Enterprise Financial News

Gopal Snacks Ltd.(up 2.22%), Adani Wilmar Ltd.(up 2.03%), Nakoda Group Of Industries Ltd.(up 1.23%), Dangee Dums Ltd.(up 1.01%), Patanjali Foods Ltd.(up 0.99%), Tata Consumer Products Ltd.(up 0.94%), Colgate-Palmolive(India)Ltd.(up 0.93%), Marico Ltd.(up 0.70%), Vadilal Industries Ltd.(up 0.68%) and Dodla Dairy Ltd.(up 0.66%) were among the top gainers.

The NSE Nifty index traded 174.35 points down at 23170.4, while BSE Sensex was 729.04 points at 76344.4 as of 10:27AM(IST)on January 21.

buy call on Reliance Industries with a target price of Rs 1,600. The current market price of Reliance Industries is Rs 1306.6. Reliance Industries, incorporated in 1973, is a Large Cap company with a market cap of Rs 1770034.38 crore, operating in the Diversified sector. Reliance Industries' key products/revenue segments include Petrochemicals, Other Services, Oil & Gas, Others and Income from Retailing for the year ending 31-Mar-2024.

chief economic advisor (CEA) V Anantha Nageswaran said on Monday, making a case for drastic deregulations.

DLF Ltd.(up 1.15 per cent), Macrotech Developers Ltd.(up 0.6 per cent), Godrej Properties Ltd.(up 0.45 per cent), Sobha Ltd.(up 0.3 per cent) and Brigade Enterprises Ltd.(up 0.27 per cent) were among the top gainers.

Chinese investments in the U.S. have dramatically declined since Donald Trump's first term. This trend is unlikely to reverse as Trump returns to the White House, analysts said.

BFSI) and rupee depreciation in a seasonally weak third quarter (Q3) of the financial year has brightened prospects for India's $254 billion outsourcing industry. This, along with growing momentum for artificial intelligence (AI) adoption across enterprises, has put growth in core markets on track for 2025. Top six software service providers, reporting earnings over the past two weeks, have witnessed revival in the key regions and business verticals of North America and BFSI, with at least three companies — Infosys, HCLTech and Wipro — upgrading guidance, although manufacturing continues to be soft in Europe. «The December 2024 quarter earnings of major Indian service providers — Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro and TechM — indicated signs of recovery, though the current growth and margins performance was tepid,» said Prashant Shukla, vice president at Everest Group.

Dabur — to acquire an additional 26 per cent stake in NBFC firm Religare Enterprises Ltd (REL).

They added that Jio's low (1.3 million net) mobile user additions despite it not raising tariffs for feature phone users last July was a «negative surprise».

Subscribe to enjoy similar stories. After a year of record fundraising through initial public offerings (IPO), merchant bankers are expecting domestic IPOs to gather more steam in 2025, with increasing funding demand from tier-II companies. “At this point of time, our estimates suggest around $35 billion (worth of) IPOs (planned) in the current calendar year," Kaushal Shah, managing director and head of equity capital markets at Kotak Mahindra Capital Co.

Macrotech Developers Ltd.(up 5.25 per cent), Prestige Estates Projects Ltd.(up 1.48 per cent), DLF Ltd.(up 1.46 per cent), Oberoi Realty Ltd.(up 1.38 per cent) and Godrej Properties Ltd.(up 1.12 per cent) were among the top gainers.

Subscribe to enjoy similar stories. New Delhi: The government is looking at a second window for the Trade Receivables Discounting System (TReDs) to allow transactions of as low as ₹1 lakh to ₹10 lakh, two officials said. It is also looking at including a credit guarantee scheme into it, the officials added.

Hindenburg Research, the controversial short-selling firm, winds down, the impact of its stinging report on the share prices of Adani Group, one of its most notable targets, still lingers. The group's total market value is still 34% below the levels when the Hindenburg report was released on January 24, 2023, accusing the conglomerate of 'stock price manipulation' and 'accounting fraud'. The silver lining is that the conglomerate's financial parameters are pointing to better health. Out of the 11 Adani stocks listed then, seven are yet to recover to the pre-Hindenburg levels though the Nifty index has rallied 29% since then. Three stocks, such as Adani Total Gas, Adani Energy Solutions, and Adani Wilmar, are trading 50-83% lower; while NDTV, Adani Green and Adani Enterprise are down by 30-50%. Adani Power has doubled since the Hindenburg report while Adani Port gained 48%.

Shares of Brigade Enterprises Ltd.(up 3.09 per cent), Godrej Properties Ltd.(up 2.47 per cent), Mahindra Lifespace Developers Ltd.(up 1.56 per cent), DLF Ltd.(up 0.83 per cent) and Prestige Estates Projects Ltd.(up 0.73 per cent) ended the day as top gainers in the pack.

Tech Mahindra’s revenue may grow between 0.7% and 2.6% year-on-year according to estimates of five brokerages. The topline could be in the range of Rs 13,200 crore — Rs 13,436 crore. Tech Mahindra’s adjusted net profit for Q3FY25 is seen to grow in a wide range of 42% to 102%, the estimates revealed. The bottom line could be between Rs 976 crore and Rs 1,040.

Benchmark NSE Nifty index rose 61.55 points to 23237.6 amid buying in frontline bluechip stocks.

earnings season is underway and about 24 companies will announce their quarterly numbers on Wednesday. Key results to watch out include from HDFC Life, L&T Tech and Bank of Maharashtra. Apart from the above, companies like CEAT, Nelco, Oriental Hotels, Indiabulls Enterprises, Aeroflex Industries, Oracle Financial and several others will also declare their results.

Subscribe to enjoy similar stories. New Delhi: The government may accord industry status to waste management and recycling businesses, two people aware of the development said, amid a push for circular economy. This has been a long-standing demand of the waste management sector, as an industry status helps businesses get easier access to cheaper bank loans.

JHS Svendgaard Laboratories Ltd.(up 4.69%), Umang Dairies Ltd.(up 4.64%), Vadilal Industries Ltd.(up 3.57%), Heritage Foods Ltd.(up 3.56%), Sheetal Cool Products Ltd.(up 3.30%), Nakoda Group Of Industries Ltd.(up 3.09%), Patanjali Foods Ltd.(up 2.82%), Prataap Snacks Ltd.(up 2.69%), ADF Foods Ltd.(up 2.62%) and Dodla Dairy Ltd.(up 2.52%) stood among the top gainers.

NMDC Ltd.(up 5.60%), Sandur Manganese & Iron Ores Ltd.(up 5.13%), Aro Granite Industries Ltd.(up 4.27%), Gujarat Mineral Development Corporation Ltd.(up 3.74%), KIOCL Ltd.(up 3.62%), Lexus Granito(India)Ltd.(up 3.52%), Oriental Trimex Ltd.(up 3.50%), The Orissa Minerals Development Company Ltd.(up 3.10%), Madhav Marbles & Granites Ltd.(up 2.05%) and MOIL Ltd.(up 1.88%) stood among the top gainers.

90-hour workweek controversy, ITC Ltd Chairman Sanjiv Puri said empowering employees to realise their potential and accomplish their jobs well was more important than the number of hours put in. «We would not do that,» he said on not asking employees to put in a particular number of hours at work. We would rather like people to be part of the journey (of the company) and feel passionately involved and kind of feel the urge amongst themselves to make a difference to the enterprise. That's how we look at it".