Indian Stock Market – Exploring Lucrative Investment Prospects on February 3, 2025
Stock Market And Business Top Stories on 3rd February 2025
Swiggy Ltd
E-Commerce/App based Aggregator | Large Cap
Rs.453.50/-
Cholamandalam Investment & Finance Company Ltd
Financial Services | Large Cap
Rs.1312.40/-
TVS Motor Company Ltd
Consumer Cyclical | Large Cap
Rs.2645.90/-
Bajaj Finance Ltd
Financial Services | Large Cap
Rs.8268.05/-
Hyundai Motor India Ltd
Automobile | Large Cap
Rs.1800.00/-
Bajaj Holdings & Investment Ltd
Financial Services | Large Cap
Rs.12059.00/-
Mahindra & Mahindra Ltd
Consumer Cyclical | Large Cap
Rs.3156.20/-
Bharti Airtel Ltd
Communication Services | Large Сар
Rs.1653.65/-
Varun Beverages Ltd
Consumer Defensive | Large Cap
Rs.571.65/-
Eicher Motors Ltd
Consumer Cyclical | Large Cap
Rs.25466.60/-
Wipro Ltd
Technology | Large Cap
Rs.309.80/-
Max Healthcare Institute Ltd
Healthcare | Large Cap
Rs.1125.95/-
Mankind Pharma Ltd
Pharmaceuticals | Large Cap
Rs.2524.95/-
Maruti Suzuki India Ltd
Consumer Cyclical | Large Cap
Rs.13117.00/-
Bajaj Finserv Ltd
Financial Services | Large Cap
Rs.1777.75/-
Havells India Ltd
Industrials | Large Cap
Rs.1666.70/-
Indian Hotels Co Ltd
Consumer Cyclical | Large Cap
Rs.809.00/-
Trending Top Stories in The Indian Stock Market on February 3, 2025
RVNL shares decline 7.3% as the Budget maintains allocation for Indian Railways at unchanged levels; Axis Securities retains Buy rating with a target price of Rs 501.
Paytm Cloud Technologies acquires 25% stake in US-based Seven Technology LLC for $1 million, enhancing presence in the Brazilian market.
Shares of Jupiter Wagons fell 8% to Rs 347.4 following the Union Budget, which was not on the expected lines regarding railway capital expenditure.
PESB recommended Shri Sachidananda Maharana for Director (Finance) at Numaligarh Refinery Limited.
Nomura retains a Buy rating on Five Star Finance and sets a price target for Rs 870 as strong fundamentals notwithstanding moderation in AUM growth.
Metro Brands had gained over 7% after the Union Budget announcements, which included incentives for the footwear industry, marking its largest single-day gain since eight months.
KR Choksey retains ACCUMULATE TATA rating on Tata Consumer Products with a target price of Rs 1,120, driven by strong market positioning and growth potential.
Siemens shares dropped up to 7% after downgrades and target price cuts in the wake of a shift in Union Budget focus away from capex-led growth.
Engineers India Ltd appointed as Project Management Consultant for Rs 1,200 crore academic institute development, contract signed with the Institute.
Raj Kumar has stepped down as Director & Chairman of Gujarat Gas Ltd, and the resignation is effective January 31.
KR Choksey has maintained the ACCUMULATE S rating on Shree Cement with a target price of Rs 30,619, citing confidence in the capacity expansion strategy.
Budget 2025 to boost bank deposits and credit growth: SBI Chairman CS Setty.
Shakti Pumps partners with ReNew Photovoltaic for Rs 1,300 cr supply of DCR cell-based solar modules for FY 2025-26, drives growth in renewable energy.
Prabhudas Lilladher upgrades Voltas Ltd to BUY with a revised target price of Rs 1,593, citing healthy volume growth and a positive outlook.
ICICI Securities maintains a Buy rating on Bharat Electronics with a price target of ₹350.
Jefferies initiates coverage on Adani Power with a ‘Buy’ rating and a target price of Rs 509, citing 30% potential upside.
Thermax downgraded to Sell from Neutral by MOSL, with a price target reduced to 3,500 from ₹4,400.
Hazoor Multi Projects to invest ₹2,500 crore in a 500 MW solar project in Andhra Pradesh, covering 2,000 acres.
Downgrade ‘sell’ with a target of 10,500 : Motilal Oswal downgraded Hitachi Energy to ‘sell’ and reduced its price target to 10,500 from 13,300.
Godrej Properties Ltd. to declare Q3 financial results this week, as per exchange filing on January 20.
