Latest Stock Market News

Market expert Hemang Jani identifies opportunities in beaten-down stocks like Trent, Dixon Technologies, and Cummins India, which have strong fundamentals despite significant corrections. He advises focusing on companies with solid earnings growth instead of large-cap defensive names for potential bounce-back investments.

ICICI Securities advises a buy on Zen Technologies with a revised target price of Rs 1,970, down from Rs 2,535. Zen Technologies Q3FY25 EBITDA matched guidance but order inflow targets have shifted to H1FY26. Strategic investments and acquisitions were announced. Promoters hold 49.05% stake, while FIIs and DIIs own 8.29% and 8.97% respectively.

JM Financial shares surged 4% to hit an intraday high of Rs 108 following the announcement of a Rs 230 crore tax refund from the Income Tax Department of India. This refund pertains to the assessment year 2008-09 and will positively impact the company s financials.

India s benchmark indices opened lower on Friday amid concerns over potential reciprocal US tariffs and persistent foreign selling. Nifty Auto, FMCG, and Pharma sectors saw declines, while broader markets outperformed with gains in Nifty Smallcap 100 and Nifty Midcap 100. Experts suggest caution but indicate potential in midcaps unaffected by foreign selling.

Mahindra & Mahindra Financial Services Ltd (MMFSL) and Mahindra Lifespace Developers Ltd (MLDL), both subsidiaries of the Mahindra Group, have received approval to raise funds through rights issues.

Manish Chokhani of Enam Holdings highlights the inevitable market correction due to misaligned earnings expectations and high valuations, particularly in small caps and IPOs. While optimistic about India s long-term growth, he advises cautious investing in overvalued segments and emphasizes patience for attractive buying opportunities.

With 29 Nifty stocks trading below their 5-year average PE multiples, investors are weighing potential value opportunities. Market experts suggest a strategic and staggered investment approach amidst ongoing market corrections, emphasizing fundamentally strong companies for long-term gains.

Four Nifty500 stocks closed over 2% below VWAP on February 20, signaling potential bearish trends and increased selling pressure. Stocks affected include JBM Auto, Linde India, JB Chemicals, and Suven Pharmaceuticals.

India s Nifty 50 index is set for reshuffling, likely including Zomato and Jio Financial Services while removing Bharat Petroleum and Britannia Industries. This could trigger significant trading volumes and inflows of $702 million for Zomato and $404 million for Jio Financial. The changes, effective March 28, 2025, will be finalized today.

Choice Equity Broking recommends holding Narayana Hrudayalaya shares with a target price of Rs 1,460, downplaying near-term revenue growth due to no bed expansion in India until FY28. The new Cayman Bay facility may enhance margins. Current market price is Rs 1,407.6. Total income and net profit show a mixed trend for the latest quarter.