Indian Stock Market – Exploring Lucrative Investment Prospects on January 6, 2025
Stock Market And Business Top Stories on 6th January 2025
ITI Ltd
ITI Communication Services | Mid Cap
Rs.2526.65/-
Bajaj Finance Ltd
Financial Services | Large Cap
Rs.7530.00/-
HDFC Bank Ltd
Financial Services | Large Cap
Rs.1742.60/-
Reliance Industries Ltd
Energy | Large Cap
Rs.1249.95/-
Zomato Ltd
Technology | Large Cap
Rs.272.60/-
Jubilant Foodworks Ltd
Miscellaneous | Mid Cap
Rs.790.90/-
Transrail Lighting Ltd
Tasal Infrastructure Developers & Operators | Small Cap
Rs.683.60/-
Saregama India Ltd
Consumer Cyclical | Small Cap
Rs.578.35/-
Tata Motors Ltd
Consumer Cyclical | Large Cap
Rs.789.75/-
Infosys Ltd
Technology | Large Cap
Rs.1956.50/-
Angel One Ltd
Financial Services | Small Cap
Rs.2929.85/-
Tata Consultancy Services Ltd
Technology | Large Cap
Rs.4134.05/-
Titan Company Ltd
Consumer Cyclical | Large Cap
Rs.3515.95/-
Union Bank of India
Financial Services | Mid Cap
RS.115.67/-
Bank of Baroda
Financial Services | Large Cap
RS.229.93/-
Mahindra & Mahindra Ltd
Consumer Cyclical | Large Cap
RS.3211.00/-
Trending Top Stories in The Indian Stock Market on January 3, 2025
KNR Constructions won the irrigation project worth Rs 198.28 crore in Telangana, which involves earthwork excavation and construction works.
CLSA retains an Underperform rating on Marico with a target price of ₹482, implying a downside of 27% from current market price.
Goldman Sachs reiterates Buy rating on Godrej Consumer Products with a target price of 1,370, expecting a 22.9% upside.
Jefferies retains a Buy rating on Hindalco with a target price of ₹800, expecting 18.5% upside and improving demand in 2025.
ICICI Securities recommends BUY rating on Tata Steel shares with a target price of Rs 190, seeing possible safeguard duty benefits.
Nishant Pitti confirms no further stake sale in Easy Trip Planners; the shares of the company went up by 17% on the announcement.
Morgan Stanley has retained the Equal Weight rating on Bank of Baroda with a target price of 270, factoring in 11.7% upside.
Union Bank clocked a net profit of Rs 47,218 million during Q3 FY25, witnessing a YoY growth of 33.1%. Total business stood at 21.65 lakh crore.
CLSA advises an outperform rating for Avenue Supermarts with a target price of Rs 5,360. It sees an upside of 33%.
Titan Company clocked 24% YoY revenue growth in Q3 FY25 driven by jewellery business and increasing the retail presence to 69 stores.
Bajaj Finance registered 28% YoY AUM B growth, which is adding ₹24,100 crores during Q3 FY25, also growing its customer base by 5.03 million.
The loan-to-deposit ratio for HDFC Bank slid to 99.2% as of December, while the RBI approved HDFC Bank to take up to 9.5% of Kotak Mahindra Bank’s shareholding.
Macrotech Developers reported Q3FY25 pre-sales of $4,510 crore, up 32% YoY, and collections of ₹4,290 crore, which rose 66% YoY.
Macquarie maintains an Outperform rating on Marico with a target price of Rs 570 on sequential pickup in domestic volume growth.
Goldman Sachs forecasts Godrej Consumer Products Ltd. to regain its position as the fastest-growing FMCG company in fiscal 2026.
Telangana: Fire accident at Premier Explosives factory caused damage to buildings and equipment; one fatality reported.
Bandhan Bank’s loans and advances rose 15% YoY to Rs 1.33 lakh crore.
Nomura, Nuvama upgrade SBI Cards to Buy; raise price targets to 825 and 850, respectively, citing improvement in asset quality and credit costs.
Union Bank of India posted 2% YoY growth in domestic deposits to ₹11.82 lakh crore, even though it fell 2% sequentially.
HDFC Bank saw deposit growth of 15.8%, beating loan growth at 3% for Q3 FY25; RBI clears acquisition of up to 9.5% stake in Kotak Mahindra Bank.
CCI rejects Coal India’s e-auction scheme allegations of abuse of dominance; says no norms were violated.
NTPC Renewable Energy bags 1000 MW power project from UPPCL at Rs 2.56/kWh, pending Letter of Award.
Adani Wilmar reports 33% revenue growth and 6% rise in sales volumes for the December quarter.
Low single digit revenue growth Q3 FY25 is seen by Dabur India Limited. The demand in healthcare and beverages end seems to be challenged, market update reports.
Inhouse: Tata Elxsi partnering with Qualcomm, develops a Virtual ECU platform in Snapdragon VSoCs for future solutions in mobility space.
Vedanta reports the company’s Aluminum production has improved by 3% YoY to 614 kt and sees 12% increase in Mined Metal at Zinc in Q3 FY25.
Shareholder approval for one equity share Rama Phosphates Rama approval the subdivision of Rama one into two shares by face value Re 5 only.
H.G. Infra Engineering gets letter of intent from Gujarat Urja Vikas Nigam for 250 MW/500 MWh battery energy storage system in Gujarat.
HDFC Bank was approved to buy up to 9.50% of the paid-up share capital of AU Small Finance Bank within one year by RBI.
FSN E-Commerce Ventures expects NYKAA consolidated net revenue growth more than mid-twenties and beauty vertical GMV growth in the low thirties.
Tata Elxsi teams up with Qualcomm to create virtual models of Snapdragon digital chassis solutions for cloud-native application development.
RBI approves HDFC Bank to acquire up to 9.50% stake in AU Small Finance Bank within one year.
IDBI Bank reports 18% YoY growth in net advances at Rs 2.07 lakh crore for the December quarter.
HDFC Bank has posted 3% YoY growth in gross advances and 15.8% increase in deposits, however CASA deposits were down 4.4% YoY.
NTPC Renewable Energy bags 1000 MW in UPPCL’s e-reverse auction at Rs 2.56/kWh, awaits official Letter of Award.
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