Latest Stock Market News

Tejas Networks shares: According to Trendlyne data, the average target price for the stock is Rs 1,100, indicating a potential upside of 67% from the current market price. The consensus recommendation from one analyst for the stock is a Strong Buy .

A closing price below the VWAP suggests that the stock ended lower than its average traded price for the day, with the average weighted by trading volume.

On Monday, Indian benchmark indices Sensex and Nifty started the day on a positive note, fueled by gains in banking, financial, and auto stocks, following favorable signals from Asian markets after China introduced new measures to stimulate consumption.

HDFC Securities recommends buying JK Lakshmi Cement with a target of Rs 872. The company reported a consolidated total income of Rs 1505.87 crore for Q3 FY24, showing a 21.18% increase from the previous quarter but a 12.43% decrease from the same quarter last year. The company s net profit for the latest quarter stood at Rs 62.75 crore.

ICICI Securities has maintained a reduce call on IndusInd Bank with a target price of Rs 850, citing concerns over internal hedging in foreign currency derivatives. The bank s Q4FY25 profitability could be affected, potentially leading to a loss. Promoters hold a 16.29% stake, FIIs 24.74%, and DIIs 42.05% as of December 2024.

Social media analysis reveals bleak market sentiments among investors and experts. Market veteran Shankar Sharma highlights that the downturn is local and needs local solutions. Retail investors share their despair on platforms like Reddit and X, indicating significant losses in the Indian stock market.

GR Infraprojects shares are likely to gain attention following their selection as the contractor for a Rs 4,263 crore NHAI project. The project includes constructing the Agra-Gwalior Greenfield Road, covering sections in Uttar Pradesh, Rajasthan, and Madhya Pradesh. The completion period is 910 days. Despite recent stock underperformance, the company continues its focus on infrastructure development.

The potential risks include hypersensitivity reactions, liver injury, hematological toxicity, drowsiness, dizziness, respiratory depression, and, in extreme cases, coma. Dr Reddy’s stated that it has not yet received any reports of adverse events linked to the recall.

IndusInd Bank share price: As per the auditor-reviewed financial results for the quarter ending December 31, 2024, IndusInd Bank has maintained a strong Capital Adequacy Ratio (CAR) of 16.46% and a Provision Coverage Ratio (PCR) of 70.20%.