tock Market on 23 January 2025 | Share Market Updates - Find here all the updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets
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- January 23, 2025 16:48
The live blog is now closed.
- January 23, 2025 16:48
Share market updates: Spandana Sphoorty Financial to raise ₹750 crore via QIP; reports Q3 loss of ₹440.19 crore
Spandana Sphoorty Financial board has approved raising of funds via QIP for amount ₹750 crore.
Company recorded a widened consolidated net loss of ₹440.19 crore in the quarter ended December 2024 as against net profit of ₹127.40 crore in the corresponding quarter previous year.
Shares closed 4.23% lower on the NSE at ₹343.75
- January 23, 2025 16:47
Share market live updates: Cyient reports Q3 net profit decline to ₹127.7 crore; shares rise 2.01%
Cyient recorded its consolidated net profit after tax for the quarter ended December 2024 at ₹ 127.7 crore as against ₹153.2 crore in the corresponding quarter previous year.
Shares closed 2.01% positive on the NSE at ₹1,743.
- January 23, 2025 16:46
Nifty Today: Top gainers, losers on the NSE
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- January 23, 2025 16:45
Markets Closing Bell: Sensex rises 115 points, Nifty gains 50 points
Sensex closed marginally higher by 115.39 pts or 0.15% at 76,520.38, Nifty 50 ended positive by 50.00 pts or 0.22% at 23,205.35.
- January 23, 2025 15:36
Stock market live updates: Solar Industries arm inks pact with Maharashtra for a Rs 12,700-crore Anchor Mega Defence and Aerospace Project in Nagpur; Solar Industries stock gains on NSE
Defence and Aerospace, Economic Explosives Ltd (EEL), a wholly-owned subsidiary of Solar Industries India Ltd, entered a Memorandum of Understanding (MoU) with the Maharashtra Government on January 22, 2025, in Davos, Switzerland to establish an Anchor Mega Defence and Aerospace Project (“proposed project”) in Nagpur. The proposed project having investment of approximately Rs 12,700 crore involves expansion of certain defence products such as Drones and UAVs, Counter Drone systems, energetic materials, New Generation Explosives etc. and new products such as military transport aircraft.
Solar Industries stock gained 2.95% on the NSE to ₹9,574.70
- January 23, 2025 15:33
Stock market live updates: Thangamayil Jewellery opened a new branch at Puliyangudi in Tenkasi district of TamilNadu on January 31. The stock trades flat on the NSE at ₹1,742.1
- January 23, 2025 15:26
Stock market live updates: Zee Entertainment Enterprises records ₹126 crore net profit in Q3
Zee Entertainment Enterprises recorded its standalone net profit for the quarter ended December 2024 at ₹126 crore as against ₹76.3 crore in the corresponding quarter previous year.
Shares gained 1.53% on the NSE to ₹119.77
- January 23, 2025 15:15
Stock market live updates today: Vishnu Prakash R Punglia receives Letter of Acceptance
Vishnu Prakash R Punglia received Letter of Acceptance from the Office of Executive Engineer Jaipur Development Authority, project cost ₹513.99 million
Stock traded at ₹253.45 on the NSE, up 1.28%
- January 23, 2025 15:14
Share market live updates: Adani Energy Solutions records ₹625.30 crore net profit in Q3
Adani Energy Solutions’ consolidated net profit after tax stood at ₹625.30 crore in the December 2024 quarter as against ₹348.25 crore in the corresponding quarter previous year.
Shares inched up 0.77% on the NSE to ₹809.
- January 23, 2025 15:13
Share market live updates: Pre-Budget expectation quote by Amit Agarwal, CEO, Howden India on the insurance sector
“As the Union Budget 2025 approaches, we call upon the government to take bold and visionary steps to fortify India’s insurance landscape. Our armed forces stand as the ultimate protectors of our nation, braving unimaginable risks every day. It is only fitting that a centrally funded life and health insurance scheme be made mandatory for them at all levels—this is not just financial security, but a tribute to their unwavering service.
Equally crucial is the need to nurture a strong talent pipeline for the insurance industry. Establishing government-backed educational institutes and skill development centers will empower young professionals, ensuring insurance reaches the grassroots and secures every Indian’s future.
Additionally, granting a GST waiver on retail life insurance and offering greater tax incentives for corporates providing group life and health policies will be transformative. These measures will accelerate the ‘Insurance for All by 2047’ vision, paving the way for a more resilient and financially inclusive India. We look forward to a budget that prioritizes these reforms and propels the industry to unprecedented heights.”
- January 23, 2025 15:06
Stock market live today: Maruti Suzuki India plans to hike car prices starting Feb 1
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- January 23, 2025 15:06
Share market live updates: Top gainers, losers on the NSE as at 3 pm
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- January 23, 2025 15:05
Stock market live updates: 2,135 stock advances while 1,763 stocks decline
Stocks advanced on BSE at 3 pm on January 23, 2025, were 2,135 against 1,763 stocks that declined, and 133 remained unchanged. Total stocks traded were 4,031. The number of stocks that recorded a 52-week high was 73, and those that hit a 52-week low was 90. A total of 215 stocks traded in the upper circuit, and 249 in the lower circuit.
- January 23, 2025 14:56
Stock market live updates: Kothari Sugars commences its operations at Kattur Sugar unit
Kothari Sugars And Chemicals’ informed that Kattur Sugar Unit of the Company has commenced its operations with effect from January 23, 2025, for the sugar season 2024 - 2025.
Stock traded flat on the NSE at ₹43.58
- January 23, 2025 14:38
Stock market live updates today: Moody’s Ratings changed Bharti Airtel’s outlook to positive and affirmed Baa3 ratings. The stock traded flat on the NSE at ₹1,637.25
- January 23, 2025 14:38
Share market live updates: Alivus Life Sciences records ₹136.96 crore net profit in Q3
Alivus Life Sciences recorded its consolidated net profit for the quarter ended December 2024 at ₹136.96 crore as against ₹118.76 crore in the corresponding quarter previous year.
Shares surged 5.08% on the NSE to ₹1,179.65
- January 23, 2025 14:35
Share market live updates: Mazagon Dock Shipbuilders confirms the Commercial bid for submarine project P75(1} has been opened by the MoD
Mazagon Dock Shipbuilders has confirmed that the Commercial bid for submarine project P75(1} has been opened by the Ministry of Defence (MoD) for further processing. “With respect to the 3 additional submarines of Scorpene class under the Project 75, as earlier informed, commercial negotiations with respect to the project are in process,” it added
Shares gain 1.85% on the NSE to ₹2,330.
- January 23, 2025 14:33
Stock market live updates: L&T informs that the MCA has approved the strike off applications
L&T informed that MCA has approved the strike off applications of the below mentioned inoperative wholly owned subsidiaries of L&T Realty Developers Limited, a wholly owned subsidiary of the Company.
1. Avenue Techpark (Bangalore) Private Limited;
2. Bangalore Fortune Techpark Private Limited;
3. Bangalore Spectrum Techpark Private Limited
Shares traded flat on the NSE at ₹3,508.85
- January 23, 2025 14:26
Shre market live today: UltraTech to report fall in Q3 net profit
Ultratech Cement, an Aditya Birla Group company, is expected to register 29 per cent fall in net profit in the December quarter even while the topline may rise marginally, largely due to intense competition.
Revenue from operations in the third quarter will increase marginally by just one per cent year-on-year, according to an average estimate of four leading brokerage houses.
EBITDA for the quarter is estimated to decline 14 per cent y-on-y and operating margins may contract 3.1 percentage points to 16 per cent.
- January 23, 2025 14:24
Stock market live news: UltraTech Cement records ₹1,473.51 crore net profit in Q3
UltraTech Cement recorded its consolidated net profit for the quarter ended December 2024 at ₹1,473.51 crore as against ₹1,774.78 crore in the corresponding quarter previous year.
Stock surged 5.40% on the NSE to ₹11,270.95.
- January 23, 2025 14:23
Stock market live updates today: Senores Pharmaceuticals records ₹16.43 crore net profit in Q3
Senores Pharmaceuticals’ consolidated net profit after tax for the quarter ended December 2024 stood at ₹16.43 crore from ₹7.11 crore recorded in the corresponding quarter previous year.
Shares rallied 10.94% on the NSE to ₹553.05.
- January 23, 2025 14:22
Share market live updates: Pre-budget quote by Nikhil Sethi, Founder & MD, Zuvomo
“The Budget 2025 is a critical moment for India to reclaim its leadership in the global tech ecosystem. India ranks #1 in the number of crypto holders and #3 in tech unicorns globally. Yet, we seem to have missed the Web3 tsunami, which doubled its market cap in 2024 and saw DeFi TVL surge by 2000% year-on-year. Ambiguity in crypto compliance and a regressive tax regime have hindered innovation, pushing startups and talent overseas.
The RBI’s stance reflects a lack of understanding of decentralization’s intrinsic nature—it cannot be banned, only regulated. Meanwhile, nations like the U.S., Singapore, Russia, South Korea, and the UAE are embracing progressive policies to foster crypto innovation. The approval of Bitcoin and Ethereum ETFs in the U.S. in 2024 underlines the importance of forward-looking regulations.
In a country with thousands of tech startups, a thriving ecosystem, and globally leading talent, the crypto industry expects balanced taxation, clear compliance frameworks, and innovation-friendly policies. These are crucial to ensuring India remains in the forefront. The finance ministry and the RBI must mitigate risks without stifling growth. A progressive approach will unlock massive economic potential, create jobs, and solidify India’s position as a global leader in Web3 innovation
- January 23, 2025 14:16
Stock market live updates: Rising Stress in Unsecured Retail Poses Risks to Indian Banks’ Asset Quality
Fitch Ratings believes increasing stress in Indian banks’ unsecured retail loan portfolios could pose risks to our projections for the sector’s asset quality in 2025. We forecast the sector’s impaired-loan ratio to fall by 40bp to around 2.4% for the financial year ending March 2025 (FY25), with a further 20bp improvement in FY26, despite expecting new bad loans in FY25 and FY26 to be around 25% higher than in FY24.
- January 23, 2025 14:14
Stock market live updates today: Mahindra Lifespaces expands Bengaluru footprint with 8.2-acre land acquisition
Mahindra Lifespace Developers Limited (MLDL) has strategically acquired 8.2 acres of land in North Bengaluru through its subsidiary Anthurium Developers Ltd, the company announced today. The land parcel has a developable potential of approximately 0.9 million square feet and is projected to generate a Gross Development Value (GDV) of nearly ₹1,000 crore.
The shares of Mahindra Lifespace Developers Limited (MLDL) were trading at ₹394.70 down by ₹5.40 or 1.35 per cent on the NSE today at 1.35 pm.
- January 23, 2025 14:09
Share market live today: Stocks to watch:
1. Gravita India: GOOD TO EXCELLENT RESULTS
For the quarter ending Dec-24, Sales up 31% YoY from INR 758 Cr in Dec-23 to INR 996 Cr in Dec-24. Similarly, Net Profit up 28% from INR 61 Cr to INR 78 Cr. On a QoQ basis, Sales up 7% and Net Profit up 8%.
