Latest Stock Market News

A total of 723,715 shares changed hands on the counter till 02:19PM (IST).

Melania Coin, launched on January 20, 2025, surged initially to a market cap of $2 billion but has since plummeted over 70%, falling to $4.03. Similarly, Trump Coin, launched on January 17, has dropped by 43%, reaching $42.80. Meanwhile, Bitcoin saw a sharp rally past $107,000 after the SEC announced a crypto task force. Both meme coins were launched on the Solana blockchain as symbols of support for Donald Trump’s administration.

Indian water purifier company Kent R O Systems files for an IPO, seeking to sell a 10% stake. Founder Mahesh Gupta and family to offload 10.1 million shares from their 99.77% interest. Revenue reached 11.78 billion rupees in March 2024, trailing competitor Eureka Forbes.

Eight equity mutual funds, including seven small-cap funds and one mid-cap fund, offered over 30% SIP returns in the last five years, with Quant Small Cap Fund leading at 36.43% XIRR.

If we look at IT as a space, we expect the US BFSI demand to be strong. The US economic outlook continues to be good from a growth perspective. If we look at the domestic pharma space, while we continue to see good growth in domestic formulations, the US export market again continues to be very interesting, both from a generic and contract research and manufacturing perspective.

Tata Communications Q3 Results: Tata Communications reported a substantial 424% YoY increase in net profit for Q3 to Rs 236 crore, driven by growth in digital revenues and better margins. Revenue rose 4% YoY to Rs 5,798 crore. The company is focused on performance optimization and value unlocking, with strategic reviews of subsidiaries and disciplined capital allocation.

European stocks extended their recent run of gains on Wednesday, with strong holiday-quarter performance from Adidas pushing German shares to record highs and healthcare stocks posting strong gains.

As of 31-Dec-2024, promoters held 60.2 per cent stake in the company, while FIIs held 25.26 per cent and domestic institutional investors had 4.08 per cent.

The stock quoted a 52-week high of Rs 5033.20 and a 52-week low of Rs 2844.45.