Shares of Jupiter Wagons drop 8%, despite 18% rise in net profit and Rs 3,000 cr QIP approval, as weak sector outlook overshadows.
L&T Technology Services will join Arizona Technology Council for strengthening smart city innovation and digital solutions to boost the tech ecosystem of Arizona.
Board of KPI Green Energy will consider kthird Interim Dividend for FY 2024-25 on February 6, 2025.
Motilal Oswal feels the government’s support for gig workers may increase Zomato’s operational efficiency and service reliability.
India Securities Limited announced a 3rd interim dividend of Re. 0.20 on its equity share for the financial year 2024-25.
The government intends to open 120 new airports and improve regional connectivity that will result in increased air travel and tourism, directly impacting IndiGo.
Exide stocks surged as Budget 2025 proposed exemption of custom duties.
Ola Electric Mobility to unveil two-wheelers with advanced technology and performance specifications on 1 February.
One 97 Communications subsidiary, Paytm Cloud Technologies, to buy 25% of Seven Technology LLC for USD 1 million.
Tax rate change is positive and IndiGo would benefit from a rise in consumer spending.
JM Financial sees Nifty50 EPS growth at 3.8% for FY25; target price of ₹4,015 on L&T with an upside of 16.5%.
JPMorgan maintains Neutral rating on IndusInd Bank with a target price of Rs 1100, citing lower growth and higher credit costs.
Ola Electric Mobility launches the S1 Pro+ electric scooter featuring a 5.3 kWh battery and segment-first features.
Jefferies and Morgan Stanley maintain positive ratings on ITC, citing stable tobacco tax outlook in Budget 2025 as a growth catalyst.
Bajaj Auto reported 7% growth in January sales to 3,81,040 units with exports up 37% YoY.
General Insurance Corporation of India is scheduled to declare third-quarter financial results today. Market would focus on this issue.
Budget announcements have been perceived to be positive for Max Financial Services, which have the potential for further improving its market position.
Sona BLW lost 3% in intraday trades fearing revenue pressure due to U.S. tariffs on Mexico, which accounts for 2% of overall revenue.
Samvardhana Motherson shares fell 6% NNT amid revenue concerns due to U.S. tariffs on Mexico, which contributes nearly 4% to its revenue, according to Elara Securities.
Nestle India’s quarterly performance showed moderate domestic growth, but margin compression led to lower earnings amid elevated commodity prices.
Kotak Institutional Equities initiates coverage on Swiggy Ltd. with a Buy rating and a price target of ₹500, implying a potential upside of 15%.
Thomas Cook (India) Limited’s Q3 results are expected to be reported today, February 3, 2025.
Redtape announces a 3:1 bonus share REDTAPE issue, with the record date set for February 4, 2025.
Motilal Oswal maintains a neutral call on Bajaj Finance with a target price of Rs 8,300.
JP Morgan maintains Neutral rating on ONGC with a target price of Rs 293, citing near-term earnings driven by KG-98/2 output ramp-up.
Aditya Birla Capital is scheduled to declare Q3 results on Feb 3, 2025.
Thomas Cook CEO Mahesh lyer feels higher tax exemption limit will make discretionary spending on travel go up.
DLF’s Aakash Ohri: There is demand for homes now, which says that the whole perception of home ownership has shifted.
Jefferies cuts target price on BPCL to *330 from 370; retains buy rating.
Jefferies cuts Hindustan Petroleum’s price target to ₹270 from ₹295, maintains Underperform rating.
Axis Bank’s MD & CEO Amitabh Chaudhry’s tenure approved for three more years, reflecting strong performance and solid asset quality improvements.
Anant Raj reported a 55% increase in net profit to 110 crore and a 36.2% rise in revenue to ₹534 crore for Q3FY25.
Tata Chemicals to announce Q3 results today, market focus.
Alembic Pharmaceuticals to declare Q3 results today.
itan Co. to consider Q3 financial results for the quarter ended December 2024 on February 4, 2025.
KPIT Technologies will go ex-dividend KPIT on February 4; investors must buy shares by end of February 3 to qualify for dividend payouts.
Inox Wind reported a 96% revenue growth in Q3 FY25 and got upgrades from CARE Ratings to CARE A1+ and A+/Stable for bank facilities.
Tata Consultancy Services Ltd announced salary hikes of 4.5-7% for the April-June 2024 period.
RedTape announces a 3:1 bonus share REDTAPE issue, with the record date set for February 3, 2025.
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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