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Foreign institutional investors (FIIs) offload Rs 35,658 crore in Indian stocks in early January, citing rising US bond yields and a weakening rupee. Financials suffer the most with Rs 12,200 crore sold, while minimal buying is seen in textiles and media. Analysts recommend focusing on quality stocks and defensive sectors, anticipating continued volatility.

Go Digit General Insurance shares rose 6.5% after reporting a 177% YoY increase in net profit to Rs 119 crore for the December quarter. The profit growth was driven by strong insurance premium collections. The company also elevated Atul Mehta as country head for retail geographies and key partnerships.

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Pidilite Industries share price surged 5% to Rs 2,934.30 on January 23 after reporting strong Q3 FY25 results. The company posted a 9% YoY increase in profit after tax (PAT), reaching Rs 557.08 crore. Revenue grew 7.6% YoY to Rs 3,369 crore, driven by a 9.7% underlying volume growth across segments, with B2B showing strong momentum.

The Indian VIX dropped 1.6% to close at 16.77 on Wednesday. Meanwhile, the Nifty50 reversed its losses, ending 130 points higher at 23,155 in the previous trading session.

Retail investors have increased their stakes in certain smallcap stocks during the December quarter despite market corrections. Notable performers include Kitex Garments, V2 Retail, and Indraprastha Medical, which have doubled investor wealth in six months. However, experts advise caution given the inherent risks in smallcap investments.

Pidilite Ind shares 7.59% as Nifty gains

Updated at : 2025-01-23 10:35:02

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A total of 19,366 shares changed hands on the counter till 09:59AM (IST).

Cement prices have increased substantially, particularly in the non-trade segment, leading to better realisation for cement companies. Analysts believe Q4 could be a strong quarter due to these price hikes being absorbed in the market. North and east regions are expected to perform better, while the south still struggles with price hikes and demand momentum.

HUL share price: HUL reported 19% YoY rise in net profit to Rs 3,001 crore, exceeding Street estimates.

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