2. Arham Technologies: FUND RAISE
Board meeting to be held on 29th Jan 2025 to consider fund raise.
3. Hazoor Multi Projects: FUND RAISE
Board meeting to be held on 28th Jan 2025 to consider fund raise.
4. Viviana: ORDER
Company’s subsidiary, Aarsh Transformers Private Limited, has secured an INR 2.4 Cr contract from M.M. Brothers.
5. Dynacons: RECOGNITION
Company has been recognized as one of India’s fastest-growing technology companies in the Deloitte Technology Fast 50 India 2024. The ranking, based on three-year revenue growth, highlights companies driving innovation, scalability, and societal impact.
- January 23, 2025 13:43
Share market updates: Budget Expectations for 2025 from Insurance Sector
Sameer Bansal, MD & CEO, PNB MetLife
While India is a fast-growing economy fueled by its rising middle-class population of [25-45] year olds, the proportion of people above the age of 60 is equally increasing at a rapid pace. Financial stability is a cornerstone of a secure future. One of our hopes for the upcoming budget is to see support for pension and annuity plans which are key financial instruments for the retirement planning needed to create that stability.
Tax support for pension plans offered by life insurers, on par with the National Pension Scheme, will provide both greater choice and allow diversification of assets into multiple pension plans. At the same time, while we recognize and applaud the ongoing deliberations on removing GST on term life and health policies, we urge the government to also consider removing GST on premiums for annuity plans to support pensioners and make annuities more affordable and accessible.
These actions would give people greater flexibility to create and protect financial stability, which in turn is an important building block for the continuing economic growth of our country.
- January 23, 2025 13:41
Stock market live today: Emcure Pharmaceuticals launches state-of-the-art R&D centre in Gujarat, stock trades steady
Emcure Pharmaceuticals Limited has inaugurated world-class R&D centre in Gujarat.
Stock traded flat on the NSE at ₹1,344.10.
- January 23, 2025 13:40
Share market live today: IRED fundraising approval: ₹5,000 crore via QIP, shares dip to ₹196.69
Indian Renewable Energy Development Agency board has approved raising of funds via QIP for ₹5,000 crore.
Shares traded at ₹196.69 on the NSE, down 1.78%.
- January 23, 2025 13:28
Share market updates: IDBI Bank appoints Rakesh Sharma as Managing Director & CEO effective March 18, 2025
IDBI Bank Limited has appointed Rakesh Sharma as Managing Director & CEO of the company w.e.f. March 18, 2025
- January 23, 2025 13:24
Mid-day market updates: Tech stocks propel markets higher amid cautious trading sentiment
Equity markets showed moderate gains during mid-day trading on Thursday, with technology stocks providing crucial support amid ongoing foreign institutional investor (FII) selling pressures. The Sensex advanced 257.16 points, or 0.34 per cent, climbing to 76,662.15, while the Nifty 50 index gained 92.35 points, representing a 0.4 per cent increase to 23,247.70.
- January 23, 2025 13:23
Stock in focus: Mphasis stock gains 4.38% trading at ₹2,932 on the NSE ahead of Q3 results
- January 23, 2025 13:19
Share market live today: Delta Manufacturing completes voluntary winding up of Rhine Estates; stock gains over 2%
Delta Manufacturing informed that the voluntary winding up of Rhine Estates Limited UK, (Formerly known as Magdev Ltd, UK), a material subsidiary, has been completed.
Delta Manufacturing stock gained 2.73% on the NSE to ₹103.91
- January 23, 2025 13:17
Share market live updates: MPS reports 37% profit surge, declares interim dividend of ₹33 per share
MPS Ltd’s consolidated net profit for the quarter ended December 2024 rose 37 per cent to ₹40.71 crore from ₹29.73 crore in the corresponding quarter previous year.
The board has declared 1st interim dividend of ₹33 per share.
Shares zoom 9.74% on the NSE to ₹2,204.
- January 23, 2025 13:16
Share market live today: Anthurium Developers acquires 8.2 acres in north Bengaluru
Anthurium Developers Limited, wholly owned subsidiary of Mahindra Lifespace Developers Limited, has acquired around 8.2 acres of land in North Bengaluru.
Mahindra Lifespace Developers stock traded flat on the NSE at ₹398.35.
- January 23, 2025 13:16
Budget updates: Chandraprakash Padiyar, Senior Fund Manager at Tata Asset Management, outlining his expectations for Budget 2025
Late 2024 and ongoing in 2025 is a clear trend of global capital moving towards the US economy. US$ has appreciated against all currencies sharply. With new President in the US promising further protectionism, every economy in the world needs to focus on its strong points and look more internal. Fiscal discipline along with other macro parameters would be critical in these times. India has done very well over the past few years on improving fiscal health and the government has articulated its target to achieve below 4.5% deficit for FY26E. Additionally, Finance Minister articulated the target to reduce debt to GDP sharply beyond FY27. It would be prudent to continue to walk the path of fiscal consolidation and reduce debt to GDP ratios for the country which will go a long way in sustaining growth in the long term.
- January 23, 2025 13:01
Stock market live updates: Airtel and Jio align with TRAI, unveil revised voice plans
Bharti Airtel lowered its annual and quarterly voice plans by ₹40-70, while Reliance Jio launched new plans on Wednesday night, in line with the Telecom Regulatory Authority of India (TRAI) order calling for separate voice and SMS plans.
- January 23, 2025 12:53
Share market live today: Menon Bearings reports slight increase in Q3 profit, shares down 2.32%
Menon Bearings recorded its consolidated net profit for the quarter ended December 2024 at ₹5.47 crore as against ₹5.46 crore in the corresponding quarter previous year.
Shares traded at ₹117 on the NSE, lower by 2.32%.
- January 23, 2025 12:47
Share market live today: Titagarh Rail appoints Shivendra Singh as CEO
TITAGARH RAIL SYSTEMS has appointed Shivendra Singh as Chief Executive Officer (Passenger Rail Systems). He will be responsible for overseeing Passenger Rail Systems business vertical of the Company
- January 23, 2025 12:23
Share market live today: 20 Microns shares plunge 11.51% despite increase in Q3 net profit to ₹12.92 cr
20 Microns stock slumped 11.51% on the NSE to ₹202.87 following Q3 results. However, it reported a slight rise in consolidated net profit for the quarter ended December 2024 at ₹12.92 crore as against ₹11.50 crore in the corresponding quarter previous year.
- January 23, 2025 12:18
Nifty Today: Top gainers, losers on the NSE as at 12 noon
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- January 23, 2025 12:17
Sensex today: Top gainers, losers at noon trade
Stocks advanced on BSE at 12.02 pm on January 23, 2025, were 2,282 against 1,447 stocks that declined, and 156 remained unchanged. Total stocks traded were 3,885. The number of stocks that recorded a 52-week high was 67, and those that hit a 52-week low was 67. A total of 169 stocks traded in the upper circuit, and 211 in the lower circuit.
- January 23, 2025 12:17
Nifty today: Top gainers of Nifty IT stocks
Coforge (12.12%), Persistent systems (11.02%), Mphasis (4.30%), Wipro (3.70%), LTIMindtree (3.18%)
- January 23, 2025 12:10
Commodities technicals: Copper: Wait for dips to go long
The rally in copper prices that has been in place since the beginning of this year seems to be losing steam. The Copper Futures Contract, which trades on the Multi Commodity Exchange (MCX) touched a high of ₹840.95 per kg last week and then came down from there. It is currently trading at ₹828 per kg.
- January 23, 2025 11:28
Share market live today: Tata Teleservices reports net loss of ₹315.11 crore despite revenue growth
Tata Teleservices (Maharashtra) reported a net loss of ₹315.11 crore for the quarter ended December 2024 as against ₹307.69 crore in the corresponding quarter previous year.
Its revenue from operations for Dec 2024 quarter rose to ₹332.77 crore as against ₹296.03 crore in the corresponding quarter last year.
Shares trade flat on the NSE at ₹76.30.
- January 23, 2025 11:26
Commodities market updates: Moderate demand, European LNG buying to impact India’s imports in 2025
India’s import of liquefied natural gas (LNG) is expected to decline in the 2025 calendar year (CY) largely due to moderate demand and stiff competition in global markets for LNG cargoes as the European Union (EU) returns to the market following pipeline supply risks and a colder-than-usual winter.
- January 23, 2025 11:17
Stock market live news: Goldiam International opens stores in Navi Mumbai
Goldiam International has opened its first and second store at Borivali West and Kharghar, Navi Mumbai.
Stock gained 1.65% on the NSE to ₹485.35.
- January 23, 2025 11:08
Bank Nifty Prediction Today – January 23, 2025: Struggling to gain strength. Stay out of the market
Bank Nifty index continues to oscillate in a sideways range. The index has been broadly stuck in between 48,000 and 50,000. Within the index is currently attempting to bounce back from the lower end of the range. Bank Nifty index is currently trading at 48,806, up 0.17 per cent. The advances/declines ratio is at 7:5.
- January 23, 2025 11:07
Stock market live today: Strides Pharma’s OneSource to start trading on NSE and BSE
Strides Pharma Science informed that OneSource has received Final Listing and Trading approval for its Equity Shares from the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on Wednesday, January 22, 2025.
Scrip Code of OneSource is as under:
NSE: ONESOURCE
BSE: 544292
OneSource shall start trading on NSE and BSE from Friday, January 24, 2025 onwards.
Strides Pharma Science stock soared 6.50% on the NSE to ₹619.10
- January 23, 2025 11:03
Share market live news: Zensar Technologies posts ₹159.8 crore net profit for Q3, revenue rises to ₹1325.6 crore
Zensar Technologies stock rallied 13.59% on the NSE to ₹852. The company recorded its consolidated net profit for the quarter ended December 2024 at ₹159.8 crore as against ₹161.7 crore in the corresponding quarter previous year. Its revenue from operations rose to ₹1325.6 crore in the Dec 2024 quarter as against ₹1204.1 crore in the corresponding quarter previous year.
- January 23, 2025 10:58
Stock market live news: Coforge beats revenue expectations, misses margin targets in Q3
COFORGE 3Q: $ CC REV +7.5% QOQ | EBITDAM @17.8% (+130 BPS QOQ) | BEAT ON REVENUES AND MISS ON MARGINS; BROAD-BASED GROWTH ACROSS VERTICALS
• COFORGE’s USD revenue grew 7.5% QoQ ( up 8.4% QoQ CC). Growth was led by TTH vertical (+7.5% QoQ), followed by Insurance, which was up 5.8% QoQ. BFS grew 4.9% QoQ during the quarter.
• Broad based growth across Americas (69.2%), EMEA (20.5%) and RoW (3.3%) YoY was seen.
• Order Intake was USD 501m - second consecutive quarter of US$ 500+ m order intake. Signed four large deals during the quarter. 12 month executable order book at USD 1.3b up 40% YoY.
• Adj. EBITDA margin stood at 17.8% up 130bps QoQ.
• Cigniti business delivered 3.5% cc QoQ growth; EBITDA margin improved to 17.3%.
