Latest Stock Market News

HeidelbergCement shares jumped 18% to a new 52-week high of Rs 257.85 on the BSE following reports that the Adani Group is in talks to acquire its Indian cement operations. The buyout, led by Ambuja Cements, is estimated to be valued at around $1.2 billion (Rs 10,000 crore).

These are the companies which have seen different cycles at different points of time and maybe in different geographies as well. They generally have technological superiority over their counterparts. And also when you look at their financial profile, generally their ROE levels are much higher than the rest of the market.

The stock quoted a 52-week high price of Rs 494.85 and a 52-week low of Rs 230.75.

Major cryptocurrencies, including Bitcoin and Ethereum, surged on Monday following robust U.S. labor market data, easing fears of a recession and reducing expectations for rate cuts. The global cryptocurrency market cap rose by 2.58%, reaching approximately $2.21 trillion over the last 24 hours.

Info Edge (India) shares fell 3.3% despite a 12% YoY billing increase to Rs 650.3 crore for Q2. The company reported strong profit growth amid significant share price gains.

The stock quoted a 52-week high price of Rs 1826.2 and a 52-week low of Rs 1002.7.

Investec maintains a hold rating on Titan with a target price of Rs 4,100, expecting strong revenue growth but muted PAT. The jewellery segment sees good growth, but a weak studded mix may dent margins. Watches and wearables grew 19% YoY, while eyewear lags behind. Emerging businesses posted double-digit growth, with fragrances up 19% and fashion accessories up 11%.

The Nifty IT index was trading 0.24 per cent up at 42013.8.

Many stocks have corrected 30-40%. So, all those things are quite possible. It is happening and I think that is good and healthy for the market from a long-term perspective.