Mid-Day Market Movers: Top Gainers and Losers on January 9, 2025

Today, January 9, 2025, the stock markets faced a downturn on Thursday due to widespread selling. Weakness in global markets further contributed to the pressure.

By midday, the BSE Sensex was at 77,700, down 447 points or 0.57%. Similarly, the Nifty fell by 131 points or 0.56%, trading at 23,557.

Here are the mid-day top gainers and losers:

Mid-Day Top Gainers 

Symbol Open High Low LTP %chng
HINDUNILVR 2,405.05 2,473.65 2,386.40 2,450.75 2.07
BRITANNIA 4,860.55 5,050.00 4,840.05 4,950.00 1.85
NESTLEIND 2,215.45 2,271.80 2,204.05 2,252.25 1.46
KOTAKBANK 1,774.00 1,808.70 1,774.00 1,791.75 1.31
BAJAJ-AUTO 8,719.95 8,898.00 8,692.10 8,750.25 1.25

  • Hindustan Unilever

Hindustan Unilever Share Price opened at ₹2,405.05, reached a high of ₹2,473.65 and a low of ₹2,386.40, currently trading at ₹2,450.75 with a 2.07% gain.

  • Britannia Industries

Britannia Industries Share Price started at ₹4,860.55, peaked at ₹5,050.00, hit a low of ₹4,840.05, and is trading at ₹4,950.00, up by 1.85%.

  • Nestle India

Nestle India Share Price opened at ₹2,215.45, recorded a high of ₹2,271.80 and a low of ₹2,204.05, currently at ₹2,252.25 with a 1.46% increase.

  • Kotak Mahindra Bank

Kotak Mahindra Bank Share Price opened at ₹1,774.00, touched a high of ₹1,808.70, maintained a low of ₹1,774.00, and is now trading at ₹1,791.75, up by 1.31%.

  • Bajaj Auto

Bajaj Auto Share Price began at ₹8,719.95, reached a high of ₹8,898.00, a low of ₹8,692.10, and is trading at ₹8,750.25, gaining 1.25%.

Mid-Day Top Losers

Symbol Open High Low LTP %chng
ONGC 272.03 272.59 264.10 264.77 -2.42
COALINDIA 381.55 381.55 372.55 372.95 -1.95
SHRIRAMFIN 2,903.75 2,924.15 2,837.10 2,845.35 -1.84
LT 3,599.90 3,606.30 3,486.00 3,532.50 -1.78
TATASTEEL 132.00 132.40 130.16 130.52 -1.6

  • ONGC 

Oil & Natural Gas Share Price opened at ₹272.03, hit a high of ₹272.59 and a low of ₹264.10, currently trading at ₹264.77, down by 2.42%.

  • Coal India

Coal India Share Price started at ₹381.55, maintained a high of ₹381.55 and a low of ₹372.55, currently at ₹372.95, decreasing by 1.95%.

  • Shriram Finance 

Shriram Finance Share Price opened at ₹2,903.75, peaked at ₹2,924.15, hit a low of ₹2,837.10, now trading at ₹2,845.35, down by 1.84%.

  • Larsen & Toubro

Larsen & Toubro Share Price began at ₹3,599.90, reached a high of ₹3,606.30, a low of ₹3,486.00, and is trading at ₹3,532.50, falling by 1.78%.

  • Tata Steel

Tata Steel Share Price opened at ₹132.00, recorded a high of ₹132.40 and a low of ₹130.16, currently trading at ₹130.52, down by 1.6%.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

Reliance Jio, Subsidiary of Reliance Industries, Accelerates AirFiber Expansion to Boost 5G Monetisation

Reliance Jio is rapidly growing its 5G-based fixed wireless access (FWA) service, Jio AirFiber, with plans to significantly increase customer additions over the next year. According to news reports, this move aims to maximise 5G revenue generation as the company gears up for a potential IPO by the end of 2025.

Ambitious Targets for AirFiber Growth

Jio plans to onboard 1 million AirFiber customers within 30 days, leveraging higher data consumption and subscriber growth. To meet its aggressive goals, Jio has expanded its distribution network and simplified the AirFiber onboarding process, enabling the connection of over 1 million homes monthly. By September 2024, Jio had over 2.8 million AirFiber users and is estimated to have added 1.9 million more broadband customers in the December quarter.

