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Stock Market News: January 9th Top Stocks Expected to Surge

Indian Stock Market – Exploring Lucrative Investment Prospects on January 9, 2025

Stock Market And Business Top Stories on 9th January 2025

SRF Ltd

  • Consumer Cyclical | Mid Cap
  • Rs.2610.60/-

Tata Motors Ltd.

  • Consumer Cyclical | Large Cap
  • Rs.785.45/-

Manappuram Finance Ltd

  • Financial Services | Small Cap
  • Rs.188.28/-

Navin Fluorine International Ltd

  • Basic Materials | Small Cap
  • Rs.3878.25/-

HDFC Bank Ltd

  • Financial Services | Large Cap
  • Rs.1677.00/-

State Bank of India

  • Financial Services | Large Cap
  • Rs.2768.45/-

Reliance Industries Ltd

  • Energy | Large Cap
  • Rs.1264.60/-

Zomato Ltd

  • Technology | Large Cap
  • Rs.247.80/-

Swiggy Ltd

  • E-Commerce/App based Aggregator | Large Cap
  • Rs.502.90/-

ITI Ltd

  • Communication Services | Mid Cap
  • Rs.467.00/-

Saregama India Ltd

  • Consumer Cyclical | Small Cap
  • Rs.7584.95/-

Aegis Logistics Ltd

  • Financial Services | Mid Cap
  • Rs.931.85/-

Kotak Mahindra Bank Ltd

  • Financial Services | Large Cap
  • Rs.1797.80/-

Infosys Ltd

  • Technology | Large Cap
  • Rs.1941.95/-

Vishal Mega Mart Ltd

  • Trading | Mid Cap
  • Rs.113.20/-

Indraprastha Gas Ltd

  • Utilities | Small Cap
  • Rs.432.50/-

Trending Top Stories in The Indian Stock Market on January 9, 2025

  1. Emkay Global maintains Buy rating on Tata Motors, with a target price of Rs 950, as strong performance at Jaguar Land Rover offsets the soft outlook for India passenger vehicles.

 

  1. Adani Wilmar: To leverage edible oil business for FMCG growth after Adani Group divests its stake in joint venture.

 

  1. Coforge and Persistent Systems likely to report solid sequential revenue growth for Q3 ending December 2024.

 

  1. Tata Elxsi to announce Q3 FY25 results today, with revenue projected at ₹966 crore and net profit expected to decline to 198 crore.

 

  1. Jefferies continues to rate Buy on IHCL Indian Hotels Company with a target price of 1,000, implying a 20% upside potential.

 

  1. CLSA upgrades Bajaj Auto to ‘Overweight’ with a target price of 9,493, citing improving e-2 wheeler franchise and operational efficiency.

 

  1. Nomura upgrades Zydus Lifesciences to ‘buy’, raises price target to Rs 1,140, citing growth potential from diabetes drug Sitagliptin.

 

  1. RBL Bank is under F&O trading ban as it crossed 95% of market-wide position limits.

 

  1. Hindustan Copper is placed under F&O trading ban as it has crossed 95% of the market-wide position limits.

 

  1. NMDC revises iron ore prices effective January 9, 2025: Baila Lump at 6,000 per ton and Baila Fines at 5,060 per ton.

 

  1. ACME Solar Holdings has commissioned an additional 90 MW solar in Rajasthan, taking total operational renewable capacity to 2,453 MW.

 

  1. Morgan Stanley keeps Equal Weight on Tata Motors at a target price of 920, as JLR margin improvements continue and Q3 was strong.

 

  1. CFO Sanjay Kumar Agrawal resigns from Man Industries (India), effective January 8, 2025.

 

  1. Bernstein initiates Outperform rating SWIGGY on Swiggy with a target price of Rs 625, implying a 25% upside potential.

 

  1. Jefferies increases target price on InterGlobe Aviation to Rs 5,260, sees 23% upside; Elara Capital upgrades rating to buy with a target of Rs 5,309.

 

  1. Tata Elxsi to announce Q3 FY24 results today; stock in focus by investors.

 

  1. Anand Rathi Wealth board meeting on January 13 to consider bonus issue and review Q3 FY24 results.

 

  1. Kellton Tech Solutions to raise up to *84.50 crore by issuing 55 lakh warrants at 153.63 each.

 

  1. PI Industries stares at an 82.8 crore customs duty demand in view of disputes related to classification for imported materials.

 

  1. United Spirits Gets GST Demand Order of 1.1 Crore from Kerala for the period Sep 2017 to Mar 2020 UNITED SPIRITS.

 

  1. Registrations under LIC’s Bima Sakhi scheme exceeded 52,000 within a month of its launch.

 

  1. TCS was expected to report Q3FY25 revenue of Rs 64,754 crore and net profit of Rs 12,540 crore, as per estimates on Bloomberg.

 

  1. Zee Media Corporation to consider raising funds through equity shares or other instruments in a meeting on January 13.

 

  1. PI Industries has a Rs 38-crore customs duty demand against it and penalties that could go as high as Rs 43 crore from the Commissioner of Customs.

 

  1. Orient Technologies Ltd. appoints Shrihari Bhat as Chief Executive Officer effective January 1, 2025, to drive growth and innovation.

 

  1. Tata Consultancy Services – TCS to announce Q3 earnings today, expects improved EBIT margin despite revenue impact from furloughs.

 

  1. NTPC Green Energy forms a joint venture with Rajasthan Rajya Vidyut Utpadan Nigam Ltd in a 74:26 partnership to develop renewable energy parks.

 

  1. GMR Airports to acquire 50% stake in CAR Bird Delhi General Aviation Services for Rs 15.02 crore to increase airport-related business presence.

 

  1. Anand Rathi Wealth Ltd board to meet on January 13 to consider a proposal for issuing bonus shares.

 

  1. ONGC invites bids from firms with a minimum annual turnover of $75 billion for production enhancement work at Mumbai High field.

 

  1. Reliance Industries plans to raise $1 billion in external commercial borrowings, a part of a total $2.8 billion sought by Indian companies in November 2024.

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Source: Google Google News  NSE BSE

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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.

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.

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