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Shoppers Stop climbed as much as 10.8% on Wednesday to Rs 688 on the BSE after the department store chain posted a nearly 41% year-on-year (YoY) rise in quarterly profit, after two straight quarters of loss, driven by strong demand for premium products such as watches and perfumes during the festive season. For the third quarter ending December 31, Shoppers Stop posted a consolidated net profit of Rs 522.3 million, compared to Rs 368.5 million in the same period last year. This marks a strong recovery following two consecutive quarters of losses.

Dixon Technologies may gain investor attention on Wednesday, January 15 as domestic brokerage firm Emkay has initiated coverage on the stock with a ‘buy’ rating and a target price of Rs 20,000, foreseeing a potential for 22% upside. Emkay has initiated coverage on Dixon Technologies citing strong growth prospects driven by several key factors. The brokerage firm highlights Dixon’s established leadership across various product verticals and its consistent expansion into adjacent markets as a key strength.

silver March futures contracts were trading at Rs 90,747/kg, up by 0.21% or Rs 191. Gold prices jumped by Rs 1,550/10 grams in the last one week while silver prices have largely traded flat, tumbling by Rs 191/kg in the same period.

energy stocks. The BSE Sensex rose 251 points, or 0.32%, to 76,748, while the Nifty50 gained 50 points, or 0.22%, to trade at 23,226 around 9:23 am.

Premier Energies are expected to remain in focus on Wednesday, January 15, after the company informed that it has won multiple orders amounting to Rs 1,460 crore from two Independent Power Producers (IPPs) and others. “In accordance with Regulation 30 and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that Premier Energies Global Environment Private Limited, Premier Energies International Private Limited, and Premier Energies Photovoltaic Private Limited, subsidiaries of Premier Energies Limited, have received and accepted multiple orders aggregating to Rs 1,460 crore from two large Independent Power Producers (IPPs) and others,” the company stated in its exchange filing.

Shark Tank India Season 4 highlighted the sharp mathematical skills of Azhar Iqubal, who caught everyone's attention with his quick analysis during a pitch. When entrepreneurs Ravi Kumar and Disha Katharani, founders of Mumbai-based Imagimake, presented their business, Azhar pointed out a subtle difference between two competing offers, showcasing his prowess in valuation metrics. His explanation brought laughter and admiration from the other Sharks, making him the star of the episode.

state-run banks via stake sales or the lenders themselves selling shares to large investors that will help them meet minimum public holding norms, according a government official.

Indian equity markets in 2025 especially in the second half as corporate earnings pick up and the euphoria of the Trump Presidency wanes in the US,” says Nishit Master, Portfolio Manager, Axis Securities PMS. In an interview with ETMarkets, Master said: “We expect India to be one of the fastest growing major economies for 2025 which will make it more attractive for FPIs as an investment destination especially since after the recent correction, market valuations have become more reasonable,” Edited excerpts:

Donald Trump prepares to assume office in five days, the cryptocurrency market is experiencing significant activity. Bitcoin recently reached a historic high of $108,200 in December, though it has since consolidated as investors took profits. Trump's perceived pro-crypto stance has generated optimism within the crypto community. His administration is expected to introduce crypto-friendly policies, potentially including the establishment of a national Bitcoin reserve and a more favorable regulatory environment.

IRFC) shares will remain in focus on Wednesday, January 15, after the firm emerged as the lowest bidder (L1) to finance Rs 3,167 crore for the development of the Banhardih coal block in Latehar District, Jharkhand. The project is being undertaken by Patratu Vidyut Utpadan Nigam Ltd (PVUNL), a joint venture between NTPC Ltd (holding a 74% equity stake) and Jharkhand Bijli Vitran Nigam Ltd (26% equity stake).

The Nifty futures closed positive with gains of 0.51% at 23,280 levels on Tuesday. The India VIX index declined by 3.30% to 15.47, signaling reduced market volatility.

buy call on Shriram Finance Ltd. with a target price of Rs 700. The current market price of Shriram Finance Ltd. is Rs 523.15. Shriram Finance, incorporated in 1979, is a Large Cap company with a market cap of Rs 98546.79 crore, operating in NBFC sector. Shriram Finance's key products/revenue segments include Interest, Other Operating Revenue, Fees & Commission Income, Income From Financial Services, Income From Sale Of Share & Securities, Dividend and Rental Income for the year ending 31-Mar-2024.

