Latest Stock Market News

U.S. companies are actively engaging in the corporate bond markets to mitigate potential rising funding costs due to an expected increase in Treasury yields. With 22 companies offering new bonds, the bond issuance is projected to reach nearly $65 billion this week. This strategic financial move follows a robust borrowing trend observed in 2024.

Jagsonpal Pharmaceuticals announced a 1:2.5 stock split and set January 8, 2025, as the record date. Today is the last day to buy the stock to be eligible for the split. The share price has increased by 55.8% in the last year but dropped by 10% in the last month. Other companies also announced stock splits for January 8.

Shares of One Mobikwik Systems will be in focus as the company announces its first quarterly earnings since listing. Mobikwik, with significant revenue and net profit growth, aims to expand its digital payments, credit, and investment services. Experts suggest cautious profit booking given high listing gains.

Technichem Organics is set to list its shares on the BSE SME platform after its IPO was oversubscribed 425 times. Despite a revenue decline, the company reported a significant profit increase in FY24. The net proceeds will fund capital expenditure, debt repayment, and general corporate purposes.

Recent declines in the stock market present a buying opportunity, as fundamentals have not changed. Investors should have their purchasing lists ready. Earnings may moderate, and valuations might need adjustment. Expect some global uncertainties and impact on currency. Wait to invest in PSU banks, instead opt for niche sectors like housing finance NBFCs and power finance companies.

JetSynthesys, backed by Adar Poonawalla and Sachin Tendulkar, may go public within 18-36 months to fund expansion. The company targets 20-fold growth in gaming, entertainment, and wellness sectors. It recently invested $4.5 million in Saudi game developer UMX Studio and launched the Global eCricket Premier League, aiming to combine cricket, gaming, and entertainment.

In response to reports about a planned Rs 1,000 crore IPO, the company confirmed that its board has approved the proposal. BPCL, GAIL India, and IGL are preparing to list their joint venture city gas distribution company in the upcoming fiscal year.

Foreign institutional investors have significantly increased their investment in Indian IT stocks, anticipating improved revenue growth driven by macroeconomic stability and the anticipated US rate cuts. Analysts predict strong performances from HCL Tech, Coforge, and Persistent, with Infosys, Wipro, and LTIMindtree being top picks.

The 99acres Real Estate segment showed notable growth, with quarterly billings reaching Rs 102.6 crore in Q3 FY24, marking a 15.7% increase from Rs 88.4 crore in Q3 FY23. For the nine-month period, billings totaled Rs 290.9 crore, reflecting a 14.5% rise from Rs 254.1 crore.