Higher Revenue Potential from AirFiber

AirFiber generates significantly higher revenue than Jio’s mobile services. Its average revenue per user (ARPU) is ₹650-700 per month, over 3 times the ₹195 mobile ARPU reported in Q2FY25. This makes AirFiber a key driver for Jio’s 5G monetisation, which has faced delays despite a $25 billion investment in 5G infrastructure.

In July 2024, Jio raised its minimum plan threshold for 5G mobile broadband, encouraging users to shift to higher-value plans. Analysts believe expanding AirFiber’s high-ARPU customer base will accelerate monetisation efforts, with the full impact of mobile tariff hikes expected by Q4FY25 and Q1FY26.

Positive Outlook for ARPU Growth

Faster 5G monetisation is likely to boost Jio’s ARPU, improving its financial position and investor appeal ahead of the IPO. 

Potentially India’s Largest IPO

Sanford C Bernstein has valued Jio Platforms Ltd (JPL), encompassing Reliance’s telecom and digital businesses, at $98 billion. Based on this valuation, Jio’s IPO could raise around ₹42,100 crore, making it India’s largest ever.

Under current regulations, companies valued at ₹1 trillion or more must sell at least 5% of their stake during an IPO. Reliance Industries, led by Mukesh Ambani, owns a 66.5% stake in JPL, with the remaining 33.5% held by strategic investors like Meta, Google, and private equity firms.

The largest IPO in India so far was Hyundai India’s ₹27,856 crore offering in 2023. Bernstein predicts Jio will achieve a 17% compound annual revenue growth rate over the next 3 years, driven by a 14% ARPU increase in FY26 and a market share rise to 48% of industry revenue.

Jio’s expansion of AirFiber and its focus on higher ARPU customers position it well for a strong IPO, potentially reshaping India’s telecom and digital sectors.

About Reliance Industries Limited

Reliance Industries Limited is a large Indian company based in Mumbai, Maharashtra. It operates in various sectors, including energy, petrochemicals, natural gas, retail, entertainment, telecommunications, media, and textiles.

As of 11:39 AM on January 9, Reliance Industries share price is trading at ₹1,260.15, down by ₹5.35 (0.42%). The stock opened at ₹1,267.00, reached a high of ₹1,269.75, and a low of ₹1,250.00. The market capitalisation is ₹17.05 lakh crore, with a P/E ratio of 25.11 and a dividend yield of 0.40%. Over the past 52 weeks, the stock has reached a high of ₹1,608.80 and a low of ₹1,201.50.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

Budget 2025: AMFI Seeks Indexation Return for Debt Funds

The Association of Mutual Funds in India (AMFI) has put forward a 15-point proposal for the Union Budget 2025-26. Among these, the top priority is restoring tax benefits for debt funds, including indexation benefits, which were removed in Budget 2024. This proposal also includes revising tax rates on capital gains and redefining equity-oriented funds to include overseas equity fund investments.

The Need for Restoring Indexation Benefits

The mutual fund industry is pushing for the return of indexation benefits, which help reduce the impact of inflation on capital gains. Before Budget 2023, indexation played a critical role in making debt funds more attractive to investors.

AMFI stated, “Debt Mutual Funds on a long-term average basis give returns in the range of 6%~8%. Indexation is not a Tax waiver but a Neutralizer of the impact of inflation. The removal of indexation benefits will have a material impact on Debt Mutual Fund investors. It may be noted that the debt mutual fund investors have been getting taxed at a marginal rate since April 01, 2023, which has already hurt them significantly. Now, the removal of the indexation benefit for grandfathered investments before March 31, 2023, will also hurt old investors.”

The Importance of Favourable Taxation Policies

Restoring indexation and reintroducing long-term and short-term taxation would make debt funds more appealing to retail investors and encourage long-term savings.

Other Key Demands from the Industry

The mutual fund industry also seeks permission to launch pension-oriented schemes like Mutual Fund Linked Retirement Plans (MFLRP), with tax benefits similar to the National Pension System (NPS).

“Allowing Mutual Funds to launch MFLRS would bring pension benefits to millions of Indians in the unorganised sector. A long-term product like MFLRS can play a catalytical role in channelling household savings into the securities market and bring greater depth. Such depth brought by the domestic institutions would help balance the volatility in the markets and reduce reliance on the FPIs.” AMFI stated.

