Latest Stock Market News

Pi Coin plunged over 55% within 24 hours of launch, impacted by early miners selling, absence from Binance, limited real-world utility, and market uncertainty. Analysts expect price recovery as selling pressure eases.

Sandip Sabharwal is fully invested, favouring capital goods and infrastructure stocks like NCC and Ahluwalia Contracts.

The Indian Infra-Road sector is set to recover in FY26 due to government expenditure, increased project awarding, and diversification into non-road segments. Despite short-term challenges, companies with strong order backlogs and execution capabilities like HG Infra, Kalpataru Projects, and J Kumar Infraprojects are poised for growth.

Six NSE large-cap stocks formed a bullish "White Marubozu" pattern on February 20, indicating strong buying pressure. Stocks include Godrej Consumer, Cummins India, Bajaj Housing, ABB India, Shriram Finance, and NTPC.

Emkay Research maintains its sell recommendation for Go Digit General Insurance, setting a target price of Rs 250. The company s current market price is Rs 304.15. While appreciating the company s strategy and technology use, Emkay sees growth challenges in the competitive environment. Promoters hold a 73.18% stake, and FIIs own 6.47% as of December 2024.

The Indian EV market is poised for transformation with BYD and Tesla s entry, raising consumer expectations and introducing new design standards. These global giants will likely create new price segments and drive innovation in sales models, offering Indian consumers premium choices and a direct-to-customer buying experience.

Shares of JSW Energy rose by 4.8% after Morgan Stanley gave an overweight rating with a target price of Rs 545. The brokerage cited strong market share gains and projected an EBITDA CAGR of 24% for FY24-28. JSW Energy s renewable energy segment is expected to grow EBITDA by 52%. Despite recent profit declines, the stock showed a modest yearly increase.

Despite foreign institutional investors selling financial stocks, analyst Mayuresh Joshi from Marketsmith believes the sector is poised for growth due to easing valuations. He highlights Kotak Mahindra Bank, Bank of Baroda, and Karur Vysya Bank as promising picks. Stabilizing deposits, stronger asset quality, and potential earnings growth support a positive outlook for banking stocks.

Tata Steel acquired a Rs 2,603 crore stake in its Singapore subsidiary, T Steel Holdings, following an earlier Rs 2,348 crore investment. The stock rose 1.6% before the announcement but remains down 2.13% over the year. Analysts have a Rs 160 target price, implying a 16% upside, with mixed "buy," "hold," and "sell" ratings.

Four Nifty200 stocks—APL Apollo Tubes, NHPC, Bank of India, and Indraprastha Gas—surged over 5% on February 20, triggering the RSI Trending Up scan, signaling strengthening momentum and potential buying opportunities.