Latest Stock Market News

ICICI Securities recommends buying Solar Industries India with a target price of Rs 13,720, noting its promising growth in defence and aerospace sectors. The company s revenue grew 37.68% YoY, reporting a net profit of Rs 336.54 crore in Q3 FY24. With strong management and strategic plans, Solar Industries is expected to see robust EBITDA growth.

Shares of IndusInd Bank, Bandhan Bank, and NBFCs surged up to 8% after the RBI eased risk-weight norms on loans to NBFCs, effective April 1. The move, reversing a tightening measure from November 2023, is seen as a positive for the sector, especially for lenders with microfinance exposure. Analysts expect further adjustments in the RBI s risk-weight framework.

KPI Green Energy s shares will be closely monitored as its parent company, KP Group, partners with Madhya Pradesh s New and Renewable Energy Department to develop 1.8 GW renewable energy projects. Additionally, the company s Q3 earnings report revealed a 67% increase in net profit and a 38.8% rise in revenue, highlighting strong growth in their renewable energy business.

Wipro announced a $200 million investment into Wipro Ventures to support startups in the technology innovation space. This fourth funding round aims to accelerate investments in early to mid-stage startups, enhancing collaboration with the IT services industry and driving technological progress.

Sunil Subramaniam mentions that domestic fund managers will soon step in as FIIs continue to sell, focusing on quality stocks with less downside risk. He suggests looking at private sector banks and capital goods for potential buying points, given the corrections. Additionally, consumer durables and sectors benefiting from increased rural demand and tourism could offer opportunities.

UltraTech Cement share price: According to Trendlyne data, the average target price for the stock is Rs 12,473, indicating a potential upside of 14% from the current market price. The consensus recommendation from 39 analysts is a Buy .

Waaree Energies shares are expected to attract attention on Thursday, February 27, following an inspection initiated by the Assistant Commissioner of State Tax, Mumbai, on February 25, 2025. The inspection involved both Waaree Energies and its subsidiary, Waaree Renewable Technologies. The company is cooperating by submitting requested operational details, although the reason for the inspection remains unclear.

Adani Green Energy shares are likely to gain attention on Thursday after its subsidiary, Adani Saur Urja, secured a 1,250 MW energy storage order from Uttar Pradesh Power Corporation (UPPCL). The project, Panaura PSP, will be developed in Sonbhadra, Uttar Pradesh, with a 40-year commitment. The project is expected to be completed in six years, with an annual fixed cost of Rs 76.53 lakh per MW.

ICICI Securities recommends buying Gujarat Fluorochemicals Ltd. at Rs 3,690 with a target of Rs 4,160. The company is expected to see significant earnings growth, driven by increased demand and limited competition. Gujarat Fluorochemicals reported a net profit of Rs 126 crore in the latest quarter. Promoters hold 62.58% of the company s shares.