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The Nifty Auto index was trading 1.23 per cent up at 22771.75.

HDFC Securities has issued a sell recommendation for Balkrishna Industries with a revised target price of Rs 2092. Despite strong volume growth in Q3FY25 and better-than-expected EBITDA margins, uncertainties persist due to higher raw material and freight costs. The brokerage maintains a cautious outlook, valuing the company at 19x Dec-26 EPS.

Motilal Oswal has given a neutral rating to InterGlobe Aviation with a target price of Rs 4535. InterGlobe, operating in the airlines sector, showed a significant growth in income and reported a net profit of Rs 2448.80 crore for the quarter ending 31-12-2024. The company is expanding its international presence and strategic partnerships.

Sandip Sabharwal highlights that for foreign investor flows to return to Indian equities, the US dollar rally must stop and Indian economic growth must revive. He suggests the Budget could include measures like tax cuts and increased capital expenditure. He also notes mixed earnings reports and the potential challenges real estate and consumer durable sectors may face.

Shares of Senco Gold will trade ex-bonus from Friday due to a 1:2 stock split, with January 31 set as the record date to determine shareholder eligibility. Each Rs 10 equity share will be divided into two Rs 5 shares, doubling the share count but keeping the investment value unchanged.

BEL share price: The company’s consolidated revenue from operations for the December quarter was Rs 5,770.69 crore, marking a 38.6% increase from Rs 4,162.16 crore in the same quarter of the previous financial year.

Wipro share price: As part of the contract, Wipro FullStride Cloud will deliver a tailored cloud-based solution that provides Etihad Airways with real-time insights into resource utilization, while improving operational agility and scalability across its global operations.

PB Fintech reported an 88% YoY increase in Q3 profit, reaching Rs 71.54 crore, driven by a 48% rise in revenue and a 62% surge in insurance broker services. However, its credit business faced challenges due to the RBI’s crackdown on unsecured lending. The company’s shares rose 83.99% in the past year, outperforming its sector.

Shree Cement share price: The cement major reported a 69% YoY decline in Q3 profit to Rs 229 crore, impacted by lower revenue and weak cement prices, despite reduced power and fuel costs. Sequentially, the company saw a 146% jump in profit and a 60% rise in EBITDA. Shree Cement is expanding its production capacity, with projects expected to be commissioned in Q2 FY2025.