Major Stock Recommendations for Today

బిజినెస్ బిజినెస్

Posted by NewAdmin on 2025-01-23 13:07:04 |

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• Hindustan Unilever (HUL): After a mostly in-line third-quarter performance, HUL emerged as one of the top losers today, settling nearly 1% lower at ₹2,322.9 per share. The company faced criticism due to weak management commentary following its earnings report.
• Zomato: In contrast, Zomato's shares rose by 2.08%, recovering from previous declines as investors reacted positively to its strategic initiatives aimed at improving profitability.
• Coforge: Leading the Nifty IT index, Coforge's stock surged by 11.5%, closing at ₹9,175.6 per share. The IT company reported a 10% year-on-year increase in profit after tax (PAT) and a remarkable 43% growth in revenue for the December quarter, showcasing strong operational performance.
• Dr. Reddy's Laboratories: Shares of Dr. Reddy's fell after a downgrade from CLSA, which raised concerns about increased competition in its key drug offerings. This reflects broader market apprehensions regarding pharmaceutical stocks amid evolving market dynamics.

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