• Headcount: stood at 33,094; net addition of 611 sequentially (up 2%). Headcount has increased 16% organically since the beginning of the year.
• The board has declared interim dividend of INR19/share.
- January 23, 2025 10:54
Nifty Prediction Today – January 23, 2025: Bullish. Go long now and accumulate on dips
Nifty 50 is managing well to sustain above the psychological 23,000 mark. The price action over the last couple of days shows the presence of fresh buyers below 23,000.
- January 23, 2025 10:37
Share market live today: Ultratech Cement shares were up 1.69% on the NSE, trading at ₹10,874.05 ahead of the Q3 results.
- January 23, 2025 10:22
IPO Updates: Stallion India Fluorochemicals debuts on NSE at ₹120, 33% above IPO price
Stallion India Fluorochemicals stock debuted on the NSE at ₹120, at a 33% premium over the IPO price of ₹90.
The IPO received 188.38 times subscriptions. The 199.45 crore IPO comprised of a fresh issue of 1.78 crore equity shares and an offer-for-sale (OFS) component of 43.02 lakh shares by its promoter Shazad Sheriar Rustomji.
The proceeds were to be used towards funding working capital requirements, capital expenditure for its proposed facilities in Maharashtra and Andhra Pradesh, and general corporate purposes.
Stallion India Fluorochemicals is engaged in the sale of refrigerants and industrial gases, along with related products. The company serves a diverse range of industries, including air-conditioning and refrigeration, firefighting, semiconductor manufacturing, automobile manufacturing, pharmaceuticals and medicals, glass bottle manufacturing, aerosols, and spray foam applications.
Sarthi Capital Advisors was the sole book running lead manager, while Bigshare Services was the registrar to the issue.
- January 23, 2025 10:21
Sensex today: Sensex gained 233.56 pts or 0.31% to 76,638.55 as at 10.11 am
- January 23, 2025 10:06
Stocks in focus: Adani Energy, Adani Green Energy trade flat ahead of the Q3 results today
Adani Energy Solutions and Adani Green Energy traded flat on the NSE at ₹799.55 and ₹1,036.50, respectively, ahead of the Q3 results today.
- January 23, 2025 10:02
Share market live today: Biocon to discuss fund raising plans in Jan 27 meeting, stock up 1.92%
Biocon to consider fund raising at its meeting on Jan 27
Stock rose 1.92% on the NSE to ₹395.50.
- January 23, 2025 10:01
Stock in focus: Paras Defence signs MoU for ₹12,000 crore optics park project in Navi Mumbai, stock rises 4.10%
Paras Defence and Space Technologies Limited had signed a Memorandum of Understanding (MoU) with the Government of Maharashtra, India, for the proposed Optics Park Project in Navi Mumbai, Maharashtra. This Optics Park Project is set to commence in the year 2028. Upon allocation of land and requisite subsidies by the Government of Maharashtra, the Company proposes to invest approximately Rs. 12,000 crores in the Optics Park over a period of 10 years.
Stock gained 4.10% on the NSE to ₹1,074.80
- January 23, 2025 09:57
Share market live today: Pidilite shares zoom 7.60% on strong Q3 numbers
Pidilite shares zoomed 7.60% on the NSE to ₹2,964.20 as net profit jumped 9% to ₹557 crore for the quarter ended December 2024 as against ₹511 crore in the corresponding quarter previous year.
- January 23, 2025 09:55
Pre-Budget views: George Alexander Muthoot, MD of Muthoot Finance
The forthcoming union budget is poised to chart the course for the new Indian government’s economic growth agenda. On the back of the political stability and resilient economy, it is expected to provide relief to various sections of the society and benefits for various sectors. The budget 2025 has the opportunity to help provide the NBFC sector and retail investors with the much needed impetus. Below are a few recommendations where government support will go a long way in providing last-mile credit.
Wishlist as a gold loan NBFC
As a prominent player in this sector, we would like to continue to advocate to provide cushion and offer maximum benefit to customers by urging the government to grant eligible gold loan NBFCs with ‘priority sector status’. We believe that providing priority sector status to eligible gold loans NBFCs will be a step forward in driving financial inclusion as it majorly impacts the small borrowers whose borrowing needs are frequently less than Rs 50,000. We also propose for a ‘Gold linked credit line via UPI’ that can go a long way in helping households/small business owners meet their financing needs and monetise idle gold jewellery. Once the NBFCs are allowed to link with the UPI payment system, this will act as a secured credit that would be extended by NBFCs at a lower interest rate (12%-18%) compared to the high interest rates (around 36%) charged by credit cards.
We further seek a level playing field by bridging the disparity and aligning the single counterparty exposure limits for gold loan NBFCs in comparison with other NBFCs i.e. 20% of Tier-1 capital. This restriction impacts the ability to lend credit and negatively impacts our potential customers.
Wishlist for our retail NCD investors
With the growing impetus on diversifying the funding mix of NBFCs, we would urge the regulators and government to simplify the taxation compliance on the TDS on listed NCDs which is currently at 10% TDS. The selling and re-selling of listed NCDs through stock exchanges ends up putting a taxation burden on the end investor. Since the TDS were introduced on listed securities keeping in mind that the customers are not paying the tax, however on ground there is an adequate trail of holders and interest payments. Our other recommendation is for allowing additional interest rate on Public Issue of Secured Non-Convertible Debentures (NCDs) issued to retail investors, pensioners and senior citizens over and above the interest rate applicable to institutional investors. We believe these regulations are crucial in order to attract more retail investors and ensure fair compensations to all our investors and stakeholders.
- January 23, 2025 09:52
Stock in focus: Krystal Integrated bags facility management contracts for airports and metro infrastructure; stock gains over 1% Stock gained 1.42% on the NSE to ₹651.05
Krystal Integrated Services Bags Facility Management Contracts for Airports and Metro Infrastructure
Stock gained 1.42% on the NSE to ₹651.05
- January 23, 2025 09:50
Stock in focus: Persistent Systems stock soared 7.96% on the NSE to ₹6,135.35, following robust Q3 numbers.
Read full story here
- January 23, 2025 09:35
Share market live today: South West Pinnacle Exploration secures mining block in Oman, shares rise 1.09%
South West Pinnacle Exploration Ltd. through its’ Joint Venture Company namely Al Hadeetha Mining LLC (AHML), Oman, has been awarded an exploration & Mining block 22B, in IZKI Town of Oman for exploration and mining of Minerals viz; Copper, Gold, Silver & Chromite and Basalt. The block is spread across 1452 KM2.
Shares rose 1.09% on the NSE to ₹135.80
- January 23, 2025 09:34
Nifty today: Top gainers, losers on the NSE as at 9.31 am
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- January 23, 2025 09:33
Share market live today: Coforge declares ₹19 interim dividend; acquires Xceltrait Inc. for $17.85 million, stock surges 8.43%
Coforge board has declared third interim dividend of Rs. 19. Coforge Inc., a wholly owned subsidiary of the Company has agreed to enter into a Stock Purchase Agreement with Xceltrait Inc. and its stockholders (“Stock Purchase Agreement”) to acquire all of the outstanding shares of capital stock of Xceltrait Inc. for aggregate purchase consideration of approximately $ 17.85 million.
Company recorded its consolidated revenue from operations for the quarter ended December 2024 at ₹3318.2 crore as against ₹2323.3 crore in the corresponding quarter previous year.
Stock jumps 8.43% on the NSE to ₹8,922.10.
- January 23, 2025 09:32
Stock in focus: Macrotech responds to trademark dispute with Lodha Brothers, files suit in Bombay High Court
Macrotech has responded to news item stating stock cracked amid trademark tussle between brothers Abhishek and Abhidandan Lodha.
“Abhinandan Lodha and entities related to him (collectively, “HoABL” / “House of Abhinandan Lodha”) are engaged in real estate business (including plots and proposed high rise development in Mumbai), and are creating confusion in the consumer’s minds with respect to their association with ‘LODHA’ and ‘LODHA GROUP’. HoABL is marketing their business in a manner which is deceptively similar and/or identical to our widely known and highly valuable brand name of ‘LODHA’ and ‘LODHA GROUP’,” it said.
Macrotech Developers added, “we have filed a suit in the Bombay High Court against HoABL for infringement of our trademarks and passing off their business as ours, and are seeking appropriate injunctions, reliefs, and damages.”
- January 23, 2025 09:32
Stock Recommendations: CLSA on Dr Reddy
Downgrade to Underperform from Hold; Cut TP to Rs 1090 from Rs 1140
See earnings to decline at 10% CAGR over FY25-27 due to decline in margin in FY27 led by gRevlimid expiry
- January 23, 2025 09:31
Stock Recommendations: CLSA on Aurobindo Pharma
Upgrade to Outperform from Hold; Cut TP to Rs 1400 from Rs 1540
Growth Drivers -
Commercialisation of Pen-G plant in 2025 and Vizag
China plant expansions
Launch of biosimilars from FY26
Stable price erosion in US generics
- January 23, 2025 09:31
Stock Recommendations: CLSA On Dr Lal PathLabs
Upgrade To Outperform Call, Target At `3,240/Sh
Co Has Seen Continuous Improvement In Volume Growth With Steady Pricing.
