Latest Stock Market News

SpiceJet Q3 Results: SpiceJet turned profitable in Q3 2024, recording a net profit of Rs 26 crore due to strong passenger demand and improved efficiency. The airline s revenue surged by 35%, and its net worth became positive for the first time in a decade, supported by strategic financial recovery efforts.

The analysis revealed that nearly 96% (255) of low beta stocks have dropped by double digits from their 52-week peak, with 5% (13 stocks) falling over 50%.

This will be Boat s second attempt to go public after an abortive attempt in 2022. According to sources, the company is considering an IPO size of Rs 2,000-2,500 crore, although the final figure may depend on market conditions and the company s financial performance.

Hong Kong stocks resumed their impressive start to the year on Wednesday as they rocketed more than three percent on the back of a surge in tech firms fuelled by fresh optimism over the sector in China. The Hong Kong market climbed more than three percent and has enjoyed a blockbuster start to the year, rocketing by almost a fifth to hit its highest level since March 2022.

The broader market s strong performance during this bull phase delivered exceptionally high returns to newcomers, who largely invested in mid and small-cap stocks. Now, the tide has suddenly turned. FIIs are aggressively selling, and mid and small caps have taken a severe hit, impacting all portfolios.

HPCL continues to be the top choice among oil marketing companies (OMCs), with expected marketing margins of Rs 3.3/liter for both MS and HSD in FY26/FY27, down from the current Rs 9.1/liter for MS and Rs 6.6/liter for HSD. Key growth drivers for the stock include the demerger and possible listing of its lubricant business.