MMI is in the extreme fear zone. Extreme fear (<30) suggests a good time to open fresh positions , as markets are likely to be oversold and might turn upwards.
Since last week: Sentiment moved from Fear (30.66) to Ext. Fear (22.95).
Stock Spotlight Of The Day
Vedanta Limited
Market Cap
2,53,941 Cr
Current Price
₹649
Stock P/E
23.1
Dividend Yield
6.70%
ROCE
25.3%
ROE
38.5%
Shareholding Changes (Impact Factors)
FIIs
QoQ
1.07%
YoY
0.13%
Positive foreign sentiment
DIIs
QoQ
-0.94%
YoY
-0.18%
Stable domestic holding
Promoters
QoQ
0%
YoY
0%
No change in promoter holding
Quarterly Summary (Absolute)
Sales
QoQ
Strong momentum
24.65%
YoY
Strong momentum
36.96%
Expenses
QoQ
Costs rising
19.31%
YoY
High escalation
36.95%
Operating Profit
QoQ
Strong profit
39.69%
YoY
Strong profit
36.96%
Net Profit
QoQ
Profits soared
124.4%
YoY
Profits soared
60.11%
Profit & Loss (Compounded)
Sales Growth
10 Years
8%
5 Years
13%
3 Years
5%
TTM
-4%
Profit Growth
10 Years
22%
5 Years
2%
3 Years
-10%
TTM
12%
Stock Price CAGR
10 Years
22%
5 Years
23%
3 Years
32%
1 Year
40%
Return on Equity
10 Years
15%
5 Years
24%
3 Years
23%
Last Year
38%
Fundamentals Corner
The company is successfully pivoting toward high-margin efficiency; while multi-year sales growth has been sluggish, core profitability is strengthening as evidenced by a standout 38% ROE and a massive 60% YoY surge in quarterly net profits.
Growth momentum remains uneven but is rebounding sharply, with the latest quarterly results finally validating the aggressive 40% annual stock price rally that had previously outpaced long-term fundamental averages.
News TidBits
The company is set to demerge into five distinct listed entities next month in a strategic move intended to unlock shareholder value and decentralize its heavy debt load across autonomous units.
A prolonged legal battle is brewing as the firm challenges the decision to award Jaiprakash Associates to Adani Enterprises, citing its own higher bid in the insolvency resolution process.
Investors face execution risks as the group navigates complex multi-jurisdictional assets and a multi-year struggle to restructure its massive resource-linked debt.
The demerger could provide a favorable setup for long-term investors by allowing cleaner exposure to specific commodity cycles once legal and structural hurdles are cleared.
The stock remains highly sensitive to both global commodity price volatility and the finalization of its decentralized corporate governance model.
Stacks on Stacks: Tip Time 🤑
The 90% collapse of thirteen penny stocks this fiscal year proves that in low-liquidity assets, price is merely a suggestion until you attempt to exit, at which point it becomes a harsh lesson in transparency.
Metals Market
Commodity
Price
Day
Monthly
YoY
Gold
USD/t.oz
4495.05
2.63%
-15.55%
45.74%
Silver
USD/t.oz
69.588
2.24%
-22.06%
104.13%
Copper
USD/Lbs
5.4685
0.33%
-7.23%
7.43%
Steel
CNY/T
3126
0.13%
2.19%
-2.22%
Lithium
CNY/T
158000
0.96%
-8.41%
113.08%
Iron Ore CNY
CNY/T
812
-0.61%
7.62%
3.9%
Platinum
USD/t.oz
1871.2
1.76%
-19.17%
90.61%
HRC Steel
USD/T
1061
0.09%
4.43%
19.21%
Iron Ore
USD/T
106.22
0.08%
6.42%
3.7%
Silicon
CNY/T
8560
-1.44%
3.38%
-13.75%
Scrap Steel
USD/T
409
1.49%
9.36%
8.63%
Titanium
CNY/KG
46.5
0%
2.2%
-3.13%
Precious metals are acting as a volatile geopolitical hedge; while gold has dropped 15% since the start of the West Asia conflict, it recently recovered on the MCX due to significant Rupee depreciation against a weakening dollar.
Industrial metals show divergent trends with Lithium prices surging over 113% year-on-year despite monthly volatility, while steel and iron ore remain pressured by sluggish global fuel demand and manufacturing uncertainty.
For Indian investors, the 104% year-on-year rise in silver prices and 90% jump in platinum highlight a massive shift in commodity-linked wealth, though recent monthly corrections of 20% suggest caution for short-term traders.
Top News Developments
Geopolitical Tensions Drive Record ₹1.13 Lakh Crore FII Sell-off
The Iran-Israel conflict has triggered the largest monthly FII outflow on record, surpassing the previous peak of October 2024.
This liquidity drain has forced a 'sell-on-rise' mentality among analysts, with the Sensex-to-Gold ratio hitting historical support levels.
Retail portfolios are facing a dual 'squeeze' from falling equity valuations and rising inflationary pressure due to a weak Rupee.
Corporate India Pivot: Renewables, AI, and Insurance Disruption
Coal India’s ₹1,057 crore BESS project signals an accelerating shift for state-owned giants toward a renewable-heavy energy mix.
Jio Financial Services is aggressively entering the life and general insurance sectors, threatening the market share of legacy private players.
