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Bharat Dynamics Soars on Defence Order, Supreme Industries Slips on Weak Q3, Havells Gains Despite Profit Dip
Bharat Dynamics Soars on Defence Order, Supreme Industries Slips on Weak Q3, Havells Gains Despite Profit Dip
Written by - Fisdom Research
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January 20, 2025
2 minutes
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Market Snapshot
The Indian equity market started the week on a strong note, recovering all previous session losses with a 0.5% gain.
Financial, power, and telecom stocks were the key drivers of the rally.
Positive global cues supported the market sentiment, leading to a higher opening for benchmark indices.
The indices extended gains throughout the session, closing near the day’s high.
Broad-based buying was seen across sectors, except for IT, FMCG, and auto, which remained under pressure.
Sectoral Trends
Sector Name
% Change
Sector Name
% Change
NIFTY PRIVATE BANK
2.4
NIFTY METAL
1.1
NIFTY PSU BANK
2.0
NIFTY MEDIA
1.0
NIFTY BANK
1.7
NIFTY CONSUMER DURABLES
0.8
NIFTY FINANCIAL SERVICES
1.4
NIFTY REALTY
0.7
Top News
Bharat Dynamics surged 5% to ₹1,345, hitting a 1-month high, after securing a ₹2,960 crore contract with the Defence Ministry for MRSAM systems, boosting its order intake to ₹3,110 crore in FY25.
Supreme Industries fell over 4% after reporting a 27% YoY decline in PAT to ₹187 crore for Q3FY25, with EBITDA margins contracting to 12.3% due to weaker profitability.
Havells India gained despite a marginal drop in net profit to ₹283 crore in Q3, impacted by inventory de-stocking in wires and price deflation in lighting, while Lloyd’s performance improved.
BPCL board OK’s Rs. 1000 crore Maharashtra Natural Gas IPO
Coating emulsions and adhesives maker Jesons Industries plans IPO
Technical Outlook: Key Indices
Indices Name
Support
Resistance
Nifty
23,300
23,550
Bank Nifty
48,000
50,000
Top Gainers and Losers
Top Gainers
% Change
Top Losers
% Change
KOTAKBANK
9.1
SBILIFE
-2.8
WIPRO
6.6
TRENT
-2.2
BAJFINANCE
3.4
SHRIRAMFIN
-2.0
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