Stock Market News: January 23rd Top Stocks Expected to Surge

Indian Stock Market – Exploring Lucrative Investment Prospects on January 23, 2025

Coforge Ltd

• Technology | Mid Cap
• Rs.9261.05/-

HDFC Bank Ltd

• Financial Services | Large Cap
• Rs.1655.05/-

Kalyan Jewellers India Ltd

• Consumer Cyclical | Mid Cap
• Rs.490.20/-

Persistent Systems Ltd

• Technology | Mid Cap
• Rs.6322.00/-

Zensar Technologies Ltd

• Technology | Small Cap
• Rs.852.95/-

Axis Bank Ltd

• Financial Services | Large Cap
• Rs.957.65/-

Zomato Ltd

• Technology | Large Cap
• Rs.220.30/-

Dixon Technologies (India) Ltd

• Rs.15332.40/-
• Consumer Cyclical | Mid Cap

Wipro Ltd

• Technology | Large Cap
• Rs.320.55/-

Amber Enterprises India Ltd

• Consumer Cyclical | Small Cap
• Rs.6933.55/-

Mazagon Dock Shipbuilders Ltd

• Industrials | Large Cap
• Rs.2348.45/-

Kaynes Technology India Ltd

• Consumer Durables | Mid Cap
• Rs.5683.25/-

Jio Financial Services Ltd

• Finance | Large Cap
• Rs.256.35/-

Waaree Energies Ltd

• Capital Goods – Electrical Equipment | Mid Cap
• Rs.2363.00/-

Hindustan Aeronautics Ltd

• Industrials | Large Cap
• Rs.3910.75/-

KEI Industries Ltd

• Technology | Mid Cap
• Rs.4522.85/-

Trending Top Stories in The Indian Stock Market on January 23, 2025

1. Indian Energy Exchange is scheduled to release its quarterly earnings for October-December today.

2. UltraTech Cement shares gained 2.20% ahead of the Q3 results, with brokerages expecting sequential earnings growth, even though there are year-on-year declines, Elara Capital said.

3. Dr Reddy’s Laboratories is likely to report revenue growth of 10-14% YoY for Q3 FY25, with net profit likely flat at 1,360-1,365 crore.

4. UltraTech Cement’s Q3FY25 revenues likely to increase 1.09% YoY to Rs 16,922.93 crore, while PAT is expected to decline 27.34% YoY, as per brokerage estimates.

5. Amber Enterprises likely to post a net profit of *23 crore for Q3, as compared to a loss last year.

6. ICICI Bank economists expect RBI to maintain elevated dividend levels around two trillion rupees, supported by increased foreign exchange income.

7. Mazagon Dock Shipbuilders emerges as front-runner for ₹70,000 crore submarine project after L&T’s tender rejected for non-compliance.

8. Dalmia Bharat to invest ₹1,000 crore in capex in Q4 to achieve a production capacity of 75 million tonnes by FY28.

9. Indian Oil Corporation plans to commission a green hydrogen plant with a capacity of 10,000 tons per annum in Panipat within two years.

10. Wipro shares surged 15% in four days, wipro hitting a three-year high, following strong Q3 results with EBIT margins reaching 17.5%.

11. Tata Motors’ Punch model surpasses 5 lakh production mark, becoming the best-selling car in India for 2024.

12. Gravita India reported Q3 FY25 results with a 31.49% revenue growth and a 29.30% increase in net profit, raising *1,000 crore through QIP.

13. Cigniti Technologies reported Q3FY25 net Cigniti profit of Rs 63.6 crore, up 32.3% Y-o-Y, with revenue growth of 10.3% Y-o-Y at Rs 516.4 crore.

14. Zensar Technologies reported the highest-ever ZenSar order book of $205 million in Q3FY25 with a book-to-bill ratio of 1.3x.

15. Dr. Reddy’s Laboratories was downgraded to Underperform with a revised target price of ₹1,090 from ₹1,140.

16. HDFC Bank announced Q3 net profit of Rs 16,735.5 crore while analysts retained positive views, with target prices between Rs 1,785 and Rs 2,300.

