On January 27, Sensex and Nifty extended losses due to global cues, weak corporate earnings, uncertainty over U.S. trade policy, and ongoing foreign outflows. The Sensex closed 1.08% lower at 75,366.17, while Nifty dropped 1.14% to 22,829.15. The market was pressured by declines in banking and IT sectors, though FMCG saw modest gains. U.S. stock futures and most Asian markets also struggled as investors reacted to Chinese startup DeepSeek's launch of a free AI model to rival OpenAI's ChatGPT.
DAM Capital Advisors (CMP: Rs 288.00 ; up by 2.88%)Shares of DAM Capital Advisors Limited surged by over 12 per cent on January 27, reaching an intraday high of Rs 314.75. This surge came after the company announced a 144 per cent year-on-year rise in net profit, which stood at Rs 51.5 crore for the quarter ending December 31, 2024. Despite a significant market decline on the same day, DAM Capital’s stock outperformed the overall market trend.
Indigo (CMP: Rs 4,193.00 ; up by 0.75%)Shares of Interglobe Aviation (Indigo) gained over 1 per cent on January 27, after posting Q3 FY2025 results that surpassed brokerage estimates. However, despite the positive results, most brokerages retained cautious stances with "Hold" or "Reduce" ratings, citing concerns over capacity growth, rising fuel costs, and competition in the industry.
Heidelberg Cement (CMP: Rs 225.06 ; up by 4.70%)Heidelberg Cement India’s shares saw a sharp 10 per cent rise on January 27, following reports that UltraTech Cement, part of the Aditya Birla Group, was in advanced talks to acquire Heidelberg Cement’s Indian business. This news triggered the positive movement in the stock.
Bank of India (CMP: Rs 103.82 ; up by 5.54%)Bank of India shares gained over 5 per cent on Monday, January 27, benefiting from the positive momentum following the bank's strong Q3FY25 results announced on Friday. The bank reported a robust 34.6 per cent year-on-year growth in net profit, which reached Rs 2,516.7 crore, up from Rs 1,869.5 crore in the same period last year.
loan and deposit growth. Brokerages reacted positively, with Kotak Institutional Equities setting a target of Rs 1,500 per share, and CLSA and Jefferies targeting Rs 1,600 per share, highlighting strong execution and asset quality." width="2288" height="1305" /> ICICI Bank (CMP: Rs 1,225.25 ; up by 1.33%)ICICI Bank's stock saw positive movement following a strong Q3 performance, marked by a 15 per cent YoY earnings growth, stable NIMs, and healthy loan and deposit growth. Brokerages reacted positively, with Kotak Institutional Equities setting a target price of Rs 1,500 per share, and CLSA and Jefferies targeting Rs 1,600 per share, highlighting strong execution and asset quality.
IDFC First Bank (CMP: Rs 56.90 ; down by 8.62%)Shares of IDFC First Bank dropped by 5 per cent on January 27, following a weak quarterly performance. The bank’s net profit fell sharply by more than 50 per cent, down to Rs 339.4 crore for Q3, compared to Rs 715.7 crore in the same period last year. This led to the stock's decline.
CreditAccess Grameen (CMP: Rs 893.70 ; down by 2.50%)Shares of CreditAccess Grameen plummeted 18 per cent on January 27 after the company reported a net loss of Rs 99.5 crore for the October-December period (Q3FY25), compared to a net profit of Rs 353.4 crore in the same quarter last year. The company’s net interest income (NII) did see a 6.4 per cent YoY growth, but the loss dragged the stock lower.
Laurus Labs (CMP: Rs 533.00 ; down by 11.56%)Shares of Laurus Labs fell 14 per cent on January 27 as investors engaged in profit-booking following a two-day winning streak. The stock had gained nearly 6 per cent in the prior sessions, driven by better-than-expected Q3 results. The decline in stock price was fueled by concerns surrounding a potential halt in US foreign aid, impacting the provision of anti-viral medications, which could negatively affect the company.
Central Depository Services (CDSL) (CMP: Rs 1,342.90 ; down by 10.49%)CDSL’s shares saw a significant drop of 9.5 per cent, reaching a three-month low of Rs 1,358.35 on January 27. The decline followed a weaker-than-expected Q3 earnings report, with new demat account additions in the December quarter being the lowest since Q4 FY24. This underperformance also impacted other capital market stocks like 360 One WAM and Angel One.
RPP Infra Projects (CMP: Rs 162.88 ; down by 5.00%)Shares of RPP Infra Projects saw a decline of over 2 per cent on January 27, despite the company receiving a letter of acceptance for new projects from the Greater Chennai Corporation. The stock, which had previously touched a 52-week high of Rs 255 in December 2024, is currently trading 32.67 per cent below that level and 76.92 per cent above its 52-week low of Rs 97.05.
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