Latest Stock Market News

JM Financial recommends buying SRF with a target price of Rs 3115, a 12.7% increase from its current price. SRF s positive outlook includes expected demand for PTFE grades and stable packaging film margins. The company s recent financial performance showed growth in both income and profit. Promoters and FIIs hold significant stakes.

Shreenath Paper Products IPO received a tepid response, with subscription just over 1x. Investors can check allotment status via BSE or Bigshare Services websites. The IPO aims to raise Rs 23 crore with shares priced at Rs 44 each. The company specializes in supply chain solutions for paper-based industries. The listing is set for March 5.

Gold prices increased on Monday boosted by a weaker U.S. dollar and concerns of a global trade war due to President Trump s tariffs. U.S. gold futures also rose. A falling dollar made gold cheaper for holders of other currencies. Traders expect the Federal Reserve to delay interest rate cuts. Platinum, palladium, and silver prices also saw gains.

The euro and the British pound gained due to Europe s peace efforts in Ukraine, while the Canadian dollar and Mexican peso rose on potential tariff relief. Bitcoin surged as U.S. President Trump announced its inclusion in a new cryptocurrency strategic reserve plan.

Bitcoin and several other cryptocurrencies surged after U.S. President Trump announced plans to include them in a new strategic reserve. This news spurred a significant rally in crypto markets, with Bitcoin climbing over 20% from its recent lows and notable gains seen in ether, XRP, solana, and cardano.

Shares of New World Development surged over 6% in early trading on Monday after the Hong Kong developer announced plans to boost cash flow and reduce debt.

Oil prices increased, supported by positive manufacturing data from China and the hope of improved fuel demand. Brent crude and U.S. West Texas Intermediate crude saw gains. However, potential U.S. tariffs on Chinese exports added uncertainty. Rising concerns over attacks on Russian refineries and international oil firms hesitation in Iraq s Kurdistan region also impacted market sentiment.

Beezaasan Explotech s shares will debut on the BSE SME platform with a slight premium. The IPO, fully consisting of 34 lakh fresh equity shares, was subscribed 5 times. Funds raised will support manufacturing unit expansion, vehicle purchases, and debt repayment. The company manufactures various explosives, serving sectors like cement, mining, and defense.

The Securities and Exchange Board of India (SEBI) and BSE intend to challenge a Mumbai court’s order for an FIR against former and current officials for alleged irregularities in listing permissions. SEBI and BSE claim the application is frivolous, and authorities are reviewing if the case should be referred to the CBI due to its implications.

The proposed IPO of the Karnataka-based company is a combination of a fresh issue of shares valued ₹210 crore and an offer for sale (OFS) of shares worth ₹490 crore by the promoters - Pedanta Technologies and Dhananjaya Sudhanva, according to the draft red herring prospectus (DRHP). The company may consider mobilising up to ₹270 crore in pre-IPO round.