Indian Stock Market – Exploring Lucrative Investment Prospects on January 21, 2025
Stock Market And Business Top Stories on 21st January 2025
Zomato Ltd
Technology | Large Cap
Rs.216.55/-
Dixon Technologies (India) Ltd
Consumer Cyclical | Large Cap
Rs.15176.90/-
Kalyan Jewellers India Ltd
Consumer Cyclical | Mid Cap
Rs.2501.75/-
Coal India Ltd
Basic Materials | Large Cap
Rs.383.70/-
HDFC Bank Ltd
Financial Services | Large Cap
Rs.1638.00/-
BLS International Services Ltd
Technology | Small Cap
Rs.2480.70/-
One 97 Communications Ltd
E-Commerce/App based Aggregator Mid Cap
Rs.838.60/-
Bharti Airtel Ltd
Communication Services | Large Сар
Rs.1636.25/-
Trending Top Stories in The Indian Stock Market on January 21, 2025
Nuvama Research believes the Union Budget 2025 will not have a sharp tax hike on cigarettes. That is why it has maintained its Buy rating on ITC despite near-term FMCG concerns.
L&T Finance has appointed Zeenat Hamirani as its new chief risk officer, effective January 21, 2025.
Dixon Technologies plans a $3 billion display fabrication unit in a joint venture with HKC, which will see significant growth in the mobile and EMS sectors.
Zomato’s Q3 net profit tumbled sharply due to Blinkit adding 216 dark stores, though food delivery revenue was up nearly 22%.
REC Power Development handed over the country’s first private sector HVDC transmission project worth *22,700 crore to Adani Energy Solutions.
Axis Securities said that to take advantage of higher US module prices, Premier Energies and Waaree Energies are establishing plants in the US.
Shares of Zomato fell 9% as the Q3 numbers were announced; analysts reduced the target prices on the stock. IIFL downgraded its rating on Zomato to ADD from buy with a target of Rs 250.
Dixon Technologies reported a massive 122.8% jump in Q3 net profit at Rs 216 crore, but valuation concerns led to a sharp fall in the share price.
Macquarie maintains ‘Outperform’ rating on ACC with target price of ₹2,425 on a positive sector outlook and operational efficiency.
Kalyan Jewellers promoters have pledged company shares to raise funds through various financial institutions. They hold a 62% stake in the company.
Anand Rathi maintained the Hold call for Indian Hotels with its 12-month target at Rs 840 on the back of Q3 performance.
Macquarie cited recovery in demand and possibility of a better price, maintaining ‘Outperform’ call on UltraTech Cement at a target ₹11,868.
Macquarie downgrades Mankind Pharma to ‘Underperform’ with a target price of Rs 2,150 on account of growth concerns and recent acquisitions.
Pritika Auto Industries commences commercial production of components for a multinational tractor manufacturer, expected to generate Rs. 20 crore annually with long-term visibility of Rs 80-100 crore.
Indiamart Intermesh Ltd is likely to declare its third quarter earnings report today. Revenue expected at ₹353 crore.
PNB Housing Finance will declare its Q3FY25 results on January 21.
ICICI Prudential Life Insurance Company is one of the 32 companies that will declare Q3FY25 results on January 21.
South Indian Bank will declare its Q3 FY25 results on January 21, 2025.
Glenmark Pharmaceuticals launches Phytonadione Injectable Emulsion USP in the U.S. The company expands its institutional channel portfolio.
Dixon Technologies posted a 124% Dixon Y-o-Y jump in net profit to Rs 217 crore for Q3FY25 as its mobile business posted strong growth.
HDFC Bank is expected to post stable earnings with lower loan-to-deposit ratio and stable asset quality for Q3, said Motilal Oswal and IDBI Capital.
JSW Steel Limited presented JSW developments in lightweight and sustainable automotive steel at the International Steel Pavilion, Indian Steel Association.
Dixon Technologies said its Mobile division had grown 190% and contributed nearly 90% to total revenue; a joint venture with Vivo was also announced.
Jefferies maintains ‘Buy’ rating on Can Fin Homes with a target price of 915, while Morgan Stanley retains ‘Overweight’ but cuts target to ₹885.
Tata Technologies to report Q3 numbers today. Kotak Equities sees 0.2% YoY revenue growth and almost 8% YoY decline in net profit for it.
Bank of Baroda to sell depository Bbusiness to BOB Capital Markets for Rs 1.53 crore.
Motilal Oswal has put a buy call on Reliance Industries at the target price of Rs 1,600.
KEI Industries said it expects net profit of Rs 174 crore and revenue of Rs 2,424 crore for the October-December quarter.
Jefferies has maintained its Hold rating on Zomato while changing its target price to ₹255 after taking into account increased competition and mixed performance.
Ugro Capital’s board would meet on January U23, 2025, to consider raising funds through private placement of non-convertible debentures.
Wipro won $1 billion in large deals this quarter with total deal wins amounting to $3.51 billion, CFO Aparna lyer said.
Citi retains a Buy call on Paytm with a target price of Rs 900 as the Q3 adjusted EBITDA performance is strong.
L&T Finance Holdings reported a net profit of ₹640 crore in Q3, up 41% YoY, due to retail loan sales.
MS downgraded the target for Can Fin Homes to Rs 885 from Rs 1,030 on account of sustained loan growth pressures.
Morgan Stanley has downgraded MCX to underweight with a target price of 3,715 as it feels the revenue stagnation risks could be 38% on the downside.
Citi has resumed coverage on Hindalco with a BUY rating and assigned a target price of Rs 725.
Macquarie has maintained an Underperform rating on One 97 Communications Ltd (PAYTM) with a target price of Rs 370 as revenue improved, and losses have decreased.
Angel One shares are going to trade ex-dividend from January 21, 2025.
Dalmia Bharat is likely to report revenue of Rs 3,395 crore and net profit of Rs 131 crore for the quarter ended December 31.
ICICI Prudential Life Insurance Company is going to announce Q3FY25 results today.
IOC’s GRM for April-September declined to $4.08 per barrel from $13.12 in the same period last fiscal, a decline of 68.90%.
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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