Latest Stock Market News

Rate this item

(1 Vote)

Axis Securities recommends buying JTL Industries with a target price of Rs 115. JTL, a Small Cap company in the Metals - Ferrous sector, showed a quarterly decline in total income and net profit of Rs 24.94 crore for the latest quarter. Despite revising sales and EBITDA estimates, Axis projects a 20% upside on the current market price.

Bank of Baroda shares fell 5% as Q3 NII missed estimates due to lower NIM. Jefferies and HSBC cut targets to Rs 250. Nuvama sees value, retaining a "BUY" with a Rs 265 target. Despite weak loan growth, BoB’s profit rose 6% YoY, supported by strong non-interest income.

Wherever there are good results stocks are reacting positively, bad results are also being punished quite hard. So, that is the nature of the market because conviction is somewhat lacking at this stage.

Bank of America, Investec, Nomura, and Morgan Stanley have reiterated their positive stances on select stocks for 2025. They identify Reliance Industries, Maruti Suzuki, Bajaj Finance, CarTrade, and Ambuja Cements as having strong growth potential, projecting returns between 15-29%. Investors are advised to consider these recommendations for potential gains.

IGL shares begin trading ex-bonus today

Updated at : 2025-01-31 11:20:02

Rate this item

(1 Vote)

Indraprastha Gas Ltd (IGL) shares began trading ex-bonus on January 31, 2025, after announcing a 1:1 bonus share issue. The record date for eligibility is January 31, with shares allocated on February 3. IGL, issuing bonus shares for the first time, has seen its stock decline 7.3% in the past year, with a 27.3% drop in the last six months.

Waaree Energies’ shares surged 14.4% to Rs 2,505.85 after reporting a 296% YoY rise in net profit to Rs 493 crore for Q3FY25. Revenue from operations rose 117% YoY to Rs 3,457 crore, though it declined 3.2% sequentially. Profit after tax (PAT) increased by 36% from the previous quarter, reflecting strong growth despite a slight revenue dip.

​But I think that sector is going to do very well. So, I agree with you, this is the way to go about. I mean, in fact, these are the times when the SIPs can really generate positive alpha going forward, I mean massive positive alpha going forward.

We have witnessed among the fiercest, longest and broadest market move, since the 2020 pandemic. The roller coaster has navigated uncertainties of pandemic, wars, and sharp supply shocks.

Warning! Information Posting in this website is only for educational purpose. We are not responsible for losses incurred in Trading based on this information.