Adani Energy Solutions shares will remain in focus on Wednesday after the company won transmission projects worth Rs 28,455 crore in the quarter ended December 31, 2024, bolstering the company's under-construction project pipeline to Rs 54,700 crore from Rs 17,000 crore at the start of the year. In its Q3FY25 update filed to the exchanges on Tuesday, the Adani Group company said that it won two transmission projects — one was Khavda Phase IV Part-D with a project cost of Rs 3,455 crore and the second was Rajasthan Phase III Part-I (Bhadla – Fatehpur HVDC) with a preliminary project cost of Rs 25,000 crore.

Sampath Reddy, Founder & CIO, Azurean Investment Managers, says mid and smallcap banks or NBFCs or some of the affordable housing lenders may have the potential for much bigger returns, but the risks are also higher there. Within the overall lending space, he would prefer to stick to the larger private sector banks compared to NBFCs and other lenders. What is your reading of the market? Do you think much of the global and domestic parameters are in the price or could there be some more downticks in the days to come? Sampath Reddy: It is a little difficult to say how the excess valuation that is there in the mid and smallcap segments will be readjusted. Even with the yesterday's fall or last few days' fall, mid and smallcap companies, broader valuations of that segment as such still on the higher side, whether it will be a prolonged time correction or an accelerated growth in earnings, which way it will bring the overall multiples of the mid and smallcap segments is difficult to say but at this point of time with whatever the correction that we have seen so far, largecap segment looks very-very attractive.

Axis Securities has an overweight call on Lupin with a target price of Rs 2600. The current market price of Lupin is Rs 2160. Lupin, incorporated in 1983, is a Large Cap company with a market cap of Rs 99094.85 crore, operating in the pharmaceuticals sector. Lupin's key products/revenue segments include Pharmaceuticals, Other Services, Export Incentives, Other Operating Revenue and Scrap for the year ending 31-Mar-2024.

Rakesh Rawal, CEO, Anand Rathi Wealth, says expects to deliver the revised guidance that they have given of about Rs 900 plus crore of revenue and Rs 290 crore of profit. Sequentially, the numbers have come largely flattish. What led to this moderation? What is the expectation from Q4 now? Are you expecting a bit of a reversal or a recovery or do you anticipate more of the same? Rakesh Rawal: In our company, what we look for is year to year growth and that is why we have a very good first quarter and then we have flattish other quarters. From a year-to-year growth perspective, we have maintained the 30% plus growth in both revenues as well as in profits. We should be able to deliver the revised guidance that we have given of about Rs 900 plus crore of revenue and Rs 290 crore of profit.

Adani Green Energy shares will be in focus on Wednesday, January 15, after Adani Renewable Energy Forty-Eight Limited, a step-down subsidiary of Adani Green Energy Limited (AGEL), announced the commissioning of a 57.2 MW wind power component of its wind-solar hybrid project at Khavda, Gujarat. With this addition, AGEL’s total operational renewable generation capacity has risen to 11,666.1 MW, the company said in a regulatory filing. The plant is set to commence power generation on January 15, 2025, following the relevant clearances.

Subscribe to enjoy similar stories. Europe is beset by troubles, and the policies of the incoming Trump administration will deepen them. During his first term, Donald Trump insisted that the North Atlantic Treaty Organization's European members pay more for their own defense.

CESC and PCBL’s record date set for the interim dividends set as January 16, today makes it the last day for the investors to buy the shares of these companies in order to ensure their shareholding in the company's books for the eligibility to receive the said dividends. With the T+1 settlement system, the record date and ex-date usually fall on the same day. However, if a market holiday occurs immediately after the ex-date, they may differ.

U.S. Securities and Exchange Commission for having failed to timely disclose purchasing more than 5% of Twitter's common stock in March 2022. In a complaint filed in Washington, D.C., federal court, the SEC said the delay allowed Musk to continue buying Twitter shares at artificially low prices, allowing him to underpay by at least $150 million.