Latest Stock Market News

Jefferies, Goldman Sachs, Nuvama, and Morgan Stanley have identified stocks with significant upside potential. ONGC, Divi s Laboratories, Adani Ports, LIC Housing Finance, and Maruti Suzuki are recommended buys, with expected returns ranging from 13% to 50%. These top global brokerage firms highlight strong investment opportunities for the next 12 months across various sectors.

ICICI Securities recommends a sell on Divi s Laboratories with a target price of Rs 4,500 despite recent quarterly growth. Management remains optimistic about future revenue growth driven by custom synthesis and new projects. Promoters hold a significant 51.89% stake, with FIIs and DIIs owning substantial shares. The company aims for commercial success in its Kakinada plant.

Four Nifty500 stocks closed over 1.5% below VWAP on February 4, indicating a bearish trend: Radico Khaitan, Sona BLW, NLC India, and Jupiter Wagons saw increased selling pressure.

State Bank of India (SBI) is expected to report high single-digit growth in net interest income (NII) for Q3 FY25, driven by strong loan growth. Estimated topline is between Rs 42,290 crore and Rs 42,845 crore, with net profit potentially rising 61%-89%. Provisions may increase YoY, while NIMs could dip. Earnings will be announced on February 6, 2025.

The rupee weakened amid tariff concerns but showed asymmetry in recovery, indicating RBI’s intent to correct overvaluation. The central bank has shifted its FX intervention strategy to support growth by easing monetary conditions. A rate cut is likely, and a weaker rupee could aid fiscal consolidation, protect domestic manufacturers, and help RBI transfer surplus to the government.

The revenue from operations for Q3FY25 stood at Rs 8,549 crore, marking a 6% decline from Rs 9,103 crore reported in the corresponding quarter of the previous financial year.

Titan shares are under scrutiny following a slight dip in Q3 net profit to Rs 1,047 crore, despite a 25% increase in total income. Analysts are optimistic about Titan s growth, with Macquarie maintaining an Outperform rating and Goldman Sachs giving a Buy rating due to strong jewelry segment performance.

Sudip Bandyopadhyay highlights promising sectors such as specialty chemicals, with undervalued companies like SRF and Deepak Nitrite showing recovery. He prefers Vedanta for its potential value unlocking in metals. Though supportive of a rate cut by RBI, he stresses liquidity creation s immediate impact. He remains positive on the long-term power sector investments like NTPC and BHEL.

The IPO of Ajax Engineering, a concrete equipment manufacturer, will open for public subscription on February 10, with a price band of Rs 599-629 per share. The offering consists solely of an offer-for-sale of 2.01 crore equity shares, with proceeds allocated to selling shareholders. Key sellers include Kedaara Capital, Krishnaswamy Vijay, and others.