Monday, February, 03,2025

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Market stabilisation expected post-election win

Following the results of the Maharashtra and Jharkhand assembly elections, as well as by-elections in various states, it is expected that the stock market will become stable. After the massive victory of the BJP alliance in Maharashtra, it can be assumed that the volatility in the country’s stock markets will subside, and Indian stock markets may celebrate this win on Monday.

Market analysts were primarily focused on the Maharashtra election results, due to the significant economic activities in the state. Now that the situation is clearer, it is expected that Maharashtra’s economic activities will pick up pace, which will likely have a positive impact on the country’s economy. Additionally, the recent recovery in Adani Group shares, following legal challenges in the US, could also signal a turning point. The recovery in Friday’s stock market might have been driven by “oversold” positions, as technical charts had indicated market weakness, but the election results could shift this equation.

Investors are advised to focus on companies with strong fundamentals. However, foreign institutional investors (FIIs) are still showing a negative outlook.

Investors who typically invest via IPOs will have opportunities to apply for new IPOs this week, including one from Rajputana Bio-Diesel Limited, based in Jaipur. The company plans to raise Rs 24.70 crore by offering shares in the price range of Rs 123 to Rs 130. While the company showed a modest profit of Rs 4.5 crore in FY 2023-24, the risks involved in investing in the company remain a concern. Another Jaipurbased company, Agarwal Toughened Glass India Limited, is also launching an IPO through the MSME platform, raising Rs 62.64 crore by offering shares at Rs 105 to Rs 108. Despite showing improved profits, the company remains under significant debt, raising questions about the high premium being sought for its shares.

THE VIEWS EXPRESSED BY THE AUTHOR ARE PERSONAL

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Libra

Harmony in relationships is your priority. Compromise and understanding will strengthen your bonds.

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Virgo

Focus on organization and details. A well-planned day will lead to productive results and personal satisfaction.

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Leo

Leadership will come naturally. Take charge of situations but remain humble for the best outcomes.

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Cancer

Emotional balance is key today. Spend quality time with loved ones to find comfort and clarity.

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Gemini

Today is perfect for networking and sharing ideas. Your adaptability will help you tackle unexpected changes with ease.

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Taurus

Patience will be your strength today. Financial matters might need attention, so think twice before making big decisions.

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Aries

Today brings opportunities for growth, but you'll need to stay focused. Trust your instincts to navigate challenges.

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Pisces

Your intuition will guide you. Trust your feelings and explore creative outlets for peace of mind.

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Aquarius

Innovation is your theme today. Explore unconventional ideas to solve lingering problems.

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Capricorn

Hard work pays off today. Your dedication and discipline will lead to well-deserved recognition.

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Sagittarius

Adventure is calling! Embrace new opportunities, but keep a balanced approach to risks.

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Scorpio

Your determination will be unmatched. Dive deep into tasks, but don't forget to take breaks to recharge.

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Libra

Harmony in relationships is your priority. Compromise and understanding will strengthen your bonds.

image

Virgo

Focus on organization and details. A well-planned day will lead to productive results and personal satisfaction.

image

Leo

Leadership will come naturally. Take charge of situations but remain humble for the best outcomes.

image

Cancer

Emotional balance is key today. Spend quality time with loved ones to find comfort and clarity.

image

Gemini

Today is perfect for networking and sharing ideas. Your adaptability will help you tackle unexpected changes with ease.

image

Taurus

Patience will be your strength today. Financial matters might need attention, so think twice before making big decisions.

image

Aries

Today brings opportunities for growth, but you'll need to stay focused. Trust your instincts to navigate challenges.

image

Pisces

Your intuition will guide you. Trust your feelings and explore creative outlets for peace of mind.

image

Aquarius

Innovation is your theme today. Explore unconventional ideas to solve lingering problems.

image

Capricorn

Hard work pays off today. Your dedication and discipline will lead to well-deserved recognition.

image

Sagittarius

Adventure is calling! Embrace new opportunities, but keep a balanced approach to risks.

image

Scorpio

Your determination will be unmatched. Dive deep into tasks, but don't forget to take breaks to recharge.