Kabra Jewels IPO opened for subscription on January 15, aiming to raise Rs 40 crore through a fresh equity sale of 31.25 lakh shares priced at Rs 121-128 each. The company plans to use the proceeds for debt repayment, working capital, and corporate purposes. The issue is managed by Marwadi Chandarana Intermediaries and will close on January 17.
Angel One shares in focus after Q3 PAT rises 8% YoY to Rs 281 crore
Angel One Share Price: Co reported an 8% YoY rise in Q3FY25 net profit to Rs 281.47 crore, with revenues growing 19.2%. The company declared a Rs 11 interim dividend and posted a 33.5% sequential decline in profit. Client base grew 7.4% QoQ, and gross client acquisition declined by 30.3%. The stock target price suggests a 39% upside.
How US sanctions on Russian oil export will impact Indian oil companies? Yogesh Patil explains
Long-term contracts for Indian refiners will remain unaffected by the new sanctions on Russian oil. However, spot purchases of Russian oil, which account for 40-45% of India’s imports, will be impacted. Indian refiners will need to source oil from the Middle East without discounts, resulting in lower refining margins. Oil marketing companies will face challenges with increased crude costs.
HCL Tech stock in focus after the Q3 results. Should you buy, sell or hold?
The company has reported an operating EBIT (earnings before interest and tax) of Rs 5,821 crore for the third quarter, which was up 4% YoY and nearly 9% QoQ (quarter-on-quarter).
Just Dial shares in focus after Q3 PAT jumps 43% YoY to Rs 131 crore
Just Dial shares: Just Dial reported a 43% increase in net profit for Q3FY25, reaching Rs 131.31 crore. While its sequential profit declined, revenue rose slightly. The company also saw a 73% YoY growth in PAT for the nine-month period. Analysts maintain a ‘Buy’ recommendation with a target price of Rs 1,275, signaling a 23% upside from current levels.
RIL share valuation hits Covid-era lows: 6 signals indicate a turnaround
Reliance Industries shares have dropped 23% since July, mainly due to weak retail business and declining refining margins. However, analysts, including Goldman Sachs, believe the sell-off is overdone, with shares nearing their worst-case scenario. Other global brokerages like Jefferies, Morgan Stanley, and CLSA have issued buy ratings, with target prices reaching Rs 1,690.
Don’t expect to give more than a single-digit return this year: Unmesh Sharma
Unmesh Sharma from HDFC Securities provides a market outlook, emphasizing opportunities in largecaps impacted by FPI selling and the potential for outsized returns in selective midcaps and smallcaps. He also highlights a positive outlook for the BFSI sector, industrials, chemicals and IT due to valuation differentials, liquidity improvements, and capex cycles.
Neville Noronha quits Avenue Supermarts, Unilever’s Anshul Asawa to be new CEO
Neville Noronha, CEO of Avenue Supermarts, will not renew his contract ending in January 2026 after leading the company for over two decades. Anshul Asawa from Unilever will take over as CEO Designate from March 2025 and assume full CEO responsibilities in February 2026. Noronha leaves a legacy of achieving significant milestones, including expanding DMart to over 380 stores.
DMart Q3 Results: Standalone profit up 6.5% to Rs 785 crore, revenue jumps 17.5%
The retailer’s EBITDA margin fell to 7.9% in Q3FY25 as compared to 8.5% in Q3FY24 while the PAT margin also decreased to 5% vs 5.5% on a YoY basis.
No more actions on derivatives on anvil: Sebi WTM Narayan
Sebi’s Wholetime Member Ananth Narayan announced that no additional measures will be taken to restrict derivatives trading, emphasizing ongoing efforts to improve risk management and ease of doing business. He also clarified that Sebi is not considering steps on trading eligibility and appropriability, focusing instead on refining risk measurement and connectivity between cash and derivatives markets.