Latest Stock Market News

SJVN Q3 Results: SJVN reported a 7% YoY rise in Q3FY25 net profit to ₹149 crore, with revenue growing 23% to ₹671 crore. However, sequentially, PAT declined 66%, and the company announced an interim dividend of ₹1.15 per share.

A sharp YoY rise in quarterly sales signals strong growth and demand. Among Nifty 500 firms, 5 firms saw over 200% sales growth in Q3 2024, highlighting expansion potential but requiring sustainability assessment.

Religare Enterprises on Thursday said its executive chairperson Rashmi Saluja ceased to be Director on its board as she did not get approval from shareholders for her re-appointment. The exit of Saluja comes amid Burmans open offer bid to acquire an additional 26 per cent stake in the company.

NBFC Shriram Finance Ltd (SFL) on Thursday said it has raised about USD 500 million (about Rs 4,300 crore) through External Commercial Borrowing (ECB) to fund business growth.

Kalpataru Projects International on Thursday reported a marginal dip of 3 per cent in consolidated net profit to Rs 139.59 crore in the December 2024 quarter.

Paytm Money, the stock broking arm of One 97 Communications, has settled a regulatory case with SEBI by paying ₹45.50 lakh, without admitting or denying violations related to technical glitch framework compliance, system monitoring, and disaster recovery drills.

The Indian market ended in the red for the seventh straight day on Thursday, with Sensex and Nifty50 closing flat but negative. Sectorally, healthcare, realty, and metal saw buying, while oil & gas, FMCG, IT, and consumer durables faced selling pressure.

Tech view: Nifty formed a small red candle with a long upper shadow on the daily chart, signalling selling pressure at higher levels. The 21-Day Simple Moving Average (DSMA) at 23,270 creates a resistance zone between 23,270-23,300, while 22,780 serves as key support. Holding above 22,780, a buy-on-dips strategy remains favourable, said Hrishikesh Yedve of Asit C. Mehta Investment Intermediates.