Latest Stock Market News

The rupee rebounded 13 paise to 86.98 against the US dollar after Trump paused tariffs on Mexico and Canada. On Monday, the rupee hit a record low of 87.11. The dollar index also fell, and Brent crude decreased to USD 75.54 per barrel. Finance Minister Nirmala Sitharaman stated the rupee s value is market-determined.

Samvardhana Motherson International shares surged 9% to Rs 142.15 following Trump’s decision to pause tariffs on Mexico and Canada. The company, reliant on exports (80% of revenue), was impacted by tariff uncertainty. Additionally, a joint venture with Hamakyorex of Japan boosted market sentiment. Despite a 10.43% YTD loss, the stock has gained 20.08% over the past year.

Finance Minister Nirmala Sitharaman discusses GST rate rationalisation, aiming to simplify rates for essential goods. She plans to reduce the highest rates and bring more items under lower tax categories. Sitharaman also addresses the impact of public opinion, controversies, and political strategies on economic decisions. The emphasis is on ensuring fiscal responsibility and asset creation.

Divi s Labs surged 6% after reporting a 64% YoY profit jump in Q3FY25. Revenue rose 25% YoY to Rs 2,319 crore. Goldman Sachs stays Neutral (target: Rs 5,925), while Nuvama maintains Buy (target: Rs 6,830) citing strong growth potential.

Budget 2025 saw a 34% reduction in allocation for urban affordable housing, affecting major players like HUDCO and NBCC, whose stocks fell significantly. Market experts predict short-term negativity but hope for recovery if the RBI implements a rate cut. The new SWAMIH Fund 2 aims to complete an additional 1 lakh housing units.

Titan s Q3FY25 revenue is expected to grow 24% YoY, driven by strong festive and wedding season demand. Jewellery sales rose 26%, but a one-time Rs 275 crore inventory loss may impact profitability. Analysts project 19% adjusted PAT growth. Titan shares traded 1% lower at Rs 3,545.45.

Shares of Vodafone Idea surged by as much as 5.7% on Tuesday, reaching Rs 9.6 on the BSE, after Finance Secretary Tuhin Kanta Pandey hinted that the government is considering a proposal to waive 50% of the interest and 100% of the penalties and interest on penalties, which make up a significant portion of the adjusted gross revenue (AGR) dues levied on telecom companies such as Vodafone Idea and Bharti Airtel.

Rahul Shah expects sideways markets with stock-specific performance. He favors consumption over capex, pharma stocks like Divi’s, power financiers like REC and PFC, and Castrol India for its strong margins.

Shares of NLC India rose 12.2% to Rs 237.05 after posting a record Q3 PAT of Rs 2,245 crore, marking a 28% YoY growth. The company also declared an interim dividend of Rs 1.50 per share, with February 7 as the record date for eligibility and payments to be made by March 4.

L&T shares rose 3% after securing a major Rs 5,000-10,000 crore steel project in MENA. The stock rebounded after budget-related weakness. Analysts highlight slowing capex growth but strong order inflows support optimism.