Analysis Financial News

initial public offering of ₹3,027 crore comprising an offer for sale of ₹2,727 crore with the rest being a fresh issue that dilutes the promoter shareholding from 37.7% to 32.5%. Of the issue proceeds, ₹195 crore will be used to repay borrowings. Business: Incorporated in 2010, Chennai-based DAHC is India's largest eye care service chain run by fourth-generation ophthalmologists. It has the highest number of eye care facilities in the country at 193, and 16 in Africa which contributes around 10% of the total revenues. At the end of September 2024, the company had 737 doctors and earned 66% of its revenues from surgeries, 13% from diagnosis and non-surgical treatments and 21% through the sale of eye care-related products, opticals, contact lenses and accessories.

It is interacting with potential underwriters for the share offering in London, where Hero Future's chairman, Rahul Munjal, has been spending considerable time to help expand the global footprint of the renewable energy generator, said the sources cited above.

The Federal Reserve gathers this week for the first time in the second presidential term of Donald Trump, who has already signaled that he wants lower interest rates.

financial stocks. The rally came after the Reserve Bank of India announced several measures aimed at enhancing liquidity in the banking system, fueling optimism about a potential interest rate cut in February. The benchmark BSE Sensex gained 535.24 points or 0.71% to close at 75,901.41, while the broader Nifty 50 index closed at 22,957.25, higher by 128.10 points or 0.56%.

Sebi) has returned a letter from US based investors Digvijay Laxmansinh Gaekwad and Danny Gaekwad Developments & Investments, Florida which sought the market regulator's approval to submit a competing open offer for equity shares of Religare Enterprises Limited. Sebi said that Gaekwad's exemption application was not in conformation with the Sebi regulations.

JSW Energy on Tuesday reported a 32% drop in consolidated profit at Rs 157 crore against Rs 232 Crore in the same period last year. Total revenue during the quarter decreased by 1% year-on-year to Rs 2,640 crore from Rs 2,661 Crore in the corresponding period last year.

capital on Tuesday, extending the losses to the second day due to sluggish demand from jewellers and retailers, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity fell by Rs 160 to Rs 82,840 per 10 grams. It had closed at Rs 83,000 per 10 grams on Monday. Gold of 99.5 per cent purity also slipped Rs 160 to Rs 82,440 per 10 grams from the previous close of Rs 82,600 per 10 grams. However, silver traded flat at Rs 92,000 per kg on Tuesday.

gold prices will remain volatile this week, ahead of the Union Budget, which will be tabled on February 1. In the physical market, gold traded at Rs 80313 per 10 gm on Tuesday. On the MCX, gold was trading at Rs 79,950 per 10 gm, up by Rs 380 from Monday.

shares steadied on Tuesday, led by a modest recovery in Nvidia after its record-breaking wipeout in market value in a rout sparked by a low-cost Chinese artificial intelligence model that may threaten the dominance of U.S. rivals. Shares in Nvidia, a leader in the AI chip market, fell 17% on Monday, wiping $593 billion from its market value — a record one-day loss for any company — and dragged U.S. stocks lower.

Motilal Oswal Financial Services (MOFSL) on Tuesday reported a 14% year-on-year decline in its December quarter consolidated net profit at Rs 565 crore versus Rs 660 crore reported in the year ago period. The total revenue from operations surged 12% to Rs 1,999 crore in Q3FY25 versus Rs 1,791 crore in the corresponding quarter of the last financial year. The profit after tax (PAT) fell 50% on a sequential basis versus Rs 1,120 crore reported in the year ago period. Meanwhile, the topline saw a 30% drop on a quarter-on-quarter basis as against Rs 2,838 crore recorded in Q2FY25.

Benchmark NSE Nifty closed 128.1 points up at 22957.25 amid buying in frontline bluechip counters.

Nifty Next 50 and Nifty Smallcap 250 equity indices have entered bear market territory, marked by declines exceeding 20% from their 52-week highs. The Nifty Next 50 index, which tracks 50 companies just below the Nifty 50, has plunged over 22% from its peak, while the NSE Nifty Smallcap 250 index has dropped more than 20% from its yearly high. A 20% decline from peak levels is widely regarded as the threshold for a bear market, highlighting investor unease amid heightened market volatility.

Raj Nidimoru and Krishna DK, The Family Man has become immensely popular for its engaging storyline, clever writing, and outstanding performances. The third season will once again follow Srikant, a middle-class man juggling his family life with his secretive role as an intelligence officer at the fictional Threat Analysis and Surveillance Cell (TASC). According to reports, the upcoming season will feature Jaideep Ahlawat in a significant role opposing Manoj Bajpayee.

stocks tracked an overnight drop in the tech-heavy Nasdaq index in the U.S. but gains in bank shares helped the Topix trim early losses. The Nikkei slipped 1.39% to close at 39,016.87.

Maruti Suzuki in the third quarter. Revenue from operations in the reporting period is likely to jump 17% year-on-year (YoY), according to an average estimate of six brokerages. Meanwhile, profit after tax (PAT) during the quarter is seen rising 13% YoY.

CG Power and Industrial Solutions plunged 12% to an intraday low of Rs 522 on the BSE. The stock's total traded volume on the exchange reached 5.57 lakh shares, recording a turnover of Rs 30.49 crore. On the NSE, CG Power shares also faced significant selling pressure with a total traded quantity of 121.75 lakh shares, and a total traded value of Rs 666.34 crore as of 12:30 pm today.

FII sell-offs and expectations of earnings downgrades across companies. As the industry looks for certain reliefs in the February 1, 2025, Union Budget to rekindle demand, D-Street will closely monitor how many of these requests are addressed by Finance Minister Nirmala Sitharaman. Exide Industries and Tata Motors have witnessed the steepest decline in the 18-stock BSE Auto index, followed by Hero MotoCorp, Bajaj Auto, Samvardhana Motherson International, Bharat Forge, Tube Investments of India, and Sundram Fasteners, each falling by over 30% from their peaks. Meanwhile, Apollo Tyres, UNO Minda, MRF, TVS Motor Company, Ashok Leyland, Bosch, and Balkrishna Industries have fallen between 28% and 21%.

Tata Motors is expected to report marginal growth in revenues in the third quarter, which will be supported by growth in JLR and India PV divisions. Revenue from operations is likely to rise 3% year-on-year (YoY), according to an average estimate of four brokerages, while profit after tax (PAT) may decline 14% YoY.

Finance Minister, Nirmala Sitharaman also has a unique place in the world of finance and stock markets. In September 2019, she announced a bold corporate tax rate cut from 30% to 22% for existing companies. The announcement electrified the stock markets, causing the Sensex and Nifty to skyrocket. The explosive market reaction was so unprecedented that traders and analysts began referring to the candlestick pattern formed on that day as the “Sitharaman Candle”. This candlestick pattern symbolizes the power of transformative economic policy and its immediate impact on investor sentiment. It serves as a reminder of how one well-timed and impactful decision can create ripples across the market.

RBI) infused Rs 1.5 lakh crore worth of liquidity into the banking system, sparking a rally in stocks of banks and NBFCs. Shares of HDFC Bank, AU Small Finance Bank, and IDFC First Bank surged around 3% each, while IndusInd Bank and ICICI Bank also rose by about 2%.

Axis Bank Ltd.(up 3.32 per cent), HDFC Bank Ltd.(up 3.08 per cent), IDFC First Bank Ltd.(up 2.86 per cent), Au Small Finance Bank Ltd.(up 2.6 per cent) and ICICI Bank Ltd.(up 2.59 per cent) were among the top gainers.