Indian stock market crashes, with nearly 500 stocks hitting one-year lows, resulting in a ₹13 lakh crore loss for investors in a single session, marking a sharp selloff across the board. As many as 508 stocks, including Asian Paints, Tata Steel, Bank of Baroda, Canara Bank, Coal India, Hero MotoCorp, YES Bank, Indian Oil Corporation and Tube Investments of India, hit their 52-week low.
Open Flip📌SJVN has plunged 30% since September 24. 📌Shares of Rail Vikas Nigam Ltd. closed 8.21% lower at ₹361. 📌Torrent Power stock settled 3.52% lower on Monday at ₹1,310.45. 📌Shares of Bandhan Bank Ltd. closed 4.15% lower on Monday at ₹137.99. 📌Suzlon Energy shares settled 2.21% lower on Monday at ₹54.34. 📌Shares of Godrej Properties Ltd. closed 5.97% lower on Monday at ₹2,244.
Open Flip📌The top gainers within the Nifty index included Axis Bank (up 0.83%), Tata Consultancy Services (up 0.60%), Indusind Bank (up 0.44%), and Hindustan Unilever (up 0.37%). 📌Conversely, the top losers were Adani Enterprises (down 6.29%), Trent (down 5.46%), Bharat Petroleum Corporation (down 4.45%), Bharat Electronics (down 4.21%), and Adani Ports & Special Economic Zone (down 4.10%).
Open FlipPVR Inox stock hit a new 52-week low, with price dropping to ₹1,079.95 on January 13. The company has experienced a 15.72 per cent decrease in the last week and is currently trading beneath all key moving averages. The share price saw a significant fall after the company informed encumbrance of shares of promoter Ajay Kumar Bijli.
Open FlipShapoorji Pallonji group firm Afcons Infrastructure Ltd on Monday (January 13) said the company has emerged as the lowest bidder (L1) for constructing the Pune Ring Road (East) Packages PRR E5 and E7, with a total project cost of ₹4,787.20 crore, and is expected to complete the project within 36 months, awarded by the Maharashtra State Road Development Corporation Ltd. (MSRDC).
Open FlipPuravankara Ltd reported a ✅ 6% year-on-year (YoY) increase in collections for the quarter ended December 31, 2024, with customer collections at ₹993 crore compared to ₹941 crore in the same period last year. Sales for the quarter stood at ₹1,265 crore, a 2% YoY increase from ₹1,241 crore in Q3FY24.
Open Flip📈 Domestic benchmark indices closed on a bearish note after the volatile session on 13 January, 2025. 📢 At 3:30 PM, the Sensex tanked by 1,048.90 points or 1.36% at 76,330.01, and the Nifty ended lower by 345.55 points or 1.47% at 23,085.95. 📊Among sectoral indices, Realty (⬇️6.47%), Media (⬇️4.54%), and PSE (⬇️3.89%) witnessed considerable selling pressure.
Open FlipDIIs Bought ✅26,62,500 Shares, Multibagger Defence Stock Jumps 8.63 Per Cent To An Intraday High of Rs ✅129.60 Per Share .The stock has yielded impressive returns, with a ✅670% gain in 3 years and a staggering 1,500% increase in 5 years, making it a multibagger investment. .
Open FlipMotilal Oswal's research report on Kalpataru Projects: Motilal Oswal remains positive on Kalpataru Projects International, citing its strong order book of INR606b, providing 2.5-3 years of revenue visibility, and expects a ramp-up in execution in coming quarters, driven by the order book and easing payment situation, with a target price of INR 1,500.
Open FlipForeign portfolio investors (FPIs) have pulled out ₹22,259 crore from Indian equities this month, leading to a 2% decline in the Nifty 50 and Sensex, with mid and small-cap stocks experiencing even more pain. FPIs' sentiment is affected by global and domestic factors, including a strong US dollar and rising crude oil prices.
Open FlipMotilal Oswal maintains its "Buy" rating on Shriram Finance, targeting Rs 700, a 32% potential upside, citing stable asset quality, expected repo rate cuts, and a strategic shift towards high-yielding non-CV products. The company's merger with Shriram City Union Finance and commitment to green financing are seen as key growth areas.
Open FlipOnline food delivery platform Zomato shares plunged over 4.5% to trade at Rs 231 during the January 13 trading session. This marks a fall of nearly 20% in the last three weeks for the stock. Zomato shares have so far declined for the seventh straight session since January 2. The stock has fallen over 23% from its December 9 level, when it had hit its all-time-high record of Rs 304.7.
Open FlipIndian stockbroking firm Groww is planning an IPO to raise $700 million at a valuation of $7-8 billion, engaging with investment bankers to start the process. The Bengaluru-based company aims to list despite market challenges, boasting 1.3 crore active investors and a 17% rise in operational profit to Rs 535 crore in FY23.
Open FlipMukul Mahavir Agrawal, a well-tracked stock market maven on Dalal Street, picked up over 10 per cent stake in a small and medium enterprise (SME) stock Siyaram Recycling Industries during the third quarter of the ongoing financial year 2024-25 (Q3 FY25). Mukul Agrawal made a fresh entry into the stock as the investor’s name did not appear in the key shareholders in the second quarter of FY25.
Open FlipVidya Wires has filed its DRHP for an IPO, aiming to raise Rs 320 crore to enhance manufacturing capabilities and broaden its product range, with a diverse customer base of over 370 clients and a product lineup of over 6,400 SK . The firm, a significant player in the winding and conductivity sector, plans to allocate funds for new projects and debt repayment, holding a 5.9% market share in India.
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