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A White Marubozu is a bullish candlestick pattern in technical analysis.

ICICI Securities recommends an ADD call on HDFC Asset Management with a target price of Rs 4,400. HDFC AMC, a major player in financial services, reported significant growth in core EBITDA driven by better yields. The company showed a strong performance in equity market shares and SIP flows, suggesting optimistic future business metrics.

The Nifty future closed higher with a gain of 0.54%, reaching 23,393 levels on Monday. India VIX ended at 16.42, rising 4.2% in the previous trading session.

HDFC Securities recommends adding Infosys with a target price of Rs 2015. Current price is Rs 1797.6. Infosys reported Q3 FY24 consolidated income of Rs 42623 crore and net profit of Rs 6822 crore. Growth projections include a CQGR of 1.7% to 2.3% for FY25/26/27E. Promoters hold 14.43% stake with significant FII and DII ownership.

Andhra Pradesh-based stocks like Heritage Foods and Amara Raja Energy, which gained investor interest post-Budget, are now underperforming. Despite initial market excitement and promises from Andhra CM Chandra Babu Naidu and Finance Minister Nirmala Sitharaman, most of these stocks are trading negatively due to worsening market sentiments.

As of 31-Dec-2024, promoters held 50.05 per cent stake in the company, while FIIs held 5.14 per cent and domestic institutional investors had 15.21 per cent.

Oil prices fell in Asian trading after President Trump announced plans to increase U.S. oil and gas production. He also delayed new tariffs on imports from Canada and Mexico. Trump said he was considering stopping oil purchases from Venezuela and promised to refill strategic reserves, potentially increasing demand for U.S. crude oil.

Zomato experienced a 57% decline in its December quarter net profit, reporting Rs 59 crore. Despite a 64% rise in revenue, there was a notable slowdown in food delivery. Analysts are mixed on the stock, with target prices ranging from Rs 130 to Rs 375.

Motilal Oswal Financial Services recommends buying Reliance Industries with a target price of Rs 1,600. The company, with a current market price of Rs 1,306.6, is expected to see significant growth in its RJio and retail segments. The report highlights a future EBITDA and PAT CAGR of around 10% over FY24-27, driven by key business segments.