Global markets are suggesting positive signals, indicating a potential “GAP-UP” opening for Indian markets today.
Landmark Immigration Consultants’ IPO debuted on the BSE SME platform with a 15% premium, raising funds for expansion and advertising.
CLN Energy has launched its IPO to raise approximately Rs 72 crore by offering 28.92 lakh shares at a price band of Rs 235-250, with subscription open until January 27.
Stallion India Fluorochemicals shares are set to debut with a grey market premium (GMP) of Rs 39, indicating a potential listing premium of 39% over the issue price of Rs 90, following a remarkable IPO subscription of 188 times.
HDFC Bank reported a 2.2% YoY growth in net profit for Q3FY25, reaching Rs 16,736 crore, which was below market expectations, while net revenue grew by 6.3%.
TVS Motor anticipates that electric vehicles will constitute approximately 30% of its total volumes within two years, primarily driven by the success of its iQube electric scooters.
Benchmark Sensex rebounded by 567 points, with Nifty regaining the 23,150 level due to value buying in IT and banking shares, despite notable declines in Bharat Dynamics, Cyient DLM, and Newgen Software.
* On Thursday, 59 companies, including Ultratech Cement and Dr Reddy’s, are set to announce their Q3 earnings, with Ultratech expected to see a slight revenue increase but a 29% decline in profitability.
* Dr Reddy’s is projected to report double-digit growth in both net profit and revenue, driven by stable US sales and growth in its organic business.
