Buy Tata Consultancy Services; target of Rs 4810: Prabhudas Lilladher
Fri, Jan 10, 2025 12:02 PM

Buy Tata Consultancy Services; target of Rs 4810: Prabhudas Lilladher

Tata Consultancy Services reported flat revenue of $7.5 billion in CC, driven by regional market and India regions, with EBIT margin increasing to 24.5%. Deal TCV rose 18.6% QoQ to $10.2 billion. The company is expected to see 7.6% revenue CAGR and 13.1% earnings CAGR over FY25-FY27E, with a target price of INR 4,810.

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Aditya Birla Fashion board to consider fundraise on Jan 15 via QIP
Fri, Jan 10, 2025 11:54 AM

Aditya Birla Fashion board to consider fundraise on Jan 15 via QIP

Aditya Birla Fashion shares traded higher in January 10 trade after the company informed the shareholders through an exchange filing on the upcoming board meet to consider fund raise.A meeting of the board of directors of the company will be held on Wednesday, January 15 to consider the proposal for raising funds.

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Top Stocks of Today - 10th January 2025
Fri, Jan 10, 2025 11:49 AM

Top Stocks of Today - 10th January 2025

Tata Consultancy Services reported a 4% rise in Q3 net profit to ₹12,380 crore, with revenues falling 0.4% to ₹63,973 crore. Other key earnings reports included📌 Tata Elxsi's 13.3% drop in profit,📌 IREDA's 26.8% profit growth,📌 GTPL Hathway's 57% profit plunge, and📌 Adani Total Gas benefiting from a 20% increase in APM-priced domestic gas allocation.

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Mutual fund flows have brought a lot of resilience to Indian markets: SEBI
Fri, Jan 10, 2025 11:43 AM

Mutual fund flows have brought a lot of resilience to Indian markets: SEBI

SEBI Chairperson Madhabi Puri Buch highlights the significant role of mutual fund flows in enhancing India's financial market resilience, with the industry's assets under management reaching ₹66.93 lakh crore, a six-fold increase since 2014, and 22.5 crore folios as of December 2024, driven by retail investors' shift to long-term wealth-building strategies.

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Tata Elxsi Q3 Results 2025 on 10 Jan, 2025: profit falls by 3.6% YOY
Fri, Jan 10, 2025 11:38 AM

Tata Elxsi Q3 Results 2025 on 10 Jan, 2025: profit falls by 3.6% YOY

Tata Elxsi Q3 Results 2025: Tata Elxsi declared their Q3 results on 09 Jan, 2025. The topline increased by 2.73% & the profit decreased by 3.6% YoY. Profit at ₹199.01 crore and revenue at ₹939.17 crore. As compared to the previous quarter, the revenue declined by 1.67% and the profit decreased by 13.26%.

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Two stock recommendations from MarketSmith India for 10 January
Fri, Jan 10, 2025 11:35 AM

Two stock recommendations from MarketSmith India for 10 January

Nifty50 on 9 January: On Thursday, Nifty50, India's benchmark index, closed lower in a weekly F&O expiry trading session. Taking cues from the global market, the index started on a muted note and continued to drift lower towards 23,500 to close near the day’s low at 23,526. As a result, it formed a bearish candle. Barring FMCG, all major sectoral indices closed lower.

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Can I get a loan with Rs 35,000 salary? Key factors to know before apply
Fri, Jan 10, 2025 11:27 AM

Can I get a loan with Rs 35,000 salary? Key factors to know before apply

Banks and non-bank financial companies (NBFCs) often give preference to salaried borrowers for personal loans. Availing a personal loan for salaried individuals has become quite convenient these days with the digital lending platforms. If you’re earning Rs 35,000 a month and planning to apply for a personal loan, you might be wondering about the loan amount you might get.

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UK Midcaps Halt Drop, European Stocks Gain as US Policy in Focus
Fri, Jan 10, 2025 11:23 AM

UK Midcaps Halt Drop, European Stocks Gain as US Policy in Focus

The UK's FTSE 250 index recovered 0.2% after earlier falling 1.1%, driven by a selloff in the US bond market, while the pan-European Stocks Europe 600 Index gained 0.4% led by miners and financial services stocks amid rising global volatility over US trade policy. The index has fallen for two straight sessions in a rout that extended to other UK assets.

