Kuwer Ind

Axel Polymers

< -5%

-5% to -3%

Tokyo Plast

Commercial Syn 

Royal Cushion

Kingfa Science

Vinyoflex

Arrow Greentech

-3% to 0%

Tarsons Product

Caprihans

Shaily Engg

Kkalpana Ind

Premier Polyfil

Wim Plast

Anka Ind

Captain Poly

Mega Flex

0% to 3%

3% to 5%

Garware HiTech

Gabriel Pet

Kama Holdings

Bright Brothers

Tainwala Chem

Tata Motors and Ashok Leyland shares surged after positive brokerage notes, Nomura raised target prices, citing strong CV demand and sector upcycle, Ashok Leyland and Tata Motors CV both received 'Buy' calls from Nomura

* Tata Motors and Ashok Leyland shares surged after positive brokerage notes
* Nomura raised target prices, citing strong CV demand and sector upcycle
* Ashok Leyland and Tata Motors CV both received 'Buy' calls from Nomura

Tata Motors and Ashok Leyland shares surged after positive brokerage notes. Nomura raised target prices, citing strong demand and industry upcycle, with both companies expected to benefit from improving market conditions and increased goods demand.

shorts/business/tata-motors-ashok-leyland-shares-rise-up-to-5-on-positive-brokerage-notes-for-cv-players-should-you-buy-sell-or-hold

* Tata Motors and Ashok Leyland shares surged after positive brokerage notes
* Nomura raised target prices, citing strong CV demand and sector upcycle
* Ashok Leyland and Tata Motors CV both received 'Buy' calls from Nomura

The shares of Tata Motors, which now represent its commercial vehicle business, and Ashok Leyland jumped in trade on January 22 as positive brokerage notes boosted investment sentiment for the automakers.

<a href="https://www.moneycontrol.com/india/stockpricequote/automobile-truckslcvs/tatamotors/TML02">Tata Motors</a> shares rose more than 4 percent to Rs 453.8 apiece. <a href="https://www.moneycontrol.com/india/stockpricequote/auto-lcvshcvs/ashokleyland/AL">Ashok Leyland</a> shares meanwhile jumped over 5 percent to Rs 190.48 apiece, marking the biggest single-day rise in eight weeks.

Nomura said that the CV upcycle is gathering pace, adding that dealers suggested that sectors such as cement, steel, e-commerce and autos are driving demand.
<h3><strong>Nomura on Ashok Leyland:</strong></h3>
The international brokerage kept a ‘Buy’ call on Ashok Leyland, and raised its target price to Rs 216 per share. This implies an upside potential of more than 19 percent from the stock’s previous closing price of Rs 181.24 apiece.

Nomura believes that Ashok Leyland is a pure-play beneficiary of ongoing upcycle in domestic M&amp;HCV industry. This is supported by improving freight rates and better fleet operator profitability, along with lower GST rates and an ageing truck fleet.
<h3><strong>Nomura on Tata Motors CV:</strong></h3>
It kept a ‘Buy’ call on Tata Motors CV, and raised its target price to Rs 552 per share. This implies an upside potential of nearly 27 percent from the stock’s previous closing price of Rs 434.85 apiece.

Nomura said that Tata Motors CV continues to benefit from its dominant position in domestic CV market. It expects the firm to post a healthy 10%/10%/5% YoY volume growth in FY26-28F, with EBITDA margins expanding to 12-13% over FY26-28F.

Citi said that while direct impact of price cuts post GST reductions would be relatively lower for commercial vehicles compared to passenger vehicles or two-wheelers, overall increase in goods demand could be a positive driver.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-firm-opening-us-asian-markets-gain-2-liveblog-13784544.html">LIVE updates</a> from the stock markets here.

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Tata Motors, Ashok Leyland shares rise up to 5% on positive brokerage notes for CV players: Should you buy, sell or hold?

The shares of Tata Motors, which now represent its commercial vehicle business, and Ashok Leyland jumped in trade on January 22 as positive brokerage notes boosted investment sentiment for the automakers.

Tata Motors shares rose more than 4 percent to Rs 453.8 apiece. Ashok Leyland shares meanwhile jumped over 5 percent to Rs 190.48 apiece, marking the biggest single-day rise in eight weeks.

Nomura said that the CV upcycle is gathering pace, adding that dealers suggested that sectors such as cement, steel, e-commerce and autos are driving demand.
Nomura on Ashok Leyland:
The international brokerage kept a ‘Buy’ call on Ashok Leyland, and raised its target price to Rs 216 per share. This implies an upside potential of more than 19 percent from the stock’s previous closing price of Rs 181.24 apiece.

Nomura believes that Ashok Leyland is a pure-play beneficiary of ongoing upcycle in domestic M&amp;amp;HCV industry. This is supported by improving freight rates and better fleet operator profitability, along with lower GST rates and an ageing truck fleet.
Nomura on Tata Motors CV:
It kept a ‘Buy’ call on Tata Motors CV, and raised its target price to Rs 552 per share. This implies an upside potential of nearly 27 percent from the stock’s previous closing price of Rs 434.85 apiece.

Nomura said that Tata Motors CV continues to benefit from its dominant position in domestic CV market. It expects the firm to post a healthy 10%/10%/5% YoY volume growth in FY26-28F, with EBITDA margins expanding to 12-13% over FY26-28F.

