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standalone billings of Rs 668.3 crore for the quarter ending December 31, 2024, marking a 15.8% year-on-year (YoY) increase. This is compared to Rs 576.9 crore in the same quarter of the previous year. Meanwhile, for the nine months ending December 31, 2024, the billings surged to Rs 1,897.9 crore, up from Rs 1,669 crore.

HDFC Securities has a buy call on Jyothy Labs with a target price of Rs 600. The current market price of Jyothy Labs is Rs 397.1. The company, incorporated in 1992, is a Mid Cap entity with a market cap of Rs 14614.90 crore, operating in the FMCG sector. Jyothy Labs' key products/revenue segments include Personal Care, Sale of services and Scrap for the year ending 31-Mar-2024.

Power Grid Corporation of India shares will remain in focus on Tuesday after the state-owned electric utility company was named the successful bidder under the Tariff Based Competitive Bidding (TBCB) process for two major projects aimed at enhancing India’s Inter-State Transmission System. The projects, to be executed under the Build, Own, Operate, and Transfer (BOOT) model, involve significant upgrades to substations in Gujarat and Karnataka.

Q3 results season, which kicks off on Thursday, January 9, with Tata Consultancy Services (TCS) announcing its December quarter results, foreign institutional investors (FIIs) have loaded up their portfolios with IT stocks worth over $1 billion. Out of the net investment of Rs 15,446 crore by FIIs in December, about two-thirds (Rs 9,050 crore) went into IT stocks, according to NSDL data.

Adani Power shares will remain in focus on Tuesday, January 7, after the Supreme Court on Monday agreed to examine the company's appeal against the Punjab State Electricity Regulatory Commission's (PSERC) refusal to approve a 2006 power purchase agreement (PPA) between the former Udupi Power Corp and a Punjab state discom. A Bench led by Justice PS Narasimha issued a notice to the Punjab State Electricity Regulatory Commission (PSERC) and Punjab State Power Corp (PSPCL) on Adani Power's appeal challenging the Appellate Tribunal for Electricity’s September order that upheld the Commission’s decision to refuse approval.

Jagsonpal Pharmaceuticals had announced a stock split in the ratio of 1:2.5 and fixed January 8 as the record date for determining the shareholder eligibility, which makes today the last day to buy the stock to qualify for the split offer. “Pursuant to Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that, the Board of Directors of the Company has passed the necessary resolution through Circular Resolution, on Tuesday, December 17, 2024 and has fixed the record date on Wednesday, January 8, 2025 for the purpose of Sub-division/Split of equity shares of the Company such that 1 (one) equity share having face value of Rs. 5/- (Rupees five only) each, fully paid-up, be sub-divided into such number of equity shares having face value of Rs. 2 (Rupee two only) each,” the company had said in a previous exchange filing.

Technichem Organics will debut on the BSE SME platform on Tuesday. Ahead of the listing, the company's shares are trading with a GMP of Rs 16 in the grey market. Considering the upper price band of Rs 71, the stock is expected to see a listing premium of 29% over the issue price.

One Mobikwik Systems will be in focus on Tuesday as the company will announce its first quarterly earnings post its listing on December 18, 2024. The company had posted a consolidated revenue of Rs 875 crore in FY24, marking a 62% growth over the previous year. Its net profit of Rs 14 crore in FY24, reversed from losses of Rs 84 crore in FY23.

Nifty 50 index closed below the crucial 200-DEMA on Monday, technical indicators present a mixed outlook for the market. The Relative Strength Index (RSI) currently stands at 40.7 — trending downward and indicating bearish momentum. In contrast, the Stochastic RSI showed a bullish crossover, hinting at a potential short-term recovery. This divergence in indicators suggests caution, as the market lacks a clear directional bias. The Nifty faced strong selling pressure throughout the session, struggling to sustain above the immediate resistance level of 24,000. It closed below 23,700 and breached the 200-day Exponential Moving Average (EMA), signalling a bearish trend. If the index fails to hold above current levels, further corrections could lead to the next support levels at 23,270 and 23,000. However, a decisive breakout above 24,000 remains critical to revive bullish momentum, said Mandar Bhojane of Choice Broking.

ICICI Securities on Monday settled a case pertaining to the alleged violation of stock brokers rules with capital markets regulator Sebi, after paying Rs 40.2 lakh towards settlement charges. The order came after ICICI Securities proposed to settle the matter without «admitting or denying the facts and conclusions of law», through a settlement order. «In view of the acceptance of the settlement terms… The adjudication proceedings initiated against applicant (ICICI Securities) vide show cause notice (SCN) dated May 17, 2024 is disposed of in terms of the settlement regulations,» Sebi's adjudicating officer Amit Kapoor said.