Stock Is Down 22% From Its Previous High In Oct 2024 Despite Improvement
Stock Is Down Mainly Due To A Cautious Outlook On Its Margin For H2
See Near-term Margin Outlook As Transient & Should Improve As New Labs Stabilise
Stock Correction Is Overdone As It Trades At A Discount To Its Peers
Considering Its Dominant Positioning In North & Strong Expansion Plans
- January 23, 2025 09:31
Stock Recommendations: CLSA on Indian Healthcare
Expect India pharma market to grow at 8-9% in 2025, slightly better than US market
Indian export oriented companies will be dependent on large on-off drugs
Expect generic price erosion in mid single-digit
Expect competition for key drugs to impact DRL, Zydus and Cipla
Prefer companies with higher domestic market exposure and hospitals
Prefer diagnostics over drug makers
Top picks Apollo Hospitals, Max Healthcare and DR Lal Pathlabs
Dr Reddy Labs - Downgrade to Underperform from Hold, TP 1090 (FROM 1140)
Aurobindo Pharma - Upgrade to Outperform from Hold, TP 1400 (FROM 1540)
Dr Lal Pathlabs -Upgrade to Outperform from Hold, TP 3240 (FROM 3110)
- January 23, 2025 09:30
Stock recommendations: Brokerages on Persistent Systems
Citi On Persistent
Sell Call, Target Raised To `5,000/Sh
Reported Decent Q3; Revenue Was In-line, While Margin Were Better
Key Focus Areas Include 9-month CFO/EBITDA At 50%
Headcount Up 3% QoQ/ 2.5% YoY With Utilisation At Highest Ever Is Also Important
Revise FY25/FY26 EPS By 2-6% As Incorporate Earnings
Co Continues To Deliver Consistently
Valuations Are At 51x FY26 Cons EPS – Pricing In All Positives
HSBC On Persistent
Hold Call, Target At `5,650/Sh
Co Successfully Accelerating Non-Healthcare Verticals, Which Is A Positive Surprise
Well Positioned To Grow At Industry-Leading Rate In FY26 As Well
Consensus Estimates Already Factor In This Both Growth & Margin Improvement
Nomura On Persistent
Neutral Call, Target At `6,200/Sh
Resilient Growth In Q3 Driven By Strong Execution
Margin Improvement Provides Additional Comfort
Revenue Broadly In-line
Deal Wins Decent; Strong Execution Likely To Help Deliver Industry-Leading Growth
JPM on Persistent
OW, TP Raised to Rs 7200
Scaling new heights; buy on dips
Rev grew 4.6% CC QQ & Ebit margins expanded 90bps QQ to 14.9%
Co now aiming for $5bn rev by FY31& maintained its FY27 target of $2bn & continues to aim for 200-300bps margin expansion over next 2-3 yrs
Kotak Inst Eqt on Persistent
Sell TP Rs 5000
In-line Q3 on growth & margins
Persistent unveiled a new aspiration to reach US$5 bn revenue by FY2031
Expect downside risks to Co’s aim to expand margins by 200-300 bps by FY2027
- January 23, 2025 09:30
Stock Recommendations: Brokerages on Polycab
Macquarie On Polycab
Outperform Call, Target At `7,928/Sh
Strategic Outlook Implies Nearly 15% Revenue CAGR FY25-30
Reported Revenue In-line With Estimates
Key Positive Surprise Was Better Than Expected Cable & Wire Segment Margin
Citi On Polycab
Buy Call, Target At `8,600/Sh
Revenue Growth Of 20% YoY Was Below Estimates
Better Than Expected Margin Was Seen In Wires & Cables Segment
Lower Loss In FMEG Business, EBITDA Growth YoY & Was Ahead Of Est
Wires & Cables Margin Improvement Was Led By Normalisation Of Margin
UBS on Polycab
Buy Call, Target At `9,000/Sh
Q3 Missed Consensus Topline By 3% But EBITDA Beat Of 7%
Cable & Wire Topline Growth Of 12% Drove Miss On Topline.
Miss On Result Was Led By Slowing Government Capex
Slowing Government Capex Should Recover With Rebound In Govt Capex
FMEG Segment Saw Sequential Reduction In Loss
Jefferies on Polycab
Maintain Buy, TP 9220
Wire demand slackened due to softening of copper price
Higher channel inventory also in start of Q3
Healthy guidance for medium term
View Polycab as good play on capex and housing
FY24-27 Sales/PAT CAGR at 24%/25%
MS on Polycab
Maintain Overweight, TP 7537
Disappointing implied domestic cable and wire volume
Implied domestic volume growth in single digit
Cable demand was health but weaker in copper
Margin improves driven by wire business and exports
- January 23, 2025 09:29
Stock Recommendations: HSBC On Varun Bev
Buy Call, Target Cut To `680/Sh From `770/Sh
Q4 Is Seasonally A Small Quarter In India, But Africa Expansion Is Compelling
Industry’s Competitive Landscape Is Intensifying
National Footprint & Client Reach Make Co An Able Challenger
- January 23, 2025 09:29
Stock Recommendations: Nomura On AB Real Estate
Buy Call, Target Cut To `2,700/Sh
Management Appears Confident Of Launching INR80bn In Projects In Q4
Co Has A Robust FY26 Pipeline To Reach `9,000-10,000 Cr In Pre-sales
Cut FY25/FY26 EPS By 30%/22% Owing To Weakness In Pulp & Paper Segment
- January 23, 2025 09:29
Stock Recommendations: MOSL On Tata Comm
Neutral Call, Target At `1,850/Sh
A Mixed Bag Results In Q3; Digital Recovers, Core Connectivity Weak
Adjusted EBITDA Margin Improved On Deconsolidation Of Lower-Margin
Netfoundry Business & Slightly Lower Losses In Digital Portfolio
Mgmt Indicated That Funnel Additions Remain Robust, Especially In Intl Biz
Order Booking Was Relatively Slower
- January 23, 2025 09:28
Stock Recommendations: Jefferies on Auto
Remain positive on Indian auto with preference for 2W and tractors
Preferred buys M&M, Eicher Motors and TVS Motor
Mahindra PV market share at new high, gaining in tractors and LCV too
TVS domestic 2W market share at 18 year high
Mahindra and Hyundai PV market share at 12-17 year low
Alert-Market share data as on 9MFY25
- January 23, 2025 09:28
Stock Recommendations: Brokerages on BPCL
Jefferies on BPCL
Maintain Buy, TP 370 (FROM 410)
Q3 Earnings Miss, Outlook Better, valuations remain favourable
Refining miss, outlook better on capacity closure
Marketing segment slightly better, LPG losses widening
LPG subsidy relief could drive earnings upgrade
Karge capital commitments with uncertain payback
Investec on BPCL
Maintain Sell, TP 250
Headline miss due to inventory loss
Operational performance remains steady
Core refining margin performance unclear as company stopped disclosing inventory gains/losses
Marketing margins improves due to recent correction crude and product cracks
- January 23, 2025 09:27
Stock Recommendations: Brokerages on HUL
UBS On HUL
Neutral Call, Target At `2,700/Sh
Revenue Growth Broadly In-line; Weak Product Mix Impacts UVG
Volume Led Growth In Home Care; Price Hike Impacts Personal Care
Expect Near Term Demand To Remain Soft
Cut EPS Est For FY25-27 By 1-5% To Reflect Near Term Demand Weakness
CLSA On HUL
Underperform Call, Target Cut To `1,924/Sh
Weak Growth & Lower Margin In Q3
Three Of Four Segments See UVG Decline; Minimalist Acquisition Announced
FY25-27 EPS Cuts Of 4-6%
Margin To Weaken Especially For Beauty & Wellness As Growth In Focus
GS On HUL
Neutral Call, Tgt At `2,480/Sh
Q3 Below Estimates On Volume & EBITDA Growth
Urban Slowdown Has Worsened, Downtrading To Small Packs Underway
Soap Volumes Decline Driven By High Price Increases And Grammage Cuts
EBITDA Margin Lower YoY Despite Low Ad Spends
Management lowers near term outlook to moderating consumption environment from stable environment
Acquired Minimalist at 6x EV/sales; the valuation seems fair given the acquisition is large, profitable, synergistic and complementary.
After many quarters, pricing turned positive at 2%.
Nuvama on HUL
Maintain Buy, TP 3225 (FROM 3395)
Volume growth below expectations, overall inline
Given current RM inflation, we are cutting FY25E/26E/27E EPS by 3%/5%/5%
Investec on HUL
Maintain Hold, TP 2643 (FROM 2654)
No near term recovery on cards
Near-term growth outcomes remain challenging for HUL
signal weaker demand trends for the sector as a whole.
HUL’s intent to take the inorganic route with the Minimalist acquisition (likely sub 1% of FY26E sales)
Believe visible triggers for improving revenue growth will be the drivers of earnings, valuation, and stock price from current levels
- January 23, 2025 09:27
Share market live today: MS on Sai Life
Initiate Overweight with TP of Rs 841
Well Positioned for Growth
Sai is one of India’s largest integrated CRDMOs
Offers one stop discovery, development and manufacturing
Distinctive onshore and offshore delivery platforms should drive above industry growth
Believe its early investments in the platform will drive faster-than-peer growth with operating leverage gain
- January 23, 2025 09:27
Stock Recommendations: Brokerages on Pidilite
GS On Pidilite
Buy Call, Target At `3,560/Sh
Acceleration In Volume & Rev Growth In A Tough Consumption Environment
Gross Margin Expansion Offset By Increase In Ad Spends
Key Risks Include Weaker Than Expected Pickup In The Housing Market In India
Rising Competitive Intensity In Waterproofing Is Also One Of The Key Risks
Macquarie On Pidilite
Underperform Call, Target At `2,600/Sh
Broadly In-Line Q3FY25 EBITDA
Q3FY25 Sales Growth Was Marginally Below
Underlying Volume Growth Was Healthy
Co Optimistic On Demand Vs An Optimistic Outlook On Demand Shared In Q2.
- January 23, 2025 09:26
Stock Recommendations: Brokerages on HDFC Bank
Bernstein On HDFC Bank
Outperform Call, Target At `2,300/Sh
Delivered A Good Set Of Numbers, Despite EPS Growth At 2% YoY
Decent NII Growth
Net Operating Income Growth Was Weak But Core Fee Income Remained Strong
Continued Opex Moderation Was Enough To Offset Weak NOI Growth
A YoY Profit Before Tax Growth Of 12% Leaves Us More Confident
Co May See Return To Mid-teens EPS Growth Trajectory In Quarters Ahead
CLSA on HDFC Bank
Hold Call, Target At `1,785/Sh
Q3 Profit Before Tax In-line
Quarter Was More Of Same With Steady Deposit Growth
Curtailment Of Loan Growth, & Largely Stable NIM And Asset Quality
Bank Has Reduced Loan Growth To A 3% YoY & Has Brought LDR Down To 98%
Expect Loan Deposit Ratio To Reach 90% Only In FY27
NIM Moderated A Bit Sequentially, Which Is Par For Course In This Environment
On A YoY Basis, Gross Slippages Are 20 bps Higher - A Decent Performance
Investec on HDFC Bank
Maintain Hold, TP 1650
Slightly miss on NII, beat on profitability
Management continues to focus on lowering LDR ratio (LDR-Loan Deposit Ratio)
Increase in agricultural slippages due to seasonality in Q3FY25
No changes to estimates for FY25/26e
Expect it would take at least two years for the bank to get its balance sheet to a steady state on CD ratio
BoFA on HDFC Bank
Maintain Buy, TP 2020
Q3FY25-No surprises-LDR finish line likely now only 3 quarters away
Seeing good early signs of synergies in liability cross-sells
Current valuations attractive 2x P/B
One of the biggest beneficiaries of any rebound in FII flows
Investors currently underweight post MSCI upweight adjustments
MS on HDFC Bank
Maintain Overweight, TP 1975
Strong quarter amid challenging environment
Asset quality steady-strong franchise among peers
Loan growth to accelerate once LDR normalized by H1FY26
Fee income very strong, up 18% YoY
Valuations remains attractive at 14x one year forward
Macquarie on HDFC Bank
O-P, TP Rs 2300
3Q25 PAT in line: decent results in a tough macro environment
Marginal increase in credit costs because of higher agri slippages
Management expects NIM to improve once macro environment improves
HSBC on HDFC Bank
Buy, TP cut to Rs 1980 from Rs 2130
3Q in line; q-o-q NIM compression of just 3bp (HSBCe: c5bp), stable asset quality are +ves
Cut FY26-27e EPS est. by c4-5% to reflect lower loan growth, some NIM pressure; inflection in loan growth is key
MOSL on HDFC Bank
Maintain Buy, TP 2050
Reported in-line earnings while margins contracted 3bp QoQ.
Asset quality witnessed a marginal deterioration
Gradual retirement of high-cost borrowings, along with an improvement in operating leverage, will support return ratios over the coming year
Cut earnings estimate for FY26/27 by 3% each, reflecting slower loan growth and CASA moderation.
