian Railway Minister Ashwini Vaishnav announced that Aadhaar authentication will soon be mandatory for booking Tatkal tickets to prevent brokers from blocking tickets using large servers. This measure aims to make it easier for common people to book tickets.
Nitin Kamath warning
Nitin Kamath, co-founder of Next Zero, commented that stock broking companies are likely to continue struggling this year due to decreased trading activity. He anticipates a potential decline of 10 to 20% in the stock broking business this year.
Benguluru crisis
Layoffs in the IT sector in Bangalore are leading to vacant PG accommodations, with many PGIs shutting down due to lack of business. Procter & Gamble plans to cut up to 7,000 jobs in the next two years due to the slowdown in the current economy.
EV stocks
The potential shutdown of Chinese rare earth magnet supply will impact the electronics sector. The Indian government is considering sending an industry delegation to Beijing to discuss the restrictions imposed by China on the exports of these rare earth magnets.
BEL update
Bharat Electronics Limited (BEL), a defense PSU company, has won orders worth Rs 2323 crores from other defense PSU companies like Masgaon Dock Shipbuilders Limited and Garden Reach Shipbuilders. These orders involve supplying base and departure space for missile systems in the Indian Naval System.
GRSE update
Garden Reach Shipbuilders signed agreements with Germany-based Cast & Rider to construct 47,500 DWT multi-purpose vessels and with Dubai-based Aris Marine to establish an independent engineering and design firm related to offshore platform and vessel design.
Rama Steel tubes
Rama Steel Tubes announced its entry into the renewable energy sector and will work on a 225 MW solar power project related to the PM Kusum Scheme through their joint venture company. They have already signed power purchase agreements with the Maharashtra State Electricity Distribution Company Limited.
Intellect design Update
Intellect Design Arana won a deal from a large bank in South Africa to implement their EmadA digital engagement platform for the bank in Total Ghanaian countries to achieve the bank's digital transformation journey.
Man Industries
Mann Industries won a new export order worth Rs 1150 crores to manufacture and supply different types of pipes, with the work expected to be completed in the next 6 to 12 months. Including this new order, their unexecuted order book has reached approximately 3,500 crores.
Zaggle prepaid
Zaggle Prepaid announced that they are going to acquire a majority stake in Dice Enterprises Private Limited, which works in the field of pen management, for 123 crores.
RailTel
RailTel won a new contract from the Maharashtra Motor Vehicles Department worth approximately Rs 274 crores to implement an Intelligent Traffic Management System to identify various black spots and vulnerable spots in Vidarbha Circle for 10 years and also provide its maintenance services.
Vedanta update
Vedanta's board meeting approved a proposal to raise Rs 5,000 crores through the issuance of NCDs on a private placement basis, potentially to clear debts and for business expansion.
Tata Motors update
Tata Motors' May UK sales numbers show a significant drop, with only 4643 units sold compared to 603 units last year.
Adani stocks
The Adani group paid approximately Rs 75,000 crores worth of taxes for the financial year 2025, with Adani Enterprises, Adani Cement, and Adani Ports and Cess contributing the most.
Welspun Corp
Welspun Corp is receiving repeat export orders. Since their last disclosure in May, they have won fresh orders worth Rs 450 crores, which are going to be executed in Financial Year 26 and Financial Year 27.
Gland Pharma
Gland Pharma's subsidiary company, Sanix, received 11 observations from the French drug regulator following an inspection in December at a manufacturing plant. The company has 3 to 12 months to resolve these observations.
CESC update
CSC Limited has entered into an agreement with Envision to supply 1 gigawatt of wind turbine generators and provide operation and maintenance services for 10 years.
DR. Reddy's Update
Dr. Reddy's has announced a partnership with Allotech to manufacture and commercialize a biosimilar called Keytruda, which will be used as part of various types of cancer treatments and has worldwide sales estimated at $29.5 billion.