The mutual fund industry hopes the government’s favourable tax measures in Budget 2025 will make debt funds more competitive, promote savings, and support long-term economic stability.

For a detailed analysis of Deloitte India’s Union Budget 2025-26 report, click here to explore the key expectations and growth drivers.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.

Titan’s IRTH Bags Aims for ₹1,000 Crore Revenue by FY27

Titan Company Ltd, a Tata Group firm, has launched its second exclusive IRTH store in Chennai at Phoenix Market City, Velachery. This marks a significant step in expanding its presence in South India. The IRTH brand focuses on premium bags designed specifically for women, offering a range of stylish and functional products at affordable prices.

Ambitious Revenue and Expansion Goals

Titan aims to achieve ₹1,000 crore in revenue by FY27 from its IRTH and Fastrack bags divisions. To meet this goal, the company plans to open 100 exclusive stores across India by FY27, showcasing its commitment to providing high-quality products and services.

Diverse Product Range

IRTH bags cater to the modern woman, featuring a various range of options such as handbags, totes, shoulder bags, handhelds, slings, cross-body bags, and wallets. These products include style and functionality to meet the needs of fashion-conscious consumers.

Manish Gupta, CEO of Titan’s Fragrance and Accessories division, expressed enthusiasm about strengthening the brand’s footprint in South India. “We are thrilled to launch our second exclusive store in Chennai, a vibrant city with a growing demand for premium fashion accessories,” Gupta said.

Future Outlook

The brand expects significant growth in the coming years, driven by favourable market conditions and strong customer response. “With IRTH’s unique blend of style and functionality, we anticipate exceeding ₹1,000 crore in revenue by FY27 from both IRTH and Fastrack bags,” Gupta added.

Titan opened its first exclusive IRTH store in Mumbai, setting the foundation for its expansion plans across India.

About Titan Company Limited

Titan Company Limited, an Indian company, specialises in creating fashion accessories like jewelry, watches, and eyewear. It is part of the Tata Group and began as a joint venture with TIDCO. The company’s corporate headquarters is located in Electronic City, Bangalore, while its registered office is in Hosur, Tamil Nadu.

Titan Company share price is priced at ₹3,480.25, down by ₹3.80 (0.11%) as of 9:56 am on January 9. The stock opened at ₹3,485.95, reached a high of ₹3,506.45, and a low of ₹3,461.55 during the trading session. With a market capitalisation of ₹3.08 lakh crore, Titan has a P/E ratio of 95.13 and a dividend yield of 0.32%. The stock’s 52-week range includes a high of ₹3,886.95 and a low of ₹3,055.65.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

Vedanta Chairman Anil Agarwal Acquires London’s Riverside Studio

Anil Agarwal, the founder and chairman of Vedanta Group, has become the new owner of London’s iconic Riverside Studio. This 100-year-old cultural landmark, located on the north bank of the River Thames, is now renamed the Anil Agarwal Riverside Studios Trust, according to a press release issued on Wednesday.

A Global Hub for Arts and Culture

Riverside Studio is a celebrated global centre for arts, with a rich history of hosting performances by legendary artists like The Beatles, David Bowie, Dario Fo, and David Hockney. Anil Agarwal envisions transforming it into a premier destination for showcasing Indian and international art and culture.

“I believe art has the power to unite people and uplift the human experience,” said Agarwal. He extended an invitation to Indian artists and filmmakers to use the venue to present their talents and cinematic brilliance. The space will also host global leaders from various fields to share their inspiring journeys and life stories.

Fostering Creativity and Cultural Exchange

This acquisition reflects Agarwal’s dedication to promoting creativity and fostering cultural connections. Through his #ArtInEveryHeart initiative, he aims to make art accessible to everyone while celebrating the cultural ties between India and the world.

The Riverside Studios will feature immersive performances, exhibitions, and cinematic showcases. It will continue hosting world-class productions while celebrating heritage and diversity. Agarwal expressed his goal of creating a space that nurtures creativity and inspires social change.

About Vedanta Ltd

Vedanta is a diversified natural resources company involved in exploring, mining, and processing minerals and oil & gas. The company produces and sells zinc, lead, silver, copper, aluminium, iron ore, and oil & gas. It operates in multiple countries, including India, South Africa, Namibia, Ireland, Liberia, and the UAE. Vedanta is also engaged in other businesses, such as power generation, steel production, and port operations in India. Additionally, it manufactures glass substrates in South Korea and Taiwan.