To deliver FY26E RoA/RoE of 1.8%/13.9%
Nuvama on HDFC Bank
Maintain Buy, TP 1950
Better-than expected core slippage, lower LDR and a substantial gain in deposit market share
Slippage (ex-agri) stayed flat QoQ while including agri it grew 13% QoQ
Total lagged slippage ratio at 1.4% remains lowest compared with private peers.
- January 23, 2025 09:23
Commodities market updates: Crude oil futures dip amid rising US inventories
Crude oil futures traded lower on Thursday morning after an industry report showed an increase in inventories in the US. At 9.18 am on Thursday, March Brent oil futures were at $78.73, down by 0.34 per cent, and March crude oil futures on WTI (West Texas Intermediate) were at $75.22, down by 0.29 per cent. February crude oil futures were trading at ₹6515 on Multi Commodity Exchange (MCX) during the initial hour of trading on Thursday against the previous close of ₹6561, down by 0.70 per cent, and March futures were trading at ₹6476 against the previous close of ₹6516, down by 0.61 per cent.
- January 23, 2025 09:19
Stock market live updates: BSE Sensex fell 114.10 pts or 0.15% to 76,290.89 as at 9.16 am, and Nifty 50 slipped 58.00 pts or 0.25% to 23,097.35.
- January 23, 2025 09:15
Share market live today: Q3FY25 Important Result Calendar: Thursday, 23 January, 2025
Derivative Segment
• Adani Green Ltd.
• Cyient Ltd.
• Dr. Reddy’s Lab Ltd.
• Hindustan Petro Ltd.
• Indus Towers Ltd.
• Mphasis Ltd.
• Sona BLW Ltd.
• Ultratech Cement Ltd.
• United Spirits Ltd.
• Syngene Int Ltd.
• Adani Energy Ltd.
• IEX Ltd.
Cash Segment
• Capri Global Ltd.
• KFin Tech Ltd.
• Nippon Life AMC Ltd.
• Ujjivan SFB Ltd.
• Mankind Pharma Ltd.
• Tejas Networks Ltd.
• Amber Enterprises Ltd.
• Tata Tele (Maha) Ltd.
• Zee Entertainment Ltd.
Friday, 24 January, 2025
Derivative Segment
• Atul Ltd.
• AU SFB Ltd.
• Godrej Consumer Ltd.
• Granules India Ltd.
• JSW Steel Ltd.
• Laurus Labs Ltd.
• Torrent Pharma Ltd.
• Shriram Finance Ltd.
• Bank Of India
• DLF Ltd.
• Interglobe Aviation Ltd.
Cash Segment
• Alkyl Amines Chem Ltd.
• CreditAccess Ltd.
• Jindal Saw Ltd.
• LMW Ltd.
• Trident Ltd.
• Intellect Design Ltd.
Saturday, 25 January, 2025
Derivative Segment
• ICICI Bank Ltd.
• IDFC First Bank Ltd.
• JK Cement Ltd.
• Yes Bank Ltd.
• CDSL Ltd.
• Balkrishna Ind Ltd.
• Macrotech Dev Ltd.
• NTPC Ltd.
Monday, 27 January, 2025
Derivative Segment
• Indian Oil Ltd.
• Petronet LNG Ltd.
• Coal India Ltd.
• Adani Total Gas Ltd.
• Union Bank
• Canara Bank
• Piramal Enterprises Ltd.
• Tata Steel Ltd.
• ACC Ltd.
• Indraprastha Gas Ltd.
• The Federal Bank Ltd.
Cash Segment
• Emami Ltd.
• Sumitomo Chemical Ltd.
• Maharashtra Seamless Ltd.
• 360 One Wam Ltd.
• Sundram Fasteners Ltd.
• Aditya Birla AMC Ltd.
• New India Assurance Ltd.
• Adani Wilmar Ltd.
• Kaynes Tech Ltd.
Tuesday, 28 January, 2025
Derivative Segment
• Bajaj Auto Ltd.
• BHEL Ltd.
• Bosch Ltd.
• Cipla Ltd.
• Exide Ind Ltd.
• M&M Fin Serv Ltd.
• TVS Motor Company Ltd.
• CG Power Ltd.
• Colgate-Palmolive Ltd.
• Mahanagar Gas Ltd.
• SBI Cards Ltd.
Cash Segment
• JM Financial Ltd.
• Star Health Ltd.
• TTK Prestige Ltd.
• TVS Holdings Ltd.
• UTI AMC Ltd.
• Great Eastern Shipp Ltd.
• V-Guard Ind Ltd.
• Apar Industries Ltd.
• Piramal Pharma Ltd.
• Shyam Metalics Ltd.
• Jubilant Ingrevia Ltd.
• RR Kabel Ltd.
• JSW Infrastructure Ltd.
• Rites Ltd.
• Home First Finance Ltd.
• Motilal Oswal Ltd.
• Route Mobile Ltd.
• Suzlon Energy Ltd.
Wednesday, 29 January, 2025
Derivative Segment
• Bajaj Finance Ltd.
• CAMS Ltd.
• KPIT Tech Ltd.
• Tata Motors Ltd.
• Maruti Suzuki Ltd.
• Ambuja Cements Ltd.
Cash Segment
• Blue Dart Express Ltd.
• Blue Star Ltd.
• Craftsman Auto Ltd.
• Westlife Food Ltd
• Radico Khaitan Ltd.
• Tamilnad Mercantile Ltd.
• Brigade Enterprises Ltd.
• Deepak Fertilisers Ltd.
• Gujarat Fluoro Ltd.
• JBM Auto Ltd.
Thursday, 30 January, 2025
Derivative Segment
• Bajaj Finserv Ltd.
• Bharat Electronics Ltd.
• Biocon Ltd.
• Container Corp Ltd.
• Dabur India Ltd.
• Navin Fluorine Ltd.
• Shree Cement Ltd.
• Kalyan Jewellers Ltd.
• Larsen & Toubro Ltd.
• PB Fintech Ltd.
• Bank Of Baroda
Cash Segment
• Bajaj Hold & Inv Ltd.
• Ajanta Pharma Ltd.
• Star Cement Ltd.
• Aavas Financiers Ltd.
• Clean Science Ltd.
Friday, 31 January, 2025
Derivative Segment
• Chola Inv & Fin Ltd.
• Marico Ltd.
• Nestle India Ltd.
• Poonawalla Fincorp Ltd.
• ONGC Ltd.
• Sun Pharma Ltd.
• City Union Ltd.
• IndusInd Ltd.
• LIC Housing Fin Ltd.
Cash Segment
• Mahindra Holidays Ltd.
• Mahindra Lifespace Ltd.
• Medplus Health Ltd.
• Jyothy Labs Ltd.
• Aptus Value Housing Ltd.
• Equitas SFB Ltd.
• Five-Star Business Ltd.
Monday, 3 February, 2025
Derivative Segment
• Aditya Birla Cap Ltd.
• Tube Investments Ltd.
Cash Segment
• Castrol India Ltd.
• Gland Pharma Ltd.
• Garden Reach Ltd.
Tuesday, 4 February, 2025
Derivative Segment
• Asian Paints Ltd.
• Max Financial Ltd.
• Titan Company Ltd.
• Tata Power Ltd.
• Godrej Properties Ltd.
Cash Segment
• BASF India Ltd.
• Thermax Ltd.
• Global Health Ltd.
• Happiest Minds Tech Ltd.
Wednesday, 5 February, 2025
Derivative Segment
• Cummins Ltd.
• Page Ind Ltd.
• Info Edge Ltd.
• Zydus Lifesciences Ltd.
Cash Segment
• Kansai Nerolac Ltd.
• Timken India Ltd.
Thursday, 6 February, 2025
Derivative Segment
• BSE Ltd.
• Aurobindo Pharma Ltd.
• SBI
• Trent Ltd.
• Hero Moto Ltd.
• Ramco Cements Ltd.
Cash Segment
• Motherson Sumi Wiring Ltd.
• Aadhar Housing Ltd.
Friday, 7 February, 2025
Derivative Segment
• Life Insurance Corp
Cash Segment
• Akzo Nobel Ltd.
• Chola Fin Hold Ltd.
• Latent View Ltd.
• Honeywell Auto Ltd.
• 3M India Ltd.
Saturday, 8 February, 2025
Derivative Segment
NIL
Cash Segment
• Amara Raja Ener & Mob Ltd.
Monday, 10 February, 2025
Derivative Segment
• Bata India Ltd.
• Apollo Hospitals Ltd.
• Escorts Kubota Ltd.
Cash Segment
• CRISIL Ltd.
• Esab India Ltd.
• Gillette India Ltd.
• Glaxosmithkline Ltd.
• HBL Engineering Ltd.
• Elgi Equipments Ltd.
Tuesday, 11 February, 2025
Derivative Segment
• Berger Paints Ltd.
Cash Segment
• P&G H&H Ltd.
• HEG Ltd.
• Bayer CropScience Ltd.
• Astrazeneca Pharma Ltd.
Wednesday, 12 February, 2025
Derivative Segment
• Muthoot Finance Ltd.
Cash Segment
• Endurance Tech Ltd.
• P&G Health Ltd.
• Suven Pharma Ltd.
• IFCI Ltd.
Thursday, 13 February, 2025
Derivative Segment
• Hindalco Ltd.
• United Breweries Ltd.
Cash Segment
NIL
Monday, 17 February, 2025
Derivative Segment
• ABB Ltd.
Cash Segment
NIL
- January 23, 2025 09:14
Share market updates: Dividend Dates: Ex-Dividend 24 Jan 2025 (Tomorrow)
Last date for Cum-Dividend Today
Control Print Ltd.
Dividend Per Share Rs.4
Previous day Closing Price – Rs. 685
DCM Shriram Limited
Dividend Per Share Rs.3.6
Previous day Closing Price – Rs. 1121.1
Mastek Ltd.
Dividend Per Share Rs.7
Previous day Closing Price – Rs. 2610.55
Oberoi Realty Ltd.
Dividend Per Share Rs.2
Previous day Closing Price – Rs. 1763.8
Vidhi Specialty Food Ingredients Ltd-
Dividend Per Share Rs.1.5
Previous day Closing Price – Rs. 525.7
Waaree Renewable Technologies Ltd
Dividend Per Share Rs.1
Previous day Closing Price – Rs. 990.45
- January 23, 2025 09:13
Share market live today: Pre-market comment by Choice Broking for Thursday January 23
Morning Outlook for 23rd JAN 2025
The benchmark Sensex and Nifty indices are expected to open negative on Jan 23, following GIFT Nifty trends indicating a gain of 63 points for the broader index.
After a negative opening, Nifty can find support at 23,050 followed by 22,950 and 22,800. On the higher side, 23,250 can be an immediate resistance, followed by 23,350 and 23,500.
The charts of Bank Nifty indicate that it may get support at 48,500 followed by 48,200 and 47,800. If the index advances further, 48,900 would be the initial key resistance, followed by 49,200 and 49,500.
