Indian benchmark indices opened the calendar year 2025 with volatility but quickly gained momentum. As of 2:05 PM on January 01, 2025, the Nifty50 index climbed 0.70%, crossing the 23,800 mark. Most sectoral indices traded in the green, except for Nifty Realty, which dipped 1.07%, while Nifty Auto surged over 1%.
The India VIX, a measure of market volatility, cooled off from the day’s high and remained flat at 14.45 levels.
Amid this bullish sentiment, Coromandel International Ltd and Blue Star Ltd emerged as standout performers, hitting fresh 52-week highs.
Company Overview: Coromandel International Limited is one of India’s leading Agri solutions providers, offering products and services across the farming value chain. It operates in 2 primary segments: Nutrient and Allied Businesses – Includes fertilisers and speciality nutrients. Crop Protection – Offers a wide range of technical and formulation products marketed both domestically and internationally.
Key Highlights:
Coromandel’s robust product portfolio and focus on innovation continue to drive its growth trajectory, reflected in its share price performance.
Company Overview: Blue Star Ltd is a leading Indian central air-conditioning and commercial refrigeration company with manufacturing units in Ahmedabad, Dadra, Thane, Himachal Pradesh, and Sricity (Andhra Pradesh).
Key Segments and Contributions as of FY23:
Upcoming Event: The company’s Board of Directors is scheduled to meet on January 29, 2025, to review its Q3 and 9-month FY25 financial results.
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 the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 1, 2025, 4:25 PM IST
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