Citi said that while direct impact of price cuts post GST reductions would be relatively lower for commercial vehicles compared to passenger vehicles or two-wheelers, overall increase in goods demand could be a positive driver.

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.

Bajaj Consumer Care shares hit 20 percent upper circuit after strong Q3 earnings., Oracle Financial Services shares up 3% on profit and revenue growth., KEI Industries shares fall over 1 percent after UBS flags near-term weakness.

* Bajaj Consumer Care shares hit 20 percent upper circuit after strong Q3 earnings.
* Oracle Financial Services shares up 3% on profit and revenue growth.
* KEI Industries shares fall over 1 percent after UBS flags near-term weakness.

Bajaj Consumer Care shares surged 20% after Q3 net profit jumped 83% and revenue rose 31%. Oracle Financial Services gained 3% on profit growth, while KEI Industries fell over 1% after a revenue miss flagged by UBS despite overall growth.

shorts/business/q3-results-impact-bajaj-consumer-shares-hit-20-upper-circuit-on-strong-earnings-ofss-rises-3-kei-industries-declines

* Bajaj Consumer Care shares hit 20 percent upper circuit after strong Q3 earnings.
* Oracle Financial Services shares up 3% on profit and revenue growth.
* KEI Industries shares fall over 1 percent after UBS flags near-term weakness.

<a href="https://www.moneycontrol.com/india/stockpricequote/personal-care/bajajconsumercare/BC02">Bajaj Consumer Care</a> shares hit the 20 percent upper circuit limit on Thursday after the FMCG company reported a sharp rise in earnings for the December quarter.

The stock surged after the company posted an 83 percent jump in consolidated net profit to Rs 46.37 crore for the December quarter of FY26, compared with Rs 25.31 crore in the year-ago period, according to a regulatory filing. Bajaj Consumer Care is part of the Bajaj Group.

Revenue from operations rose 30.57 percent year-on-year to Rs 306.09 crore during the quarter, while total expenses increased 20.9 percent to Rs 254.95 crore.

Following the results, brokerage firm Centrum raised its price target on the stock to Rs 340 from Rs 310, stating that the company’s third-quarter performance was a strong beat across parameters. The brokerage said the company has seen improvement in revenue and margin trajectory over the past few quarters and expects this trend to continue.

Meanwhile, shares of <a href="https://www.moneycontrol.com/india/stockpricequote/computers-software/oraclefinancialservicessoftware/OFS01">Oracle Financial Services Software Ltd</a> (OFSS) were trading nearly 3 percent higher at Rs 7,891 apiece.

The company reported a 15 percent year-on-year rise in consolidated revenue for the December quarter, while net profit grew 13 percent to about Rs 610 crore. Net profit margin for the quarter stood at 31 percent despite the impact of new labour code-related accruals, the company’s chief financial officer said.

Dolat Capital said it expects consolidation in OFSS’s topline momentum in the fourth quarter. The brokerage upgraded the stock to “Buy” while lowering its price target to Rs 9,800 from Rs 10,280.

Meanwhile, shares of KEI Industries Ltd declined more than 1 percent to Rs 3,889.70. The stock had fallen as much as 5.3 percent earlier in the session to a five-month low of Rs 3,728.70.

The decline came after UBS flagged near-term weakness following a revenue miss in the December quarter. KEI Industries reported a 19.5 percent rise in consolidated revenue, which fell short of analysts’ estimates. UBS said the topline miss, in a quarter supported by strong commodity inflation, could lead to near-term pressure on the stock, outweighing the EBITDA beat. However, the brokerage said the company remains structurally well positioned to deliver steady growth.

<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>

A financial journalist with over 10 years of experience, specialising in tracking stock market movements and fundamental developments that impact investors and the broader economy. A keen observer of global financial markets, I regularly engage with leading market voices to write stories. At Moneycontrol, I focus on decoding market trends, policy shifts and economic changes, driven by a constant passion to learn, analyse, and share knowledge with my readers.

Q3 results impact: Bajaj Consumer shares hit 20% upper circuit on strong earnings, OFSS rises 3%; KEI Industries declines

Bajaj Consumer Care shares hit the 20 percent upper circuit limit on Thursday after the FMCG company reported a sharp rise in earnings for the December quarter.

The stock surged after the company posted an 83 percent jump in consolidated net profit to Rs 46.37 crore for the December quarter of FY26, compared with Rs 25.31 crore in the year-ago period, according to a regulatory filing. Bajaj Consumer Care is part of the Bajaj Group.

Revenue from operations rose 30.57 percent year-on-year to Rs 306.09 crore during the quarter, while total expenses increased 20.9 percent to Rs 254.95 crore.

Following the results, brokerage firm Centrum raised its price target on the stock to Rs 340 from Rs 310, stating that the company’s third-quarter performance was a strong beat across parameters. The brokerage said the company has seen improvement in revenue and margin trajectory over the past few quarters and expects this trend to continue.

Meanwhile, shares of Oracle Financial Services Software Ltd (OFSS) were trading nearly 3 percent higher at Rs 7,891 apiece.

The company reported a 15 percent year-on-year rise in consolidated revenue for the December quarter, while net profit grew 13 percent to about Rs 610 crore. Net profit margin for the quarter stood at 31 percent despite the impact of new labour code-related accruals, the company’s chief financial officer said.

