Latest Stock Market News

European shares were flat on Thursday, hovering below a record high touched in the previous session, as a drop in technology shares offset gains in telecom and utilities, while investors assessed a mixed set of corporate earnings.

IREDA shares were trading 1.5% lower at Rs 197.20 on the BSE following the announcement. The stock has experienced notable fluctuations, dropping nearly 27% over the past six months but rising over 32% in the last 12 months.

The company reported a 10.5% YoY and 9% QoQ growth in its domestic sales volume. Additionally, trade volume increased by 12.5% YoY, while rural sales volume rose by 13% compared to Q3FY24.

Reliance Jio has launched JioCoins, a blockchain-based digital token built on Polygon. JioCoins reward users for browsing via JioSphere and mark a step toward Web3 adoption, with regulatory implications under India’s cryptocurrency framework.

Adani Energy Q3 Results: The quarterly revenue from operations rose 28% YoY to Rs 5,830 crore from Rs 4,563 crore but dropped 6% sequentially from Rs 6,184 crore in Q2FY25. Meanwhile, the bottom line fell 17% sequentially to Rs 675 crore, reflecting a decline compared to the July-September 2024 quarter, despite strong annual growth in revenue performance.

ZEE Entertainment Enterprises (ZEEL) reported a 180% YoY growth in net profit to Rs 164 crore in Q3, despite a 3% YoY revenue decline to Rs 1,979 crore. Advertising revenue improved 4% QoQ but declined 8% YoY. Subscription revenues rose 7% YoY to Rs 982 crore.

An analysis by ETMarkets revealed that, over the past three quarters (June 2024 to December 2024), foreign institutional investors (FIIs) have steadily reduced their holdings in around 143 stocks, all with a market cap of over Rs 1,000 crore.

Karamtara Engineering has filed papers with Sebi to raise Rs 1,750 crore through an IPO. The IPO includes a fresh issue of shares worth Rs 1,350 crore and an offer for sale of shares worth Rs 400 crore. Funds from the IPO will be used to pay debt and for corporate purposes.

Alchemy Capital Management has launched the Alchemy Smart Alpha 250 Fund, a Category III AIF focusing on long-term capital appreciation through large and mid-cap equity investments. With a minimum investment of Rs 1 crore, the fund uses a proprietary eQGP framework for active management. It aims for high alpha with lower volatility and is managed by Alok Agarwal.

Jefferies has rated Bharti Airtel as the top telecom pick, citing strong data subscriber growth and market share gains despite tariff hikes. Reliance Jio received a “buy” rating due to its recovery in 4G/5G additions. Vodafone Idea struggles with persistent subscriber losses. Jefferies expects Airtel and Jio to dominate, while Vodafone Idea faces intensified competition.