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The NSE Nifty index traded 76.91 points up at 23232.25, while BSE Sensex was 234.69 points at 76639.68 as of 10:50AM(IST)on January 23.

NMDC Ltd.(up 4.24%), Ashapura Minechem Ltd.(up 2.16%), MOIL Ltd.(up 1.51%), Lexus Granito(India)Ltd.(up 1.27%), Coal India Ltd.(up 1.26%), Aro Granite Industries Ltd.(up 0.88%), KIOCL Ltd.(up 0.84%), Madhav Marbles & Granites Ltd.(up 0.64%), Gujarat Mineral Development Corporation Ltd.(up 0.61%) and Sandur Manganese & Iron Ores Ltd.(up 0.18%) were among the top gainers.

United Spirits Ltd. 1.63 per cent to Rs 1482.05 in Thursday's trade as of 10:51AM (IST) even as the benchmark Nifty ruled at 23230.0, 74.66 points. The scrip had closed at Rs 1458.20 in the previous session. The stock quoted a 52-week low of Rs 1055.65 and a high of Rs 1700.00. The company quoted a market-cap of Rs 107797.03 crore on the BSE.

SRF Ltd. traded 3.29 per cent up at Rs 2605.00 at around 10:39AM (IST) on Thursday. The stock had closed at Rs 2521.80 in the previous session. Equity benchmark Sensex traded 228.06 points at 76633.05 around the same time.

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.

Mangesh Bhadang, Senior VP, Centrum Broking, says December has seen substantial cement price hikes in the non-trade segment. There have been some hikes in the trade segment as well. That is going to have a very positive effect on the realisation of cement companies. So far, the higher prices have sustained and have been absorbed in the market. So, Q4 could be a bumper quarter after a long time for the cement sector. What do you make of the earnings that we have till now because overall in the last couple of months or so, we have seen a lot of these upgrades and positive notes flowing in on the cement counters where hopes were pinning on some of the price hike stability. Other than that, the realisation expectation was positive. But given the earnings disappointment, do you feel that the most of the disappointment in Q3 is already priced in and the analysts are now looking for the way forward in terms of better realisation and pricing? Mangesh Bhadang: As you rightly said, anyway we were expecting that Q3 will not be a blockbuster quarter, but because Q2 had been so weak, sequential improvement could definitely be there. Out of the cement results that have been declared, Dalmia Bharat probably was the right comparable to look at for the industry wide points that we can take out.

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!

Subscribe to enjoy similar stories. Companies are squeezing every efficiency out of their teams. More of them now figure the least they can do is give employees “unlimited" paid time off.

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:

Amazon Canada says it will close all seven of its Quebec warehouses and lay off staff over the next two months.

The rally in Canadian bank equities is at risk from a potential trade war that would quickly cause a surge in unemployment and loan defaults, analysts at National Bank of Canada said.

venture capital community has urged the government to rationalise the tax policies covering employee stock ownership plans (Esops) in the upcoming budget to avoid double taxation.