Experts Financial News

Zensar Technologies zoomed nearly 10% to an intraday high of Rs 846.85 on the BSE today after announcing its financial results for Q3FY25 on Wednesday, wherein the company reported a strong performance, with revenue reaching Rs 1,325.6 crore, an increase of 10.1% year-on-year (YoY). Meanwhile, the EBITDA for the quarter stood at Rs 207 crore, while the EBIT reached Rs 183.3 crore

Vikas Khemani, Founder, Carnelian Asset Management, says in India, both capital gains tax and STT exist, which is strange. STT was introduced when capital gains were removed. Now that capital gains are back, STT is still here. The STT collections are around Rs 35,000-40,000 crore. It is unfair to keep both taxes. It would be better if the government eliminated one of them. This year, Khemani expects personal income tax to decrease because our personal income tax rates are quite high.

Hindustan Unilever Ltd. (HUL) shares are set to remain in the spotlight on Thursday, January 23, following the company's Q3 results. HUL reported a 19% year-on-year (YoY) rise in net profit to Rs 3,001 crore, surpassing Street estimates. This growth was primarily driven by a one-time gain of Rs 509 crore from the divestment of its Pureit business, while profit before exceptional items (PAT bei) remained flat. Sales grew by 2% YoY to Rs 15,195 crore during the quarter. However, underlying volume growth (UVG) remained flat, with competitive absolute volume growth offset by a negative product mix.

Persistent Systems shares will be in the spotlight on Thursday, January 23, after the company reported a 30.4% year-on-year (YoY) jump in net profit to Rs 373 crore for the third quarter ended December 31, 2024. The impressive growth was driven by its AI-led, platform-driven services strategy, despite a seasonally weak quarter for the IT sector. The company's consolidated revenue for Q3 grew 22.6% YoY to Rs 3,062.28 crore, marking a 5.7% sequential increase. Operating margins also improved by 90 basis points to 14.9%, after remaining flat at 14% for the previous two quarters.

buy call on Zomato with a target price of Rs 270. The current market price of Zomato is Rs 207.95. Zomato., incorporated in 2010, is a Small Cap company with a market cap of Rs 200872.05 crore, operating in Services sector. Zomato's key products/revenue segments include Service Revenue, Royalty Income, Traded Goods for the year ending 31-Mar-2024.

Bharat Petroleum Corporation Ltd (BPCL) reported a 20% year-on-year (YoY) increase in net profit for the December quarter, driven by higher margins. The company posted a consolidated net profit of Rs 3,805.94 crore for the October-December period of FY24, compared to Rs 3,181.42 crore in the same period last year. However, this was below Street estimates of Rs 5,200 crore.

₹85-90 per share for its initial public offering (IPO).Stallion India IPO consists of a fresh issuance of 1.78 crore equity shares along with an offer-for-sale (OFS) of 43.02 lakh shares from promoter Shazad Sheriar Rustomji.The funds raised from this offering will be utilized for working capital needs, capital expenditures for the company’s planned facilities in Maharashtra and Andhra Pradesh, and other general corporate purposes.Sarthi Capital Advisors serves as the sole book-running lead manager, while Bigshare Services acts as the registrar for the issue.Stay tuned for more updatesStallion India IPO GMP today or grey market premium is +35. This indicates Stallion India share price were trading at a premium of ₹35 in the grey market, according to investorgain.com.Considering the upper end of the IPO price band and the current premium in the grey market, the estimated listing price of Stallion India share price was indicated at ₹125 apiece, which is 38.89% higher than the IPO price of ₹90.'Grey market premium' indicates investors' readiness to pay more than the issue price.Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

artificial intelligence spending. Shares in Japan started the day higher but benchmarks in Australia and Korea slipped. The MSCI Asia Pacific index was flat. The tepid open for Asian markets came after the S&P 500 rose 0.6% on Wednesday, putting the index close to an all-time high.

Tata Sons is understood to be preparing for multiple scenarios, including a possible initial public offering (IPO), to ensure readiness amid growing pressure from 18.4% stakeholder, the Mistry family's Shapoorji Pallonji (SP) Group, to consider a share sale, said people with knowledge of the matter. Tata Sons is the holding company of the Tata Group. Tata Sons, Tata Trusts and the SP Group did not comment on the matter.

Ultratech, Dr Reddy's, HUL, Go Digit, Airtel among others will be in focus due to various news developments and third quarter results. Ultratech, Adani Green, Dr Reddy's Shares of Ultratech, Adani Green and Dr Reddy's will be in focus as the companies will announce their third quarter results later today.

Here's breaking down the pre-market actions:

Vivek Ramaswamy announced his departure from the Department of Government Efficiency (DOGE) just 69 days after being named co-head alongside tech billionaire Elon Musk. A recent report suggests it was Musk who pushed for Ramaswamy’s removal.

Digital payment companies are facing three big challenges--a shrinking revenue pie, increased regulatory scrutiny and increasing competition.

Gokaldas Exports (GEL) voted against four special resolutions related to the company's employee stock ownership plans (ESOPs), including a proposal to grant ESOPs exceeding 1% of equity to its managing director and vice chairperson Sivaramakrishnan Ganapathi. Although 63% of participating shareholders supported the resolutions, 37% voted against them. As these were special resolutions, they required at least three times more votes in favour than against to pass, which was not achieved.

were going towards building artificial intelligence infrastructure in the United States. The 'Stargate Project,' backed by top tech giants, will be a new company that intends to invest $500 billion over the next four years building new AI infrastructure in the US. This project is not only aimed at supporting the re-industrialisation of the United States but also to provide a strategic capability to protect the national security of America and its allies, OpenAI said. Here's why this is important:

industrial robotics startup Ati Motors has raised $20 million in a Series B funding round led by Walden Catalyst Ventures and NGP Capital.

systematic investment plan (SIP) of ₹ 250, calling it a sachetised mutual fund product.

Indian equities worth ₹36,082 crore across 19 sectors between January 1 and 15, according to NSDL data. Financial services continued to bear the brunt of unabated foreign selling, as these investors dumped shares worth ₹12,204 crore in the first 15 days of January after pumping over ₹3,000 crore into the sector in December. Overseas investors pulled out over ₹58,000 crore from the sector in 2024. «Financial services have significant weight in the index and are some of the most liquid counters, which explains why the foreign selloff is aggressive in the sector,» said Saurabh Patwa, portfolio manager and head of research at Quest Investment. «Banks have, however, relatively decent results and there could be a revival of foreign flows in the sector.»