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RailTel Share Price: The contract is for providing MPLS/ILL (Multi-Protocol Label Switching/Internet Leased Line) services for a duration of 5 years. It is a rate contract for 5 years to renew existing MPLS/ILL links and provide new connections as needed, based on feasibility.

Indian stocks continue to rise, marking the sixth straight session of gains, driven by strong performances in banking and energy sectors, FII buying, and positive domestic macros. The BSE Sensex jumped over 900 points while Nifty50 surpassed 23,600, fueled further by falling U.S. Treasury yields and strong technical indicators.

According to CLSA, the changes are expected to reduce operating expenses (Opex) for Indraprastha Gas Ltd (IGL) and, to some extent, for Mahanagar Gas Ltd (MGL). However, GSPL is anticipated to be the biggest beneficiary of these amendments, as highlighted by the global brokerage firm.

Kotak Mahindra Bank Share Price: The rally followed the private lender s announcement of key leadership changes, including the appointment of a new Chief Technology Officer, aimed at bolstering its senior management team.

Adani Group stocks fell 21% in FY25, losing Rs 3.4 lakh crore in market value due to investor caution, regulatory issues, and FII sell-offs. Adani Green, Adani Enterprises, and NDTV saw steep declines, while broader market volatility and policy uncertainties also impacted valuations. The group denies all allegations.

JM Financial maintains a Buy recommendation on Bajaj Finserv with a revised target price of Rs 2,100. Bajaj Finserv, a prominent player in the NBFC sector, has reported a net profit of Rs 4,408.79 crore in the latest quarter. Promoters hold 60.64% stake, while FIIs and DIIs hold 7.16% and 8.9% respectively.

India is highlighted as a key growth opportunity among emerging markets, with renewed interest in its equities. Strong pro-market economic policies and themes such as increased female workforce participation and manufacturing absorption are driving this optimistic outlook. Valuations remain at a premium, but recent market corrections have made investments more appealing.

Buy JK Cement, target price Rs 5,300: JM Financial

Updated at : 2025-03-24 11:25:02

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JM Financial recommends buying JK Cement with a target price of Rs 5,300, up from the current Rs 4,824.85. The company aims to double grey cement capacity by FY30, promising significant volume growth. Strong market mix and cost improvements are expected, despite planned capex. JK Cement remains a preferred mid-cap pick, with promoters holding a 45.68% stake.

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Chirag Doshi, CIO-Fixed Income at LGT Wealth India, suggests investing in medium to long-duration government bonds due to expected RBI rate cuts. He recommends a diversified portfolio with a mix of government, state development, and high-rated corporate bonds for balanced yield stability. Doshi advises flexibility to capitalize on capital appreciation opportunities presented by the current market conditions.

Indian equities saw a sharp rebound this week, led by strong performances in the midcap and smallcap segments. Experts predict further outperformance in these areas, noting technical strengths and broad-based buying interest across sectors like defence, railway, oil marketing, and power.

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