Latest Stock Market News

Moody s has placed IndusInd Bank s baseline credit assessment under review for downgrade due to concerns over internal control discrepancies in derivative accounts and ongoing retail loan stress. The bank discovered a $175 million accounting discrepancy related to currency derivatives. Shares have dropped 28% since the central bank s decision on CEO Sumant Kathpalia s term extension.

Bajaj Finserv share price: According to the Share Purchase Agreement (SPA), Bajaj Finserv will acquire approximately 1.01%, Bajaj Holdings and Investment Ltd. will take around 19.95%, and Jamnalal Sons will acquire about 5.04%, amounting to a total of 26% in each insurance company. Following the acquisition, Bajaj Finserv will hold a 75.01% stake in both companies.

JM Financial recommends buying Hindalco Industries with a target price of Rs 800, citing strong aluminum prices and stable margins. The company reported a total income of Rs 58899 crore and a net profit of Rs 3734 crore for the latest quarter. Promoters hold 34.64% stake, and strong performance is expected to continue.

Swiggy s shares have plunged 43% from their peak, amid rising cash burns and fierce competition in the quick commerce segment, along with a slowdown in its core food delivery business. The path to profitability remains unclear, but some analysts see a buying opportunity due to potential long-term growth in both food delivery and quick commerce.

Tata Motors will increase commercial vehicle prices by up to 2% from April 1, 2025, to offset rising input costs. The hike will vary across models and variants. This follows Maruti Suzuki s decision to raise prices by up to 4% in April. Tata Motors stock closed 0.8% higher at Rs 660.90 on Monday.

IREDA shares have seen a 1-year price gain of 7.26%, but a Year-To-Date (YTD) decline of 37.74%. Over the past 6 months, the price has decreased by 39.36%, and in the last 3 months, it has dropped by 35.01%. The 1-month price decline stands at 16.56%.

Now, in many sectors, the valuations are back to reasonable levels. However, even in the current market, risk-reward is more favorable in large caps. Selective areas of mid cap and small cap stocks are now looking attractive.

IRCON shares: The project involves constructing a new Secretariat Complex, including campus infrastructure, in New Shillong City. IRCON holds a 26% stake in the joint venture, valued at Rs 285 crore, while BRC holds the remaining 74%. The contract is set to be completed within 36 months.

Aditya Birla Real Estate shares: Birla Punya marks the company’s foray into Pune’s residential market, offering approximately 1,000 apartments across four high-rise towers. Spread over 5.76 acres, the project will feature 1.6 million sq. ft. of saleable area and will be developed in phases.