Tale of the Tape 

Good evening everyone!

Nifty (-0.7%) and Sensex (-0.6%) gave up all the morning gains to end in the red as investors booked profit. Midcaps (+0.4%) and Smallcaps (-0.6%) traded mixed. The advance-decline ratio was in favour of the bears (3:2). PS - your favorite newsletter will be on a break for the next 2 days. See you in 2025!

Most sectors ended in the red. Real Estate (-1.5%) and Auto (-1.45%) were the top losers. Pharma (+1%) and IT (+0.6%) bucked the overall market trend.

As 2024 wraps up, what stocks should be on your radar next year? Read our top story on Nirmal Bang’s 2025 picks.

JSW Energy gained after announcing a $1.47 billion clean energy acquisition. Cigniti fell after terms of its Coforge merger were announced. More details below.

Indo Farm Equipment’s IPO kicks off tomorrow! Check out our analysis below to help you decide whether to subscribe.

Ola Electric Mobility cracked -5% after it was hit by two senior-level executive exits.

Listing gains. Senores Pharmaceuticals ended the day at Rs 557 p/sh; +42% higher than its IPO price.

Vodafone Idea gained +4% after the GOI gave it bank guarantee relief for seven past spectrum auctions.

Zinka Logistics was locked in a 5% lower circuit. Morgan Stanley sees a further -11% downside from current levels! 

Adani Wilmar (-1%) was in focus after Adani Group announced it had fully exited the JV. PS - Adani Enterprises (+7%) was the top Nifty gainer, it plans to invest the JV sale proceeds in ‘core infrastructure’.

Gujarat Fluorochemicals fell -7% after a gas leak incident at its Gujarat facility shut down plants and led to 4 deaths.

Here are the closing prints:

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MORE New Year Picks!

Hi guys! As we head into the new year, what stocks should be on your radar? We end our series with Nirmal Bang’s top picks for 2025:

1) Elecon Engineering: For the unaware, the firm is a leading maker of industrial gears and material handling equipment (MHE) with a 35% market share. Order inflows popped off in Q2 (+15% YoY) vs a decline in Q1 (-11% YoY). Also, Elecon’s MHE segment went from losses in FY22 to hitting margins of 26% in H1FY25, a big turnaround. PS - Nirmal Bang projects the bottomline to grow at 22% CAGR over FY25-27 and sees a 42% upside from current levels.

2) Samhi Hotels: The company is on an aggressive expansion drive. FYI - it renovated & reopened 133 rooms in Greater Noida, and bought out Inmar Tourism in October, which added another 142 rooms. It’s also constructing 220 new rooms through internal accruals and will open new hotels in Kolkata and Bangalore before March-end. Booming demand + higher capacity = a winning proposition. The brokerage has a price target of Rs 269 p/sh; +35% upside from current levels.

3) Axiscades Technologies: Its order book jumped +27% YoY in Q2, led specifically by key aerospace wins. FYI - the firm won a critical work package on aero structures (total contract value: $15 million). It’s also expanding in both the North America and Indian markets by adding manufacturing support & new assembly lines. Axiscades has guided for higher production revenues AND higher margins in H2FY25, led by new opportunities in antri-drone and missile systems. Nirmal Bang sees a +31% rally from today’s close.

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7 Portfolio Stocks For 2025 

Let’s make 2025 the best year for your portfolio. We’ve handpicked 7 top investment ideas from SEBI registered advisors in our latest video. Miss it at your own cost.