India Financial News

Tube Investments of India Ltd. traded at Rs 3626.25 on BSE at 10:35AM (IST) on Thursday, 1.39 per cent from previous close. The stock quoted a 52-week low price of Rs 3338.80 and a high of Rs 4807.05.

Shree Cements Ltd. traded 1.32 per cent in Thursday's session at 10:30AM (IST). The stock opened at Rs 25636.95 and has touched an intraday high and low of Rs 25857.90 and Rs 25596.95, respectively, during the session so far. The stock quoted a 52-week high of Rs 30710.15 and a 52-week low of 23500.15. About 29 shares changed hands on the counter so far.

Ipca Laboratories Ltd.(up 1.19 per cent), Biocon Ltd.(up 0.91 per cent), Gland Pharma Ltd.(up 0.66 per cent), Dr. Reddy's Laboratories Ltd.(up 0.49 per cent) and Granules India Ltd.(up 0.48 per cent) were among the top gainers.

Indowind Energy Ltd.(up 10.00%), Karma Energy Ltd.(up 5.27%), Transformers & Rectifiers(India)Ltd.(up 5.00%), Indo Tech Transformers Ltd.(up 5.00%), GMR Power and Urban Infra Ltd.(up 4.17%), Ravindra Energy Ltd.(up 3.00%), KPI Green Energy Ltd.(up 1.80%), India Power Corporation Ltd.(up 1.43%), Power and Instrumentation(Gujarat)Ltd.(up 1.41%) and Gujarat Industries Power Company Ltd.(up 1.33%) were among the top gainers.

Shane Watson termed India's inability to travel to Pakistan for the Champions Trophy as «unfortunate» but said the ICC showpiece will offer star batters Virat Kohli and Rohit Sharma a chance to liberate themselves from a prolonged form slump. The global governing body has adopted the 'Hybrid' model for this edition of the CT with India scheduled to play its matches at a neutral venue in Dubai.

Tasty Bite Eatables Ltd.(up 2.71%), Dangee Dums Ltd.(up 1.76%), Sheetal Cool Products Ltd.(up 1.14%), Nakoda Group Of Industries Ltd.(up 0.76%), Nakoda Group Of Industries Ltd.(up 0.76%), Dodla Dairy Ltd.(up 0.69%), Euro India Fresh Foods Ltd.(up 0.68%), LT Foods Ltd.(up 0.58%), Heritage Foods Ltd.(up 0.53%) and Hindustan Unilever Ltd.(up 0.49%) were among the top gainers.

smallcap stock Gujarat Toolroom today zoomed 5% to hit their upper circuit at Rs 18.08 on the BSE today after the company on Wednesday announced that it will consider a 5:1 bonus share issue in its upcoming board meeting on January 5. “Pursuant to Regulation 29(1)(f) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that a meeting of the Board of Directors of Gujarat Toolroom Limited is scheduled to be held on Monday, January 6, 2025, to consider and approve the proposal for issuance of bonus shares in the ratio of 5:1 (five bonus equity shares for every one equity share) to the eligible equity shareholders of the Company as on the proposed record date by capitalisation of securities premium, subject to the approval of the shareholders of the Company,” the company informed via an exchange filing.

H-1B visa policy reforms, despite holding a small share of total visa sponsorships, according to Macquarie Research. The report highlights the challenges of hiring locally in the US and underscores the critical role of H-1B visas in bridging the technical talent gap.

MphasiS Ltd. traded at Rs 2883.90 on BSE at 10:25AM (IST) on Thursday, 1.03 per cent from previous close. The scrip quoted a 52-week low price of Rs 2180.05 and a high of Rs 3239.55.

Shriram Finance Ltd. traded 1.44 per cent in Thursday's trade at 10:15AM (IST). Around 3,807 shares changed hands on the counter. The stock opened at Rs 2928.10 and touched an intraday high and low of Rs 2972.80 and Rs 2928.10, respectively, in the session so far. The stock of Shriram Finance Ltd. quoted a 52-week high of Rs 3652.15 and a 52-week low of Rs 2016.40.

Avenue Supermarts Ltd. traded 0.75 per cent up at Rs 3588.25 at around 10:20AM (IST) on Thursday. The stock had closed at Rs 3561.20 in the previous session. Equity benchmark Sensex traded 386.06 points at 78893.47 around the same time.

Sandur Manganese & Iron Ores Ltd.(up 2.34%), 20 Microns Ltd.(up 2.20%), KIOCL Ltd.(up 1.91%), Aro Granite Industries Ltd.(up 1.69%), Ashapura Minechem Ltd.(up 0.96%), Gujarat Mineral Development Corporation Ltd.(up 0.81%), Lexus Granito(India)Ltd.(up 0.73%), Pokarna Ltd.(up 0.57%), NMDC Ltd.(up 0.54%) and The Orissa Minerals Development Company Ltd.(up 0.24%) were among the top gainers.

Nifty bulls, with many anticipating another year of double-digit gains in 2025. However, the second half of 2024 served as a stark reminder to new investors of a timeless truth: Dalal Street is far from a one-way ride. The undercurrents of risks are growing stronger as investors will have to deal not only with global headwinds of geopolitical tensions and trade frictions but also the enemy within — slowing domestic growth, elevated valuations and earnings pressure.

Kotak Mahindra Bank and NTPC, highlighting their growth potential and strategic advancements for the year 2025. Citi has upgraded Kotak Mahindra Bank to a 'Buy,' citing strong loan growth momentum, improved delinquency trends, and a favorable medium-term outlook.

Gautam Gambhir declined to confirm that captain Rohit Sharma would play the fifth test against Australia, committing only to naming the team before the toss on Friday.

The Nifty future closed positive with gains of 0.42% at 23,907 levels on Wednesday.

BSE Sensex rose more than 300 points while the Nifty50 closed above 23700 levels. Sectorally, buying was seen in telecom, power, capital goods and auto stocks while selling was seen in metal and realty stocks.

CSB Bank shares rose 6.5% to an intraday high of Rs 334.15 on the BSE on Thursday following its Q3 FY25 financial update, which showed robust growth. Total deposits rose by 22.17% year-on-year (YoY) to Rs 33,406 crore as of December 31, 2024, compared to Rs 27,345 crore in the same period last year. This growth was primarily driven by a 28.10% YoY rise in term deposits to Rs 25,365 crore from Rs 19,802 crore. CASA deposits also increased by 6.60% YoY to Rs 8,041 crore, up from Rs 7,543 crore in the previous year.

Hem Securities has a buy call on JSW Energy with a target price of Rs 744. The current market price of the stock is Rs 651.3. JSW Energy, incorporated in 1994, is a Mid Cap company with a market cap of Rs 113596.21 crore, operating in the Power sector. JSW Energy's key products/revenue segments include Power, Power Generation, Sale of services, Sale of Products, Interest, Other Operating Revenue for the year ending 31-Mar-2024.

Axis Securities has a buy call on Aditya Birla Sun Life AMC with a target price of Rs 1045. The current market price of ABSL AMC is Rs 852.3. Aditya Birla Sun Life AMC, incorporated in 1994, is a Small Cap company with a market cap of Rs 24601.79 crore, operating in the Financial Services sector. Aditya Birla Sun Life AMC's key products/revenue segments include Fees & Commission Income for the year ending 31-Mar-2024.