Latest Stock Market News

Sula Vineyards shares: The company’s wine tourism business achieved its highest-ever quarterly revenue of Rs 16.4 crore, reflecting an 11.5% year-on-year (YoY) growth. This increase was driven by higher spending per guest and strong occupancy rates.

The Indian market is expected to trade higher on January 15, supported by positive global cues. Nifty futures gained 0.51% on Tuesday, and the India VIX dropped, indicating lower volatility. Options data suggests a broader trading range of 22,600 to 23,600, with key support at 23,000 and resistance at 23,500. Stock recommendations for short-term traders are also provided.

Adani Energy share price: As of December 31, 2024, Adani Energy operates a transmission network spanning 26,485 circuit kilometers (ckm), including both active and under-construction assets. It has also constructed the longest private HVDC (High Voltage Direct Current) line.

Emkay predicts a 22% rally in Dixon Technologies shares, citing strong growth prospects, leadership in product verticals, and expansion into adjacent markets. They expect margin improvements from backward integration and significant market potential in industrial PCB and auto electronics sectors, projecting a 70-75% increase in market share by FY35E.

Indian stock markets opened higher for the second day, driven by gains in banking, IT, and energy stocks. Key performers included Maruti Suzuki, Zomato, and HDFC AMC, the latter rising nearly 4% after posting strong quarterly profits. Meanwhile, IRFC shares rallied following successful bidding for a significant project.

Gold February futures opened at Rs 78,298 per 10 grams, up 0.18%, while silver March futures rose to Rs 90,747/kg. Gold gained Rs 1,550 in a week, while silver remained flat. Volatility is expected due to the US inflation data and dollar fluctuations. Gold prices in major cities show variations, with pure gold in Delhi priced at Rs 61,328/8 grams.

Premier Energies has secured Rs 1,460 crore in orders from two Independent Power Producers (IPPs) and others. The orders include Rs 1,041 crore for solar modules and Rs 419 crore for solar cells, with supply scheduled to begin in May 2025. This development is expected to keep Premier Energies shares in focus on Wednesday, January 15.