Dolat Capital said it expects consolidation in OFSS’s topline momentum in the fourth quarter. The brokerage upgraded the stock to “Buy” while lowering its price target to Rs 9,800 from Rs 10,280.

Meanwhile, shares of KEI Industries Ltd declined more than 1 percent to Rs 3,889.70. The stock had fallen as much as 5.3 percent earlier in the session to a five-month low of Rs 3,728.70.

The decline came after UBS flagged near-term weakness following a revenue miss in the December quarter. KEI Industries reported a 19.5 percent rise in consolidated revenue, which fell short of analysts’ estimates. UBS said the topline miss, in a quarter supported by strong commodity inflation, could lead to near-term pressure on the stock, outweighing the EBITDA beat. However, the brokerage said the company remains structurally well positioned to deliver steady growth.

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.

Eternal shares dropped 9% from day's high after Q3 results and CEO resigned., Q3 net profit up 73% YoY to Rs 102 crore; revenue surged 202% to Rs 16,315 crore, Brokerages lower target price but keep 'Buy' rating, citing growth potential.

* Eternal shares dropped 9% from day's high after Q3 results and CEO resigned.
* Q3 net profit up 73% YoY to Rs 102 crore; revenue surged 202% to Rs 16,315 crore
* Brokerages lower target price but keep 'Buy' rating, citing growth potential.

Eternal shares fell over 9% after Q3 results showed a 73% profit rise and 202% revenue jump. Founder Deepinder Goyal resigned as CEO. Brokerages cited rising competition and margin pressure but mostly retained 'Buy' ratings with target prices up to Rs 415.

shorts/business/eternal-shares-tumble-9-from-day-s-high-with-management-transition-in-focus-brokerages-concerns-over-competition

* Eternal shares dropped 9% from day's high after Q3 results and CEO resigned.
* Q3 net profit up 73% YoY to Rs 102 crore; revenue surged 202% to Rs 16,315 crore
* Brokerages lower target price but keep 'Buy' rating, citing growth potential.

The shares of <a href="https://www.moneycontrol.com/india/stockpricequote/online-services/eternal/Z">Eternal</a> erased all morning gains and sharply fell more than 9 percent from its day’s high on January 22. This came as brokerages analysed the Zomato and Blinkit-parent’s Q3 results, and what lies ahead.

The shares of the company dropped to Rs 276.05 apiece in the afternoon. Earlier during the day, the stock had jumped around 8 percent to hit an intraday high of Rs 305 apiece. This was the highest level seen by the stock since December 1 last year.
<h3><strong>Eternal Q3 Results:</strong></h3>
Food delivery and quick commerce firm Eternal, which owns the Zomato and Blinkit, on January 22 reported a <a href="https://www.moneycontrol.com/news/business/earnings/eternal-posts-rs-102-crore-net-profit-in-december-quarter-revenue-at-rs-16-315-crore-13783579.html">consolidated net profit of Rs 102 crore</a> for the October-December quarter of the ongoing financial year 2026. This marked a 73 percent year-on-year (YoY) rise from Rs 59 crore net profit reported in the same quarter of the previous financial year.

The firm's revenue from operations meanwhile jumped 202 percent to Rs 16,315 crore in Q3 FY26, from Rs 5,405 crore in Q3 FY25. Total expenses for the Gurugram-based firm increased 198 percent to Rs 16,493 crore in the quarter ended December.

Along with the Q3 results, the company announced that founder and Group CEO Deepinder Goyal has resigned from his role, and Blinkit’s CEO Albinder Dhindsa will take over.
<h3><strong>Motilal Oswal sees Eternal in a 'Dogfight':</strong></h3>
Motilal Oswal noted that Eternal's revenue growth beat its estimate. Zomato’s NOV of Rs 9,840 crore and Blinkit’s adjusted EBITDA margin at breakeven was also above its estimates.

However, the brokerage said that the EBITDA respite in Blinkit will likely be short-lived as competitive intensity in quick commerce (QC) re-accelerates. “Potential elevated discounting/investments in both QC and the going-out business are anticipated to constrain profitability in the short term,” it said.

Contrary to its earlier expectations, Motilal sees the risk of Eternal being drawn into a “dogfight”, with lower minimum order values and higher discounts. As a result, it reduced its adjusted EBITDA assumptions by around 15 percent for FY27/28E, and accordingly lowered its target price for the stock to Rs 360 (from Rs 420 earlier), while maintaining its ‘Buy’ call. The latest target price implies an upside potential of nearly 27 percent from the stock’s previous closing price of Rs 283.50 apiece.
<h3><strong>Emkay Global sees more competition ahead:</strong></h3>
Emkay Global said that Eternal’s Q3 FY25 surprised positively on the profitability front. “The management said that it will respond to competition and is willing to sacrifice margins. We believe that during a land-grab phase, companies should prioritize market share over margins to build scale that can be monetized over time. Eternal’s results underscore that QCom can be highly profitable at scale and Blinkit’s execution remains strong. We expect competitive intensity to increase in the QCom business and Eternal to focus more on market share, which will lead to slower margin expansion in FY27 and FY28,” it said.

