Latest Stock Market News

Clean Science and Technology s shares plunged 8.9% after promoters Ashok Boob and Krishnakumar Boob reportedly sold a 20% equity stake through a block deal. The transaction involved 2.08 crore shares, executed at a floor price of Rs 1,030 per share, a 12.8% discount. Following the sale, the promoter group s holding is expected to decrease significantly from 74.97%.

Shares of Vibhor Steel Tubes and Borana Weaves will come into focus on Thursday as their shareholder lock-in periods end. About 38 lakh shares (20% equity) of Vibhor Steel and 15 lakh shares (6% equity) of Borana Weaves will become tradeable.

Vedanta shares: The NCLT deferred its hearing on the company’s five-way demerger to September 17 following government objections over alleged concealment of information and inflated revenues, while the Supreme Court rejected Vedanta’s compensation plea in a separate case. The stock fell nearly 3% on Wednesday after the developments.

Indian equity markets traded higher, fueled by gains in Reliance Industries and financial stocks, continuing a five-day rally amid GST cut optimism. The Sensex and Nifty both saw increases, while investors awaited insights from the Federal Reserve s symposium regarding interest rates. Market experts advise vigilance regarding valuations, particularly within the small-cap sector, despite overall positive momentum.

Shares of Bajaj Finserv rose 2% after Jefferies initiated coverage with a ‘buy’ rating and a target price of Rs 2,420, citing limited impact from Jio Financial’s entry. The brokerage sees 22% core earnings CAGR over FY25–28, driven by strong growth at Bajaj Finance, improving profitability in BAGIC and BALIC, and upside from new ventures in mutual funds, healthcare, and tech.

RailTel shares: The PSU bagged contracts worth nearly ₹50 crore. The deals include a ₹34.99 crore project from Kerala’s IT Mission for data centre operations and a ₹15.42 crore contract from Odisha’s Higher Education Department to develop bilingual college websites.

India Cements shares surged following UltraTech Cement s announcement of selling up to 6.49% stake through an offer for sale (OFS) to comply with SEBI s minimum public shareholding norms. UltraTech, the majority shareholder after acquiring India Cements in December 2024, aims to reduce its holding from 81.49%. The OFS will occur over two days, with non-retail investors bidding first.

The Q1 earnings season revealed a concerning trend as 51 previously profitable companies, including Tejas Networks and Ideaforge, slipped into losses. This downturn, impacting various sectors, reflects a broader market slowdown with single-digit growth. While analysts anticipate a recovery in the second half of FY26, downgrades outnumbered upgrades, prompting caution among investors.

Brokerages have released fresh recommendations across sectors, projecting significant upsides in select stocks. JSW Steel, Bajaj Auto, and Schloss Bangalore are among the buy recommendations, with potential upsides ranging from 6% to 48%. Conversely, Garden Reach Shipbuilders faces a Sell rating due to anticipated peak growth in FY27.