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JSW Steel share price rebounds from intraday low after Q3FY25 update
Fri, Jan 10, 2025 11:04 AM

JSW Steel share price rebounds from intraday low after Q3FY25 update

JSW Steel share price rebounded from intraday low after company released Q3FY25 update. Production of the Consolidated entity increased 4% sequentially and was up 2% on the year on year basis. The JSW Steel share price opened at ₹890.80 on the BSE on Friday, almost flat compared to previous closing price of ₹890.70.

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Fabtech Technologies IPO shares list at 90% premium over IPO price
Fri, Jan 10, 2025 10:58 AM

Fabtech Technologies IPO shares list at 90% premium over IPO price

Fabtech Technologies shares debuted on the BSE SME platform at Rs 161.50, a 90% premium over its IPO price, following a robust subscription demand of over 700 times to its Rs 27.74 crore issue. The company's market valuation stands at Rs 198.96 crore, with IPO proceeds to be used for working capital and acquiring Kelvin Air Conditioning shares.

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Yellow metal price rally by Rs 1,600/10 gm, silver gains Rs 4,900/kg
Fri, Jan 10, 2025 10:54 AM

Yellow metal price rally by Rs 1,600/10 gm, silver gains Rs 4,900/kg

Gold February futures contracts at MCX opened slightly higher on Friday at Rs 78,311/10 gram, which is up by 0.27% or Rs 207 while silver March futures contracts inched higher to open at Rs 92,160/kg, up by nearly 0.5% or Rs 449.Gold prices increased by Rs 1,560/10 grams in January so far while silver prices fell by Rs 4,930/kg in the same period.

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Adani Wilmar shares slide 9% as promoter looks to divest 20% stake via OFS
Fri, Jan 10, 2025 10:44 AM

Adani Wilmar shares slide 9% as promoter looks to divest 20% stake via OFS

Shares of Adani Wilmar fell 9.5% in early trade on January 10, hitting ₹292.65 per share. The decline followed Thursday evening’s announcement that its promoter proposes to divest up to 20% stake in the company through an Offer For Sale (OFS)."Adani Commodities LLP is one of the promoters of the company.

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Avenue Supermarts Q3: Revenue to surge 18% YoY on store additions
Fri, Jan 10, 2025 10:36 AM

Avenue Supermarts Q3: Revenue to surge 18% YoY on store additions

Avenue Supermarts, operator of DMart, is expected to report an 18% YoY revenue growth to Rs 16,016 crore for Q3FY25, with net profit estimated to rise 14-17%. Brokerages like Nuvama, Axis Securities, and Antique expect EBITDA growth of 12-16%. The company will announce its earnings on January 11. Store expansion and inflation drive growth.

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Indian Overseas Bank invites EOI to sell Rs 11,500 cr NPA
Thu, Jan 9, 2025 9:55 PM

Indian Overseas Bank invites EOI to sell Rs 11,500 cr NPA

State-owned lender, Indian Overseas Bank has invited expression of interest from asset reconstruction companies (ARCs) for the sale of 46 non-performing loans accounts worth Rs 11,500 crore, according to the press release. The last date to submit the expression of interest is on January 18 and e-auction is scheduled on January 30. The process of due diligence will commence from January 10.

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Phoenix Mills posts 21% growth in Q3 retail consumption at ₹3,998 crore
Thu, Jan 9, 2025 9:54 PM

Phoenix Mills posts 21% growth in Q3 retail consumption at ₹3,998 crore

Realty firm The Phoenix Mills Ltd on Thursday (January 9) reported strong growth for Q3 FY25 and the first nine months of FY25, driven by robust performance across its retail, hospitality, commercial office, and residential segments. Retail consumption for Q3 FY25 reached approximately ₹3,998 crore, marking a 21% increase compared to Q3 FY24.

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