Capital Infra Trust sets price band at Rs 99-100 per unit; IPO to open next week
Capital Infra Trust, sponsored by Gawar Construction Ltd, sets a price band of Rs 99-100 per unit for its Rs 1,578-crore IPO opening on January 7 and concluding on January 9. The funds raised will be used to repay/pre-pay loans, including unsecured loans from the sponsor.
Dolly Khanna picks up 1.16% stake in smallcap Indian Metals & Ferro Alloys
Indian Metals & Ferro Alloys stock traded above its 50-day and 200-day SMAs of Rs 821 and Rs 729, respectively, but remained volatile with a 1-year beta of 1.5, as per Trendlyne data. It has a market capitalization of Rs 4,862.88 crore, reflecting its position in the market despite fluctuating trends.
Bank of Baroda Q3 update: Global business jumps 12% YoY to Rs 25.64 lakh crore
Bank of Baroda’s global advances grew 11.65% YoY to Rs 11.72 lakh crore in Q3FY25, up from Rs 10.49 lakh crore in Q3FY24. Meanwhile, global deposits rose 11.82% YoY to Rs 13.92 lakh crore, compared to Rs 12.45 lakh crore in the same quarter last year, showcasing consistent growth in the bank’s core metrics.
Tech View: Move above 24,226 may trigger renewed buying participation in Nifty. How to trade on Monday
Nifty formed a long bear candle on Friday, indicating profit booking after Thursday’s strong rally. Weekly chart remains bullish. Support lies near 23,900. A decisive move above Thursday’s high could trigger further upside.
New Year Picks: 10 smallcap stocks that can rally up to 53% this 2025
SHL has signed a long-term variable lease agreement in Hitec City, Hyderabad, to develop an Upper Upscale hotel with 170 – 175 rooms.
DMart shares skyrocket 15% after Q3 update shows 17% YoY revenue growth
DMart share price: Avenue Supermarts, which runs DMart stores, saw its shares rise 15% after it reported a 17% increase in standalone revenue for the December 2024 quarter. Revenue for this period was Rs 15,565.23 crore, up from Rs 13,247.33 crore last year. DMart now operates 387 stores.
ITI Ltd shares zoom 20% to hit upper circuit, new record high in intraday trade
Shares of ITI Ltd, a state-owned company under the Department of Telecommunications, soared 20% today in intraday trade, hitting a new all-time high of Rs 457.25 on the BSE. The stock has been on an upward trend since October 2024 and has seen a significant increase in volumes since November last year.
Bajaj Housing shares may dive 21%, believes Kotak Equities. Initiates coverage with Rs 100 target
Kotak Institutional Equities has initiated a “sell” rating on Bajaj Housing Finance, citing expensive valuations and a potential 21% downside risk. The brokerage expects 25% earnings growth over FY2024-27E but projects flat margins and moderate RoE. Despite strong asset quality, competition and rising rates pose risks.
2 top stock recommendations from Dharmesh Shah
It definitely is a surprise for everybody for 2025 because nobody expected such a sharp move in just last three trading sessions. But definitely the December auto sales numbers were positive and that is something helping it out right now in terms of price performance.
ITC Hotels could see market cap of Rs 30,000-35,000 crore post-listing: Prashant Biyani
Demand is not a challenge at all. We are expecting rate increase to be in the range of early teens. And as far as business on books is concerned, for Q4 also demand looks to be quite good. And if we fast forward to Q1 of FY25, so this year, Q1, we had election season […]