Latest Stock Market News

Emkay Global Financial Services has set a buy rating for Vedanta with a target price of Rs 600, suggesting a 21% upside and a 9% dividend yield. Vedanta s positive outlook is based on its upcoming demerger, project completions, consistent dividends, and easing balance sheet concerns. Promoters hold a 56.38% stake in the company.

The Indian market is expected to open higher on Monday following positive global trends. According to analysts, the Nifty could encounter resistance around 22,500 to 22,600 zones, while support levels are anticipated at 22,000 to 21,800 zones. Several experts have provided short-term stock recommendations for traders.

Ashok Leyland shares increased by 3.3% as the company reported February 2025 vehicle sales at 15,879 units, a 4% decrease compared to the previous year. Notable figures included a 7% decline in the M&HCV segment and a 1% growth in the LCV segment, with overall sales reaching 17,903 units including exports.

The rupee appreciated 9 paise against the US dollar as the American currency index fell, and domestic equity markets showed signs of recovery after positive macroeconomic data. Withdrawal of foreign capital may halt due to a reported economic growth of 6.2% in Q4.

ICICI Securities upgrades AU Small Finance Bank to a BUY with a target of Rs 725. Recent performance was affected by high credit costs in microfinance and credit card segments. However, improvements and normalization of credit costs are expected, projecting RoA enhancement to 1.8% by FY27. Current share price correction also influenced the upgrade decision.

NLC India secures a contract to develop and operate a 200 MW wind power project awarded by SJVN, aiming to generate 526 million units of clean energy annually. This project supports India s goal of 500 GW non-fossil fuel capacity by 2030, aligning with the National Green Energy Policy.

Shares of Paytm s parent company, One 97 Communications (OCL), are likely to be in focus after the Enforcement Directorate issued a show cause notice for alleged foreign exchange rule violations amounting to Rs 611 crore. The violations reportedly relate to investments in OCL and its subsidiaries, Little Internet and Nearbuy India. Paytm is seeking legal advice to resolve the issue.

Jubilant FoodWorks CEO Sameer Khetarpal discusses the company s growth strategy, including expanding from 465 to 700 cities and increasing store count. By avoiding price hikes for 10 quarters, Domino’s increased market share. Focus on fast delivery, better consumer value, and strong same-store growth aim to enhance returns. Future plans include aggressive store expansion and scaling brands like Popeyes and Coffy.

Ujjivan Small Finance Bank share price: Ujjivan SFB s total loan portfolio reached Rs 30,466 crore, showing a 9.8% growth compared to the previous year. The proportion of secured loans has notably increased, now constituting 39.3% of the overall loan book as of December 2024, up from 28.3% a year ago.