Latest Stock Market News

Hexaware share price: Brokerage JM Financial has initiated coverage on the stock with a "buy" rating and a target price of Rs 820, suggesting an upside potential of 7% from the current levels.

Zen Technologies shares rebounded 10% on Wednesday after a 31% drop over two sessions, hitting an upper circuit at Rs 1,069.20. The company reported a sequential decline in profitability and revenue for Q3 FY25, with net profit falling 40.8% QoQ. Analysts remain positive, with target prices ranging from Rs 1,650 to Rs 1,970 despite recent setbacks.

​So, idea is to temper expectation, get back to basics and keep doing from long-term perspective stock picking and keep remain invested. I mean, nothing changes from the long-term conviction perspective on India story, it continues to remain strong.

Ajay Bagga, Market Expert, suggests that if the Ukraine war ends and oil prices crash, global markets might get a short-term boost. However, he anticipates another 5-10% correction in leading indices and advises investors to wait for clear recovery signs by September while considering selective stock purchases and fixed-income investments.

Bitcoin s market cap decreased to $1.886 trillion, with its dominance now at 60.36%. During this period, BTC volume surged by 48%, reaching $38.9 billion. Stablecoins made up $102.11 billion of this volume, or 94.18%, according to CoinMarketCap.

Adani Group stocks fell sharply on Wednesday, with Adani Enterprises dropping 4.3%, after reports emerged that the U.S. SEC sought Indian authorities help in its probe into the Adani family over alleged securities fraud and a Rs 2,300 crore bribery scheme. The SEC’s ongoing efforts to serve legal complaints triggered investor concerns, leading to a broad sell-off in Adani Group stocks.

Since late September 2024, the Nifty 250 Microcap universe has experienced significant declines, with some stocks plummeting up to 70%. Jai Corp leads the fall with a 69.98% drop, followed by substantial losses in Strides Pharma Science, Senco Gold, Electrosteel Castings, and TARC.

​Specifically, we do not have a stock list ready, like a shopping list per se. We are still observing what has happened in the quarter which has gone by.

Dr. Reddy’s Laboratories fell 5.8% to Rs 1,128.90, while Zydus Lifesciences dropped 4.8%. Sun Pharma, India s largest drugmaker, declined by 3.2% to Rs 1,647.35, becoming the top loser on the BSE Sensex and one of the top five decliners on the Nifty 50.

Top brokerage firms highlight investment opportunities in stocks for 2025, projecting 20-30% returns. Motilal Oswal recommends UltraTech Cements and Glenmark Pharma, while JPMorgan favors Persistent Systems. Citi is optimistic about Shriram Finance and gives a neutral rating to United Spirits with notable potential gains. These recommendations entail stocks across various promising sectors.