The Foreign institutional investors (FIIs) extended their selling on the 14th day as they offloaded equities worth Rs 4,026 crore on January 22, on the other hand, domestic institutional investors bought equities worth Rs 3,500 crore on the same day.
INDIAVIX was negative Yesterday down by 1.66% and is currently trading at 16.7725.
Yesterday, the Indian markets experienced a highly volatile session. Selling pressure from higher levels dragged the Nifty index near the previous day’s low. However, buying activity from lower levels in the later session helped the market recover, leading to a close around the 23,150 mark. Global markets traded on a positive note, but Foreign Institutional Investors (FIIs) remained net sellers, raising concerns about the sustainability of the upward momentum. On the downside, the Nifty could test 22,800, followed by 22,500 levels, as the index continues to face selling pressure from higher levels. A breach below the 23,000 mark would be concerning. On the upside, immediate resistance is seen at 23,300, with the 23,500 level acting as a significant hurdle. Given the prevailing volatility, traders are advised to exercise caution, implement strict stop-loss strategies, and avoid carrying long positions overnight unless the Nifty index trades above the 23,500 mark to manage risk effectively.
Hardik Matalia
Derivative Analyst
- January 23, 2025 09:02
Pre-opening market views by Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
Yesterday, the Nifty tumbled below the 23,000 mark, while sectoral indices like Realty dropped 4.05%, and broader markets also saw losses. The India VIX surged 3.56%, and USD/INR remained firm at 86.57. Despite this, Gift Nifty is aiming for a rebound this morning, though uncertainty persists with US President Trump’s tariff threats on Canada, Mexico, and BRICS nations. Expect heightened volatility in 2025 with upcoming events like the Federal Reserve meeting, the Union Budget, and Delhi Assembly elections. Key stocks to watch today include HDFC Bank, HUL, Pidilite, BPCL, Polycab, Persistent Systems, Coforge, and Tata Communications, which are all reporting their Q3 earnings.
- January 23, 2025 09:02
Share market updates: Pre-market updates by V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services
“There are two trends in the market that deserve attention. One, the institutional activity is showing a consistent trend - sustained selling by FIIs and sustained buying by DIIs. Two, there is a trend towards quality - largecaps are resilient while the broader market is weakening. These two trends are likely to continue in the near-term. Since the dollar index and US bond yields continue to remain high FIIs are unlikely to turn buyers any time soon. This will cap a rally in the market even though the market is in an oversold zone.
Largecap financials, IT and pharma can continue to support the market on declines.”
- January 23, 2025 09:01
Share market updates: Pre-market views by Ameya Ranadive at StoxBox
Wall Street indices gained on Wednesday, driven by optimism surrounding President Donald Trump’s private-sector investment plan for AI infrastructure, which bolstered technology stocks. The S&P 500 rose by 0.61%, the Dow Jones Industrial Average climbed 0.30%, and the tech-heavy Nasdaq Composite climbed 1.28%. In the Asia-Pacific markets, stocks opened on a mixed note as investors reacted to varying regional economic data. Indian benchmark indices are expected to open slightly lower, as suggested by the GIFT Nifty trading marginally in the red, reflecting mixed global cues. On the stock-specific front, Bharat Petroleum Corporation Ltd. (BPCL) announced that its board has approved the submission of a development plan for the Nunukan block’s oil and gas reserves to the Indonesian regulator, with an estimated investment of $121 million. Additionally, BPCL’s board approved the formation of a joint venture with Praj Industries Ltd. to set up Compressed Bio Gas (CBG) plants across India.
After a positive start to the trading session, the benchmark index faced selling pressure within the opening minutes, resulting in a decline of 162 points during the first half. However, the index attracted modest buying interest near the support level of 22981, which helped it recover 183 points of losses and close in the upper quartile of the trading range. The area around 23060-23000 remains a pivotal support zone, and maintaining levels above it will be essential to garner bullish momentum.
- January 23, 2025 09:00
Stock recommendations: Citi: PB Fintech (PBFI.NS) | Adding Upside 90-Day Catalyst Watch
We open a 90D positive catalyst watch on PB Fintech. We expect the company’s new business growth to sustain in retail protection, retail health and savings business-key ingredients providing higher visibility on medium-to-long term revenue and profitability trajectory. While we do not rule out quarterly volatility in margin trajectory, annuity models’ operational performances are best viewed from incremental business flows/momentum, in our view. Management has reiterated their FY2027E PAT target of Rs10bn even considering any potential investment of up to US$100mn in proposed new venture. Effective execution of the hybrid/phy-gital strategy (~20-25% of core insurance premiums are getting converted in this model) drives constructiveness of ability to scale up life savings and high-ticket retail health businesses. Any favourable commentary from management on pickup in feet on street (# employees, indexed productivity, margin trajectory, etc.) could further revive investor sentiment.
- January 23, 2025 08:49
Pre-budget views by Tax and Audit Experts
Capital Gain Tax
Niranjan Govindekar, Partner, Corporate Tax, Tax & Regulatory Services, BDO India
Budget 2024 had made big changes to the capital gains tax framework, offering both challenges and benefits for investors. Some provisions need a relook. For instance, to streamline the capital gains tax structure by aligning tax rates/ period of holding across various sub-asset classes, for instance, treating international equities the same as domestic equities, debt funds the same as gold funds, and gold funds the same as gold ETFs.The hike in short-term rates from 15% to 20% and in long-term rates from 10% to 12.5% has raised investor tax liabilities significantly. Since now the LTCG tax on securities is on par with other assets, the Securities Transaction Tax (STT) should be abolished.
Budget 2024 unexpectedly removed the indexation benefit for all long-term investments in debt funds. It is expected that all investments in debt funds made up to 31 March 2023, would qualify for the indexation benefit as per earlier provisions.
Tax implications on the buyback of shares - under the amended provisions, the entire consideration received is treated as dividends and taxed in the hands of the shareholders. It is recommended that the government amend the law to allow the cost of the acquisition of shares as a reduction and tax only the net amount as a dividend.
- January 23, 2025 08:47
Pre-Budget updates: Revamping tax framework: Enhancing certainty and efficiency for foreign investors in India
Prashant Bhojwani, Partner, Corporate Tax, Tax & Regulatory Services, BDO India
Two of the biggest asks of foreign investors in India are tax certainty and a reduced timeline for litigation. Earlier, the Authority for Advance Rulings (AAR) provided binding rulings that offered clarity and assurance to taxpayers and the tax department alike. This was one avenue to provide tax certainty to foreign investors. It is time to strengthen the framework of the Board for Advance Rulings and re-introduce the binding nature to provide much-needed certainty from a tax perspective to foreign investors.
Currently, the maximum appeals are pending at the Commissioner (Appeals), the first appellate authority, with approximately 5.49 lakh appeals pending on April 1, 2024 (out of which 3.01 lakh appeals were filed before April 1, 2022) which does not read very well on India’s scorecard. The number of Commissioner (Appeals) needs to be increased to adjudicate pending appeals in an accelerated manner. A strict timeline (say 9 or 12 months) should be introduced to dispose of the appeals, similar to dispute resolution panel timelines. Both the above measures will enhance foreign investor confidence, positioning India as a preferred destination for doing business.
- January 23, 2025 08:46
Share market live today: Fund Houses Recommendations
CLSA on Dr Lalpathlabs: Upgrade to Outperform on company, raise target price at Rs 3240/Sh versus Rs 3110/Sh (Positive)
Macquarie on Polycab: Maintain Outperform on Company, target price at Rs 7928/Sh (Positive)
Citi on Polycab: Maintain Outperform on Company, target price at Rs 8600/Sh (Positive)
Jefferies on Polycab: Maintain Buy on Company, target price at Rs 9220/Sh (Positive)
MS on Polycab: Maintain Overweight on Company, target price at Rs 7537/Sh (Positive)
Bernstein on HDFC Bank: Maintain Outperform on Bank, target price at Rs 2300/Sh (Positive)
Citi on HDFC Bank: Maintain Buy on Bank, target price at Rs 2080/Sh (Positive)
MS on HDFC Bank: Maintain Overweight on Bank, target price at Rs 1965/Sh (Positive)
Nuvama on HDFC Bank: Maintain Buy on Bank, target price at Rs 1950/Sh (Positive)
MOSL on HDFC Bank: Maintain Buy on Bank, target price at Rs 2050/Sh (Positive)
BofA on HDFC Bank: Maintain Buy on Bank, target price at Rs 2020/Sh (Positive)
Nomura on Persistent: Maintain Buy on Company, target price at Rs 7000/Sh (Neutral)
Jefferies on Auto – Positive on Indian auto; prefers M&M, Eicher Motors, and TVS Motor with strong market share trends. (Positive)
CLSA on Auro Pharma: Upgrade to Outperform on company, cuts target price at Rs 1400/Sh versus Rs 1540/Sh (Neutral)
UBS on HUL: Maintain Neutral on Company, cuts target price at Rs 2700/Sh versus Rs 2800/Sh (Neutral)
UBS on HUL: Maintain Neutral on Company, target price at Rs 2700/Sh (Neutral)
GS on HUL: Maintain Neutral on Company, target price at Rs 2480/Sh (Neutral)
Nuvama on HUL: Maintain Buy on Company, cuts target price at Rs 3225/Sh versus Rs 3395/Sh (Neutral)
Nuvama on Persistent: Maintain Neutral on Company, target price at Rs 6200/Sh (Neutral)
Emkay on Persistent: Maintain Reduce on Company, target price at Rs 5300/Sh (Neutral)
Jefferies on BPCL: Maintain Buy on Company, cuts target price at Rs 370/Sh (Neutral)
HSBC on VBL: Maintain Buy on Company, cuts target price at Rs 680/Sh (Neutral)
CLSA on HDFC Bank: Maintain Hold on Bank, target price at Rs 1785/Sh (Neutral)
