Latest Stock Market News

IREDA launched its first issue of perpetual bonds to raise Rs 1,247 crore, offering an 8.4% annual coupon to strengthen its financial position. The company also received Rs 24.48 crore in partial tax relief and expects a Rs 195 crore refund. The stock’s target price is Rs 215, showing a 42% upside, with a consensus HOLD recommendation.

Transrail Lighting secured new orders worth Rs 1,647 crore in the power transmission, distribution, and railway sectors. Year-to-date order inflows are nearing Rs 9,200 crore. The company, an EPC player with a presence in 59 countries, has completed over 200 projects in the power sector. Shares rose 17.29% last year, underperforming its sector by 64.44%.

Jubilant FoodWorks faces financial risks as the Turkish Lira depreciates sharply. CLSA warns that a 5% decline could reduce the company’s FY25 profit after tax (PAT) by 2-2.5%, with year-to-date depreciation potentially impacting PAT by 3.5-4%. The Lira s weakness also raises concerns about higher debt repayment costs following the acquisition of DP Eurasia, the master franchisee for Domino’s in Turkey.

As per the filing, D-Mart subscribed to 4.67 crore equity shares of AEL at an issue price of Rs 37.41 per share, which includes a premium of Rs 27.41 per share.

The Indian market is expected to trade higher on Thursday, supported by positive global cues. Nifty futures gained 0.32%, closing at 22,969. Options data suggests a broader range between 22,500 and 23,500, with an immediate range between 22,700 and 23,100. Experts recommend various stocks for short-term trading, including Doms Industries, SBI, and NMDC.

Indian benchmark indices, Nifty50 and Sensex, continued their upward trend for the fourth consecutive session due to gains in banking, auto, and IT stocks. This rally was supported by the US Federal Reserve s decision to maintain its rate-cut projections for the year, despite inflation concerns amid ongoing tariffs.

As recession fears grow in the US, experts suggest its impact on India may not be as dire due to strengthened domestic market participation. Investors are advised to maintain a balanced asset mix and watch global monetary signals closely for recovery indications.

Axis Securities recommends buying Aavas Financiers stock with a target of Rs 2055. Currently priced at Rs 1864.6, Aavas Financiers operates in the NBFC sector with promising financial growth. Recent trends and technical analysis suggest a positive trajectory, indicating a potential upside in the near term. Promoters hold 26.47% stake, while FIIs own 33.97%.

JM Financial recommends buying Bharat Heavy Electricals (BHEL) with a target price of Rs 358, highlighting the company s positive financial performance and the Indian government s focus on achieving 500GW capacity by 2030. BHEL, operating in the Engineering sector, reported a consolidated total income increase and a net profit after tax of Rs 116.44 crore for Q4 2024.