Stock Market News: January 8th Top Stocks Expected to Surge

Indian Stock Market – Exploring Lucrative Investment Prospects on January 8, 2025

Aegis Logistics Ltd

• Financial Services | Mid Cap
• Rs.1004.00/-

One Mobikwik Systems Ltd

• E-Commerce/App based Aggregator | Small Cap
• Rs.614.20/-

Reliance Industries Ltd

• Energy | Large Cap
• Rs.1260.35/-

ITI Ltd

• Communication Services | Mid Cap
• Rs.462.45/-

Dixon Technologies (India) Ltd

• Consumer Cyclical | Large Cap
• Rs.17616.20/-

Equinox India Developments Ltd

• Real Estate | Small Cap
• Rs.152.56/-

Zomato Ltd

• Technology | Large Cap
• Rs.247.95/-

Kalyan Jewellers India Ltd

• Consumer Cyclical | Mid Cap
• Rs.2688.35/-

Oil & Natural Gas Corpn Ltd

• Energy | Large Cap
• Rs.2269.12/-

Trent Ltd

• Consumer Defensive | Large Cap
• Rs.6742.60/-

HDFC Bank Ltd

• Financial Services | Large Cap
• Rs.1703.15/-

Spandana Sphoorty Financial Ltd

• Financial Services | Small Cap
• Rs.2454.40/-

Dr Reddys Laboratories Ltd

• Basic Materials | Large Cap
• Rs.1377.65/-

Amber Enterprises India Ltd

• Consumer Cyclical | Small Cap
• Rs.7736.95/-

BSE Ltd

• Financial Services | Mid Cap
• Rs.5362.40/-

Indo Farm Equipment Ltd

• Automobile | Small Cap
• Rs.286.70/-

Trending Top Stories in The Indian Stock Market on January 7, 2025

1. CFO Ramakanta Behera has been placed under suspension following allegations of grave misconduct.

2. Exicom partners with Mufin Green Infra exicom through an MoU to expand EV charging infrastructure in India.

3. JP Morgan is positive on the financial sector and sees Bank of Baroda as one of its top picks for EPS revisions.

4. Citi maintains Buy rating on Kalyan Jewellers with a target price of ₹810/ share, given strong growth and aggressive store expansion plans.

5. Macquarie maintains Outperform rating on HDFC Bank with a target price of Rs 1900, as it believes the HDB Financial Services listing will have minimal impact.

6. KEC International has secured new orders worth ₹1,136 crore, including a 765 kV project from PGCIL for green energy evacuation.

7. Dr. Reddy’s Labs at ‘Buy’ by Nuvama; target price Rs 1,553 as strategies to cushion Revlimid patent expiry impact.

8. Jefferies raises price target for Mahindra & Mahindra to ₹4,075, retains Buy rating as the company continues to gain market share across most vehicle segments.

9. CARE Ratings assigned CARE AA; Stable rating to Adani Power’s proposed NCDs worth Rs 5,000 crore and reaffirmed bank loan ratings.

10. Sobha Ltd Q3 FY25 sales value at ₹1,388.6 crore, sequentially up 17.8%, driven by a new sales area of 1.01 million square feet.

11. Berger Paints clarifies that there is no material event regarding the potential acquisition of Akzo Nobel’s stake.

12. Jefferies retains a BUY rating on Eicher Motors and increases the target price to Rs 6,600 from Rs 5,500.

13. Global brokerage gives negative rating on Wipro shares, sees it falling to Rs 260 from Rs 293.90.

14. Jefferies has a Buy rating on TCS, expecting the shares to hit Rs 4,775, suggesting returns of around 16%.

15. CESC Limited issues a Letter of Award to its subsidiary, Purvah Green Power, for a 150 MW wind-solar hybrid power project.

16. Jefferies initiated a Buy rating on Infosys Infosys and projected a target price of Rs 2,220, indicating a potential return of circa 14%.

17. Bank of Baroda’s domestic deposits rose 9.2% YoY, while global deposits grew 11.8% YoY despite a 6% stock decline.

18. Ola Electric flagged by SEBI for compliance lapse over delayed disclosure of plans to expand stores made on social media.

19. WPIL’s European subsidiary, Gruppo Aturia, has acquired 100% of MISA S.R.L, an Italian industrial firm specializing in pumping station projects.

20. Sanjeev Kumar Sharma has been appointed as the Chief Financial Officer of Signature Global, effective January 7.

21. Titan Company’s domestic jewellery segment grew 25% YoY, driven by strong consumer demand during the festive season.

22. Ola Electric flagged by SEBI for OLA compliance lapse over timely disclosure of store expansion plans shared on social media.

23. WPIL’s European subsidiary, Gruppo Aturia, has taken 100% of MISA S.R.L, an Italian industrial firm specializing in pumping station projects.

24. Sanjeev Kumar Sharma appointed Chief Financial Officer of Signature Global w.e.f. January 7.

25. The domestic jewellery business of Titan Company rose 25% YoY, driven by strong consumer demand during the festive season.

26. Tata Motors leads EV market with 61,496 units sold in 2024, despite a drop in market share to 62%.

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