Indian Stock Market – Exploring Lucrative Investment Prospects on January 17, 2025
Stock Market And Business Top Stories on 17th January 2025
Reliance Industries Ltd
Energy | Large Cap
Rs.1296.30/-
Infosys Ltd
Technology | Large Cap
Rs.1825.90/-
Axis Bank Ltd
Financial Services | Large Cap
Rs.985.55/-
Rail Vikas Nigam Ltd
Real Estate | Mid Cap
Rs.434.60/-
Kalyan Jewellers India Ltd
Consumer Cyclical | Mid Cap
Rs.522.70/-
Quadrant Future Tek Ltd
Cables | Small Cap
Rs.594.00/-
Havells India Ltd
Industrials | Large Cap
Rs.1569.00/-
Ircon International Ltd
Real Estate | Small Cap
Rs.223.12/-
Zomato Ltd
Technology | Large Cap
Rs.248.60/-
HDFC Bank Ltd
Financial Services | Large Cap
Rs.1639.90/-
Adani Power Ltd
Power Utilities | Large Cap
Rs.564.95/-
BSE Ltd
Financial Services | Mid Cap
Rs.5949.55/-
Trent Ltd
Consumer Defensive | Large Cap
Rs.6260.00/-
Hyundai Motor India Ltd
Automobile | Large Cap
Rs.1796.65/-
Jio Financial Services Ltd
Finance | Large Cap
Rs.279.25/-
Aeroflex Industries Ltd
Steel | Small Cap
Rs.233.73/-
HCL Technologies Ltd
Technology | Large Cap
Rs.1773.80/-
Bharat Dynamics Ltd
Industrials | Mid Cap
Rs.1261.05/-
Trending Top Stories in The Indian Stock Market on January 17, 2025
The Ministry of Finance awarded the Indian Railway Finance Corporation an Excellent rating for the performance of the memorandum of understanding for Fiscal 2024.
Nuvama reduced the one-year price target on Axis Bank to Rs 1,220 from Rs 1,335. The brokerage cut the price due to muted deposit growth and credit costs rising high.
Reliance Industries’ Q3 FY25 results have bettered estimates and brokerages like Antique Stock Broking and MOFSL upgrade ratings to Buy.
HSBC maintains ‘Buy’ on Dixon Technologies, raises target price to Rs 19,900 as strong client additions and growth in mobile and IT hardware businesses boost its optimism.
JP Morgan reiterates overweight recommendation on Zomato with a target price of Rs 340, indicating 40% upside potential.
Indus Towers gets Rs 1,900 Cr payment from Voda Idea for past dues, reducing overdues by over 70%, which boosts confidence in 4G/5G investments.
Axis Bank posted an increase in consolidated net profit at 3.8% to Rs 6,304 crore for Q4 2024 amid rising slippages and credit costs.
Bank of India got a $300 million loan arranged by CTBC Bank and Standard Chartered Bank, with an embedded $100 million green shoe option.
MobiKwik partnered with Piramal Capital & bikwik Housing Finance to provide personal loans to the company’s customers through the platform.
Zaggle has entered into customer Zaggle service agreements with HT Media and Neuroglia Health for employee expense management and reward platform services.
Bajaj Healthcare Ltd obtains exclusive rights for manufacturing, distribution, and sales of Magnesium L Threonate (Magtein) in India from Threotech LLC.
IRCTC appoints Sudhir Kumar as Chief Financial Officer, effective January 16, 2025.
Panache Digilife Ltd inked a Manufacture and Supply Agreement with an international customer to manufacture and sell laptops.
Dhiraj Jha resigned as Chief Risk Officer, and Vikas Wadhera took the position effective 17 January. Bank of India acquired a US$300 mn loan arranged by CTBC Bank and Standard Chartered Bank; the deal has a US$100 mn green shoe option.
Pharmova’s USFDA inspected facility received five observations; manufacturing operations are closed and would impact future production.
CLSA has maintained its outperform call on HDFC Life with a revised target price of Rs 690, citing healthy financial performance despite weak sentiment.
Tech Mahindra revenue expected to be up 0.7-2.6% year on year, and net profit in the range of Rs 976 crore to Rs 1,040 crore.
Reliance Industries posts 11.7% Q3 profit growth at Rs 21,930 crore, as retail and digital services deliver the goods.
Spencers Retail ventures into q-commerce with JIFFY, aiming for 20-30 minute delivery, starting in Kolkata and then expanding to West Bengal and UP.
TCS reports a 0.44% decline in tcs sequential Q3 revenue growth, totaling Rs 63,973 crore, impacted by seasonality.
Mastek appoints Umang Nahata as Whole-Time Director and CEO for a period of three years from January 16, 2025.
Piramal Enterprises identified as NBFC-UL but excluded from the list as it is under reorganisation and plans to merge with Piramal Capital & Housing Finance.
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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