Latest Stock Market News

The promoters of Gensol Engineering revealed that they have sold 2.37% of the company’s total equity, equivalent to 9 lakh shares, to unlock liquidity and reinvest in the business.

JM Financial recommends buying HDFC Life Insurance Company shares with a target price of Rs 800. HDFC Life s current market price is Rs 618.95. The company has shown promising growth potential with significant earnings expectations over FY25-FY27. Promoters hold 50.32% stake, and noticeable participation by FIIs and DIIs enhances its investment outlook.

According to StockEdge data, 10 stocks have been paying consistent dividends to their investors, with payouts made up to 64 times since 2011.

The ongoing correction is driven by a mix of valuation concerns, muted earnings growth, and global macro uncertainties. Rising geopolitical tensions and the risk of a potential trade war have further exacerbated investor caution.

Sun Pharmaceutical announced the acquisition of Nasdaq-listed Checkpoint Therapeutics, an immunotherapy and oncology company. The deal involves an upfront cash payment of $4.10 per share, totaling up to $355 million, with additional potential payouts based on milestones. The acquisition strengthens Sun Pharma s innovative portfolio in onco-derm therapy, particularly for advanced cutaneous squamous cell carcinoma.

Gold prices slightly increased due to a weaker dollar and safe-haven demand amid concerns of a global trade war. Investors are awaiting crucial economic indicators and the Federal Reserve s interest rate stance. Additionally, Trump s recent tariff actions have caused market uncertainty, contributing to inflation and growth worries.

Oil prices declined on Monday due to concerns over the impact of U.S. tariffs on global economic growth and fuel demand, coupled with rising output from OPEC+ producers. Despite recent market fluctuations, analysts expect support around $65/$62 levels for WTI before a recovery.

PDP Shipping is launching a Rs 13 crore IPO with a price of Rs 135 per share, available for subscription until March 12. The company will use the funds for long-term working capital requirements. The IPO has no grey market premium, indicating muted demand. PDP Shipping offers comprehensive logistics and transport services.