The domestic brokerage cut its target price for the stock to Rs 370 per share, implying an upside potential of more than 30.5 percent from the stock’s previous closing price. The firm has a ‘Buy’ rating on the call.
<h3><strong>Elara Capital says Deepinder Goyal's move augurs well:</strong></h3>
Elara Capital said that the firm’s Q3 headline growth was a tad ahead of estimates on better growth in food delivery and quick commerce. “Deepinder Goyal’s move to the role of Vice Chairman augurs well. He retains strategic oversight and execution is uninterrupted,” the domestic brokerage noted.

It retained its ‘Buy’ call on the stock, with a target price of Rs 415 apiece, implying an upside potential of more than 46 percent.
<h3><strong>JM Financial on Eternal:</strong></h3>
JM Financial said that the management transition from Goyal to Dhindsa is expected to be smooth, as it elevates a leader with a demonstrated history of scaling a business that now represents the cornerstone of Eternal’s future growth. “Eternal’s primary growth engine, Blinkit, achieved a significant financial milestone in 3QFY26 as it turned Adj. EBITDA breakeven - surpassing our expectations by at least two quarters. This achievement coincided with a pivotal top-leadership restructuring, effective 1st Feb’26,” the domestic brokerage said.

It maintains its conviction that margin expansion will continue, notwithstanding aggressive store expansion plans and ongoing competitive intensity. “We reiterate Eternal as our preferred pick with an unchanged Dec’26 TP of INR 400,” it added.
<h3><strong>Axis Securities on Eternal:</strong></h3>
From a long-term perspective, Zomato has built a resilient business model by securing multiple strategic verticals and delivering broad-based growth, said Axis Securities. It however added that near-term challenges, such as rising competitive intensity and rapid store expansion, are likely to keep profitability under pressure. “Consequently, we recommend BUY and value the stock at Rs 360/share based on an SOTP valuation, implying a 27% return from the CMP,” it said.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-firm-opening-us-asian-markets-gain-2-liveblog-13784544.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>

Eternal shares tumble 9% from day's high with management transition in focus, brokerages' concerns over competition

The shares of Eternal erased all morning gains and sharply fell more than 9 percent from its day’s high on January 22. This came as brokerages analysed the Zomato and Blinkit-parent’s Q3 results, and what lies ahead.

The shares of the company dropped to Rs 276.05 apiece in the afternoon. Earlier during the day, the stock had jumped around 8 percent to hit an intraday high of Rs 305 apiece. This was the highest level seen by the stock since December 1 last year.
Eternal Q3 Results:
Food delivery and quick commerce firm Eternal, which owns the Zomato and Blinkit, on January 22 reported a consolidated net profit of Rs 102 crore for the October-December quarter of the ongoing financial year 2026. This marked a 73 percent year-on-year (YoY) rise from Rs 59 crore net profit reported in the same quarter of the previous financial year.

The firm's revenue from operations meanwhile jumped 202 percent to Rs 16,315 crore in Q3 FY26, from Rs 5,405 crore in Q3 FY25. Total expenses for the Gurugram-based firm increased 198 percent to Rs 16,493 crore in the quarter ended December.

Along with the Q3 results, the company announced that founder and Group CEO Deepinder Goyal has resigned from his role, and Blinkit’s CEO Albinder Dhindsa will take over.
Motilal Oswal sees Eternal in a 'Dogfight':
Motilal Oswal noted that Eternal's revenue growth beat its estimate. Zomato’s NOV of Rs 9,840 crore and Blinkit’s adjusted EBITDA margin at breakeven was also above its estimates.

However, the brokerage said that the EBITDA respite in Blinkit will likely be short-lived as competitive intensity in quick commerce (QC) re-accelerates. “Potential elevated discounting/investments in both QC and the going-out business are anticipated to constrain profitability in the short term,” it said.

Contrary to its earlier expectations, Motilal sees the risk of Eternal being drawn into a “dogfight”, with lower minimum order values and higher discounts. As a result, it reduced its adjusted EBITDA assumptions by around 15 percent for FY27/28E, and accordingly lowered its target price for the stock to Rs 360 (from Rs 420 earlier), while maintaining its ‘Buy’ call. The latest target price implies an upside potential of nearly 27 percent from the stock’s previous closing price of Rs 283.50 apiece.
Emkay Global sees more competition ahead:
Emkay Global said that Eternal’s Q3 FY25 surprised positively on the profitability front. “The management said that it will respond to competition and is willing to sacrifice margins. We believe that during a land-grab phase, companies should prioritize market share over margins to build scale that can be monetized over time. Eternal’s results underscore that QCom can be highly profitable at scale and Blinkit’s execution remains strong. We expect competitive intensity to increase in the QCom business and Eternal to focus more on market share, which will lead to slower margin expansion in FY27 and FY28,” it said.

The domestic brokerage cut its target price for the stock to Rs 370 per share, implying an upside potential of more than 30.5 percent from the stock’s previous closing price. The firm has a ‘Buy’ rating on the call.
Elara Capital says Deepinder Goyal's move augurs well:
Elara Capital said that the firm’s Q3 headline growth was a tad ahead of estimates on better growth in food delivery and quick commerce. “Deepinder Goyal’s move to the role of Vice Chairman augurs well. He retains strategic oversight and execution is uninterrupted,” the domestic brokerage noted.

