Latest Stock Market News

Axis Securities has upgraded Coal India to Buy with a target price of Rs 449. The company s stock is expected to reach the target within 3-4 weeks. Coal India showed significant growth in the last quarter with a 17.85% increase in total income and a net profit of Rs 8420.23 crore. Promoters hold a 63.13% stake in the company.

SG Finserve shares surged 20% to Rs 432.6 on Tuesday after veteran investor Madhusudan Murlidhar Kela acquired a 1.7% stake in a bulk deal. Meanwhile, Dinesh Pareekh sold a 0.53% stake. Additionally, ace investor Ashish Kacholia held a 1.14% stake in the company as of December 2024. The stock s rally reflects investor confidence in the company.

The Nifty Pharma index was trading 0.79 per cent down at 21599.05.

The recent increase in the threshold limit for FPI disclosure from 25,000 to 50,000 crores is significant. This change enhances market surprise elements and simplifies SEBI s paperwork, potentially attracting diverse and smaller foreign investors while improving India s international market perception.

Ola Electric Mobility shares will be in focus after the company settled its dues with Rosmerta Group, leading to the withdrawal of petitions filed before the National Company Law Tribunal (NCLT), Bengaluru. Ola Electric confirmed the settlement between its subsidiary, Ola Electric Technologies, and Rosmerta Group, resulting in the withdrawal of the legal petitions, according to an exchange filing.

Over the last four years, the funds have delivered consistent double-digit returns to investors who have allocated to this Performing Credit strategy as part of their portfolio.

Power Grid Corporation of India has acquired three project SPVs for a total of Rs 43.73 crore to enhance power infrastructure in Gujarat, Andhra Pradesh, Karnataka, Rajasthan, and Madhya Pradesh. These projects will follow the BOOT model, involving the development of substations and transmission lines.

The RBI s revised Priority Sector Lending (PSL) guidelines, effective April 1, 2025, aim to improve credit access to key sectors like housing, renewable energy, and MSMEs. Key changes include higher loan limits, expanded definitions for weaker sections, and revised targets for various banks. The new framework seeks to support national development, financial inclusion, and sustainable economic growth.

HDFC Securities has a Reduce call on Greenpanel Industries, lowering the target price from Rs 255 to Rs 210. Despite a 4.38% revenue increase in the latest quarter, concerns include below-average market demand and elevated timber prices. Promoters hold 53.13% stake in the company, with significant capacity expansion expected to improve margins by FY27.

Brigade Enterprises share price: Brigade Enterprises has acquired 4.4 acres in Whitefield, Bangalore for a premium residential project valued at Rs 950 crore. The development will feature top-notch amenities and is strategically located to benefit from Whitefield s connectivity and infrastructure, aligning with the company s vision for luxury living.