The Nifty IT index has gained 3.81 percent since November. The market expected a negative impact on the sector, with increased US corporate spending due to tax cuts, but also stricter offshore outsourcing policies.
Benchmark indices, Nifty and Sensex, maintained their upward momentum on January 20, driven by strong gains in both public and private sector banks, which stood out as top performers.
Kotak Mahindra Bank, Wipro, Bajaj Finance, NTPC, Bajaj Finserv were among major gainers on the Nifty, while losers were SBI Life Insurance, Shriram Finance, Trent, HDFC Life, Adani Ports. Among sectors, except auto and FMCG, all other indices ended in the green with bank, media, metal, capital goods, PSU, telecom, power, PSU bank up 1-2 percent.
Join Nandita Khemka & Yatin Mota as they discuss the market outlook with Pankaj Tibrewal from Ikigai Asset Management. Get expert views on market froth, export tariffs, India’s defense deals, FMCG potential, and the impact of Budget 2025
Emkay Global Financial recommended reduce rating on ICICI Lombard with a target price of Rs 2000 in its research report dated January 19, 2025.
Emkay Global Financial is bullish on SBI Life has recommended buy rating on the stock with a target price of Rs 1850 in its research report dated January 19, 2025.
Emkay Global Financial is bullish on Metro Brands has recommended buy rating on the stock with a target price of Rs 1500 in its research report dated January 18, 2025.
Experts say that in the broader market, valuations in mid-cap and small-cap stocks remain stretched above long-term averages, suggesting room for further decline.
For Q3FY25, Supreme Industries reported a consolidated Profit After Tax (PAT) of Rs 187 crore, down 27 percent year-on-year.
While power-related announcements are typically spread throughout the year, experts are closely monitoring the budget for updates in the renewable sector.
Emkay Global Financial is bullish on RBL Bank has recommended buy rating on the stock with a target price of Rs 225 in its research report dated January 19, 2025.
Bharat Dynamics recently signed a Rs 2,960 crore contract with the Defence Ministry to supply Medium-Range Surface-to-Air Missiles (MRSAM) for the Indian Navy
Sharekhan is bullish on ICICI Lombard General Insurance Company has recommended buy rating on the stock with a target price of Rs 2550 in its research report dated January 17, 2025.
Turnaround strategy progressing well with positive revenue show, margin uptick and order inflows
KR Choksey is bullish on Axis Bank has recommended buy rating on the stock with a target price of Rs 1283 in its research report dated January 20, 2025.
Centre reviewed the applications and selected 18 new companies, which include makers of Air Conditioners and LED Lights, and in addition to that, six existing beneficiaries have been upgraded to higher investment categories.
Over the past few years, the insurer has strengthened its market position by accelerating both organic and inorganic growth. However, in the retail health business the company has a lot of catching-up to do
Anand Rathi is bullish on Kotak Mahindra Bank has recommended buy rating on the stock with a target price of Rs 2010 in its research report dated January 19, 2025.
Waaree Renewable Technologies specialises in renewable energy, focusing on manufacturing solar panels, inverters
Havells' revenue from operations rose nearly 11% to Rs 4,883 crore, while total expenses climbed 12.3% to Rs 4,564 crore
Since certain types of spirits are made from rice or its by-products, a lower rice price can reduce raw material costs, leading to decreased overall production expenses for companies like Globus Spirits.
Anand Rathi is bullish on Havells India has recommended buy rating on the stock with a target price of Rs 1949 in its research report dated January 18, 2025.
Prabhudas Lilladher is bullish on Havells India has recommended buy rating on the stock with a target price of Rs 1890 in its research report dated January 17, 2025.
Prabhudas Lilladher is bullish on Kotak Mahindra Bank has recommended buy rating on the stock with a target price of Rs 2230 in its research report dated January 19, 2025.
Prabhudas Lilladher recommended accumulate rating on Wipro with a target price of Rs 310 in its research report dated January 18, 2025.
