Latest Stock Market News

Shares of Senco Gold climbed nearly 5% after the company reported strong business updates for the July-September period. Retail growth increased by 27% year-on-year, with same-store sales growth rising to 20% in Q2, up from 4% in Q1.

Shares of Torrent Power surged 9% to a 52-week high after signing two letters of award with Maharashtra State Electricity Distribution Company Limited for the long-term supply of 2,000 MW energy storage capacity. The agreements include 1,500 MW energy supply capacity and 500 MW additional storage capacity, with plans for 40-year procurement from a pumped hydro storage plant in Maharashtra.

Shares of Suzlon Energy surged over 9% to Rs 80.47 on the BSE. The increase follows reports that Suzlon is competing to supply wind turbines to Tata Power. Tata Power seeks bids for a total capacity of 3 gigawatts. Earlier, Suzlon received warning letters from NSE and BSE over corporate governance issues raised by an Independent Director.

A total of 4,378 shares changed hands on the counter till 12:06PM (IST)

​Only one surprise which has come out is that the inflation numbers for Q3 is likely to be higher than the earlier projected, that is something a little different, looks like because of that assessment only they did not go in for a rate cut despite the last two numbers having been below Reserve Bank’s target level, they remained conscious that in the very short term, inflation is likely to be little up, that is it.

When the closing price rises above the VWAP, it signifies that the closing price is higher than the average price at which it was traded throughout the day, with the average being weighted by trading volume.

We have highlighted the top five Nifty200 stocks with prices exceeding their book value, based on a valuation scan by Stockedge.com.

Motilal Oswal Financial Services has buy call on Avalon Technologies with a target price of Rs 690. The current market price of Avalon Technologies is Rs 564.65.

Several brokerages remain bullish on seven stocks, including IndusInd Bank, SBI, and ACC, predicting potential rallies up to 51%. Analysts believe these stocks, reflecting strong buys across the banking, finance, and cement sectors, could see significant upside based on their current market prices.

Indian benchmark indices end a six-day losing streak with Nifty closing above 25,000. Dixon Technologies shows strong bullish momentum, while Indian Hotels rebounds from a support zone. Both stocks exhibit positive technical and derivative indicators, suggesting potential short-term gains.