Latest Stock Market News

Indian economy is set for a positive trajectory over the next 20 years due to favorable demographics. However, investors should remain vigilant against overpricing and external financial influences, particularly from China and global liquidity flows. Learning from past complacency, strategic timing and careful investment will be crucial for sustained growth.

Divyadhan Recycling Industries shares debut on NSE SME at Rs 84, a 31.25% premium over the issue price of Rs 64. The IPO was subscribed 41 times, with high interest from non-institutional investors. The company plans to use Rs 17.03 crore for plant and machinery, with some funds set aside for general corporate purposes.

Axis Securities has overweight call on Bharti Airtel with a target price of Rs 1,900. The current market price of Bharti Airtel is Rs 1,669.8.

Axis Securities is optimistic about nine large-cap stocks across sectors like banking, financials, telecom, and IT, forecasting potential gains of up to 30%.

The stock traded at a P/E multiple of 10.31, while the price-to-book value ratio stood at 1.34.

A total of 2,008 shares changed hands on the counter till 11:00AM (IST).