It retained its ‘Buy’ call on the stock, with a target price of Rs 415 apiece, implying an upside potential of more than 46 percent.
JM Financial on Eternal:
JM Financial said that the management transition from Goyal to Dhindsa is expected to be smooth, as it elevates a leader with a demonstrated history of scaling a business that now represents the cornerstone of Eternal’s future growth. “Eternal’s primary growth engine, Blinkit, achieved a significant financial milestone in 3QFY26 as it turned Adj. EBITDA breakeven - surpassing our expectations by at least two quarters. This achievement coincided with a pivotal top-leadership restructuring, effective 1st Feb’26,” the domestic brokerage said.

It maintains its conviction that margin expansion will continue, notwithstanding aggressive store expansion plans and ongoing competitive intensity. “We reiterate Eternal as our preferred pick with an unchanged Dec’26 TP of INR 400,” it added.
Axis Securities on Eternal:
From a long-term perspective, Zomato has built a resilient business model by securing multiple strategic verticals and delivering broad-based growth, said Axis Securities. It however added that near-term challenges, such as rising competitive intensity and rapid store expansion, are likely to keep profitability under pressure. “Consequently, we recommend BUY and value the stock at Rs 360/share based on an SOTP valuation, implying a 27% return from the CMP,” it said.

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.

Gold and silver ETFs plunged up to 21 percent amid easing tariff concerns, Analysts suggest gradual ETF buying, warn against aggressive short-term moves., Precious metals stay vital as portfolio hedges amid global uncertainties

* Gold and silver ETFs plunged up to 21 percent amid easing tariff concerns
* Analysts suggest gradual ETF buying, warn against aggressive short-term moves.
* Precious metals stay vital as portfolio hedges amid global uncertainties

Gold and silver ETFs plunged up to 21% as easing tariff concerns and profit-taking hit prices. Analysts advise cautious, phased buying due to ongoing volatility, strong industrial demand, and geopolitical uncertainty, rather than aggressive short-term moves.

shorts/business/gold-silver-etfs-crash-after-record-rally-should-you-buy-the-dip-here-s-what-experts-say

* Gold and silver ETFs plunged up to 21 percent amid easing tariff concerns
* Analysts suggest gradual ETF buying, warn against aggressive short-term moves.
* Precious metals stay vital as portfolio hedges amid global uncertainties

Gold and silver exchange traded funds (ETFs) crashed on January 22 amid easing tariff concerns. Analysts have advised what investors should do – buy the dip or wait for more consolidation in the precious metals.

The ETFs are mirroring the <a href="https://www.moneycontrol.com/news/business/markets/gold-silver-etfs-tumble-up-to-11-after-record-rally-amid-easing-trump-tariff-concerns-what-lies-ahead-13785023.html">fall in the gold and silver prices</a> which saw a record rally earlier. Tata Silver ETF dropped as much as 21 percent to its day’s low, while Birla Sun Life Gold ETF fell 12 percent before seeing some partial recovery.
<h3><strong>Why are ETFs falling today?</strong></h3>
Trump said that he had reached the outlines of a deal with NATO on the island's future. "Based upon this understanding, I will not be imposing the tariffs that were scheduled to go into effect on February 1st," Trump wrote on Truth Social after a meeting with NATO Secretary General Mark Rutte in Davos. He did not give details of the deal.

Additionally, he also said that US will not use military force to seize Greenland. "I won't do that," Trump said. "Okay? Now everyone's saying 'oh, good' that's probably the biggest statement I made because people thought I would use force. I don't have to use force, I don't want to use force, I won't use force,” he added.

"Today’s sharp slump in silver and gold ETFs, with some dropping as much as ~21%, reflects an abrupt shift in macro sentiment rather than a fundamental breakdown in precious metals," said Justin Khoo, Senior Market Analyst - APAC, VT Market.

Earlier, gold and silver prices had sharply shot up after Trump threatened to use military force to acquire Greenland, triggering tensions between US and EU nations. The tariff threats further fuelled the geopolitical tensions and subsequently safe-haven assets like gold and silver due to a rise in risk-off sentiment.

Khoo added that while spot gold and silver still reflect historically elevated levels, the ETF correction looks like profit-taking and risk-rebalancing as equity markets rally.
<h3><strong>What should you do now?</strong></h3>
The market is divided between those viewing corrections as buying opportunities and those warning of overheated conditions, said Tanvi Kanchan, Associate Director at Anand Rathi Share and Stock Brokers. She however added that despite price swings, fundamentals are compelling, driven by near-record industrial demand from solar panels, electric vehicles, and AI infrastructure.

“Given the current geopolitical landscape—from ongoing conflicts in the Middle East and Ukraine to U.S.-China tensions and uncertainty around trade policies under the new Trump administration—precious metals maintain their relevance as portfolio hedges,” the analyst said.

Kanchan however cautioned that after such explosive gains in 2025, timing a single entry point is “treacherous”. “Rather than deploying capital all at once, investors should consider spreading purchases over the coming weeks or months. This approach captures the dip while protecting against further corrections that could see silver test,” she said.

For conservative investors, allocating 5-10 percent of portfolios to precious metals ETFs through systematic purchases reduces timing risk while maintaining exposure to an asset class that benefits from geopolitical instability and monetary policy uncertainty, according to the expert.

