Latest Stock Market News

Indian benchmark equity indices opened lower for the fifth consecutive session due to global market weakness and concerns over US consumer demand and tariff threats. All sectors experienced selling, leading to significant declines in stocks such as Zomato, HCL Tech, and TCS. Sectoral indices including Nifty IT, Financial Services, and Metals also opened significantly lower.

ICICI Securities retains a hold on Sudarshan Chemical Industries, lowering the target price to Rs 835 from Rs 980. Pigment revenue grew 15.3% YoY in Q3FY25, driven by exports. Total income for Q4 2024 was Rs 670.92 crore, with net profit at Rs 0.51 crore. Promoters hold 26.83% stake, while FIIs and DIIs own 8.44% and 18.35% respectively.

Hem Securities recommends buying RateGain Travel Technologies with a target price of Rs 620, with the current market price at Rs 529.7. The company demonstrates strong financials, reporting Rs 299.04 crore in income for the latest quarter and anticipates further growth due to solid demand and a healthy deal pipeline.

Jefferies maintained a Buy rating on M&M with a Rs 4,075 target, citing strong tractor and SUV market share. M&M’s Q3 profit rose 19% YoY to Rs 2,964 crore. Despite technical weakness, analysts see a buying opportunity.

Citi has reiterated its Buy rating on IndiGo, raising its target price to Rs 5,200, citing improved yields in Q4FY25 due to higher demand. The positive outlook is driven by strong air traffic and IndiGo’s market dominance. Citi also initiated a 90-day positive Catalyst Watch, further fueling optimism about the stock’s performance.

The latest rejig of the Nifty Next 50 index indices has taken place to ensure that the benchmark remains reflective of the current market landscape

The Nifty Auto index was trading 0.2 per cent down at 21462.9.

RailTel Corporation of India will be in focus after securing a Rs 288 crore contract to install Kavach technology at 71 stations, improving safety and efficiency. The company s recent successes include orders from Bharat Coking Coal Ltd and the Gujarat government. Despite a recent decline, the stock has gained significantly over the last two years.

Swiggy plans to invest up to Rs 1,000 crore in its subsidiary, Scootsy Logistics, through a rights issue to enhance supply chain and distribution services. The funds will support working capital and expansion efforts. Swiggy’s shares have seen a significant decline in recent months.