Latest Stock Market News

For investors, spotting consistent performers can be a valuable strategy. ETMarkets has identified seven stocks that have gained over 10% each month for the past five months of FY25.

Benchmarks use a straightforward rule of reward and reprimand for periodic asset adjustments: high-performing stocks are included, while underperformers are removed. This rebalancing ensures that an index accurately mirrors its intended market segment. The NSE Indices Committee has recently announced the September 2024 semi-annual reshuffle, impacting major indices.

The broader Topix, with its lower proportion of tech companies and other exporters, advanced 0.64%. A sub-index of value shares rallied 0.91%, outperforming a 0.35% rise in growth shares.

​In fact, in this calendar year, the first seven months or first eight months for which we have the data, we are seeing the total domestic inflows into the equity market from all sources, be it SIPs, be it mutual fund, be it direct stocks.

I would look at companies which are specifically focusing on brands, that is where the valuation comfort comes and that is where you can give higher valuation also to those companies.

Defence stocks have corrected significantly in the past month. Experts advise against bottom fishing and suggest waiting for clear signs of market reversal. Cochin Shipyard, Garden Reach, and Mazagon Dock are among the top losers. Stable names like HAL and Bharat Electronics might lead if overall market conditions recover.

Shares of Premier Energies took a sharp fall of 13.4% after opening at a 120% premium. The IPO was highly subscribed, driven by strong investor interest. Analysts suggest that despite competitive industry conditions, Premier Energies’ strategic positioning offers potential for long-term growth. Investors are advised to consider profit booking or apply a stop loss strategy.

On September 2, the closing prices of three stocks dropped by more than 3% relative to the VWAP, and a shift below the VWAP suggests a potential bearish trend.

Several brokerages have recently upgraded the target prices for stocks like Tata Steel, ITC, Britannia, SBI, and Maruti Suzuki. These upgrades indicate potential price increases ranging from 2% to 15% based on current market prices. The detailed list includes target prices for each stock, showing market optimism for these companies.

Indian Phosphate shares made a strong debut on the NSE SME platform, listing at a 90% premium to their offer price. The IPO, which was highly subscribed, will help fund the development of a new facility and meet working capital needs. The company specializes in producing various chemicals and fertilizers.