RailTel’s ₹444 crore Karnataka project highlights the steady flow of government digitization contracts for mid-tier telecom infrastructure firms.
Service Risks and Infrastructure Gaps Hit Consumer Sentiment
The consumer commission's order against Ola Electric for service defects marks a critical brand risk for EV players regarding post-sales support.
Localized infrastructure issues, such as LPG shortages impacting Jubilant FoodWorks, demonstrate hidden supply chain vulnerabilities in the QSR sector.
In contrast, the luxury segment remains robust, with Leela Palaces expanding to 24 properties by FY30 despite broader macro uncertainty.
Cha-Ching Cheatsheet 💵
Market corrections are mandatory wealth-transfer events where capital flows from those who view volatility as a threat to those who recognize it as a discount on future earnings.
Global Markets
Country
Category
Current PE
Forward PE
Forward PEG
🇬🇧 United Kingdom
Fairly Valued
16.6
14.9
1.5
🇩🇪 Germany
Fairly Valued
18.5
15.3
0.9
🇫🇷 France
Fairly Valued
20.9
17.9
1.2
🇮🇩 Indonesia
Fairly Valued
17.2
11.7
0.4
🇹🇭 Thailand
Fairly Valued
16.5
-
-
🇦🇺 Australia
Fairly Valued
21.8
19.8
2.1
🇸🇬 Singapore
Fairly Valued
17.1
-
-
🇨🇳 China
Fairly Valued
19.0
15.7
0.9
🇮🇳 India
Fairly Valued
21.1
20.1
4.3
🇰🇷 South Korea
Fairly Valued
22.3
13.6
0.4
🇺🇸 United States
Fairly Valued
24.8
21.4
1.6
🇯🇵 Japan
Overvalued
20.8
19.6
3.5
* Valuation category is calculated as a weighted average of PE ratio, CAPE, forward PE, historical PEG, and forward PEG. We are currently showing PE, Forward PE, and Forward PEG for reference.
Metals/PSU banks + post-rally dip + position for oil stabilization rebound.
Realty + early-cycle after broad lift + tariff/peace upside ignored in fear trade.
Policy & Regulations
The NSE's introduction of Dated Brent Crude Oil futures on April 13 will provide domestic energy-intensive firms with a more direct tool to hedge input costs against global price shocks.
New NCLAT rulings confirming that NCLT can defreeze demat accounts of insolvent firms are expected to significantly accelerate recovery timelines for resolution professionals under the Insolvency and Bankruptcy Code.
Regulatory pressure is increasing on retail participation, evidenced by Zerodha's fee hikes for specific intraday derivative trades aimed at reducing broker capital exposure caused by inadequate cash margins.
Crypto Buzz
Name
Price
Market Cap
24h Change
ATH Change
Bitcoin (BTC)
$66756
$1.34T
0.75%
-47.05%
Ethereum (ETH)
$2001.57
$241.56B
0.29%
-59.53%
Tether (USDT)
$0.999273
$184.08B
-0.01%
-24.48%
BNB (BNB)
$612.96
$83.59B
0.19%
-55.26%
XRP (XRP)
$1.34
$82.00B
-0.07%
-63.34%
While Bitcoin remains stable near $66,000, Indian retail participants are being cautioned to ensure rigorous Schedule VDA reporting in their ITR filings to comply with the 30% tax and 1% TDS regulations.
Global institutional adoption is deepening with Morgan Stanley's expanding crypto ambitions and the debut of crypto-backed mortgage products, signaling a shift toward mainstream financial integration.
Geopolitical conflict is driving heightened split-trading activity across major exchanges, reflecting crypto's dual role as both a risk asset and a potential safe haven in volatile regions.
Indian Macroeconomy
Currency
Exchange rate against USD
94.67
0.45
Previous: 94.22
As of Mar 26
Nominal GDP
Annual growth including inflation
7.8%
-0.4%
Previous: 8.2%
As of Dec 25
CPI Inflation
Consumer price increase
3.21%
0.47%
Previous: 2.74%
As of Feb 26
Repo Rate
RBI lending rate
5.25%
→
0%
Previous: 5.25%
As of Feb 26
Trade Balance
Exports minus imports
$-27.1B
$7.58B
Previous: $-34.68B
As of Feb 26
Current Account
Global trade, income & transfers
$-13198M
$934M
Previous: $-14132M
As of Dec 25
Mfg PMI
Manufacturing activity level
53.8 points
-3.1 points
Previous: 56.9 points
As of Mar 26
Services PMI
Services activity level
57.2 points
-0.9 points
Previous: 58.1 points
As of Mar 26
The Indian market is grappling with a record FII exodus of ₹1.13 lakh crore in March, leading to a five-week losing streak that has pushed the Rupee past 94 per dollar and eroded blue-chip valuations.
Macroeconomic momentum is showing signs of cooling as GDP growth slowed to 7.8% from 8.2%, and Manufacturing PMI dipped to 53.8, prompting major brokerages like Goldman Sachs and HSBC to downgrade their outlook on Indian equities.
Persistent geopolitical tensions in West Asia remain the primary driver of domestic volatility, forcing a rotation toward defensive sectors like IT and Pharma as PSU Banks enter a pronounced corrective phase.
