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Tata Elxsi Q3 Results: Revenue from operations rose 3% YoY to Rs 939 crore in Q3, compared to Rs 914 crore in the same period last year. Operating EBITDA for the quarter stood at Rs 247 crore, with margins at 26.1%. Profit before tax came in at Rs 26 crore, reflecting PBT margins of 26.3%.

Stock market update: Nifty Bank index 0.67%

Updated at : 2025-01-09 18:20:02

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The Nifty Bank index closed 0.67 per cent at 49503.50.

Growth in loans and deposits across Indian banks has slowed down due to tight liquidity and significant FII outflows. This is affecting their margins and CASA deposits. Banks with exposure to riskier segments like microfinance and credit cards are facing more pressure. Experts suggest focusing on top banks like ICICI, SBI, and Federal Bank.

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Amid a 10% decline in Nifty from its September peak, the year 2025 may favor asset allocators. While stock markets may offer limited gains, the recent correction presents a chance to accumulate blue-chip stocks for long-term growth. Precious metals like gold and silver can hedge against inflation, and a 3-5 year duration offers optimal returns on debt.

Significant gains were seen in JLR’s flagship models, with the Range Rover up by 22%, Range Rover Sport up by 17%, and Defender up by 13% year-on-year. These high-margin models made up 70% of the total wholesale volumes.

​ The Indian market enters 2025 with optimism tempered by caution. GDP growth is projected at 6.5%-7%, driven by domestic consumption and industrial expansion, positioning India as a resilient investment destination.

Reliance Industries shares are in focus as Morgan Stanley sets a target price of Rs 1,662, indicating 31% growth potential. The brokerage cites the improving outlook for RIL’s refining business, anticipated growth in retail profitability, and the underappreciated potential of RIL’s New Energy segment. Additionally, Jefferies and Bernstein revised their target prices, reinforcing positive sentiment.

Motilal Oswal Financial Services suggests buying Kalyan Jewellers shares, aiming for a target price of Rs 875. Currently, the price is Rs 682.75. Kalyan Jewellers has shown significant growth with increased revenue and added new showrooms. The company has a strong shareholding base with promoters having 62.9% stake. The positive performance was driven by demand during festive and wedding seasons.

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