Macquarie initiated coverage on IRCTC with an "Outperform" rating and a target price of ₹900, indicating a potential upside of 15.5 per cent from its previous close of ₹779.55. The bullish view comes despite IRCTC delivering negative returns for nine consecutive months, reflecting the brokerage's confidence in the company's long-term growth potential.

Domestic brokerage PL Capital lowered its EPS estimates for Nifty 50 going ahead, while cutting its 12-month targets on the index.PL Capital cut its 12-month target on the benchmark index Nifty 50 to 27,172, which still indicates an upside of 16% from current levels. In the bull case scenario, the brokerage sees Nifty 50 at a 20.1x to arrive at bull case target of 29,263, indicating a 25% upside.

ICICI Prudential Mutual Fund's Executive Director and Chief Investment Officer, S Naren, described 2024 as one of the best years for capital markets, with historic highs in capital fundraising and low fiscal deficits. However, he remains cautiously optimistic for 2025, suggesting hybrid and flexible investment strategies to mitigate risks.

Representative image NEW DELHI: National Capital Region Transport Corporation (NCRTC) on Sunday began the trial runs of the Meerut Metro trains, an official statement said. During this trial process, the trains were tested at different speeds from Meerut South to just before Meerut Central Station, it said. The trial run involves testing the trains' tracks and traction.

Shares of Waaree Renewable Technologies continued their losing streak for the fourth consecutive session today, diving 20% in Monday’s intraday trade to hit their lower circuit at Rs 951 on the BSE. The fall in the stock was witnessed since January 8, after the company’s Chief Financial Officer (CFO) Dilip Panjwani’s resignation was announced on January 7.

The Indian rupee is on track for its steepest single-day fall since February 2023. In the morning trade on Monday (January 13), the currency dropped 27 paise to hit a record low of 86.31 against the US dollar. The slide is attributed to a combination of factors, including a strong US dollar, rising crude oil prices, and continued foreign capital outflows.

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%.

Indobell 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.

Shares 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.

Gold 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.

Tata 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.

Scapia 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.

Inox 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.

Shares 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.

Reported 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.