Latest Stock Market News

Abb India share price: The board of directors has proposed a final dividend of Rs 33.50 per share (1,675%) on 21,19,08,375 fully paid-up equity shares of Rs 2 each for the financial year ending December 31, 2024, pending approval from shareholders at the upcoming annual general meeting.

Ajax Engineering shares are in focus after Morgan Stanley sold over 7.58 lakh shares worth Rs 45 crore. The stock listed at a discount, but later recovered. Despite a weaker debut, analysts remain optimistic about the company s long-term growth, given its market position and the increasing demand for automated concrete solutions in India s boom.

Bharti Airtel share price: The telecom giant also announced that it has secured the new SEA-ME-WE 6 (Southeast Asia-Middle East-West Europe-6, or SMW6) submarine cable in Chennai.

ICICI Securities has reiterated a buy recommendation for Cello World with a revised target price of Rs 800. Cello World reported a revenue increase of 13.08% in the last quarter and a net profit of Rs 92.50 crore. Main products include Domestic Appliances and Export Incentives. Key risks involve higher input prices and rising competition.

We do believe that with the reduction in taxes to boost consumption as well as interest rate cut by the RBI will certainly give boost to private investments.

GMR Airports reported an 11% YoY increase in passenger traffic for January 2025 to 1.06 crore, though it declined 2% MoM. Aircraft movements rose 9% YoY to 63,767 but fell 1% MoM.

Gold prices saw a slight increase amid ongoing uncertainties surrounding U.S. President Donald Trump s tariffs, enhancing bullion s appeal as a safe-haven asset. Fed officials are expected to provide further insights on monetary policy, while Goldman Sachs has raised its gold price forecast due to higher structural central bank demand.

Brent crude prices paused in early trading after gaining due to a drone attack on a Russian oil pipeline. Brent futures slipped slightly while WTI crude rose, following the U.S. holiday. Reduced shipments from Kazakhstan and market oversupply are influencing prices, with expectations for lower averages in 2025.

The dollar nears two-month lows due to tariff concerns and uncertainty over U.S. rate cuts, while the Australian dollar remains high despite expectations of an imminent rate cut. The yen holds steady with strong growth data, and the market awaits Federal Reserve minutes for policy insights.

Samsung Electronics will cancel 3.05 trillion won worth of its own shares. It will also acquire 2.7 trillion won worth of its own common shares and 304 billion won of other shares between Feb 19 and May 16. This is part of Samsung s plan to raise shareholder value and benefit employees.