Business / Business Today
Zomato share price today: Macquarie said it regards Zomato as an efficient quick commerce and food delivery platform. But as far as Zomato shares are concerned, it sees limited margin of safety.
Dixon Technologies shares closed 1.87% higher at Rs 17,554 on BSE on Monday. Market cap of the multibagger stock stood at Rs 1.05 lakh crore.
Axis Securities said it prefers aluminium stocks over steel. Aluminium spot prices are strong despite a rally in the dollar index. Vedanta, NALCO and Hindalco are its preferred names in that order.
The six firms filed their draft papers with SEBI between September and December, receiving observation letters from the regulator between January 14-17, confirming their approval to proceed with the IPOs.
IDBI Bank Q3 earnings: Total income of the bank rose to Rs 8,564.92 crore in the third quarter of the current fiscal from Rs 7,514.27 crore in the year-ago period.
During the quarter under review, profit slipped to Rs 59 crore from Rs 138 crore in the year-ago period. However, revenue from operations surged 64.39 per cent to Rs 5,405 crore in Q3 FY25 as against Rs 3,288 crore in the corresponding period last fiscal.
BSE Sensex retreated more than 7% during the quarter. Broader indices, the BSE Midcap and BSE Smallcap, declined more than 6% and 3%, respectively.
Axis Securities expects Budget 2025 to continue to emphasise on capital expenditure (Capex), which could act as a trigger to support corporate credit growth for banks.
IRFC Q3 results: Revenue from operations moved up 0.40 per cent to Rs 6,763.43 crore in Q3 FY25 from Rs 6,736.57 crore in the corresponding period last fiscal. Total expenses slipped 0.10 per cent to Rs 5,135.73 crore in December 2024 quarter compared to Rs 5,141.09 crore in Q3 FY24.
Waaree Renewable share price today: Waaree Renewable shares rose 7.05% to Rs 1118 on BSE. Market cap of the firm climbed to Rs 11,216 crore.
Voda Idea share price: The stock surged 14.91 per cent to hit a day high of Rs 10.48. At this price, it has gained 35.40 per cent in just five trading days.
Paytm share price today: Following the quarterly results, Paytm shares were trading 0.66 per cent higher at Rs 905.80. Bernstein suggested a target price of Rs 1,100 on the stock.
Union Budget 2025 expectations: The government is expected to focus on key infrastructure segments such as roads, railways, airports, and urban infrastructure, said Axis.
The BSE Sensex stood at 604.54 points or 0.79 per cent to 77,223.87. Nifty stood at 23,335.35, up 132.15 points or 0.57 per cent.
Rallis India stock declined 8.12% to Rs 266.20 on Monday against the previous close of Rs 289.75 on BSE. Earlier, the stock opened lower at Rs 271.05.
Paytm said it achieved 10 per cent sequential revenue growth, due to increase in GMV, healthy growth in subscription revenues and increase in revenues from distribution of financial services.
Paytm shares: Ahead of its quarterly results, shares of Paytm were trading 0.77 per cent lower at Rs 893.25. The stock is down 10 per cent in 2025 so far.
Netweb Technologies Q3 earnings: Revenue from operations climbed about 32 percent to Rs 334 crore in the previous quarter from Rs 253.4 crore in the December quarter of the last fiscal.
Q3 earnings effect: In the third quarter of this fiscal, the lender reported a 86% decline in net profit at Rs 33 crore against Rs 233 crore reported in the year ago period.
The IPO was overall subscribed a whopping 114.42 times, thanks to an all-round bidding which attracted bids worth Rs 44,000 crore.
Kotak Mahindra Bank shares climbed 9.22 per cent to hit a high of Rs 1,920.85 on BSE. At this price, the bank commanded m-cap of of Rs 3,81,928 crore. This was higher than Maruti Suzuki India's Rs 3,78,540 crore m-cap.
Vodafone Idea shares hit its 10 per cent upper circuit limit at Rs 10.03 apiece. IIFL Securities sees no risk to future tariff hikes since the relief measures only partly address the challenge of making VIL a competitive third player.
Kalyan Jewellers India shares: Without naming anyone, MOFSL said the baseless accusations are a deliberate attempt by individuals with vested interests to malign the good reputation that the firm and its leadership have built over decades.
Stocks in news today: Wipro, Zomato, Kotak Bank, Gland Pharma , IndusInd Bankand more
RBL Bank stock price today: RBL Bank stock will continue to see pressure in the near-to-medium term due to its 2 major verticals microfinance and credit cards seeing moderation in growth and asset quality stress.
