UPS Financial News

CSB Bank shares rose 6.5% to an intraday high of Rs 334.15 on the BSE on Thursday following its Q3 FY25 financial update, which showed robust growth. Total deposits rose by 22.17% year-on-year (YoY) to Rs 33,406 crore as of December 31, 2024, compared to Rs 27,345 crore in the same period last year. This growth was primarily driven by a 28.10% YoY rise in term deposits to Rs 25,365 crore from Rs 19,802 crore. CASA deposits also increased by 6.60% YoY to Rs 8,041 crore, up from Rs 7,543 crore in the previous year.

Hem Securities has a buy call on JSW Energy with a target price of Rs 744. The current market price of the stock is Rs 651.3. JSW Energy, incorporated in 1994, is a Mid Cap company with a market cap of Rs 113596.21 crore, operating in the Power sector. JSW Energy's key products/revenue segments include Power, Power Generation, Sale of services, Sale of Products, Interest, Other Operating Revenue for the year ending 31-Mar-2024.

Indian imports to the US. One of the few recognizable threads knitting together the tangle that is Trump’s long tenure in public life is a disdain for “unfair” tariffs. India is often singled out for failing to reciprocate America’s generally low import taxes. If India charges us 100 per cent tariffs, Trump asked, do we charge them nothing for the same goods? Also Read: Trump's another stark warning to India puts a lot at stake

The BSE Sensex rose 120.10 points, or 0.15%, to 78,627.51, while the Nifty50 advanced 20.61 points, or 0.09%, to 23,763 as of 9:31 am.

buy call on Metro Brands with a target price of Rs 1,460. The current market price of Metro Brands Ltd. is Rs 1239. Metro Brands, incorporated in 1977, is a Large Cap company with a market cap of Rs 33146.01 crore, operating in Leather sector. Metro Brands' key products/revenue segments include Footwear and Other Operating Revenue for the year ending 31-Mar-2024.

NMDC, India's largest iron ore miner, is in the spotlight after reporting a 5.1% year-on-year (YoY) increase in iron ore production for December 2024, reaching 4.71 million tonnes (MT) compared to 4.48 MT in the same month last year. However, the company's iron ore sales declined by 6.7% YoY to 3.91 MT, down from 4.19 MT in December 2023.

Pashupati Advani, Founder, Global Foray, says he has been analyzing struggling and stable sectors. The auto sector saw a decline in 2024, highlighting potential opportunities in underperforming areas. Auto sales are down, but decisions can wait. Other affected sectors include oil, gas, and, to a lesser extent, energy and commodities, may see a turnaround this year. Public sector companies and banks are also facing challenges, presenting opportunities as they remain 10% to 20% below peak values. Overall, the market appears stable. However, with investments returning to the US and optimism surrounding Donald Trump's presidency, this shift may not benefit other regions. What is your outlook on the markets and which are the big themes that you are tracking at this point? Pashupati Advani: I have just been reading which are the sectors that have been hit and the ones that are not hit. One is the auto sector, which was down in 2024. I am one of those who believe that you should look at sectors that have not done well and see if there are any hidden gems. So, one is autos. We see that there is pressure in auto sales. There is still a little bit of time before you go into that.

Dipan Mehta, Director, Elixir Equities, says the earning season and the Trump presidency are the two important events or trends to look out for in 2025. Mehta is hoping for the best because the September quarter was pretty disappointing. Be it a mild turnaround in December quarter or a continuation of September quarter – that will determine the trend for the market. The market can go either which way. It can rally back up to its all-time highs or correct further from these levels. Mehta also says that there is a good trading opportunity within the banks, especially tier II PSU banks. He is more positive on them than the private sector banks, but it is a short term, maybe a few months, one or two quarter type of a play. In the medium to long term, he is underweight banks.

Mahindra Group Anand Mahindra shared a video on X and answered the question.

Nilesh Shah, MD & CEO, Envision Capital.

Subscribe to enjoy similar stories. India’s government recently released the findings of its 2023-24 survey of household consumption expenditure and expressed satisfaction at the seeming narrowing of spending gaps in society at large and between rural and urban populations. Such changes would, of course, be desirable.

The retail portion of the issue was subscribed at 45.76 times, while the issue was subscribed 131.84 times in the non-institutional investors category. The allocation for qualified institutional bidders was booked 11.96 times.

Tata Motors are expected to remain in focus on Thursday as the company reported a 1% year-on-year growth in its December 2024 sales numbers at 76,599 units versus 76,138 units in the year ago period. Meanwhile, Tata Motors domestic and international sales for Q3FY25 stood at 2,35,599 vehicles, compared to 2,34,981 units during Q3FY24. It was up by 0.26% on a YoY basis.

Donald Trump in Las Vegas, police said Wednesday.

West Bengal Legislative Assembly and BJP MLA Suvendu Adhikari on Wednesday alleged that «Bangladesh-style attacks on Hindus» were taking place in several parts of the state.

Fire insurance premiums are set to rise sharply from this year, as large general insurers, including ICICI Lombard and Oriental Insurance, withdraw or reduce deep discounts on the covers they provide. The decision comes in response to surging claims and a push for risk-based pricing from reinsurance companies.

Ukraine has halted Russian gas supplies to European customers through its pipeline network, almost three years into Moscow’s all-out invasion of its neighbor

Similipal Tiger Reserve. It's not every day that focus from our species and its mindless and mindful activities get shifted to another sentient being.

Jammu and Kashmir's Ramban district on Wednesday, leading to the detention of eight people who are being interrogated, officials said. The bus carrying the employees of the company to a tunnelling project site in Marog was intercepted at Seri in the evening by masked men, who boarded the vehicle and assaulted its occupants, the officials added.

Trump donor Norm Champ details how the Biden-Harris regulations have been hurting Americans’ retirement funds on ‘The Bottom Line.’