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Tech Mahindra Q3 Results: Revenue from operations in Q3FY25 stood at Rs 13,286 crore, marking a 1.4% increase from Rs 13,101 crore in the year-ago period.

Indian benchmark indices closed in the red on Friday, ending a three-day winning streak. The decline was led by losses in IT giant Infosys and private lender Axis Bank following the release of their quarterly results.

A total of 19,832 shares changed hands on the counter till 02:00PM (IST).

As of 31-Dec-2024, promoters held 60.2 per cent stake in the company, while FIIs held 25.26 per cent and domestic institutional investors had 4.08 per cent.

Kotak Mahindra Bank is likely to report a quarter-on-quarter decline in net interest margin (NIM) due to weaker CASA. Provisions are expected to rise in double digits YoY and sequentially, driven by higher delinquencies in unsecured retail and MFI. The bank will announce its Q3 earnings on Saturday, January 18.

European shares advanced in broad-based gains on Friday as government bond yields continued to ease, keeping the STOXX 600 on track for its fourth straight weekly gain.

Jitendra Gohil of Kotak Alternate Asset Managers believes the earnings downgrade due to slowed growth is largely factored in, with a 2-3% cut possible. He also highlights potential recovery in the rural consumption and real estate sectors, while suggesting a rotation towards largecap stocks due to valuation comfort, and an expected stability from upcoming government-stimulus measures.

NBCC (India) shares surged 10.4% to Rs 96.95 amid a spike in trade volume, reaching Rs 344.12 crore. Despite a 63% rise over the past year, the stock has fallen in the last 3-6 months. It remains above short-term moving averages but below long-term EMAs. The government holds a 61.75% stake in NBCC.

Experts outline their expectations for the Union Budget 2025, focusing on reforms in the insurance sector, increased capital expenditure for economic growth, rationalizing capital gains tax frameworks, and reducing GST on insurance premiums. These measures aim to drive financial inclusion, boost manufacturing, and promote investor-friendly policies.