Local indices hit Bull’s Aye! 2% bounce best in 6 weeks
Both gauges, which logged their steepest daily upsides since November 22, have gained 2.3% in the first two trading sessions of 2025. In December, the two tumbled 2.6% each.
Credit growth set to fall, provisions costs to rise, says ICRA
ICRA has lowered its credit growth estimate for Indian banks to 10.5%-11% for the fiscal year ending March 2025, citing reduced exposure to unsecured retail and NBFC sectors. Persistently high CD ratios and changes in liquidity coverage are expected to further reduce growth in FY2026.
Strong sales, bright outlook ignite a rally in auto stocks
Auto shares have been under pressure in the October-December period as worries about falling demand for vehicle sales prompted investors to cut their bets on the sector. The auto index fell almost 17% in this period.
Zomato’s dream run on D-Street may hit a bump or two
Zomato recently raised ₹8,500 crore in funding through a qualified institutional placement (QIP) for scaling up its quick commerce business infrastructure and towards marketing. The overall surge in valuations and visibility prompted its rival Swiggy too to get listed in November.
Ketan Parekh’s in regulatory crosshairs, again
The Sebi order said 22 individuals and entities were involved in the front-running scheme. Front running is an illegal practice of purchasing a stock based on unpublished information of a large transaction that could move prices.
Six companies get Sebi nod for IPOs
IValue Infosolutions’ IPO is solely an offer for sale of 1.87 crore shares. Quality Power Electrical’s IPO consists of ₹225 crore and OFS of 1.2 crore shares. Fabtech Tech’s is entirely a fresh issue of 1.2 crore shares.
Bajaj Finserv and Bajaj Finance soar on rating upgrades
Bajaj Finserv surged 7.9%, with the brokerage rating the stock a ‘buy’ with a price target of ₹1,930. This implies an upside of 13.6% over Thursday’s closing price of ₹1,700.
Sebi rejects Zee, Punit Goenka’s settlement applications, orders further probe
The Securities and Exchange Board of India (SEBI) has dismissed settlement applications filed by Zee Entertainment and Punit Goenka. The regulator has referred the matter for further investigation, subsuming the allegations of the show cause notices with the ongoing investigation.
Sunil Singhania’s Abakkus backed Caliber Mining and Logistics files DRHP for Rs 600 crore IPO
Caliber Mining and Logistics, backed by Sunil Singhania’s Abakkus, has filed its DRHP for an IPO. The issue comprises a fresh issue of up to Rs 500 crore and an OFS of up to Rs 100 crore. Proceeds from the fresh issue will be utilized for debt repayment, capital expenditure, and general corporate purposes.
DMart Q3 Update: Standalone revenue jumps 17% to Rs 15,565 crore
Avenue Supermarts, which operates retail chain DMart on Thursday reported a 17% year-on-year jump in its standalone revenue for the quarter ended December 31, 2024 at Rs 15,565.23 crore. The company had reported a topline of Rs 13,247.33 crore in the year ago period.