Adani Energy Solutions stock zoomed 1.69% to Rs 805.65 on Friday against the previous close of Rs 792.25 on BSE. Market cap of the firm climbed to Rs 96,781 crore.
Wipro stock price today: Nuvama Institutional Equities said Wipros results were in line with its recent upgrade thesis, which was based on its favourable portfolio mix and strong margin performance.
Vodafone Idea, Bharti Airtel, Bharti Hexacom shares: In the event of a relief, IIFL Securities expects that the per share upside can be Rs 62, Rs7 and Rs 29 for Bharti Airtel, VIL and Bharti Hexacom, respectively.
The ex-dividend date marks when a stock begins trading without the value of its upcoming dividend. Shareholders listed by the record date qualify for the payout
Other significant listings and IPOs this week include Stallion India Fluorochemicals, Landmark Immigration Consultants, and CLN Energy, with price bands ranging from 70 to 250 per share.
Indian Hotels Q3 earnings: Net profit climbed to Rs 582.32 crore in the third quarter against the net profit of Rs 451.95 crore in the December 2023 quarter.
TechM Q3: Revenue in dollar terms came in at $1,567 million, down 1.3 per cent QoQ and 0.4 per cent YoY. In constant currency terms, revenue rose 1.2 per cent QoQ and 1.3 per cent YoY. Deal wins stood at $745 million.
Wipro Q3 results: During the quarter under review, profit came at Rs 3,353.8 crore as against Rs 2,694.2 crore in the year-ago period.
SBI Life Insurance reported a 71 per cent year-on-year (YoY) rise in net profit to Rs 550.82 crore in theDecember 2024 quarter of financial year 2025 (Q3FY25)
Vodafone Idea share price: The stock moved up 3.58 per cent to hit a high of Rs 9.25. At this price, it has gained 19.50 per cent in four days.
Tata Steel share price today: The stock gained 2% to Rs 131 in the afternoon session today.Market cap of the firm stood at at Rs 1.62 lakh crore.
The metals & mining giant recently announced revisions to its previously proposed demerger scheme. It has decided to retain its base metals business within Vedanta.
Yatharth Hospital share price: The stock slipped 4.18 per cent in Friday's trade to hit a day low of Rs 438. At this price, it has tumbled 36.78 per cent from its all-time high level of Rs 692.85, seen on November 4, 2024.
RIL target price: The brokerage has a bull case target of Rs 1,850 on RIL, a base case target of Rs 1,660 and a bear case target of Rs 1,150 on the oil-to-telecom major.
The IPO of Denta Water and Infra Solutions is entirely a fresh share sale of 75,00,000 equity shares, amounting to Rs 220.50 crore at the upper end of the price band.
Stallion India Fluorochemicals is selling its shares in the price band of Rs 85-90 apiece, which could be applied for a minimum of 165 equity shares and its multiples to raise a total of Rs 199.45 crore.
Multibagger stock: The ongoing correction is part of profit-booking from record high reached in September this year.
Zomato vs Swiggy: JM Financial prefers Zomato over Swiggy post the recent correction in both stocks. It suggested a 'Buy' on Swiggy with a target price of Rs 550. For Zomato, JM Financial suggested a 'Buy' with a target price of Rs 300.
Kalyan Jewellers share price: On Friday, the stock tanked 6.63 per cent to hit a day low of Rs 503.25. At this price, it has corrected 36.66 per cent from its record high of Rs 794.60.
A number of stocks like Wipro, Jio Financial Services, Tech Mahindra, ICICI Lombard GIC, SBI Life and Indian Hotels are set to announce their results for the December 2024 quarter later today.
Havells stock climbed 3.89% to Rs 1617.95 on BSE today. Market cap of the firm stood at Rs 98,530 crore.
Narayana Murthy (NRN) owned 0.40 per cent stake in Infosys, while his wife Sudha N Murty held 0.92 per cent stake in the IT major. His son Rohan Murty and daughter Akshata Murty owned 1.62 per cent and 1.04 per cent stakes, respectively.
Jupiter Wagons share price: The stock was last seen trading 1.16 per cent lower at Rs 489.10. At this price, it has delivered 26.22 per cent returns to investors in the past one year compared to a 7.16 per cent rise in benchmark BSE Sensex during the same period.
The Infosys stock plunged 5.71 per cent to hit a low of Rs 1816.10 on BSE. The stock is up 10 per cent in the past one year. Axis Bank shares fell 5.31 per cent to Rs 985.
The IPO of Capital Infra Invit was open for bidding between January 7 and January 9. The company offered its shares in the range of Rs 99-100 apiece with a lot size of 150 units.