With structural drivers such as central-bank accumulation, long-term demand and inflation hedging undiminished, disciplined investors may see this correction as a strategic accumulation zone, but should avoid aggressive short-term speculation given ongoing volatility, Khoo from VT Market said.
<h3><strong>Is there more volatility ahead?</strong></h3>
Siddharth Maurya, Founder &amp; Managing Director at Vibhavangal Anukulakara, said that the drastic correction in gold &amp; silver ETFs is a result of profit-booking as well as unwinding of initial risk-off strategies when metal prices reached record highs.

“Although precious metals are supported by demand trends as well as supply gaps in the global market, the current scenario of correction in metal prices indicates volatility in the short term,” he added.

Nirpendra Yadav, Senior Commodity Research Analyst at Bonanza, said that with global uncertainties, central bank gold accumulation, and expectations of softer real interest rates over the medium term, gold continues to play an important portfolio-hedging and diversification role.

Harshal Dasani, Business Head at INVasset PMS, highlighted the sharper fall in silver ETFs compared to MCX silver, and attributed it to how Indian silver had moved into a speculative premium ahead of the Budget, rather than a sudden collapse in underlying global fundamentals.

“Over the last two sessions, silver on MCX had significantly outperformed COMEX because of expectations around an import duty tweak or a policy signal in the Budget,” he said. “That premium was not driven by physical tightness alone; it was largely sentiment-led and expectation-driven. Once it became clear that no immediate duty relief was forthcoming, that excess premium started unwinding. Silver ETFs, which are priced off domestic spot benchmarks but also reflect investor flows and arbitrage pressures, tend to react faster in such “premium collapse” phases. When retail investors rush to book profits, ETF units face additional selling pressure even if MCX futures are still stabilizing,” he added.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-firm-opening-us-asian-markets-gain-2-liveblog-13784544.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>

Gold, silver ETFs crash after record rally: Should you buy the dip? Here's what experts say

Gold and silver exchange traded funds (ETFs) crashed on January 22 amid easing tariff concerns. Analysts have advised what investors should do – buy the dip or wait for more consolidation in the precious metals.

The ETFs are mirroring the fall in the gold and silver prices which saw a record rally earlier. Tata Silver ETF dropped as much as 21 percent to its day’s low, while Birla Sun Life Gold ETF fell 12 percent before seeing some partial recovery.
Why are ETFs falling today?
Trump said that he had reached the outlines of a deal with NATO on the island's future. &quot;Based upon this understanding, I will not be imposing the tariffs that were scheduled to go into effect on February 1st,&quot; Trump wrote on Truth Social after a meeting with NATO Secretary General Mark Rutte in Davos. He did not give details of the deal.

Additionally, he also said that US will not use military force to seize Greenland. &quot;I won't do that,&quot; Trump said. &quot;Okay? Now everyone's saying 'oh, good' that's probably the biggest statement I made because people thought I would use force. I don't have to use force, I don't want to use force, I won't use force,” he added.

&quot;Today’s sharp slump in silver and gold ETFs, with some dropping as much as ~21%, reflects an abrupt shift in macro sentiment rather than a fundamental breakdown in precious metals,&quot; said Justin Khoo, Senior Market Analyst - APAC, VT Market.

Earlier, gold and silver prices had sharply shot up after Trump threatened to use military force to acquire Greenland, triggering tensions between US and EU nations. The tariff threats further fuelled the geopolitical tensions and subsequently safe-haven assets like gold and silver due to a rise in risk-off sentiment.

Khoo added that while spot gold and silver still reflect historically elevated levels, the ETF correction looks like profit-taking and risk-rebalancing as equity markets rally.
What should you do now?
The market is divided between those viewing corrections as buying opportunities and those warning of overheated conditions, said Tanvi Kanchan, Associate Director at Anand Rathi Share and Stock Brokers. She however added that despite price swings, fundamentals are compelling, driven by near-record industrial demand from solar panels, electric vehicles, and AI infrastructure.

“Given the current geopolitical landscape—from ongoing conflicts in the Middle East and Ukraine to U.S.-China tensions and uncertainty around trade policies under the new Trump administration—precious metals maintain their relevance as portfolio hedges,” the analyst said.

Kanchan however cautioned that after such explosive gains in 2025, timing a single entry point is “treacherous”. “Rather than deploying capital all at once, investors should consider spreading purchases over the coming weeks or months. This approach captures the dip while protecting against further corrections that could see silver test,” she said.

For conservative investors, allocating 5-10 percent of portfolios to precious metals ETFs through systematic purchases reduces timing risk while maintaining exposure to an asset class that benefits from geopolitical instability and monetary policy uncertainty, according to the expert.

With structural drivers such as central-bank accumulation, long-term demand and inflation hedging undiminished, disciplined investors may see this correction as a strategic accumulation zone, but should avoid aggressive short-term speculation given ongoing volatility, Khoo from VT Market said.
Is there more volatility ahead?
Siddharth Maurya, Founder &amp;amp; Managing Director at Vibhavangal Anukulakara, said that the drastic correction in gold &amp;amp; silver ETFs is a result of profit-booking as well as unwinding of initial risk-off strategies when metal prices reached record highs.

“Although precious metals are supported by demand trends as well as supply gaps in the global market, the current scenario of correction in metal prices indicates volatility in the short term,” he added.

Nirpendra Yadav, Senior Commodity Research Analyst at Bonanza, said that with global uncertainties, central bank gold accumulation, and expectations of softer real interest rates over the medium term, gold continues to play an important portfolio-hedging and diversification role.

