Indian stock markets surged on January 20, as both the Sensex and Nifty 50 closed on a positive note, buoyed by robust performances across multiple sectors. The Sensex rose by 454.11 points (0.59%) to close at 77,073.44, while the Nifty 50 gained 141.55 points (0.61%) to end at 23,344.75.
Top Gainers in Nifty 50
- Kotak Mahindra Bank: Led the index with a significant gain of 9.1%.
- Wipro: Surged by 6.6%.
- Bajaj Finance: Added 3.4%, reflecting strong investor confidence.
Stocks to Watch on January 21
Green Zone
- Vedanta: Fitch upgrades rating to ‘B+’ with a stable outlook.
- SBI Cards: Reports a 12% increase in December card spends and a 1.04% monthly rise in total cards.
- Paytm: Steady growth in merchant loans expected, with margins anticipated to improve.
- Oberoi Realty: Q3 EBITDA rises 68%, with margins at 61% vs. 48% YoY.
- Dixon Tech: Mobile business revenue up by 190% YoY in Q3.
- Sugar Stocks: Government confirms 10 LMT sugar export quota for FY25.
- JK Cement: IT department cancels a tax demand order worth ₹176 crore.
- Sunteck Realty: Reports a turnaround with net profit in Q3 and 40% YoY pre-sales growth.
- Prakash Industries: Begins mining operations at Bhaskarpara Commercial Coal Mine.
- Venus Remedies: Achieves renewal of European Good Manufacturing Practices certification.
- Landmark Cars: Receives LoI from JSW MG Motor for new dealerships in Ahmedabad and Kolkata.
- Waaree Energies: Secures LoA for supplying solar modules for a 180 MWp solar project.
Red Zone
- L&T Finance: Reports six-quarter low net interest margin and four-quarter high gross NPA.
- MCX: Growth rate slows QoQ in Q3; net profit rises 4% QoQ.
- Zomato: Blinkit losses expected to persist; competition impacting Quick Commerce margins.
- J&K Bank: Gross NPA ratio climbs to 4.08% from 3.95%, with a 2.2% QoQ increase in deposits.
- AGI Greenpac: Reports a 63% drop in Q3 EBITDA and a 64% YoY decline in revenue.
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