Vedanta share price is trading at ₹442.70, down by ₹3.70 (0.83%) as of 9:49 am on January 9. The stock opened at ₹447.00, reaching a high of ₹448.05 and a low of ₹440.50 during the session. Vedanta’s market capitalisation is ₹1.73 lakh crore, with a P/E ratio of 14.84 and an impressive dividend yield of 10.65%. Over the past year, the stock has recorded a 52-week high of ₹526.95 and a 52-week low of ₹249.50.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

 

Sobha Share Price in Focus: Q3 FY25 Sales Drop 29% YoY, Bengaluru Dominates

Real estate developer Sobha reported a 29% year-on-year (YoY) drop in sales for Q3 FY25, totalling ₹1,388.6 crore. Despite the YoY decline, sales improved by 17.8% compared to the previous quarter (QoQ).

Bengaluru Leads the Sales

Bengaluru contributed a significant 72.1% of the company’s total sales during the quarter. Sobha Ayana, one of the company’s key projects, accounted for over 50% of Bengaluru’s sales value in Q3 FY25.

New Sales and Average Realisation

Sobha sold 1.01 million square feet (msf) of space in Q3 FY25, achieving an average price realisation of ₹13,663 per square foot (sq ft).

9M FY25 Performance

For the first nine months of FY25 (9M FY25), Sobha reported total sales of ₹4,440.8 crore, reflecting a 13.61% decline YoY. During this period, the company launched 6 projects across four cities, covering 4.66 msf.

The average price realisation for 9M FY25 rose by 31.3% YoY to ₹14,226 per sq ft, driven by price increases in ongoing projects and higher realisation from newly launched projects.

Project Portfolio

Sobha’s portfolio spans cities like Bengaluru, Gurgaon, GIFT City, Hyderabad, Pune, Kochi, Thrissur, Calicut, Trivandrum, Chennai, and Coimbatore.


The company highlighted that growth in commercial space demand, a key indicator of job creation, continues to drive urbanisation. This supports sustained residential demand in major cities. However, Sobha noted that supply is also expected to rise in the medium term.

About Sobha Limited

Sobha Limited, established in 1995, is a real estate company that develops townships, housing projects, commercial spaces, and related activities. The company also manufactures products for interiors, glazing, metalwork, and concrete.

Sobha share price is trading at ₹1,393.85, down by ₹42.20 (2.94%) as of 9:41 am on January 9. The stock opened at ₹1,426.00 and reached a high of ₹1,431.45 and a low of ₹1,390.10 during the session. Sobha’s market capitalisation stands at ₹14,080 crore, with a P/E ratio of 253.75 and a dividend yield of 0.22%. Over the past year, the stock has touched a 52-week high of ₹2,161.21 and a 52-week low of ₹1,175.09.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

 

Closing Bell: Sensex and Nifty End Week in Green; Pharma Leads Gains on December 27

The Sensex closed higher by 226 points, or 0.29%, at 78,699.07 in the final trading session of the week. The index moved within a range of 78,598.55 to 79,043.15 during the day. Similarly, the Nifty50 gained 63 points, or 0.27%, to settle at 23,813.40, with a high of 23,938.85 and a low of 23,800.60.

Top Gainers and Losers

Among Nifty50 constituents, 29 stocks ended higher. Dr Reddy’s Labs, Mahindra & Mahindra, IndusInd Bank, Eicher Motors, and Wipro were the top gainers, posting gains of up to 2.51%. 

On the other hand, 21 stocks, including Hindalco, Coal India, SBI, ONGC, and Tata Steel, closed lower, with losses extending up to 1.81%.

Sectoral Performance

Sectoral indices showed mixed trends. Nifty Pharma outperformed with a gain of 1.30%, followed by Nifty Auto and Nifty Healthcare, which rose by 0.97% and 0.80%, respectively. Meanwhile, indices such as Nifty Metal, Nifty PSU Bank, Nifty Realty, and Nifty Oil and Gas ended in the red, weighing on market sentiment.

Oil Prices

As of December 27, 2024, at 04:04 PM, Brent Crude was trading at $73.49, up by 0.34%.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

Kusum Kumari

Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.