Investec on HDFC Bank: Maintain Hold on Bank, target price at Rs 1650/Sh (Neutral)
Macquarie on Pidilite: Maintain Underperform on Company, target price at Rs 2600/Sh (Neutral)
CLSA on HUL: Maintain Underperform on Company, cuts target price at Rs 1924/Sh (Negative)
CLSA on Dr Reddy’s Lab: Downgrade to Underperform on company, cuts target price at Rs 1090/Sh versus Rs 1140/Sh (Negative)
- January 23, 2025 08:45
Share market live updates: F&O Stocks Exclusion
LTTS and JKCEMENT will be moved out from F&O segment with effect from March 28, 2025
- January 23, 2025 08:44
Share market live today: Securities in F&O ban for trading on January 23, 2025
* ABFRL
* BANDHANBNK
* CANFINHOME
* DIXON
* INDIAMART
* LTF
* MANAPPURAM
* MGL
* PNB
* RBLBANK
- January 23, 2025 08:43
Stock in focus: Defence Ministry finds L&T proposal non-compliant in Rs 70,000 crore submarine deal
L&T: Defence Ministry finds L&T proposal non-compliant in Rs 70,000 crore submarine deal (Sentiment negative for the Larsen, however further clarification needed from company)
- January 23, 2025 08:18
Researchbytes Events Update as of 07:36 am Thursday 23 January 2025
8:15 AM Coforge
10:00 AM Jagsonpal Pharma
Dial: +91 22 6280 1557
10:30 AM Heritage Foods
Dial: +91 22 6280 1456
11:00 AM HUDCO
Dial: +91 22 6280 1146
11:00 AM BPCL
Dial: +91 22 6280 1342
( Hosted by Antique Stock B )
12:00 PM Gravita India
Dial: +91 22 6280 1342
12:00 PM Polycab India
Dial: +91 22 6280 1443
1:30 PM Laxmi Organics
Dial: +91 22 6280 1309
4:00 PM Elecon Eng
Dial: +91 22 6280 1146
4:00 PM UltraTechCement
Dial: +91 22 6280 1286
4:00 PM SG Mart
Dial: +91 22 6280 1325
4:00 PM Alivus Life Sci
Dial: +91 22 6280 1564
4:00 PM Pidilite Ind
(Press Release )
Dial: +91226280 1360
4:30 PM Sona BLW Precision Forgings
(Press Release )
4:30 PM Senores Pharmac
Dial: +91 22 6280 1148
5:00 PM MPS
5:00 PM Rossari
Dial: + 91 22 6280 1141
5:00 PM Ujjivan Small
Dial: +91 22 6280 1259
5:00 PM Thyrocare Techn
Dial: +91 22 6280 1408
5:00 PM Cyient
(Press Release )
Dial: +91 22 7115 8814
5:30 PM Zee Entertain
Dial: +91 22 6280 1109
6:00 PM Syngene International
Dial: +91 22 6280 1279
6:00 PM Spandana Sphoor
Dial: +91 22 6280 1309
( Hosted by SGAPL )
6:00 PM Nippon
Dial: +91 22 6280 1527
7:00 PM Tejas Networks
7:30 PM Dr Reddys Labs
Dial: +91 22 6280 1219
Aditya Birla Real Estate : (replay)
Replays available at www.researchbytes.com
- January 23, 2025 08:11
Share market live today: Stocks in News
Go Digit: Net profit at Rs 119 cr vs Rs 42.9 cr, Revenue at Rs. 2084 cr vs Rs 1980 cr (YoY). (Positive)
E2E Network: Net profit at Rs 11.6 cr vs Rs 5.6 cr, Revenue at Rs. 41.6 cr vs Rs 24.0 cr(YoY). (Positive)
20 Microns: Net profit at Rs 12.9 cr vs Rs 11.5 cr, Revenue at Rs. 215 cr vs Rs 175 cr (YoY) (Positive)
Jagsonpal Pharma: Net profit at Rs 32 cr vs Rs 3.96 cr, Revenue at Rs. 74.0 cr vs Rs 47.2 cr (YoY) (Positive)
Gravita India: Net profit at Rs 78 cr vs Rs 60.3 cr, Revenue at Rs. 996.4 cr vs Rs 757.8 cr (YoY). (Positive)
All Digitech: Net profit at Rs 20 cr vs Rs 11 cr, Revenue at Rs. 139 cr vs Rs 119 cr (YoY). (Positive)
Cigniti: Net profit at Rs 63.5 cr vs Rs 48 cr, Revenue at Rs. 525 cr vs Rs 475 cr (YoY). (Positive)
Laxmi Organics: Net profit at Rs 29.3 cr vs Rs 27.2 cr, Revenue at Rs. 786 cr vs Rs 694 cr (YoY). (Positive)
Ujjas Energy: Net profit before exceptional item at Rs 6.9 cr vs loss Rs 3.5 cr, Revenue at Rs. 8.2 cr vs Rs 5.8 cr (YoY). (Positive)
Allcargo Terminals: CFS volumes in Dec 2024 was 51.7, a healthy 8% growth over previous month. (Positive)
Paras Defence: Company has signed a MoU with the Government of Maharashtra, India, for the proposed Optics Park Project in Navi Mumbai, Maharashtra (Positive)
Zydus Life: Company announces USFDA Orphan Drug Designation to Usnoflast for the treatment of Amyotrophic Lateral Sclerosis. (Positive)
HUL: Company approves the demerger plan for its ice cream operations. (Positive)
RPP Infra Projects: Company has been received letter of acceptance for a new projects- Erection Testing and commissioning of Air Cooled Condenser. (Positive)
Waaree Energies: Subsidiary has commenced its commercial production of 1.6 GW Solar module line. (Positive)
Bharti Airtel: Company gets Moody’s Ratings Outlook to Positive; Affirms Baa3 Ratings. (Positive)
Praj Industries: Company approves formation of Joint Venture Company with BPCL for setting up of Compressed Bio Gas Plants across India. (Positive)
Tera Software: Award of existing work order value revised from Rs.5049 Cr to 5104 Cr. (Positive)
HUDCO: Company signed a Memorandum of Understanding with Vadhvan Port Project Limited to explore funding up to Rs. 25000 Crore for VPPL’s port development and PPP projects. (Positive)
Reliance: Jio Gains 12.12 Lk Users Vs Loss of 37.60 Lakh Users in October (Positive)
Bharti Airtel: Loses 11.36 Lk Users Vs Additions of 19.28 Lakh Users in October (Positive)
Vodafone Idea: Loses 15.02 Lk Users Vs Additions of 19.77 Lakh Users in October (Positive)
Persistent Systems: Net profit at Rs 373 cr vs Rs 325 cr, Revenue at Rs. 3060 cr vs Rs 2900 cr (QoQ). (Neutral)
HUL: Net profit at Rs 3001 cr vs poll of Rs 2634 cr, Revenue at Rs. 15,408 cr vs poll of Rs 15,735 cr. (Neutral)
BPCL: Net profit at Rs 4649 cr vs poll of Rs 4977 cr, Revenue at Rs. 1.13 lakh cr vs poll of Rs 1.12 lakh cr. (Neutral)
Pidilite: Net profit at Rs 557 cr vs poll of Rs 572 cr, Revenue at Rs. 3368 cr vs poll of Rs 3318.0 cr. (Neutral)
Accelya Solutions: Net profit at Rs 32.4 cr vs Rs 30.9 cr, Revenue at Rs. 133 cr vs Rs 125 cr (YoY) (Neutral)
Zensar Tech: Net profit at Rs 160 cr vs Rs 156 cr, Revenue at Rs. 1326 cr vs Rs 1308 cr (QoQ) (Neutral)
Archean Chemical: Company Invested USD 12 Million in Offgrid Energy Labs Inc, acquiring a 21% Stake. (Neutral)
Sanofi India: Company received a transfer pricing order from the Indian Income Tax Department for the fiscal year 2022-23. The order resulted in an income tax liability of Rs.26.50Crore. (Neutral)
Suraksha Diagnostic Ltd: Company incorporated subsidiary, Suraksha advanced radiology Private Limited, on January 18, 2025. (Neutral)
Abhishek Corporation: Company announced the sale of its spinning machinery for Rs.7.35 crores and its fabric business for Rs.24.75 crores, both subject to shareholder approval. (Neutral)
Laurus Labs: Company gets US FDA Issues Form 483 With 1 Observations For Company’s arm In New Jersey, USA (Neutral)
Crop Life Science: Company’s CFO, Mrs. Sunita Sebastian Gonsalves, resigned on January 22, 2025, effective February 8, 2025, due to personal reasons. (Neutral)
Trident Lifeline: Company has announced a postponement in its acquisition of Trident Mediquip Limited. (Neutral)
Mazdock: No Such Contract Is Signed Between Company and JNPA. Company Says However, Discussion with JNPA Is In Preliminary Stage With Regard to the Solar Cell Powered Boat Built By MDL. (Neutral)
Shiva Cement: Company announces a postal ballot for transaction involves JSW Cement Limited providing a corporate guarantee to DBS Bank for a loan up to Rs 250 crore for Shiva Cement. (Neutral)
BPCL: Board approves submission of development plan to the Indonesian regulator for development of Nunukan block for oil & gas reserves. (Neutral)
Sammaan Capital: Company opens QIP, sets floor price at ₹151.09/sh (Neutral)
- January 23, 2025 08:11
Debt market updates: Vishal Goenka of IndiaBonds.com on inclusion of Indian Government Bonds in Bloomberg EM Bond Index on January 31
“India government bonds’ inclusion in the Bloomberg EM Index later this month will get further foreign inflows from global funds. This additional investor base would come at a time when expectations of interest rate cuts in the US have been pared back considerably. Hence, we do not expect any rate cuts in India as well in the near future.
Since the JP Morgan index inclusion, from June 28, 2024, to January 21, 2025, investments in FAR bonds have already reached approximately US$ 7.55 billion, underscoring the robust appetite for Indian fixed-income assets(Source: CCIL). The increasing global focus for Indian bonds is beneficial in the long term as typically investors start with government bonds and then move gradually down the credit curve into corporate bonds. The anticipate significant inflows in future helps in overall growth of the bond market and importantly adding to the secondary market liquidity for the asset class.”
- January 23, 2025 08:04
Share market updates: IIHL targets February 10 to close ₹9,650-crore Reliance Capital acquisition
IndusInd International Holdings expects to complete the acquisition of Reliance Capital by February 10, as the company applies to stock exchanges for the shares’ delisting.
Ashok Hinduja, Chairman of IIHL, said that Reliance Capital’s delisting is one of the last milestones in closing the acquisition process.
- January 23, 2025 07:45
IPO Updates: Denta Water IPO enters day 2 with 17x subscription
The ₹220.50-crore initial public offering of Denta Water and Infra Solutions enters day 2 on a strong note with a subscription of over 17 times. The IPO will close on Friday.
The price band for the offer has been determined at ₹279-294 a share. The IPO is entirely a fresh issue of up to 75 lakh shares with no offer-for-sale components. Investors can bid for a minimum of 50 equity shares and multiples of 50 equity shares thereafter.
- January 23, 2025 07:37
IPO Updates: Stallion India Fluorochemicals IPO: Listing today
Shares of Stallion India Fluorochemicals will be listed on the bourses on Thursday. The company has fixed the IPO price at Rs 90, at the upper end of the price band ₹85-90. The initial public offering of the Mumbai-based company saw an overwhelming response by subscribing 188 times, as all categories of investors poured in money. The offer received bids for 292.22 crore shares as against 1.55 crore shares on offer.
- January 23, 2025 07:31
Opening Bid: Sensex, Nifty set for tepid opening amid FPI selling and global uncertainty
Indian benchmark indices, Sensex and Nifty, are expected to open on a flattish-to-weak note on Thursday. It appears there is no respite from FPI selling in the near term, and with muted global cues, markets are expected to witness pressure, analysts said. While the Q3 financial performance is largely underwhelming so far, they added that the focus has shifted to upcoming Budget proposals. Most believe that the trigger now has to come from the budget for the market to regain strength. Otherwise, the market may continue to pursue the downward path, they further said.
