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Adani Power shares 1.06% as Sensex rises

Updated at : 2025-01-15 10:30:02

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The stock quoted a 52-week high of Rs 896.75 and a 52-week low of Rs 430.85.

The company’s revenue from operations in Q3FY25 dropped 23% year-on-year (YoY), falling to Rs 1,361 crore from Rs 1,774 crore in the corresponding quarter of the previous financial year.

Rakesh Rawal, CEO of Anand Rathi Wealth, is confident in achieving their revised guidance of Rs 900 crore in revenue and Rs 290 crore in profit. Despite market volatility, they foresee 20-25% long-term growth potential, driven by robust client acquisition, increased relationship managers, and technology enhancements. They focus on technology for customer value and are open to new products.

Adani Green Energy shares will be in focus on January 15, as its step-down subsidiary, Adani Renewable Energy Forty-Eight Limited, commissions a 57.2 MW wind power component of a wind-solar hybrid project at Khavda, Gujarat. This addition boosts AGEL’s operational renewable capacity to 11,666.1 MW. After receiving necessary clearances, the plant will begin power generation on January 15, 2025.

Sampath Reddy, Founder & CIO of Azurean Investment Managers, highlights the attractiveness of large private sector banks amidst current market conditions. He cautions against mid and smallcap segments due to elevated valuations and higher risks. Reddy also notes the strong performance and potential earnings growth in capital market plays but advises caution if market becomes bearish.

We believe 2025 will witness normalized returns from the markets as compared to superlative returns we have witnessed in the last few years.

eading life insurance company HDFC Life is expected to report healthy growth in its profitability during the third quarter. The profit is seen rising 21% year-on-year (YoY) to Rs 443 crore, according to estimates from Emkay. Meanwhile, Motilal Oswal expects the profit growth to be 19% YoY during the reporting period.

Recently, the price action of Angel One has been influenced by profit booking, resulting in a correction of nearly 35%. However, it has been observed that the stock is finding support at its fair value gap area around the 2340 level. The candlestick pattern formed during the previous trading session is a doji, which signals indecision amid the ongoing selling pressure—an encouraging sign.

Dollar rally pauses ahead of US inflation test

Updated at : 2025-01-15 08:20:02

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The greenback was stabilising in the early Asian session after falling overnight and edging away from a more than two-year peak hit against a basket of currencies at the start of the week.

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