Sun, Jan 5, 2025 3:57 PM
Foxconn Q4: Chipmaker’s revenue hits $64.72 billion
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Kalyan Jewellers Ltd., the Thrissur, Kerala-based Jewellery maker, recorded a consolidated revenue growth of approximately 39% for the December quarter, compared to the same period in the previous financial year. For the India business, Kalyan's revenue grew 41% during Q3, led by very strong festive and wedding demand across both gold and studded categories.
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Oil and Natural Gas Corporation shares will be in focus after the oil marketing major bagged an upgrade from Hong Kong-based brokerage CLSA. The brokerage upgraded ONGC shares to 'High Conviction Outperform' from 'Outperform' earlier, raising its price target to Rs 360 per share. This indicates an upside of around 42 percent. CLSA raised its EPS estimates by 2-8 percent over FY25-27.
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On Monday, benchmark indices closed the session on a muted note as investors booked profits after recent gains. The Sensex slipped 1.59% to end at 77,964.99, while the Nifty 50 declined by 1.62%, settling at 23,616.05. India VIX, spiked by 15.58% to 15.65, indicating a sharp rise in market uncertainty. Top 3 price-volume breakout stocks: 📌JTL Industries, 📌KIOCL, 📌Udayshivakumar Infra.
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