Latest Stock Market News

The IPO consists entirely of an OFS of 1.8 crore shares, with promoters Rajesh Loomba and Aditya Loomba offloading part of their stakes. Ecos Mobility, which has provided chauffeured car rentals and employee transportation services to corporate clients, including Fortune 500 companies, for over 25 years, operates a fleet of more than 9,000 vehicles

Brace Port Logistics’ SME IPO saw an impressive 600x subscription, showcasing strong investor interest. However, it didn’t make the top 10 SME IPOs by subscription this year. Here are the top 10.

Well, I know it has had a very solid sell-off and I mean, it has been a great market to short and that has been very enjoyed from a trading perspective. You have seen fairly weak demand if you are looking at the global picture, Eurozone certainly with China looking at the likes of the US.

Ravi Menon from Macquarie expresses optimism for a strong run in the Indian IT sector, highlighting companies like TCS, HCL, Wipro, and LTIMindtree. He further predicts significant investments in digital transformation and AI, noting Persistent Systems as a standout midcap pick. Challenges are anticipated for sectors like telecom and automotive.

Here’s a selection of stock ideas from StoxBox, meticulously crafted using both technical and fundamental analysis to highlight stocks with significant growth potential.

The stock quoted a 52-week high price of Rs 2090.0 and low of Rs 1266.0.

Axis Securities has identified select metal and mining stocks with potential gains of up to 21%. The firm’s top picks are Hindalco, Coal India, APL Apollo Tubes, and JTL Industries.

Raamdeo Agrawal, chairman of Motilal Oswal Financial Services, predicts that the Nifty will double to 48,000 in five years due to retail participation and excess liquidity. He cautions against investing in PSUs and IT stocks and urges caution in banking stocks due to issues with credit demand and deposit growth.

In 2024, smallcap stocks have generally outperformed mid and largecaps, but 278 stocks have lagged behind the S&P BSE Smallcap Index, with share prices dropping by up to 70%. The hardest hit include penny stocks Sanmit Infra, MK Proteins, and Cressanda Solutions, which have seen declines between 51% and 69%, with current prices around Rs 12, Rs 10, and Rs 15, respectively.

The company has strategically positioned their new workspaces in prime locations. Awfis Mantri Commerce is located in BTM Layout, and Awfis Vista Pixel is in North Bengaluru, both offering excellent connectivity to major business districts. Additionally, these sites are conveniently close to malls, entertainment hubs, and essential social infrastructure.