Stocks in news on Jan 9, 2025: SRF, Manappuram Finance and TCS among 7 stocks that hogged limelight today
Domestically, the FMCG sector outperformed, while other sectors declined, anticipating only modest improvement in Q3 earnings estimates, cautioning against high expectations.
Stocks in news on January 9, 2025: Indian equities amid broad-based sell-off led by realty and oil & gas stocks ended significantly lower. On the weekly expiry day, Nifty settled below 23,550, with a drag of 0.69 per cent or 162 points.
Here are the stocks that remained in news today:
Manappuram Finance: After the Reserve Bank of India lifted restrictions on the company's microlending arm Asirvad Micro Finance, its stock ended with a cut of 0.5 per cent at Rs 179.1. In intra-day trade, the stock zoomed to touch the day's high of Rs 191.5 apiece on the BSE.
SRF: Shares of the specialty chemical player ended 14 per cent higher at Rs 2,672.25 amid reports of a price hike of refrigerant gases in the US.
TCS: Ahead of its Q3FY25 results, IT services company's scrip ended with a cut of nearly 2 per cent at Rs 4,036.65 per share.
Swiggy: After global brokerage Bernstein initiated its coverage on the stock with an 'outperform' rating, the stock ended with gains of over 3 per cent at Rs 507.6.
Tata Motors: Shares of the automobile major Tata Motors after the company's subsidiary JLR reported its sales numbers for the December quarter. Wholesale volumes for Q3 came in at 104,427 units (excluding the Chery Jaguar Land Rover China JV), up 3 per cent compared to the same quarter a year ago and up 20 per cent compared to the prior quarter ended 30 September 2024.
Greaves Cotton: The company today announced its participation in the upcoming Auto Expo, The Motor Show 2025 in Delhi. Showcasing its expansion in the sustainable mobility space, the company plans to launch new electric 2-and 3-wheeler vehicles together with fuel-agnostic solutions. The stock ended nearly 4 per cent lower at Rs 264.95.
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