17. L&T Technology Services closes acquisition of Intelliswift with expectations to see 10% growth in its revenue, combining organic and inorganic growth.

18. Laxmi Organic reports 13.3% growth in revenues and an EBITDA that more than doubled to 59% in Q3 FY25 on the back of net profit growth of 7.76% YoY to Rs 29.30 crore.

19. Coforge to buy entire 100% stake in Coforge Xceltrait Inc. for USD 17.85 million, declared third interim dividend of 19 per share.

20. Cigniti Technologies reports net profit increase in Q3 to Rs 63.6 crore; revenue up at Rs 516 crore, the company’s financial performance reported to be positive.

21. BPCL posts Q3 FY25 net profit at 24,649 crore, up 93.9% YoY; upgrades FY26 capex to ₹19,000 crore and forms joint venture with Praj Industries.

22. Indian Hotels Co. posted a 30% year-on-year rise in IHC revenue and its operating margin 230 bps to 40.9% in Q3.

23. Laurus Generics Inc received a Form 483 from the US FDA post a PADE inspection with an observation that needed to be complied with in specific timelines.

24. Sammaan Capital Ltd has launched its Indiabulls Qualified Institutional Placement (QIP) issue worth up to Rs 2,500 crore. The floor price has been set at Rs 151.09 per share.

25. Zee Entertainment will declare its Q3 numbers today, 23 January, 2025.

26. 26. CLSA upgrades Aurobindo Pharma to Outperform from HOLD with the revised target at $1,400 against ₹1,540.

27. Elara Securities has kept an accumulate rating on Dalmia Bharat with the reduction of target to Rs 2,023, based on the weak volume trend.

28. TVS Motors registers 18-year high in domestic 2W market share for TVS; EVS expected to contribute 30% to volumes.

29. January 29, 2025: The board of Jupiter Wagons is set to deliberate on the company’s plans to raise funds through equity and debt instruments.

30. Waaree Energies subsidiary commences WAAREE commercial production of 1.6 GW solar module line at Brookshire, Texas.

31. BPCL posted a 20% YoY growth in Q3 net profit at ₹3,806 crore; IPO of Maharashtra Natural Gas Ltd planned for mid-2025-26.

32. Adani Green Energy to report Q3 adani FY25 results today, along with other major Renewables companies.

33. Coforge Ltd declared an interim dividend of 19 per equity share. The record date is January 30, 2025.

34. HDFC Bank aims to bring its credit-deposit ratio below 90% within two years of the merger, which currently stands at 98%.

35. Reliance Jio added 1.2 million users, reversing a four-month trend of subscriber losses, and increased its market share to 40.15%.

36. Restaurants plan to counter Swiggy’s SWIGGY private label food by partnering with ONDC to reduce costs and choose logistics partners.

37. Hindustan Petroleum Corporation was expected to report Q3 FY25 results on January 23, with net profit projected to rise 367% to 2,945 crore.

38. United Spirits will announce Q3 FY25 results on January 23, 2025.

39. Nomura retains a Neutral rating on Persistent Systems at Rs 6200 target. It is attributing growth resilient and improvement in margins.

40. HDFC Bank plans to offload shares worth 10,000 crore as an offer for sale to comply with the RBI upper layer NBFCs norms.

41. Tata Motors looks to restructure its commercial vehicle business ahead of the planned public listing next fiscal year, focusing on eight independent sub-segments.

42. Swiggy Instamart plans to expand the count from 523 to over 1,046 locations by March 2025.

43. Nuvama and Cushman & Wakefield Management announce first close of their prime offices fund at Rs 1,700 crore, which aims at Rs 3,000 crore.

44. BPCL’s Board accords in-principle approval for formation of joint venture with Praj Industries for compressed biogas plants, and submits development plan for Nunukan block to Indonesian Regulator.

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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.