Liquor stocks, which fall in the consumer discretionary segment are expected to outperform the staples despite a consumption slowdown as a host of factors come together to trigger a rally in select counters. Brokerages have picked United Spirits and Radico Khaitan as their preferred picks, estimating an upside potential of up to 19%.
Open FlipIndobell Insulations IPO shares listed on the stock exchanges with a premium of 90 percent over the issue price on January 13, following 54 times subscription by the investors in the primary market. The Rs 10.14-crore issue was open for bidding in the primary market between January 6 - 8. The shares of Indobell Insulations Ltd were listed at Rs 87.40 per share on the BSE SME platform.
Open FlipShares of One97 Communications, the parent company of fintech major Paytm, continued to fall for the fourth consecutive session on January 13. The shares fell as low as Rs 796.1 apiece, marking a decline of over 6 percent. Earlier, UBS had released a report, citing NPCI data, mentioning that Paytm did not gain any UPI market share in December.
Open FlipGold prices dipped on Monday (January 13), impacted by a stronger-than-expected US jobs report that boosted the US dollar and reinforced the Federal Reserve's cautious approach toward rate cuts. Spot gold fell 0.2%, trading at $2,684.39 per ounce by 0530 GMT. US gold futures declined by 0.1% to trade at $2,712 per ounce.
Open FlipTata Consultancy Services (TCS) chief executive officer and managing director K Krithivasan said that the IT services behemoth is “not worried” about the ongoing discourse within incoming Trump administration in the US over H-1B visas. He added that more than half of its workforce in the US are locals, a region that contributes nearly 50 percent to TCS’ revenue.
Open FlipScapia is in talks to raise Rs 290-340 crore in a fresh round led by Peak XV Partners, as the company looks to double down on offerings like personal loans and travel insurance to grow its customer base, sources told Moneycontrol. Existing investors such as Elevation Capital, Binny Bansal’s fund 3State Ventures and Z47 are also likely to participate in the round, the sources added.
Open FlipInox Wind's share price fell 3.7% despite Care Ratings upgrading its short-term facilities to the highest rating, with the stock opening 1% lower and declining further to ₹149.50, amid broader market corrections. Inox Wind has been a multibagger stock, giving 55% returns in the last two years, despite an 18% correction in 2025.
Open FlipShares of PCBL, a leading carbon black manufacturer, plunged 11.35% in early trade on January 13 to hit a 5-month low of ₹346.60 per share after the company reported lower-than-expected earnings for Q3FY25, which were released post market hours on Friday. PCBL's consolidated net profit declined 37% YoY to ₹93 crore in Q3FY25, compared to ₹148 crore in the same period last year.
Open FlipReported Standalone quarterly numbers for Sharma East India Hosp and Medical Research are: Net Sales at Rs 8.15 crore in December 2024 up 39.35% from Rs. 5.85 crore in December 2023. Quarterly Net Profit at Rs. 0.29 crore in December 2024 up 22.53% from Rs. 0.23 crore in December 2023. EBITDA stands at Rs. 0.90 crore in December 2024 up 1.12% from Rs. 0.89 crore in December 2023.
Open FlipReported Standalone quarterly numbers for Just Dial are: Net Sales at Rs 287.33 crore in December 2024 up 8.41% from Rs. 265.05 crore in December 2023. Quarterly Net Profit at Rs. 131.31 crore in December 2024 up 42.71% from Rs. 92.01 crore in December 2023. EBITDA stands at Rs. 164.01 crore in December 2024 up 21.29% from Rs. 135.22 crore in December 2023.
Open FlipSHAH METACORP reports a 178.01% increase in net sales to Rs 35.89 crore in December 2024, with a 255.48% rise in quarterly net profit to Rs 2.74 crore, driven by a 118.45% growth in EBITDA. The company's EPS increased to Rs 0.05 from Rs 0.02. SHAH METACORP shares closed at Rs 4.17 on January 09, 2025, with -3.25% returns over the last 6 months.
Open FlipReported Standalone quarterly numbers for Shrenik are: Net Sales at Rs 4.65 crore in December 2024 down 55.53% from Rs. 10.45 crore in December 2023. Quarterly Net Loss at Rs. 0.07 crore in December 2024 up 18.77% from Rs. 0.08 crore in December 2023. EBITDA stands negative at Rs. 0.07 crore in December 2024 down 143.75% from Rs. 0.16 crore in December 2023.
Open FlipAditya Birla Capital shares rose 3.5% after Morgan Stanley upgraded the stock to 'overweight' with a target price of Rs 247, implying 42% upside. Despite a 24% decline over the past three months, Morgan Stanley projects strong recovery with 20% AUM CAGR and 18% EPS CAGR by FY27, supported by solid fundamentals and strong funding access.
Open FlipShares of PB Fintech, the parent company of Paisabazaar and Policybazaar, tumbled 6.7% in Monday’s intraday trade to a low of Rs 1,730.50 after global brokerage firm Morgan Stanley downgraded PB the stock’s rating to Underweight with a target price of Rs 1,400.Morgan Stanley has previously assigned an Equal Weight, rating to the stock.
Open FlipGold Rate and Silver Price Today on January 13, 2025: Gold prices experienced a modest decrease on Monday. The cost of 24 carat gold in India is Rs.7981.3 per gram, reflecting an decrease of ₹ 10.0. The cost of 22 carat gold in India is 7316.3 per gram, a fall of ₹10.0. The current price of silver in India is 96500.0 per kg, reflecting an decrease of 100.0 per kg.
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