Indian Stock Market – Exploring Lucrative Investment Prospects on January 10, 2025
Stock Market And Business Top Stories on 10th January 2025
Tata Consultancy Services Ltd
Technology | Large Cap
Rs.4190.40/-
ITI Ltd
Communication Services | Mid Cap
Rs.455.35/-
Tata Elxsi Ltd
Technology | Mid Cap
Rs.5941.00/-
HDFC Bank Ltd
Financial Services | Large Cap
Rs.1663.55/-
Zomato Ltd
Technology | Large Cap
Rs.238.50/-
Infosys Ltd
Technology | Large Cap
Rs.1939.50/-
Indian Renewable Energy Development Agency Ltd
Finance | Mid Cap
Rs.210.81/-
Firstsource Solutions Ltd
Technology | Small Cap
Rs.380.95/-
SRF Ltd
Consumer Cyclical | Mid Cap
Rs.2583.80/-
Tata Motors Ltd
Consumer Cyclical | Large Cap
Rs.768.10/-
One 97 Communications Ltd
E-Commerce/App based Aggregator | Mid Cap
Rs.2857.90/-
Kalyan Jewellers India Ltd
Consumer Cyclical | Mid Cap
Rs.2641.15/-
Reliance Industries Ltd
Energy | Large Cap
Rs.1240.20/-
State Bank of India
Financial Services | Large Cap
Rs.746.85/-
LTI Mindtree Ltd
Technology | Large Cap
Rs.5972.00/-
Aegis Logistics Ltd
Financial Services | Small Cap
Rs.2864.10/-
Trending Top Stories in The Indian Stock Market on January 10, 2025
Board of Apollo Micro Systems Approves Issue of Up to 3.34 Cr. Equity Shares, 3.81 Cr. Convertible Warrants on a Preferential Basis.
National Restaurant Association of India SWIGGY taking legal action against Swiggy for alleged monopolistic practices in the food delivery market.
Senco Gold has raised Rs 459 crore from the qualified institutional placement and plans to open 18-20 new jewellery showrooms in Q4 FY25.
GTPL Hathway’s consolidated net profit declined 57.1% to Rs 10.17 crore despite a 4.3% increase in net sales to Rs 887.27 crore in Q3 FY25.
Jefferies downgraded Gland Pharma Ltd to Underweight from Hold and has cut the target price to ₹1,630 from ₹1,840.
Jefferies continues to rate Piramal Pharma Ltd a BUY with a revised target price of 310 from *260.
Jefferies upgraded Syngene International Ltd to Hold from Underweight, increasing target price to 890 from ₹740.
Citi Research says partial restoration of gas allocation removes margin risks for IGL and expects improvement in Q4FY25.
CLSA has maintained its Outperform rating on B Bajaj Finance with a target price of ₹9,200, expecting 25% AUM CAGR and 27% PAT CAGR over FY25-27.
CLSA retains Hold rating on Eicher Motors, cuts target price to ₹4,883 from ₹4,909, implying a 5% downside.
GNA Axles Ltd to announce Q3 FY25 financial results today, January 10.
IIFL Securities puts a Buy rating on Marico with target prices of Rs 692 and Rs 710. Nomura has maintained a Buy rating with a target price of Rs 760.
Jefferies downgraded Gland Pharma Ltd to Underweight from Hold and cut the target price to ₹1,630 from 1,840.
IIFL Securities has a Buy rating with target prices of Rs 692 and Rs 710. Nomura also maintains a Buy rating with a target price of Rs 760.
JP Morgan retains Overweight rating on JSW Steel with a revised target price of ₹1,010 from ₹1,065.
Hathway, Bhawani, Cabletel, Datacom to announce Q3 FY25 financial results today, January 10.
CLSA has reduced the target price for Eicher Motors to ₹4,883 from ₹4,909 while retaining a Hold rating, implying 5% downside.
Goldman Sachs downgrades IndusInd Bank to Neutral, cuts target price by 17% to 1,090, citing weaker growth prospects.
CLSA upgrades TCS to ‘Outperform’ with a target price of Rs 4,546, citing strong growth prospects and better demand.
Macquarie initiates OUTPERFORM rating on IRCTC with a target price of Rs 900, citing monopoly in e-ticketing and catering services.
Bombay Burmah Trading Corporation sells 13.91 acres of land in Kanyakumari, Tamil Nadu for Rs 13.05 crore.
PCBL will announce its Q3 results today. Analysts estimate the net profit at Rs 109 crore and revenue at Rs 2,131 crore.
Tata Consultancy Services: The company has announced a TCS total dividend of ₹96 per equity share for FY25 and reported a 12% YoY increase in Q3 net profit to ₹12,380 crore.
SRF explained that price increases reported by a US refrigerant gas distributor refer to the US market, which would impact demand and supply dynamics locally.
CESC Ltd to announce Q3 results today; interim dividend may be considered by the board.
NTPC Renewable Energy has commissioned another 60 MW of the Bhainsara Solar Project and 50 MW of the Shajapur Solar Project.
Equitas Small Finance Bank has raised interest rates on savings accounts, with effect from January 10 and introduced new slabs for higher balances.
SRF stock hit a 52-week high of Rs 2,697.70 as ICICI Securities and HDFC Securities gave it Buy ratings with target prices of Rs 2,850 and Rs 2,800 respectively.
Surya Roshni Ltd has bagged an order from BPCL for a city gas distribution project on a pan-India basis for Rs 81.47 crore.
NRAI will reach out to CCI on the issue of Zomato’s new 10-minute food delivery app and alleged misuse of restaurant customer data.
CESC is expected to report a 28% YoY net profit growth at Rs 359 crore and a 34% YoY revenue rise to Rs 4,334 crore, according to Nuvama estimates.
Just Dial was expected to report 9% YoY Jd revenue growth to Rs 288 crore and 78% PAT growth to Rs 163 crore for Q3 FY25, as per Nuvama Equities.
CESC is likely to report a net profit of Rs 312 crore and revenues of Rs 4,169 crore for the third quarter.
Tata Elxsi reported a 3% decline in net profit to Rs 199 crore for Q4 FY2024 versus Rs 206 crore year-over-year.
L&T Chairman’s remarks on 90-hour work weeks and working Sundays have created a controversy and debate on the welfare of employees and productivity.
Disclaimer:The views and recommendations made above in news headlines are those of individual analysts or broking companies, and not of News Lounge 24×7. We advise investors to check with certified experts before taking any investment decisions.
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