Harshal Dasani, Business Head at INVasset PMS, highlighted the sharper fall in silver ETFs compared to MCX silver, and attributed it to how Indian silver had moved into a speculative premium ahead of the Budget, rather than a sudden collapse in underlying global fundamentals.

“Over the last two sessions, silver on MCX had significantly outperformed COMEX because of expectations around an import duty tweak or a policy signal in the Budget,” he said. “That premium was not driven by physical tightness alone; it was largely sentiment-led and expectation-driven. Once it became clear that no immediate duty relief was forthcoming, that excess premium started unwinding. Silver ETFs, which are priced off domestic spot benchmarks but also reflect investor flows and arbitrage pressures, tend to react faster in such “premium collapse” phases. When retail investors rush to book profits, ETF units face additional selling pressure even if MCX futures are still stabilizing,” he added.

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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.

PNB Housing Finance shares drop 8% after mixed Q3 results and profit fall, Bank of India shares hit multi-year high after 7 percent YoY profit rise in Q3, Tata Communications shares fell 3% despite 55% YoY profit growth.

* PNB Housing Finance shares drop 8% after mixed Q3 results and profit fall
* Bank of India shares hit multi-year high after 7 percent YoY profit rise in Q3
* Tata Communications shares fell 3% despite 55% YoY profit growth.

PNB Housing Finance shares fell 8% after Q3 profit missed estimates, despite YoY growth. Bank of India hit a multi-year high with improved asset quality and profit. Tata Communications dropped 3% but posted a 55% YoY profit rise and strong order book.

shorts/business/q3-results-impact-pnb-housing-finance-tata-communications-shares-tumble-up-to-8-bank-of-india-rises-hits-8-year-high

* PNB Housing Finance shares drop 8% after mixed Q3 results and profit fall
* Bank of India shares hit multi-year high after 7 percent YoY profit rise in Q3
* Tata Communications shares fell 3% despite 55% YoY profit growth.

The shares of PNB Housing Finance tumbled 8 percent on January 22 after the company released its results for the third quarter of the financial year 2026. Tata Communications shares also dropped, while Bank of India shares hit a multi-year high.

The companies had released their results earlier yesterday.
<h3><strong>PNB Housing Finance Q3 Results:</strong></h3>
PNB Housing Finance shares declined around 8 percent to trade at Rs 860 apiece.

<a href="https://www.moneycontrol.com/india/stockpricequote/finance-housing/pnbhousingfinance/PHF">PNB Housing Finance</a> reported a standalone net profit of Rs 520.96 crore for the October-December quarter of the ongoing financial year 2026. This marks a 10.5 percent year-on-year (YoY) jump from the Rs 471.43 crore net profit reported in the corresponding quarter of the previous financial year. However, the net profit fell around 17 percent sequentially from the Rs 626.49 crore reported in Q2 FY26.

The firm’s revenue from operations meanwhile gained around 10 percent YoY to Rs 2,109.57 crore in Q3 FY26, from Rs 1,922.76 crore in Q3 FY25. Revenue too however declined around 3 percent sequentially from Rs 2,167.91 crore in Q2 FY26.

JM Financial said that PNB Housing Finance reported an overall mixed quarter with PAT missing its estimate. This was primarily driven by weak disbursment/AUM growth and elevated opex levels, the domestic brokerage said.

“On an overall level however asset quality trends were positive, with stable GS3/NS3 at 1.04%/0.68% respectively. Credit costs continued to be negative and stood at -0.19% (vs. -0.55% in 2Q), in-line with management guidance,” JM Financial added, while holding its ‘Buy’ call on the stock with a target price of Rs 1,180 apiece, implying an upside potential of nearly 27 percent from the stock’s previous closing price.

Motilal Oswal meanwhile said that PNB Housing Finance’s earnings miss estimates due to high open, with net interest margin declining by approximately 4 basis points sequentially. “The company reported a mixed operating performance in 3QFY26, with earnings supported by higher provision write-backs, partly offset by elevated operating expenses and weaker noninterest income,” it said.
<h3><strong>Bank of India Q3 Results:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/banks-public-sector/bankindia/BOI">Bank of India</a> shares gained nearly 7 percent to trade at Rs 168.4 apiece, the highest level seen by the stock since January 2018.

Bank of India (BOI) reported a standalone net profit of Rs 2,704.67 crore for Q3 FY26, marking a 7 percent YoY rise from Rs 2,516.69 crore in Q3 FY25. The lender’s net interest income meanwhile grew more than 6 percent YoY to Rs 6,460.69 crore during the quarter under review.

Asset quality improved, with gross NPA ratio and net NPA ratio reducing to 2.26 percent and 0.60 percent respectively. Return on Assets (RoA) remained flat on an YoY basis at 0.96 percent.

Net profit margin improved to 12.75 percent in Q3 FY26, from 12.61 percent in Q3 FY25.
<h3><strong>Tata Communications Q3 Results:</strong></h3>
<a href="https://www.moneycontrol.com/india/stockpricequote/telecommunications-service/tatacommunications/TC17">Tata Communications</a> shares fell nearly 3 percent to trade at Rs 1,570 apiece.

Tata Communications reported a consolidated net profit of Rs 365.28 crore for Q3 FY26, marking a 55 percent YoY increase from Rs 235.96 crore net profit reported in Q3 FY25. The firm’s revenue from operations meanwhile rose around 7 percent YoY to Rs 6,188.97 crore.