- January 23, 2025 07:10
Q3 Results Tomorrow: Q3FY25 EARNING CALENDAR 24.01.2025
ADORWELD, ALKYLAMINE, ARKADE, ASALCBR, ATUL, AUBANK, BANKINDIA, BIRLAMONEY, CENTRUM, CREDITACC, DAMCAPITAL, DCBBANK, DLF, EMSLIMITED, FEDFINA, GARGI, GODREJCP, GRANULES, GREENPOWER, GRPLTD, HINDPETRO, INDIGO, INTELLECT, JINDALSAW, JSWSTEEL, LAURUSLABS, LMW, NIITLTD, ORIENTCEM, POCL, RPGLIFE, SAGCEM, SASKEN, SHAKTIPUMP, SHARDACROP, SHREDIGCEM, SHRIRAMFIN, SOLARA, STEELXIND, SUPRIYA, SUVEN, TANFACIND, TORNTPHARM, TOTEM, TRIDENT, TTKHLTCARE, UGROCAP, VIMTALABS, VISHNU
AUBANK YoY
* NII expected at Rs 2026 crore versus Rs 1324 crore
* EBIT expected to be seen at Rs 1106 crore versus Rs 657 crore
* EBIT margin expected to be seen at 41.86% versus 49.60%
* Net profit expected to be seen at Rs 520 crore versus Rs 375 crore
DLF YoY
* Revenue expected at Rs 1707 crore versus Rs 1521 crore
* EBITDA expected to be seen at Rs 668 crore versus Rs 504 crore
* EBITDA margin expected to be seen at 39.13% versus 33.19%
* Net profit expected to be seen at Rs 1128 crore versus Rs 656 crore
GODREJCP YoY
* Revenue expected at Rs 3719 crore versus Rs 3659 crore
* EBITDA expected to be seen at Rs 772 crore versus Rs 840 crore
* EBITDA margin expected to be seen at 20.76% versus 22.97%
* Net profit expected to be seen at Rs 526 crore versus Rs 588 crore
HINDPETRO QoQ
* Revenue expected at Rs 104070 crore versus Rs 99977 crore
* EBITDA expected to be seen at Rs 5765 crore versus Rs 2707 crore
* EBITDA margin expected to be seen at 5.54% versus 2.71%
* Net profit expected to be seen at Rs 2675 crore versus Rs 142 crore
- January 23, 2025 07:10
Q3 Results Today: Q3FY25 EARNING CALENDAR 23.01.2025
ACGL, ADANIENSOL, ADANIGREEN, ALIVUS, AMBER, CGCL, CYIENT, DRREDDY, EFCIL, GREAVESCOT, IEX, INDUSTOWER, IONEXCHANG, JAYNECOIND, KFINTECH, MANKIND, MPHASIS, MPSLTD,NAM-INDIA, RAJRATAN, SENORES, SGMART, SONACOMS, SPANDANA, SURYODAY, SYNGENE, TEJASNET, THYROCARE, TTML, UJJIVANSFB, ULTRACEMCO, UNITDSPR, V2RETAIL, ZEEL
DRREDDY YoY
* Revenue expected at Rs 8083 crore versus Rs 7236 crore
* EBITDA expected to be seen at Rs 2250 crore versus Rs 2023 crore
* EBITDA margin expected to be seen at 27.84% versus 27.96%
* Net profit expected to be seen at Rs 1457 crore versus Rs 1380 crore
INDUSTOWER YoY
* Revenue expected at Rs 7589 crore versus Rs 7199 crore
* EBITDA expected to be seen at Rs 4363 crore versus Rs 3720 crore
* EBITDA margin expected to be seen at 57.49% versus 51.68%
* Net profit expected to be seen at Rs 1861 crore versus Rs 1540 crore
MANKIND YoY
* Revenue expected at Rs 3237 crore versus Rs 2607 crore
* EBITDA expected to be seen at Rs 827 crore versus Rs 611 crore
* EBITDA margin expected to be seen at 25.55% versus 23.44%
* Net profit expected to be seen at Rs 446 crore versus Rs 453 crore
MPHASIS QoQ
* Revenue expected at Rs 3568 crore versus Rs 3536 crore
* EBIT expected to be seen at Rs 542 crore versus Rs 544 crore
* EBIT margin expected to be seen at 15.20% versus 15.38%
* Net profit expected to be seen at Rs 425 crore versus Rs 423 crore
NAM-INDIA YoY
* Revenue expected at Rs 583 crore versus Rs 423 crore
* Net profit expected to be seen at Rs 360 crore versus Rs 284 crore
SONACOMS YoY
* Revenue expected at Rs 867 crore versus Rs 776 crore
* EBITDA expected to be seen at Rs 236 crore versus Rs 232 crore
* EBITDA margin expected to be seen at 27.22% versus 29.94%
* Net profit expected to be seen at Rs 149 crore versus Rs 132 crore
ULTRACEMCO YoY
* Revenue expected at Rs 16727 crore versus Rs 16740 crore
* EBITDA expected to be seen at Rs 2723 crore versus Rs 3254 crore
* EBITDA margin expected to be seen at 16.28% versus 19.44%
* Net profit expected to be seen at Rs 1268 crore versus Rs 1777 crore
UNITDSPR YoY
* Revenue expected at Rs 3341 crore versus Rs 3002 crore
* EBITDA expected to be seen at Rs 563 crore versus Rs 486 crore
* EBITDA margin expected to be seen at 16.85% versus 16.21%
* Net profit expected to be seen at Rs 389 crore versus Rs 350 crore
- January 23, 2025 07:09
Share market live today: Economic Calendar – 23.01.2025
19:00 U.S. Unemployment Claims (Expected: 221k versus Previous: 217k)
21:30 U.S. President Trump Speaks
- January 23, 2025 07:08
Share market live today: Major U.S. listed stocks result calendar 23.01.2025
GE Aerospace (Pre market) (Sector- Defense)
Union Pacific Corporation (Pre market) (Sector- Logistics)
Elevance Health, Inc. (Pre market) (Sector- Healthcare)
Freeport-McMoran, Inc. (Pre market) (Sector- Metal)
Northern Trust Corporation (Pre market) (Sector- Financial)
McCormick & Company, Incorporated (Pre market) (Sector- FMCG)
American Airlines Group, Inc. (Pre market) (Sector- Aviation)
MakeMyTrip Limited (Pre market) (Sector- Hotels)
Intuitive Surgical, Inc. (Post market) (Sector- Healthcare)
Texas Instruments Incorporated (Post market) (Sector- Technology)
CSX Corporation (Post market) (Sector- Logistics)
East West Bancorp, Inc. (Post market) (Sector- Financial)
- January 23, 2025 07:08
Share market live today: HDFC BANK Q3 CONCALL
Underlying Consumption Growth Remains Healthy
Expect Inflation To Come Down Below 5% By March
Need To Watch Out For External Challenges, Private Capex
Progressing towards normalising loan-to-deposit ratio further
Margins Have Been Fairly Stable As Compared To Peers
Our Cost To Assets At 1.93% Is One Of The Best In Industry
Seeing upward bias for margins going forward
Customer preference shifting from time deposits to CASA deposits
- January 23, 2025 07:08
Share market live today: Fund Flow Activity: 22 January 2025
(Rs. In Crs.)
Turnover: (NSE + BSE)
F&O Volume: 20928028.66 + 1035592.26 Total: 21963620.92
Provisional Cash
FII/FPI: NET SELL: -4026.25
(12936.64 - 16962.89)
DII: NET BUY: +3640.22
(15437.18 - 11796.96)
- January 23, 2025 07:07
Share market updates: Tata Communications: Q3 FY25 Earnings Concall scheduled today at 04:30 p.m.
Here is the link to the Result and Press Release document
Here is the link to the Datasheet in this regard
- January 23, 2025 07:05
Persistent Systems: Q3 consolidated net profit at ₹373 cr
PERSISTENT SYSTEMS: Q3 CONS NET PROFIT 3.73B RUPEES VS 3.25B (QOQ); EST 3.5B. Q3 EBIT MARGIN 14.88% VS 14.02% (QOQ); EST 14.6% (NUMBERS SEEN INLINE WITH ESTIMATES)
- January 23, 2025 07:04
Share market live today: HDFC Bank 3QFY25 Earnings details
- January 23, 2025 06:55
Stock market live updates: EVs, hybrids impacting auto fuel sales in FY25
The rising popularity of electric vehicles (EVs) and hybrid vehicles is impacting India’s consumption of petrol and diesel, which accounts for more than 60 per cent of the refined products usage in the world’s third-largest crude oil consumer.
- January 23, 2025 06:53
Share market live today: IOB mops up ₹17,000 cr fresh CASA business, targets ₹5,500 cr NPA Recovery for FY25
Indian Overseas Bank (IOB), a public sector lender, has successfully mobilised a substantial ₹17,000 crore in fresh CASA (current account and savings account) business over the past 21 months through the onboarding of over 50 lakh new customers. This achievement follows a strategic overhaul of its deposit portfolio, a move that has paid off handsomely.
- January 23, 2025 06:51
Share market live today: India’s December y-o-y air passenger traffic up by over 8%
India’s domestic air passenger traffic grew by over eight per cent in December 2024 on a year-on-year basis, official data showed on Wednesday.
- January 23, 2025 06:49
WATCH: Today’s Stock Recommendation: January 23, 2025
Here’s an interesting stock idea: The stock idea that we have for you today is Muthoot Finance. The stock is getting very good support from its 21-Day Moving Average which is currently near ₹2,150. The outlook is bullish.Check out the latest episode of bl.Today’s Pick to learn more.
- January 23, 2025 06:46
Technicals: Trading Guide for January 23, 2025: Intraday supports, resistances for Nifty50 stocks
Here are the intraday supports and resistances for widely traded stocks such as Reliance Industries, ITC, ONGC, Infosys, HDFC Bank, TCS, and SBI
- January 23, 2025 06:42
Share market live today: SEBI gives shape to ₹250 small ticket SIPs, invites comments
Capital market regulator SEBI has proposed to cap the concession provided by intermediaries for processing small ticket (₹250) systematic investment plans to a maximum of three schemes and restricted it only through the National Automated Clearing House and Unified Payment Interface.
- January 23, 2025 06:41
Stock recommendations: Cyient DLM (Buy)
Cyient DLM’s Q3-FY25 consolidated revenue/EBITDA grew by about 38/23 per cent y-o-y. However, EBITDA missed our estimates as margins declined 90 bps y-o-y due to a high mix of low-margin business (BEL order execution). Standalone revenue (excl. Altek – recently acquired) grew only around 11 in Q3-FY25.
- January 23, 2025 06:40
Stock recommendations: Oberoi Realty (Buy)
Oberoi Realty plans to expand into key markets such as Delhi NCR, which offers significant potential and absorption capacity for premium projects. A growing trend toward premiumisation in these regions is expected to boost the company’s collections. Oberoi is anticipated to establish a strong presence in these new markets, achieving over 40-50 per cent bookings within the year of launch.
- January 23, 2025 06:39
Share market live updates: Stocks that will see action today: January 23, 2025
Buzzing stocks: Hindustan Unilever, HUDCO, Waaree Energies, Piramal Pharma, Paras Defence, Bharti Airtel, Laurus Labs, Samman Capital, Shiva Cement, Effwa Infra
