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Bank of Baroda's (BoB’s) Q3FY25 global business grew by 11.74% year-on-year to Rs 25.64 lakh crore versus Rs 22.94 lakh crore reported by the state lender in the year-ago period. In this, the global advances surged 11.65% YoY to Rs 11.72 lakh crore in the quarter ended December 31, 2024, up from Rs 10.49 lakh crore in Q3FY24, the company informed the exchanges after market hours. Meanwhile, global deposits of the bank grew by 11.82% YoY in the said quarter to Rs 13.92 lakh crore versus Rs 12.45 lakh crore in the corresponding quarter of the previous financial year.

Marico on Friday estimated its consolidated quarterly revenue will rise in the mid-teen percentage range, boosted by improving rural consumption and higher demand for its Parachute and Saffola brands of oils. Cooking oil has largely withstood a broader slowdown among branded consumer goods due to its essential nature, according to analysts, even as brands raised prices in recent months to make up for higher ingredient costs.

Subscribe to enjoy similar stories. Tesla sold fewer cars in 2024 than it did the year before. Yet the company is worth about 53% more now.

On the BSE, Superior Finlease(down 12.97 per cent), Parker Agrochem(down 12.73 per cent), Ascensive Educare(down 12.47 per cent), Sonalis Consumer Pro(down 10.00 per cent) and Rose Merc. Ltd.(down 9.87 per cent) stood among the top losers in today's trade.

Dalal Street and deal-making activity recording its busiest year ever, investment bankers are estimated to have earned $1.3 billion in fees last year. Kotak Mahindra Bank took the top position for overall investment banking fee ranking in India with a total of $92.8 million, accounting for 7.2% wallet share of India's investment banking fee pool, showed data from LSEG.

IT stocks, as investors remained cautious ahead of the corporate earnings season starting next week. The benchmark BSE Sensex lost 720.60 points or 0.90% to close at 79,223.11, while the broader Nifty 50 index closed at 24,004.75, lower by 183.90 points or 0.76%.

Shares of Punjab National Bank(up 0.88 per cent), IndusInd Bank Ltd.(up 0.67 per cent), IDFC First Bank Ltd.(up 0.62 per cent), Au Small Finance Bank Ltd.(up 0.45 per cent) and Canara Bank(up 0.35 per cent) ended the day as top gainers in the pack.

Subscribe to enjoy similar stories. China started the year with a broadside against U.S. defense contractors, responding to recently ramped-up Taiwan arms sales by the Biden administration and laying down a fresh warning to President-elect Donald Trump of tools Beijing can use to protect national interests.

Subscribe to enjoy similar stories. The last few months of 2024 saw some turbulence in global equity markets due to various factors, leading to a correction in stocks. India’s share in global market capitalization has dipped to 4.2% in December from its August peak of 4.6%, as global equity markets faced turbulence, showed an analysis by Motilal Oswal Financial Services Ltd.

Subscribe to enjoy similar stories. The Indian auto industry's performance is widely tracked, with millions of vehicles including trucks, buses, cars, three-wheelers, scooters and bikes sold every year. India is the world’s second-largest manufacturer of two-wheelers, third-largest manufacturer of passenger cars, and largest manufacturer of three-wheelers.

LTIMindtree Ltd. 0.29 per cent to Rs 5734.90 at 12:49PM (IST) in Friday's trade. The stock has hit a high of Rs 5789.55 and low of Rs 5700.50 so far during the session. The stock had closed at Rs 5752.00 in the previous session. The counter has had a total traded volume of 3703 shares so far with a value of Rs 2.12 crore on the NSE. It traded at a price-to-earnings multiple of 36.42 and a price-to-book ratio of 7.30.

Subscribe to enjoy similar stories. India’s capital markets watchdog has unearthed a sophisticated trading web linking a convicted stock market manipulator, a Singapore-based trader, and a US fund’s confidential orders. This alleged front-running scheme, involving Ketan Parekh and Rohit Salgaocar, has brought the regulator's unrelenting pursuit of financial malpractice into the spotlight.

The NSE Nifty index was trading 150.75 points down at 24037.9, while BSE Sensex was 536.61 points at 79407.1 at the time of writing this report.

KPI Green Energy shares started trading on an ex-bonus basis on Friday for their 1:2 bonus share issue. The stock dropped 2.4% to its intraday low of Rs 558.60 on the BSE. “Pursuant to Regulation 42 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant provisions of the Companies Act, 2013 and Rules made thereunder, the Company has fixed Friday, January 03, 2025, as the ‘Record Date’ for determining the eligibility of Shareholders entitled for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) Equity Shares of Rs. 5/- (Rupees Five only) each for every 2 (Two) existing Equity Share of Rs. 5/- (Rupees Five only) each,” the company said in an exchange filing.

Cummins India Ltd. 0.86 per cent to Rs 3226.40 at 11:12AM (IST) in Friday's trade. The counter has hit a high of Rs 3299.35 and low of Rs 3226.40 so far during the session. The stock had closed at Rs 3254.50 in the previous session. The counter has had a total traded volume of 1527 shares so far with a value of Rs 0.50 crore on the NSE. It traded at a price-to-earnings multiple of 46.02 and a price-to-book ratio of 12.61.

Oil and Natural Gas Corp (ONGC) climbed as much as 3.7% on Friday to Rs 255.20 on BSE after global brokerage firm Jefferies reiterated its «buy» rating on the stock at a target price of Rs 375, reflecting significant potential upside of 47% from the current levels. Jefferies said that the recent 30% correction in ONGC's stock price over the last three months appears unwarranted, attributing it to a 10% decline in crude oil prices. However, the brokerage firm noted that the earnings impact from this correction is minimal, with a reduction of only about 2%.

Magadh Sugar & Energy Ltd.(up 1.73%), Simbhaoli Sugars Ltd.(up 1.60%), Rajshree Sugars & Chemicals Ltd.(up 1.35%), Kothari Sugars & Chemicals Ltd.(up 1.28%), Vishwaraj Sugar Industries Ltd.(up 1.13%), Bajaj Hindusthan Sugar Ltd.(up 1.11%), Rana Sugars Ltd.(up 0.85%), Dalmia Bharat Sugar and Industries Ltd.(up 0.80%), Shree Renuka Sugars Ltd.(up 0.80%) and Ugar Sugar Works Ltd.(up 0.77%) were among the top gainers.

Stocks that rallied over 10% included, Avenue Supermart(13.64%), Astec Lifesc(13.59%), Ashiana Ispat(11.94%), Rasi Electrodes(11.11%), Pasari Spinning(11.03%), Jayaswal Neco(11.02%) and Uma Exports(10.82%).

Adani Power Ltd. traded 0.6 per cent at Rs 524.85 at 10:36AM (IST) on Friday, even as BSE benchmark Sensex 623.55 points to 79320.16. The scrip had settled at Rs 521.70 in the previous session. The stock quoted a 52-week high and 52-week low of Rs 896.75 and Rs 430.85, respectively.

Tata Power Company Ltd. 0.21 per cent to Rs 396.40 at 10:41AM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 302,364 shares with a turnover of Rs 12.07 crore till 10:41AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 33.87, while the price-to-book value ratio stood at 3.89.

Bank of Baroda 0.55 per cent to Rs 242.55 at 10:31AM (IST) in Friday's trade. The stock hit a high of Rs 245.10 and low of Rs 241.45 so far during the session. The stock had closed at Rs 241.20 in the previous session. The counter had a total traded volume of 10:31AM shares so far with a turnover of Rs 4.58 crore on BSE. The stock traded at a price-to-earnings multiple of 6.28 and a price-to-book ratio of 1.14.