Indian Stock Market – Exploring Lucrative Investment Prospects on January 7, 2025
Stock Market And Business Top Stories on 7th January 2025
ITI Ltd
Communication Services | Mid Cap
Rs.489.95/-
Zomato Ltd
Technology | Large Cap
Rs.253.00/-
Intellect Design Arena Ltd
Technology | Small Cap
Rs.976.35/-
One Mobikwik Systems Ltd
E-Commerce/App based Aggregator | Small Cap
Rs.7575.20/-
Oil & Natural Gas Corpn Ltd
Energy | Large Cap
Rs.265.47/-
Aegis Logistics Ltd
Financial Services | Small Cap
Rs.891.50/-
Kalyan Jewellers India Ltd
Consumer Cyclical | Mid Cap
Rs.735.50/-
Indo Farm Equipment Ltd
Automobile | Small Cap
Rs.282.38/-
Tata Motors Ltd
Consumer Cyclical | Large Cap
Rs.784.40/-
Transrail Lighting Ltd
Infrastructure Developers & Operators | Small Cap
Rs.658.50/-
Amber Enterprises India Ltd
Consumer Cyclical | Small Cap
Rs.7762.00/-
Tanla Platforms Ltd
Technology | Small Cap
Rs.2707.05/-
HDFC Bank Ltd
Financial Services | Large Cap
Rs.1709.95/-
Reliance Industries Ltd
Energy | Large Cap
Rs.1240.80/-
Titan Company Ltd
Consumer Cyclical | Large Cap
Rs.3548.85/-
Tata Consultancy Services Ltd
Technology | Large Cap
Rs.4041.75/-
Trending Top Stories in The Indian Stock Market on January 7, 2025
Vodafone Idea to sell its entire 50% shareholding in Firefly Networks to iBUS Network for Rs 4.5 crore, ending the joint venture.
S H Kelkar has reported a 17% revenue growth for the first nine months, but with gross margins under pressure due to supply constraints.
Mahindra & Mahindra announced a 20% production rise and a 14% sales increase year-over-year.
Godrej Consumer Products raised prices and reduced grammage of soaps in December quarter due to the increase in palm oil prices.
Reliance Consumer Products introduced Raskik Gluco Energy, venturing into the hydration category, with more still beverages planned for the coming year.
Dynamic Services & Security Ltd has signed a MoU and received a work order worth Rs 476 crore from Orion Security Solutions.
Vodafone Idea to sell its entire 50% shareholding in Firefly Networks to iBUS Network for Rs 4.5 crore, ending the joint venture.
SH Kelkar reported 17% revenue growth for the first nine months, but gross margins under pressure due to supply constraints.
Mahindra & Mahindra posted a 20% increase in production and 14% increase in sales y-o-y.
Godrej Consumer Products raised soap prices and cut grammage as a response to the rise in palm oil prices during the December quarter.
Jefferies downgrades Zomato to ‘Hold’ from ‘Buy’, cuts target price to ₹275, citing rising competition in Quick Commerce impacting profitability.
Power Grid Corporation of India Limited Declared Successful Bidder for Two Interstate Transmission Projects in Gujarat and Karnataka under BOOT Model.
Akzo Nobel NV considers the sale of powder coating business and R&D operations, as well as the possible acquisition of decorative paints intellectual property.
Sai Ramana Ponugoti Appointed CEO of India Consumer Healthcare, Effective January 6, 2025.
Interglobe Aviation has been asked to pay Rs 2.17 crore by customs as penalty for denying duty exemption on aircraft spares, challenging the order.
Zydus Lifesciences’ subsidiary Sentynl Therapeutics receives USFDA acceptance for priority review of NDA for CUTX-101, a treatment for Menkes disease.
Citi maintains a BUY rating on Indraprastha Gas Ltd with a target price of ₹450 as it sees value unlocking from the upcoming MNGL IPO.
Nuvoco Vistas Corp approved Vadraj Cement acquisition in insolvency resolution; announces phased investments over 15 months.
One Mobikwik Systems to announce its bbw maiden quarterly earnings post-listing on January 7, 2025.
SBI reported a 14.6% growth in net interest income and a 13.6% increase in profit after tax for H1FY25.
Acquisition talks by Bharti Airtel for Tata Play have progressed, possibly forming the biggest DTH player with more than 38 million subscribers.
CLSA upgrades ONGC to high-conviction outperform with a target price of *360, citing a large production increase and an attractive dividend yield.
CEAT approves investment of Rs 2.57 crore in subsidiary Tyresnmore through right issue; retains 100% shareholding after investment.
Tata Motors announces a Q3 production of 1.33 lakh units and sale of 1.39 lakh units, showcasing a slight drop in production but rise in sales.
Ministry of Corporate Affairs has approved incorporation of Rudra Global Green Energy, a subsidiary of Rudra Gas Enterprise Ltd.
Citi Research initiates a ‘Buy’ rating for Hyundai Motor India Ltd with a target price of Rs 2250, citing strong parentage and diverse portfolio.
Kalyan Jewellers reports 39% YoY KALYAN revenue growth in Q3 FY2025; plans to open 170 new showrooms across Kalyan and Candere formats.
Macquarie maintains Outperform rating on Titan Company, raising target price to 4,150/share, citing strong demand in jewellery and eyecare segments.
Arkade Developers will redevelop three OLARKADE residential projects in Mumbai, with revenue potential of Rs 2,150 crore.
NESCO declared highest bidder for developing, operating and maintaining Wayside Amenities on Bengaluru-Chennai Expressway Corridor (Phase II) with estimated revenue of Rs 350 crore annually from year four.
BPCL’s board approved the IPO of Maharashtra Natural Gas Ltd (MNGL), which could unlock value for Indraprastha Gas Ltd (IGL) with a contribution of ₹45/share.
Kalyan Jewellers reports 39% consolidated revenue growth in Q3; plans to open 30 new showrooms this quarter and 170 showrooms in FY26.
The board of Bharat Petroleum Corporation has approved the initial public offering of Maharashtra Natural Gas Limited, a joint venture of GAIL, for the next fiscal.
Tech Mahindra downgraded to ‘Hold’ by MarketsMojo despite record quarterly profit of Rs 1,250.10 crore.
Jefferies has downgraded Blue Star Ltd. from a BUY to a HOLD, given the muted urban offtake and limited upside post-sharp rally.
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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