Latest Stock Market News

Manish Chokhani of Enam Holdings highlights the inevitable market correction due to misaligned earnings expectations and high valuations, particularly in small caps and IPOs. While optimistic about India s long-term growth, he advises cautious investing in overvalued segments and emphasizes patience for attractive buying opportunities.

With 29 Nifty stocks trading below their 5-year average PE multiples, investors are weighing potential value opportunities. Market experts suggest a strategic and staggered investment approach amidst ongoing market corrections, emphasizing fundamentally strong companies for long-term gains.

Four Nifty500 stocks closed over 2% below VWAP on February 20, signaling potential bearish trends and increased selling pressure. Stocks affected include JBM Auto, Linde India, JB Chemicals, and Suven Pharmaceuticals.

India s Nifty 50 index is set for reshuffling, likely including Zomato and Jio Financial Services while removing Bharat Petroleum and Britannia Industries. This could trigger significant trading volumes and inflows of $702 million for Zomato and $404 million for Jio Financial. The changes, effective March 28, 2025, will be finalized today.

Choice Equity Broking recommends holding Narayana Hrudayalaya shares with a target price of Rs 1,460, downplaying near-term revenue growth due to no bed expansion in India until FY28. The new Cayman Bay facility may enhance margins. Current market price is Rs 1,407.6. Total income and net profit show a mixed trend for the latest quarter.

The Burman family has gained control over Religare Enterprises Limited (REL) by acquiring a 25.16% share following a successful open offer. The acquisition included 231,025 equity shares on February 17, 2025. The Burman family aims to enhance governance and drive sustainable growth at REL.

Mayuresh Joshi from Marketsmith India suggests the market may be near its low, or the earnings downgrades are ending soon. He highlights agro chemicals, hospital stocks, and financials as promising sectors. Key stocks include Coromandel International, Max Healthcare, Kims, Kotak Bank, and Karur Vysya Bank, showing potential in their performance and financial stability.

Quality Power Electrical s shares will debut on exchanges Friday. The IPO price indicates a flat to negative debut. The company aims to use the net proceeds for acquisition, capital expenditure, and strategic growth. Quality Power specializes in power products and solutions in various sectors.

Royalarc Electrodes IPO saw a subscription of 1.6 times, debuting on the NSE SME platform today with no grey market premium. Founded in 1996, the company manufactures welding consumables and trades ancillary products. Their advanced facility in Gujarat ensures high-quality standards, supported by a skilled team of 144 employees.