Experts Financial News

Union Mutual Fund has launched Union Short Duration fund, an open-ended short-term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between one year to three years with a high-interest rate risk and moderate credit risk.

Gujarat State Fertilizer & Chemicals Ltd.(up 7.36%), The Fertilisers and Chemicals Travancore Ltd.(up 4.79%), Southern Petrochemicals Industries Corporation Ltd.(up 3.07%), Rashtriya Chemicals & Fertilizers Ltd.(up 2.90%), Madras Fertilizers Ltd.(up 2.62%), Nagarjuna Fertilizers and Chemicals Ltd.(up 2.50%), Paradeep Phosphates Ltd.(up 2.49%), Zuari Agro Chemicals Ltd.(up 2.44%), Gujarat Narmada Valley Fertilizers & Chemicals Ltd.(up 2.18%) and Krishana Phoschem Ltd.(up 1.81%) stood among the top gainers.

JSW MG Motor India on Friday announced their foray into the 'accessible luxury' electric car segment with the unveiling of two new models — MG Cyberster, India's first all-electric Roadster and the MG M9, the first electric three-row limousine, slated to be launched this year. Accessible luxury is usually referred to high-quality products that are priced lower than traditional luxury goods.

The company aims to raise Rs 40 crore entirely through a fresh issue of 31.25 lakh shares, and its stock will get listed on the NSE SME platform on January 22.

From this critical support level, the stock strongly rebounded, forming a «Three White Soldiers» candlestick pattern on the daily chart, accompanied by significant volume.

Adani Power Ltd. traded at Rs 555.60 on BSE at 12:12PM (IST) on Friday, 1.27 per cent from previous close. The stock quoted a 52-week low price of Rs 430.85 and a high of Rs 896.75.

Trump may have already extended from Silicon Valley to Brussels.

Indian Hotels Company Ltd. traded 0.78 per cent up at Rs 805.30 at around 12:32PM (IST) on Friday. The stock had closed at Rs 811.70 in the previous session. Equity benchmark Sensex traded 373.53 points at 76669.29 around the same time.

L&T Technology Services Ltd.(up 2.31 per cent) were among the top gainers.

Cummins India Ltd. 0.31 per cent to Rs 2916.50 in Friday's trade as of 11:01AM (IST). The stock hit a high price of Rs 2960.00 and low of Rs 2906.05 during the session. The return on equity (ROE) for the stock stood at 26.02 per cent. Traded volume on the counter stood at 11:01AM shares and turnover at Rs 0.43 crore around that time. The stock of Cummins India Ltd. quoted a 52-week high price of Rs 4169.50 and 52-week low prices of Rs 1949.65, respectively.

were among the top gainers.

Tata Power Company Ltd. traded 0.05 per cent up at Rs 368.75 at around 11:11AM (IST) on Friday. The stock had closed at Rs 368.95 in the previous session. Equity benchmark Sensex traded 679.21 points at 76363.61 around the same time.

Bannari Amman Sugars Ltd.(up 1.28%), Simbhaoli Sugars Ltd.(up 0.83%) and DCM Shriram Industries Ltd.(up 0.12%) were among the top gainers.

Tube Investments of India Ltd. 2.61 per cent to Rs 3410.45 at 10:10AM (IST) in Friday's trade. The stock has hit a high of Rs 3410.50 and low of Rs 3321.70 so far during the session. The stock had closed at Rs 3323.60 in the previous session. The counter has had a total traded volume of 2696 shares so far with a value of Rs 0.91 crore on the NSE. It traded at a price-to-earnings multiple of 57.06 and a price-to-book ratio of 14.15.

«On the other side, the consumer facing businesses both the Jio platform as well as retail, Jio platform in particular I think because of the better mix as far as the customers are concerned and at the same time higher ARPU that they have been blocking have produced good numbers,» says Deven Choksey, MD, DRChoksey FinServ Pvt. Ltd. What were you pleasantly surprised by, the refining business or the strength in the retail business? Deven Choksey: Well, I guess, the refining business, we were very clear that the O2C business would probably have relatively better quarter compared to the second quarter.

Stocks that rallied over 10% included, IEL Ltd.(14.51%), Bajaj Healthcare(13.74%), Silverpoint Infratech(12.04%), Hindustan Motor(10.62%), TGB Banquets(10.33%) and Metal Coatings(10.07%).

Info Edge (India) Ltd. traded 1.72 per cent in Friday's trade at 10:15AM (IST). Around 1,230 shares changed hands on the counter. The counter opened at Rs 7687.35 and touched an intraday high and low of Rs 7776.95 and Rs 7622.05, respectively, in the session so far. The stock of Info Edge (India) Ltd. quoted a 52-week high of Rs 9194.95 and a 52-week low of Rs 4868.50.

Cameron Brandt of EPFR Global says there is a strong inclination to return to emerging markets. However, the current appeal of the United States, at least in the short term, is so compelling that it is challenging for investors to overlook it in favor of emerging market narratives. The aspects of these narratives that hold credibility have recently experienced significant price increases. This interest is particularly focused on the major emerging markets in Asia, including India, China, Korea, and Taiwan, where substantial capital has been directed. What is the sense that you are getting? Is the dollar going to peak out anytime soon? Cameron Brandt: My sense is certainly that it has further to go and as much as there is a consistent theme for mutual fund and ETF flows, it is towards US mandated equity and bond funds.

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.

Reliance Industries' telecom and digital businesses, posted a 26% on-year rise in net profit in the fiscal third quarter, on the back of the tariff hikes of July 2024, subscriber additions and strong data usage growth. The rate hikes partly helped Jio grow average revenue per user(ARPU) 4.2% on-quarter to ₹203.3. But the full beneficial impact of the price hikes will be staggered, and likely to come through Q4FY25 and Q1FY26, since Jio has a higher share of subscribers on longer-validity plans compared to Bharti Airtel or Vodafone Idea, said analysts.