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HDFC Securities recommends an add call on Mastek with a target price of Rs 3840, while the current market price is Rs 2579.15. Mastek reported consolidated total income of Rs 879 crore and net profit of Rs 94.71 crore for the December 2024 quarter. The company expects margin and growth driven by UK geography, maintaining an overall positive outlook.

As of 31-Dec-2024, promoters held 0.0 per cent stake in the company, while FIIs held 8.77 per cent and domestic institutional investors had 3.47 per cent.

The stock traded at a P/E multiple of 34.37, while the price-to-book value ratio stood at 5.13.

Gold February futures opened slightly lower at Rs 79,464, while silver March futures traded at Rs 91,472. Gold has gained Rs 450/10g this week, while silver remained flat. Both metals showed volatility amid global uncertainties, particularly US tariffs. Analysts expect continued volatility, with gold supported at Rs 79,300 and silver at Rs 91,220.

Leading brokerage firms predict substantial returns for prominent stocks like Reliance Industries, PNB Housing Finance, Karur Vysya Bank, KEI Industries, and Paytm. Morgan Stanley, Axis Capital, DAM Capital, UBS, and CITI provide their ratings and target prices, indicating potential upsides ranging from 17% to 42%.

​Now as far as the cyclical factors are concerned, which today are visible in some of the segments, maybe due to food inflation, maybe due to the commodity inflation, so that will go away, maybe you can say 3Q was the worst, 4Q might show a little bit better numbers than 3Q.

Zensar Technologies’ shares surged nearly 10% after reporting strong Q3FY25 results, with a 10.1% YoY revenue growth to Rs 1,325.6 crore. However, profitability declined 2.7% YoY to Rs 159.8 crore. Operating revenue grew 8.6% YoY, with a PAT margin of 12%. The stock has gained 53.5% over the past year.

The Nifty Bank index was trading 0.18 per cent at 48638.55.

The Relative Strength Index of the stock stood at 43.22 on Thursday.

Bitcoin and major cryptocurrencies declined on January 23, as profit booking at higher levels and the absence of Bitcoin-related statements from Trump led to a 3.4% drop in global market cap, now at $3.52 trillion. Bitcoin traded at $101,938, while altcoins like Ethereum, Solana, and Dogecoin also saw losses. Key support for Bitcoin is at $101,300.