With corporate earnings rolling in, the spotlight is on how companies are performing amid evolving market conditions. Investors are dissecting results, tracking stock movements, and adjusting strategies to stay ahead in this dynamic earnings season.
As indicated by GIFT Nifty, Indian equity indices BSE Sensex and NSE Nifty 50 are likely to open lower on Thursday, January 9. Here’s a look at the key stocks to watch in today’s trade.
Stocks in Focus: GIFT Nifty was trading 41 points or 0.17 per cent higher at 23,714 indicating a negative start for domestic indices NSE Nifty 50 and BSE Sensex on Thursday.
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Indian equity markets ended Wednesday’s trading session on a flat note after a day of high volatility. The Sensex slipped by 50.62 points (0.06%) to settle at 78,148.49, while the Nifty dipped by 18.95 points (0.08%) to close at 23,688.95.
Quarterly watch: Key earnings announcements on January 9
On January 9, the quarterly earnings of companies such as TCS, GTPL Hathway, IREDA, Mishka Exim, Padam Cotton Yarns, Tata Elxsi, Teamo Productions HQ, Vivo Bio Tech, Yash Highvoltage, and Annvrridhhi Ventures are scheduled to be announced.
Stocks to watch on January 9, 2025 Tata Motors
Tata Motors’ subsidiary Jaguar Land Rover (JLR) reported a nuanced performance this quarter. Wholesale volumes grew by 3% YoY to 1,04,427 units, rebounding from supply chain disruptions, while retail sales dipped by 3% YoY to 1,06,334 units. However, sequential growth in wholesales showed a robust 20% surge compared to Q2 FY25. Flagship models like the Range Rover (+22%), Range Rover Sport (+17%), and Defender (+13%) led the charge, accounting for a 70% mix in wholesale volumes.
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