ITC Ltd completed today as ITC shares started trading ex-demerger after a special price discovery trading session. While ITC shares fell over 2% following the demerger amid broad-based weakness in the market, analysts are bullish both on ITC as well as ITC Hotel shares in the long run following completion of the value unlocking deal for 36 lakh shareholders. ITC share price got adjusted by Rs 26 on NSE and by Rs 27 on BSE in the special call auction session from 9 am to 10 am in which no trading was allowed.

safe-haven buying in gold, domestic brokerage firm ICICI Securities believes that the prices may hit Rs 85,000/10 g while silver prices may rally to Rs 1,10,000/kg, backed by rising industrial demand in the calendar year 2025. The domestic brokerage firm, in its report, stated the expectation of gold prices to rise towards the said target due to strong central bank buying and trade war concerns whereas silver’s rally towards the Rs 1,10,000 target is backed on expectations of market deficit and industrial demand.

This year, the same theme has languished at the bottom of the returns tables, as my colleague Sorin Dojan discovered. US equity funds deliver top performance in 2024 while Latin America and energy suffer In his analysis of the open-ended sector, global and clean energy trackers were among the biggest losers of the year, joined by rival trackers in the commodity space. Ben Yearsley, director at Fairview Investing, said: «Energy transition-related investments are having a torrid time,» adding: «It does not pay to be clean and green currently.» Going back to 2020 and the ESG boom, ...

Sensex and Nifty plunged 1.6% on Monday, certain hospital stocks attracted investors' attention after the government confirmed three confirmed cases of Human Metapneumovirus (HMPV) — 2 in Karnataka and one in Gujarat — amid reports of a virus outbreak creating havoc in China. Bengaluru-based Narayana Hrudayalaya shot up 3.4% to hit the day's high of Rs 1,355 on the NSE while Rainbow Childrens Medicare was up 4% in the intraday trade. Others including Apollo Hospitals, Aster DM Healthcare, Krishna Institute of Medical Science (KIMS) were up by up to 2% in the day's trade.

Fabtech Technologies was fully subscribed on Monday, with overall subscriptions of 94.08 times by 1:02 PM on the second day of bidding. The company aims to raise Rs 28 crore through the SME IPO, with shares set to list on the BSE SME platform. The retail portion of the issue was subscribed 158.99 times, while the non-institutional investors category was subscribed 70.93 times on the second day of bidding. Meanwhile, the allocation for qualified institutional bidders was booked 3.75 times.

The stock had been making higher highs and higher lows over the past few months on the daily timeframe, indicating sustained bullish momentum. Recently, it had consolidated near its immediate support zones and had shown a sharp upward move of nearly 10% in the last two weeks, suggesting renewed buying interest.

Au Small Finance Bank Ltd. 2.29 per cent to Rs 560.30 in Monday's session as of 12:27PM (IST) even as the equity benchmark Sensex traded 965.37 points at 78257.74. Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 813.00 and a 52-week low of Rs 534.00 on NSE. Around 65989 shares changed hands on the counter till 12:27PM (IST).

SBI Cards and Payment Services climbed as much as 5.1% on Monday to Rs 760.15 on the BSE after two brokerage firms Nomura and Nuvama upgraded the stock’s rating to 'buy’, while increasing their target prices to Rs 825 and Rs 850, respectively, signaling potential upsides between 8.5% and 12% from current levels. Japanese brokerage firm Nomura highlighted that several near-term concerns, particularly around asset quality, are expected to diminish for SBI Cards and Payment Services. The brokerage said that it has observed a growing concentration of credit card debt in metro regions since FY23, with the share of the top eight metro cities in new sourcing showing an upward trend.

InterGlobe Aviation Ltd. 3.83 per cent to Rs 4291.20 at 12:32PM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 17,344 shares with a turnover of Rs 7.52 crore till 12:32PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 25.06, while the price-to-book value ratio stood at 68.53.

Voltas Ltd. traded at Rs 1786.90 on BSE at 12:22PM (IST) on Monday, 2.44 per cent from previous close. The scrip quoted a 52-week low price of Rs 985.15 and a high of Rs 1946.20.

Bharat Electronics Ltd. 2.17 per cent to Rs 285.60 at 12:17PM (IST) in Monday's trade. The scrip has hit a high of Rs 292.40 and low of Rs 283.35 so far during the session. The stock had closed at Rs 291.95 in the previous session. The counter has had a total traded volume of 599792 shares so far with a value of Rs 17.24 crore on the NSE. It traded at a price-to-earnings multiple of 45.81 and a price-to-book ratio of 9.02.