Motilal Oswal said that the firm reported a steady Q3, albeit slightly weaker that its expectations. The domestic brokerage said that the firm’s 9 percent YoY data revenue growth was driven by a recovery in core connectivity and sustained growth in the digital portfolio. The order book remains strong with healthy double-digit growth YoY (and QoQ), driven by large deal wins in core connectivity. The funnel remains robust with digital portfolio contribution at approximately 70 percent, it added.

Motilal reiterated its ‘Neutral’ rating on the stock, with a target price of Rs 1,790 apiece, which implies an upside potential of nearly 11 percent from the stock’s previous closing price.

JM Financial meanwhile said that the company’s consolidated revenue was largely in-line with its estimate. The domestic brokerage maintained its ‘Buy’ rating on the stock, with a target price of Rs 2,250 apiece, implying an upside potential of more than 39 percent from the stock’s previous closing price.

Follow all <a href="https://www.moneycontrol.com/news/business/markets/stock-market-live-updates-gift-nifty-indicates-a-firm-opening-us-asian-markets-gain-2-liveblog-13784544.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>

Q3 Results impact: PNB Housing Finance, Tata Communications shares tumble up to 8%; Bank of India hits 8-year high

The shares of PNB Housing Finance tumbled 8 percent on January 22 after the company released its results for the third quarter of the financial year 2026. Tata Communications shares also dropped, while Bank of India shares hit a multi-year high.

The companies had released their results earlier yesterday.
PNB Housing Finance Q3 Results:
PNB Housing Finance shares declined around 8 percent to trade at Rs 860 apiece.

PNB Housing Finance reported a standalone net profit of Rs 520.96 crore for the October-December quarter of the ongoing financial year 2026. This marks a 10.5 percent year-on-year (YoY) jump from the Rs 471.43 crore net profit reported in the corresponding quarter of the previous financial year. However, the net profit fell around 17 percent sequentially from the Rs 626.49 crore reported in Q2 FY26.

The firm’s revenue from operations meanwhile gained around 10 percent YoY to Rs 2,109.57 crore in Q3 FY26, from Rs 1,922.76 crore in Q3 FY25. Revenue too however declined around 3 percent sequentially from Rs 2,167.91 crore in Q2 FY26.

JM Financial said that PNB Housing Finance reported an overall mixed quarter with PAT missing its estimate. This was primarily driven by weak disbursment/AUM growth and elevated opex levels, the domestic brokerage said.

“On an overall level however asset quality trends were positive, with stable GS3/NS3 at 1.04%/0.68% respectively. Credit costs continued to be negative and stood at -0.19% (vs. -0.55% in 2Q), in-line with management guidance,” JM Financial added, while holding its ‘Buy’ call on the stock with a target price of Rs 1,180 apiece, implying an upside potential of nearly 27 percent from the stock’s previous closing price.

Motilal Oswal meanwhile said that PNB Housing Finance’s earnings miss estimates due to high open, with net interest margin declining by approximately 4 basis points sequentially. “The company reported a mixed operating performance in 3QFY26, with earnings supported by higher provision write-backs, partly offset by elevated operating expenses and weaker noninterest income,” it said.
Bank of India Q3 Results:
Bank of India shares gained nearly 7 percent to trade at Rs 168.4 apiece, the highest level seen by the stock since January 2018.

Bank of India (BOI) reported a standalone net profit of Rs 2,704.67 crore for Q3 FY26, marking a 7 percent YoY rise from Rs 2,516.69 crore in Q3 FY25. The lender’s net interest income meanwhile grew more than 6 percent YoY to Rs 6,460.69 crore during the quarter under review.

Asset quality improved, with gross NPA ratio and net NPA ratio reducing to 2.26 percent and 0.60 percent respectively. Return on Assets (RoA) remained flat on an YoY basis at 0.96 percent.

Net profit margin improved to 12.75 percent in Q3 FY26, from 12.61 percent in Q3 FY25.
Tata Communications Q3 Results:
Tata Communications shares fell nearly 3 percent to trade at Rs 1,570 apiece.

Tata Communications reported a consolidated net profit of Rs 365.28 crore for Q3 FY26, marking a 55 percent YoY increase from Rs 235.96 crore net profit reported in Q3 FY25. The firm’s revenue from operations meanwhile rose around 7 percent YoY to Rs 6,188.97 crore.

Motilal Oswal said that the firm reported a steady Q3, albeit slightly weaker that its expectations. The domestic brokerage said that the firm’s 9 percent YoY data revenue growth was driven by a recovery in core connectivity and sustained growth in the digital portfolio. The order book remains strong with healthy double-digit growth YoY (and QoQ), driven by large deal wins in core connectivity. The funnel remains robust with digital portfolio contribution at approximately 70 percent, it added.

Motilal reiterated its ‘Neutral’ rating on the stock, with a target price of Rs 1,790 apiece, which implies an upside potential of nearly 11 percent from the stock’s previous closing price.

JM Financial meanwhile said that the company’s consolidated revenue was largely in-line with its estimate. The domestic brokerage maintained its ‘Buy’ rating on the stock, with a target price of Rs 2,250 apiece, implying an upside potential of more than 39 percent from the stock’s previous closing price.

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.

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