Stock Market News: January 22nd Top Stocks Expected to Surge

Indian Stock Market – Exploring Lucrative Investment Prospects on January 22, 2025

Zomato Ltd

• Technology | Large Cap
• Rs.210.70/-

Kalyan Jewellers India Ltd

• Consumer Cyclical | Mid Cap
• Rs.479.95/-

Dixon Technologies (India) Ltd

• Consumer Cyclical | Mid Cap
• Rs.15010.10/-

Waaree Energies Ltd

• Capital Goods – Electrical Equipment | Mid Cap
• Rs.2522.05/-

ICICI Prudential Life Insurance Company Ltd

• Financial Services | Mid Cap
• Rs.2580.00/-

Indiamart Intermesh Ltd

• Technology | Small Cap
• Rs.2147.80/-

HDFC Bank Ltd

• Financial Services | Large Cap
• Rs.1650.70/-

Reliance Industries Ltd

• Energy | Large Cap
• Rs.1279.85/-

BSE Ltd

• Financial Services | Mid Cap
• Rs.5777.90/-

Redington Ltd

• Financial Services | Small Cap
• Rs.228.14/-

PNB Housing Finance Ltd

• Financial Services | Small Cap
• Rs.888.80/-

Infosys Ltd

• Technology | Large Cap
• Rs.1827.80/-

Newgen Software Technologies Ltd

• Technology | Small Cap
• Rs.1185.25/-

Bharat Electronics Ltd

• Consumer Cyclical | Large Cap
• Rs.270.70/-

Kaynes Technology India Ltd

• Consumer Durables | Mid Cap
• Rs.5752.05/-

State Bank of India

• Financial Services | Large Cap
• Rs.755.40/-

Trending Top Stories in The Indian Stock Market on January 22, 2025

1. Axis Bank’s deposit growth is constrained by macroeconomic factors, impacting credit growth and requiring monetary and fiscal stimulus for improvement.

2. Dr Reddy’s Laboratories is expected to report flat net profit in Q3 due to a lower contribution from Revlimid and subdued US sales. However, revenue is estimated to grow by 10%.

3. Tata Communications will announce its Q3 results today. The company reported a 2.98% YoY rise in net profit in the previous quarter.

4. Rossari Biotech reported a 7.6% YoY decline in net profit for Q3 FY25, leading to a stock price drop of over 3%.

5. Motilal Oswal has maintained a ‘Neutral’ rating on MCX with a target price of ₹6,100, citing missed Q3 earnings but highlighting healthy volume growth of 102% YoY.

6. BPCL is set to announce its Q3 FY2025 results today, with expectations of an interim dividend and a net profit rise to Rs 5,200 crore.

7. PNB Housing Finance reported a 39% YoY increase in net profit for the December quarter, driven by higher net interest income and lower provisions.

8. HDFC Bank will announce its Q3 results today, with analysts expecting a 1.7% YoY decline in net profit to ₹16,097 crore.

9. Citi has maintained a ‘Sell’ rating for Tata Technologies, reducing the target price to Rs 765 due to near-term growth concerns.

10. Nomura and Nuvama have both downgraded target prices for ICICI Prudential Life Insurance, citing margin pressures, while maintaining ‘Reduce’ and ‘Hold’ ratings respectively.

11. Persistent Systems has announced its third-quarter results for the financial year 2024-25.

12. Jefferies has maintained a ‘Buy’ rating on Dalmia Bharat with a target price of Rs 2,070, pointing out weak volume growth and increased net debt concerns.

13. JSW Steel has signed an MoU with the Maharashtra government for a Rs 3-lakh crore investment.

14. Nomura has downgraded IndiaMART InterMESH to ‘Neutral’ with a price target of ₹1,900, citing an unexpected decline in paying subscribers and weak collections outlook.

15. KEI Industries reported a 9.4% YoY growth in net profit to Rs 165 crore and a 20% revenue increase to Rs 2,467 crore for Q3 FY2024-25.

16. Brokerages estimate HUL’s adjusted profit after tax at Rs 2,577.97 crore, reflecting a 1.89% YoY increase.

17. Wendt GmbH plans to divest its 37.5% stake in Wendt India through secondary market transactions and has entered a Trademark Assignment Agreement for brand ownership.

18. Tata Technologies reported a 1% YoY decline in net profit to Rs 168.6 crore for Q3 FY25, while revenue rose by 2.2% to Rs 1,317.4 crore.

19. Saugata Gupta, MD & CEO of Marico, emphasizes the importance of rural development and infrastructure investment to address urban consumption moderation.

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This page lists the most active stocks traded on the Indian Stock Market, sorted by trading volume and price movements for the day. Investors and traders can utilize this list for quick identification of potential potentially lucrative investment opportunities and to keep abreast of the current trends in the market.