Latest Stock Market News

Iware Supplychain Services will launch its IPO on April 28, 2025. The IPO aims to raise ₹27.13 crore. The price band is set at Rs 95 per share. The company plans to use the funds for expansion and working capital. Iware offers integrated logistics solutions across multiple states. The firm reported a revenue of Rs 86.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

Macrotech Developers, known for its Lodha brand, plans to invest over Rs 8,000 crore this fiscal year to acquire land in MMR, Pune, and Bengaluru for new housing projects. This expansion strategy aims to generate Rs 25,000 crore in revenue.

Amid geopolitical tensions and market volatility, Nifty faces resistance while Bank Nifty shows signs of exhaustion after hitting a high. IT stocks, particularly TCS, Coforge, and Intellect, display recovery potential. Analysts suggest caution with longs, favoring large caps and providing trading ideas for CONCOR, TCS, and Bandhan Bank.

Mahindra & Mahindra is set to acquire a 58.96% majority stake in SML Isuzu for Rs 555 crore, purchasing shares from Sumitomo Corporation. This strategic move aims to bolster M&M s presence in the >3.5T CV segment, targeting a market share increase to 10-12% by FY31 and 20%+ by FY36.

BSE is focusing on market expansion. They plan to increase brokers to 800 and data center racks to 500. The exchange also aims to attract 500 Foreign Portfolio Investors. Efforts are underway to distribute trading volumes throughout the week. BSE will promote monthly contracts, especially for the bank index. This move aims to reduce the focus on expiry-day trading.

IDFC First Bank s shares are under scrutiny following a 58% YoY drop in Q4 net profit, attributed to a decline in its microfinance loan portfolio. Despite this, NII increased by 9.8% YoY, and customer deposits saw a 25.2% rise. Nuvama maintains a Hold rating, anticipating improved RoA in coming years, though the stock s valuation is considered fair.

Reliance Industries net profit rose to Rs 19,407 crore in Q4. Revenue increased to Rs 2.64 lakh crore. Jio Platforms and Reliance Retail showed strong growth. Brokerages like Motilal Oswal and Nomura have given a Buy call. They cite positive results and future growth potential. Focus is on new energy business and tariff hikes.