Experts Financial News

PI Industries Ltd. 0.19 per cent to Rs 3453.40 at 01:13PM (IST) in Thursday's trade. The counter has hit a high of Rs 3512.50 and low of Rs 3447.00 so far during the session. The stock had closed at Rs 3460.25 in the previous session. The counter has had a total traded volume of 4264 shares so far with a value of Rs 1.47 crore on the NSE. It traded at a price-to-earnings multiple of 29.52 and a price-to-book ratio of 6.74.

Havells India Ltd. 1.37 per cent to Rs 1548.60 at 01:02PM (IST) in Thursday's trade. The stock hit a high of Rs 1557.50 and low of Rs 1525.00 so far during the session. The stock had closed at Rs 1527.65 in the previous session. The counter had a total traded volume of 01:02PM shares so far with a turnover of Rs 2.93 crore on BSE. The stock traded at a price-to-earnings multiple of 68.63 and a price-to-book ratio of 12.75.

ACC Ltd. 2.62 per cent to Rs 2024.10 in Thursday's trade as of 10:40AM (IST). The stock hit a high price of Rs 2054.00 and low of Rs 2004.05 during the session.

Azad Engineering surged as much as 9.5% on Thursday to Rs 1,732.55 on the BSE after the company secured a Rs 960 crore supply deal with GE Vernova International LLC, USA, to deliver complex rotating and stationary airfoils for advanced gas turbine engines. The long-term supply agreement, valued at $112 million (approximately Rs 960 crore), spans six years and involves the delivery of specialized rotating and stationary airfoils for advanced gas turbine engines, the company said in a press release to the bourses.

Groww Mutual Fund's New Fund Offer of Groww Nifty India Railways PSU Index Fund, Groww Nifty India Railways PSU ETF are open for subscription and will close for subscription on January 30. The schemes will be benchmarked against the Nifty India Railways PSU Index – TRI and will be managed by Abhishek Jain.

Magadh Sugar & Energy Ltd.(up 5.59%), Dhampur Sugar Mills Ltd.(up 4.97%), Rana Sugars Ltd.(up 4.50%), Dalmia Bharat Sugar and Industries Ltd.(up 4.43%), Uttam Sugar Mills Ltd.(up 4.28%), Bajaj Hindusthan Sugar Ltd.(up 3.95%), Mawana Sugars Ltd.(up 3.90%), Kothari Sugars & Chemicals Ltd.(up 3.73%), Shree Renuka Sugars Ltd.(up 3.68%) and Rajshree Sugars & Chemicals Ltd.(up 3.63%) were among the top gainers.

Shares of One97 Communications, parent company of mobile payment application Paytm, climbed as much as 8% on Thursday to Rs 926.95 on the BSE. The rally in the stock price followed brokerage firm Emkay Global upgrading the stock to 'buy' from its earlier rating of 'add', at a target price of Rs 1,050, which implies a potential upside of over 13% from the stock’s current levels. The brokerage increased its target price on Paytm by 40% to Rs 1,050 from Rs 750 earlier. However, this revised target price remains well below Paytm's recent peak of Rs 1,062.95 reached on December 17 last year. Despite a recent decline of nearly 20% from those levels, Emkay sees the current valuation as attractive for investors.

China finished the year strong after some companies stockpiled shipments of apparel, toys, furniture and electronics ahead of President-elect Donald Trump's plan to impose new tariffs that could revive a trade war between the world's economic superpowers.

The settlement, finalised on Wednesday, involves SEFE Marketing paying $285 million to GAIL (India), marking a resolution to the dispute. The agreement also includes the withdrawal of the arbitration proceedings before the London Court of International Arbitration.

Swiggy may remain in focus on Thursday, January 16, after the company informed that the Ministry of Corporate Affairs approved the incorporation of its new subsidiary Swiggy Sports Private Limited. “In compliance with Regulation 30 read with Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that Ministry of Corporate Affairs, Central Processing Centre has approved incorporation of Swiggy Sports Private Limited, a wholly owned subsidiary of the Company, today, January 15, 2025,” said Swiggy in its filing to the exchanges.

buy call on Biocon with a target price of Rs 430. The current market price of Biocon is Rs 382.8. Biocon, incorporated in 1978, is a Large Cap company with a market cap of Rs 45970.97 crore, operating in the pharmaceuticals sector. Biocon's key products/revenue segments include Bio Pharmaceuticals, Other Operating Revenue, Waste and Sale of services for the year ending 31-Mar-2024.

India VIX, the market's barometer for volatility, dipped by 1.1% to 15.30, indicating easing investor apprehension. Experts suggest that historically, VIX levels above 15 imply heightened market turbulence.

CEAT shares will remain in focus on Thursday, January 16, after the company reported a 46.48% decline in consolidated net profit to Rs 97.03 crore for the third quarter ended December 31, impacted by high raw material costs. The company had posted a consolidated net profit of Rs 181.28 crore in the same quarter last fiscal. Meanwhile, its consolidated revenue from operations stood at Rs 3,299.9 crore, compared to Rs 2,963.14 crore in the year-ago period.

Sugar stocks such as Praj Industries, Balrampur Chini, Bajaj Hindustan Sugar, and Dalmia Bharat will be in focus after Union Minister Nitin Gadkari announced that India is set to achieve its 20% ethanol blending target within the next two months. The practice of blending ethanol with petrol began as a pilot project in 2001. «We will achieve this target of 20% ethanol blending in the next two months. The use of E20 (petrol with 20% ethanol) will help in reducing pollution,» Gadkari said while speaking at an event.

Joe Biden and Donald Trump's Mideast envoys — but even then it seemed it might come apart at the last minute.

Mistral AI has swiftly staked out a place as the great European hope contending with US giants dominating the sector.

Abheek Barua, Independent Economist, says the issue lies with mass consumption, which doesn't just involve the very poor but mainly affects the lower middle class. Particularly, when income rises from Rs 15 lakh to over Rs 15 lakh, there is a significant increase in the tax rate. This is a point that could catch the finance minister's eye. Whether it's a small adjustment or a direct tax cut, it serves as a crucial fiscal measure to counter economic downturns. Barua anticipates some action in this area. Consumption has taken a hit over the last few years. What are your expectations with respect to income tax tweaks that could come in in the Budget? Do you expect some relief? Sources, in fact, are telling us that perhaps some tweaks for lower income class could come in. Do you expect that, especially with the objective of boosting mass consumption? Abheek Barua: I think you are spot on. The problem is with mass consumption and mass consumption does not refer to the absolute bottom of the pyramid, but really to the lower tiers of the middle class and especially when you move from Rs 15 lakh to Rs 15 lakh plus, there is a very large jump in the tax rate. That is one area that could get the finance minister's attention.

US core inflation kept alive the prospect of Federal Reserve rate cuts this year. Benchmarks in Australia, Japan and South Korea all notched gains. The S&P 500 closed Wednesday 1.8% higher, the benchmark’s best day since the November election, which erased its 2025 decline. The tech-heavy Nasdaq 100 climbed 2.3%.

RIL, Infosys, GAIL, Axis Bank, HDFC Life among others will be in focus due to various news developments and third quarter results. RIL, Infosys, Axis Bank, LTIMindtree Shares of RIL, Infosys, Axis Bank and LTIMindtree will be in focus as the companies will announce their third quarter earnings today.

Here's breaking down the pre-market actions: