Trade Financial News

Tata Elxsi Ltd. 0.78 per cent to Rs 6740.45 at 11:21AM (IST) in Wednesday's trade. The scrip has hit a high of Rs 6899.95 and low of Rs 6716.65 so far during the session. The stock had closed at Rs 6794.00 in the previous session. The counter has had a total traded volume of 1376 shares so far with a value of Rs 0.94 crore on the NSE. It traded at a price-to-earnings multiple of 51.29 and a price-to-book ratio of 19.34.

Stocks that rallied over 10% included, 3i Infotech(14.82%), Hindprakash Ind(14.60%), Confidence Futuristic Energetech(13.75%), Megastar Foods(13.00%), Vishal Fabrics(12.30%), Duncan Engineering (12.19%), Strides Shasun (11.13%), Aravali Sec Fin(10.00%) and MIRC Electronic(10.00%).

Adani Power Ltd. traded 0.21 per cent up at Rs 528.00 at around 11:11AM (IST) on Wednesday. The stock had closed at Rs 529.15 in the previous session. Equity benchmark Sensex traded 419.54 points at 78558.55 around the same time.

Amnish Aggarwal, Head — Research, Prabhudas Lilladher, says ITC will retain a 40% stake in ITC Hotels, potentially reducing its sum of the parts (SOTP) valuation by Rs 15-17 post the latter’s listing. This makes the ITC Hotels listing a positive for shareholders. Three key events for ITC are: the demerger of ITC Hotels, a possible interim dividend in mid-February, and the upcoming Budget, which may affect duties. If excise duties remain unchanged in February, the stock could see double-digit returns, with a potential gain of around Rs 20 per share from the ITC Hotels listing. How is the year ahead going to pan out? Is it going to be as happy as the first half of 2024 or not quite? Amnish Aggarwal: In the next couple of months, I expect the markets to remain slightly volatile because the first factor to watch out for is Donald Trump summing reins as the US president. The second key factor to watch out for will be the Budget on 1st of February and then obviously the earning season is ahead of us. So, the next couple of months could be volatile but as we progress through the year, I expect the markets to not only stabilise but give double-digit returns in the coming year.

Zuari Agro Chemicals Ltd.(up 4.26%), Mangalore Chemicals & Fertilizers Ltd.(up 2.51%), Rashtriya Chemicals & Fertilizers Ltd.(up 2.13%), Agro Phos India Ltd.(up 1.92%), Paradeep Phosphates Ltd.(up 1.86%), Chambal Fertilisers & Chemicals Ltd.(up 1.53%), Southern Petrochemicals Industries Corporation Ltd.(up 1.44%), Gujarat State Fertilizer & Chemicals Ltd.(up 1.37%), Madras Fertilizers Ltd.(up 1.26%) and Coromandel International Ltd.(up 1.01%) were among the top gainers.

On the BSE, Sundaram Clayton(down 9.64 per cent), IB Infotech Enterprises(down 9.13 per cent), Sharad Fibres(down 8.79 per cent), Scanpoint Geo(down 8.75 per cent) and Transgene Biotek(down 8.49 per cent) were among the stocks that plunged over 5 per cent during the session.

Subscribe to enjoy similar stories. China’s go-go days are behind it as the world’s second-largest economy struggles with the bursting of the biggest real-estate bubble ever. Now, China’s goal of overtaking the U.S.

Mayuresh Joshi, Head Equity, Marketsmith India, says expect a lot of fireworks this year and markets are expected to remain volatile, at least in the first quarter of the next calendar year with Trump assuming US reins, soft earnings so far and the Budget at the beginning of February. But if earnings show signs of improvement as we head into Q4 and Q1 of the next financial year, we might see some respite going forward but the first quarter is going to be very volatile as far as the markets are concerned. Joshi also says that the power theme stands out in 2025. The entire ecosystem of power generators, power transmitters, EPC players, and financiers would continue doing well if the big picture argument of power for the next five years continues and the capital spend on power probably continues. What is the year ahead looking like? Is it anything close to a party or is it going to be a more sombre year? Mayuresh Joshi: It will be a party with a lot of fireworks to be honest. You never know what is going to happen. When Trump resumes office, the kind of tweets that you are initially seeing come through, what he probably imposes in terms of tariffs or otherwise, he is going to keep markets on their toes. But all the rhetoric might probably keep markets on track.

They can check the allotment status through the BSE or by visiting the registrar's website. Here's how you can check the status on BSE or even on the registrar's website.

Trump. The benchmark S&P 500 (.SPX), opens new tab was up 23.31% in 2024, even with a recent speed bump, marking its second-straight year of gains exceeding 20%, lifted by megacap tech stocks and excitement over the business potential of artificial intelligence.

The issue is completely a fresh issue of 48.30 lakh equity shares.

ITC shares will remain in focus on Wednesday as the much-awaited demerger of ITC Hotels comes into effect from today, January 1, but the record date for ITC shareholders would be January 6. Under the demerger scheme, ITC shareholders whose names will appear in the list of shareholders on January 6 will get one share of ITC Hotels for every 10 units of the parent company.

The retail portion witnessed a buoyant demand, getting subscribed by 7.22 times on day 1. Meanwhile, the NII quota was subscribed 9.48 times. As for the QIB portion, it was booked 4.55 times.

money gaming in India. 2024 closed on a grim note: GetMega, a firm which raised over $20 million from institutional and angel investors to grow its business and marshal lakhs of subscribers, has shut down.

startup funding and public listings, with more than double the number of new-age tech IPOs expected compared with 2024. Quick commerce will continue to take centrestage, with increasing investments and deals in the sector as investors focus on the growth potential of various rapid delivery models. Pre-IPO funding rounds and secondary transactions will remain key avenues for liquidity, as startups prepare for listings and attract fresh capital. Industry executives said that smaller IPOs will also gain prominence, offering diversified opportunities for new investors.

Wall Street lost ground on Tuesday as investors closed the book on a remarkable year for equities, during which the U.S. stock market was powered to record highs by the twin engines of the artificial-intelligence boom and the U.S. Federal Reserve's first interest rate cuts in three-and-a-half years. The three major U.S. stock indexes closed in negative territory, ending a languid, low-volume session that contrasted with the tumultuous year that preceded it.

Subscribe to enjoy similar stories. Wishing all our readers a very Happy New Year! As 2024 drew to a close, markets grappled with significant challenges: geopolitical instability, underwhelming Q2 earnings, foreign institutional investor (FII) outflows, volatility from central bank rate cuts, and tariff concerns over Donald Trump's policies.

Subscribe to enjoy similar stories. With technology upgrades and the launch of a new platform in 2023, followed by the introduction of new products, the Multi Commodity Exchange of India Ltd. (MCX) solidifies its position as the leading commodity derivatives exchange in India.

HOW SHOULD RETAIL INVESTORS APPROACH MARKETS IN 2025?

Vedanta, Stovec Industries, Balmer Lawrie Investments, VST Industries, Castrol India, ICICI Securities, and Swaraj Engines, among others, have consistently delivered over 100% dividends over the past five years. Dividend yields — a measure of how much a company pays out in dividends each year compared to its stock price — of these firms range between 3% and 6%.

The Macro Picture: