VJTF

< -5%

Veranda Learn

Tree House

Career Point

-5% to -3%

Physicswallah

Flywings Simu

Crizac

CL Educate

Shanti Educatio

-3% to 0%

Arihant Academy

Zee Learn

Winny Immi

CP Capital

Ironwood Edu.

Mobavenue AI

0% to 3%

Western Oversea

MT Educare

Vantage Knowled

Jaro Insti Tech

Virtual Global

Sodhani Academy

3% to 5%

OMC shares rose as oil prices fell amid eased supply risk concerns., HPCL, BPCL, and IOC shares gained up to 4 percent in trade., Analysts expect strong Q3 results for OMCs due to healthy refining margins.

* OMC shares rose as oil prices fell amid eased supply risk concerns.
* HPCL, BPCL, and IOC shares gained up to 4 percent in trade.
* Analysts expect strong Q3 results for OMCs due to healthy refining margins.

Shares of HPCL, BPCL, and IOC rose as oil prices fell due to eased supply concerns and lower risk of US-Iran conflict. Analysts expect strong Q3 results for OMCs, driven by higher refining margins despite ongoing market volatility.

shorts/business/hpcl-bpcl-ioc-shares-jump-up-to-4-as-oil-prices-decline-after-trump-assures-iran-of-no-us-strike

* OMC shares rose as oil prices fell amid eased supply risk concerns.
* HPCL, BPCL, and IOC shares gained up to 4 percent in trade.
* Analysts expect strong Q3 results for OMCs due to healthy refining margins.

The shares of oil marketing companies (OMC) jumped in trade on January 16 as oil prices extended decline. This came as concerns around supply risks eased amid lower expectations of a US strike on Iran.

Hindustan Petroleum Corporation Limited (<a href="https://www.moneycontrol.com/india/stockpricequote/refineries/hindustanpetroleumcorporation/HPC">HPCL</a>) shares surged nearly 4 percent to trade at Rs 456.50 apiece, snapping a two-session losing streak. Bharat Petroleum Corporation Limited (<a href="https://www.moneycontrol.com/india/stockpricequote/refineries/bharatpetroleumcorporation/BPC">BPCL</a>) shares meanwhile rose over 3 percent to Rs 367.75 apiece, and Indian Oil Corporation (<a href="https://www.moneycontrol.com/india/stockpricequote/refineries/indianoilcorporation/IOC">IOC</a>) shares gained around 2 percent to Rs 162.15 apiece.
<h3><strong>Why are oil prices falling?</strong></h3>
Oil prices have extended losses after <a href="https://www.moneycontrol.com/news/business/markets/oil-falls-after-trump-signals-us-response-to-iran-is-on-hold-13773753.html">US President Donald Trump signaled</a> that he may hold off on attacking Iran for now. He said that he has been assured that Iran would stop killing protesters, reducing the likelihood of an immediate US military response to the demonstrations against the government of Supreme Leader Ayatollah Ali Khamenei and of disruptions to Iranian production and key shipping lanes.

"Despite the steady drumbeat of geopolitical risks and macro speculation, the underlying balance still points to ample supply ... unless we see a genuine revival in Chinese demand or a meaningful bottleneck in physical barrel flows, oil looks range-bound, with Brent broadly hovering between $57 and $67,” Reuters quoted Phillip Nova senior market analyst Priyanka Sachdeva as saying.

Brent crude fell more than 4 cents to $63.72. Analysts however have advised caution, highlighting the volatility still remains high. "While (Iranian supply) risks have eased somewhat, they remain significant, keeping the market nervous in the short term," IG analysts said in a client note, cited by Reuters.
<h3><strong>How will OMCs perform in Q3?</strong></h3>
The state-run OMCs are <a href="https://www.moneycontrol.com/news/business/earnings/omcs-likely-to-register-strong-q3fy26-on-higher-refining-margins-13774356.html">likely to register strong Q3 results</a> on the back of healthy refining margins, according to analysts. In the Oct-December quarter of FY26, average oil prices declined by 6 percent on a sequential basis and 10 percent from the same period last year, while retail prices were unchanged.

“Due to elevated product cracks, refining margins will be sharply higher and implied marketing earnings weaker,” Kotak Institutional Equities said in its report.

Motilal Oswal expects the standalone EBITDA for Hindustan Petroleum, Bharat Petroleum, and Indian Oil to increase 9-18 percent on a sequential basis, due to strong refining margins and receipt of LPG compensation.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-opening-us-markets-gain-asia-mixed-liveblog-13774705.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

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MCD is a wholly owned subsidiary of Network 18 Media & Investments Ltd ("Network18"), in which Independent Media Trust (IMT) holds 56.89% stake. Reliance Industries Limited ("RIL") is the sole beneficiary of IMT. Network18 and RIL and their subsidiaries, joint ventures and associates can be considered as associates of MCD.

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HPCL, BPCL, IOC shares jump up to 4% as oil prices decline after Trump assures Iran of no US strike

The shares of oil marketing companies (OMC) jumped in trade on January 16 as oil prices extended decline. This came as concerns around supply risks eased amid lower expectations of a US strike on Iran.

Hindustan Petroleum Corporation Limited (HPCL) shares surged nearly 4 percent to trade at Rs 456.50 apiece, snapping a two-session losing streak. Bharat Petroleum Corporation Limited (BPCL) shares meanwhile rose over 3 percent to Rs 367.75 apiece, and Indian Oil Corporation (IOC) shares gained around 2 percent to Rs 162.15 apiece.
Why are oil prices falling?
Oil prices have extended losses after US President Donald Trump signaled that he may hold off on attacking Iran for now. He said that he has been assured that Iran would stop killing protesters, reducing the likelihood of an immediate US military response to the demonstrations against the government of Supreme Leader Ayatollah Ali Khamenei and of disruptions to Iranian production and key shipping lanes.

&quot;Despite the steady drumbeat of geopolitical risks and macro speculation, the underlying balance still points to ample supply ... unless we see a genuine revival in Chinese demand or a meaningful bottleneck in physical barrel flows, oil looks range-bound, with Brent broadly hovering between $57 and $67,” Reuters quoted Phillip Nova senior market analyst Priyanka Sachdeva as saying.

Brent crude fell more than 4 cents to $63.72. Analysts however have advised caution, highlighting the volatility still remains high. &quot;While (Iranian supply) risks have eased somewhat, they remain significant, keeping the market nervous in the short term,&quot; IG analysts said in a client note, cited by Reuters.
How will OMCs perform in Q3?
The state-run OMCs are likely to register strong Q3 results on the back of healthy refining margins, according to analysts. In the Oct-December quarter of FY26, average oil prices declined by 6 percent on a sequential basis and 10 percent from the same period last year, while retail prices were unchanged.

“Due to elevated product cracks, refining margins will be sharply higher and implied marketing earnings weaker,” Kotak Institutional Equities said in its report.

Motilal Oswal expects the standalone EBITDA for Hindustan Petroleum, Bharat Petroleum, and Indian Oil to increase 9-18 percent on a sequential basis, due to strong refining margins and receipt of LPG compensation.

Follow all LIVE updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Infosys Q3 earnings lift Nifty IT index by 3%, Infosys shares up 6%, LTIMindtree wins Rs 3,000 crore CBDT AI project for tax analytics modernization, Infosys raises FY26 revenue growth forecast to 3-3.5%, boosting IT sector outlook

* Infosys Q3 earnings lift Nifty IT index by 3%, Infosys shares up 6%
* LTIMindtree wins Rs 3,000 crore CBDT AI project for tax analytics modernization
* Infosys raises FY26 revenue growth forecast to 3-3.5%, boosting IT sector outlook

IT stocks surged after Infosys reported strong Q3 results and raised its FY26 revenue forecast. Nifty IT index jumped over 3%, led by Infosys, LTIMindtree, Oracle Financial, Tech Mahindra, and Wipro. Positive outlook signals stabilizing overseas demand.

shorts/business/it-stocks-surge-up-to-6-on-strong-infosys-q3-results-nifty-it-index-hits-three-week-high

* Infosys Q3 earnings lift Nifty IT index by 3%, Infosys shares up 6%
* LTIMindtree wins Rs 3,000 crore CBDT AI project for tax analytics modernization
* Infosys raises FY26 revenue growth forecast to 3-3.5%, boosting IT sector outlook

The shares of IT companies jumped in trade on January 16 as strong Q3 earnings of Infosys boosted investor sentiment.

The <a href="https://www.moneycontrol.com/indian-indices/nifty-it-19.html">Nifty IT index</a> jumped more than 3 percent to 39,099.95, emerging as the top sectoral gainer on the market today. The index which was the worst performing sector in 2025, has now recorded the sharpest gains in three weeks.
<h3><strong>Infosys Q3 Results:</strong></h3>
Infosys shares led gains, jumping nearly 6 percent to trade at Rs 1,693 apiece. This comes after <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/infosys/IT">Infosys</a> reported a consolidated net profit of Rs 6,654 crore for Q3 FY26, marking a 2.2 percent year-on-year (YoY) fall from the Rs 6,806 crore net profit reported in Q3 FY25. This however included Rs 1,289-crore one-time cost on account of new labour codes.

The IT major’s revenue from operations meanwhile rose 9 percent YoY to Rs 45,479 crore. The company revised its fiscal ending 2026 revenue growth forecast upwards to 3-3.5 percent, from an earlier estimate of 2-3 percent.
<h3><strong>Other IT gainers today:</strong></h3>
Oracle Financial Services Software and <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/ltimindtree/LI12">LTIMindtree</a> shares gained more than 5 percent each. Notably, LTIMindtree said it has been awarded the Insight 2.0 project by the Central Board of Direct Taxes (CBDT) to build an AI-powered programme for the modernisation of India’s national tax analytics platform. The project, which is expected to be completed within seven years, is valued at around Rs 3,000 crore.

<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/techmahindra/TM4">Tech Mahindra</a> and Mphasis shares gained around 5 percent each, while Wipro shares were up more than 3 percent. Tech Mahindra and <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/wipro/W">Wipro</a> are set to release their results for the October-December quarter of the ongoing FY26 later today.

Persistent Systems and Coforge shares gained around 3 percent, while Tata Consultancy Services (<a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/tataconsultancyservices/TCS">TCS</a>) and HCLTech shares rose over 2 percent each.
<h3><strong>What lies ahead for IT sector?</strong></h3>
Axis Securities remained ‘cautiously optimistic’ for the Indian IT sector. It noted that Infosys’ sequential growth trajectory suggests a stable environment rather than an improving one. “From a near-term perspective, global uncertainties will keep overall growth muted. However, the company’s core efficiencies, investments, and deal momentum across regions will support the overall business over the next couple of quarters,” the domestic brokerage said.

Infosys’ latest print matters because it is less about a one-quarter beat and more about a demand inflection signal, said Harshal Dasani Business Head INVasset PMS. The analyst said that the company raising its guidance and positive management commentary came at time when the market was questioning the durability of the IT cycle. That helped lift the Nifty IT index meaningfully in today’s session and provided a sentiment tailwind to the broader market.

“The setup is encouraging because IT valuations had become more reasonable after underperformance, and even modest upgrades can trigger short-covering. However, a sustained index breakout needs earnings breadth beyond IT—financials, consumption, and industrial capex must also deliver. So, Infosys can be a catalyst for confidence, but new highs are ultimately a function of aggregate earnings visibility and global liquidity,” he added.

A positive earnings outcome and a better outlook help signal that demand conditions in key overseas markets may be stabilizing, which supports overall risk appetite, said Ravi Singh, Chief Research Officer at Master Capital Services. He added that as confidence builds, this could lead to short-term momentum not only in IT but also in other industries.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-opening-us-markets-gain-asia-mixed-liveblog-13774705.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

IT stocks surge up to 6% on strong Infosys Q3 results, Nifty IT index hits three-week high

The shares of IT companies jumped in trade on January 16 as strong Q3 earnings of Infosys boosted investor sentiment.

The Nifty IT index jumped more than 3 percent to 39,099.95, emerging as the top sectoral gainer on the market today. The index which was the worst performing sector in 2025, has now recorded the sharpest gains in three weeks.
Infosys Q3 Results:
Infosys shares led gains, jumping nearly 6 percent to trade at Rs 1,693 apiece. This comes after Infosys reported a consolidated net profit of Rs 6,654 crore for Q3 FY26, marking a 2.2 percent year-on-year (YoY) fall from the Rs 6,806 crore net profit reported in Q3 FY25. This however included Rs 1,289-crore one-time cost on account of new labour codes.

The IT major’s revenue from operations meanwhile rose 9 percent YoY to Rs 45,479 crore. The company revised its fiscal ending 2026 revenue growth forecast upwards to 3-3.5 percent, from an earlier estimate of 2-3 percent.
Other IT gainers today:
Oracle Financial Services Software and LTIMindtree shares gained more than 5 percent each. Notably, LTIMindtree said it has been awarded the Insight 2.0 project by the Central Board of Direct Taxes (CBDT) to build an AI-powered programme for the modernisation of India’s national tax analytics platform. The project, which is expected to be completed within seven years, is valued at around Rs 3,000 crore.

Tech Mahindra and Mphasis shares gained around 5 percent each, while Wipro shares were up more than 3 percent. Tech Mahindra and Wipro are set to release their results for the October-December quarter of the ongoing FY26 later today.

Persistent Systems and Coforge shares gained around 3 percent, while Tata Consultancy Services (TCS) and HCLTech shares rose over 2 percent each.
What lies ahead for IT sector?
Axis Securities remained ‘cautiously optimistic’ for the Indian IT sector. It noted that Infosys’ sequential growth trajectory suggests a stable environment rather than an improving one. “From a near-term perspective, global uncertainties will keep overall growth muted. However, the company’s core efficiencies, investments, and deal momentum across regions will support the overall business over the next couple of quarters,” the domestic brokerage said.

Infosys’ latest print matters because it is less about a one-quarter beat and more about a demand inflection signal, said Harshal Dasani Business Head INVasset PMS. The analyst said that the company raising its guidance and positive management commentary came at time when the market was questioning the durability of the IT cycle. That helped lift the Nifty IT index meaningfully in today’s session and provided a sentiment tailwind to the broader market.

“The setup is encouraging because IT valuations had become more reasonable after underperformance, and even modest upgrades can trigger short-covering. However, a sustained index breakout needs earnings breadth beyond IT—financials, consumption, and industrial capex must also deliver. So, Infosys can be a catalyst for confidence, but new highs are ultimately a function of aggregate earnings visibility and global liquidity,” he added.

A positive earnings outcome and a better outlook help signal that demand conditions in key overseas markets may be stabilizing, which supports overall risk appetite, said Ravi Singh, Chief Research Officer at Master Capital Services. He added that as confidence builds, this could lead to short-term momentum not only in IT but also in other industries.

Follow all LIVE updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Nifty Bank index crossed 60,000 for first time in five sessions, up 1 percent, Federal Bank, AU SFB and Yes Bank led gains, Technical analysts see 60,000 as key breakout level for short-term bullishness

* Nifty Bank index crossed 60,000 for first time in five sessions, up 1 percent
* Federal Bank, AU SFB and Yes Bank led gains
* Technical analysts see 60,000 as key breakout level for short-term bullishness

Nifty Bank index rose 1% to cross 60,000 for the first time in five sessions ahead of HDFC Bank and ICICI Bank Q3 results. Federal Bank led gains, while Union Bank and Axis Bank fell. Analysts see 60,000 as a key resistance and 59,300–59,400 as support.

shorts/business/bank-nifty-reclaims-60-000-after-4-days-ahead-of-icici-hdfc-bank-q3-results-check-key-resistance-levels

* Nifty Bank index crossed 60,000 for first time in five sessions, up 1 percent
* Federal Bank, AU SFB and Yes Bank led gains
* Technical analysts see 60,000 as key breakout level for short-term bullishness

The Nifty Bank index surged in trade on January 16, a day before heavyweights HDFC Bank and ICICI Bank released their respective results for the third quarter of the ongoing financial year 2026.

The index gained around 1 percent to 60,160.85 in the morning trading hours of Friday. This marks the first time the index has crossed the key psychological mark of 60,000 in five sessions.

<a href="https://www.moneycontrol.com/india/stockpricequote/banks-private-sector/federalbank/FB">Federal Bank</a> shares were the top gainers on the index today, jumping around 6 percent to trade at Rs 261.35 apiece. The lender is set to release its results for the October-December quarter of FY26 today.

AU Small Finance Bank shares gained more than 3 percent, while Yes Bank, Punjab National Bank (PNB) and Canara Bank shares gained over 2 percent each. State Bank of India (SBI), IndusInd Bank and Bank of Baroda shares were up over 1 percent, while HDFC Bank, IDFC First Bank, Kotak Mahindra Bank and ICICI Bank shares were trading in the green with marginal gains.

Bucking the trend, Union Bank of India shares dropped 2 percent, while Axis Bank shares were trading in the red with marginal losses.
<h3><strong>Technical view on Bank Nifty:</strong></h3>
Aakash Shah, Technical Research Analyst at Choice Equity Broking said that 59,900–60,000 is now a crucial resistance cluster, adding that a sustained move above this could revive short-term bullishness. Notably, the crucial mark has already been broken by the index, On the downside, the analyst believes that 59,300–59,400 is key support, and a break below may trigger further consolidation.

Axis Securities meanwhile said that the trend-deciding level for the day is 59,567. “If Bank Nifty trades above this level, it may rally up to 59810-60039-60282 levels. However, if it trades below 59567 levels, we may witness profit booking in the market, and the index may correct up to 59337-59095-58865 levels,” the brokerage said.

Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities, had also suggested that 60,000 was the key resistance level, which is a key breakout level. “From a technical perspective, the index continues to witness buying interest on declines, particularly around the psychologically important 59,500 zone. However, the broader price structure remains range-bound. Nifty Bank is currently oscillating within a wide band of 58,800–60,000, and a decisive move beyond either end of this range is likely to determine the next directional trend,” he added.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-opening-us-markets-gain-asia-mixed-liveblog-13774705.html">LIVE updates</a> from the stock markets here.

<em>Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.</em>

Bank Nifty reclaims 60,000 after 4 days, ahead of ICICI, HDFC Bank Q3 results: Check key resistance levels

The Nifty Bank index surged in trade on January 16, a day before heavyweights HDFC Bank and ICICI Bank released their respective results for the third quarter of the ongoing financial year 2026.

The index gained around 1 percent to 60,160.85 in the morning trading hours of Friday. This marks the first time the index has crossed the key psychological mark of 60,000 in five sessions.

Federal Bank shares were the top gainers on the index today, jumping around 6 percent to trade at Rs 261.35 apiece. The lender is set to release its results for the October-December quarter of FY26 today.

AU Small Finance Bank shares gained more than 3 percent, while Yes Bank, Punjab National Bank (PNB) and Canara Bank shares gained over 2 percent each. State Bank of India (SBI), IndusInd Bank and Bank of Baroda shares were up over 1 percent, while HDFC Bank, IDFC First Bank, Kotak Mahindra Bank and ICICI Bank shares were trading in the green with marginal gains.

Bucking the trend, Union Bank of India shares dropped 2 percent, while Axis Bank shares were trading in the red with marginal losses.
Technical view on Bank Nifty:
Aakash Shah, Technical Research Analyst at Choice Equity Broking said that 59,900–60,000 is now a crucial resistance cluster, adding that a sustained move above this could revive short-term bullishness. Notably, the crucial mark has already been broken by the index, On the downside, the analyst believes that 59,300–59,400 is key support, and a break below may trigger further consolidation.

Axis Securities meanwhile said that the trend-deciding level for the day is 59,567. “If Bank Nifty trades above this level, it may rally up to 59810-60039-60282 levels. However, if it trades below 59567 levels, we may witness profit booking in the market, and the index may correct up to 59337-59095-58865 levels,” the brokerage said.

Dhupesh Dhameja, Derivatives Research Analyst at SAMCO Securities, had also suggested that 60,000 was the key resistance level, which is a key breakout level. “From a technical perspective, the index continues to witness buying interest on declines, particularly around the psychologically important 59,500 zone. However, the broader price structure remains range-bound. Nifty Bank is currently oscillating within a wide band of 58,800–60,000, and a decisive move beyond either end of this range is likely to determine the next directional trend,” he added.

Follow all LIVE updates from the stock markets here.

Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

ICICI Prudential AMC shares rose 9% after strong Q3 results and dividend., HDFC AMC shares rose 5.5 percent as Q3 profit beat estimates, ICICI Prudential AMC Q3 profit jumped 45 percent YoY to Rs 917.09 crore

* ICICI Prudential AMC shares rose 9% after strong Q3 results and dividend.
* HDFC AMC shares rose 5.5 percent as Q3 profit beat estimates
* ICICI Prudential AMC Q3 profit jumped 45 percent YoY to Rs 917.09 crore

ICICI Prudential AMC and HDFC AMC shares surged after strong Q3 FY26 results. ICICI Prudential AMC's net profit rose 45% YoY to Rs 917 crore, while HDFC AMC's net profit grew 19.8% YoY to Rs 769 crore, both beating market estimates.

shorts/business/q3-results-impact-icici-pru-amc-shares-jump-9-to-highest-level-since-listing-hdfc-amc-gains-6

* ICICI Prudential AMC shares rose 9% after strong Q3 results and dividend.
* HDFC AMC shares rose 5.5 percent as Q3 profit beat estimates
* ICICI Prudential AMC Q3 profit jumped 45 percent YoY to Rs 917.09 crore

The shares of ICICI Prudential AMC and HDFC AMC jumped in trade on January 16 after the two asset management companies reported strong results for the October-December quarter of the ongoing financial year 2026.

ICICI Prudential Asset Management Company shares surged nearly 9 percent to trade at Rs 2,972 apiece, the highest level seen by the stock since its market debut after IPO in December last year.

HDFC Asset Management Company shares meanwhile rose more than 5.5 percent to trade at Rs 2,696 apiece, extending gains for the second consecutive session.
<h3><strong>ICICI Prudential AMC Q3 Results:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/finance-investment/iciciprudentialassetmanagementcompany/IPA02">ICICI Prudential Asset Management Company</a> on January 14 reported a net profit of Rs 917.09 crore for the October-December quarter of the ongoing financial year 2026. This marks a 45 percent year-on-year (YoY) rise from the Rs 631.84 crore net profit reported in the corresponding quarter of the previous financial year.

The newly-listed firm's revenue from operations meanwhile rose around 23.5 percent to Rs 1,514.67 crore during the quarter under review. Expenses grew 8.5 percent to Rs 404.78 crore.

Along with the <a href="https://www.moneycontrol.com/news/business/earnings/icici-prudential-amc-q3-results-net-profit-jumps-45-to-rs-917-crore-newly-listed-firm-announces-rs-15-dividend-13772484.html">Q3 results</a>, the company announced an interim dividend of Rs 14.85 per equity share. The record date to determine the eligibility of the shareholders set to receive the payment has been set on July 21.

ICICI Prudential AMC’s unique customers count stood at 16.17 million at the end of the December quarter of FY26, as compared to 14.33 million at the end of the same period of the previous financial year.

Monthly systematic transactions for the month of December, 2025 rose to 50.37 billion as compared to 42.47 billion in the month of December, 2024.

ICICI Prudential AMC shares have jumped more than 12 percent in the past five days, and around 14 percent in the past one month.
<h3><strong>HDFC AMC Q3 Results:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/finance-investments/hdfcassetmanagementcompany/HAM02">HDFC AMC</a> on January 14 reported a consolidated net profit of Rs 769 crore for Q3 FY26, marking a 19.8 percent year-on-year increase from Rs 642.3 crore reported in the corresponding quarter of the previous financial year. The net profit beat the CNBC-TV18 poll estimate of Rs 730 crore.

The firm’s <a href="https://www.moneycontrol.com/news/business/earnings/hdfc-asset-management-company-stock-jumps-over-3-after-q3-profit-rise-20-on-year-beats-estimates-13772897.html">revenue from operations</a> meanwhile rose 5 percent year-on-year to Rs 1,075 crore, marginally ahead of the Street’s estimate of Rs 1,068 crore.

HDFC AMC shares have gained around 6 percent in the past five days, but fell over 1 percent in the past six months.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-flat-opening-us-markets-gain-asia-mixed-liveblog-13774705.html">LIVE updates</a> from the stock markets here.

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Q3 Results impact: ICICI Pru AMC shares jump 9% to highest level since listing, HDFC AMC gains 6%

The shares of ICICI Prudential AMC and HDFC AMC jumped in trade on January 16 after the two asset management companies reported strong results for the October-December quarter of the ongoing financial year 2026.

ICICI Prudential Asset Management Company shares surged nearly 9 percent to trade at Rs 2,972 apiece, the highest level seen by the stock since its market debut after IPO in December last year.

HDFC Asset Management Company shares meanwhile rose more than 5.5 percent to trade at Rs 2,696 apiece, extending gains for the second consecutive session.
ICICI Prudential AMC Q3 Results:
ICICI Prudential Asset Management Company on January 14 reported a net profit of Rs 917.09 crore for the October-December quarter of the ongoing financial year 2026. This marks a 45 percent year-on-year (YoY) rise from the Rs 631.84 crore net profit reported in the corresponding quarter of the previous financial year.

The newly-listed firm's revenue from operations meanwhile rose around 23.5 percent to Rs 1,514.67 crore during the quarter under review. Expenses grew 8.5 percent to Rs 404.78 crore.

Along with the Q3 results, the company announced an interim dividend of Rs 14.85 per equity share. The record date to determine the eligibility of the shareholders set to receive the payment has been set on July 21.

ICICI Prudential AMC’s unique customers count stood at 16.17 million at the end of the December quarter of FY26, as compared to 14.33 million at the end of the same period of the previous financial year.

Monthly systematic transactions for the month of December, 2025 rose to 50.37 billion as compared to 42.47 billion in the month of December, 2024.

ICICI Prudential AMC shares have jumped more than 12 percent in the past five days, and around 14 percent in the past one month.
HDFC AMC Q3 Results:
HDFC AMC on January 14 reported a consolidated net profit of Rs 769 crore for Q3 FY26, marking a 19.8 percent year-on-year increase from Rs 642.3 crore reported in the corresponding quarter of the previous financial year. The net profit beat the CNBC-TV18 poll estimate of Rs 730 crore.

The firm’s revenue from operations meanwhile rose 5 percent year-on-year to Rs 1,075 crore, marginally ahead of the Street’s estimate of Rs 1,068 crore.

HDFC AMC shares have gained around 6 percent in the past five days, but fell over 1 percent in the past six months.

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Disclaimer: The views and investment tips expressed by experts on Moneycontrol are their own and not those of the website or its management. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Grasim Industries Ltd on Friday said it has appointed Sachin Sahay as Chief Executive Officer of Birla Opus Paints.

In an exchange filing, the company said Sahay has been appointed as CEO of Birla Opus Paints and will be designated as Senior Management Personnel of the company, effective February 16, 2026.

The appointment comes over two months after the company announced the exit of Rakshit Hargave as CEO of the paints business.

Birla Opus Paints, which was launched in February 2024, has invested in manufacturing facilities across the country and rolled out aggressive pricing strategies to expand its presence in the domestic paints market.

Sahay joins from ITC Ltd, where he last served as Executive Vice President – Sales. He brings over three decades of experience in sales and marketing across multiple geographies and business segments.

At ITC, he was associated with the expansion of the FMCG business and has led brand launches, distribution scale-up across urban and rural markets, and several transformation initiatives, the company said.

Shares of <a href="https://www.moneycontrol.com/india/stockpricequote/diversified/grasimindustries/GI01">Grasim Industries</a> were trading higher at Rs 2,807.80 apiece on the NSE, up 0.43 per cent.

<em><strong>Disclaimer:</strong> The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.</em>

Grasim appoints Sachin Sahay as CEO of Birla Opus Paints, shares rise

Grasim Industries Ltd on Friday said it has appointed Sachin Sahay as Chief Executive Officer of Birla Opus Paints.

In an exchange filing, the company said Sahay has been appointed as CEO of Birla Opus Paints and will be designated as Senior Management Personnel of the company, effective February 16, 2026.

The appointment comes over two months after the company announced the exit of Rakshit Hargave as CEO of the paints business.

Birla Opus Paints, which was launched in February 2024, has invested in manufacturing facilities across the country and rolled out aggressive pricing strategies to expand its presence in the domestic paints market.

Sahay joins from ITC Ltd, where he last served as Executive Vice President – Sales. He brings over three decades of experience in sales and marketing across multiple geographies and business segments.

At ITC, he was associated with the expansion of the FMCG business and has led brand launches, distribution scale-up across urban and rural markets, and several transformation initiatives, the company said.

Shares of Grasim Industries were trading higher at Rs 2,807.80 apiece on the NSE, up 0.43 per cent.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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