Markets / Business Today
The continued buying by DIIs perhaps reflects large inflows into domestic equity mutual funds and their high conviction about decent returns from the market.
Zomato share price: The stock slipped 5.05 per cent to hit a day low of Rs 203.80. At this price, it has corrected 33.07 per cent from its record high level of Rs 304.50, seen December 5 last year.
ICICI Pru shares: Nuvama said the fall in VNB margin was a result of change in product mix in favour of low-margin linked business and group savings business.
IndiaMart continued to report elevated churn in the silver category despite last six quarters of efforts, said Nuvama Institutional Equities.
Sensex climbed 250 pts to 76,090 and Nifty rose 51 points to 23,076 in early deals.
The Tata Group stock ended 0.53% higher at Rs 816.75 on Tuesday against the previous close of Rs 812.45 on BSE.
L&T Finance Q3 profit fell 2 per cent YoY but beat the consensus estimate of due to lower credit cost. A larger portion of the MFI provisioning will now occur in Q4FY25 as opposed to the earlier guidance of equal drawdowns in Q3 and Q4.
RailTel shares closed 3.49% lower at Rs 401.35 on BSE in the previous session. Market cap of the firm stood at Rs 12,880 crore.
PNB Housing Finance is being selective in the corporate portfolio and expects growth to return in Q4. However, over the long term, it expects the share of corporate loans to remain restricted at less than 10 per cent.
HDFC Bank Q3 preview: Axis Securities expects HDFC Bank to report a 2.2 per cent year-on-year (YoY) rise in net profit at Rs 16,737 crore for the December quarter compared with Rs 16,373 crore in the same quarter last year.
JFSL share price: The counter traded lower than the 5-day, 10-, 20-, 30-, 50-, 100-, 150-day and 200-day simple moving averages (SMAs). The counter's 14-day relative strength index (RSI) came at 26.25. A level below 30 is defined as oversold while a value above 70 is considered overbought.
Sensex closed 1,235 points lower at 75,838 and Nifty slipped 320 pts to 23,024. With today's crash, Sensex is down 2.94% and Nifty has lost 2.62% this year.
The multibagger defence stock gained 4.04% to a record high of Rs 157 against the previous close of Rs 150.90 on BSE.
Adani Energy said it is the company's largest order win, taking its under-execution order book to Rs 54,761 crore and transmission network to 25,778 ckm and 84,186 MVA transformation capacity.
South Indian Bank stock slipped 5.55% to Rs 25.51 on Tuesday against the previous close of Rs 27.01 on BSE.
The JV between Jio Financial Services and BlackRock, was formed in July 2022.
The Rs 199.45 crore initial share sale, which was open for subscription between January 16 and January 20, witnessed a stellar response from investors. It saw an overall subscription of 188.38 times. The price band for the IPO was set at Rs 85-90 per share.
Swiggy share price: The stock dived 10.81 per cent to hit a low of Rs 427.20. At this price, it has corrected 30.76 per cent from its record-high level of Rs 617, seen on December 23 last year.
The multibagger power stock was trading at Rs 369.70, down over 1% on BSE in the current session. It opened higher at Rs 377.35 in the current session against the previous close of Rs373.50.
Sensex, Nifty crash today: Investor wealth declined by Rs 5.48 lakh crore to Rs 426.11 lakh crore today compared with a valuation of Rs 431.59 lakh crore recorded in the previous session.
The BSE Sensex stood at 76,347.03, down 726.41 points or 0.94 per cent. The NSE Nifty fell 179.90 points or 0.77 per cent to 23,164.85.
The brokerage assigned 'Add' calls for Paytm and Supreme Industries and maintained a 'Neutral' stance on Mangalore Refinery & Petrochemicals Ltd (MRPL).
Paytm shares fell 7.17 per cent to hit a low of Rs 833.40 on Tuesday.It reiterated its 'Buy' rating on the stock with a March 2026 target price of Rs 1,250, valuing Paytm at 70 times FY27 EPS.
Dixon Tech plans to set up its own display fabrication unit in a JV with HKC at a total cost of $3 billion. The ability to execute an asset-heavy venture with a long gestation period and different RoCE profile holds the key for Dixon Tech.
Kalyan Jewellers share price: The stock slipped 5.67 per cent to hit a day low of Rs 501. At this price, it has declined 36.94 per cent from its recent record high level of Rs 794.60.
Shares of Zomato fell 9 per cent to Rs 219 on BSE. IIFL Securities downgraded the stock to 'ADD' with a target price of Rs 250 from Rs 300 earlier, as it expects competition to peak out in 2025.
Dixon Technologies shares fell 8.50% to Rs 16,060 on BSE. Market cap of the firm slipped to Rs 97,438 crore.
Sensex, Nifty Today: Trump trade has peaked, said V K Vijayakumar of Geojit Financial Services adding that the decline in US bond yields and the dollar index are indications of this.
Vedanta stock gained 1.35% to Rs 460.40 on Monday against the previous close of Rs 454.25 on BSE.
Stocks in news: Tata Technologies, MCX, Waaree Renewable, Vedanta, Dixon Technologies, Bank of Baroda and more
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.