
The Gift Nifty was trading at 23,294.5, up by 19 points or 0.08%, as of 8:47 AM on January 20, 2025, indicating a positive opening for the Indian equity markets. This comes amid a mixed global market sentiment and ahead of key earnings announcements today.
The Indian equity indices witnessed a decline on January 17, 2025, with the Nifty closing at 23,200. The Sensex dropped by 423.49 points (0.55%) to 76,619.33, while the Nifty shed 108.60 points (0.47%), settling at 23,203.20. Despite the downtrend, key stocks captured investor attention, bolstered by positive developments and financial performance.
Stocks in Focus:
- Wipro
- Q3 constant currency revenue exceeded guidance.
- Achieved the highest margin level since Q3FY22.
- Tech Mahindra
- Q3 revenue growth of 1.2% in constant currency terms, surpassing estimates.
- Margins improved by 60 basis points quarter-on-quarter.
- Kotak Mahindra Bank
- Delivered Q3 results above estimates.
- Net interest margin improved to 4.93% from 4.91% in the previous quarter.
- L&T
- Selected as the preferred EPC partner by UAE-based Masdar for renewable energy projects in Abu Dhabi.
- Indian Hotels
- Achieved record performance for the eleventh consecutive quarter, with EBITDA rising 31% YoY.
- GMR Airports
- December passenger traffic grew by 9% YoY.
- Aircraft movements increased by 7% YoY.
- Zydus Lifesciences
- Received US FDA approval to conduct Phase II(b) clinical trials for Usnoflast.
- Ashapura Minechem
- Signed an MoU with China Railway for bauxite sales and quality assurance.
Corporate Developments:
- Hitachi Energy approved a fundraise of ₹4,200 crore via QIP.
- Dixon Technologies signed a binding MoU for a ₹133 crore acquisition.
- Fortis Healthcare acquired an additional 31.52% stake in Agilus from private equity investors.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.