Stock Market Analysis 9th January 2025 [Post-Market Update]

The Indian stock market experienced a downtrend today, with major indices closing in the red. The NIFTY 50 dropped by 162.45 points (-0.69%) to close at 23,526.50, while the SENSEX declined by 528.28 points (-0.68%) to end at 77,620.21. Similarly, NIFTY BANK and NIFTY IT fell by 0.67% and 1.16%, respectively. The BSE Smallcap index also registered a significant drop of 1.17%.

Stock market analysis 9th jan 2025

Index Performances

IndexPrice (โ‚น)Change (โ‚น)% Change
NIFTY 5023,526.50-162.45-0.69%
SENSEX77,620.21-528.28-0.68%
NIFTY BANK49,503.50-331.55-0.67%
NIFTY IT43,126.45-507.80-1.16%
BSE SMALLCAP54,021.00-640.63-1.17%

Top Gainers

CompanyCurrent Price (โ‚น)% Gain
Bajaj Auto8,835.852.24%
Nestle2,256.051.63%
HUL2,435.401.43%
Britannia4,926.301.37%
M&M3,126.501.31%

Top Losers

CompanyCurrent Price (โ‚น)% Loss
Shriram Finance2,809.85-3.07%
ONGC263.18-3.00%
BPCL280.00-2.37%
Coal India372.20-2.14%
Tata Steel129.93-2.04%

52-Week High Stocks

CompanyCurrent Price (โ‚น)52-Week High (โ‚น)
SRF2,697.702,673.90
Navin Fluorine4,017.103,824.55
PTC Industries17,900.0017,392.15
Vijaya Diagnostic1,264.751,221.30

52-Week Low Stocks

CompanyDayโ€™s Low (โ‚น)Current Price (โ‚น)
Network 1866.0066.61
Bandhan Bank148.50148.91
Sun Pharma Adv188.05189.45
Mahindra Life444.00445.15
Yes Bank18.4518.49

Q3 Results Summary for Major Companies

TCS Q3 Results

Tata Consultancy Services (TCS) reported a net profit of โ‚น12,380 crore, up 12% YoY, with revenue at โ‚น63,973 crore, reflecting a 5.6% growth. The company announced a โ‚น10 interim dividend and โ‚น66 special dividend per share.

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GTPL Hathway Q3 Results

GTPL Hathway shares surged 17% ahead of its December quarter results. In Q2, net profit dropped 61.8% YoY to โ‚น13.7 crore, while revenue grew 9.8% to โ‚น856 crore. The company plans to launch a โ‚น100 crore Headend in the Sky (HITS) service in FY26, capable of delivering up to 900 TV channels.

IREDA Q3 Results

Indian Renewable Energy Development Agency (IREDA) sanctioned loans worth โ‚น31,087 crore in Q3FY25, up 129% YoY. Loan disbursements rose 41% to โ‚น17,236 crore, while the loan book grew 36% to โ‚น69,000 crore. The PSU stock has delivered 116% returns in a year.

Tata Elxsi Q3 Results

Tata Elxsi reported a 3.6% YoY decline in net profit to โ‚น199 crore, with revenue rising 2.7% to โ‚น939.17 crore. Sequentially, net profit declined 13.3%. The EBITDA margin fell to 24.2%, attributed to geopolitical uncertainties and industry challenges in Europe and the US.

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