Author: Market News Desk

Bajaj Finance shares rose by 3.6% after a strategic partnership with Bharti Airtel to develop a digital platform for enhanced financial services, aiming to boost digital inclusion across India. The stock reached an intraday high of ₹7,442.60, marking positive market sentiment and growth expectations. Bajaj Finance, a leading private-sector Non-Banking Financial Company (NBFC), witnessed its share price surge by 3.6% following a strategic partnership with Bharti Airtel, India’s prominent telecom operator. This partnership aims to develop a digital platform to enhance the accessibility and delivery of financial services, particularly in underserved and remote regions. The collaboration between Bajaj Finance and…

Laxmi Dental shares surged 8% after a strong IPO debut, listing at ₹542, a 26.64% premium. Analysts recommend holding for long-term growth in India’s growing dental solutions market. Laxmi Dental, India’s only end-to-end integrated dental product company, made a remarkable debut on the stock market on January 20, 2025, listing at ₹542 on the National Stock Exchange (NSE), reflecting a 26.64% premium over its issue price of ₹428. On the Bombay Stock Exchange (BSE), the stock opened at ₹528, marking a 23.36% premium over the issue price. Laxmi Dental continued to perform strongly post-listing, with its stock price surging by…

NTPC shares rose by 3% following the announcement of commercial operations for a 25 MW capacity at its Gujarat Solar PV Project, boosting its renewable energy portfolio. The total installed capacity now stands at 76,733.18 MW. NTPC Limited, a leading public sector company in India’s power sector, announced a significant milestone in its renewable energy expansion. The company revealed the commercial operations of a 25 MW capacity in the second phase of its Gujarat Solar PV Project, located in Sadla, Gujarat. Following the announcement, NTPC’s share price surged by 3% in intra-day trading, reaching a high of ₹336.55. NTPC, which…

Standard Capital Markets, a Mumbai-based financial services firm, hits upper circuit for the third consecutive session after announcing the allotment of preferential shares and raising funds through NCDs. The company is optimistic about its long-term growth prospects. Standard Capital Markets, a Mumbai-based financial services company, has witnessed a surge in its stock price, hitting the upper circuit for the third consecutive session. This spike in the stock price comes after the company announced the allotment of preferential shares. On January 20, 2025, Standard Capital Markets’ share price opened at ₹0.96, marking a 5% increase from the previous close of ₹0.92.…

Kitex Garments stock surged to its 5% upper circuit limit after the company announced a 2:1 bonus share allotment. The stock has delivered multibagger returns of over 500% in five years. Kitex Garments Ltd, a leading manufacturer of infant apparel and garments, has seen its stock hit the 5% upper circuit limit after the company allotted 13.3 crore bonus shares to its eligible shareholders. The bonus shares were issued in a 2:1 ratio, meaning shareholders received two new fully paid-up shares for every existing share held, with a record date of January 17, 2025. Following the bonus issue, Kitex Garments’…

LIC reduces its stake in National Fertilizers by 2%, bringing down its holding from 7.26% to 5.20%. The transaction occurred between October 2023 and January 2025, as the company sees muted stock performance and posts a net profit for Q2FY25. Life Insurance Corporation of India (LIC), India’s largest domestic institutional investor, has reduced its stake in National Fertilizers Limited (NFL), as confirmed by a filing from the company. The insurer, which had previously held 7.26% of NFL, sold over 2% of its shares, dropping its holding to 5.20%. LIC sold 1,00,82,326 shares, reducing its stake in the company from 3,56,02,539…

Blue Cloud Softech Solutions Ltd, a small-cap IT company from Hyderabad, witnessed a significant surge in stock price after announcing a 1:2 stock split with the record date on January 20, 2025. Additionally, the company secured an order from Discovery Oaks Public School for deploying its AIoT products, Edugenie and Emotifics, with an order value of ₹105 lakh. Blue Cloud Softech Solutions Ltd (BCS), a prominent player in Artificial Intelligence (AI) and the Internet of Things (IoT) space, has seen its shares hit the upper circuit on Monday, January 20, 2025. This surge follows the announcement of its 1:2 stock…

The US dollar weakened ahead of President Donald Trump’s inauguration, causing the Indian rupee to appreciate. The rupee gained 14 paise to 86.46 against the dollar, following a positive trend in domestic equities. The dollar index also dropped 0.30%. Market experts expect short-term volatility with a range for the rupee between 86.20 to 86.80. The US dollar saw a decline against Asian currencies on Monday, with the Indian rupee appreciating against the greenback, reflecting a broader weakness in the dollar ahead of the anticipated inauguration of US President Donald Trump. The dollar index, which measures the US currency’s strength against…

Indian Overseas Bank (IOB) reported a 21% increase in net profit for Q3 FY25, driven by higher net interest income and improved asset quality. The bank’s GNPA ratio declined to 2.55%, while its pre-provision operating profit rose by 27.3%. The bank’s stock rose 6% following the earnings announcement, despite a 23% correction over the last eight months. Indian Overseas Bank (IOB), a public sector bank in India, announced impressive results for the third quarter of FY25. The bank reported a standalone net profit of ₹873 crore, marking a significant 21% year-on-year (YoY) increase compared to ₹722 crore in the same…

Central Bank of India reports a 33% increase in Q3 FY25 net profit to ₹958.93 crore, driven by growth in net interest income, deposits, and advances. Central Bank of India, one of the country’s leading public sector banks, announced a robust performance for the December 2024 quarter (Q3 FY25). The bank reported a remarkable 33% year-on-year (YoY) increase in standalone net profit, which rose to ₹958.93 crore, compared to ₹717.86 crore in the same period last year. The bank’s net interest income (NII) also saw a healthy growth of 12.31%, reaching ₹3,540.12 crore, up from ₹3,151.85 crore in the previous…